Home / Street Sector / Recommended Mix Momentum Stocks: Siliconware Precision Industries (NASDAQ:SPIL), Net 1 Ueps Technologies (NASDAQ:UEPS)

Recommended Mix Momentum Stocks: Siliconware Precision Industries (NASDAQ:SPIL), Net 1 Ueps Technologies (NASDAQ:UEPS)

Siliconware Precision Industries Co. Ltd. (NASDAQ:SPIL) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.69% to close at $7.20 with the total traded volume of 76709 shares. Advanced Semiconductor Engineering, Inc. (ASE) and Siliconware Precision Industries Co., Ltd. (NASDAQ:SPIL) together reported that on November 16, 2016, the Taiwan Fair Trade Commission resolved to give clearance to the notification submitted by ASE on July 29, 2016, in respect of the merger take partd by ASE and SPIL as well as a new holding firm established through share exchange among the two companies based on the joint share exchange contract among ASE and SPIL dated June 30, 2016.

The firm has institutional ownership of 3.60%, while insider ownership included 1.50%. Its price to sales ratio ended at 1.73. SPIL attains analyst recommendation of 2.00 with week performance of 0.56%.

Net 1 Ueps Technologies Inc. (NASDAQ:UEPS) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.65% to $10.69. Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) reported that it has agreed with Blue Label Telecoms Limited to extend the subscription date for the Firm’s proposed investment in Blue Label. On November 16, 2016, Blue Label’s shareholders voted in favour of placing about 118 million authorized but unissued Blue Label shares under the control of Blue Label’s directors for the purpose of the Net1 vendor consideration placement pursuant to Blue Label’s proposed investment in Cell C.

The parties agreed to extend the subscription date from November 17, 2016, to no later than February 28, 2017, in order to afford Blue Label the necessarily flexibility to close its proposed Cell C transaction. Blue Label and Cell C have agreed to extend their proposed transaction date in order to provide Cell C the necessary time to additional reduce and restructure its borrowings to ZAR 6 billion from ZAR 8 billion before.

Blue Label and Cell C have agreed February 28, 2017, as the recent date for the fulfillment or waiver, as the case may be, of the final condition precedent to this proposed transaction. The share price of UEPS attracts active investors, as stock price of week volatility recorded 2.83%. The stock is going forward to its 52-week low with 27.72% and lagging behind from its 52-week high price with -32.94%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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