ACB jump up this morning from 0.985 to closing of 1.14. Day high done at 1.20. Up 16% in 1 day. What has happen ???
This counter has moving around from range of 0.70 - 0.90 since Lion Div announce to demerge & transfer the Parkson assets to ACB in early Oct.
Nothing has change untill now, this proposal still in preliminary stage and all approval needed still pending.
The only thing happen is just an announcement to change name from ACB to Parkson Group Bhd on 29/11/06.
BEWARE THE RISK TAKEN WHEN U BUY IT AT 1.14, U ARE BUYING A COMPANY THAT DO NOT POSSESS ANY CORE BIZ AT THIS MOMENT. HOW IF THE DEMERGE EXCERSICE CALL OFF ?
IF U ARE SO EXCITED FOR PARKSON BIZ, THEN IT'S ADVISABLE TO INVEST IN LIONDIV THAN ACB.
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