Unless push by traders or goreng news by management, performance will continue to be poor despite chief withdrawn about 3 million remuneration. Positive: cheap vs nta. ST trading play opportunities.
May be the company sells some assets to cash out, break above 0.245 with high volume...worth to give a try. NTA RM3 plus but share price only 20 over cents....
They already bought 31% very high at $2 & above in 2007. Now they are likely to wanna cash out even for a loss, but not such a huge loss if they can help it. So I guess it makes more sense for them to pay a syndicate to goreng to $1 or higher to minimise the losses.
So far I do not see any serious selling pressure so just hold will do...if compared to their NTA, 40 cents is super low....they can easily to dispose some assets to generate cash for daily operation or dividend payment
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....
Jeffreyteck
4,247 posts
Posted by Jeffreyteck > 2020-09-23 10:08 | Report Abuse
Unless push by traders or goreng news by management, performance will continue to be poor despite chief withdrawn about 3 million remuneration.
Positive: cheap vs nta.
ST trading play opportunities.