That's the problem with OPCOM. The longer Eddie and his ppl sit on their backsides and let the share price drift lower, we have fanatics posting all kind of political messages and conspiracy theories on OPCOM. SIGH!
OPCOM propose to change Y/E from March to September. Obviously, Eddie doesn't want to waste the recent QR results as last financial year results ended March 2023 would have been mediocre if nit for 4QR excellent performance.
Owner lemah, what to do. Don't play contra as you lose money. Actually, i believe he's got more than 200 million shares but still wants to scrape the bottom for more shares at cheap price. Even his proxy directors has options to subscribe for 18 million shares below 0.70 but all waiting.... dont know for what?
Don't sell any OPCOM below 0.85. Don't encourage Eddie to push the price down just to get a few miserable hundred thousands shares at low price from market. He has more than enough shares, definitely >50% with his cahoots, so if he wants more control of OPCOM or corner it further, make MGO fast and be fair in MGO Price!
Let Eddie buy sell buy sell all he wants now. No point we try to be hero and buy the share to support the price. He holds 111 million shares and more unofficially, so if he's a sadist to push OPCOM price down, so be it. He likes margin call, his choice. Siape yg makan chilli, dia rasa peadas
Cheap no point if Eddie doesn't want to push price up in next few weeks. My advice to punters and contra players , don't buy unless you can pick up the shares of OPCOM as you get burn each time Eddie decides to pick up more cheaper price.
Watch Netflix's Road to WWII Victory. Eddie reminds me of Emperor Hirohito. And his syndicate troopers are like the Japanese Army Generals. They rather destroy the pricing of OPCOM just so that they can penny pinch a few hundred thousands OPCOM shares. Just Hirohito would rather sacrifice millions of Japanese people and Japan just to save face. Sad 😔!!!
By pushing the price down even by 5 sen, his paper loses is more than rm6 millions as besides the 29.11% he declared, we know he's got another 20% or more not declared yet. He definitely collateralised his OPCOM shares for loans to finance his further acquisition of OPCOM shares, so pushing the price down is not always a smart option. What is disappointing is that he's not CONFIDENT yet in pushing up the share price when he has already cornered the counter. This is wasting a good QR results, opportunity and time for everyone.
Albukhary you're right. His cruel ppl can count the tickets and know who's queue to sell. OPCOM cannot play contra or retail play for pennies. You must hv appetite to play like Eddie for 100% to 200% upside. If he holds, you also hold, don't give him opportunity to buy cheap from you. His other companies like Hextar, Hextech, HexInd, Cscenic, SWSCap are no longer virgin counters after Bonus, Rights etc.
Pang72, you're right. All retailers lost patience long ago and are now chasing EWEIN, SFTECH etc. I have strong feeling OPCOM already 70% above cornered. See who the 3% above shareholders and do your maths and you understand what I mean. Also there is PAC there's holding the already bought shares of >20% in nominee's. Old trick .
Yup have to wait until neck long but what to do, man can plan, Eddie decides. Opcom don't need money as sitting on rm88 million cash after placement and ESOS. Opcom is actually jewel as recent EPS is good, nett cash of rm60 million plus major shareholder is Eddie. Only price not right only
You are taking about Eddie Chai. Mr Fast and Furious. Believe the Unbelievable!!
This is another Focus Dynamics in the making.
At 0.505 , still worth collecting. Btw when Share Split and Free Warrants was announced , OEB was trading above 0.76. Normally with BI, Share Split or Warrants, upside is normally between 30% to 65%. Depending on free float in market and major shareholder % control.
Careful boys... don't chase high as I believe a lot of contra players still holding on b4 cut losses to minimize contra losses from price adjustments. I am looking to increase my pre- Warrants shares I hold but I think SCIB price haven't corrected fully yet.
Fyi, SerbaDinamik just announced today that it has completed it's share placement. Dato Karim took a certain percentage, I believe 1.7% of the placement issue of 10%. Prior to placement, about 4 to 6 weeks ago, he bought more than 5 million shares of SerbaDinamik from open market at prices above 1.75.
Always remember SerbaDinamik is Dato Karim 1st Wife, KPOWER and SCIB are latest love.
I have a strong feeling that SerbaDinamik would be on uptrend soon. Most banks analyst says 1st TP is 2.30.
My advice is don't go rushing to chase SCIB and please spare some ammo for SerbaDinamik. You may get your CNY Ang Pow from SerbaDinamik.
@ Tracylim and @ piranha88. You will learn that no matter how good a stock is, never fall in love with it. Stocks have Up and Down. Let go 1st when it has gone Up substantially and re-enter on Retracement.
I learned through a big hole in my funds with Darling stocks like Supermax and Topglove. Aren't their fundamentals crazily Good? Now they are manipulated by hedge funds, shortsellers and IBs.
Anyway SCIB will have a Good QR and I will definitely re-enter during retracement.