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 “
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Anything can happen in a rising share market scenario.
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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
- Characteristic Of Warrants And Its Technical Jargon
- High Dividend Policy Payout To Induce Investors
- Ratio Analysis: Existing And Potential Net Tangible Asset Basis (NTA)
- PN17 Company’s FCW Proposes 5-into-1 Capital Reduction
- High-Dividend Stocks May Extend gains: Aberdeen Asset
- How To Spot Undervaluation- Notes To The Financial Statements (Part 2 of 2)
January 29, 2007
Posted in: Corp. Restructuring
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