no don't expect much but seeing that they are back on their game and profit that increase more than double so just give it time for the share price to be back above rm1. after the Ceo back from one year leave hopefully have more development in research on stem cells.
Don't worry this is extra this year. Normally only 10% a year now 15% total this year. meaning the the company making more now and giving back extra to share holders.
The normal dividend has been paid d...this coming one is the second time. The 1st 0.01 was paid around May or June.....you may find in your trading portal announcement or under the topic "Entitlement"
SINGAPORE, Sept 4 (Bernama) -- Cordlife Group Ltd, a multi-product healthcare firm catering to the mother and child segment, has signed a conditional sale and purchase agreement with certain vendors to acquire a 19.92 per cent stake in Bursa Malaysia-listed StemLife Bhd for RM29.58 million.
Cordlife Executive Director/Chief Executive Officer, Jeremy Yee, said as one of the market leaders in Singapore, Indonesia, Philippines, Hong Kong and India, the proposed transaction presented the company with the opportunity to further cement its leading position in Asia, and particularly the Asean region.
"Through the stake in StemLife, Cordlife is now well-positioned to capitalise on the tremendous growth opportunities in Malaysia driven by rising affluence and greater health awareness.
"With this acquisition, the group will also be able to capitalise on economies of scale and scope in all its service/product offerings in Malaysia and potentially work with StemLife to offer its services and products to the group's existing markets," he said in a statement here today.
Stemlife, currently listed on Ace Market of Bursa Malaysia, is the first stem cell banking and therapeutics company in Malaysia.
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STEMLFE has 247,500,000 shares issued x 19.92% = 49,302,000 shares RM29.58million / 49.302m = RM.60 per share and current share price is RM0.38
Does it mean it is a BARGAIN BUY? Pls give view... or i understand it wrongly?
this is the correct assumption for reference purpose. why do you think they are acquire one company's stakes for that much of money? isn't it clear enough?? the trading share price is undervalued and it is a bargain buy.
sale and purchase agreement dated 3 September 2013 STILL CONDITIONAL ISTNT IT??
Circumstances by reason of which Securities Holder has interest
Deemed to have an interest in the shares through the execution of a conditional sale and purchase agreement dated 3 September 2013 between Cordlife Group Limited as the Purchaser and Dato' Low Su-Shing and Dato' Lim Oi Wah as the vendorsNature of interest
VT goreng shares lah ha5. Need money to list 711. By the way some years ago, stemlife sent up as high as 77-79 sen before when it goreng. So now they say cord life buying at 60 sen... Steadily up from 38 sen and now 38 sen. Not bad!
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....
tzehming
27 posts
Posted by tzehming > 2013-07-24 17:15 | Report Abuse
Well good luck guys who bought it. It can go up much more.