Investorbat, this counter is not loosing money! Last few years some of their product expired and got to write off! Geely orders came in and their factory cannot cope with the orders! New Onwer will inject steel business soon!!! Hold on tight! Going to the moon soon.
Jw yap, don’t think it will limit up again today, project won’t come in so soon, it will stay above 1.10 - 1.50 for few months, wait for the good news then it will fly, they may issue rights or bonus if the share price goes up a lot!
Its market cap currently at $90mil only 1/12 vs its Sister company (PMBtech). My memory serve me not wrong, Pmbtec has been enjoying impulsively appreciation of share capital gain for at least 3 years continuously by 300% a year.
Thus, the magnitude for Paragon to drive up at least by $250mil Market cap as easy as lifting a finger . Going to love this Paragon badly .
The # 3 BEST is NEW.OWNER.PLAY ... a NEW MONEY printing machine ... PARAGON : its NEW.OWNER has yet to show his muscles like we saw in euro, kpower, scib last yr till Jan 2021 with BI play. euro is # 1 greatest stock in msia up 38 X in 9 months from 15 sen on April 1st, 2020 to 576 sen on Jan 15th 2021.
UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY AKK CAPITAL SDN BHD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN PARAGON UNION BERHAD (EXCLUDING TREASURY SHARES) NOT ALREADY OWNED BY THE OFFEROR AND ULTIMATE OFFEROR (“OFFER SHARES”) FOR A CASH OFFER PRICE OF RM0.55 FOR EACH OFFER SHARE (“OFFER”)
I think boss will sapu from open market all the way above 70% shareholding because no one sell him 0.55.Another 10% or roughly 7mil shares to go,with higher % he could reap more benefits from Paragon if he insist to inject value asset
Paragon is 99% similar to Euro,big gun wants to buy to inject business,market cap for Euro now is $3.2 bil,take 20% is around 600mil,Paragon may go to 600 mil cap which is around $8.Euro gave 2 to 1 bonus issue,i think Paragon will do also since the shares is only 70mil very inliquid.
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MQ Trader 2948 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
investorbat
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Posted by investorbat > 2021-01-25 19:23 | Report Abuse
Why new owner, son of Press Metal major shareholder wants to spend $35mil buying a loss making carpet company? Business into Paragon?