The fall in price from 2.35 level to around 2.00 in the past 3 days following the announcement of a rights issue has made it an attractive entry point.
Calvin, I just did a check on the "loans and receivables" which are actually fixed deposits placed with various banks. Under new financial reporting standards fixed deposits are now grouped under "loans and receivables".
PNB and bumiputra foundation, both PNB ler..holds 55.1%, way over simple majority. so why cant they just remove the top management of this company? perhaps you could elaborate on that. yes, they keep on selling..but only peanuts compare to the total share that still available, if they really serious to dispose their stake. stupid to do it dy by day..untill tua baru finished...huhu
just answar my question, why the majority shareholder, >51%, decided to do the sell bit by bit of their share, rather than throw out the bad management?? if that is really the case. what hold them back?
Last time I warned wahahaha in Tekseng to sell it above Rm1.00 but he kept opposing me. Today Tekseng crashed by 72% to only 28 sen & wahahaha disappeared.
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TheContrarian
9,507 posts
Posted by TheContrarian > 2018-07-23 21:28 | Report Abuse
I was going to buy tomorrow. Now you are scaring me.