OCK had proven quite a few times last month the lowest it can go is 1.38, then quickly rebound to stay in the 1.40 - 1.45 range. With the impending BI and MB Transfer news to come. I think this old man will surely repeating the trend again...
As long as nenek dun kick him out of the bed, we shall be save. hehehe
We refer to the announcements made by RHB Investment Bank Berhad ("RHBIB"), on behalf of the Board of Directors of OCK ("Board") on 15 April 2014, 17 April 2014, 28 April 2014, 9 May 2014, 29 May 2014 and 6 June 2014.
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 balance second 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 2 June 2014.
The issue price represents a discount of approximately 9.72% to the five (5)-day weighted average market price of OCK Shares up to and including 13 June 2014 of RM1.44.
call buy at level 1.40 to 1.45....waiting good news early next month...Target still 1.80 to 2.00...... OCK will up before hari raya....to touch 1.60 to 1.80...jangan takut ini counter...pasti untung....
Not too worried abt private placement but i'm little concerned over the bonus issue. please forgive me it this sounds stupid, but why do they wanted to give bonus issue ? when their market cap is not that brilliant after all..and share price is below rm2 with oni 300++million share base.. i would want a better dividen compare to bonus for this counter.
Hochimama, here are what I think: - Bonus share issued by utilize company reserves, it doesn't use up cash like dividend, cash is what OCK needed most at the moment for company growth and take up more contracts, hence we have all the private placements which is intended to raise fund. -Bonus share increase the stock liquidity, in laymen term more easy to goreng. ;) -What I most interested to see now is not BI or dividend, but the contract award which doesn't appear until now, remember the venture in Myanmar and communication tower in budget 2014? That will really make the stock rally.
Hochimama bro, like UncleZ said, it is to create news to keep the stock interesting. the bonus is such news.agreed with upx3 bro. if we read between the lines in UncleZ posting, he was privy to know info that will make that rally happen and the fact that he confidently tambah lagi at 1.42 speaks volume. hope all bros and sis will patiently await to be rewarded. keep steady the ship !
Yes bro up and bro zoom, i do hope they announce the contract or any good news soon, this will help the stock to rally..otherwise we will just sleep soundly on this level.
hochi bro, I ok. harga sudah stabil sekitar 1.40. ini kan saham orang tua. kena sabar. jangan main judi dgn ock. anggap kan dia macam pokok buah-buahan. sudah besar ada buah-buahan makan.
Best bro siva.. Me also tambah tam pok 1.40 yday. Hehe. Aiseh tewnama bro kasi suspen jae....hahahaha
Zlyc bro, durian jatuh coming soon....... Hehehe topic musang king kembali shacks bro. Obama Ada makan dkt itu durian stall, betul ke??? Itu durian seller mesti Ong Lai liow. Ho liao.
Tewnama bro ho liao maksudnye "baik pinya"/ bagus......
perhaps the pretty gal yg passed by didn't fit old man's criteria... so old man waving to say hi (politely) only, belum sampai tahap knocking lagi... kikikikiki
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....
Hochimama
876 posts
Posted by Hochimama > 2014-06-16 11:37 | Report Abuse
nch, it didnt sleep oni - it's like bro shacks said, "Sleep till fall of the bed. "