Target hit earlier than expected due to the release of their guidance. I guess that they were concerned that the sudden price movement might be queried by SGX. Most of what I mentioned is quite accurate, 2017 FY guidance, Bonus Issue (BI) and 2018 guidance although I expected only guidance for 1st half 2018. Which company in Singapore gives guidance for a whole year? It really shows the level of confidence of the management. There is plenty of juice left in this company.
Last year's BI was one for two. Even with that the total outstanding shares is only 65.5 million which is really small compared with most companies on SGX. To improve trading liquidity and attract institutional investors, they really need to increase the number of shares. I am guessing a one for one BI this time.
Trading Halt! The results may have leaked out. They would have to release the 4Q2017 results early like for the 1Q2017 results. Early Ang Bao for all AEM shareholders!
Reply to @mj0101 : Actually I do not wish for a takeover. Although the offer price may be 20% higher or more, I think the potential of AEM is very high and there is much more to grow.