what happend today? suddently 5% increase, someone jumped in the boat ??. A 5% increase,Thank you so much Lord Almighty.. wish this trend continues as we hope that the worst storm has passed us by. TP at 3.50 in near future, I can see your light at the end of the tunnel :)
@DLuckyGuy,of course sure good one. but bear it mind, dont expect much in the short term and you should hold it through thick and thin. And when the right time comes, this one stock is a beggar!!!
Tq Liausan I am a newbie On ex date is the reference price adjusted? Say one day before ex it closes at 1.00 Does the reference price get adjusted to 1.00 x 4/5 = 0.80? Please advise TQ
Based on my own observation, tomorrow need to stay above 2.44 for it to have chance to reverse up again. If tomorrow and after tomorrow, its price go down below 2.44, for both days, then it may likely to continue going downhill. That's will be no good.
Actually, today it suppose to close at 2.44 (same as yesterday) but someone purposely bought 100 shares at 2.45 at 4.50pm (last trading) in order to end above yesterday's closing price of 2.44. After that, from 4.50pm to 5pm, 2 transactions with total of 6 lots were done. Otherwise if today closed at 2.44, then the candle pattern would be called the Bullish Matching Low, am I right?
Hence, 2.44 should be a good support price and for confirmation, if tomorrow it can breach 2.48, we may see a bullish reversal likely.....
As per RHB Research Team - We attended Oldtown (OTB)’s analyst briefing and visited its new plant in Ipoh yesterday (05/12/13). The new plant is a modern, green building with an annual capacity of 24k tonnes to cater to the group’s expanding business. Going forward, we believe the additional capacity from this FMCG plant will drive OTB’s growth. Maintain BUY, with our FV unchanged at MYR2.90. So, there is still an upside of 45 sen!!
Regard the 25% bonus issue, There will no effect the eps since it capitalize its reserve. Hence, NTA will dilute from 0.8 to 0.6. They just utilize the profit which earned and distribute share to us. Few point that i think is positive, larger share base, ex-price will drop to RM2 which make the share look cheaper. So richnexus, target 2.9 shall factor 25%.
buyback and bonus all need cash... they have a lot of cash... value new bonus per-share will about RM 50,750,000/90,750,000 = RM 0.559. approximately 1/4 of current value of stock...which is it current price for this stock should be more than rm 2.236. after issuing treasury share of bonus... value may be lower to 1.66 - 1.83...perhaps... it just my amateur opinion...
yahoo. year end bull seems to start dah..btw, lets also join us on forum for various stocks listed in USA, Singapore, etc not only Malaysia.. the more the merrier.. http://www.i3investor.com/servlets/stk/3508.jsp
Notice Of Extraordinary General Meeting (EGM) Date of Meeting : 06/01/2014 Time : 10:30 AM
Venue : Impiana Hotel, Ballroom 1 & 2, 18 Jalan Raja Dr Nazrin Shah, 30250 Ipoh, Perak Darul Ridzuan
Description : Proposed Bonus Issue of up to 90,750,000 new ordinary shares of RM1.00 each in the Company (“Oldtown Share(s)” or “Share(s)”) (“Bonus Share(s)”), to be credited as fully paid-up at par, on the basis of one (1) bonus share for every four (4) existing shares held by the entitled shareholders of Oldtown on an entitlement date to be determined later (“Entitlement Date”) (“Proposed Bonus Issue”)
Date of General Meeting Record of Depositors : 27/12/2013
Looks like they just want to attract attention. If not they will give a date to be decide at AGM. Like this looks like at the AGM suddenly did not materialise. Will see when AGM comes.
Today closing price of RM2.40 is already below its price of RM2.48 before the announcement. Hence, it's current price will not be affected even though the bonus issue does not materialize. Its strong support is at RM2.39.
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....
yeechachoon
372 posts
Posted by yeechachoon > 2013-11-07 15:17 | Report Abuse
what happens to u oldtown...keeps on heading south, perhaps u need tongkat ali coffee instead of white coffee for you to be in uptrend