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I Tot tis co juz signed new projects in Middle East?
AND then suddenly profit warning?!
now I'm Stuck!
I think this counter is issuing a bonus issue, that's why the price surge. 2 for 1. ie it about right at about 90 cents
Dayen's share price has been climbing since early Jan 07. Good luck to those still holding to it. Vested.
Dayen's price reached its 52 week high today. Sam Goi is one of the SSH. Beside Dayen, Sam is also SSH of supper coffee, union steel and asia environment and their prices have gone up recently. It appears that Dayen is playing catching up now. Good luck to those vested.
Shares of Dayen appear to be tightly held by the shareholders. It is very quiet maybe something is brewing. It is good to put it under one's radar screen.
It will place out 3 mln new ordinary shares priced at $0.55 each to Al-Julanar SA, a private investment arm of Consolidated Contractors Co (CCC). The shares represent 3.72% of Dayen's issued capital. The company will also grant Al-Julanar an option to subscribe for additional new shares representing 6-10% of Dayen's capital, exercisable within six months from the date of the options agreement.
Judging from its name, I guess it's from Saudi Arabia. Another shareholder from Mideast. This reflects the confidence in the stock.
It expects increased revenue from its overseas operations in the year to Sep 2007 as it starts to reap the benefits of its investments in China, India, Oman, Cambodia and the US, the Business Times quoted CEO John Lee saying.
Dayen currently has an orderbook worth $54m, of which one-third are from overseas contracts. Contracts included herein are to be met over the next 20 months.
The increasing number of projects from overseas will help offset falling contributions from its Singapore operations, Lee said.
Hyflux went into the mid-east and prices rose. Then they came out and prices fell. Now Dayen is going in. What's the take?
The presence of majority shareholders created interest in this stock. It rose today.
Stephen Lee, the chairman of SIA will acquire 13.12m shares or 16.7% to become a substantial shareholder. Popiah King Sam Goi took up 25.46m warrants at $0.02 each. If these are fully exercised, he will own a total of 50.93m shares.
Last month, Dayen announced that it would set up a 50:50 JV with Saudi Arabia's Energy Resources Development to provide environmental engineering services - such as water, waste-water and solid waste treatment - in Saudi Arabia.