This is not just another common listed entity in Singapore. The history of this stock leaves many seasoned investors stunted like a school boy watching Ms. Eng walking down Holland Village.
On 15 April 2009, the share price of Uni-Asia suddenly jumped 54% from the opening price of 29.5 cents to 45.5 cents with whopping volume of 1.62M shares changed hand. That is after it hit the intraday high of 49 cents before the trading halt during lunch time. This is unusual because the normal trading volume is hardly more then 100 lots with many days without a single share traded.
The answer to this mystery seems to be in an announcement after trading halt about the letters of demand they issued to reclaim the deposit for prior order.
The letters of demand are issued on 12 and 13 April respectively. Why the announcement has been made only on 15 April 2009 after the share price ran wild?
Is this announcement is not material and price sensitive? Why 14 April missing from the calendar?
Congratulation if you are the lucky one. Uni-Asia closed at 50 cents today.
On 15 April 2009, the share price of Uni-Asia suddenly jumped 54% from the opening price of 29.5 cents to 45.5 cents with whopping volume of 1.62M shares changed hand. That is after it hit the intraday high of 49 cents before the trading halt during lunch time. This is unusual because the normal trading volume is hardly more then 100 lots with many days without a single share traded.
The answer to this mystery seems to be in an announcement after trading halt about the letters of demand they issued to reclaim the deposit for prior order.
The letters of demand are issued on 12 and 13 April respectively. Why the announcement has been made only on 15 April 2009 after the share price ran wild?
Is this announcement is not material and price sensitive? Why 14 April missing from the calendar?
Congratulation if you are the lucky one. Uni-Asia closed at 50 cents today.
0 comments
Post a Comment