If moratorium period applies then who have so many shares i.e. 100 million shares to dump from RM 1.13 to RM 1.11. No intraday short selling allowed some more.
Leong Hup last time shares also not performing well and Lau family privatized at about less than 10 times PE( if not mistaken as too long already). Now come back this IPO and priced PE 20 times....Who is clever and who is stupid?
Must be very desperate for money to sell at IPO price @ RM 1.10. Other company's major shareholders would have provided support instead of cashing out.
ESOS need to be regularize....some directors benefit the most from ESOS by using ESOS...look at PHB and Tiger...wait annual report then you know larh...hehe
Bursa and SC should abolish this stabilizing action and let shares to drop to its fair value rather than artificial supporting. Look at Uber IPO, shares dropped during IPO day...
Posted by spider68 > May 16, 2019 3:10 PM | Report Abuse
Must be very desperate for money to sell at IPO price @ RM 1.10. Other company's major shareholders would have provided support instead of cashing out.
Those who got a big slice sold off because the share price did not perform. They sold n got back their capital while the stabilizing manager is still around. Everything is a gamble. When I attended a workshop on futures trading, the pro advise us to sell first ask later if the promising technical signals did not perform. Same with shares.
Reminds me of Multi Sports Holdings Sdn. Bhd. IPO where it enabled a pre-IPO investor (Hong Leong group of companies) to cash out by dumping shares below IPO price. IPO price @ RM 0.85. Today @ RM 0.01 also people don't want to buy. A lot of minority IPO shareholders got burnt leaving only ashes.
more IPO coming market down more.instead of using the money to support the current market,they wanna list more new stocks to replace the old ones.this bursa is useless
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
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 2909 views | 2 d ago
0:17
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....
Greatleaper
38 posts
Posted by Greatleaper > 2019-05-16 10:15 | Report Abuse
Yes, boss selling their shares for money