Apart from the legal case, Jaks' poor performance from property division and frequent cash call also the reasons that pushed down its stock price. In normal case, when a right issue is proposed, the price of the stock would remain depressed until the right issue is completed as people do not want to fork out additional money to subscribe the right issue (I hate to do so too !)
haha serve him right. hengyuan he can sell secretly because he don't own 5% and no need report to bursa. but jaks if he start selling entire world will. know and sell down the price hehe
KYY bought stocks on margin so he may need to sell some Jaks' mother shares otherwise he may not have sufficient fund to subscribe for the coming right issues. He need to fork out a huge sum of money for the right issue subscription..so watch out. Maybe the good time for us to pick up Jaks is after KYY selling and after the completion of the right issues. I suppose that will be the bottom price for Jaks then.
I remember KYY commented malaysia steel share plunge due to over supply of building and houses in the country in March2018. He never own a single steel share. and today JAKS share plunged also due to building condo and offices. In reverse, he bought very substantial share in the company that build condo and offices.
He is very very right and on the dot about steel counters, he also very accurate about JAKS. and ...
Most of the time business sense don't work in share market
kyy sell hengyuan shares whilst busy promoting hengyuan by comparing it to nestle... when share drops, he announce he sold all... he can fool people once but not twice..
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value88
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Posted by value88 > 2018-07-22 21:39 | Report Abuse
Apart from the legal case, Jaks' poor performance from property division and frequent cash call also the reasons that pushed down its stock price.
In normal case, when a right issue is proposed, the price of the stock would remain depressed until the right issue is completed as people do not want to fork out additional money to subscribe the right issue (I hate to do so too !)