Oil up till 125 surely will affect logistic bussiness, and Ah Lean asked to reduced public shares kena rejected, he want to acquired more but kena reject, today bought some at 215 will wait another round at below 200.
Critical conditions, and most institution and hedge fund won't invest in this kind of stocks, because majority of the Shares is with Ah Lean and group, only Ah Lean can goreng up this counter
Within 21should be a point that able to reached home, even if it goes down to below 20, I see worse is 165, eventually Ah Lean need to grow his market cap if too low not good also in financial point of view.
Ah Lean can make this counter longest red of 32 month and now already 16 months in red, so don't expect you can make fast return in this counter. 10% cut loss from 21
Need to ask yourself why Ah Lean let the shares drop so much? Say from 0. 40 to 0.20, free warrants issue at 0.4 expired in 2028, so what's does this tell you?why he did buy back after issued of warrants?
If I'm him ofcourse I want to make maximum profit, pressed down the share price accumulate more shares especially warrants that can exchange into actual share value, Gbai is making profit every quarter and he know well what's the value of his company, no reason he have to bring up the share price when 0.40 and warrants are issued at that price so how much would be reasonable to get cheap and maximizer the gain? I think 50 - 60% discount from 0.40
At time he also need to make his market cap to be presentable enough in order to win more contracts, if the share value at 0.15 with market cap /- of 800M or it drop to 500 M- 600M, gbai will not be in go position to compete.
Ah Lean keep mentioned few times in his interview to focus on digital tech, his also biggest shareholders of wet bites, go check SAP and Wet Bites how they progress, if keep dropping no problem de everymonth use your salary by abit by abit maybe this way you can beat Ah Lean
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JP01
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Posted by JP01 > 2022-03-01 16:02 | Report Abuse
For current trend price fratuation is traded between public shares holder.