Agreed with 4u2c, today will show another increase...Tech Analysis show MACD, RSI , DMI and Sto SLOW in right pace... get ready.. (trade at your own risk)
daya moving out of the consolidation zone. with all the bad news behind Management is positive on this year earnings. maybe time to have a relook at this counter. happy trading
yesterday buying volume few times much more than the selling volume, up 1 cent, today selling volume just twice as much of buying volume but already dropped 1 cent, do u think its bottom yet?
strong & stubborn resistance at 0.340. Anyway have faith & strong gut feeling that Daya will break this resistance very soon. Opportunity knocks but once. Hold this tight tight
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS DAYADAYA MATERIALS BERHAD (“DMB” OR “COMPANY”) - PROPOSED DISPOSAL OF 2,400,000 ORDINARY SHARES OF RM1.00 EACH IN DAYA CMT SDN. BHD.(“DCMT”) (“SALE SHARES”) TO PERFECT PROPEL SDN. BHD. (“PURCHASER”) FOR A TOTAL CASH CONSIDERATION OF RM18,000,000.00 (“PROPOSED DISPOSAL”)
DAYA MATERIALS BERHAD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description DAYADAYA MATERIALS BERHAD (“DMB” OR “COMPANY”) - PROPOSED DISPOSAL OF 2,400,000 ORDINARY SHARES OF RM1.00 EACH IN DAYA CMT SDN. BHD.(“DCMT”) (“SALE SHARES”) TO PERFECT PROPEL SDN. BHD. (“PURCHASER”) FOR A TOTAL CASH CONSIDERATION OF RM18,000,000.00 (“PROPOSED DISPOSAL”)
Attachments
DMB-Announcement (Disposal of DCMT).pdf 344 KB
Announcement Info Company Name DAYA MATERIALS BERHAD Stock Name DAYA Date Announced 28 Apr 2014 Category General Announcement Reference No CC-140428-D5818
DAYA MATERIALS BERHAD - Gradually Getting Out Of Construction Date: 29/04/2014
Source : PUBLIC BANK Stock : DAYA Price Target : 0.43 | Price Call : BUY Last Price : 0.33 | Upside/Downside : +0.10 (30.30%)
Back
Daya Materials Berhad (Daya) has announced a proposed Share Sale Agreement (SSA) with Perfect Propel Sdn. Bhd. to dispose 2,400,000 ordinary shares of Daya CMT Sdn. Bhd. (DCMT) (Daya’s wholly-owned subsidiary) for a cash consideration of RM18m. Representing a 30% of the issued and paid-up share capital of DCMT, upon the completion of the proposed disposal, DCMT will become a 70%-owned subsidiary of Daya. Unsurprised by the exercise as it has been discussed as part of the Group’s executive strategic initiative for DCMT, we believe this exercise is in line with Daya’s overall objective of focusing its resources in the oil and gas segment.
DCMT. Provides industrial facilities management including builder works, facility operation and maintenance services, upgrade, retrofit, design and build plant facilities.
Disposal consideration. Factors include i) including a premium of RM4.4m, ii) PE of <6x, iii) agreement by Daya to guarantee that DCMT would achieve guaranteed PAT of RM10m for FYE14 and RM12m for FYE15, iv) strategic nature of Perfect Propel and its future consideration to the construction business of DCMT.
Utilisation of proceeds. Daya will be using the RM18m cash proceeds for its working capital within 6 months from receiving the proceeds. The Group’s general working capital requirements include operating expenses, which include purchase of raw materials as well as repayment of trade and other payables.
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....
helenhew
10 posts
Posted by helenhew > 2014-04-22 22:15 | Report Abuse
got any result or news release for this counter?