Unusual Market Activity Unusual Market ActivityILC-14032016-00007Bursa Malaysia Securities Berhad has on 14 March 2016 issued an UMA query forthe sharp rise in trading volume of SMTRACK's shares today. In this respect,investors are advised to take note of the Company?s reply to the above UMAquery which will be posted at Bursa Malaysia?s website under the companyannouncements,http://www.bursamalaysia.com/market/listed-companies/company-announcements/when' target='_blank'>http://www.bursamalaysia.com/market/listed-companies/company-announcements/when making their investment decision. The contents of the UMA query is asfollows:- We draw your attention to the sharp rise in trading volume ofSMTRACK's shares today("trading activity"). In light of the above and in orderfor investors to be able to make informed investment decisions, you arerequested to respond, after making due enquiry with your directors, majorshareholders and such other relevant persons, to the following queriesimmediately for public release in accordance with Rule 9.11 of ACE MarketListing Requirements ("LR"):- 1. whether there is any corporate developmentrelating to your Group?s business and affairs that has not been previouslyannounced that may account for the trading activity including those in thestage of negotiation/discussion. If yes, kindly provide the details includingstatus of the corporate development to enable investors to make informedinvestment decision; 2. whether there is any rumour or report concerning thebusiness and affairs of the Group that may account for the trading activity andin this respect, you are required to comply with Rules 9.09 and 9.10 of the LR;3. whether you are aware of any other possible explanation to account for thetrading activity; and 4. whether you are in compliance with the LR, inparticular Rule 9.03 of the LR on immediate disclosure obligations. Please notethat the contents of the announcement must be endorsed by the Board ofDirectors of the Company and the announcement must reach Bursa Securitiesimmediately via Bursa LINK.Vice President, IssuersYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
This counter can only survive if it is doing a viable business.... anyone can tell me where i can get hold of its annual report ? Most listed companies can google the annual report but this counter cannot ?
I have read the AR report, company loss money last year..... thanks 1gushen, can get AR from bursamalaysia. Read yourself. Agree with Kc Choy... pure speculators chasing in the midst of a mini bull... ( also many people buying penny stocks to make fast bucks) Risk= rewards ? or Get Burnt (goring pisang) ? you decide...
It used to be the calm before the storm. At the volume that is being traded it was a perfect move to create a panic selling situation , and the beauty is someone is picking it dirt cheap. Of course it is UMA , but this counter will be a classic case to study in business school. After the storm, wait for the Tsunami. In common parlance reverse psychology . Good luck folks .
minahkarant It used to be the calm before the storm. At the volume that is being traded it was a perfect move to create a panic selling situation , and the beauty is someone is picking it dirt cheap. Of course it is UMA , but this counter will be a classic case to study in business school. After the storm, wait for the Tsunami. In common parlance reverse psychology .
We refer to the announcements made on 10 March 2016 and 16 March 2016 in relation to the Proposed Joint Venture (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
The Board wishes to provide the additional information as set out below: 1.The estimated total development cost of the Development Project is RM27.30 million. 2.The estimated profit before tax to be derived from the Joint Venture is approximately RM3.80 million. Based on the JVA, SMTrack expects to receive 50% of the total estimated profit, which is equivalent to RM1.90 million. 3.The Working Capital Contribution was arrived at after taking into consideration the estimated additional working capital requirements of the Development Project and the estimated profits to be derived from the Joint Venture. The Working Capital Contribution will be made in cash as and when required by the Joint Venture. 4.The highest percentage ratio applicable to the Joint Venture pursuant to paragraph 10.02(g) of the Listing Requirements is 24.47%, based on the Working Capital Contribution compared with the audited net assets of the SMTrack Group based on the latest audited consolidated financial statements of SMTrack for the FYE 31 March 2015.
SMTrack inks MoU with German firm for SEA distribution
Published by The Edge at 2016-03-21 18:57:58
KUALA LUMPUR (March 21): SMTrack Bhd has inked a memorandum of understanding (MoU) with Proemion GMBH to obtain the right to distribute the latter's products within Southeast Asia.
Proemion, a company incorporated and based in Germany, is an international supplier of telematics systems and CAN-Bus system components.
In a bourse filing today, SMTrack said the MoU is part of its plan to venture into new business activities abroad and thus, enhance its operations and revenue, adding that Proemion's business is also in line with SMTrack's, especially in the tracking system.
"The rationale for entering into the MoU is to leverage on the growth in Southeast Asia market, mainly in the plantation and food base, with wide usage of machineries and equipment, which in turn will provide huge market potential [to] PROEMION's products and services," said SMTrack.
The radio frequency identification (RFID) solution specialist added that it will benefit from the expertise and technical know-how of Proemion as it is an established company with more than 20 years' experience.
Under the MoU, aside from the right to marketing and distributing the products in Southeast Asia, including the provision of after-sales and consulting services, SMTrack shall be responsible for the installation of all service centres to monitor vehicle and machinery locations, as well as the setting up of the requisite data centre.
In return, Proemion shall supply the products and services to SMTrack, which are to fulfil SMTrack's orders and service requirements from its customers.
Proemion shall also provide all technical support and assistance, and training necessary to SMTrack's staffs to sell, operate and maintain Proemion's products with reasonable care and skill.
Shares in SMTrack closed lower by 0.5 sen or 6.25% at its three-month low of 7.5 sen today, valuing it at RM25.58 million.
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....
j450n
450 posts
Posted by j450n > 2016-02-19 10:47 | Report Abuse
this counter no movement....