It took just a matter of a week to drag down the price to 0.95. But ever thought of how long it had taken in its hard struggle on the climb to that level 0.13. Distributing of dividend to shareholders should be highly commended rather than the continuing unusual downplay game, mad spillage, by insiders on the artificial buys/sells activities just in order to showcase the portfolio as active. Toward a Company's profit making policy or gambling stake promotions? Let's be real no scam. Tomorrow UP.
1. Details of Corporate Proposal Whether the corporate proposal involves the issuance of new type and new class of securities? No Types of corporate proposal Private Placement Details of corporate proposal PRIVATE PLACEMENT OF NEW ORDINARY SHARES OF RM0.10 EACH IN INGENCO (“INGENCO SHARES”), REPRESENTING UP TO 30% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF INGENCO (“PRIVATE PLACEMENT”) No. of shares issued under this corporate proposal 43,950,000 Issue price per share ($$) MYR 0.110 Par Value ($$) MYR 0.100 Latest issued and paid up share capital after the above corporate proposal in the following Units 753,798,836 Currency MYR 75,379,883.600 Listing Date 11/06/2013
CBL disposed 25,000k+ @0.10 and buy back 8,000k @ 0.095; who is the big buyer the past few day. CBL shared disposed/buy back from 6/6/13- 10/6/13. the above is done through his 4/5 IB and not by our crown here who claimed it.as said earlier the same person who sell will be buying back the share. it's time to buy before it's too late.happy trading
don't think there will throw further down. with the RM17m+ from private placement the NTA around 0.11 and most likely the 3rd placement @ 0.11 bought by CBL itself. you'll never know what is going to happen next;so hold on for another 3/6 months. history might repeat and will go skyhigh between july-september just like it did in 2011 & 2012. so just ride with CBL and surely you'll make the money in the end.
Net effect fr recent period shows hv collected tons of shares at 0.095 , therefore, is better BET if one can get in below 0.095 n able to hold between 3-6 mths will profit along with CBL , I think ..............
Can anyone else share with me why CBL particularly loves to speculate on this counter? Why not TAKASO and UTOPIA? Or, is it because this counter is new to him and every speculator and hence it may be easy to attract others to join the herd? On the other hand, UTOPIA and TAKASO are notorious for their past records so probably speculators have already abandoned them.
I saw the transaction records of shares which were conducted by CBL, his wife and his investing arm. This implied that they were the ones who purposely pushed up the price and then sold off shares they bought at lower price. Now, they again acquire the shares again. What does it indicate? Will another round of speculation come next? I always keep a close watch on UTOPIA but not INGENCO. Anything I have to take note for this counter?
Little Shark, very impression you can stomach and hold until 0.40. That's impressive. Congrates to you. Hopefully, this year history will repeat itself. Otherwise, we can just keep it. Dont see any further reason to sell off. Market dip 20++ points, yet, ingens still hold at 0.09.
CBL bought back 8m shares at 0.095. he will wait till 0.10 or higher to sell again. then buy back at low again. that's his tactic. happy trading. many good buy counters today. cheap cheap :)
tis time to sell the share bcos it will go down... ringgit loose power...with us tis 4pm or tomorrow it will go 0.75...once uk market open.. wait n c the game...
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Raizanny
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Posted by Raizanny > 2013-06-08 21:53 | Report Abuse
This is only for goreng counter....best buy is below 9 cent and sell at 12 cent