@kianguan88 cancellation share will make the price per share increase example RM1 per share for 100share = RM100 , cancel 10 share left 90 share , will be RM1.11 per share
@kianguan88 if selling treasury share = company out of cash if cancelling treasury share = company rich cash flow some company hold treasury share for dividend bonus (free share to shareholder etc)
so this is how it's gonna pan out, it's gonna challenge 0.575 region, pull back 0.54, then go for 0.60, rejection at 50MA back to 0.58, then go for the throat, make the kill. Aight? Let's goo
this price is attractive compare to before, why selling? with Aug & Sep trading vol so much more, nex qtr results will be damn good and wont see this price anymore
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chyeoh1972
1,685 posts
Posted by chyeoh1972 > 2021-06-04 19:45 | Report Abuse
Wildown back to 0.66...