OCK GROUP BERHAD

KLSE (MYR): OCK (0172)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.58

Today's Change

+0.015 (2.65%)

Day's Change

0.57 - 0.58

Trading Volume

1,637,400


19 people like this.

10,834 comment(s). Last comment by damansaraeagle 1 week ago

aiman168

799 posts

Posted by aiman168 > 2014-05-28 09:46 | Report Abuse

good news coming soon

Shacks

1,542 posts

Posted by Shacks > 2014-05-28 09:55 | Report Abuse

@aiman168, glad to hear that.

zoomboom

2,168 posts

Posted by zoomboom > 2014-05-28 10:10 | Report Abuse

Orang Cepat Kaya
Orang Cakap Kosong

wow. two ends of the extreme. very creative. :-)

Shacks

1,542 posts

Posted by Shacks > 2014-05-28 13:06 | Report Abuse

Anyone with any news on today AGM?

Posted by buyvaluestocks > 2014-05-28 13:20 | Report Abuse

Can anyone update on the AGM please, no news is bad news or reverse. .haha

Dakewlest

1,754 posts

Posted by Dakewlest > 2014-05-28 13:20 | Report Abuse

Sunyi je...

Shacks

1,542 posts

Posted by Shacks > 2014-05-28 13:29 | Report Abuse

Waiting for the news on approval for BI and transfer to main board.

ecwh

117 posts

Posted by ecwh > 2014-05-28 14:09 | Report Abuse

no show today ?

zack_liza

1,560 posts

Posted by zack_liza > 2014-05-28 16:33 | Report Abuse

better buy this week, confirm next week 1.42 and below tiada harapan untuk anda membelinya... last call for ock to buy this week before fly at 1.48 and above next week..

Shacks

1,542 posts

Posted by Shacks > 2014-05-28 18:59 | Report Abuse

Fuh... semangat betul... :D

Livinia

512 posts

Posted by Livinia > 2014-05-28 19:37 | Report Abuse

shacks, all ock holder memangsemangat kuat,ock ock ock ock

Shacks

1,542 posts

Posted by Shacks > 2014-05-28 21:24 | Report Abuse

Cantiklah!! These positive vibes sure attracts lotsa money to us!!

Joel

4,580 posts

Posted by Joel > 2014-05-28 21:33 | Report Abuse

will be go up by tomorrow .

eddyng3300

116 posts

Posted by eddyng3300 > 2014-05-28 21:38 | Report Abuse

very good!!!

WXGWXW

172 posts

Posted by WXGWXW > 2014-05-28 22:34 | Report Abuse

itu AGM ada ajenda tak ? sunyi lo

Shacks

1,542 posts

Posted by Shacks > 2014-05-28 22:43 | Report Abuse

All proposal approved... AGM and EGM result announced d.

zack_liza

1,560 posts

Posted by zack_liza > 2014-05-29 09:16 | Report Abuse

mari..mari beli ini kaunter....jangan takut...next week will fly.....baik punya...best buy at 1.45 and below for today...

Shacks

1,542 posts

Posted by Shacks > 2014-05-29 09:18 | Report Abuse

lelong time over... Rocket is ready to launch!!!

We have to be strong and hold until it reach the TP... selling it will not help.

zack_liza

1,560 posts

Posted by zack_liza > 2014-05-29 09:21 | Report Abuse

1.48 today also can reach.....

matrix6050

1,265 posts

Posted by matrix6050 > 2014-05-29 09:49 | Report Abuse

cantik :)

aiman168

799 posts

Posted by aiman168 > 2014-05-29 09:49 | Report Abuse

sepuloh hinggit ...

Jeffyap

281 posts

Posted by Jeffyap > 2014-05-29 10:01 | Report Abuse

going to break new high record again! the momentum is here!

Shacks

1,542 posts

Posted by Shacks > 2014-05-29 11:14 | Report Abuse

no oomph edi wor... stopped at 1.44 for about an hour d.

WXGWXW

172 posts

Posted by WXGWXW > 2014-05-29 11:45 | Report Abuse

is private placement (with privilage to LTAT) a gud news here ? sori to ask stupiq Q

stww

5 posts

Posted by stww > 2014-05-29 12:20 | Report Abuse

International insurer n asset mgt firms keen on ock private placement ---- +ve for ock mgt. cheers.

Shacks

1,542 posts

Posted by Shacks > 2014-05-29 13:44 | Report Abuse

Another stupid question: Is the 20% for the private placement part of the number of shares in public market, or they will issue extra 20% of the current numbers of share?

nch218

573 posts

Posted by nch218 > 2014-05-29 15:36 | Report Abuse

Definition of 'Private Placement'

The sale of securities to a relatively small number of select investors as a way of raising capital. Investors involved in private placements are usually large banks, mutual funds, insurance companies and pension funds. Private placement is the opposite of a public issue, in which securities are made available for sale on the open market.

Thus, new capital inject into the company for future growth...next target 1.50, 1.8, 2.00

Shacks

1,542 posts

Posted by Shacks > 2014-05-29 16:01 | Report Abuse

Yes. So the 20% of the share to sell to the "selected investors" is taken from the total of existing issued which is available from the market now?

nch218

573 posts

Posted by nch218 > 2014-05-29 16:20 | Report Abuse

depends on the arrangement with selected investors..maybe new or from available shares...

Shacks

1,542 posts

Posted by Shacks > 2014-05-29 16:23 | Report Abuse

noted and understood. Thank you very much for your explanation.

up_up_up

616 posts

Posted by up_up_up > 2014-05-29 16:27 | Report Abuse

Shacks , they are new shares hence do expect EPS dilution.

Check section 2 of this announcement : http://www.bursamalaysia.com/market/listed-companies/company-announcements/1619733

For illustrative purposes, based on the issued and paid-up share capital of OCK as at the LPD of RM28,490,000 comprising 284,900,000 OCK Shares and assuming the 10,227,272 OCK Shares pursuant to the Proposed Acquisition are issued prior to the implementation of the Proposed Private Placement, a total of up to 59,025,454 NEW OCK Shares, representing 20% of the enlarged issued and paid-up share capital of OCK, may be issued pursuant to the Proposed Private Placement.

Shacks

1,542 posts

Posted by Shacks > 2014-05-29 17:28 | Report Abuse

yes, If new shares, then current price will be affected. This is what I wanna know.

So, there'll be opportunity to buy cheap again. :p

Very big thank you to nch218 and up_up_up for taking the trouble to clarify my query.

nch218

573 posts

Posted by nch218 > 2014-05-29 17:32 | Report Abuse

Shacks, you r welcome. I hope to see OCK price when move to main board. That time most of the Fund Manager / In-house inv team will eye on it as still got listed company's investment policy not allow to invest in ACE market, no matter how good is the stock...

Shacks

1,542 posts

Posted by Shacks > 2014-05-29 17:44 | Report Abuse

yes, I'm looking forward to see that happens too. Hopefully it will not be long... Most probably in 6 months time. Then, the sky the limit.

Very happy that this counter closed high today...

up_up_up

616 posts

Posted by up_up_up > 2014-05-29 19:02 | Report Abuse

Good start for first quarter ;-)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1640545

sengkee

2,060 posts

Posted by sengkee > 2014-05-29 19:09 | Report Abuse

NTA is only 0.29 now. But the share price is 1.43 now. 20% new shares to be issued through private placement.

Relax

83 posts

Posted by Relax > 2014-05-29 19:39 | Report Abuse

Profit rose 41%...bolih tahan OCK...Per the earlier announcement , BI & transfer to Main board shud complete by Qtr 4 ie by Dec 2014...Cheers....

Relax

83 posts

Posted by Relax > 2014-05-29 19:47 | Report Abuse

Ooooh....sudah announced PP price RM1.30 close to my anticipation price...about 8% discount .

On behalf of the Board, RHBIB wishes to announce that the Board has fixed an issue price of RM1.30 for each new ordinary share of RM0.10 each in OCK ("OCK Share(s)") ("Placement Share(s)") for the first tranche of the Private Placement comprising of 28,490,000 Placement Shares, representing 10% of the issued and paid-up share capital of OCK as at 29 May 2014.

The issue price represents a discount of approximately 7.80% to the five (5)-day weighted average market price of OCK Shares up to and including 28 May 2014 of RM1.41.
The Board is currently identifying suitable placees for the remaining Placement Shares pursuant to the Private Placement. The relevant announcements for the remaining Placement Shares shall be made in due course.

Shacks

1,542 posts

Posted by Shacks > 2014-05-29 20:45 | Report Abuse

Please correct me if I'm wrong.

After the PP, the value of this stock shall be at 1.41 per unit?

Relax

83 posts

Posted by Relax > 2014-05-29 21:41 | Report Abuse

Shacks...the price offered to LTAT and potential investor is RM1.30. However, these shares are not entitle for bonus issues. When they are approved into market...later.Logically it will pull down the share price I wud think. Nobody really know how much it will be..but we shall be safe with the +ve Qtr Result ,Bonus Issue etc for now. Bear in mind we have market votaility to bear with along the way...

Joel

4,580 posts

Posted by Joel > 2014-05-29 21:48 | Report Abuse

I got 10 lots OCK ( 10,000 units share )
After Bonus Issue, 2:1 ( Beli 2 lots = percuma 1 lot )
Is that I will have 15 lots OCK ?

Relax

83 posts

Posted by Relax > 2014-05-29 21:57 | Report Abuse

Joel,Yes...that's correct. The price then will be adjusted after ex-date..
Say for eg..if the price is RM2.00 b4 bonus and after bonus will be RM1.33 and the trade price continues from there...and u will have 50% more shares with u.

WXGWXW

172 posts

Posted by WXGWXW > 2014-05-29 22:26 | Report Abuse

Joel. u mean there was announcement on bonus issue ?

Shacks

1,542 posts

Posted by Shacks > 2014-05-29 22:55 | Report Abuse

Relax, thanks for ur clarification. I did not include the BI into account yet. 1.41 is based on the 20% of the current issued shares.

WXGWXW, the proposal for the BI is approved. So, can expect OCK to announce it in d near future.

WXGWXW

172 posts

Posted by WXGWXW > 2014-05-30 05:34 | Report Abuse

Thanks Shacks for gud news.

aiman168

799 posts

Posted by aiman168 > 2014-05-30 09:50 | Report Abuse

good news q good, jatuh jugak

johnny cash

6,400 posts

Posted by johnny cash > 2014-05-30 09:56 | Report Abuse

OCK Group (OCK MK)
Technical BUY with +15.2% potential return
Last price : RM1.43
Target Price : RM1.52, RM1.64
Support : RM1.39
Stop-loss: RM1.37
BUY with a target price of RM1.64 with stop
loss placed below RM1.37. OCK’s share price
retraced from the recent high of RM1.52 before
rebounding off the immediate support level of
RM1.39 as the share price formed a bullish
reversal pattern of “matching low”. OCK has
continued recovering in the past 2 days along
the rising trendline. With the bullish crossover
in Stochastic suggesting an improving
momentum, we expect OCK to climb along the
trendline and resume its previous bullish run.
Moving forward, we expect OCK to retest the
previous high of RM1.52 which, if breached,
should pave the way toward our medium-term
target at the 1.38x Fibonacci extension level of
RM1.64.

Joel

4,580 posts

Posted by Joel > 2014-05-30 11:03 | Report Abuse

I WILL KEEP AND HOLD IT .

Post a Comment
Market Buzz