If Ts own 3.8% of palette, this is just about 16 milions only..people panic and this is what he wanted, why did he announced his pulling out from palete, think about it, so he can entre again at cheap and before QR, which suppose to be issued next week..
Actually MD Eng has published of sales n delivery of his order to Russia. Next quarter RM 12 ml to be billed, the coming quarter after that 16 ml. In the quarter just passed made above RM 3 ml profit from just RM 8 ml sales. Therefore fundamentally Palette should be worth 70 sen based on 11-13 times PE unless....
This counter is going to be very bearish. Especially with how bearish FBMKLCI is going through. Why gamble with your hard earn money with a low probability of like 5-10% profit? The chances of making a big loss out weight the earning.
Rape you one time ......make you happy....then drop to 0.32...ask you come again ....rape you another time.... then tell you , you are son of Bxxxx.....lololol typical shark.
KUALA LUMPUR (Nov 20): Shares in Palette Multimedia Bhd continued to fall as much as 8.22% this morning on weaker sentiment, due to recent negative news flow.
Last week, shares in Palette slipped after MyEG Services Bhd (MyEG) group managing director (MD) Wong Thean Soon said he had disposed of holdings in Palette and will refrain from making any passive investments in listed equities in the future.
“Although momentum is bearish, it is still not oversold yet. If there is no buying support, then it will go down to 28 sen,” TA Securities technical analyst Steven Soo told theedgemarkets.com, adding that the stock may fall as low as 20 sen.
At 11.11am, the stock was down three sen or 8.22% to 33.5 sen, with 8.58 million shares traded, for a market capitalisation of RM115.52 million.
Since 2008, the stock has been hovering below 10 sen. However, it was on an upward trajectory since Aug 24, 2017 and reached a 15-year high of 49 sen on Nov 10. At the current level, Palette’s share price has seen a one-year return of 346.67%.
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....
Betta68
2,300 posts
Posted by Betta68 > 2017-11-19 12:30 | Report Abuse
If Ts own 3.8% of palette, this is just about 16 milions only..people panic and this is what he wanted, why did he announced his pulling out from palete, think about it, so he can entre again at cheap and before QR, which suppose to be issued next week..