TASI-1830: LEEJAM SPORTSBullish bias for TASI-1830: LEEJAM SPORTS
BUY-1 at 178.8 and BUY-2 at 176.6 with Stop Loss at 173.2
TP-1 = 182.0, TP-2 = 186.2, TP-3 = 190.8
1830 trade ideas
LEEJAM sports TASI 1830Great bro, the price now hit top of channel so we expect a little correction. Any way our target still not reach yet. Good to. Take some profit here. Good luck
1830 #TASILeejam Sports Company is a Saudi joint stock company established in the Kingdom of Saudi Arabia virtue of the Ministerial Resolution No. 146/S dated 29/4/1429H (corresponding to 6/5/2008G) and registered in the city of Riyadh under Commercial Registration No. 1010337986 dated 14/6/1433H (corresponding to 6/5/2012G). The current share capital of the Company is five hundred twenty three million eight hundred thirty three thousand and six hundred and ten Saudi Riyals (SAR 523,833,610) consisting of fifty two million three hundred eighty three thousand and three hundred and sixty one (52,383,361) ordinary shares, with a fully paid nominal value of ten Saudi Riyals (SAR 10) per share . The Company was originally established on 29/4/1429H (corresponding to 6/5/2008G) as a closed joint stock company registered in the city of Jeddah under Commercial Registration No. 4030180323 dated 19/6/1429H (corresponding to 24/6/2008G), with a capital of ten million Saudi Riyals (SAR 10,000,000) consisting of one million (1,000,000) ordinary shares with a nominal value of ten Saudi Riyals (SAR 10) per share. On 25/12/1429H (corresponding to 24/12/2008G), the Company acquired the trademark (Fitness Time), which was owned by Fitness Time Establishment for Trading (currently Fitness Time Company for Trading),. Pursuant to the Extraordinary General Assembly Resolution dated 17/1/1431H (corresponding to 3/1/2010G), the capital of the Company was increased to one hundred ninety five million Saudi Riyals(SAR 195,000,000) consisting of nineteen million five hundred thousand (19,500,000) ordinary shares with a nominal value of ten Riyals (SAR 10) per share.On 14/6/1433H (corresponding to 6/5/2012G). the Company head office was transferred from Jeddah to Riyadh. On 28/7/1438H (corresponding to 25/4/2017G).the Company capital was further increased to SAR 523,833,610 consisting of 52,383,361 ordinary shares with a nominal value of SAR 10 per share. through capitalizing an amount of two hundred and sixty four million three hundred and thirty five thousand eight hundred and eighty six Saudi Riyals (SAR 264,335,886) and an amount of sixty four million and seven hundred and twenty four Saudi riyals (SAR 64,497,724) from the Company retained earnings and statutory reserve as of 2/4/1438H (corresponding to 31/12/2016G)
1830 #TASILeejam Sports Co. JSC engages in the management and operation of sports and recreational centers. It's activities consist solely of the provision of high quality health, fitness facilities, and personal training services. The company was founded by Abdul Mohsen Bin Ali Al-Hagbani in May 6, 2008 and is headquartered in Riyadh, Saudi Arabia.
1830Technical analysis on 1830.
Leejam is a category killer for sure, and it is expanding to dominate the gym market in KSA, so the company is excellent for long term hold. However, right now the price is too high buy, just wait till the price fall closer to 66 SAR.
