SKP Resources up after Beyond Imaginations raises stake
KUALA LUMPUR: Shares of SKP Resources Bhd rose to a high of 38 sen in active trade on Thursday after Beyond Imagination Sdn Bhd bought 2.56 million shares.
At 10.27am, it was up 1.5 sen to 37.5 sen. There were 11.03 million shares done at prices ranging from 36.5 sen to 38 sen.
A Bursa Malaysia filing showed Beyond Imagination bought the shares, representing a 0.28% stake from the open market at 35.5 sen each.
This saw its total direct stake increasing to 18.64% or 167.79 million shares.
SKP Resources manufactures plastic parts and components and it is also involved in precision mould making, the sub-assembly of electronic and electrical equipment. (The Star)
Mr. Gan sold more in warrant nowadays and bought back the mother share which I believe the company is in the right position now. Nobody knows what will happeing next in share market, we can only choose good fundamental share.
Something must be going on with this company. I hope it's for exploding earnings or new deals. Not purely due to speculators frying up the price, which will then be unsustainable.
Resistance turned support... lol... if v are lucky might be able to buy back some at 0.36.. otherwise this baby gonna fly to the moon already... 2 days of splendid volume.. gan is not selling... nthing to hold this wild horse back
haha.. all this drama self-directed, self-shot by ur dear Dato Gan... sell sell sell, get cash, make ppl impatient, wanna get more and more... then use cash push up, and other investors to help push up higher... his existing 57% share will go up value coz of this big spike...
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williamtan9108
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Posted by williamtan9108 > 2013-08-15 10:48 | Report Abuse
SKP Resources up after Beyond Imaginations raises stake
KUALA LUMPUR: Shares of SKP Resources Bhd rose to a high of 38 sen in active trade on Thursday after Beyond Imagination Sdn Bhd bought 2.56 million shares.
At 10.27am, it was up 1.5 sen to 37.5 sen. There were 11.03 million shares done at prices ranging from 36.5 sen to 38 sen.
A Bursa Malaysia filing showed Beyond Imagination bought the shares, representing a 0.28% stake from the open market at 35.5 sen each.
This saw its total direct stake increasing to 18.64% or 167.79 million shares.
SKP Resources manufactures plastic parts and components and it is also involved in precision mould making, the sub-assembly of electronic and electrical equipment. (The Star)