Saturday, June 16, 2007

Favelle Favco lifting the crane!

Favco stock no:7229 Registered office:lot586,2nd ml Jln Batu Tiga Lama.Selangor.
Nature of business:- design & development of lifting technologies,produces heavy-duty cranes catering to offshore oil & gas,construction & shipyard industries.
The AGM was held recently on 25th June 2007 at Hotel Shah Alam.
Among other thing a first & final dividend 1.75cents (Tax Exempt) Xdate:28.08.07 Pd:24.09.07
Major shareholder:Muhibbah Engineering Berhad=98,000,000 shares (58.33%)
Authorise pd-up:RM500m Paid-up:RM84m Listed on 15.08.06 ordinary shares:50cents.

On the 7.06.07 submited to SC for proposed Transfer Main Board listing.
Shareholders fund:RM115,123(2006) RM70,351(2005)
So do you think will there be a bonus proposal in this exercise.
Is the share price still worth a buy at RM1.87.(Friday 15.6.07 closing) A bullish marubozu
Highest Price:RM1.94 (15.06.07)
Lowest Price:RM0.73 (19.12.06)
Highest Volume:58,307 (29.05.07)