Tritech    Last:0.006   -

Tritech

Means good or bad??? Now $0.315 will still up??

Octavia      ( Date: 27-Sep-2013 15:17) Posted: Proposed 1-into-2 share spilt in a bid to improve liquidity. Following the share split, Tritech will issue bonus 5-year term warrants on the basis of 1-for-2 with an exercise price of $0.20/share. As an illustration (based on the last closing price of $0.715), the bonus warrants would be deep-in-the-money with a discount of 44% to the post share-split theoretical adjusted price of $0.3575. The estimated gross proceeeds, assuming warrants are fully exercised, of $77.3m will be used for group's future expansion plans in its engineering and water-related businesses and general working capital.

 

In a reply to SGX's query on with regards to its trading activity in the morning, Tritech has stated that the company is not aware of any information which might have caused the activity. Tritech has clarified that the group is still in the midst of its proposed restructuring and the spin off listing of its limestone business on Hong Kong Exchange. Separately, Tritech's wholly owned subsidiary, Qingdao Terratech Resources, has announced four contract orders worth an aggregate Rmb88.5m (S$18m) for the sale of marble and marble related products to individual property development companies in China. Delivery will be progressive, starting from mid-2014. Counter will resume trading at 4.45pm.

 

seems like an ascending triangle .....

any potential of an expansion breakout as the lows creeps up higher by the day ?

 

wat happened?!

 

If the proposal is successful, when will they base the date for issuing the warrant from? before the halt? 

 

Proposed 1-into-2 share spilt in a bid to improve liquidity. Following the share split, Tritech will issue bonus 5-year term warrants on the basis of 1-for-2 with an exercise price of $0.20/share. As an illustration (based on the last closing price of $0.715), the bonus warrants would be deep-in-the-money with a discount of 44% to the post share-split theoretical adjusted price of $0.3575. The estimated gross proceeeds, assuming warrants are fully exercised, of $77.3m will be used for group's future expansion plans in its engineering and water-related businesses and general working capital.

 

Is this a good news? Sell off or hold onto it is a better choice? Thanks

hipster78      ( Date: 27-Sep-2013 09:08) Posted: SGX News  ·  Mehr Nachrichten von  SGX News TRITECH GROUP LIMITED: (1) PROPOSED SHARE SPLIT OF EVERY ONE (1) ORDINARY SHARE IN THE CAPITAL OF TRITECH GROUP LIMITED (THE " COMPANY" ) INTO TWO (2) ORDINARY SHARES AND (2) PROPOSED BONUS ISSUE OF WARRANTS OF THE COMPANY TO EXISTING SHAREHOLDERS. Miscellaneous * Asterisks denote mandatory information Name of Announcer * TRITECH GROUP LIMITED Company Registration No. 200809330R Announcement submitted on behalf of TRITECH GROUP LIMITED Announcement is submitted with respect to * TRITECH GROUP LIMITED Announcement is submitted by * Wang Xiaoning Designation * Managing Director Date & Time of Broacast 27-Sep-2013 02:13:48 Announcement No. 00005 Price Sensitivity Yes

 

 

any idea why halt？

hipster78      ( Date: 26-Sep-2013 10:54) Posted: Halted! *praying hard*

 

Halted! *praying hard*

 

This stock has been consolidating for a while. If the bollinger expansion occurs upwards, it will be a good sign. 

 

Finally it's moving!!!

Mirach next!

 

Today is T+5. So there was forced selling towards the end of the day. However, there was good support and the price quickly goes back to 0.62. Nevertheless, trade cautiously.

 

What's happening? dropped til 0.615

seanpent      ( Date: 17-Sep-2013 11:07) Posted: my guess is that this one's impulsive nature is gonna surface again anytime soon ..... hopefully, target to knock down the 71 wall this time round ..... seanpent      ( Date: 17-Sep-2013 10:24) Posted: Tritech is strengthening ..... technical similarities to Dukang, just before Dukang's long white candle on 13 Sep 2013 ....

 

Cut loss.... Heart very pain...

 

my guess is that this one's impulsive nature is gonna surface again anytime soon ..... hopefully, target to knock down the 71 wall this time round .....

seanpent      ( Date: 17-Sep-2013 10:24) Posted: Tritech is strengthening ..... technical similarities to Dukang, just before Dukang's long white candle on 13 Sep 2013 ..... sieger      ( Date: 16-Sep-2013 20:10) Posted: In fact, I have already added as up to my portfoilio at 0.645. I saw the speed and volume being grabbed at the last five minutes.

 

Tritech is strengthening ..... technical similarities to Dukang, just before Dukang's long white candle on 13 Sep 2013 .....

sieger      ( Date: 16-Sep-2013 20:10) Posted: In fact, I have already added as up to my portfoilio at 0.645. I saw the speed and volume being grabbed at the last five minutes.

 

In fact, I have already added as up to my portfoilio at 0.645. I saw the speed and volume being grabbed at the last five minutes. 

 

added .....

nice level ....

 

u-turning upwards liao?

seanpent      ( Date: 15-Sep-2013 10:37) Posted: you are pretty sharp ..... this one like to do rocket moves ..... rocket fuel filled at fibonacci base .... probably anytime soon .... hope this time won't miss the rocket launch ..... sieger      ( Date: 14-Sep-2013 13:40) Posted: Hmm, price at  50%  fibonacci support and 20 day moving average support. Consolidation should be coming to an end soon. Just take note if it pushes past 0.67 with great speed and volume.