Allenlee: Go check Sendai counter. They also give bonus issue. Sendai qr is negative.
They do bonus issue because company see the current price is overvalue. So need to cut half the share price.
Director of esceram also think the company is overvalue that the reason want to issue 50% discount price of esos. Why? because he want to manipulate the counter. Everybody buy at Market price he play cheating buy at 50% discount.
If he think esceram is undervalue he will not issue esos at 50% discount price. Should maximum only 10% discount.
The best follow Topglove and Rubberex buy back.
To see director manipulate look after bonus if price keep dropping and not increase then we know who sell at large share. If price increase then many are in safe hand.
Menort,buy shares is at ur own risk.This stock not overvalue.Bonus issues is reduce the price so tht more people can buy.In order can buy or not,people need to know chart(yes or no to invest).If not go and buy Cypark 90-94 cents range.The company got profit to support the upward.Let give above rm 1.40 range.
Good morning, I am not a financial expert but I feel compelled to comment when I see some parties shooting down this company where at the AGM I observed honest people who came all the way from Ipoh (mainly retirees) believing in a good company. They have been for years with this company and made the right decision:
1) After the exercise, assuming the two main directors exercise their ESOS , Dato Kamal- 22.37% and Wong Fook Lin: 17.57%. Tightly held. The other directors ESOS was only 200,000 shares each .Their current shareholding is peanuts. Who is going to play the market and sell? There is a moratorium on ESOS and only 23 m shares(16.5 m at 0.60) which is roughly 10% of issues shares. It cannot be sold before exercise. Kamal has never sold even 1 share to date and Wong declared some small quantity and traded, what's wrong? So, Directors have to announce to bursa if they want to trade in advance . So ,I think we are all dreaming of a conspiracy theory.
2) My own view, quarter results announced end October will be sign of more good things to come. Results will support this exercise, share price will be steady and no sell off as some people are dreaming. Perhaps they want to scare honest people to dump so that they can pick up cheap. That's irresponsible.
3) I am OK with different views but do not mislead the public. I think we all know who will start picking up and come under a different name in this forum once baseless facts are given. Sad...
I think Pang 72 is right. Based on the bonus issue of the big4 in the past their share price has increased instead of reduced. Just 3 mil esos shares to reward the staffs l think is fair and is better than pay them in the form of cash so that the company has extra cash to pay out dividend and continue to operate. Weren't the shareholders have received the 1c dividend recently? Anyway, the announcement of esos just few days before the bonus issue ex date indeed can create some negative perception on the company performance. Let's keep our fingers crossed to see how the share performs after ex div date on 14 Oct and after financial quarter announcement sometime later this month.
Remember again how the director manipulate many of you got stuck at high price. Now many will see why director want to get esos at discount price of 0.60 compare to market price.
I bought at 0.85 and sell all at 1.290. I need to save myself first before director start dumping his share to us.
Price wasn't surged the past two weeks. Esos was announced last week but price just dropped a little bit after the announcement. Now price suddenly surged just two days before ex bonus date. Obviously not manipulation by someone what else is it?
@ Jeff5142. So many off loaded their shares at good profit. If goes up, manipulation by who? Who buying? If drop, all say director selling esos. Now up. How?
“International investors upped the ante in buying activity last Friday by acquiring RM127.4 million net of local equities as investors showed cautious optimism that US Congress will reach an agreement on fiscal stimulus measures aimed at part of the economy.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 558 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12914 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Allenlee
603 posts
Posted by Allenlee > 2020-10-10 18:52 | Report Abuse
36 months