if you remember few big cross transaction at 60++, this news is to trap ppl chase high to dispose it. later denies it. price drop, buy back, and follow by actual announcement
Everybody has their target and counter. Big players go for PBB or TG . Others pick penny stocks while some prefer recovering cyclical counters . Some cherry pick low hanging fruits with margin of safety
SCR if approved by the minority shareholders is automatic privatisation. A minimum of 95 sen is proposed because Boustead 52 weeks high in price is 94 sen.
Boustead owned thru AXA Affin Life insurance and AXA Affin insurance { l licence highly valuable} not forgetting Affin Bank, Affin - Hwang capital. All licence"s control and requlated by BNM. Foreign parties will be keen to acquire their stalks
We refer to a media report by The Edge on 18 January 2021 titled “Sources: LTAT To Take Boustead Private Via SCR And Up Takeover Price” with regards to the intention of Lembaga Tabung Angkatan Tentera (LTAT) to privatise Boustead Holdings Berhad (BHB).
BHB is subject to regulatory requirement and will not be able to comment at this juncture. Further announcement will be made in accordance with such regulatory requirements at the appropriate time.
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....
winmal
1,128 posts
Posted by winmal > 2021-01-18 11:02 | Report Abuse
LTAT will denies its,... don't chase high.. it is trick play by someone..who bought at lower price