Did y’all notice the trend of stock disposals in Bursa? Usually after a share disposal, the price of the stock rises. Probably those disposals keep pushing the price down. Now when its cleared, it moves up again. Director disposing doesn’t mean the company is not good. They need liquidity, so they sell. If company not good, they’ll dump all their shares and leave. Tomorrow won’t be surprised to see Orion top volume.
Forget about director selling. It's nothing. Today t4 and t3. Small down is acceptable. But, don't know la, invisible hand may make it green to celebrate Yahya reducing his stake.
You see my prediction 2 months ago cun cun or not :
Stock: [ORION]: ORION IXL BHD Jan 16, 2019 12:58 PM | Report Abuse
UnicornP Hello my friend moneykj. Thank you for inviting. Though a bit late. Sry ya.. 16/01/2019 11:34 _____________________________________________
Never too late. She is only 10 months baby. When she grow into 20 yo lady, many ham sap lou in i3 like ah plane and musang will come here with no invitation
NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (“EGM”) of Orion IXL Berhad (“Orion” or the “Company”) will be held at Redang Room, Bukit Jalil Golf & Country Resort, Jalan Jalil Perkasa 3, Bukit Jalil, 57000 Kuala Lumpur, Wilayah Persekutuan (KL) on Monday, 15 April 2019 at 9.30 a.m. at or at any adjournment thereof (as the case may be), for the purpose of considering and, if thought fit, passing the following resolution: ORDINARY RESOLUTION 1 PROPOSED PRIVATE PLACEMENT OF UP TO 179,686,900 NEW ORDINARY SHARES IN ORION (“PLACEMENT SHARES”) TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED (“PROPOSED PRIVATE PLACEMENT”) “THAT, subject to and conditional upon the approvals of all relevant authorities and persons (if any), approval be and is hereby given to the Company to increase the share capital of Orion by way of private placement of up to 179,686,900 new Orion Shares, representing approximately 30% of its issued shares, to independent investor(s) to be identified, in one or several tranches, at an issue price for each tranche to be determined and fixed by the Board, which shall be determined later after all the relevant approvals have been obtained. In any event, the issue price shall not be at a discount of more than 10% from the 5-day volume weighted average Orion price of Orion Shares immediately preceding the price-fixing date; THAT, such Placement Shares will, upon allotment and issuance, rank equally with the existing Orion Shares, except that holders of the Placement Shares will not be entitled to any dividends, rights, allotments or other forms of distributions, that may be declared to the shareholders of the Company, which the entitlement date (namely the date as at the close of business on which the shareholders must be registered in order to be entitled to any dividends, rights, allotments or other distributions) is prior to the date of allotment of the Placement Shares; AND THAT, the Board be and is hereby authorised to do all such acts and things that are necessary to give full effect to the Proposed Private Placement with full powers to assent to any conditions, modifications, variations and/or amendments deemed necessary or expedient in the interest of the Company and/or as may be required by the relevant authorities and to take all steps and actions they consider necessary or as may be required to give full effect to and complete the Proposed Private Placement.” BY ORDER OF THE BOARD OF ORION IXL BERHAD Wong Yuet Chyn (MAICSA 7047163) Company Secretary Kuala Lumpur 29 March 2019
I think they really need proceeds of the pp to take up the 10% stake, by slowly cook the price. No overcook like Ucrest end up with no investor willing to accept the pp. I have calculate how far it can go base on how much they can get from the MyAzzahra project. I foresee they will go for more stake in Sukaniaga. I hope they will.
Since some of you relentless trying and mocking, taukeh give you a glimpse of happy moment in the morning. The afternoon session or Monday morning will be real Orion investors session. Then see who laugh who...
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....
huhaha
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Posted by huhaha > 2019-03-27 22:59 | Report Abuse
Name ciaksai, comment ciaksai, history also ciaksai, ciaksai only know question mark ?...huhaha..lol