6:23PM MPAY Chan Wah Kiang (5,000,000 units Disposed)
Friday, 7 Feb 2014
6:29PM MPAY OTHERS 6:24PM MPAY NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) 6:07PM MPAY Chan Wah Kiang (500,000 units Disposed) 5:38PM MPAY Dato¿ Theng Book (1,020,000 units Disposed) big shareholders are selling vigorously when price is up?
it's ok lah, leslieroycarter. it is now at the stage of speculation, and we are betting MPAy will win the TRS contract and just hope it goes all the way UP to TP 0.50. that's simple.
LATEST!. The CEO has indicated his intention to deal with his Mpay shares. This would be a strong indication of his view of his own company I think because the other substantial shareholders (who sold earlier) Chan and Bok are not on the board of directors and thus not part of day to day management. If the CEO sells also then something not right, if he buys then that is a confirmation of a good future especially with news of a new bumiputera major shareholder coming in.
madiba, you are partially right, he is selling to new shareholders to have better cash flow and investment to do bigger business and more project. New shareholders want the price at 50cents.
is that mean today's price will go downtrend then realted to the dealing? the buy vol this morning seems to be not so good.....anyone can enlighten me?
We will know next two days after the CEO files whether he bought or sold. With the new bumiputera shareholder coming in via the private placement, the CEO can either sells his whole block to the bumiputera indicating a takeover and very like MGO if change of board of directors also or he buys more because he thinks his shares are undervalued with new projects/new partners coming in. We just have to wait and see to form a conclusion to the CEO view.
Lets see whether the price holds up above 20 sen this week and the CEO buy/sell action. If he sells to the Bumiputera related to the TRS project then its great news. If he sells to the market then its terrible news. If he buys then its wonderful news because that means the CEO who knows his company better than anyone else believes there is a great future for Mpay with his new partners involve in the TRS project. BY the way I notice he hardly buys or sells so his action will be a good indication.
major holders now holding around 90%, very easy to manipulate prices. So if you have holding power just hold on a while, RM0.50 maybe likely, but not so soon. Near term I expect at least mother to 0.30, so hold now, wait for the best
Steven whatever you say, small holders is selling in panic. If you know the psychology of share market, you will know now is panic stage, but is only the small holders is selling.
<begin quote> "issue price at RM0.1560 per Placement Share - Means the special private placement price for selected known buyer will get 10% of the shares at that price. Since it is still preliminary i.e. the issuance of this pp will take at least one month (or....), this counter is highly likely to move up until the listing of these new pp shares.
if breaks 20 cts this afternoon , more selling will come forth and may touch support level at 16 or 15 cts...! provided the sharks keep on buying ...but the chance is rare !
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....
jsjy123
543 posts
Posted by jsjy123 > 2014-02-11 14:59 | Report Abuse
So, tues up 0.03 = 0.23
wed up 0.03 = 0.26
thurs up 0.03 = 0.29
friday up 0.03 = 0.32