I'm sure I place order and it match and deduct my money I saw it in my live portpolio then place to sell But not allow Till now Don know why???? Thanks all for help Will try tomorrow...I'm using hle
Can only sell 1/3 of the holding from 1/6/17 to 5/6/17 since the company is consolidating the shares from 3 to 1 with x-date on 1/6/17. By 6/6/17 the holding in the account will be adjusted to its real number.
The total shares issued has now reduced from 1b to 385 mil. Deduct those major share holders it probably left with 100~150 mil shares floating in the market for trade. It should be quite easy to goreng up trend if the investors really willing to do so. Some more they are considering to get into the halal business in which it was a good potential to increase these revenue.
Carl Tan, u hv actually made 21.5 - 19.5 = 02.0. If u hv bought 100,000 shares, u shd hv made RM2K. The 0.215 price is the adjusted price after the condolidation. When u bought at 0.065, the price after consolidation is 0.195.
Lost in Bursa, the adjusted price after the x-date was 0.195 based on the closing price of 0.065 on the last day before x-date;(0.65 x 3). If u bought at 0.65 on the last day and the present price us 0.215, u hv actually made 0.02, where got loss, except if u bought at the price higher than 0.065. Although your holding hv been reduced to 1/3 but the price was adjusted by multiplying 3 times.
When this high profile bumiputra investors joins the company, it could potentially enjoy full backing from the malaysian and chinese governments...hope this will all materialize soon!!
Asiabio has just ventured into a MOU with Hong Kong and China companies to venture into the development of halal foodstuff and products, i.e. A partnership to produce and export halal-certified food products to the global marketplace.
This is part of the OBOR China Initiative with the support of the Malaysian and Chinese governments..
Hence, is it imminent to see the emergence of a prominent bumiputra fund or GLC as shareholder/partner soon?? Stay tuned... :)
Quote : “This MoU initiates the group’s role in China’s One Belt, One Road (Obor), with ABC taking the incubation initiative to spearhead a long-term strategic cooperation between Malaysia and China on the globalised development of halal foodstuff and products.
“China’s Obor initiative aims to see 65 countries spanning Africa, Asia and Europe being linked by land and by sea for trade and investment.
“The Obor initiative aims to serve as the main conduit to boost the global economy,” said ABC. In conjunction with the above initiative, this MoU signifies our intention to respond to this call by building the physical support and infrastructure for a halal food and product hub first, in China.
“ABC will act as the international halal-certified food product channelling centre and regulator liason body for food product development and quality throughout China.”
This all are on papers investors are looking at results,solid revenue,profits until then its only gambling stock.hit and run.2 years back they did the same thing mou 's after price reach 26cents they dump ,making money and cancelled mou.alot of ikan bilis trapped until now.for now i still be cautious with counter. If price up take profit cabut.
Let's not forget that Asiabio currently holds 195M shares in Focus, acquired under an average price of < 7-8 cts. Current matket value dtands at MYR.41.1M...subtracting the cost of acquisiton, profit stands at MYR 30M.
If Focus continue on the upside to 40 cts, the stake will eventually worth MYR 60M... that's a huge investment return !! 8)
Stay tuned on the announcements...on whicn fund is jooning the Halal party :)
I really lost and dunno what happen. I was holding 70,000 shares at avg price of 0.104 I sold 20,000 at the price of 0.215 on 5/Jun After that my portfolio shows holding 50,000 shares then on 6/Jun my portfolio shows holding only 3,333 shares No matter what I try to calculate I just cannot get the way. Can anyone please help explain.
PArch2, u sold 20,000 shares after the x-date meant u hv sold 60,000 shares of your holding b4 x-date. Your remaining holding of 10,000 shares is consolidated to 1/3 which neans 3,333 shares. Your average price of 0.104 prior to x-date = 3 x 0.104 = 0.312 after x-date of your 1/3 x 70,000 shares, which means you hv lost 0.312 - 0.215 = 0.097 for each share sold.
although the seller volume is higher, today buyers volume is better than yesterday. Expecting price flat around 0.2 to 0.21 for this week. MoU is a good news. Bull is giving a good fight. keep in watchlist.
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....
Lost In Bursa
359 posts
Posted by Lost In Bursa > 2017-06-02 16:53 | Report Abuse
Monday our shares volumes will left with 1/3 only. Trade smart it will go up further. Only handful of shares float in the market