the prices in Dec has been hovering around 0.665 to 0.70, thus today closed at 0.71 is still very low given the new contract announced yesterday. It just need some vol to push up to its fair value. Monday is the day expected to be up by 10 cents.
just hope that investors start to put their money into stock market on monday. THere is couple of good counters today with recent good news annoucement that the buy vol is much less than the sell vol, but price was stil up however not much. Thus, if monday investors come back i don't see why this counter cannot go up. It should go up HIGH monday!
Actually if you trace back the history of the new business awarded announcement and the price performance on the following days, it will not goes up a lot (or even move also). The main reason is, the open market shares for Willow are very limited. The biggest share holder is Tamasek (in Singapore). And a lot of the small share holders are holding the shares for years just to collect good dividend yearly
i think i have confidence with Temasek group as one of the most proftable and biggest Pension Fund in Asia....thus it is even more reasons to invest in Willowglen...
0.705 is very cheap to enter with the new contract announcement. I believe the price will shoot up to TP 0.75 tomorrow amid the GOOD news on new contract.
My personal opinion is, in short term, Willow will re-adjust back to 0.68 instead of flying high, The new contract awarded 'wind' already over. But for long term investor, no harm for holding it.
I don't think this counter can fly based on the news regarding the new contract, as the news is already stale. There doesn't seem to be much interest in this counter for the share price to spike up. Nevertheless, as an investor in this counter, I'm happy the way the price is moving i.e. slowly, but surely. Even it it moves at an average of 1 sen/ wk, it would add up to 52 sen/yr -- which is a fantastic return on an investment of say 72 sen/share.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3400 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
TuaHuat
1,462 posts
Posted by TuaHuat > 2013-12-24 12:16 | Report Abuse
It needs time n some catalysts as booster