You'd better pray that the PP holders is less than a handful , as it is price at 0.49 only and the number of pp share is only 10% of the total share issued which is equivalent to mere RM 11.5 million.
If there are too many holders then this pp investors are ikan billis too and since armt say no lock up period for pp, I think these folks will dumps immediately with few cents profit....
However, I believe Dr.Palan is smart enough to identify the right investors to join the party....
When price is flying I would prefer to sit back and enjoy watching my profits multiply rather than wondering why didn't I buy more when prices were low. Be confident of the fundamentals of the company.
More so with the CEO, Dr Palan, check him out at www.palan.org if u don't know much abt him. It will give u more confidence to invest in this company.
Been buying SMRT till i have no more money man. Gotta hope this would be the start to a rebound. Long term investor anyways la so wont matter that much to me
@skng, give you a "like" bro, but sadly told that, many people really like to start buy when its price goes up. Warren Buffett said "if you wait for the Robins...spring will be over..."
"quantum leap in profits in FY2016". If management able to operate their plan very well, I think the scenarios will be: maintain profit at 1.5 sen per quarter at next quarter -> Pro-ELT rewarded -> another good result -> Rebrand MEGB -> Tranfer to mainboard -> Start of heavy enrollment student -> Institutional fund flow in -> MEGB turn to profitable -> SMRT records breaking result -> nice dividend reward to investor -> many people start to come in panic buying -> then I sell it to you at RM2.00 (from RM0.52 to RM2.00, ~300% gain in 2 years).
@gauss, if u understand Cantonese I say to u "sing lei guai yin" haha.
However, in the short term I do hope MEGB/SMRT management will be able to execute the next important step, i.e. continue to sell the rest of their properties to increase cashflow for MEGB, declare special dividend so that SMRT could trim their debt.
I'm just getting a little uneasy with SMRT's debt level after the MEGB 23% stake acquisition.
TomyamGong, I agree with you. That is reason why my TP was set at 0.40... I believe this is the best price to enter... Will happen very soon... One day drop 1 cent so my TP will achieve next 2 weeks...
@alexyap, no bro, my according to my magic crystal ball, the best price to enter is 0.01, MoneyKing and TomyamGong are just to optimistic on this counter. I suspect this price will occur in the coming days if not hours.
Tomyamgong, MoneyKing, alexyap, the best price to enter would be 0.005 coz by then it is impossible to go to 0. Not only is your investment 100% safe, u can gain 100% with just a tick. Can't think of a better TP to enter.
@skng74, bro, you are wrong, it can go to 0 if the company bankrupt, which is a possibility. So cannot say 100% safe la. But yea 100% gain sounds really good man, best wait for that price to come soon.
No worry, my TP will be achieve soon... The idiot directors keep on disposed in open market which indicate that the company not doing well... Else why they disposed???? Look at their recent quarter reports, it tell you this company just worth 0.40 or below... Trust me, dispose first and later buy back... You will no regret at all...
Many ppl using technical analysis in playing stock- disposed now then acquired later then disposed and acquire back later.. What i see in acquisition of MEGB is a super good deal - u wont get this price if the company is doing well.. In education sector - Management skill is the biggest challenge and always the main core. I believe with collaboration of SMRT and creador will turn out to be a good one.. Plus smrt get paid with the service... i think we will be surprised who's the PP holder... Anyway , let's sit tight and enjoy the show....
I will never deny that smrt is a good stock if it's never merged with megb. But now I can't foresee immediate grow at least for one and half year after merged with Megb. Based on the current situation this counter only worth the most 0.40 cents bcos many investors feel fear rather than rushing in to push up. When no people push, how can a stock rise?
@ MoneyKing, I agreed with you. Recently my friend told me that better turn your money to cash instead or switch to other share as this share will further go down around 0.35-0.40... And luckily I manage to sold it at 0.55.... now waiting at 0.40 to collect back... thanks my friend...
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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....
Munger
168 posts
Posted by Munger > 2015-03-19 14:40 | Report Abuse
U r rite..if thats the case...we will never know who is the pp holder