singhiskingwhat's up with this stock? can hardly sustain an upwards momentum.
Lee Wehc Taikany news? drop so much today? plz drop more tomorrow! hehe
johnny cashis this placement positive or negative for cypark shares???????? any oppinion guys?????
johnny cashCypark Resources Bhd - Private placement announced Cypark's private placement is expected to raise around RM50-54m, which will be used mainly for working capital purposes. This will provide some relief to its balance sheet in supporting its current ongoing projects, namely the Ladang Tanah Merah (LTM) landfill, for which the concession is expected to start in the next two months. Due to the EPS dilution resulting from the placement, we believe that Cypark's share price could face some weakness in the near term, which we think is a good opportunity to accumulate the stock. We maintain our Add call on the stock, with an unchanged SOP-based target price of RM3.09. We believe the announcement of turnkey renewable energy (RE) projects could catalyse the stock.
pooketI've seen a disturbing trend with this stock over the past few months. Down days pretty much always have much higher volume than up days. This is not good! How low will it go? Is this because the Employee Provident Fund Board has been selling off and is no longer a major shareholder?
johnny cash asked if the share placement was good or bad. I'd say it's good long-term, but obviously bad short-term. I've owned this stock for a year and a half, and I'm getting a little aggravated. Other companies that are close to the govt. have shot up, and these guys just muddle along. Plus, why is EPF selling down? And when will Cypark get their MW quota raised?
Another problem is the price of the private placement shares is only 2.36. Usually, share prices trend down to that level after a while. I could see this stock in the 2.30's within the next month or two. Plus, what about the bursa? It looks worn out and tired. It just can't break 1,900, which is pretty sad considering that the S&P has been over 2,000 all week. Sorry for being negative, but the short-term just doesn't look good...