Alrdy collected 8000 lots at 0.213 average. Will double down and queue more from 0.20 - 0.21 and set as base of collection on Wed. Always believe in paying a reasonable price for a stock and this company's assets justify it. Cashflow is only the issue but the restructuring will give it a breath of fresh air then coupled up with the recovery of airline industry + updates on foreign worker food supply deal. Hold to year end at minimal for 2x return.
I nvr touched PN17 counter before except this time. Current price point of 21-22c is ok to enter I feel due to few reasons. 1) Brahims undergo restructuring now after hiring independent adviser 3 months ago, set to complete deal by year-end, def deserve 30c at least after restructure. 2) Long term plan to tap into foreign workers food supply market to utilize kitchen. Has the largest kitchen in Msia but only using 5% capacity now. What a waste. So if u buy this and dont look at the daily price movement you need to know something or have a strong conviction. With my reasonings, I made that decision to enter today eventhough recently price was manipulated and played by sharks (those same gang u know la). Last day for contra to exit today..let them wash off first heheeh. Over done goreng lo but the company still has a functioning kitchen and largest in Msia, what makes u think people will let u buy at 10 or 15c? hehe
support cannot be broken it seems so the strategy is to not sell too early when start uptrend as human nature to want to lock profit when green. The strategy is let it run. I think 15c easy next goreng round
asdion revenue 500k-2m a quarter. saudee did over 20m a q consistently last 3 Q with no losses. That is why someone coming in to turn it around. so sayang revenue so high but not efficient. if make sui sui can make 2 mil a quarter a least then 8m a year then should be 100m company. 16-18c stock price lo fair with the bloated shares now. kikikikikiki not great but ok return ma in 6 months.