ayam tua might be lucky, i personally don't think this counter will fly beyond RM0.35, that is beyond goreng, up to you if you want to collect and punt
SYMPHONY HOUSE BERHAD (“SYMPHONY” OR “COMPANY”) PROPOSED REVERSE TAKE-OVER OF SYMPHONY BY RANHILL ENERGY AND RESOURCES BERHAD (“RANHILL ENERGY”), BEING THE ULTIMATE HOLDING COMPANY OF RANHILL GROUP SDN BHD (FORMERLY KNOWN AS RANHILL POWER SDN BHD) (“RANHILL GROUP”) 1. INTRODUCTION On behalf of the Board of Directors of Symphony, CIMB Investment Bank Berhad wishes to announce that the Company has on 26 March 2014 entered into a heads of agreement (“HOA”) with Ranhill Energy for the proposals set out below. Pursuant to the HOA, Symphony and Ranhill Energy have agreed to negotiate exclusively in good faith the detailed terms and conditions of the proposal with the intention to finalise and enter into the relevant definitive agreements within 2 months from the date of the HOA or such other period as the parties may mutually agree upon. 1.1 Proposed Share Consolidation Proposed consolidation of every 10 existing ordinary shares of RM0.10 each in Symphony into 1 ordinary share of RM1.00 each in Symphony (“Symphony Share”) to be undertaken prior to the Proposed Acquisition (as defined below) (“Proposed Share Consolidation”); 1.2 Proposed Acquisition Proposed reverse take-over of Symphony by Ranhill Energy, which entails Symphony acquiring all the equity interest in Ranhill Group and all or substantially all of its subsidiaries for a purchase consideration to be determined and to be satisfied by the issuance of new Symphony Shares after the Proposed Share Consolidation at an issue price of RM1.50 per Symphony Share (“Consideration Shares”) (“Proposed Acquisition”); 1.3 Proposed Exemption Proposed exemption for Ranhill Energy, its shareholders
is confirm they will call for rights issue, as I said, i value max of this company is 30cents, beyond 30 cents is goreng, beyond 35 is beyond goreng, u guys don wan to listen wanna buy, later kena shot don't cry
Ranhill in the previous aborted exercise wanted to raise RM750 million. The issuance of new symphony shares after consolidation assuming 1 for 1 at RM1.50 would not raise the amount of RM750 million needed by Ranhill. So you can imagine how much will Symphony price go.
nagachan Ranhill in the previous aborted exercise wanted to raise RM750 million. The issuance of new symphony shares after consolidation assuming 1 for 1 at RM1.50 would not raise the amount of RM750 million needed by Ranhill. So you can imagine how much will Symphony price go.
-- what TP?
based on forummer here
some say RM1.20... some say 0.30 etc so what TP any ideas? projections? fairy tales stories etc etc to share?
tomolo will be another good day because today more buyers than sellers.. i m not greedy.. my target only RM0.50.. not RM1 or RM1.20.. and i think it will be within this week.. haha..
aiyoo people .. when so serious? relax lah .. if tomorow down or up.. AyamTua not the one control your hands and button .. own decision lah ... if sure up, hold .. not sure? buy NTPM! kikikiki .. relax lah ..
hopefully whole week will be a vroom vroom week! kkiki today 0.025.. tomorrow .. next day.. the higher it goes the more merrier this bandwagon will be ! ha... ha.. ha...
dont forget buy NTPM! keep some of your SYMPHONY winning there! why NTPM? a fundamental dividend paying counter! Malaysia No.1 tissue of choice - the whole world facing armageddon ? rest assure, NTPM will always be there in your toilet! NTPM wiping 27m assess daily!
ayamtua will hold tight tight till name change to RANHILL ENERGY!
ok let imagine something
VCD PART 1: SYMPHONY (before RTO)
1. before RTO ... 0.150 then move to this price range in matter of week! 2. before moving to 0.250 - some people say "no dont buy expensive! dont be a fool!" 3. after breaking 0.310 - all people whoa! 4. then drop 0.295 - why?
TP: 0.05 - till now ..
VCD PART 2: RANHILL ENERGY (after RTO)
1. after RTO - cosolidation 10:1 ... then 0.150 - then scream buy buy buy! 2. announcements/quaterly rep: price slump? aiyaa itu rugi, ini rugi .. no cash flow, business not sustainable lah etc .. "no petronas license lah" etc etc "who ask you to buy lah" "beleieve me! i am correct lah" etc etc 3. future coverage by reseach house: price slump / price up ... "apa punya ebitda/eps / fair value lah". "graham bet bet tak kena lah" , "ikan lah udang lah" "must be patient lah ha.. ha.. ha
TP: 0.150-0.700
conclusion: we havent come to VCD part 2 yet dont worry!
by assuming you loose when price slumped .. dont worry technically, the money not yet loose! The counter we invested/punted keep it! many ways can gain back with round one and round two!
remember Ranhil 40% is oil and gas - fast moving! either u or down Ranhill 60% water biz! both water and oil like jelly beans on ice creams toppings!
if sure? if want to test till RTO completion - hold not sure? invest in fundamental like NTPM! the future of personal care industry! want cheap alternative? follow Fortunebull Train! ASIAPAC
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....
zzzzz
1,894 posts
Posted by zzzzz > 2014-04-08 16:42 | Report Abuse
I have sold mine RM0.305.... good luck for those still holding