NSK Bosses buying BIG in this company, what is going on?
The Lim’s family certainly taken a liking into this company, where they had increased their stakes drastically despite the recent market wide downturn events.
For the past few trading days, the family had increased 700k and 825k shares respectively. I believe this have much to do with this company – VERSATL’s recent successful joint venture event with NSK.
For us investors, this had left us to question – what is the objective for the management to buy shares at the current level?
Will NSK Grocer contribute a spiking profit level to VERSATL?
And most importantly, what level of share price can VERSATL stop at?
Based on the current technical chart, the first stop will be regaining its feet onto 70 cents level, and beyond that we shall meet again at the 90 cents level.