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pec...a cash rich counter to be look out for
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shk363
Elite |
17-Feb-2025 10:13
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maybe another lowball offer. the price stagnant at 82 to 85 past few months so likely this price.
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ysh2006
Supreme |
17-Feb-2025 08:40
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Trading halt for what announcement ? Guess take over possible ? | ||||
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ysh2006
Supreme |
09-Dec-2024 08:53
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Maybe after Hai Lek will be this one ....boss buy at 85c so maybe around that price.... | ||||
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sengkang
Master |
06-Dec-2024 11:45
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Is the deal off? | ||||
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Bigwin$
Member |
06-Dec-2024 11:39
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Seems like CON job | ||||
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AttasBoss
Elite |
03-Dec-2024 15:17
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wow very very good timing vested share award at 0.87, shui shui boh hourse lari | ||||
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shk363
Elite |
03-Dec-2024 08:49
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seems like a takeover is imminent
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Bigwin$
Member |
03-Dec-2024 08:45
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Everyday have 1000++ lots traded and price up. Very encouraging for illiquid counter. | ||||
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ysh2006
Supreme |
03-Dec-2024 08:33
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The shadow is boss took the share award at market price ....
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Bigwin$
Member |
03-Dec-2024 04:58
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No sound, no shadow. | ||||
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AttasBoss
Elite |
29-Nov-2024 10:47
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offer should be 1.2-1.38 | ||||
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Joelton
Supreme |
29-Nov-2024 10:46
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PEC rises after talks of potential share deal
The counter climbs 11.4 per cent or S$0.085 to S$0.83 as at 11.18 am.
SHARES of engineering company PEC : IX2 +10.07% were up 11.4 per cent on Thursday (Nov 28) following talks of a possible share deal.
As at 11.18 am, the counter had climbed 11.4 per cent or S$0.085 to S$0.83, hitting a record high in more than a decade. PEC shares last rose above this price point in 2012.
At the midday trading break, the stock had traded up by 10.1 per cent or S$0.075 to S$0.82, with 1.2 million securities switching hands. As at 1.33 pm, it was still up by 10.1 per cent.
No married deals were recorded, based on ShareInvestor data. On Wednesday (Nov 27), the company said in a bourse filing that a third party had approached it about a &ldquo possible transaction&rdquo in relation to its shares.
However, it said that no decision had been made and that there was &ldquo no certainty or assurance&rdquo that any transaction in respect to its shares would take place.
PEC shares have been on an uptrend this year and have soared 40.6 per cent year to date, based-off its latest closing price of S$0.745 for Wednesday.
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Bigwin$
Member |
29-Nov-2024 00:09
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Boss should not accept price below NAV. | ||||
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shk363
Elite |
28-Nov-2024 15:18
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exactly. no $1 no sell
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SmallSmall
Supreme |
28-Nov-2024 13:05
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NAV $0.9637 for those interested SHARES of engineering company PEC : IX2 +10.07% were up 11.4 per cent on Thursday (Nov 28) following talks of a possible share deal. The counter had climbed 11.4 per cent or S$0.085 to S$0.83 as at 11.18 am. At the midday trading break, the stock had traded up by 10.1 per cent or S$0.075 to S$0.82, with 1.2 million securities switching hands. On Wednesday, the company said that a third party had approached it about a &ldquo possible transaction&rdquo in relation to its shares. However, it said that no decision had been made and that there was &ldquo no certainty or assurance&rdquo that any transaction in respect to its shares would take place. |
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Joelton
Supreme |
28-Nov-2024 11:36
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PEC says it has been approached by a third party over a possible share deal
The engineering company notes there is &lsquo no certainty or assurance&rsquo whatsoever that any transaction in relation to its shares will occur
SHARES of engineering company PEC have been on a tear lately and a possible reason for that has emerged.
The company said in a bourse filing on Wednesday (Nov 27) that it had been approached by a third party &ldquo on a possible transaction&rdquo in relation to its shares.
However, it noted: &ldquo No decision has been made, and there is no certainty or assurance whatsoever that any transaction in respect of the shares in the company will occur.&rdquo
PEC shares have been on an uptrend this year, with a gain of 41 per cent so far.
However, much of it has come in the past three months.
Since hitting a trough of S$0.51 on Aug 27, the stock has risen 46 per cent on rising volumes.
Market watchers say that PEC&rsquo s disclosure on Nov 27 could herald the entry of a new major investor.
PEC said that it will make further announcements as and when appropriate.
It advised shareholders and investors to refrain from taking any action in respect of their shares in the company which may be prejudicial to their interests, and to exercise caution when dealing in such shares.
For the second half of its 2024 financial year ended Jun 30, PEC posted a net profit of S$10.8 million, almost trebling the S$3.9 million raked in during the corresponding year-ago period.
The company&rsquo s revenue, however, fell 15 per cent to S$204 million from S$240 million the year before.
Earnings per share for H2 FY2024 stood at 4.3 Singapore cents, up from 1.5 cents the year before, with the company recommending an ordinary dividend of 2 cents per share.
The company attributed its better performance in H2 FY2024 to an increase in project and maintenance works from overseas.
The company is currently actively bidding for projects and maintenance works in the Middle East, which it sees as a growing market, and believes its strategic investments there could translate into sustained demand for engineering, procurement and construction services and modular projects.
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SmallSmall
Supreme |
28-Nov-2024 11:20
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HOLDING ANNOUNCEMENT The Board of Directors of PEC Ltd. (the &ldquo Company&rdquo ) wishes to update its shareholders that it has been approached by a third party on a possible transaction in relation to the shares in the Company. No decision has been made, and there is no certainty or assurance whatsoever that any transaction in respect of the shares in the Company will occur. The Company will, in compliance with applicable rules (including the Corporate Disclosure Policy of the Listing Manual of the Singapore Exchange Securities Trading Limited), make further announcements as and when appropriate. Shareholders and other investors are advised to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests, and to exercise caution when dealing in such shares. In the event that shareholders of the Company wish to deal in the shares of the Company, they should seek their own professional advice and consult with their own stockbrokers. |
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sengkang
Master |
28-Nov-2024 09:33
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Potential corporate actions coming? | ||||
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Bigwin$
Member |
26-Nov-2024 02:51
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Seems like surging, what is the NAV ? | ||||
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shk363
Elite |
20-Nov-2024 21:08
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creeping up to $1 | ||||
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