Can accumulate small qty at < 0.925 If price drop tremendously to 0 85 or below Then it is disastrous to most of the investors and also the contra players No lobang to contra room..... hopefully before closing up a bit and then sell again
Investors should be happy as the owner mentioned that the future share price is worth much more than the current price. Possibly after this article, he would take action and buy up RM50 million worth of shares at current price and make the announcement thereafter. This will bring back much required confidence and drive the share price upwards. There is actually no risks to him losing money. So far, there has not been a single announcement on any new shares bought by the new owner. Maybe will happen soon, this afternoon or next week ?
By the way, based on my TA....everything will turn good by 18th March 2021....lets watch closely on the movement.....hopefully all move in the right direction
@graham your ong says collect below 925 lah. So you better follow his advice yeah. If you collect now means you follow me you know. That would be a tragedy. Haha
VV price go up or down doesn't affect the boss much (he can't sell anyway).....but he still get paid......ofc if price up then company hv better liquidity, better goodwill, better prospect and more investor lah
Vivocom’s CEO speaks out over market fears SUNBIZ / 05 MAR 2021 / 13:28
PETALING JAYA: Vivocom International Holdings Bhd CEO Datuk Seri Chia Kok Teong (pix) reiterated that he remains upbeat over the group’s prospects and assures investors of its long term investment to allay concerns stemming from market rumours that have placed some selling pressure on the counter.
Chia pointed out the group has made several corporate announcements that should provide more confidence to the public as he charts the course forward with the board of directors and management team. These include a one-for-three bonus warrant issue, a RM3.79 billion sand contract as well as a 10% private placement exercise.
The sand exportation will commence by end-March pending the finalisation of the contract’s administrative issues.
“This sand contract is as real and genuine a business contract as it can be. Do not compare this to past deals which had failed to materialise,” said Chia in a statement, noting that the market for sand export is huge and it is expected to fuel the group’s growth in the next several years.
On the other hand, it elaborated that the 10% private placement is expected to raise up to RM100 million, which will be utilised as working capital for its new sand mining business. Chia related that he has received interest from potential private and institutional investors and has explained his three-year self-imposed moratorium against disposing of personal shares in the company and the six-month moratorium requirement.
“There is no point if they just subscribe to the shares at a 6-10% discount and dispose of the shares in the market immediately, no value added.”
He expects the personal moratorium will ensure the counter’s long-term price stability and sustainability.
The CEO acknowledged the legacy issues associated with Vivocom along the misconception that it is a pump-and-dump counter, but believes that its steady and stable progress should dispel such notions.
He pointed out the group’s transacted share volume indicated enormous interest, a reflection of market forces driving its liquidity and momentum.
Moving forward, Chia stated that he will work towards elevating the group to Bursa Malaysia’s Main Market and transform it into a dividend-paying company.
“There will be more news to be announced in the near future including mergers & acquisition market moving moves and more sand contract deals, all values enhancing corporate deals.”
boss must give lot sweet words to stablelize. believe or not up to you. Bad guy can turn to good. Good guy can turn to bad. When price drop, retailor will be blamed selling the shares without confidence. When price up, he himself will claim his creditability to boost up the company.
Guy whatever done is done but with the prospect and confidence gave by the CEO is not easily done and can it be done by everyone..e.g. good financial and strong revenue stock can be keep going down and did Supermax CEO say something at least to console the losing retailer like us. Anyway, hater can continue be hater, but I confidence next week Vivo will shoot up... so be ready !!!
Price goes down bcos all announcements has no strong earnings potential. New Ceo is just playing investors sentiments to Goreng price. Looks like a previous 2nd Board goreng master. Vivo strictly for short term play
i believe the ceo being a so successful business man must not easily give promise and cheat people, i give my trust word so next week i gonna all in vv. god bless me
First we need to understand the background of the person steering the ship .If the captain not qualified then it’s hard to be in charge and to direct the ship to the right course.
Dato' Seri Chia Kok Teong ("Dato' Seri Chia") started his career in Australia before returning to Malaysia, working in various roles ranging from accounting, financial controllership, business development, strategic planning, business advisory and consultancy in several respectable and reputable corporations. Dato' Seri Chia has more than 30 years of extensive experience in the corporate sector, particularly in the area of corporate management, corporate advisory and strategies including turn-arounds of companies and mergers and acquisitions, equities and investment across a wide range of business industries.
Qualifications
No Qualifications Major/Field of Study Institute/University Additional Information 1 Degree Bachelor of Economics (Majoring in Accounting) Monash
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ThinkWiseLah
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Posted by ThinkWiseLah > 2021-03-05 13:22 | Report Abuse
too many haters who lost previously spreading negative rumors, frankly speaking if it comes with moratorium, price will only go up