Jedimaster dont waste your time against the trend. My holding at BPlant which bought yday already up >10% this morning with big surge in vol. If subsidiaries feel the hot, parent should be bigger than that.
Even if it a mgmt tactic to speculate the price, its still a undervalue strong company (of course with poor mgmt). It just need to show some profit to break the sky.
THE COMPANY WISHES TO HIGHLIGHT THAT THE PRESS NOTICE ISSUED BY LTAT DOES NOT AMOUNT TO A FIRM INTENTION BY LTAT TO UNDERTAKE THE PROPOSAL. ACCORDINGLY, THERE CAN BE NO CERTAINTY THAT LTAT WILL PROCEED WITH THE PROPOSAL.
If LTAT decides to proceed with the Proposal, LTAT expects to propose an offer price of RM0.80 per ordinary share in BHB (“BHB Share”). This offer price is indicative only and non-binding. The final offer price in relation to the Proposal (if undertaken) is subject to finalisation by LTAT.
LTAT will make subsequent announcement(s) on any material development in relation to the Proposal in accordance with the Rules on Take-overs, Mergers and Compulsory Acquisitions.
SHAREHOLDERS ARE ADVISED TO EXERCISE CAUTION AND SEEK APPROPRIATE ADVICE WHEN DEALING IN BHB SHARES SINCE THERE IS NO CERTAINTY THAT LTAT WILL PROCEED WITH THE PROPOSAL.
At this juncture, the Company has not received any offer relating to the Proposal from LTAT or any other parties.
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....
Jerry Yip
2,218 posts
Posted by Jerry Yip > 2020-05-29 09:30 | Report Abuse
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