Possible to gain 100-150% ROI next year if keep for long term.. Just keep some money in this counter until next year and keep some in other counters for daily profit..
Relax guys..today maybe flush out some contra/impatient holders.. since yesterday someone is collecting at 1.34 and 1.35 and make it as strong support and today it happens again... im positively that next week someone will continue to buy more as we can see that sellers are forcing their self to sell at lower price.. that means buyer can buy more at lower price before they push the price..
mh87 & tlbeng, i agree with both your analysis. so far its looking like a very healthy correction phase..next week if the index goes up as "planned" then MRCB should follow upwards =)
Frankly I made loss in both mother and child. I've liquidated my position in both. The biggest problem I see in this Company is its Mgt cannot be trusted, 3 weeks ago, it wanted the analysts and media to wait for its "digearing" announcement and indicated no new issue of shares, suddenly last week announced 12% private placing leading to the same rate of dilution. Since then its shares price started its southwards journey. Best to invest in other counters as we have so many other counters much more superb than this one. Just personal opinion plse don't scold me should say anything wrong.
@saschl, I'm a bit agree with you.. It seems inconsistent to hear that they announce private placement in just no more than 1 week after they gather the analyst and comment on gearing issue. I'm also curious on this part, as well on the third quarter that fall below expectations.. even though the private placement was for 35% bumiputera plc, but I hope I could get an further explanation on this. however, I'm still confident with the earnings that will come from the recent major project. And keep in Mind, project that win by MRCB, and MRCB Management are highly linked with Govt. Which I think bumiputera status will be a strategic status for MRCB to win more project. LRT 3 PDP was a example. I hope someone that know more can share here..
ooking at the major share holders it is a fund stock n the way i look at it as if they play the news to flash out the weak n small holder before changing the story for better....but dont think will go below rm1.24 the 20% private placement price...anyway i just have few lot so nothing to worry....just keep it on the faith of doubt...
Nevertheless, for the cumulative nine months period (9MFY15), MRCB reported a 92.3% surge in net profit to RM303.6 million or 17.01 sen per share from RM157.91 million or 9.34 sen per share in 9MFY14, driven by the completion and sale of the groups projects.
By year 2016 it would be improving its balance sheet with more profits
If this company has no projects, maybe all of you can delete this counter from your watchlist forever.. But its big projects are on the way and improvement in this year result.. worth to wait as many weak holders sold their shares last week..If this company has no projects, maybe all of you can delete this counter from your watchlis forever.. But it has billion projects and improvement in this year result.. worth to wait as many weak holders sold their shares last week..
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....
kbkool
215 posts
Posted by kbkool > 2015-11-20 09:26 | Report Abuse
Gonna shoot up today...