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Current price at RM1.30 (20% above net assets of RM1.12 as of 31/12/06).
EGM for share split of 1 for 10 proposal on 23/4/07.
Would this counter repeat the trading pattern of Hovid whereby share price went up 30% 1 week before the exdate? Same story for Resorts World for the past few trading days?
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Just released an improve 1st qtr results with EPS of 2.83sen (annualised 11.32 sen). Negative operating cash flows with debt position of RM146 million and trade debts increased by 50+ million (equilvalent to 3 times of its gross protits). any comment?
OILCORP TOTAL ASSET IS 546MIL,,,LIABLITIES IS 231MIL...IS OK,,,,KONSORTIUM PERIKANAN NASIONAL BERHAD WILL BE THE LARGEST FISHERIES COMPANY BU 2010.....RM 1 BIL REVENUE,,,LATEST RESULT 2006,,,FISHING MARGIN IS 20% AGAIN SALE,,,,,,IF RM 1 BIL REVENUE,,,,,IT MEANS 200MIL PROFIT....CLOSELY TO OILCORP
oilcorp share split already confem by sc and bursa>>>.....date 25/4/07,more detail see http://www.bursamalaysia.com....,,,after meeting on 24/4/07..oilcorp send letter to bursa and sc...this is from sc and bursa respone
Type
: Announcement
Subject
: OILCORP BERHAD ("OILCORP" OR "COMPANY")
(I) PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY ONE (1)
EXISTING ISSUED AND FULLY PAID-UP ORDINARY SHARE OF RM1.00 EACH
IN OILCORP INTO TEN (10) NEW ORDINARY SHARES OF RM0.10 EACH IN
OILCORP ("PROPOSED SHARE SPLIT"); AND
(II) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF
ASSOCIATION OF OILCORP ("PROPOSED AMENDMENTS")
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
Contents :
Further to the announcement dated 17 April 2007 in relation to the Proposed Share Split, on behalf of the Board of Directors of Oilcorp, Public Investment Bank Berhad (formerly known as PB Securities Sdn Bhd) is pleased to announce that Bursa Malaysia Securities Berhad has, vide its letter dated 24 April 2007, approved the Proposed Share Split.
This announcement is dated 25 April 2007.
normal days to annocment of ex-date is 33days after vide letter from company
