My guess : since Gadang has secured RM1.2b of contracts and also in the running of LRT3 and more, they may need extra capital. That's why they JV with the Chinese. Looking at the way Tan Sri Kok Onn buying his own share in order to prevent dilution of his holding, there is a possiblity of a Private Placement is on the way. If there is a private placement, usually they will issue with 15% discount of the 5-average price prior to the issuance, so, there is a possibility with all these new contracts, they will push up the price in order for a good private placement price. Just my wild guess...
Tan Sri Kok Onn sold about 13mil Warrants few months ago at 0.68, he has took back about RM8.5mil cash. RM8.5mil/1.30 = 6.5mil shares, he has already purchased 2.5mil shares, still have capacity of another 4 mil shares if he wants to utilise the proceed for the sales of warrant to buy back into the mother shares
How can one good company so difficult to go up a few cents in a bullish market...especially so many projects on hand. I cant figure out any reason except those big sharks and stupid short sellers.
Gadang short period no any surprises. Market expect next quarter bad earning due to projects almost complete. New projects not so fast to generate the profits.
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....
tedbeh
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Posted by tedbeh > 2017-05-11 08:54 | Report Abuse
Phew, saw the 1.30 block removed. Good luck to everyone today