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Stock With Momentum: IDimension Consolidated
by Cals Thu 02 Jul 2015, 01:06
Stock With Momentum: IDimension Consolidated
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By Asia Analytica / The Edge Financial Daily | July 1, 2015 : 10:27 AM MYT
[size=14]IDimension Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
IDimension (Fundamental: 1.45/3, Valuation: 0.3/3) was last picked by our momentum alert on June 19 at 12.5 sen. The stock has since see-sawed, before closing 4.0% higher at 13 sen yesterday as volume traded jumped over three-folds to 32 million shares.
Last Friday, the company announced the ex-date for a 1-for-2 bonus issue of warrants, which will be on July 13. This follows the completion of a proposed acquisition and share issuance.
To recap, IDimension proposed to acquire the remaining 20% stake in its 80%-owned subsidiary IDB Interactive Sdn Bhd from Online E-Club Management (OECM) for RM5 million, back in March. The acquisition was satisfied by the issuance of 50 million new ordinary shares in IDimension to OECM.
IDimension specializes in software solutions and maintenance services, mainly serving the manufacturing sector. In 2014, it ventured into the distribution of online games and other ICT products to telecommunication companies and general consumers.
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This article first appeared in The Edge Financial Daily, on April 27, 2015.
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[You must be registered and logged in to see this image.]
By Asia Analytica / The Edge Financial Daily | July 1, 2015 : 10:27 AM MYT
[size=14]IDimension Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
IDimension (Fundamental: 1.45/3, Valuation: 0.3/3) was last picked by our momentum alert on June 19 at 12.5 sen. The stock has since see-sawed, before closing 4.0% higher at 13 sen yesterday as volume traded jumped over three-folds to 32 million shares.
Last Friday, the company announced the ex-date for a 1-for-2 bonus issue of warrants, which will be on July 13. This follows the completion of a proposed acquisition and share issuance.
To recap, IDimension proposed to acquire the remaining 20% stake in its 80%-owned subsidiary IDB Interactive Sdn Bhd from Online E-Club Management (OECM) for RM5 million, back in March. The acquisition was satisfied by the issuance of 50 million new ordinary shares in IDimension to OECM.
IDimension specializes in software solutions and maintenance services, mainly serving the manufacturing sector. In 2014, it ventured into the distribution of online games and other ICT products to telecommunication companies and general consumers.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on April 27, 2015.
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