OCK listed 87.1m new shares today from PP. If not mistaken, the PP price is 60 sen, hence, raising about RM52m.
So, the proposed acquisition of green assets will soon be announced. Also, hope that the IPO on towerco biz will be announced soon (this will be a bonus).
1. @kahsoon888, if OCK follow half of KNM it is enough. KNM private placement at 16 sen and listed on 3 June 2019, today, 5 Nov 2019, KNM closed at 45 sen, up almost 300%.
2. Similarly, JAKS private placements at 70 sen, listed on 28 May 2019, today, the JAKS is 106 sen, up about 51% and its warrants was up from 53 sen to 85.5 sen, up about 61%.
3. Will OCK be next? Likely if the earnings for coming quarter is positive.
better qtr? OST private placement? Proceeds from OST to expand Myanmar? acquisition of green energy assets? any new project from NFCP? ISOC Philippines with edotco contract results? LSS 3 tender?
We refer to the earlier announcements dated 7 October 2019, 11 October 2019, 25 October 2019 and 5 November 2019 in relation to the Private Placement.
On behalf of the Board, UOBKH wishes to announce that 87,100,000 Placement Shares were listed and quoted on the Main Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 6 November 2019, which marks the completion of the Private Placement.
only selling some % of share of the telco company to some interested parties not selling the tower la... just dont know how much % they selling and at what value price.
Towerco's debts are "ringed fence". In order to expand towerco biz, it needs new equity, hence, OST (sub of OCK) is doing a placement and listing in the future. Towerco biz debt level is lower than market benchmark.
OCK also has about net trade debtor (trade debtors less trade creditors) of about RM150m.
Total LTL = RM300m (mainly for towerco - ringed fence), STL = RM190m (partly for towerco, solar energy, other contracts secured loan via BAs, Revolving Project loan, OD), and Cash = RM80m @ 30 June 2019.
OCK's debt is manageable. But in order to expand further, new equity is needed, and unlocking the towerco value also is a good move, as analyst said, it may add 13 sen to 35 sen per share gain.
In any case, OCK's PP yesterday just raised RM52m equity for green energy assets.
support around 0.605 - 0.615 nearing the end of triangle today closed mid BB EMA 50 @ 0.600
tomorrow or next week can see whether the stock can go up or down technically (short term) Because Bollinger small.
But I still believe will go up . Cause believe they quarter report ( 28 November ) will good. Unless got ppl want make it drop then buy cheap share before quarter report out.
KNM was boring for 3 years 9 months from 78 sen to 7.5 sen, today 8 Nov 2019, is 46.5 sen. 600%+. Similarly, OCK was boring for about 2 years. Unless profit up, it will continue to be boring.
@win1661 it’s because they expected to grow 15-20% last 2 years it was delayed principally due to Myanmar towers delayed, completed in 2018 instead of 2016 and contract work shrink prior and post GE, uncertain of policy. So, the growth is pushed to 2019-20.
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....
kahsoon888
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Posted by kahsoon888 > 2019-10-31 14:28 | Report Abuse
MACD. ...I ONLY KNOW MCD