Manteh110.....Looking at the recent positive developments as mentioned in my earlier post , its best to hold for awhile and add more ….
There are many positive developments within the last month:-
1. The completion of a clean capital share capital reduction which has resulted in retained earnings of RM111.6 Million as compared to the accumulated losses previously. This augurs weel for the company moving forward as it is now in a stable and good financial standing
2. Appointment of 2 new directors which include a top gun in Pakatan Harapan : govt contracts on the horizon possibly
3. Completion of a private placement exercise which involved 100 Million shares that did not increase the total no of shares which is easier for the price to rise quickly. These private investors see major potential in this company otherwise they would not buy a substantial stake now.
4. The company is undervalued as the share price is below the net asset per share of 12 sen
5. Lower gearing of 0.32 times
6. Technical analysis wise, the stock has bottomed out and rebounding with substantial volume with much larger buying queue. Possible rounding bottom chart pattern forming now.
PH top gun appointed to Board of Directors, cash flow positive, retained earnings of RM111.6 Million very good with Net Asset Value per share of 12 sen....best time to buy when its so undervalued at 3.5 sen now
Technical analysis wise : rebounded off bottom with volume and forming rounding bottom pattern ...with the right push and trigger by market operators and insiders, a retest of its previous 52 week high of 18 sen is possible I reckon.
yes i understand but just dont make people confuse.just tell the name.it's simple.i'm holding this counter since .02 sen.i need to know the truth so just be transparent...between i never know PH got top gun.lol.
Operators and insiders I reckon are quietly collecting at this 3-3.5 sen level...Volume yesterday was almost 4.16 Million shares traded ...higher than the daily average of the past 4 weeks. Flushing out the weak holders probably before the next rally.
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....
Manteh110
302 posts
Posted by Manteh110 > 2019-04-01 15:37 | Report Abuse
No money to hold