drop 0.115-0.125 / 0.27 = ard 40% dropping..so i will presume there will be a short price adj soon on friday perhaps like the mother share which ad adj since yest from btm 0.17-0.18 to 0.3 n adj back to 0.25 now..anyway the expire date still far so less worry:)
erm so far the latest report show profit wat n i dont think tech share shd look at NTA cos if it is then 10 sample shares ar almost 5 out of 10 is wf cheap NTA d.. compare apple to apple ya Censoft - http://www.bursamalaysia.com/market/listed-companies/company-announcements/1550581 NTA 0.21 N report show lose -3.4M Cuscapi - http://www.bursamalaysia.com/market/listed-companies/company-announcements/1554037 NTA 0.23 n report show lose -1.78M so wat does it told u NTA doesnt work on tech share some more the 2 share i mention is all avg above 0.35!! so for VIS i think just about price adj so not much worry n i will keep enter kao kao for warrant happy investing^^
DETAILS OF THE PROPOSED SHARE BUY-BACK RENEWAL The Board of Directors of the Company (“Board”) had, during the Eighth AGM held on 19 April 2013 obtained its shareholders’ approval to purchase up to 10% of the total issued and paid-up share capital of the Company as quoted on Bursa Malaysia Securities Berhad (“Bursa Securities”) as at the point of purchase. In accordance with the Listing Requirements of Bursa Securities (“the Listing Requirements”) governing the purchase of own shares by a listed company, the aforesaid approval will continue in force until the conclusion of the forthcoming Ninth AGM of the Company which will be held on Friday, 25 April 2014 at 11.00 a.m. The Board proposes to seek approval from the shareholders for a renewal of authorisation to enable VHB to purchase up to 10% of the issued and paid-up ordinary share capital of the Company as quoted on Bursa Securities as at the point of purchase.
The Proposed Share Buy-Back Renewal shall be effective upon the passing of the resolution in the forthcoming Ninth AGM of VHB until: (i) the conclusion of the next AGM of the Company following the general meeting at which such resolution was passed at which time it shall lapse unless by ordinary resolution passed at that meeting, the authority is renewed, either unconditionally or subject to conditions; (ii) the expiration of the period within which the next AGM after that date is required by law to be held; or (iii) revoked or varied by an ordinary resolution passed by the shareholders in a general meeting, whichever is earlier.
2.1 Maximum Number or Percentage of Shares to be Acquired
As at 10 March 2014, the total issued and paid-up share capital of VHB is RM10,069,530.00 comprising 100,695,300 Ordinary Shares of RM0.10 each (“VHB Shares”).
Assuming no further VHB Shares are issued, a total of up to 10,069,530 VHB Shares may be purchased pursuant to the Proposed Share Buy-Back Renewal. As such, the balance that can be purchased as at to date is 10,069,530 VHB Shares.
The procurement of the shareholders’ approval for the Proposed Share Buy-Back Renewal would enable the Company to purchase VHB Shares when appropriate and at prices which the Board views favourable.
The Proposed Share Buy-Back Renewal may enable the Company to utilise any of its surplus financial resources to purchase its own shares from the market. It may stabilise the supply and demand of VHB Shares traded on the ACE Market and thereby support its fundamental value.
The Proposed Share Buy-Back Renewal, if exercised, will enhance the Earnings Per Share (“EPS”) of VHB Shares as a result of a lower number of VHB Shares being taken into account for the purpose of computing the EPS, if the purchased VHB Shares are held as treasury shares
actually why the person want to suicide limit down? until now still unknown... the person can just sell off slower pace ...this guy just thrown all the monies into ham sui hoi
Force sell by brokers/bankers after pulling the plug on margin financing before the potential massive losses as on the recent case of 4 penny stock counters in Singapore.
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....
ch
2,029 posts
Posted by ch > 2014-04-30 16:30 | Report Abuse
last call ..26cent