Yes, got private placement so far to buy Mediconstant. Good decision. Bright future. Not right issue, traderman. Study it properly. Don't need to push up, it will naturally up. If it is push, it should be more than 42 cents already.
beza, as i explain above, once bio achieve the eps like caring, the price will be pushed up. to simply say bioh is cheapest pharmacy now, it is bull shit.
It's alright to invest in this counter as it has potential to move up like Pwroot!!! When I first bought Pwroot it was at 50 cents n I sold all recently at more than RM2 n invested all into this counter which I think in time to come will also gives me good rewards. Trade at own risk.
Fermentation for Cordycept sinensis lah, Ayam tua-tua. That makes up about 30% of revenue. Expecting tiger milk mushroom business also contribute this much in future.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BIOALPHA HOLDINGS BERHAD ("BIOALPHA" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 17,718,962 NEW ORDINARY SHARES OF RM0.05 EACH IN BIOALPHA ("BIOALPHA SHARES") REPRESENTING 3.82% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF BIOALPHA ("PRIVATE PLACEMENT") BIOALPHA HOLDINGS BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description
BIOALPHA HOLDINGS BERHAD ("BIOALPHA" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 17,718,962 NEW ORDINARY SHARES OF RM0.05 EACH IN BIOALPHA ("BIOALPHA SHARES") REPRESENTING 3.82% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF BIOALPHA ("PRIVATE PLACEMENT")
We refer to the announcements made on 16 December 2015, 21 December 2015 and 13 January 2016 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of Bioalpha, TA Securities wishes to announce that the Board has on 29 January 2016 fixed the issue price for the placement of 17,718,962 Placement Shares at RM0.330 per Placement Share (“Issue Price”).
The Issue Price represents a discount of RM0.0002 or approximately 0.06% over the five (5)-day volume weighted average market price of the Bioalpha Shares up to and including 28 January 2016 of RM0.3302.
Now it dropped to 0.325 which is lower than the private placement price of 0.330 which is too bad!!! Hope it'll recover soon to attract more investers as it's a good counter with good products to supply to China n the Middle East countries.
Fermentation for Cordycept sinensis also lah through its coffee product (I had tried, very good, effective. To me this is the best coffee compare to Super, Oldtown, Coffeemax etc that I had also tried). That makes up about 30% of revenue. Expecting tiger milk mushroom business also contribute this much in future.
Buy, buy buy....present price now is 33 cents & TP is 65 cents
Bioalpha Holdings
New private placement shares listed today ■ Private placement of 17.7m new shares at RM0.33 was just completed. The shares will be listed today. RM5.8m in funds raised. ■ New funds expected to be used to open new pharmacies nationwide. ■ After share placement, BioA’s net cash rises to RM20.9m or 4 sen/share. New private placement of 17.7m shares completed ● BioAlpha’s (BioA) proposed private placement of 17.7m new shares at RM0.33/share, representing 3.67% of the existing issued share capital, was just completed. The placement raised RM5.8m in funds. The new shares will be listed today, 12 Feb. The issued share base rises from 482.3m to 500m shares. RM20.9m net cash after placement exercise ● As at end-Sep, BioA’s net cash was RM15.1m. With the placement proceeds, net cash rises to RM20.9m or 4 sen net cash per share. We believe the RM5.8m proceeds from the private placement will be used mainly to open new pharmacies in the country. BioA has entered into a 70:30 JV with MyAngkasa (the country’s largest co-op, with 12,000 co-operatives and 8m members) to open up more retail and pharmacy outlets nationwide. Co-op looking at equity participation for pharmacy outlets? ● On average, we estimate one needs around RM1m to open a pharmacy. BioA currently owns 13 pharmacies in Klang Valley after buying the Constant Pharmacy Group. Management has shared with us that they are looking at equity participation from some of the co-operatives that are keen to set up their own pharmacies. BioA can provide the co-operatives management expertise in running a pharmacy. We have not assumed any earnings from this MyAngkasa JV. Promote in-house brands at own pharmacy outlets ● BioA will be able to promote its in-house brands at its own pharmacy outlets. In-house currently contributes 60% of group revenue. In the past, the company listed its inhouse brands at other pharmacies but the listing fee was expensive and it was difficult for BioA’s products to stand out given the many brands and products carried by the pharmacies. Ascending triangle pattern? ● BioA’s daily chart shows a potential bullish ascending triangle formation with resistance at RM0.36. A breakout above RM0.36, supported by strong trading volume, will be positive for the stock. Maintain Add ● We maintain our EPS and target price, based on a 20% premium over the target market P/E and in line with our consumer sector P/E. Potential re-rating catalysts for the stock are stronger-than-expected sales from China and further corporate developments from the MyAngkasa JV.
Ascending triangle pattern? ● BioA’s daily chart shows a potential bullish ascending triangle formation with resistance at RM0.36. A breakout above RM0.36, supported by strong trading volume, will be positive for the stock.
Within this few days director William Hon had already acquired more than 3 millions shares in support of this counter!!! I think something good is coming!!! Trade at own risk.
vinvin Within this few days director William Hon had already acquired more than 3 millions shares in support of this counter!!! I think something good is coming!!! Trade at own risk. 19/02/2016 14:50
It will pick up in price soon, just you wait & see. Everyday I am collecting and not selling at the moment, follow MD lah in collecting.
Will up up up.regarding their staff said company earn a lot money.waiting result coming out. I will "Sai lang" all my saving n borrow money from bank to buy this share on next weeks.
Goof of you friend Kingswood to be so optimistic. With such confidence, I will follow you by buying more tomorrow & follow you to try to 'sai lang" lah as well if I can. So, the next stop is 36 cents & then all the way it will shoot up. Good luck my friend.
Good of you friend Kingswood to be so optimistic. With such confidence, I will follow you by buying more tomorrow & follow you to try to 'sai lang" lah as well if I can. So, the next stop is 36 cents & then all the way it will shoot up. Good luck my friend.
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traderman
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Posted by traderman > 2016-01-19 09:44 | Report Abuse
btw, i know recently bioh plan to have those right issue or private placement bla bla bla thats why they push up their price to attract investor