MyViewThe worse is over for this stock. They lost the tower tender nusiness in 2014. That is why the profit came down. That is why Instaco bought 35% of Neata to bring in 17mil profit per year ( 1.3 sen per year). The major share holder or boss is now Ang Li Hann. This is a new game. With the rights issue, Instaco is cash rich. I believe Instaco will buy more into Neata. If Instaco buy 100% into Neata, the profit should be 48mil or at least 2.0 sen per share with the enlarge capital. You can analyse the rest and share your opinion.
If that shareholder keep it and place it to the institution market, it will be a win-win situation. (because institution can't buy and sell frequently, hence, doesn't affect the supply much )
But instead of that, he sell it in open market. Supply gone up.... Demand can't cope up.. Sayonara.
CFTraderAfter all, nobody listen to me because everybody is listen to WiseEye for the wise advice.
MyViewCFTrader, it doesn't matter who doesn't listen. Most important is you are smart. I only came in later. I think you are talking about Ngu ( former director ). He and Anne Kung ( CEO ), cant see eye to eye. That's why the share price collapsed. Now new major shareholder Ang. New ball game. Bought 35% of Neata Minimum profit guaranteed is 17 million per annum or EPS1.3 sen. Eventually will buy 100% of Neata with profit of 48mil or EPS 2.0 sen or better. Good luck.