Bursa Alert
Global Market
NewsHot Stock KAF-Seagroatt rises 54 sen on takeover offer
Page 1 of 1
Hot Stock KAF-Seagroatt rises 54 sen on takeover offer
by Cals Sat 01 Aug 2015, 03:18
Hot Stock
KAF-Seagroatt rises 54 sen on takeover offer
KUALA LUMPUR (July 31): KAF-Seagroatt and Campbell Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose as much as 26%, following KAF Investment Bank Bhd’s takeover offer for the stockbroking firm.
Yesterday, KAF-Seagroatt and Campell (fundamental: 1.45; valuation: 1.4) announced that KAF Investment planned to buy 92.09 million shares, representing a 76.74% stake in KAF-Seagroatt & Campbell, for RM248.64 million or RM2.70 a share.
The move will lead to a mandatory general offer by KAF Investment for the remaining KAF-Seagroatt & Campbell stake at a similar price.
Today, KAF-Seagroatt and Campbell rose to an intraday high of RM2.62. At 10.37am, the shares were transacted at RM2.60, with 1.154 million shares traded.
KAF-Seagroatt and Campbell was the second-largest gainer across the bourse.
Its share trade resumed today, following a suspension yesterday in conjunction with the announcement of the deal.
(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.)
KAF-Seagroatt rises 54 sen on takeover offer
KUALA LUMPUR (July 31): KAF-Seagroatt and Campbell Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose as much as 26%, following KAF Investment Bank Bhd’s takeover offer for the stockbroking firm.
Yesterday, KAF-Seagroatt and Campell (fundamental: 1.45; valuation: 1.4) announced that KAF Investment planned to buy 92.09 million shares, representing a 76.74% stake in KAF-Seagroatt & Campbell, for RM248.64 million or RM2.70 a share.
The move will lead to a mandatory general offer by KAF Investment for the remaining KAF-Seagroatt & Campbell stake at a similar price.
Today, KAF-Seagroatt and Campbell rose to an intraday high of RM2.62. At 10.37am, the shares were transacted at RM2.60, with 1.154 million shares traded.
KAF-Seagroatt and Campbell was the second-largest gainer across the bourse.
Its share trade resumed today, following a suspension yesterday in conjunction with the announcement of the deal.
(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 HELP rises 9% on takeover offer
» Hot Stock Emas Kiara rises 4.71% on takeover offer
» Hot stock Damansara Reality rises 11% following two announcements linked to takeover offer
» Eng Teknologi rises on takeover offer
» LBS Bina's stake in ML Global rises to 51.2% after takeover offer expired
» Hot Stock Emas Kiara rises 4.71% on takeover offer
» Hot stock Damansara Reality rises 11% following two announcements linked to takeover offer
» Eng Teknologi rises on takeover offer
» LBS Bina's stake in ML Global rises to 51.2% after takeover offer expired
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum