whatever the plan they propose, remember right now the NTA is still 0.03 and the last 2 quarters total loss RM38mil. Their business is still in "red". I don't see their proposal or plan how to make profit. Be careful, don't be caught again!
No pain no gain, need to focus carefully, i bought few days ago at 0.415 n 0.29, get average price 0.315, but the trend movement vli unstable, I choose to cut loss, sold at o.30, loss , ai..can anyone can analys for me whether still can buy....
honestly to tell ya, pn17 or problematic counter or bad fiancial cond counter...its not for holding 'em, not for long term or investment, too risk and it will eat ya money...its good for trading play only
US dow jones red -119points tdy morning penny stocks should move since sona, sumatec and sersol already sailing at sea this counter should start sailing strong support level at 0.30 ...
company has about RM50M cash arising from earlier rights issue, which is to be used for factory expansion. Potential for business improvement is there and timing on turnaround is crucial for share price to move, otherwise have to hold on for a while.
I think if prices further drop we should buy more to keep. My point is 1. management changing hand and emphasis of business development are prices friendly. 2. With this type of paid-up cap and the amount of rubber estate they have is a plus point( scarcity of land) 3. booming glove industry for the past decade and if the trend continue we should c more upside
this co already proposed capital reduction.There will be a cancellation of 0.15 fr the par value of 0.20.Then two 0.05 units will be combine into one unit with 0.10 par value.Please read the co announcement under "Multiple Proposal".Buy with caution unless one is prepared for this reduction.
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Posted by Enigma > 2013-10-03 09:47 | Report Abuse
yes yes is flying up with jets engine