Bonia Hits New High On Main Board Transfer

Further to my earlier article,The Star (30/1/07) reported:
“Shares in Bonia Corp Bhd surged to a new high yesterday after the company announced plans to issue free shares,split the stock and seek a transfer to the main board. The stock climbed 40 sen,or 18.2%,to RM2.60,off an intra-day high of RM2.65. A total of 674,100 shares changed hands.Its warrant issue gained 29 sen to RM1.67 “
 

Anything can happen in a rising share market scenario.
 

Well,maybe it’s time for some cash-strapped companies to try rights issue( with sweetener-warrants ) to get rid of high debts or restructure its cost of capital.  Ironically,if the right issues are well rationale,besides getting the required cash,the share price might go up!!

• Bonia Proposes Main Board Transfer,1-for-2 bonus,Share Split
• Ratio Analysis:Existing And Potential Net Tangible Asset Basis (NTA)
• Lafarge’s RM566m Capital Repayment Plan
• High Dividend Policy Payout To Induce Investors
• Characteristic Of Warrants And Its Technical Jargon
• How To Spot Undervaluation- Notes To The Financial Statements (Part 2 of 2)
• High-Dividend Stocks May Extend gains:Aberdeen Asset