hero666 I suggest anyone that earned better take profit, usually one day show. One big up then the next trading day sell down hard hard, just check it's past record charts you'll know
But i really hope will continue breakout 0.5 la of coz, just that those contra player better careful.
31/01/2019 21:47
You are absolutely right ! this counter gone Holland again. I don't regret having cut-lose.....
Heavy buying and selling at 50 sens. No matter how much people want to buy, definately someone will throw. Looks like owners defending the price at 50 sens. Anyone know why?
I think its the other way round. Once owners start to sell and push down, i think will see the low 40 sens again. I hope im wrong but thats my humble opinion...
I suspect the directors is selling at the moment, later gone down again....just my opinion. but this show has been playing many times as you can check the past data....
Looks like its probably just a fake sell. Owners and gang probably collecting a lot. Remember the owners and gang will definately know that by selling with their real account, it will be announced in bursa. Not 100% sure but just my prediction coz bahvest price keeps on rising. Im sure if the owners really want to sell, the price will drop. Just owner & family and Tabung Haji have more than 200 million bahvest shares & more than 100 million in free warrants. Who will have so much money to buy if they really sell. And not forgetting the millions and millions of shares in proxy accounts :)
If U can wait till May 2019, guarantee earn !! Thats my prediction since last year. End of this month quarter report out. May 2019 again... Just hope that your average price is not too high then will surely earn :) Cheers !!
No one can tahan the way tabung haji sells. Not even the owners and gang. 90+ million shares & 50 million free warrants still to go. After not substantial and no need to announce, will even sell more crazilly coz no need to announce. Soon bahvest will go back to the 40 sen +- price if tabung haji sells like that...
Better for TH to sell all now so that we can buy cheap, after all, this counter is set to fly high once the results turn positive on higher gold extraction, if due to certain reason TH needs to sell, that is our opportunity to buy cheap. But I doubt that TH will sell all in open market, don't forget that the SPV by the name URUSHARTA JEMAAH SDN BHD was set up to buy equities owned by TH.
In fact I am waiting to buy the warrant at below 15.0 sen if TH sells their holding in warrant. The warrant is always thinly traded, once being thrown down, you know what will happen!!!
This is something NEW in bahvest. For the donkey years ive been following this counter, their substantial has never really dispose. This time tabung haji looks like selling for real. They have only sold around 10% of their shares and bahvest price was stagnant already. The next 10% they sell bahvest wont be at the 50 sen price already. Sadly its gonna drop :( Although the trend and prediction looks super positive of bahvest for the quarter report and monthly production, but as long as there are more sellers than buyers, the price cant go up... Anyway 50 sen bahvest & 30 sen free warrant makes Bahvest at RM1.30... its not cheap and not expensive in my opinion
Figure never lie.. look at their monthly productions.. thats reflect their revenue... ie.. Dec they have 31kg* RM170K.. thats 5 million revenue per month.. avg will ve RM15M perQ... compute by 4Q... annual revenue will be 60M.. that will be the record high revenue for bahvest in their entire history.
The important of bahvest now is on their profit margin.. If they can achieve 30% margin.. 60M revenue for 2019 will be thier killing as their profit will be around 18m... of course that will be assuming their Aqua business remain breakeven.
i advise we all hold position. The QR and production figures in around the corner, so hold. This round of frying up is for some reason, and Tabung selling also so coincident throwing out. Must be some fund manager / big shark collecting from Tabung, otherwise no one can able to shallow such a big volume.
i agree with Vincenbravo, this counter might need to wait until End May. After this fry and qr whole thing, better run and take profit, up so high fell down sure crazy hurts. Run and come back before May if really so keen into this counter. Or i strongly suggest go other places, QL, harta, topglove, revenue, dialog. dont involves in this rubbish fry counter
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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....
paksaham
104 posts
Posted by paksaham > 2019-02-05 00:29 | Report Abuse
Hopefully more to come!