GADANG (9261) - Gadang - Analysis of similar multi-proposals of Poh Huat.
A) ANNOUNCEMENT MULTIPLE PROPOSAL:
OH HUAT RESOURCES HOLDINGS BERHAD ("POHUAT" OR THE "COMPANY")
I. PROPOSED SHARE SPLIT
(one (1) existing ordinary share of RM1.00 each in POHUAT into two (2) ordinary shares of RM0.50 each)
II. PROPOSED BONUS ISSUE OF WARRANTS
(new warrants in POHUAT ("Warrant(s)") on the basis of one (1) free Warrant for every four (4) POHUAT Shares held on the same entitlement date)
B) EX-DATES FOR PROPOSED SHARE SPLIT AND PROPOSED BONUS ISSUE OF WARRANTS
C) CLOSED HIGEST PRICE AFTER PROPOSALS AT RM2.10
Pohuat warrant listed on 27 October 2015 with opening price of RM0.78 and hit higest at RM1.10 on 29 December 2015.
Conclusion:
Pohuat share price started picking up since Jun 2015 until 1 day before split and bonus issue of warrant, from RM2.00 to RM3.50.
After split and bonus issue of warrant, Pohuat continue uptrend from RM1.51 to highest RM2.10 before consolidated.
Pohuat warrant listed with opening price of RM0.78 and higest at RM1.10.
This mean, if you holding 4 ordinary shares of RM1.00 each at RM2.00 price in June 2015, you shall have unrealised gain of any a particular time of 223%.
( 8 ordinary shares of RM0.50 each at RM2.10 + 1 warrant of RM1.10 = RM17.90, thus RM17.90/RM8.00 [Cost]*100%)
Will GADANG achieve such percentage.?
GADANG (9261) - Gadang - Analysis of similar multi-proposals of Poh Huat.
http://klse.i3investor.com/blogs/mygadang/106796.jsp
