To me I want to sleep soundly every night. Taka is a hot air balloon player. Ifca might go up to 80 cents or higher. But it can also suddenly go Limit Down like Sumatech from 60 cents to 40 cents within 1/2 hour.
Now have you seen the faces of those who bought Sumatech at 60 cents & within 30 minutes it crashed to 40 cents. I have seen their laughter turned to shock. And I really don't like it.
TREASURY SHARES The portion of shares that a company keeps in their own treasury. Treasury stock may have come from a repurchase or buyback from shareholders; or it may have never been issued to the public in the first place. These shares don't pay dividends, have no voting rights, and should not be included in shares outstanding calculations.
BJCorp paid-up share capital 4.3billion @ RM1.00 par. Limit of share buy back by SC at 10% ie. 430million shares. Total No. of shares Retained in Treasury as at 17/10/2014 163million shares. Will it buy back the total eligible balance of 267million share b 4 share price moving north? If yes, how long will it take to buy back up to 10% of capital?
Your view & advice please. TQ.
CyborgMust throw counter... no good, buy only when high momentum... but imo need to wait 2-3 years to move around 0.60c...
BJ Corp has 4.3 Billion Shares. At 49 cents The Market has Grossly Mispriced It at About RM2 Billions.
Since more than 50% already in Top 30 Shareholders hand. BJ Corp's Cash Can just gobble up the remaining shares from all Share holders for a song.
How? Just buy up 10% from Market at 50 cents & below & cancel it when it reaches 10%. Then buy another 10% & kept repeating it. In No Time There Is No More BJ Corp Shares Left in free float for trading. Then?
Then BJ Corp sell some assets & return 50 CASH to All Shareholders.
After That All Are Holding Free BJ Corp Shares For The Rest of Your Lives!
IT'S SO EASY!
CyborgHigh debt company and no prospect business, operation loss and expected to be loss in 3-10 years... will always sell asset to show have income in qr.... then continue sell asset until nothing zero