@calvintaneng mr calvin why you no see Zelan again Zelan from lowest up to now near 400% better than you said asiapc can up 200% and Zelan up very fast and furious ?
Look at the volume today, i predict there will be another round of up trend for AsianPac. I just bought in again today after profit taking last week, to see how far it can go this round. Logically, major shareholders may not want to miss this uptrend opportunity also while it is still HOT. This is not a BUY CALL.
there is no such thing as con counter, you can make money or lose money in any counter, as long as there is any price movement. the only problem is only you cannot predict the movement, not that the counter is a con
Con counter means they will hv some fake movement to trap retailers. Con company means company which doesn't want to share it's grow with the shareholders. Some companies hv a very solid fundamental figures, but because of the selfines of the management, no funds would like to invest in it.
@rocket, no movement is fake, what if you bought at 0.11 and sold at 0.17? you still call it a fake? it is a movement nevertheless. there is no promise that the price will go beyond 0.17, everything is mind game and investors' own prediction or speculations. so which part is fake?
Sincerestock, I'm talking about the intention n reasons behind the movement. Every movement hv winner n looser, if the movement due to its true fundermntal factors I won't call it fake. But if the movement due to a group of cash rich syndicate, taking advantage of certain topics, buy low n creative the momentum to lure thoes newbies to catch at high, I called it fake move.
buy low sell high <<< this is the only thing everyone in the market trying to do
but when operators / major shareholders / group of people who are good at mind manipulation did it, we call them con artist / syndicate? when they just did what you are trying to do?
we need to be sensible, mind game is part of the game. there is only so much we can do as retail investors, that is be patient and hold tight until the price reach your tp (set tp according to what you think it is fair value of this company)
the only other situation you should sell your share is when there is drastic change in the fundamental of the company, definitely not when everyone else are selling panicly, or when certain cash rich syndicate are trying to manipulate, as you mentioned.
Sincerestock, thank you for your advice. I started collecting Asiapac when Imago Mall is under construction. And I do consider the land value which Calvin mentioned until today. As I mentioned, I'm love to see it move but definitely not because of the current movement which related to ECRL. The sudden spike of the volume is highly suspicious and don't think is suitable for newbies.
@rocket me too don't like the rollercoaster movement, main reason because I am unable to predict the peak, I have just hold through along the way until now (with clam mind), but hey~ the good thing is it is no longer 0.11 now, so far it is stablizing at 0.14 ^_^
as for newbies, I don't actually agree o differentiate investors as newbie or pro, all of us just need to have correct mind set and take full responsibilities of our own decision in the market, as I believe only adults are here ^_^
It is time to discuss this ICUL here. This ICUL gives 3% interest and to be converted to ordinary shares with the ratio 1 to 10. Once converted. the cost of the ordinary share Is RM 0.10 per share which may explain why the recent share prices movement are between RM 0.10 to RM 0.20.
the 1 to 10 thing is last time when this loan stock released, existing holders can subscribes 1 ICUL with every 10 ordinary shares. however 1 ICUL can only be converted to 5 ordinary shares. hope this makes no confusion.
the share price is still below the conversion price of this ICUL, even during the recent peak of RM0.17.
however, do also note that the existing of this loan stock diluted the ordinary shares by 5/(10+5) x 100% = 33%
the 1 to 10 thing is last time when this loan stock released, existing holders can subscribes 1 ICUL with every 10 ordinary shares. however 1 ICUL can only be converted to 5 ordinary shares. hope this makes no confusion.
the share price is still below the conversion price of this ICUL, even during the recent peak of RM0.17.
however, do also note that the existing of this loan stock diluted the ordinary shares by 5/(10+5) x 100% = 33%
another thing for thought about this ICUL conversion thing, major shareholders (insiders) are converting their ICUL to ordinary shares from time to time with the exercise price of RM0.20, they can easily get same amount of ordinary shares through the market at much cheaper price (even at peak RM0.17). what does this mean? at the same time by converting their ICUL prematurely (before expire date), they are also giving up the anual 3% interest
I hope everyone can get the IMPORTANT hidden messages from here.
Thank SincereStock for giving the right info. I just overlooked as I am new to this counter.
Another thing I didn't get it is that since the market price of Asiapac now is below RM0.20 (RM 0.14 precisely), Isn't the original subscriber of the the ICULS who subscribed at RM 1 (One convert to 5 ordinary shares, i.e. cost of ordinary share = RM 1/5 =RM 0.20 per share) will lose as the market price of the ordinary share is RM 0.14?
Assuming one ICULS price now is RM 0.75. If one buy in this ICULS, then he can convert this one ICULS to 5 ordinary shares, the cost of this one ordinary share is RM 0.75/5= RM 0.15 per ordinary share. If he doesn't want to convert this ICULS, he (who bought at RM 0.75 per ICULS) will enjoy 3/750= 4% interest. Am I right? If it is correct, then buy in ICULS now is also not bad idea.
the amount of tourists or malls patrons is just to ensure full tenancy of the mall and it's parking lots (which currently has already very well achieved). there is no need to overload the mall with billion of patrons.
Since the current market share price for the ordinary shares is below RM0.20, the main shareholders is making a loss here (hold about 64% of ICULS). Therefore, it will be a wise move to buy in as the cost of your investment is below the main shareholder (for this ICULS subcription).
The ICULS is entitled to 3% interest rate p.a. which is roughly equal to monthly fixed interest rate but it is unsecured loan which mean the par value RM 1 pf ICULS will not be guaranteed. The question is why the main shareholder willing to loan the company and facing the risk of the ICULS value going down instead of just putting in the bank as a fixed deposit..?
from what I see, it is simply because the company's ordinary share worth way beyond RM0.20, refer to assets the company owns, or simply the NTA.
they introduced the ICULS just so that they can subscribes more ordinary shares of the company at the price of RM0.20 (with 3% annual interest), at the same time also funding the company for future projects.
when some retailers will choose not to subscribes to the ICULS, this will lead to increase in the % stacks of major shareholders in this company (by assuming all of them will fully subscribe the ICULS)
further more, by pushing down the price below rm0.20, at current state, they can buy back even more shares of the company from the retailers at even cheaper price. I suppose this is what major share holders trying to do.
but by doing so, this also open up chance for cash rich 3rd party to get involves and collect significant % of the company shares. look at the recent volume traded, roughly 15% of the company shares is traded in recent weeks. who is the major buyer or buyers?
So it is critical to buy below RM0.20. RM0.20 and below will consider to be quite safe unless the co goes liquidated (though it is quite unlikely as they have retained earning of RM 700 million and the co is profitable every quarter).
@Nepo indeed, if I had the money I will collect as much as possible ordinary shares of the company at below RM0.20, or even below RM0.25. I wonder why there is still no cash rich third party or company trying to take over this company at current price.
take over the company > sell the company assets > special dividend = quick money
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 9830 views | 8 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
陳彥霆
937 posts
Posted by 陳彥霆 > 2019-04-22 09:34 | Report Abuse
gg i trapped at 15.5c