Compare to Slvest qr, Slvest perform better. Sunview June vs March qr, perform badly interm of net profit. This means the share will be perform badly the next few days.
Renewable energy player Sunview Group Bhd has planned a private placement to raise an estimated RM39.31 million to fund its engineering, procurement, construction and commissioning projects. The placement entails the issuance of up to 46.8 million new shares — representing 10% of Sunview’s issued shares — to independent investors at an issue price to be determined. The group said the assumed price of 84 sen represents a discount of 9.87% to the five-day volume weighted average market price of Sunview’s shares up to the latest practicable date of 93.20 sen. THE EDGE
How is sunview, good or no good. Or is it the QR problem or the management hired some writer to write target 1.35 and later MIDH 1.48. These target probably will achieve 2024????
As observed, there was really something happening around the 0.76 sen region. Now that this is settled, get ready for lift off?
Reference is made to the Company’s announcements dated 30 August 2023 and 26 September 2023 in relation to the Proposed Private Placement.
On behalf of the Board, Alliance Islamic Bank Berhad (“AIS”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 12 October 2023, approved the listing and quotation of up to 46,800,000 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:
1. Sunview and AIS must fully comply with the relevant provisions under the ACE Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;
2. Sunview and AIS to inform Bursa Securities upon the completion of the Proposed Private Placement; and
3. Sunview to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.
Hope for a breakout soon 1) Based on latest press releases on Sunview, expecting high earnings in the coming quarters, with the high order book 2) 78.6% retracement in the latest trading range 3) looking like a downward wedge pattern formed with reducing volumes. Awaiting breakout with big volume for confirmation of reversal 4) Bullish divergence 5) Very low volatility Hold on and wait for the sharks to start swimming upstream. Good luck !
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 !
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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....
OppenHermes
90 posts
Posted by OppenHermes > 2023-08-17 14:48 | Report Abuse
Q1FY2024 will be announced this month?