Continuous up normally lasts 9-10 trading days. Now is 7th day. Should peak temporarily next Tuesday with strong gains from tomorrow. Let's see if it materialized.
3 possible reasons: 1) He was asked to dispose/reduce his stake prior to boardroom changes and promised disposal price within 0.45-0.50. 2) Allow new investors/major shareholders to buy his stake. That's why price did not drop. Problem is we don't know who if it is less than 5% until next year's annual report. 3) For his new business venture after resignation.
For those thinking this is a purely goreng counter or pump & dump, the price has rallied from 0.105 at end 2016 till now. It would be foolish for syndicates to goreng or pump & dump a counter for 9 months. And there is still no sign of correction yet.
Her Chor Siong actually mentioned that Cuscapi is looking to acquire some kind of retail business by end of this year if you read the news on Cuscapi after they announced the Q2 few months back. Now, which retail chain would they acquire? Why? How does this benefit Cuscapi as an e-solution company?
Haiyooo..: bosses sekalian, no need so troublesome la. Come support eforce with me first Lo.... when cus retreated then only u come back here loooo... good plan. ? Heheheh..::: don’t say I bo jioooo u all ohhhh
KUALA LUMPUR: Tan Sri Khoo Kay Peng, who controls Malayan United Industries Bhd (MUI), is believed to have received a fresh offer for his stake in the asset rich company.
His flagship, MUI controls no less than four other listed companies in and outside the country and has a slew of properties that are undervalued in its books.
A large amount of the properties are in Kuala Lumpur and London and they are believed to hold huge development potential.
The 78-year Khoo has a 47.58% stake in MUI, which in turn has substantial stakes in three other listed companies that are involved in activities from hotel to food manufacturing and financial services.
MUI has a presence in the home deco, fashion and retail segments through Metrojaya and its 35.17% associate, Laura Ashley Ltd that is listed in the UK.
“A strong local personality is keen on the takeover and has hired financial advisory firms to approach Khoo who has been out of the public limelight for several years now,” said a source.
The counter gained 4.08%, or one sen to 25.5 sen, its highest since April. More than 34.39 million shares had changed hands so far, making it the third most traded counter.
The net asset per share is almost 26 sen. However the market value does not reflect the large amount of properties and listed companies under MUI.
Also, sources said that considering Khoo’s block is a substantial controlling stake, it has a premium over the market price.
Several notable names have appeared on its shareholders list, probably on seeing the value in MUI.
Among them is Wong Thean Soon, better known as TS Wong. MUI’s annual report showed that Wong has a smallish stake of less than 1% in the company.
Wong is well known for his position as the managing director and single largest shareholder of MyEG Services Bhd.
Another notable shareholder is Datuk Jayakumar Paneer Selvam, who is also an investor said to be linked to Wong.
glad that u r well boss secret !!! heheh... i entered 'some' mui this morning.... eforce of course top up some yesterday looo.. hehehe.. cus wise,,, sapport some anak anak.... dunno i will become sxhai or not la. hahahahahah
Additional Listing Announcement 10 Nov 2017, 13:05 Additional Listing Announcement 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : ESOS Details of corporate proposal : EMPLOYEES' SHARE OPTION SCHEME No. of shares issued under this corporate proposal : 1,928,050 Issue price per share ($$) : 0.2400 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 489,728,606 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 55,744,469.740 Listing Date : 13/11/2017 2. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : ESOS Details of corporate proposal : EMPLOYEES' SHARE OPTION SCHEME No. of shares issued under this corporate proposal : 10,721 Issue price per share ($$) : 0.3000 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 489,739,327 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 55,747,686.040 Listing Date : 13/11/2017 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
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....
Jeremiah Bizz
136 posts
Posted by Jeremiah Bizz > 2017-11-09 16:24 | Report Abuse
Noted bro dxbman.....but sorry I am really a noob...taking position means ?