If it touch 0.60, take your profit and wait for for the next opportunity to buy in. IMHO it will be awhile before this counter runs away above 0.60. Need more news.

Insider information?

Malaysia should stay out of Hamas/Isreali war. Worry about our own economy.

Is our Chairman worth it? Famous son-in-law but this company is in stagnant mode, except for buy-back action.

0.825 is pretty close to the bottom of that up trend channel.

Opcom emerges as largest shareholder in Binasat as MD sells stake.
https://theedgemalaysia.com/node/684587
Some of you guys are 2 years behind in news. Have to keep up to date.

Personally, I rate Tan Sri Lim Keng Cheng a more capable Director than our Chairman Tan Sri Lim Kang Hoo. KC is dedicated hard working, no bull shit hands-on type of Director. Feels alot more comfortable in his hands. DYOA

So who took the 14million share?

Sure doesn't look good. For an insider who is aware of the proposals, and is prepared to off load 2m + 12m shares so early after the news does not make sense. Could have off load a bit later. Either he is resigning or expecting a hugh drop in price. Big$ involved here with the right timing. Read what you can out of it.

The way I see it, there must be a benefit for Botak to do this exercise. Release cash back to him as well as getting new shares from the various consolidation/merger or whatever exercise he choose to call it. To make head or tail of this you really need to unscamble what his brain is thinking. Maybe some of the major institutions with their professional analyst might give us an indication (good or bad) based on their own reactions. Don't forget that he had tried to do this exercise before with his stables of companies but didn't get it through.

Try and catch the bottom of that falling knife. Should be around 0.83, bottom trend line before it goes up again.

Not botak Chairman Tan Sri Dato' Lim Kang Hoo but Managing Director Tan Sri Datuk Lim Keng Cheng.

There is a limit of how far it can keep running before pulling back. Can't see it going past 1.30, might get 1.10

Junior was waiting for his father to stand aside so he can be the next YDPA. It's been done before.

Low 0.60 will take us back to 2019 previous highs, which is the time to get out and wait for further new development before the next run.

No action here, low turnover!

Managing Director sold 2Mil @ 0.5975. This means his holding % will be further diluted post PP.

You can't go wrong if they are doing buy back up to 0.47.

Why don't they give some money back to shareholders if they got no use for it?

Cannot die. It has got an up coming PP. Maybe die after that.

Those were the days of the glove boom, and their entry into glove manufacturing with their own factory.Big lion dance on their entry to con investors. Price shot up for awhile before it came tumbling down and has never seen their high again.

The Directors have no ideas except wasting our cash supporting this with buy back. Should have invest that in some income generating venture.

Don't forget Durian plantation. That was Lim's way of getting back into his long lost interest in plantation.

JamalHussien
Thanks, you have done your research. Good questions.

This is not an investment stock. Get rid of it, waste of time.

They will sell first then pick up their PP @ 0.415.

Better start picking up some MRCB. Bucket list - trip from Singapore to Bangkok.

That 31% is back in July, before the SPP deal.

Latest buy back is @ 0.47.

Malaysia Day!

gooman
Where have you been? You are a bit late. Why do you think their price have drop?

Forest City: Of cleaners outnumbering shoppers in four-storey mall, hotels largely unoccupied.
https://focusmalaysia.my/forest-city-of-cleaners-outnumbering-shoppers-in-four-storey-mall-hotels-largely-unoccupied/

Can't see this going below 0.68

They are still doing buy back @ 0.465!

It is going to be a bit hard to get to 0.80 in the short term. Too many sellers.

Might be able to get it cheap but you will be stuck here for a long time. IMHO

Just need some good news to come out of the Singapore meeting.

The big thing was Silterra, wafer chips then Ping Petroleum. We have no updates. Just eating our hard earned cash away.

According to their proposal doc they are valuing it at possible 0.4150. This will be rock bottom price (look at the charts). Not very smart. Why do this exercise at this level if you need the money.

HSR revival will spawn huge projects, construction sector to gain.
https://www.freemalaysiatoday.com/category/business/2023/09/13/hsr-revival-will-spawn-huge-projects-construction-sector-to-gain/
Is Botak in the RFI?

There is still no update on all the other ventures. Will have a hell of a big volume of shares after this exercise.

Need more news injection to fire this up further. It is just going to consolidate at this level for awhile.

Trying to shake off all the loose hanging monkeys that are in for a free ride.

Sorry, not picking on you. Just took it a little bit too seriously with all that action yesterday.

cmiko888
We are waiting for your news.
Yea.. Wait for "announcement after 3pm".. Not sure which day..

For news, come back on the 27 Oct.

What are you all pulling? Get real. The market is not anticipating any good news.

The selling is over. Time for the next wave up.

Yes, Bandar Malaysia. Reminds me of the big celebration with Botak, Ministers and Chinese partners showing off their proposals with Lion dance. They will need this to super fire up Ekovest. Bandar Malaysia + HSR. Then everydody will be laughing all the way to the bank, including us investors,

Don't forget this was already down yesterday. PP valued 0.435. Can't go too far down. There has to be some incentive for them to get on.