Recall that loss-making computerised maintenance management system provider Orion IXL is expected to return to the black with the proposed acquisition of privately held ASAP, which is estimated to be completed by August or September this year. The acquisition comes with a profit guarantee of RM7.5 million per year, for two years.
The proposed acquisition of ASAP for RM73 million and rights issue with warrants to raise estimated proceeds of RM79.2 million to fund the acquisition have been approved in the group's extraordinary general meeting held on May 30 this year.
Low price high volume. UPTREND You are right mr Edwardong53 Rights issue price was RM0.17 and it shd move up very soon to above it..so thats the point is.
19-Oct-2017 Insider Notice of ceasing to be substantial holder - WINNOVA RESOURCES SDN BHD on 12-Oct-2017. 19-Oct-2017 Insider Notice of ceasing to be substantial holder - MR ABDUL RANI BIN ACHMED ABDULLAH on 12-Oct-2017. 19-Oct-2017 Insider ENCIK YAHYA BIN RAZALI (a substantial shareholder) disposed 5,700,000 shares on 17-Oct-2017. 19-Oct-2017 Insider ENCIK YAHYA BIN RAZALI (a substantial shareholder) disposed 14,300,000 shares on 16-Oct-2017. 19-Oct-2017 Insider ENCIK ABDUL RANI BIN ACHMED ABDULLAH (a company director) disposed 27,906,300 shares on 12-Oct-2017. 19-Oct-2017 Insider ENCIK ABDUL RANI BIN ACHMED ABDULLAH (a company director) disposed 38,000,000 shares on 12-Oct-2017. http://klse.i3investor.com/servlets/forum/800000092.jsp
ilovehits Let's say ASAP contributes RM7.5 mil a year to ORION. Based on 589,956,390 total shares, TP should be like that.
$0.125 based on 10 PE ratio. $0.190 based on 15 PE ratio. $0.250 based on 20 PE ratio. $0.375 based on 30 PE ratio.
Actually technology stocks deserve how many PE ratio. Guess yourself. Here is ASAP's historical financial information from 2013 to 2015 but couldn't find 2016 or latest.
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....
fl888
7,750 posts
Posted by fl888 > 2017-10-16 16:17 | Report Abuse
TP 13 for support only...