KUALA LUMPUR: Shares of KUMPULAN JETSON BHD [] fell to a three-month low on Monday, June 27 in the absence of fresh positive corporate developments.
At 11.14am, it was down 12 sen to RM1.09, the lowest since March 23. The warrants, Jetson-WA fell four sen to 33 sen.
The warrants are way out of the money considering the conversion price is RM1.08. The expiry date of warrants is Nov 27, 2012.
The 17 million free detachable warrants were issued on Nov 28, 2002.
Jetson posted net loss RM1.09 million in the first quarter ended March 31, 2011 compared to net profit RM981,000 a year earlier, due mainly to lower revenue contributions from its CONSTRUCTION [] and property division.
Revenue for the quarter fell to RM30.09 million from RM52.82 million. Loss per share was 1.69 sen while net assets per share were RM1.76.
At 11.14am, it was down 12 sen to RM1.09, the lowest since March 23. The warrants, Jetson-WA fell four sen to 33 sen.
The warrants are way out of the money considering the conversion price is RM1.08. The expiry date of warrants is Nov 27, 2012.
The 17 million free detachable warrants were issued on Nov 28, 2002.
Jetson posted net loss RM1.09 million in the first quarter ended March 31, 2011 compared to net profit RM981,000 a year earlier, due mainly to lower revenue contributions from its CONSTRUCTION [] and property division.
Revenue for the quarter fell to RM30.09 million from RM52.82 million. Loss per share was 1.69 sen while net assets per share were RM1.76.
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