better buy this week, confirm next week 1.42 and below tiada harapan untuk anda membelinya... last call for ock to buy this week before fly at 1.48 and above next week..
Another stupid question: Is the 20% for the private placement part of the number of shares in public market, or they will issue extra 20% of the current numbers of share?
The sale of securities to a relatively small number of select investors as a way of raising capital. Investors involved in private placements are usually large banks, mutual funds, insurance companies and pension funds. Private placement is the opposite of a public issue, in which securities are made available for sale on the open market.
Thus, new capital inject into the company for future growth...next target 1.50, 1.8, 2.00
For illustrative purposes, based on the issued and paid-up share capital of OCK as at the LPD of RM28,490,000 comprising 284,900,000 OCK Shares and assuming the 10,227,272 OCK Shares pursuant to the Proposed Acquisition are issued prior to the implementation of the Proposed Private Placement, a total of up to 59,025,454 NEW OCK Shares, representing 20% of the enlarged issued and paid-up share capital of OCK, may be issued pursuant to the Proposed Private Placement.
Shacks, you r welcome. I hope to see OCK price when move to main board. That time most of the Fund Manager / In-house inv team will eye on it as still got listed company's investment policy not allow to invest in ACE market, no matter how good is the stock...
Ooooh....sudah announced PP price RM1.30 close to my anticipation price...about 8% discount .
On behalf of the Board, RHBIB wishes to announce that the Board has fixed an issue price of RM1.30 for each new ordinary share of RM0.10 each in OCK ("OCK Share(s)") ("Placement Share(s)") for the first tranche of the Private Placement comprising of 28,490,000 Placement Shares, representing 10% of the issued and paid-up share capital of OCK as at 29 May 2014.
The issue price represents a discount of approximately 7.80% to the five (5)-day weighted average market price of OCK Shares up to and including 28 May 2014 of RM1.41. The Board is currently identifying suitable placees for the remaining Placement Shares pursuant to the Private Placement. The relevant announcements for the remaining Placement Shares shall be made in due course.
Shacks...the price offered to LTAT and potential investor is RM1.30. However, these shares are not entitle for bonus issues. When they are approved into market...later.Logically it will pull down the share price I wud think. Nobody really know how much it will be..but we shall be safe with the +ve Qtr Result ,Bonus Issue etc for now. Bear in mind we have market votaility to bear with along the way...
Joel,Yes...that's correct. The price then will be adjusted after ex-date.. Say for eg..if the price is RM2.00 b4 bonus and after bonus will be RM1.33 and the trade price continues from there...and u will have 50% more shares with u.
OCK Group (OCK MK) Technical BUY with +15.2% potential return Last price : RM1.43 Target Price : RM1.52, RM1.64 Support : RM1.39 Stop-loss: RM1.37 BUY with a target price of RM1.64 with stop loss placed below RM1.37. OCK’s share price retraced from the recent high of RM1.52 before rebounding off the immediate support level of RM1.39 as the share price formed a bullish reversal pattern of “matching low”. OCK has continued recovering in the past 2 days along the rising trendline. With the bullish crossover in Stochastic suggesting an improving momentum, we expect OCK to climb along the trendline and resume its previous bullish run. Moving forward, we expect OCK to retest the previous high of RM1.52 which, if breached, should pave the way toward our medium-term target at the 1.38x Fibonacci extension level of RM1.64.
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....
aiman168
799 posts
Posted by aiman168 > 2014-05-28 09:46 | Report Abuse
good news coming soon