for those who have invested in gp, i'm sincerely wish the price will goes up and for those who have not invest in this counter, i'll says put your money elsewhere
Last 3 trading days, direct business transaction of 110 million shares at 80 sen. This represents about 10% of outstanding shares. Is this the private placement they were talking about? But no company announcement. So it cannot be private placement. What is it? Wa tak tau lah. Anyone has the answer please share.
Don't kid yourself. Jangan selalu bagi syok sendiri. If this stock is good, with all the great news flashing on the papers practically every day it should be trading at 1.50 by now. You think those promoters are stupid? Certainly these people know something which we don't know. This stock is only good for trading. Buy low, sell high. You can do this every day and can make some profit. DO NOT HOLD!
chkhooju Undervalued? What value does it have? Loss making for so many years has value? What a joke!
Chkooju don't understand Internet and tech company. Same as warren buffet. That is why Warren buffet never invest in tech Company like Google and amazon.
Early day Facebook, amazon, yahoo, Google are all making lossess and keep on burning cash for many years.
Uber and grab, PayPal, JD and some other tech company listed in Nasdaq are still burning cash and make big big losses every year...
Google market cap is more then 1T Amazon mcap is more then 1t now...
General motor and Toyota have been around for more then 100 years Both mcap is only 20% of amazon..
Most of the amazon profit are come from cloud biz and they are investing heavily in AI.
If some one willing to transact at a higher price of 80 sen @ 6% block worth of 48 million imply that there is some plan ahead that we do not know, noticed that there is no new warrant listing on coming Monday, let see how the market react with this good piece of news
The only way forward is with tech! The only way up is with TECH! Trading platform is also thanks to TECHNOLOGY! In the long run the company is improving and expanding their tech they are going forwards instead of backwards, might be down now but in long term this is a potential company to make bucks!
For a block buy of 6% from open market in a short time frame, the price will shoot up too fast on halfway buying ..could the buyer be Tencent or a China investor will remain a guess in the market
Cryptotrader Where you got the news of 110m DBT? Please provide the news link.... 110m at 0.80 = RM88m
The information can be viewed on online trading platform. If we do a stock search (GPACKET), right click on the stock, select Direct Business Transactions and it will provide you with all past and present transactions history.
June 19 : Green Packet Bhd saw 60 million shares change hands at 80 sen, which is a nearly 16% premium over today’s closing at 69 sen. Wow, who pays a premium for so many shares off-market.
with mkt vol so high everyday, why still need to buy off market? ... and buying from mkt is cheaper ... I remember etitech, kaput tech ctr last time, oso same tactic declaring middle east investors bought their shares bla bla bla
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....
Chua Joe Beng
518 posts
Posted by Chua Joe Beng > 2020-06-19 20:56 | Report Abuse
I thought it should b rm1 considering all d expected future earnings!