When your stock is an extremely hot industry, with high earnings visibility in the next few years, and you sell a big chunk of your shares? Additionally, you’re in the midst of a placement? hahaha…more than meets the eye. In any case, timelines is up to them, so be patient ! Good luck !
As I mentioned in the mnholdings forum when it was roughly 30 cents, it’s about forward earnings. All it takes is one very good quarter to kick it off and a promise of similar quarters ahead, and we’ll have lift off.
Mnholdings is now 0.455 btw. And HLIB has a fair value of 0.59 for it.
Back to Sunview, the following is an excerpt from a recent article, which I will attach.
“ The research firm noted that at RM472.7mil, Sunview’s unbilled order book is among the highest among its peers. Its jobs are made up mainly of large-scale solar projects, most of which would be completed by FY24 ending March”
I hope sunview doesn’t move yet, because I’m still waiting for mnholdings to move further before I transfer more over. I want to collect cheap prices as it is now ! Already transferred one batch last week.
KUALA LUMPUR (Nov 16): Sunview Group Bhd, which made its ACE Market debut in October last year, has proposed to issue up to 73.55 million new shares to identified Bumiputera investors, in order to comply with Bursa Malaysia's listing requirements.
In a Bursa Malaysia filing on Thursday, the renewable energy group said it is expected to comply with Bursa's Bumiputera equity condition by March 31, 2024, as it has met the profit requirement for companies seeking listing on the Main Market of Bursa Securities, based on its audited profit after tax of RM13.01 million for the financial year ended March 31, 2023 (FY2023).
Under the condition set by the local bourse, Sunview is required to allocate 12.50% of its enlarged issued share capital to Bumiputera investors to be approved or recognised by the Ministry of Investment, Trade and Industry within one year after achieving the profit requirement for companies seeking listing on the Main Market of Bursa Securities.
At an issuance price of 66 sen per share, the new share issuance is expected to raise about RM48.54 million. The group intends to use the proceeds to finance its working capital.
The proposed issuance is expected to be completed by the first quarter of next year.
“the renewable energy group said it is expected to comply with Bursa's Bumiputera equity condition by March 31, 2024, as it has met the profit requirement for companies seeking listing on the Main Market of Bursa Securities”
When first public listed 2022-06, Revenue RM31.5 million can make profit RM1.8M, now Revenue RM204m, only can make RM1.4m, what a joke! Secondly, New issue 73.55million share volume, Director also busy selling share when share price goreng up. RUN before too late.
The government will soon open up bids for Malaysia’s fifth large-scale solar (LSS) photovoltaic programme, with a quota of up to 2GW of which a developer can bid for up to 500MW
hi semua.. paktua back swing on new born stock.. paktua now play new born counter.. let joined paktua on good hot new born stock..
paktua back pick new hot counter for march till june..
so paktua n team we will focus on 1-Mtec paktua target minimum rm1.25 (main target rm1.43) 2-KJTS paktua target rm0.93 3-Hegroup Paktua target rm0.70 4-Zantat paktua target rm0.70
set from 21hb march 24.till 7hb june 24..
come joined paktua Swing team.. let we fight together
tut tut come joined paktua swing team.. sent request at tele @swingdarkred73
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....
frank74
399 posts
Posted by frank74 > 2023-10-26 23:11 | Report Abuse
When your stock is an extremely hot industry, with high earnings visibility in the next few years, and you sell a big chunk of your shares? Additionally, you’re in the midst of a placement? hahaha…more than meets the eye. In any case, timelines is up to them, so be patient ! Good luck !