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it is good that there are institutional funds vested at 14.6cents. It means that the stock is poised to move up further. personally, this stock will go beyond 20c to 30c just like Yongnam when the placement was done earlier. in addition, there will be more coverage on BBR in the news soon.
Hi Irene, the bar has been raised for BBR. Previously this is a less than 10c stock. Now, we can see that it is worth at least 15c in the market now. Yongnam is now going to 40c so BBR going to 20c is just a matter of time. Cheers!
Vested at 0.155. Target: 0.18
Hi chipchip66
BBR hit the top volume alright but in the wrong direction! Sigh! Wondering when it will see the light.
By the way, where did the 180,000,000 come from?
Thanks
If placement price is 14.6c and the market price is lower, maybe the buyer could have bought from the open market. As of now,the paper profit is 180,000,000 x 0.004 =$720,000.
hmm... looks like market is not taking in the information too well...
placement to a co and a BBR Director. We can view this as a confidence in BBR from their own people.
Aiya ..... why placement at below market price ?
Hi K H Neo, It stands for Mergers and Acquisitions :)
Hi guys I'm new here can someone explain to me what's M&A thanks
Hi dfusion, with the placement of shares, there will be more funds for the company and hence, more confidence. The NAV will be increased from 1.11c to 2.59c with the successful placement. I believe BBR will be in the top 10 actives list today!! Say 60 million vol ?
yammy74 - look up th announcement page in SGX
chipchip66 - i'm surprised that you got the information 10 mins before the announcement stated in sgx.. some insider news you have? ayway, i dun understand why you say that the placement is good where shares are placed at a price lower than the current market price. care to explain?
Hi chipchip66,
How do you know?
180 million shares to be placed out at 14.6c a share. Total proceeds will be about SGD26million. Trading resumes at 9am tomorrow.Good news guys, lets see the price movement tomolo.
Share placement unlikely to life share price in the short term. If it were M&A, price would fly .
The best scenario is M&A !!!
New share placements? :P
i believe it will be good news that will propel the stock up. they announced that they are not tendering for any IR projects.....wondering what will the news be.
I bought in 24th Jan at 0.165 at high entry. waited neck long long till now to get rid of it. notice that 10MA has a golden crossover to 50MA, good sign too.
i am also surprised on the halt. sorry i cant find the link, can update?