BIG boys bought at 3.00 n they will sit on it over medium term or at least next financial data n bear in mind only less than 6% floating in market won't b strong enough to drive price down to 2.85 , ah ah
If u notice miti self around 600 m bro all waiting to sell but now was force to sell bcas all frm financing,just now my friend asking to prepare for top up already.
AK & K r always on stand-by to buy back some to protect price until next financial result n meantime will continue active trading , for sure all directly or indirectly link to "1Malaysia" will maintain active until after election and equally Busra is holding more than 25% of the New IPO in Asia region , meaning is under political pressure to maintain healthy to encourage more foreign investors ....... short to medium terms r encouraging for "SMART" Mysian investors , I think ......... LOL
Maybe astro is not quite fb II. In the case of Facebook, it is founded on flimsy business model, ie. Advertising revenue - no one wants to pay on the internet. In the case of Astro, revenue comes from subscriptions (guaranteed monthly) and advertising (still minute because the advert are mostly their own advertisement ). So growth must come from growing customer base. Any room to grow? IP TV from UNIFI and others are already here, even though the offerings are not as good. There's also free TV on the internet. How many households are there in this country? With more than a million subscribers, it's close to saturation already. Perhaps astro need to sell multiple subscriptions to each household, similar to ownership of multiple phones. Otherwise growth will be slow. All is not lost for the astro shareholders. My take on this stock is rely on it's dividend rather than price appreciation
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Posted by Ledzepp > 2012-10-19 16:16 | Report Abuse
What? They took RM1.045b and then float it out? Someone is really selling rotten apple!