Bursa Alert
Global Market
NewsHot Stock KNM falls 4% on rights shares listing
Page 1 of 1
Hot Stock KNM falls 4% on rights shares listing
by Cals Tue 28 Apr 2015, 02:05
Hot Stock
KNM falls 4% on rights shares listing
KUALA LUMPUR (Apr 27): KNM Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)’s shares this morning dropped 4.35% or 3 sen to 66 sen after the company announced that it was granted listing and quotation of its rights issue today.
In its announcement made last Friday, KNM said that its rights issue entails an additional 323.15 million new ordinary shares of 50 sen each issued pursuant to the rights issue and the additional 28.75 million warrants issued.
It added that KNM’s 161.57 million new warrants issued pursuant to the rights issue will be admitted to the official list of the exchange and the listing and quotation of new warrants on the main market under “Industrial Products” sector will take effect today.
With a market capitalisation of RM1.34 billion, KNM (fundamental: 0.85; valuation: 1.50) saw 22,513,000 shares exchanging hands on early trade.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
KNM falls 4% on rights shares listing
KUALA LUMPUR (Apr 27): KNM Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)’s shares this morning dropped 4.35% or 3 sen to 66 sen after the company announced that it was granted listing and quotation of its rights issue today.
In its announcement made last Friday, KNM said that its rights issue entails an additional 323.15 million new ordinary shares of 50 sen each issued pursuant to the rights issue and the additional 28.75 million warrants issued.
It added that KNM’s 161.57 million new warrants issued pursuant to the rights issue will be admitted to the official list of the exchange and the listing and quotation of new warrants on the main market under “Industrial Products” sector will take effect today.
With a market capitalisation of RM1.34 billion, KNM (fundamental: 0.85; valuation: 1.50) saw 22,513,000 shares exchanging hands on early trade.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Hot Stock Bintai Kinden’s investors take profit on listing of rights shares
» Hot Stock MAS falls 6%, rights shares start trading
» Hot Stock Bumi Armada falls 7% after pricing rights shares, earnings dilution seen
» Hot Stock XOX up on 2Q profit, rights share listing
» Hot Stock Public Bank falls 1% after proposing rights issue
» Hot Stock MAS falls 6%, rights shares start trading
» Hot Stock Bumi Armada falls 7% after pricing rights shares, earnings dilution seen
» Hot Stock XOX up on 2Q profit, rights share listing
» Hot Stock Public Bank falls 1% after proposing rights issue
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum