Frb owns 22% assets of hohup n would likely to pay a hefty $2.00 value per current share ,shares not owned by frb..frb boards could buy more shares to increase its majority stakes in hohup which means hohup shares rises higher n datuk Thong has to reached his deeper pockets to pay for more...
Thanks bonescythe, i really like your artcle on "Hohup gems of the gems". I believe is time for Datuk to unlock the value of this counter but, main resistant is PN17 once it lifted from PN17 it will fly.... to ... the ... sky.... Happy Trading..
Think Ho Hup, as long as its under PN17 may be difficult to privitise. Moreover a regularisation plan has been mentioned & in place at the recent EGM for it to come out.. Lets wait and see
Ho hup is poised to post a net profit of RM114 milion for financial year ending December 31 2014, helped by its four-hectare development in Bukit Jalil and 20-hectare joint development with Malton Bhd.
Y'day announced rights issue with warrants. Rights issue at 50 sen and 1 : 1. So looks like no privatisation going to happen. Dates also out for whole exercise. Go to Bursa website 18.11.13 for more info
daz3no I think you are right. Assuming you are holding 1,000 share and agree to take up the right issue. Upon finish the entire right issue exercise you will be holding 2,000 share with free warrant (1,000 unit).
anyone holding till rights entitlement? cause I wanna ask on the procedure to take up the rights (this is my first time involve in entitlement) Thank you.
so now shareholders will be entitled for ICAPS. 1 ICAPS for 1 Ho Hup share held bf 28.11.13 but got to pay 50c. Will also get 1 warrant free for 2 ICAPS subscribed to. Now is long term wait have faith & hope co performs then see profits. Will take at least 6 mths to a year to see the rainbow.ggod luck guys
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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....
ahbeng77
1,327 posts
Posted by ahbeng77 > 2013-10-11 08:44 | Report Abuse
targeting for 2.10 but have to careful this counter is over buy.