1) goreng the price from 13 sen to 23 Sen only to announce private placement with unknown invested at 13.5 sen effective the next day with no lock in period.
2) they then used this money to bail out loss making Fridays franchise owned by a company that was founded by the current executive chairman.
3) people are shouting about record high coke prices, but the company is in the process of disposing the coke business.
Refer past record, HK aerospace beidou able generate rm 37.8million profit for 5months in 2020 n acquisition 50% of company has completed in mid Oct n will contribute positively to technax
he Company has suspended the implementation of the Proposed Disposal pending of ROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST IN PIPO OVERSEAS LIMITED, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ..
Such announcement stock pun rise 1 sen this morning .....so hilarious
Metallurgical coke price has hit record high 2017/18 currently. Management stop selling profitable coke company is wise decision which may contribute about 20-30million profit per quarter to technax. (refer past record 2017/18)
Convertible note has 3yrs time frame to convert to mother shares but company acquisition done last year which contribute to profit soon before dilution kick in
refer bursa anouncement above item no 11 (PDF file) clearly stated USD10million invested to increase production by 400-500% for year 2021....cant imagine how share price relecting after expansion exercise completed with significant profit contribution
production expnasion super battery 4-5times + high coke selling price conservatively estimate 40-50million profit per quater which share price 50-60sen is achievable in short period
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....
EasyInvest123
126 posts
Posted by EasyInvest123 > 2021-02-04 11:45 | Report Abuse
China coke supplier share hit all time 2017 w high selling price. Expect technax hit 50-60sen soon