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176 comment(s). Last comment by bigmama at Jul 6, 2019 6:26 PM
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Henry8833
643 posts

Posted by Henry8833 > May 16, 2019 3:23 PM | Report Abuse

Bursa and SC should abolish this stabilizing action and let shares to drop to its fair value rather than artificial supporting. Look at Uber IPO, shares dropped during IPO day...


Henry8833
643 posts

Posted by Henry8833 > May 16, 2019 3:23 PM | Report Abuse

After supporting for about 1 month, price will drop eventually like AAX


Junichiro
1819 posts

Posted by Junichiro > May 16, 2019 3:26 PM | Report Abuse

Posted by spider68 > May 16, 2019 3:10 PM | Report Abuse

Must be very desperate for money to sell at IPO price @ RM 1.10. Other company's major shareholders would have provided support instead of cashing out.

Those who got a big slice sold off because the share price did not perform. They sold n got back their capital while the stabilizing manager is still around. Everything is a gamble. When I attended a workshop on futures trading, the pro advise us to sell first ask later if the promising technical signals did not perform. Same with shares.


spider68
409 posts

Posted by spider68 > May 16, 2019 3:54 PM | Report Abuse

Now just hit @ RM 1.09 below IPO price ........ what a joke of an IPO.


sasword
731 posts

Posted by sasword > May 16, 2019 4:20 PM | Report Abuse

Will free fall like Lctitan.


PARKER
599 posts

Posted by PARKER > May 16, 2019 4:20 PM | Report Abuse

Collect low ba hehehehe


spider68
409 posts

Posted by spider68 > May 16, 2019 4:38 PM | Report Abuse

Reminds me of Multi Sports Holdings Sdn. Bhd. IPO where it enabled a pre-IPO investor (Hong Leong group of companies) to cash out by dumping shares below IPO price. IPO price @ RM 0.85. Today @ RM 0.01 also people don't want to buy. A lot of minority IPO shareholders got burnt leaving only ashes.


apolloang
16558 posts

Posted by apolloang > May 16, 2019 4:41 PM | Report Abuse

any counters that are relisted back is no good


lextcs
1891 posts

Posted by lextcs > May 16, 2019 4:41 PM | Report Abuse

don't worry mr lau will take it private again at 80c


lextcs
1891 posts

Posted by lextcs > May 16, 2019 4:42 PM | Report Abuse

is it ever a wonder that the rich gets richer thru their schemes and whimps?


apolloang
16558 posts

Posted by apolloang > May 16, 2019 4:43 PM | Report Abuse

another LCTITAN.....IPO should be 80cts not 1.10


$$$ ^v^ GOODLUCK ^v^ $$$
756 posts

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > May 16, 2019 4:44 PM | Report Abuse

All got con , now director is counting money until midnight.


spider68
409 posts

Posted by spider68 > May 16, 2019 4:49 PM | Report Abuse

I would not discount the possibility of some creditors having being allocated shares via debt swap are currently cashing out.


Flower1
20 posts

Posted by Flower1 > May 16, 2019 4:51 PM | Report Abuse

Why buy at 1.10 .., cab only 0.58 similar poultry business .


apolloang
16558 posts

Posted by apolloang > May 16, 2019 4:53 PM | Report Abuse

more IPO coming market down more.instead of using the money to support the current market,they wanna list more new stocks to replace the old ones.this bursa is useless


Undi_PAS
571 posts

Posted by Undi_PAS > May 16, 2019 8:25 PM | Report Abuse

Still support PH? Any different PH from BN?


raymondlim
155 posts

Posted by raymondlim > May 16, 2019 9:53 PM | Report Abuse

Buy cab


papparich
191 posts

Posted by papparich > May 16, 2019 11:16 PM | Report Abuse

3 times overbought. Just wait, sharp up, get trap then....Charlie Munger told me never to buy IPO.


Sneakpeek
657 posts

Posted by Sneakpeek > May 17, 2019 12:44 PM | Report Abuse

After lunch..park at 1.05


sasword
731 posts

Posted by sasword > May 17, 2019 2:22 PM | Report Abuse

Ppl wan "save" country so donate money to PH (pukima hai) gov.


pineapple8888
262 posts

Posted by pineapple8888 > May 17, 2019 6:34 PM | Report Abuse

Bought IPO at 1.10 sold at 1.18
Will come back on 0.90
Thanks LHI


Lit Kok Wai
34 posts

Posted by Lit Kok Wai > May 18, 2019 5:32 PM | Report Abuse

https://www.facebook.com/fatainvesting/posts/2293999760842891

Both Leong Hup and Teo Seng went down mainly because of this reason.

Q2 likely to be having trouble


Bullbursa
255 posts

Posted by Bullbursa > May 18, 2019 6:15 PM | Report Abuse

Shallow analysis...


spider68
409 posts

Posted by spider68 > May 18, 2019 7:20 PM | Report Abuse

CONCORDANT INVESTMENTS PTE LTD
AFFINITY ASIA PACIFIC FUND IV (NO.2) L.P.
CLARINDEN INVESTMENTS PTE LTD

Combined Allocation 290,637,500 shares

Highly likely dumping was made by the above parties on listing 1st & 2nd day. We await next week announcement for confirmation.


Sneakpeek
657 posts

Posted by Sneakpeek > May 21, 2019 9:21 AM | Report Abuse

RM 0.80


bigmama
14 posts

Posted by bigmama > Jul 6, 2019 6:26 PM | Report Abuse

Next week target price for LHI is 80 sen!

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