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2020-04-21 12:01 | Report Abuse
His own money has to declare while proxy needed not. Out of Regulation.
Boss can hold a longer period and indicate a good signal to the market if doing buyback.
Proxy needs money to pay misc and wait for good opportunities to pump.
Stock
2020-04-21 11:30 | Report Abuse
March 12 Closing, April 20 Highest
KLCI 1419.43 1428.95
Construction
Index 164.7, 164.34
Ekovest 0.49 0.52
Lim Kang Hoo buyback total 38.648mil of shares at the cost of RM20.152mil and the average price is at 0.52 **assume buyback price is (open+close)/2 on that particular day**
TAN SRI DATO' LIM KANG HOO 05-Mar-2020 Acquired 2,148,700, 0.6075
TAN SRI DATO' LIM KANG HOO 06-Mar-2020 Acquired 5,000,000, 0.5925
TAN SRI DATO' LIM KANG HOO 09-Mar-2020 Acquired 10,500,000, 0.535
TAN SRI DATO' LIM KANG HOO 10-Mar-2020 Acquired 5,000,000, 0.5025
TAN SRI DATO' LIM KANG HOO 11-Mar-2020 Acquired 2,000,000, 0.51
TAN SRI DATO' LIM KANG HOO 12-Mar-2020 Acquired 6,000,000, 0.495
TAN SRI DATO' LIM KANG HOO 13-Mar-2020 Acquired 6,000,000, 0.4675
TAN SRI DATO' LIM KANG HOO 16-Apr-2020 Acquired 1,000,000, 0.475
TAN SRI DATO' LIM KANG HOO 17-Apr-2020 Acquired 1,000,000, 0.485
From observe, the purchase price is quite suspicious due to no buyback action when the price hit below 0.4 and even 0.3? This is clearly a typical way of changing hands from proxy to the boss. Buy high from proxy before the fall and buy again from proxy after the bounce. The proxy can evade the fall and have plenty of cash to buy at the bottom then sell back to the boss at a higher price.
At this moment, I predict selling will still ongoing and will swing around 0.45-0.5 if the economic condition didn't change much. Next, KLCI, construction index, and ekovest move simultaneously and correlatively, not much bargain can do in Ekovest.
These buyback transactions will definitely reduce the number of shares that liquid in the market and proxy have more cash on hand to push this Ekovest to higher when having good news in the future.
If you have holding power, try your luck to grab it at an average of 0.45 and hold it for at least a year.
You definitely will get rich with minimal risk.
Stock
2020-04-20 17:24 | Report Abuse
We can trade our own way and there is always noise in the market, do your research and trade.
Remember to have your financial secured before doing any investment and speculation.
Know your risk and trade your plan.
We have good people and bad people in the world, you can decide who you wanna be.
Stock
2020-04-20 17:14 | Report Abuse
March 12 Closing, April 20 Highest
KLCI 1419.43 1428.95
Construction
Index 164.7, 164.34
Ekovest 0.49 0.52
Lim Kang Hoo buyback total 38.648mil of shares at the cost of RM20.152mil and the average price is at 0.52 **assume buyback price is (open+close)/2 on that particular day**
TAN SRI DATO' LIM KANG HOO 05-Mar-2020 Acquired 2,148,700, 0.6075
TAN SRI DATO' LIM KANG HOO 06-Mar-2020 Acquired 5,000,000, 0.5925
TAN SRI DATO' LIM KANG HOO 09-Mar-2020 Acquired 10,500,000, 0.535
TAN SRI DATO' LIM KANG HOO 10-Mar-2020 Acquired 5,000,000, 0.5025
TAN SRI DATO' LIM KANG HOO 11-Mar-2020 Acquired 2,000,000, 0.51
TAN SRI DATO' LIM KANG HOO 12-Mar-2020 Acquired 6,000,000, 0.495
TAN SRI DATO' LIM KANG HOO 13-Mar-2020 Acquired 6,000,000, 0.4675
TAN SRI DATO' LIM KANG HOO 16-Apr-2020 Acquired 1,000,000, 0.475
TAN SRI DATO' LIM KANG HOO 17-Apr-2020 Acquired 1,000,000, 0.485
From observe, the purchase price is quite suspicious due to no buyback action when the price hit below 0.4 and even 0.3? This is clearly a typical way of changing hands from proxy to the boss. Buy high from proxy before the fall and buy again from proxy after the bounce. The proxy can evade the fall and have plenty of cash to buy at the bottom then sell back to the boss at a higher price.
At this moment, I predict selling will still ongoing and will swing around 0.45-0.5 if the economic condition didn't change much. Next, KLCI, construction index, and ekovest move simultaneously and correlatively, not much bargain can do in Ekovest.
These buyback transactions will definitely reduce the number of shares that liquid in the market and proxy have more cash on hand to push this Ekovest to higher when having good news in the future.
If you have holding power, try your luck to grab it at an average of 0.45 and hold it for at least a year.
You definitely will get rich with minimal risk.
Stock: [EKOVEST]: EKOVEST BHD
2020-04-21 12:04 | Report Abuse
P/Book ratio
Gamuda 1.35
IJM 0.919
WCT 0.221
SunwayCon 3.818
Ekovest 0.794
Those good brand construction firm more than 1, not much bargain now.
For WCT Ekovest and IJM are good to have. These stocks are not too bad but the share is too liquid in the market due to holding by weak hand.