I not dare to give advise. Just my opinion. It will rebound before the exdate for split and right issue. But how low it can go, we dont know. Maybe wait got rebound signal, you can top up abit to average down.
It is very depends how you value a hidden gems. The stock price is kinda low. I am not calling to buy, But I found out the business behind is good. Some say management issues, some say that. Well, at the final, i think most guys forgot If you cant hold low price stock, how can you hold a high price stock.
Ppl still dont understand about what is the problem here when they keep promote this so called undervalued share.....if those contract that obtained can be proven then we are at the bright side ..otherwise we are doomed.................
I feel the contract is True but takes time. The company is going to sell its existing business and venture into oil business. If the contract is not keen, the company will not make this drastic change. I just not agree the way they raising fund. Disclaimer: I'm not promoter, just sharing my view.
I'm puzzled, if this is a con company, why has boss of Tong Guan confidently invested in this company? Is he not worried of his reputation? Any comments?
Big investor can hold long... 3 years... 5 years... Small holder? If the share issue become 2 Billion, how much earning can get good share price? AGES shared issue = 1.1 Billion, Earning =RM12.4 Million, Share price = 12.5 cent JKGLAND shared issue = 2.2 Billion, Earning = RM9.3 Million, Share price = 12.5 cent MARCO shared issue = 1 Billion, Earning = RM4.9 Million, Share Price = 13 cent
The easiest comparison doing oil bunkering to.. STRAITS share issue = 780 Million, Earning = RM0.7 Million, share price = 22.5 cent. If the share issue become 2.3 Billion, share price divided by 3 = 7.5 cents
Better wait until next QR to see whether this business really bring profit. Better if STRAITS release it QR first and showing big earning. Next quarter should be good standard to assess whether this business can bring big profit as between jan to march, oil price drastically increase from 40 to 60 dollar same with VLSFO and container ship are the busiest. Else should wait for good rebound to around 37 cents. Still share split and right issue will bring the EPS down .. it will not recover short term, at least 1 to 2 years to get earning to match with share issue and get good EPS (if the business really profitable). Then if share become 2 Billion it will be hard to FRY!!
Technically tecfast should fry this share until RM 1 or RM 2 then propose share split, it will make it easier to perform share split. Easiest example FOCUS. Now with the sentiments, it will be complex to sustain above 40 cent until share split day.
OTHERS TECHFAST HOLDINGS BERHAD - Offer and Grant of Options under Share Issuance Scheme ("SIS")
TECHFAST HOLDINGS BERHAD TypeAnnouncementSubjectOTHERS DescriptionTECHFAST HOLDINGS BERHAD - Offer and Grant of Options under Share Issuance Scheme ("SIS")
Reference is made to the earlier announcement dated 9 April 2021 in relation to the SIS. The Board of Techfast Holdings Berhad ("Techfast" or "Company") wishes to inform that the eligible persons have chosen not to accept the options offered on 8 April 2021 granted to them.
Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Techfast wishes to announce that it has offered options to the eligible persons under its SIS :
(a) Date of offer: 19 April 2021
(b) Exercise price of options offered: 0.3204
(c) Number of options offered: 83,816,479
(d) Closing Market Price of the Company's share of the Date of Offer: 0.325
(e) Number of options offered to Directors of Techfast: i. Tan Wye Chuan - 35 million shares; ii. Datuk Nur Jazlan - 1 million shares; and iii. Ang See Ming - 1 million shares
(f) Vesting period of options offered: Not applicable
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....
HappyBuyer
352 posts
Posted by HappyBuyer > 2021-04-19 10:47 | Report Abuse
We need promoter to promote this share.....always say undervalue gem....where are the promoter..