Focus Point: Plans 1-for-3 bonus issue. Focus Point Holdings proposes a bonus issue of up to 55m shares on the basis of one bonus share for every three existing shares held. The group said that the exercise will provide shareholders with greater participation in the equity of the company in terms of number of shares held and maintaining percentage equity interests. The bonus issue is expected to be completed by the 4Q of the year. (SunBiz)
if buy at 0.5, sell at 0.68, you gain 36% in very very short term!!! if buy at 0.52, sell at 0.68, you gain 31% in very very short term!!! if buy at 0.55, sell at 0.68, you gain 23% in very very short term!!!
if buy at 0.52, sell at 0.68, you gain 31%+ in very very short term!!! if buy at 0.55, sell at 0.68, you gain 23%+ in very very short term!!! if buy at 0.58, sell at 0.68, you gain 17%+ in very very short term!!!
Stock With Momentum: Focus Point Holdings TheEdgeMon, Jul 15, 2019 - 1 hour ago
Focus Point Holdings Bhd (-ve) TRADING of shares in Focus Point Holdings Bhd (fundamental: 1.1/3, valuation: 1.4/3) triggered our momentum algorithm last Friday for the second time this month.
Focus Point closed down 1.5 sen or 2.83% to 51.5 sen, after 1.86 million shares were traded, versus the counter’s 200-day average volume of 234,484 shares. The group is the franchise holder for Focus Point optical shops.
Last Tuesday, Focus Point said it is planning a one-for-three bonus issue involving up to 55 million new shares, to enhance marketability and trading liquidity of its shares.
It said the proposed bonus issue will be issued as fully paid, on the basis of one bonus share for every three existing shares held, at an entitlement date to be fixed.
As of last Friday, Focus Point’s shares were trading at 1.43 times its net book value.
FOCUS POINT HOLDINGS BERHAD (Company No. : 884238-U)
Prospect As far as the optical business is concerned, much emphasis will be placed on tactical branding and advertising & promotional activities for long-term sustainability as well as productivity. It is our on-going effort to open new outlets at the strategic locations and at the same time consolidating non-performing outlets. Launching of new store concepts to compete is also a necessity to stay relevant. The Group is targeting to open ten (10) new outlets in 2019. The Group will also be mindful on spending to maintain profitability and productivity.
In respect of the food & beverage business, much emphasis would be placed on strengthening its operation and cost saving to further improve its performance. The Group is also active in expanding Komugi licensing business in overseas market and corporate sales business. The Group expects to open five (5) new licensed outlets in overseas market in 2019.
Premised upon the above, the Group is confident to deliver a satisfactory performance for 2019.
bro & sis, the group has recently announced a dividend payout policy of paying not less than 30% of its earnings, which shows management’s confidence in its outlook!
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Sharkfin
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Posted by Sharkfin > 2019-05-29 16:08 | Report Abuse
Gogogo... This week TP 50c