Federal Int    Last:0.142   -

Federal

So now have they finished converting......Price start to go up today.

Is it the time for vesting.....? Cheers!

 

The directors are converting their warrant to mother share. After these exercise, the price will go up.

 

Recent SGX anouncement notices that the major shareholders keep buying up this counter before the anouncement of the right issue and dividends........But the price keep pushing down, very strange leh.....

Any comments...

 

Dead horse cannot run ....... downtrend suspected

 

I believed it is not only me alone read this announcement on 22/11/2006. This may be one of the reason why the price rise until 18/12/2006. But not matter how, Federal's business is similar to Rotary and the profit is much better than last year. The bonus and right issue is not so bad.

I heard that the CD day maybe in Jan. 2007.  

 

Hi lis_wang,

It could be that the staff has posted this announcement before the embargo has lifted.

Normally, announcement of such nature will need trading to be halted. Let see if ther is a halt request on this counter next week.

Cheers.

 

Those who are bullish on this one must pardon me for saying this.

Somehow I have the urge to sell this one, as it appears to me to have started downtrending...

 

On 22/11/2006, I browsed Federal's website (http://www.federal.com.sg/, Investor Relationshop/news and announcement) and found there is a news announce on this day regarding the company will buy back the share from open market at $0.75. But on the second day (23/11/2006) about 8:30am, I tried to download the announcement PDF file and found that the annoncement was deleted. I was very surprised and I do not think I made a mistake as I also shew to my friend when I read the Federal's announcement on 22/11/2006. This announcement is linked to SGX's website's news and announcement, how can it be deleted less than 24 hours.

Is there anybody read this announcement? 

 

The rise was probably due to the impending bonus dividend/rights issue. Some people then bought on the hope that the rise was due to some kind of super contract announcement. Then the news emerges that it was a dividend/rights issue. Not that this is a bad news, but it is rather underwhelming, in my view. So some people might be selling in disappointment.

 

Hi, singaporegal

What TA indicator you are using?

 

Be cautious... this counter seems to be on a downtrend now

 

Hi, singaporegal 


This counter has dropped 3 days already after the company announce the dividen and right issue. I also heard that the price will go above $1 next year. What is your view about this counter?  

 

A proposed interim bonus dividend for the financial year ending 31 December 2006 ("a proposed renounceable non-underwritten rights issue (FY2006") of S$0.0875 less tax of 20% (or S$0.07 net) ("Bonus Dividend") per ordinary share of the Company ("Share") in respect of Shares held by shareholders of the Company ("Shareholders") as at a books closure date to be announced by the Company ("Books Closure Date"). The Bonus Dividend will be paid to the Shareholders at a later date to be announced by the Company; and "Rights Issue") of up to 63,073,163 Shares of the Company ("Rights Shares") at an issue price of S$0.28 for each Rights Share ("Issue Price"), on the basis of one (1) Rights Share for every four (4) Shares held by Entitled Shareholders (defined below) as at the Books Closure Date, fractional entitlements to be disregarded and availability of option to elect to utilise the Net Bonus Dividend (defined below) to subscribe for Rights Shares.

 

Whats cooking for this counter? price heading north. Anyone out there keen to comment

 

not sure what good news. But I think you'll see an explosive uptrend (from what I interpret in the TA charts) over the next few days. 

 

There seems to be alot of interest on this share yesterday. Anyone knows any good news coming out?