14-05-2013, 09:11 PM
(13-05-2013, 09:29 PM)CityFarmer Wrote:(13-05-2013, 05:37 PM)KopiKat Wrote: Today is the 1st trading day after the SGX Annc of HY results (div 3.5ct) + Proposal of Capital Reduction ($3.28). For the Capital Reduction, it has to be approved in an EGM (date not fixed), so, there's no 100% certainty.
Today's figures for future reference / studies,
Open @ $9.07
Close @ $9.08, +$0.20
Last done $9.14 @ 5pm
Range : $9.07 to $9.21
Vol : 4,959,000
My guess is prices will be volatile (good for traders) for a while and then likely to trend lower when EGM date is closer. The results of EGM will determine the next price direction. Will be watching and learning till then... In the meantime, I'll maintain radio silence, send myself to the freezer to maintain peace here... Good Luck to all!
IMO, EGM will be held ASAP, probably by end of May. I don't foresee any issue for the approval of EGM, but we never know.
ThaiBev expressed its intention for the EGM resolution, not surprisingly, it will vote for it with its 28.61% shares.
http://info.sgx.com/webcoranncatth.nsf/V...B003C2BBA/$file/Vote_Support_FNN_Capital_Reduction.pdf?openelement
I don't think TCC Asset will vote against in the EGM. So a done deal...
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡