There must be some form of concrete plan, before investors are willing to pump in money for the PP and take over of RC’s shares. Costs for these 2 aint cheap too, both at 12 and 12.5, hence I think investor must have something brewing behind and waiting for the right time to unload it to market. Meanwhile from the look of it they are still accumulating.
recap: Nicorp, currently with a market capitalization of RM 96 million and 772 million shares issued will definitely be a good vehicle to be RTO for a quick listing and business expansion through raising funds from the public. A similar example will see Symphony House Berhad (Symphny -0016) which had 660 millions of shares and a market capitalization of RM 125 million is a RTO target by Ranhill.
While Nicorp foray directly into the oil and gas sector might still be vague now, the possibilities of Nicorp being linked up with Alltrust International Group to provide services or equipment that caters to the oil and gas sector is still a good possibility to be eyed upon after seeing a huge stake up by Dato Siaw Swee Hin.
Nicorp will be a good company to be looked at for the time being as more corporate exercise, restructuring is going to unfold. The current entry of Nicorp is deem attractive due to - Private placement at RM 0.12 fully subsribed - Increase of stakes by Dato Siaw Swee Hin, with majority purchase price at RM 0.125 - Ceasing of Dato Raymond Chan as the substantial shareholder and CEO of Nicorp - Appointment of Dato Abdel Aziz as the Chairman of Nicorp - Appointment of Cheang Soon Siang as the executive director of the company. Mr Cheang is experienced in handling cash flow, working capital management and restructuring and recovery of credit facilities for corporate. - High Speculation of Nicorp as a RTO target, with Alltrust International Group as potential target.
Nicorp should be looking to trade stronger in the coming days with more corporate development unfolding one by one. A quick outlook will place Nicorp testing at RM 0.15, while a longer term outlook might suggest Nicorp putting RM 0.30 to test.
Mid term holding will be good considered most of the huge accumulation and share price transaction is done at RM 0.115 to RM 0.125. This price is the same with the new directors price.
Dato Siaw and brother buy out Quantum DIscovery from Datin Khoo, which is the company that is used to do timber logging in Kedah.
Big news should be coming underway with Chairman Dato Abdel good link with government, considering his private vehicle that provide internet connection to all governmental offices and tower.
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....
noorgreen
660 posts
Posted by noorgreen > 2014-10-30 11:44 | Report Abuse
collection huge vol at 13-13.5...waiting next wave :)