RE: gets green light 9 Apr 2015 09:13
A lot higher imho should be getting rerated.
The Times Tiddler to Watch: Canny traders kept a close eye on Resource Holding Management
average price that indicates a value for RHM shares
of 54p.
http://www.proactiveinvestors.co.uk/columns/guardian-cfds-newspaper-briefing/15046/in-the-papers-government-likely-to-reduce-lloyds-stake-this-spring-15046.html
Resource Holding Management (RHM) Investment VALUE In PUC FOUNDER (MSC) BHD GBP 16.58m
and a current market cap of 3.14m.
RHM’s holding of 543,168,402 shares in PUCF is valued at approximately GBP 16.58m*, based on today’s closing share price of PUCF of RM 0.1700 on the ACE Market.
The Board of RHM announces that the Company sold 42,800,000 ordinary shares of RM0.10 in PUC Founder (MSC) Berhad (“PUCF”) on the Bursa Malaysia’s ACE Market (the “ACE Market”) on 11 March 2015 at a price of RM 0.14 per share (the “PUCF Share Sale”). The net proceeds of the PUCF Share Sale for RHM were RM 5,981,812 (approximately GBP 1,074,274*). The Company intends to use the net proceeds from the PUCF Share Sale for general working capital purposes.
Following the PUCF Share Sale, RHM holds 543,168,402 shares in PUCF, which now represents 51.11% of PUCF’s current issued share capital, and 36,215,840 warrants to subscribe for new PUCF shares. RHM’s holding of shares and warrants in PUCF is held within RHM’s wholly owned subsidiary, RedHot Media International Limited.
RHM’s holding of 543,168,402 shares in PUCF is valued at approximately GBP 16.58m*, based on today’s closing share price of PUCF of RM 0.1700 on the ACE Market.
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