Kyy knows nothing and has zero business acumen or any of that dynamic mojo whatsoever.
His investing is no different from a game of baseball. Swings a dozen times, and he relies on that one strike to score a homerun. Quick and disciplined cut loss strategy to minimise errors (sounds like a cpteh to me). Score a dozen home-runs over 40 years and claims himself to be a super investor.
Warrent Buffett only has 4 rules: 1) A stock must be stable and understandable. 2) A stock must have long term prospects. 3) A stock must be managed by vigilant leaders. 4) A stock must be undervalued.
VITROX CORPORATION BERHAD ("VITROX" OR THE "COMPANY")
PROPOSED BONUS ISSUE OF UP TO 236,305,050 NEW ORDINARY SHARES IN VITROX ("VITROX SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING VITROX SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE")
It's liquidity is extremely low, and I believe a lot are insiders or their own employees, it's a tightly controlled counter, I believe they will push it as high as possible, down side risk should be low. If this month they release blow out results (meaning good results which beats both QoQ and YoY), RM10 is possible. Some people think that tightly controlled and low liquidity is bad, but in this case, I see it as a good thing. Think of it this way, there is no reason the insiders / inner circle want this share to drop, right?
Why today (Thursday) so many sellers. 6.19 (540,00), 6.20 (595,00), 6.21 (4965,00), 6.22 (10,00), 6.25 (210,00)? I thought it is like KESM and JHM with very low free float.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES VITROX CORPORATION BERHAD ("VITROX" OR THE "COMPANY") PROPOSED BONUS ISSUE OF UP TO 236,305,050 NEW ORDINARY SHARES IN VITROX ("VITROX SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING VITROX SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE")
10. APPLICATION TO THE RELEVANT AUTHORITIES The application to the relevant authorities will be made within 2 months from the date of this announcement. 11. ESTIMATED TIME FRAME FOR COMPLETION Barring any unforeseen circumstances and subject to all required approvals being obtained, the Proposed Bonus Issue is expected to be completed by third quarter of 2017. This announcement is dated 2 May 2017. ==================================================================
Why Vitrox needs two months time to prepare the paper work to apply for bonus issues? JHM needs only 5 market days to make the application. And amazingly, the next day, Bursa Malaysia approve the application.
Pursuant to Paragraph 9.19(51) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of ViTrox wishes to announce that the Company has on 16 May 2017 (“Offer Date”) offered the following options to its eligible Directors and employees to subscribe for new ordinary shares in the Company (“Shares”) (“Options”) under the ESOS in accordance with the ESOS by-laws of the Company:- (a) Option price per Share is RM5.58 (b) Number of Options offered are 795,000 Shares. (c) Market price of ViTrox’s Shares at the close of the market on the Offer Date is RM6.08. (d) Number of Options offered to each Director and the persons connected with them - NIL (e) The Options are vested on the Offer Date. This announcement is dated 16 May 2017. =================================================================== Bad news! Will hold until announcement of 1 st quarter results but will not hold until bonus issues. It will take some time for the 795,000 shares to be listed and then the eps will be diluted.
After 10 market days of waiting, finally Vitrox managed to complete their paper work and summit their application of bonus issues to Bursa Malaysia (even though they said they need 2 months time). Usually after 5 market days, it will be approved and we can expect a relief rally which what JHM did last time.
It’s all over for the FAANG stocks [MarketWatch] MarketWatch12 June 2017
When super-momentum stocks like Facebook, Amazon.com, Apple, Netflix and Alphabet (Google) crack, they fall hard and may take years to recover their former glory.
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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....
stockmanthekoonman
70 posts
Posted by stockmanthekoonman > 2017-04-28 13:25 | Report Abuse
Kyy knows nothing and has zero business acumen or any of that dynamic mojo whatsoever.
His investing is no different from a game of baseball. Swings a dozen times, and he relies on that one strike to score a homerun. Quick and disciplined cut loss strategy to minimise errors (sounds like a cpteh to me). Score a dozen home-runs over 40 years and claims himself to be a super investor.
Odds are better on the roulette table.