Target price for in short term within 3 months, rebound back to 0.550. it's a good entry price and timing. Assume in the worth scenario, it could drop till 0.450...BUT if u hold it which till it gain back to 0.550. You're making a good profit.
Remember this: BCorp and its subsidiaries include financial services, consumer products and services, motor trading and distribution,food and beverage; property development and so on.... It's hard for this kind of business losing big money but also cant expect VT will push better for this BJCORP financial report because VT is trying to diversifies and make every of his companies go public listed.
Gurus, 高手们, what is your opinion about this facts : VT has bought about 60 million shares fr 24/12 /2013- 3/6/2014, whereas company buy back 93 million shares fr 20/5/2013- 3/6/2014. What is up in his mind, anyone read ?
i not sure why but from my guess as investor and owner point of view. Could be... A investor will buy share which he believes the share price will go up or undervalue. A owner will buy back the share which he want to be more majority share holders and which he also believe the share price is undervalue.
This is really a sohai selling at 0.375. The Bursa trading doesn't work at this way. they're ppl buying at 0.470 and he selling 0.375. this is 0.375 will done selling at 0.470.
If he has millions of share on hand...then he could press down the price. But why a share holder wanna pressing down the price if he owned many share?
It's extremely hard for someone to control the price up or down. One of the lowest cash to do that is publish a breaking news on the company. So the investor or share holder will act based on the news. Positive new will go up, negative news of course go down.
Now the buy demand is strong and queue at 0.470 and below. Hard to press down unless he got many shares to sell.
There no guarantee to an investor that he could manipulative the market and make money from there. So why he want to take that kind of stupid risk. Malaysia cant short the market as well.
Looking back Of Course It was a nice deal. But back in year 2006 it was a different story. When I told one Stock Broker Friend in OSK Johor that I bought BJ Corp at 12.5 cts his face turned green & he was speechless.
So I left him and asked other OSK Johor people. They All (Every One) Condemned VT Conman counter cannot buy.
So I left for JB City to see KN Kenanga Crowd. Here I received even a worse reception. They cursed and swear that VT cheated all their monies.
The same terrible treatment I got every brokerage I visited.
In the end I kept silent.
When BJ Corp crossed 50 cts VT roped in Goldman Sacs from USA to goreng up BJ Corp. The crowd gone wild & everybody turned bullish on BJ Corp & chased it to over RM1.80.
Such is the irrational & madness of the Market. Totally unpredictable.
After 2 years I went back to see KN Kenanga Crowd. I had already sold all BJ Corp at RM1.50 by then.
To my surprise 3 people were happy to see me (1 Botak guy without hair & 2 women). They were all glowing with smile on BJ Corp telling me that VT has won a gaming license. And all the RM500 Millions projected "profit" VT will give to charity.
They also believed that BJ Corp will soon fly to RM2.50 because VT spoke in the Newspapers that BJ Corp is undervalued at over Ringgit. (Strange that VT never said anything when BJ Corp was 9 cts)
I said why you all condemned BJ Corp & VT when I told you to buy at 12.5 cts? Why only buy now at RM1.50?
They said,"Fung cheng pian leow". Translated, "The scenery has changed". The circumstances have changed for the better for BJ Corp now. Cannot buy at 12.5 cts but can buy at RM1.50 because the condition is Now Favourable. Because VT gave assurance & Newspapers also highlighted the impending profit from gaming license.
"Come join us at RM1.50, BJ Corp will soon fly to RM2.50" Let us together "Huat ah & make RM1.00) They all agreed in unison.
I said, "I don't dare to buy at RM1.50 now. Let you guys make that RM1.00" Ha! All three scolded me for chicken out and not joining them in buying BJ Corp at RM1.50.
So I got 2 Scoldings
1) Got scolded for telling them to buy BJ Corp at 12.5 cts 2) Got scolded again for telling them Not to buy BJ Corp at RM1.50
Today, all these three stooges have disappeared from KN Kenanga Johor
last time, most people buy the stock based on news, mouth to mouth, rumor and so on. Today, many people know how to read the financial report, technical chart and buy low and sell high which will not keep forever for retirement.
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....
anson938
1,984 posts
Posted by anson938 > 2014-06-06 15:24 | Report Abuse
0.38