see today announcement... see any share buy back from Magnum? see any director increase their shareholding? if yes... the company will rebound by tomorrow
i once own Magnum....i sold two weeks ago and switch to CAB....earn back all losses from Magnum....if you want to earn back....you should cut loss in this counter and move to growth stock like CAB....right now it is close to RM3...it propose to give free bonus share....split share 1st....it will fly...:)
can't under why magnum do this. as we knew magnum last two qr made a very good profit but still give 3 sen divi only. this time still net profit but langsung no zero dividend. what magnum do i also quite dizzy. at least give 2 sen or 2.5 sen .
To be safe, go in the market after this share price gone below its NTA. The earnings cannot recover soon. If were to buy, prepare to lock the capital for 2-3 years before seeing gain like 40-50%?
Magnum is largest in my portfolio and avg price is 2.33. Should I average down or cut loss. Depends on is it overreact or deterioration in fundamental. What do u think guys? I think both lolll
Yoon, magnum facing income tax issue and also reported lower earning furthermore no dividend payout which this 3 -ve caused big sold of shares that price dipped, MACD now below 0. Could be chances to enter at low point, but for mid-long term as Magnum still good lottery company
Yoon, do not average down on sunset stock....cut loss, switch the fund to CAB...you will earn back...it can go up to 3.30 from 3 in short time, in long term, can go to RM4.
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....
armadasaxon
883 posts
Posted by armadasaxon > 2017-05-22 15:09 | Report Abuse
cry la me..sit at 2.45..no 3 sen dividend..drop 30sen pulak..die me