@Jeremiah Bizz, well..when it was below 10cents..till shoot up >5times ..I think it's enough profit for me. This is a roller coaster stock..higher risk now..runners successfully promote this stock. Fundamentally, still far away to go. Don't dream of RM1 yet
@FBMKLCI2015 thats what stock market is all about aint it ? Some like high risk high gains ? I dont know about the RM1 dream though, all i know for now is some made some lost...part and parcel of this game.
Tq bro FBMKL2015, i am indeed wary of our market, gotto admit i got badly burnt before :) , anyway i am more into investing rather than trade nowadays appreciate your advice.
I Hv confidence coming result as Palette has a lot of contract n deliveries compare to previous quarter . Don’t forget , they r expanding their e-medical.
Today closing will be 0.360 .... Director afraid to kena buang telur ... already run the big shark ... did u all aware July -Oct when they wan to push up price a lot contract in ? Can said every week got contract in .... today 15/11 so far non ... nil contract in at all ... means movie is end !
PETALING JAYA (Nov 15): Palette Multimedia Bhd chairman and managing director Eg Kah Yee is “surprised” after My EG Services Bhd managing director Wong Thean Soon disposed his holdings in Palette while refraining from making any passive investments in listed equities in the future.
Eg said the announcement made to the media by Wong was uncalled for and unprofessional.
“Actually, he sold off (the stake) a long time ago; the sad thing is why he (Wong has to) go to the media, I don’t know. I have no idea (as to) why he has to go to media and announce it.
“He (Wong) probably sold it (his stake) 10 days ago. We checked on the shareholder list — his name is not there. He announced on the (media) on the Nov 13. To me, it is very uncalled for. No one asked you to do (it). It’s a surprise,” he told the media, after the group's annual general meeting today.
Eg suggested instead that Wong could have actually made a general statement that he will not invest in the listed company.
“You can make the statement general. That’s it. You don’t have to name it. Because it is really unprofessional,” he said.
Palette’s share price had rallied after Wong and equity investor Brahmal Vasudevan emerged among the group’s investors. Wong was listed in the group’s annual report as the fifth-largest shareholder with a 3.92% stake, while Brahmal — who is the founder and chief executive officer of private equity firm Creador Sdn Bhd — was the second-largest shareholder of its warrant, with a 13.77% stake.
Palette is one of the two companies that Wong had said to have acquired as passive investments.
At 12.10pm, Palette share price rose 4.5 sen or 12.68% to 40 sen, with 23.34 million shares traded, for a market capitalisation of RM116.89 million.
Looks like Mr Eg is very angry with the news statement released on Monday. Does it impliedly mean that the share price is under value to its intrinsic value now? Can it return to 0.50 above?
This PONDAN should be blocked by Bursa for further trading. News about Palette came about 40 days ago. Now only he feel fed up meh. Day light robbery. Should be banned and subject to quiries.
Hopefully thats the scenario, for palette supporters lol , volume at 0.40 is almost 70 percent of the total mornings volume at at ahort span of 20 mins, max?
Btw everyone, i am a noob ya, just reporting what i see/saw , since i am free...i just looking at movements ya....it doesnt indicate anything, but if sifus would like to enlightened us, it would be great of course . :)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
apolloang
18,163 posts
Posted by apolloang > 2017-11-15 11:54 | Report Abuse
gonna come to 1.00 already iz? hahaha