Save…..it is not weak holders …..that is a common explanation, it has been like this for over 7-8 years…weak holders would have gone by now. Programmed trading …I do t want to repeat what I have been saying.
More important I wonder what was said at the Taurx AGM? Any hint as to status of application and general confidence level?
Riaz, thanks for your critical explanation. As Genting and the Consumer index it belongs to clearly are not leader but laggard before CNY, there are signs fund may rotated to Consumer index stocks after CNY to complete the target of 1530 and 1550, hope I am right.....
Ha watch the programmed trades this will keep happening as I suggested! Share price is Nothing to do with business fundamentals….unless insiders know that more write offs ( creative accounting impairment losses!) are coming through next results or perhaps key stakeholders are creating selling to buy back before Taurx news is announced!
Anybody can provide update from Taurx agm? I suspect if anything significant we would have known? Watch out for trade suspension …..due to announcement followed by dumping of share by you know who, all a possibility with this counter.
Soon9913…result out even good ceo and other internal parties sell more shares….good result / bad result makes no difference! Share price movement depends on number of shares sold and bought …more sold share price goes down even if profits increase by 1000%!
@Peaches….Thanks…I already have the update on conference to be held in Portugal….I was referring to update from Taurx AGM….whether they had any specific information on regulatory submission and level of confidence on approval.
By this time the full year results are known internal both at individual business as well as at group level…any disposal of shares may be sign of weak results or below expectations …this can happen as Genting can suddenly out of the blue have significant increase in impairment charges…catching the most seasoned analyst by surprise…not to mention shares being dumped in open market ….the regulators are suppose to keep an eye on all this but they dint as there is cmflcit of interest as abuses makes money from trading. Also the auditors are pretty useless not only here but worldwide…as there is conflict of interest. Many auditor firms have been fined for not picking up simple irregularities…case in point Serba Dinamik…Serba we’re guilty of very archaic fraud …simplest by increasing debtors receivables! I had forewarned on this forum before fraud was discovered. Governance is critically important for listed companies otherwise they must not be listed Simple.
Taurx was supposed to be game changer for the Genting group. Unless .... they know something we are not aware of. Why the price slump or insider dumping vs CI index
Much has been shared by @Riaz1954 tht stock price appreciation is not being influenced by biz performance alone but more importantly, by who’s controlling its movement. Excellent biz performance may not necessarily move a stock price unless its controllers including market makers say so. The rest of us cud only speculate and tht’s all we cud do. Happy speculating 😊.
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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....
Riaz1954
1,350 posts
Posted by Riaz1954 > 2024-02-08 10:39 | Report Abuse
Save…..it is not weak holders …..that is a common explanation, it has been like this for over 7-8 years…weak holders would have gone by now. Programmed trading …I do t want to repeat what I have been saying.
More important I wonder what was said at the Taurx AGM? Any hint as to status of application and general confidence level?