hiddengemFIBON has been on the consolidation mode for the past 10 days as a result of weak mkt sentiment & profit taking activities including the substantial shareholder MALAYSIA VENTURE CAPITAL MANAGEMENT BHD by reducing its stakes fr 8,366,949 units to 7,071,949 units.
The disposal of FIBON was done from 7/11/2013 to 19/11/2013 but they r still a substantial shareholder n holding 8.53% of FIBON's shares.
V hope that FIBON will rebound & show its strength again next week before & after the dividend exdate on 28/11/2013 @ RM12.50 net per share. Good luck.
hiddengemTA's valuation & target price of 0.50 for FIBON is totally inaccurate as it does not reflect the true intrinsic value or fair value of FIBON which was valued at 0.76 per share, based on Mr kcchongnz more realistic method of valuation called the Absolute PE valuation method.
For more detail on FIBON valuation, kindly refer to Mr kcchongnz's thread. TQ