agree with Leslieroycarter. Genetec market cap at this price is almost RM60mil nia. minus off the portion held by directors, one just need RM20 mil to orchestrate and control the price. RM20mil is nothing to syndicates nowadays
For the current quarter ended 31 December 2015, the Group recorded a loss before taxation of RM1.3 million as compared to profit before taxation of RM1.7 million in the preceding year corresponding period. This was mainly caused by the lower sales volume achieved. As for the nine months period, the Group registered profit before taxation of RM8.4 million as compared to RM3.0 million in the preceding year corresponding period. The increased in profit before taxation was mainly attributable to higher sales volume achieved and recognition of foreign exchange gain.
after discounted 61% for exchange rate depreciation , u r actually buying 6.63c b4 crisis, if 2nd half the exchange rate coming to RM4, then it will be a bonus again!
Those who sold 16.5c must have very regretted, sometimes cutting loss is not the only solution. u need to stay a few days or weeks longer to think it over to recoup back all the losses. Do not blindly follow tok gurus buy n sell, pump n dump coz u just do not have the bullets. Sometimes, when it is down catastrophically, it shall be the good time to enter to realiase a substantial gain. u must play the reverse...in order to win some but loose some ...
OTB in his profile stated that his risk profile is low then he should not recommend Genetec. Genetec, Geshen screw up then all the win previously are to compensate for the losses
He is so successful he listed down 12/13 stock pick he says is doing good.??? 92% he says. Everybody laughing all his stocks down and he says its up. I listed only 2 up. What n who is he try to kid? Day light lying
Even the stocks that he personally pick after giving due analysis yet still in red. How can he comment on Genetec when he fail to convince us that he is good!
Possibly a trap for Genetec as Crystal commented...but OTB subscribers need to exercise more caution from now... think and investigate before follow blindly...
Basically, conflict of interest exists between OTB clients and he himself unless he did not hold any Genetec shares (or being a very long term investor) while offering tips. They are competing among themselves to get rid of stock quickly especially during the bearish market. No argument arising during bull market cause most of them are making money on paper. He would be warship like a stock GOD in good time. However, OTB would probably have a nightmare (mentally) in bear market while everyone suffering losses. His clients may bombard him for chartering a flight sending them to Holand.
Luckily, this is a Boleh country. His clients would not bring it to the court for claiming losses due to whatever reasons i.e. Negligence, conflict of interests......
I 101% agreed with OTB as now till 31/12/16 still got 10 months to go. What goes down will come up eventually. It's only a temporary setback! The most your heart get painful if you are holding your position as its only paper losses.
I am sure you all realized OTB also selected Genetec in his stock pick 2016 competition! As auch, I will give him the benefit of doubts he tried to trap his subscribers. Who know by end of the year Genetec might hit 0.40-50c! OTB, you have my backing for the stocks selection even though mostly were in the red now if based on early Jan 2016 stocks recommendation. By the way, majority of the stock pick 2016 participants were in the red too, so don't feel disheartened. Cheers....
Putting conflict of interest a side, OTB did not have any good reason not to encourage his clients to buy Genetec share. Everything seems so nice in term of revenue and profit growth comparing with last year. If had warned his clients about the company directors disposing shares from Oct 15 to Dec 15, then it's reasonable to presume he would have discharge his duty. Something must be wrong when the directors had disposed more than 40 million shares during that period.
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....
jonbravo
428 posts
Posted by jonbravo > 2016-02-26 11:07 | Report Abuse
WHEN GENETEC WENT UP TO 0.30, SOMEONE SHOUTED, SEE U EARN BACK UR RM3000 SUBSCRIPTION FEES. WHAT HAPPENED TO GENETEC NOW????