Plan to acquire 60% stake in the construction biz approved by shareholders... profit guarantee of 7m of each year for the next 3 years.... the acquisation will be settled via cash and issuance of convertible preference shares... no dilution at this moment... is a good development for FFHB...
warrant is expiring soon, so they are pressing down mother. and soon warrant will become -ve premium. so that they can convert it to mother share at cheaper price.
this happened to Comfort last yr. after warrant expired, mother went up from rm0.7 to rm1!
i had collected it 2 months ago when it dropped to 0.64, 0.78 is a good support for this counter and it is believe that its next coming quarter result can trigger market to buy it.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Issac Chai
89 posts
Posted by Issac Chai > 2016-11-15 09:29 | Report Abuse
the board of FFHB had done the transation. is it good or bad news?