MPAY made a big reduce of net profit, can't see any reason to hold. Very weak profit, and weak company direction. With current volatile market, throw now, and let the boss buy back. Or is he selling now?
Despite the weak earnings, MPAY's share price still did not drop yesterday (closed at 31 sen). This is already considered very good as most counters with weak quarterly results (eg. K1, Eduspec, Priva) fell by 10-20%.
today good sign I think, I c accumulation happening,price shud b trending up towards agm in june,agm to approve private placement,probably the new shareholders' name would b revealed by then.
Such a tough week for MPay. Contra traders with the intention of making a quick buck suffered a tough blow. The share price have come down to a level which is more reasonable. Good buying opportunity for long term investors give the upcoming announcements.
I'm good. Just got back from Europe. So ya I have been wanting to say something on the blog but the time difference just killed me. Be patient my fellow investors. I know how frustrated recent investors must be buying at 0.36 cents and looking at the share price now. Listen to what Madiba says. That investor is on the ball.
If I were you guys I will sell whatever I have. company nothing to shout about. Weak financial performance. No big deal. More selling to come next week. If some monyet wants to tekan minyak to push, sell it to him. All ACE counters dropped like bricks this week. Look at k1. Market still very uncertain.
Where is marina? Did I miss him? Already given press conference? It will take next week to drop below 0.20? Then have to wait till next week. All the announcement nothing to shout about, maybe one or 2 Islamic financial investor, but with this weak performance, I won't have invested.
When mpay did these two things together private placement and esos with weak performance, i knows something is not right. Stay away, strong sell from me.
Kelvin, you say that the price of mpay will fall to 20 sen and below. How is that possible when the private placement price, which is usual a discount from market price, has been fixed at 23 sen? If the market price falls below 23 sen, can the private placement still go through?
kelvin, "i know" something..n pls not "i knows" something..thats not english..i dont do my homework..its hands on knowledge..or my guys will inform me..
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....
vinoth
640 posts
Posted by vinoth > 2015-05-28 14:46 | Report Abuse
The drop in share price was not due to the quarterly results, but the political uncertainty.