BURSA MALAYSIA – Major Direct Business Deal Done

Filed Under (Bursa News) by Webmaster on 21-04-2008

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Pro Trade Shares noted the following major direct business deal done on 21 April 2008 that exceed 5% of the company listed shares.

Ladang Perbadanan-Fima Berhad, short name FIMA and short code 5851, that is listed in the Main Board of Bursa Malaysia under Plantation Sector changed hand for 36.5 million shares of its shareholdings which represent 31.9% TODAY ! That is a major changed of its shareholders. Since February 2008 it traded with a low of RM3.68 to a high of RM4.14. FIMA closed today at its high of RM4.14. So far there is no announcement on who sold and who bought the shares. We will only know tomorrow when the company make the announcement to Bursa.

The other company, Equine Capital Bhd (EQUINE / 1147) also listed in the Main Board of Bursa Malaysia under the Property sector has 15.8 million shares changed hand in a direct business deal today which represents 8.2% of the total issued shares. EQUINE traded between a low of RM0.745 and a high of RM2.115 since February 2008. It closed today at RM0.795. Again no news on the seller and buyer today.

A Mesdaq counter, ETI Tech Corporation Bhd (ETITECH / 0118), had a direct business deal today for 11.3 million shares (5% of total shares issued). There were two direct business deals on Friday, 18 April 2008, to bring the total direct business deal after today to 33.9 million shares that has changed hand which represents 14.9% of the total share issued. It was announced on 18 April 2008 that two of its major shareholders sold 5% each, Dennis Chuah and Dato’ Ch’ng Kong San. No announcement on today’s direct deal. Dennis Chuah is the Executive Director while Dato’ Ch’ng is the Non Independent Non Executive Chairman. In the company 2007 annual report, Dennis Chuah holds 43,946,374 shares (19.37%) and Dato’ Ch’ng had 24,219,500 shares (10.67%).

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HAPPY NEWS – 10 APRIL 2008

Filed Under (Bursa Malaysia, Happy News) by Webmaster on 10-04-2008

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Its so hard to find happy news in the newspaper or in the net nowadays. Most of these media publish unhappy events, tragedies, turmoil, disaster, doomdays prediction, spread of illnesses and financial crisis.

Pro Trade Shares decided to start a new category called HAPPY NEWS. This category will have posts or articles on happy events that I read or found published in any form of media. I will be most greatful if readers can email me via my contact form any news that fall under the Happy News category and I will publish them here with the contributor name in this category (even a link to the contributor and the origin sites of the news).

To start off, I read in the Financial Daily Newspaper dated 10 April 2008, Lingkaran Trans Kota Holdings Bhd (a Bursa Main Board company) has announced a distribution of RM1.00 per share to their shareholders. It will be RM0.93 from capital repayment and RM0.07 for interem dividend.

The shares has been traded between RM3.50 and RM3.90 since February 2008. It closed yesterday at RM3.84 and opened this morning at a high of RM4.00 (up 16sen). I expect the stock’s price to go even higher after everyone read the news today.

A RM1.00 distribution represents a 25% return on investment if you buy it at RM4.00.

That is the first posting under my Happy News Series. I hope it make you happy today.

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In The News – 8 April 2008

Filed Under (Bursa Malaysia) by Webmaster on 08-04-2008

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Occasionally Pro Trade Shares will pick up some interesting news from Bursa announcement. Here are a few of them which I thought you might benefit.

Bonus Shares Proposal

BP Plastics Holdings Bhd, listed in Bursa Main Board, has announced on 7 April 2008 a proposal to issue bonus shares to its existing shareholders. Existing shareholders will receive 1 new BP bonus shares for every existing 2 BP shares. The Ex-date has not been announced.

The price traded prior to the announcement was RM0.56 and rosed to RM0.62 today (up RM0.06). Good time to pick up the stocks.

Assuming the proposal is approved by the Board and assuming that the price at the Ex-date remains at RM0.62, the therotical after Ex-date price will be RM0.42. If you buy 2,000 shares at RM0.62 for a total of around RM1,240 (excludes transaction costs) and you sell after the Ex-date at RM0.42, and theoritically you shouldn’t loose any money. However, it has been shown that between the announcement date to Ex-date, the share’s price will go up. If investor managed to grab the stock early, immediately after the announcement, and if the stock’s price continue to go up before the Ex-date, investor will generally make a capital gain after the Ex-date.

Example:
Assume that a particular stocks is RM0.50 immediately after the announcement of bonus issues. The stock’s price climb slowly to RM0.70 just before the Ex-date. Also assume the bonus issue is 1 bonus shares for 2 existing shares. Therefore if you buy at RM0.50 x 2,000 shares for total (exclude transaction costs) of RM1,000. The theorical price after Ex-date is RM0.70×2 / 3 = RM0.46 and maintain until you received your bonus shares in your CDS account. If you sell the 3,000 shares at RM0.46, you will receive (minus transaction costs) total around RM1,380 (RM0.46 x 3,000). Theorically you should make a gain around RM380 (minus transaction costs).

The decisions is up to you. Trade Shares just report the news.

Suspension of Stocks

Bursa announced that a Second Board company, BTM Resources Bhd, shall be suspended on 15 April 2008 as did not meet the minimum requirement for listing. It is undercapitalised. A Second Board company must have minimum issued share capital of RM40million. BTM has only RM31.42million.

BTM’s price is RM0.245 as at 8 April 2008, down RM0.215 today. It was RM0.46 on 7 April 2008 before the announcement.

Direct Deal Done

There was a large direct business transaction today for Second Board listed company, A-Rank Bhd. 2million shares changed hand which represents 2.5% of the total shares issued by the company.

Is there a change of the major shareholders. We have to wait for their announcement later.

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