Aiyah... wat does LGE gotta do with OWG? Just bcoz he officiated d Imperial restaurant at The Top? Like tht, all PLCs based in or has projects in Penang w b affected by it? Cmon...
OWG sleep is because of Komtar project delay.... OWG not related to LGE OWG is wake up is because of Komtar project going to launch in stage by stage until end of 2016, means that, long hold & keep OWG will have more profit...My target is more than RM3.50 in year 2017.
This is not a speculative stock...and therefore there shall be not much activities under normal circumstances. There will be little price fluctuations/movements until news from the company emerges.
Company Announcements... FUND RAISING - PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF OWG
...On behalf of OWG, CIMB wishes to announce that it has on 29 July 2016, submitted an application to Bursa Securities for an extension of time of six (6) months to complete the Proposed Private Placement from 14 August 2016, being the last date to implement the Proposed Private Placement in accordance with Paragraph 6.62 of the Listing Requirements, to 14 February 2017.
The application for the extension has been made to enable OWG to continue to implement the Proposed Private Placement subject to prevailing market conditions and share price performance of OWG.
....On behalf of OWG, CIMB is pleased to announce that Bursa Securities had via its letter dated 15 August 2016, granted OWG an extension of time of six (6) months from 15 August 2016 to 14 February 2017 to complete the implementation of the Proposed Private Placement.
I can't tell if it's ppl throwing or big fishes collecting ahead of the QR announcement. Based on previous QR reported, there r many things in store for OWG in 2H2016. Completion of the Komtar project is a re-rating catalyst for OWG which has not been factored in at the moment.
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....
cstrader
937 posts
Posted by cstrader > 2016-06-29 23:00 | Report Abuse
TP 3.00. Year high 3.20 can buy but quickly. Just took flight.