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Swim With Sharks

Author: swimwithsharkss   |   Latest post: Thu, 22 Jul 2021, 4:13 AM

 

UNCOMMON ACTIVITIES SPOTTED ON RECENT CORPORATE EXERCISE OF THIS COMPANY!!

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I had spotted several interesting things going on about AGESON BERHAD (KLSE:AGES) and would like to have a further discussion on the potential return of AGES could give us.

  • From a technical standpoint, the company share price had dipped into the 11.5 cents region for multiple time but couldn’t go down. Coupled with the reduction in volume traded, this is a very “text-book” version of consolidation pattern.
     
  • Construction sector is down over 8% in May 2021, but AGES was not affected by the downturn.
     
  • Historical high growth in revenue and net profit of the company, but no dividend has been distributed yet.
     
  • “Suspicious” conversion of ICPS at the price of 13.0 cents per share, which has amounted to 20.8 million in the most recent announcement.
     

Based on the several factors above, AGES’s share price is still remaining resilient despite the lockdown. A more interesting thing to consider is the collection of share price as well as abnormal conversion of ICPS to mother share at a premium. My question is, why?

Most likely, there are some interesting developments going on with AGES. Unfortunately, no useful information is able to be extracted from the forum as it seems like the previous hateful owner of AGES – Dato Fong hired some keyboard warriors to attack the forum.

Anyhow, AGES looks like a very interesting case study. Thoughts?

 

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