PUBLIC ISSUE OF 20,250,000 NEW ORDINARY SHARES OF RM0.50 EACH COMPRISING:
- 6,000,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC AT AN ISSUE PRICE OF RM0.75 PER SHARE PAYABLE IN FULL ON APPLICATION;
- 11,250,000 NEW ORDINARY SHARES OF RM0.50 EACH BY WAY OF PRIVATE PLACEMENT AT AN ISSUE PRICE OF RM0.75 PER SHARE PAYABLE IN FULL ON APPLICATION; AND
- 3,00,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE ELIGIBLE EMPLOYEES AND BUSINESS ASSOCIATES OF EURO HOLDINGS BERHAD AND ITS SUBSIDIARIES AT AN ISSUE PRICE OF RM0.75 PER SHARE PAYABLE IN FULL ON APPLICATION.
one at a time...Euro will test 0.50 first before moving higher..people just started to place an eye on it today...volume still consider low if compare with others...
the new major shareholder of Euro also owns a company that develops high end homes in Ampang. Interestingly, the JV partner of this project is a large PLC in Spore that has paid record prices for a piece of land in the KLCC vicinity last year. Something may be brewing up in the next few months..an RTO seems logical considering the huge portfolio in Malaysia the Spore company has..
EURO had been involved in the manufacturing and trading of office furniture in Malaysia. The Company distributes its products under the brand name of EURO. While most of the furniture maker had been seeing handsome gain, or looking set to gain big in the recover of economy in the West, this had not left Euro out of the pie.
EURO had been able to see a growing revenue for the 1Q of FYE 2014 after raking in more than RM30m, putting the company financial into a good launch for the year 2014. The coming up quarter will be likely to see a strong growth in sales which is likely to see sales penetrate above RM 40m for 2Q 2014, possibly putting up a 2 cents EPS.
While EURO had been looking set to see their financial turning back into the black for FYE 2014, EURO currently had been trading at a 38% discount from it's NTA of RM 0.83. However, EURO RNAV might be looking at anything above RM 1.00 should the latest agricultural land be converted into a mixed residential and commercial development land.
KUALA LUMPUR: Small capitalised property stocks were among the major gainers on Wednesday morning, with several counters scaling to several years high.
At 12.30pm, the FBM KLCI rose 0.8 points or 0.04% to 1,872.16. Turnover was 1.17 billion shares valued at RM855.34mil. There were 356 gainers, 375 losers and 310 counters unchanged.
Property stocks SHL, Brem, Plenitude and OSK Properties were among the top 10 gainers.
SHL Consolidated extended its gains for the second day following a positive report by Public Investment Research. SHL, the master developer of Bandar Sungai Long, could be worth at least RM1.0bil or RM4.26 per share, it said.
SHL rose 24 sen to RM2.94, Brem rose 22 sen to RM2.69, the highest since 2000. Plenitude added 16 sen to RM2.98 and OSK Properties 12 sen to RM2.31.
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....
Hoo Ann Teo
875 posts
Posted by Hoo Ann Teo > 2012-03-13 21:33 | Report Abuse
any anouncement for this ?