ya lah. I also heard they are having delay in Myanmar project, it will drop below 0.80 next week when news out. but, what I don't understand is why ock operator commit suicide in Vietnam and not Myanmar. weird.
If it drop below 81cent, mean u can buy the share from market at lower price than the fund whoever bought it... so, hopefully there is some "invisible hand" to push it back...
"On how OCK intends to fund its portion of the acquisition of Seath, Ooi says this will largely be through an ongoing 10% private placement exercise that will raise gross proceeds of up to RM64mil. OCK is placing out 79.22 million shares or 10% of its share base at a price of 81 sen per share. The new shares will be listed on Aug 17, 2016."
Good use of the money as they invested in an existing running business which bear fruits. If they invest in a new starts up, then it will take sometime to bear fruits or may not bear fruits at all. Good way of expanding in a new area or market.
vietnam is a potential country. My cousin went to vietnam and was really impressed with the speed and coverage of the wifi there..and all eyes are on vietnam now for its econ growth.. both myanmar and vietnam projects are good investment i must say. However, the recent drop in ock's share price is due to the pp? i cant figure out y there is a drop in price..
Founder and group managing director Sam Ooi Chin Khoon tells StarBizWeek that the focus in Vietnam is to build more towers and that OCK remains committed to growing its tower assets in the region.The opportunities for growth in Vietnam is huge, says Ooi, adding that a mobile network operator had recently requested for 90 towers to be built.
“The rollout of the 4G or long-term evolution network in Vietnam in the near future will require more towers to be built, as consumers continue to embrace the benefits of connectivity,” he points out. Ooi deems the purchase price attractive, considering the growth potential of the Vietnamese telco tower market.
Ooi admits that Seath’s profit margins for the last three years were relatively thin and this is because VNI, being a fund manager, didn’t concentrate on maximising the efficiency of the towers. “With OCK managing the operations, we will be able to reduce Seath’s high operating costs and manage it efficiently to increase profit margins due to our expertise in the industry,” he explains.
china funded dams building are at halt in Myanmar. this place always come to ransom after things are 90% complete. Telenor is smart to get OCK build, they rent- no liability.
On behalf of the Board, Kenanga IB is pleased to announce that the Proposed Private Placement has been completed on 17 August 2016, following the listing of and quotation for 79,224,100 OCK Shares, being the first and only tranche of the Proposed Private Placement, on the said date on the Main Market of Bursa Securities.
tsh123, the 10% of PP adi taken by someone... that why on 17th, 10% new shares were issued and listed to market. ofcoz there is some lock-in period for those stocks(i think).... anyway, they will not sell the stock also coz now at their buying price...
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....
sharktank
805 posts
Posted by sharktank > 2016-08-11 15:48 | Report Abuse
nah, talk much no use. OCK operators no money to pump. Done with this stock. bye.