It will be game over soon, meanwhile play a few rounds between 63 and 68, buy when low sell on high, after that say bye bye. It will go below 60. No further news to excite. Meanwhile the warrants are dead, don't touch it. Good luck.
Salcon Bhd has proposed to sell all its water treatment concessions for RM518.28 million cash, an amount that exceeds its market capitalisation of RM414.3 million.
After netting off liabilities and minority interest, Salcon would pocket RM284 million cash, or 47.29 sen per share based on a share capital of 600.5 million shares. The stock closed at 69 sen yesterday.
Salcon is considering capital repayment or special dividend to return part of the proceeds to shareholders, but the amount has yet to be decided, said its executive director Eddy Leong.
With the fresh cash in hand, Salcon will team up with Eco World Development Sdn Bhd, which is controlled by Tan Sri Liew Kee Sin of S P Setia Bhd, to develop two tracts in Johor Baru that Eco World bought in January.
son is useless because of the expiring date. this company once sold off the china water company, settle all the debt, net cash on hand is rm0.50, plus now retain cash on hand 0.14, total net cash per share =rm0.64 ,premium 3.5cents now to buy a company, worth?
It is normal to get drunk by consuming alcohol but to get drunk by consuming caffeine .....haiz....no medicine can cure ......trop related to salcon, focal & eco ? adui....
Those involved take turns to speculate shares belonged to property counters within the IDR so as to make as much as possible to resurrect a new co? Thus we r only following behind trying to make some coffee money for breakfast. Itu salah kah?
Ok interesting news for all : Salcon sold 100% of China assets to BEWG Ltd for RM518m, BEWG today placed out 5% of its own shares to Khazanah for roughly RM590m, in a nutshell, we M'sian suckers are paying for the assets once owned by ourselves (Salcon)
Nolah, to be fair BEWG also has other water assets, if Khazanah is truely our torch bearer, they should just pay Salcon RM518, owns 100% of their water assets and grow the biz in China !!! Now, they own 5% of a large entity for what ??? Khazanah vs Temasek, guess who's smarter ??
extract: The stock jumped as much as 7.4 percent in Hong Kong trading and closed at HK$3.27, the biggest increase since Sept. 13.
The company will issue 400 million new shares at HK$2.95 apiece to the unit of Malaysian sovereign wealth fund Khazanah Nasional Bhd for working capital, Beijing Enterprises said in a filing to the Hong Kong stock exchange yesterday. untung 10% atas angin!!!!!
will only rise when get the $$$ in Jan 2014, exactly the same case like lbs, b4 getting $$$, hovering around 0.88-0.90, once the deal done now 1.80-1.90
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....
messi
1,915 posts
Posted by messi > 2013-09-25 15:22 | Report Abuse
topseeker said....... buy on rumors sell on news.