Who's really absorbing the 20M+ per day Opat throw?

How the times have changed. Now its reported that Opat sold 80k shares for RM 9,132. For the helangs of Malaysia that should be like loose change that drops out of his pocket when changing into sarung in preparation for Malam Jumaat

Lol then go join his paid group. He has a few groups on i3 forum as well as others. Maybe can enjoy discounted nasi lemak while buying premium penny shares

Widad will be the new Kanger?

Using last 4 Bursa Announcement since 19/1 sell down
#1 119M shares at 0.12 lost 27.4M
#2 40M shares at 0.12 lost 9.3M
#3 5.3M shares at 0.16 lost 858K
#4 6.5M at 0.12 lost 1.5M
Total around RM 39M using 0.35 cents as his cost (assuming he acquired these from Widad-WA conversion at 0.35 cents)
He sold like 172M shares and he has 40M direct, 750M indirect interest remaining. Loooonnngggggg way to go if he is still in financial trouble

Of course he has controlling stake. No new substantial shareholders as the 10% or so that was sold by Opat, MD and Widad Business Group (which he also controls) is distributed among the syndicates that engineered the big LD. Well just wait for those who brought at 0.09-0.125 to lose patience and sell off before major moves (unless there's a general rally that the syndicate will use to push up price, considering Opat don't have that much free shares or credit line that he can use to hold it meaningfuly at any ceiling. He used to be able to throw like 20-30M RM worth of sell wall to ensure price dont move up. Now is more like 2-3M only)

Not a lot. 24 Jan Brought 2.7M at 0.181 and sell 2.6M at 0.196. So he is basically trading at range of 0.180-0.195 and earning like 40k MYR. If you know his pattern he usually keep the shares at tight range and dont really allow big jumps. But of course he has a lot less bullet to act as market maker now. He used to do 20+M shares. Now 2+M.

Once the price recovered they won't need to force sell anymore. But to be sure we can only tell once Bursa announces it, if there are other reasons where they might to sell, like if they owe others money trying to stop the bleed earlier.

Sakuragi11 - that guy talk rubbish only lah. He said that so people can buy from him. Anyway, it has stayed at 0.21 for hours so proven its rubbish.

My second analysis on the bloodbath. Opat force to sell 119,533,800 shares for a total of RM 14,400,839.70 at effecteively 0.12c per share!!!!
So his net loss vs his warrant conversion cost is 0.23 per share or RM 27,435,990.

In the span of 2 days, Widad ownership lost 34M at the very least.

Just remember if someone in the forum tells you they sell at 30c most likely they will start at 25c and you end up holding the bag at 30c.

Except rr88. That one just spill random nonsense. He tells you the chart here is manipulated. The next thing he does is use some charting bullshit terms. Like, he said I am a liar then tell you what he thinks is the truth.

A lot of his shares were converted from his warrants at 0.35 per share. So selling at 0.2-0.35 is a loss, and at 200 million shares that is 20M even if he just lost 0.1 per share. MD lost 24 cents a share so thats almost 7M. Team Widad no longer has capability to act as market maker and stabilize the price at their inteded range (a bit like how China controls it currency) and for the first time in 4 years, Widad shares is free with market forces determining its price.

Basically Opat was acting as Market Maker where he put blocks of 500k on both sides to keep price within a range. Break his buy wall and the whole thing come thumbling down. Remember, he not only was forced to sell much lower than he has been sitting on it for a while.

Basically Opat and gang wash trade about 40-60 million shares a day between, say 0.49-0.495. Will transact 10k shares at 0.50 to make chart looks nice. Whoever planned this must have insider info on the accounts used to trade, their leverage position, so they know how low they must press on their own IDSS margin. Damn respect

MD got RM 2,704,462.50 for selling 24,450,000 shares at RM 0.11 per share.
For sure it is margin call. Two days before he could have sold it for 4x more.

Opat also kena margin call on 19th for a sum of 200M shares.

Whoever is behind this, very well played. It is like Soros vs BoE again. Or Soros vs Daim. Laughing all the way to the bank.

0.185 lah

Lol limit down today. Did Pak Tua's team finally surrendered and take whatever left for the nasi lemak fund?

No one can goreng when they can throw a few hundred million of shares at any level they want. The wash trade is to allow a healthy volume usually to maintain Widad in first or second page of active counter. Build a nice baseline for the next pump and dump

wongcheehui83 i hope you're not conned. the counter move when tan sri let it moves. otherwise you will see the syndicate act as "market makers". Usually throw lots of 500k each at the sell level they want to control. And queue 500k lots at the buy level they want to control. You buy at 0.475, lost patience and sell at 0.47, they also gain. And most trade are wash trades where they buy and sell among themselves at 500k lot size.

Technical data is all fake lah brother. The buy and sell is the same people to keep the counter in top10. Everyday see same substantial shareholders buy and sell. But yeah, if you want to help push up please do. Pak Tua and gang waiting to sell you their bags

Not dumping lah. If dump it won't stay within 0.01 range. It will drop like to 0.4 or 0.35. Its just their typical wash trade where they put big block at 2 queues and wash around one level. Now it is 0.45 block at buy queue and 0.46 block at sell queue.

Paktua deadline 24 Feb 2057?
I am not sure I will be around by then.

But yeah these days the owner put big block at 0.455 so just expect it to be at 0.45 level. Unless he need money to pay his sugarbabies then might drop more haha.

Operators didnt have patient (or short of money). They could have done a less sharp distribution. And slowly paint a nice cup and handle and get all the technical analysts wet wet wet and draw even more. Now look at it anyone will stay away.

Except Pak Tua. The Nasi Lemak Saleha must contain some "special" herbs. Can't wait to go try and see this Pak Tua gang.

A lot of the shares TS acquired by pressing down Widad mother, sapu Widad-WA and pay 0.35 cents. So yeah, maximum will go down to 0.35. At least PakTua will not be PakMuflis. Just take a haircut from 0.5 to 0.35. Botak a bit. But still can fight.

now Tan Sri put stopper temporarily at 0.395. But his blocker only 500k which can cancel anytime. So pandai pandai lah

rumours say a certain Sanusi guy also kena from him by over selling the langkasuka project
last time tun m also kena when this guy go bid for Plus highway

i said since one month this chart pattern is really manipulated. only one person will buy and sell 500k at a time. See all the retail queue to buy and sell at 20-30k per bit, kesian mati like that.

The chart was painted by the operator lah. Everyday if you see the trading pattern.

What is your view on obviously painted charts like Widad here? You can see other more normal counters has days up and down but not this one. Another clue is same substantial shareholder net buying and net selling almost everyday. Some days both (different holding account). Is it even legal?

Any TP for reference?

Operator making a move. Check out substantial shareholder keep on "selling" consistently so unkown "buyer" accumulates and paint the chart. Still early yet. When you see multiple telegram groups asking you to buy because chart looks nice, that is the time to say bye bye

Whoa a lot of off market transactions. I wonder who is doing the buying

Because it is not a pump and dump operation?

New shareholders Capital Pairing is owned by IBC Assets. They acquired the tranche of shares sold by Tan Sri by direct deal.

I wonder if this investment is by rich middle east investors, or even a sovereign fund?

Thank you SS Lee for raising the concerns with coherent and substantiated points, something which is lacking in the shareholder base of JAKS which has been driven by heavy emotional investment into the stock until you can see borderline psychopathic behaviours (illustrated by Tom in this thread, and the bullying behaviour in the general JAKS thread where any question raised on JAKS is attacked straight away without considering the merit).

Kindly do let us know the outcome.

Plan B is a mass rejection of RI. I don't think it will amount to much considering most shareholders are afraid of RI failure. But a high proportion of rejection votes is a signal that there are governance issues.

If you or anyone is willing, I will nominate as proxy.

people really doesn't know how to read the report or know what "mark to market" is

QR out la

Revenue 14,795
Nett Profit -245
Hahahaha

The momentum remains intact. Just wait for the day Tekseng goes on the front page. Its coming once the 1st tier healtcare/COVID play have run up (gloves) and people search for laggards

Just wait for the healthcare craze to catch up. It's gonna go crazy when the fomo momo retail catches this counter can be considered healthcare. It will stop rising when you see like 50+ messages here a day or more

sifu paperplane still holding on this?

holding up really well actually on a day where we see bloodbath

Su Jackie is in accounting line? I was surprised at how long they take to impair the solar business, rather than do it one shot, throw everything in and then clean up the balance sheet

the son is persistent undervalued because it is like a future quote for HLT. Current difference is 0.33. It doesnt mean buy will get 0.13 gain. It just means for most people they discounted it, that by the time you can convert to mother etc the price won't be so high anymore.

But then this is Malaysia. Its just goreng less dark than the mother I guess

Don't just read the headlines. 277 cases, 270 among people already detained.

Any idea what is driving the results? One off item or sustainable change?

Edit: Source - Financial Report Q4 2017. From Q1 2018 PP Non Woven is bundled together with the other PVS stuff so you can't see it separately anymore, just PVC and Solar segments

Last time they report PP-NonWoven (that is the stuff you make facemask from) as a separate segment, it was not big at all. Revenue breakdown as below

PVC Sheeting 29,912 90.2%
PP Non Woven (potentially COVID-19 related) 2,347 7.1%
PVC Leather 920 2.8%

This maybe more of a turnaround story. Fundamental PVC business was ok, it has been dragged down by the solar segment unwinding for years - way longer than I thought.

For those who think this is a COVID-19 counter, please think again. I've covered this counter since the solar days (which ended badly. the -WA was a good buy when mom was RM1 plus and the conversion is only 0.25c. During expiry not may people bothered anymore as the price was around 25c. So, 22% of the warrants lapse without conversion and the people holding it burnt)

Stevrn83@ELT#0.839 --> ELT is for those who are stuck high. Last price was 0.855. You're good la call ELT for what