What is everybody opinion on this proposal? Is this good or crap??
LEWEKO RESOURCES BERHAD (“LEWEKO” OR “COMPANY”)
(I) PROPOSED DIVERSIFICATION INTO PROPERTY DEVELOPMENT; (II) PROPOSED JOINT VENTURE; (III) PROPOSED PAR VALUE REDUCTION; (IV) PROPOSED RIGHTS ISSUE WITH WARRANTS; AND (V) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF LEWEKO
This appear to be the begining of more good announcements to come. Par value reduction will improved balance sheet and ultimately lower the gearing. Diversification is good and will result in better revenue visibility.
timber insudtry in 2001 information remain as main topic in leweko's website ... http://www.leweko.com/our-business ..dear investor wake up...we are in November 2014. ::))
sorry insudtry = industry...:) lets look at remuneration given to directors ... and compare the allocation $...to update the website for investor/shareholder... and last but not least, happy trading tho...
Interesting Chronology: 1. Took over Timber Master listing 2. 2009 Selling plantation business and reported profit 12 millions (http://www.theedgemalaysia.com/home/go-archive/104-business-a-market-2009/3065-leweko-exits-plantation-bi-for-rm36m.html) 3. Price trending south ...low price = 0.13 cents, currently rebound to recent price 0.19 cent 4. Par Value 0.50 cents 5. Company reported losses 6. 30.10.2014 Company proposed a. Capital reduction par value to 0.20 Cents b. Right issue 2:3 and detachable free warrant c. Diversify business to property development
- Is there any issue of mis-management the company/business?, as the simple website regarding important comapny news cannot be updated to investor/shareholder?
How about all investors/stakeholder propose for "directors remuneration reduction" ? coz the company reported loss and unable to sustain shareholder wealth interm of dividen and share price. hehehe
@zoomm based on earlier comp info disclosed, they supposed to have some fantastic building material....that was supposed to drive stock price up.... I don't have insider info.
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....
tpchuayap
855 posts
Posted by tpchuayap > 2014-10-28 08:31 | Report Abuse
Happy trading