maybe bursa red eye on this counter they will purpose designated ... once designated news come out the price will fall.... stay tune for news like last time DSonic
some people here attempt to spread rumors to create panics, with the intention to see price down so that they can enter with cheaper price .... haha, slow slow wait lah ...
target price 0.70 within 2 weeks time from now ... mark my words "scchen1975"
Judging from the way you reply, i dont even bother to read what have you previously posted. Why would someone want to enter at cheap price when there is no fundamental and growth prospect for this lousy speculative counter? Hoping for another round of Goreng? Should the price drop from the high of 0.425 to say 0.10 back to early Feb, would you enter? Pure speculation. Are you speculating, trading or investing? I doubt the latter.
always_steady what i heard from friend inside..busra are seriously looking into this counter. Its a matter of time them will shoot designation because a few attempt done by bursa to seek clarification from WINTONI on why the price moving so fast without any substantial development update to bursa and no announcement being done by the company on the request made by bursa. Goodluck.
Guys.. be realistic.. how come tp reach 0.7 without any news and dropping? Use cautious.. not intend to spread panic.. just a reminder to all out there.. dun follow emotion.. just sell when got profit.. still lot of countr left for goreng2..
Judging from the way you reply, you are exactly behave in a way that you attempt to re-enter this counter ...
If you not interested to enter this counter, you would already go other counters spend time over there to study or analyze .... but you are so busy here giving comments, it proves that you are monitoring this counter very tight ... what is the reason? ... haha .. use your brain ...
i am speculating, and already here when it was 0.07 - 0.12 ...
mark my words ... i know what is the target price for this counter .... 0.70 ... see for yourself (make sure u dont curi curi buy)
sold all at 0.41..thank you wintoni, u hv been very kind and generous..for the rest who are still holding good luck..i may buy bck if there really is some positive news these coming few days..cheers
I am speechless ghost2014. You really make my day 5 min ago! I can't stop laughing till my wife ask me what has just happened. I think a 40 years old man is talking to a young kid like you make me want to laugh again and again. Attention to all i3 forum members, read carefully what ghost2014's reply. A SPECULATOR will unload his/her shares when you REALLY bought between 0.07-0.12. What are you waiting for? When you trying to cheat a young lady to your bed, would you wait for another month to "undress" her? Your intention is to speculate, why not harvest now??
I also sell already. Holding it from 0.11 sell at 0.40. I listen to my friend warning inside BURSA before during Playing with Harvest and manage to cabut early 2 days before designation. Now this one. i sold. already today. By the way thank you Wintoni. Nice Profit. Will try other counter after this. Those still holding wintoni...Good Luck.
I sincerely hope there will be no designated announcement ever! If there is any in near future, prepare to cut loss. Bravo to xdar who knows that you never able to buy at lowest and sell at highest. You have made a smart decision knowing when to stop.
0.405 is a decent closing price. This will keep Bursa at bay. I would be worried if it closed at the hi. Looks like the big boys have learned their lesson. Tmrw will test 0.45
If TP 0.70, now 0.405. Technically 73 % upside leh!! Ghost 2014, you should moonlight to be golden duck at night to earn the extra and show hand every single penny you still have to bet on this share! Sai lang ! Every 100k you taruh sure earn you 73k when your TP reached. Need extra cash let me know. My wife is laughing now...
Hey kid, I wonder how much you have to speculate? How much you actually made from your 73% profits? I made money through value investing since my late 20s when I have earned and save enough to invest. Not just share market, but through properties as well. My wife is 7 years younger than me and we both already retired and earning passive income through stock dividends and rentals of some of our properties. We laughed because of your ignorance. No offend. We were like you many years ago. I guess you are still young. But don't tell me you are about my age. Then it will give me more reasons to laugh again, perhaps this round with my affluent neighbors.
KFM (8303) Privatisation at 45sen. Now only 34.5sen. Chance
KUALA LUMPUR: Kuantan Flour Mills Bhd (KFM) has entered into a heads of agreement (HoA) with a major shareholder of NEP Holdings (M) Bhd in an exercise that will see the latter emerge as a substantial shareholder if the proposed deal is approved.
The exercise will see KFM acquiring assets from NEP in a reverse takeover (RTO).
It will result in Lim Chang Huat, the major shareholder of NEP, emerge with an interest of more than 33%, triggering a mandatory general offer (MGO) for the rest of the shares he does not own at 45 sen each.
According to a filing with Bursa Malaysia yesterday, NEP is involved in assembly, leasing and trading of water filtration system products under the “Diamond” brand.
KFM said it had entered into a HoA with NEP’s vendor, Lim, for a number of proposals to facilitate the RTO, which included the creation of a new entity (newco), and securities exchange between the newco and KFM.
Under the scheme of arrangement, it is proposed that every three existing shares in KFM will be exchanged for one new share and one warrant in the newco. The existing KFM warrants will be exchanged with warrants in the newco.
Subsequently, the listing status of KFM, which used to be aligned to former corporate kingpin Soh Chee Wen, will be transferred to the newco, which will then acquire NEP for a purchase consideration to be determined later.
The acquisition shall be satisfied by the issuance of such number of new newco shares at an issue price of 45 sen each to the vendor, which is why Lim has to undertake a MGO at the same price if the deal is approved.
It said Lim will be seeking for an exemption from the obligation to undertake the offer upon the completion of the proposed acquisition.
One of the salient terms of the HoA is that both parties have agreed for their books to be opened up for due diligence. In this respect, Lim has agreed for KFM and its advisers to have access to all its corporate records and would provide additional information on reasonable request for due diligence.
The similar access to conduct a due diligence on KFM is also granted to Lim.
KFM has recorded a decline in revenue for the past five financial years up to March 31, 2014 (FY14). In the same period, the group has also recorded net losses.
It said the poor financial performance was due to, among others, low average selling prices of flour and the fluctuating prices of wheat.
“In view of the declining financial performance of the existing core businesses of the KFM group, the board has been actively searching for suitable business ventures to improve the prospects of the group in the long term.
“The proposed acquisition will provide an opportunity for the existing shareholders and warrant holders of KFM to capitalise on NEP group’s growth potential in the distribution of water filtration system products and stable financial performance,” KFM said in the statement.
KFM said NEP posted a net profit of RM17.25mil on revenue of RM133mil for the financial year ended June 30, 2013 (FY13). Net profits for FY12 and FY11 were RM14.9mil and RM12.7mil respectively.
The compounded annual growth rate (CAGR) of the NEP group’s revenue for the past three financial years up to FY13 was about 15.3% while the CAGR for the NEP group’s net profit was about 16.39%.
Hi guys today i miss the boat, but i'm still in with Wintoni, busy with married ceremony ,finally Wintoni touch my Tp 0.40 , so worried about some scary posting but if you do your homework you have the confident to hold tied. I will pull out tomorrow good luck all Wintoni fans. Just for sharing i think Mqtech is going to fly and Sanichi is moving up tomorrow.
Ulul Azmi I'm not sifu la , just like to share some information that i know and i will be very happy if you all got some profit, don't forget to donate , is good for you. Esl_22 don't worry la now Wintoni looks so strong, just be patient .
scchen1975 .... since u have so many properties and a pretty wife, why should you waste your time here if u claim it is a rubbish stock .... must be u are watching it .... hehe ... use common sense la
no one said this is a good stock, but as long as it make money, it is good enough
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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....
Jason Choong
486 posts
Posted by Jason Choong > 2015-03-16 16:12 | Report Abuse
when is the announcement? tomorrow?