"If" the property sales is done deal,few hundred mil will come in,ease the pressure cash and sukuk payment,may rerating might go above 0.90.If want to buy must set stop limit few bits down.Just my 2 cents
Evening sell time..same like yesterday ?, this shark not kind to retailer..consider alot of margin trader trapped yesterday...friday will be alot of down..sad
The stock opened the day at 60 sen and fluctuated between 57 and 82 sen during the day. Over 300 million shares, or 57 per cent of its total issued share capital, were traded. The stock closed at 61 sen, up 5.5 sen or 9.91 per cent, giving it a market capitalisation (market cap) of RM208 million.
The battered stock has dropped 86 per cent so far this year, or RM3.64, costing the company about RM1.92 billion in market cap.
last time serba NTA was RM1 or something like this.... NTA cannot be trusted until it is fully audited and investigated by a reputable auditor... until then, NTA RM100 also useless.
FAILURE to rebound to at least 50% of alleged book value = GUILTY till proven innocent! Likely to go the way of Wing Teik, Westmont Land, Enron & Arthur Andersen!
Feeling generous this Thaipusam so I'll share a pair of latest tips given to paying clients: am buying Nippecraft in S'pore @ 4.9-5c for a spurt up expected with 83% probability within the next month & bought Nepon in Japan for ¥1,752 which was paid for yesterday & is delightfully up to ¥1,865 this morning but can potentially climb much higher(72% probability) The Tokyo-listed company has only 0.963 mil shares outstanding, trading at discount to book & supplies temporary, portable loos which could be very much needed less than 1 month after the Noto Peninsula earthquake in Western Japan.
Other mkts open 2day & if you're only dependent on this half-dead local mkt, then too bad for you...😆 I don't get anything out of this sharing because we can't move the markets for these stocks with a few retailers even if we pump in $2 million. Frankly, I don't give a flying F***👽
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