Broadway had explosive move today

More
17 Dec 2019 21:51 #25153 by BNN
Closed 49% in one day, today.

there were 2 articles some time ago on its deep undervaluation.


BROADWAY INDUSTRIAL: Bought shares from 3.8 c to 8.8 c in past year
www.nextinsight.net/story-archive-mainme...m-3-8-cts-to-8-8-cts

DCG Asia Value Fund: Why we hold SBS TRANSIT, BROADWAY INDUSTRIAL
www.nextinsight.biz/story-archive-mainme...-broadway-industrial

Please Log in or Create an account to join the conversation.

More
18 Dec 2019 09:59 #25155 by BNN
Broadway's response to SGX query:

The Company had announced on 28 November 2019 that it is currently engaged in discussions with
two prospects on possible merger and acquisition transactions as part of the Group’s ongoing strategic
review to diversify, expand the Group’s existing business and unlock Shareholder’s value (the
“Strategic Review”). The discussions are still ongoing, but the Company has not made any decision
with respect to, and has not entered into any agreement in relation to, the Strategic Review, and there
is no certainty or assurance whatsoever that these discussions will progress beyond the current stage
or that any transaction will arise from these discussions
Save as disclosed above , the Board is not aware of any information which has not been previously
announced concerning the Company and/or the Group which, if known, may explain the unusual price
movements in the Company’s shares on 17 December 2019.

Please Log in or Create an account to join the conversation.

More
24 Dec 2019 11:03 #25163 by BNN
Touched 12 cents liao.
Wonder what "strategic review" plan is going to transform Broadway.

Please Log in or Create an account to join the conversation.

More
18 Apr 2022 20:50 #25969 by BNN
UMS Holdings has appeared in the Top 20 shareholder list of Broadway, in the latest annual report.

UMS is shown to hold 6,797,300 shares, which is 1.49% stake. 
UMS was not listed in T20 in the previous AR 2020.

What is UMS intent? As passive stakeholder? Or it's getting close to Broadway to perhaps assess if it's a worthwhile target for takeover?  

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings4.380-0.030
Avi-Tech Electronics0.295-0.005
Broadway Ind0.153-0.001
China Sunsine0.475-0.005
DISA0.0040.001
Food Empire0.5550.005
Fortress Minerals0.3750.025
Geo Energy Res0.410-0.020
Golden Energy0.5400.010
GSS Energy0.056-
InnoTek0.435-0.005
ISDN Holdings0.505-0.010
ISOTeam0.105-
IX Biopharma0.169-
Jiutian Chemical0.094-0.002
KSH Holdings0.350-
Leader Env0.061-
Medtecs Intl0.186-0.002
Meta Health0.029-
Moya Asia0.062-0.001
Nordic Group0.4250.005
Oxley Holdings0.184-0.002
REX International0.245-0.005
Riverstone0.755-0.050
Sinostar PEC0.220-
Southern Alliance Mining0.6700.030
Straco Corp.0.390-
Sunpower Group0.3850.010
The Trendlines0.0960.002
Totm Technologies0.124-0.002
UG Healthcare0.210-0.010
Uni-Asia Group1.080-
Wilmar Intl4.180-0.020
Yangzijiang Shipbldg0.960-0.015

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 406 guests and no members online