Monday, May 28, 2012

Sold MudaJaya



1. Sold MudaJaya at RM2.62. Swap all to buy UOADEV at RM1.55.

2. congrat hng on your Faber and Tambun !!

3. Let's all "Laughing All the Way To the Bank" :) :) :)

14 comments:

alwayswin111 said...

Horse
Congrats on your MUDAJYA. . If UOADEV is able to break out of 1.56 bullishly, it may move up it 1.70. What do you think?
(Broken out of range(1.42-1.56)

horse said...

ha ha ha. I hope so, then, i will be very HUAT !!!

alwayswin111 said...

Horse
Optimistic mah?... Depend on market , ya?

hng said...

Depending on UOAdev upcoming Q1 result, it could serve as major catalyst

hng said...

Bought MEGB at 1.07-1.08

hng said...

Sold off all MEGB at 1.09, realize intraday gain

hng said...

Bought OSK at 1.58-1.59

hng said...

Very likely i can get my excess application on tambun right, which also entitle me free warrant. If all my double up excess application success, it will be my largest paper gain year so far.

Tambun Indah's rights issue exercise oversubscribed by 9.9%
KUALA LUMPUR (May 28): Tambun Indah Land Bhd's rights issue exercise oversubscribed by 9.9% over the 88.4 million rights shares plus 44.2 million warrants available for allotment.
In a statement on Monday, the company said it received 1,326 applications - worth a total value of RM48.6 million - for 97.1 million rights shares priced at 50 sen each, together with 48.6 million free warrants.
''This represented an excess application for 8.7 million shares and 4.4million warrants ,: it said.
Tambun Indah managing director Ir Teh Kiak Seng said the response indicated its shareholders' level of confidence in the group and their readiness to take part in Tambun Indah's long-term success story.
''This rights issue plus free warrants will also help improve our counter's liquidity and marketability by having a larger share base, which can help attract potential investors keen on participating in the Mainland Penang property potential by taking a stake in us,: said Teh.
Tambun Indah said its corporate exercise, which was on the basis of two rights shares and one free warrant for every five existing shares held as of 7 May 2012, would raise RM44.2 million in proceeds.
These funds will be used to help finance the group's working capital requirements for the development of several ongoing projects - namely, Pearl City, Straits Garden, New Juru Industrial Park, Carissa Villas and Kelisa Residence, it said.
Meanwhile, the free 5-year warrants are convertible to Tambun Indah shares on a 1-for-1 basis at an exercise price of 60 sen each, it said.
With the fully-subscribed rights issue, the group's share capital will increase to RM154.7 million from RM110.5 million currently, with its gearing to be in net cash position from 0.23x as at 31 March 2012.
The rights shares would be listed and quoted on the Main Market of Bursa Malaysia Securities Bhd on June 4.

alwayswin111 said...

Horse
Looks like UOADev have to wait for next round?

1.56 seems like a strong resistance and right now KLCI is approaching resistance at 1565

hng said...

Bought YTL Power-WB at 47.5sen

hng said...

Bought more OSK at 1.56

hng said...

YTL just declare share dividend 1:15 on top of its interim dividend of 2sen TE. Total yield now 7.7%. Wanna to snap some tomorrow :)

Teng said...

Hng

On top of share dividen and 2cents TE dividen,YTLcorp just annouce restriced offer of sales in YTLPower-WB at 20cents per share at 1 YTLpower-Wb for every 15 YTL chares

hng said...

Wah lau, YTL corp announce another windfall deal to its shareholder, offer for sale of its YTL Power-WB at 20sen only on basis 1: 15. I must gear up to buy maximum level of YTL corp tomorrow.

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