Yea man.. which share has no roller coaster when heading north.. i am not afraid of it and waiting patiently at 0.2. once i on board will ride all the way up!
I dont think will drop tht much anymore.. today just correction , all shares also drop la. Sell because they worldwide drop. Bonus to pengoreng la. Still need to list. So the RTO will happen.
Frankly Speaking: Strange happenings at ConnectCounty TheEdge Mon, Jun 22, 2020 02:00pm - 2 days ago
As stocks rally, strange things seem to be happening. ConnectCounty Holdings Bhd said last Tuesday in a filing that it could be targeted by S5 Systems Sdn Bhd for a reverse takeover (RTO).
This was in response to a blog post on an investing site that said ConnectCounty could be targeted by S5 Systems for a backdoor listing. The post has since been removed.
ConnectCounty, which makes cables, wires, connectors and related products, clarified that it is “in negotiations with the relevant party pertaining to the possible RTO exercise involving S5 Systems”. However, nothing has been signed yet.
S5 Systems has been in the news for partnering a number of listed companies to bid for the billion-ringgit National Integrated Immigration System contract.
ConnectCounty must be upset with its staff, team of advisors and investment bankers for allowing market-sensitive information to be leaked to the public.
But interest in its stock had already picked up on May 14 . Its share price rose to an intraday high of 11.5 sen from eight sen. On June 12, when the volume traded surges to 214.97 million shares and its share price reached an intraday high of 37.5 sen, then the highest in over five years. The stock closed at 32 sen last Friday.
It is also worth noting that on June 11, major shareholder Ang Chuang Juay, started disposing of shares in ConnectCounty. A total of 1.6 million shares were transacted for RM535,992.
A coincidence perhaps? Whatever it is, many will be keeping watch on ConnectCounty and its RTO talks. Should the regulator be looking into this?
No worries. Major director dispose of shares because make way.mah.. if they dont dispose of share then i think rto not happening. If they dispose of share means rto happening la. Otherwise why take over a company? Dont worry looks like happening.
Just let you guys know that there will be some listing of the ICPS shares on Monday next week. I think conversion from PA to mother shares. Not sure exact quantities.
Joycelee... what I mean is the daily turn over is much much bigger than the conversion amount. So it does not really matter. At least half of this counter is already locked up. More conversion will give this counter more liquidity and at the same time help maintain and stabilised the prices as those now converting are at higher cost price.
Stock [CONNECT]: CONNECTCOUNTY HOLDINGS BHD Announcement Date 25-Jun-2020 Listing Date 26-Jun-2020 New type/class? No Type Conversion of Preference Shares Details Instrument Conversion of Irredeemable Convertible Preference Shares ("ICPS") of RM0.025 each to Ordinary Shares No. of shares issued 44,704,800 Issue Price Malaysian Ringgit (MYR) 0.100 Par Value - 0.000 Total NOSH 439,469,935
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....
Justmeme
245 posts
Posted by Justmeme > 2020-06-24 16:53 | Report Abuse
Joycelee... at this price wise to just hold. It is not free falling.