JAKS KEEP ISSUEING RIGHTS AND NOW WITH FREE WARRANTS TO TEMPT SORCHAI SUUBCRIBERS. JAKS IS BEING SUED FOR RM50 MILLIONS BY STAR MEDIA. PLUS COST OVER RUNS IN VIETNAM
for their return on capital invested is around 6%, if the interest rates they r paying is higher than than, the company will do better by repaying all the loans.
Next week AGM should be interesting to see how the TAGB minimum floatation issue is resolved. As reported earlier as follows:
The Board of TAG wishes to announce the following Status Announcement in conjunction with the release of the Company’s quarterly results for the first quarter of the financial year ending 31 December 2018, pursuant to Paragraph 3.3 of PN 19 of the LR of Bursa Securities:-
(i) As at the date of this announcement, TAG’s public shareholding spread is 24.54%.
(ii) The Company is in the midst of evaluating various alternatives to address the shortfall in the public shareholding spread requirement and will make the relevant announcement on the Company’s finalized plan to address the non-compliance in due course.
(iii) Bursa Securities, vide its letter dated 14 February 2018, has granted the Company an extension of time of six (6) months until 28 June 2018 to comply with the public shareholding spread requirement.
Dear singh1, The TAE 28th AGM is on 27th june 2018 not 28th june 2018. I believe TAE should take TAGB private by offering every two TAGB share exchange for 1 new TAE share. In this case TAGB will be wholelly own by TAE. TAGB profit will be fully absorb into TAE account. Thank you.
Sslee You are absolutely right, AGM is indeed on June 27th. Thank you for correcting me. Ex-dividend date is also June 27th. All of this, one day before June 28th which is the last day to comply with shareholding spread. Exciting next few trading days. Good luck to all. Pray hard ah!!!
Maybe can go up to 67-68 sen by market close tuesday. No good news come down to 63-64 sen by end of wednesday due to ex dividend price. Just a prediction. No body knows lah. Wednesday gonna be volatile I guess. Maybe can do day trading on that day.
Price should go up for the next two days for those purchases to be eligible for the 4.1sen dividend. Comparing to its NTA of RM1.48, price is still cheap.
MANY POSITIVE FACTORS/GOOD NEWS FOR COMING 2Q RESULTS/PROFITS INCLUDING :-
SIGNIFICANTLY HIGHER BROKERAGE INCOMES/PROFITS FROM MUCH LARGER DAILY TRADING VOLUMES IN BURSA SUPPORTED BY INTRA DAY SHORT SELLING TRADING WHICH WILL BENEFIT TA BASED ON ITS LARGE SHARE OF RETAIL CLIENTS.
PLUS TA'S OWN SALE OF 2 HONG KONG PROPERTIES CONFIRMED COMPLETED EARLIER THIS MONTH AND WHICH HAD REGISTERED A CAPITAL GAIN OF RM59M WHICH WILL PUSH UP ITS 2Q PROFITS FURTHER.
ANOTHER POSITIVE CATALYST CAN BE A POSSIBLE DISTRIBUTION OF FREE TAG SHARES AS A DIVIDEND IN SPECIE TO TA SHAREHOLDERS (WHICH WILL RESOLVE TAG'S INADEQUATE FREE FLOAT)
TA'S FUNDAMENTALS ARE STRONG AND WILL CONTINUE TO STRENGTHEN FURTHER ESPECIALLY ITS SUBSIDIARY, TAG, IS DONG WELL WITH MANY UNDERVALUED OVERSEAS LANDED ASSETS RIPE FOR SALES WITH POTENTIAL HUGE CAPITAL GAINS.
HENCE TA'S CURRENT SHARE PRICE IS VERY MUCH UNDERVALUED. EXPECT ITS SHARE PRICE TO APPRECIATE WITH THE UNLOCKING OF ITS ASSETS AND INCREASING PROFIT PERFORMANCES EVERY SUBSEQUENT QUARTER. WILL TRANSLATE TA INTO A HIGH DIVIDEND YIELD STOCK
ITS REITS IPO WILL BRING IN HUGE CASH INFLOWS FOR THE TA GROUP IN ADDITION TO REALISING BIG CAPITAL GAINS, THESE WILL TRANSLATE INTO HIGHER CASH DIVIDENDS ( INCLUDING SPECIAL DIVIDENDS)
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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....
singh1
1,008 posts
Posted by singh1 > 2018-06-19 03:05 | Report Abuse
Market keep going down. TA and TAGB can hold steady already good for now.