price would up provided the fund manager decides to pump in..when the time is right..this is the way they make money..fluctuated is normal..dont play contra..99% contra players end up with loses,
(ii) Proposed renounceable rights issue of 604,196,022 new ordinary shares of RM0.10 each in KTB (“Rights Share(s)”) on the basis of three (3) Rights Shares for every two (2) ordinary shares of RM0.10 each in KTB held on an entitlement date to be determined later after the completion of the Proposed Capital Reduction (“Proposed Rights Issue”)
RI cost only RM0.10....study carefully...the current price will go up or down?
25% dropped from the last peak.the gap could be our profit or loses..it is profit if we buy at 435 and loses incur when we bot at at peak..expect 7 days as grace period to commence rebound from last peak that should be expiring tomorrow.i hv been wtching the lowest price being pegged at 430
sumatec being controlled by one man.this is the diffrent..once money already siphone off,they chow la for other investment ie KTB hehehe..enjoy the day
this counter also controlled by one man....75% of the total shares...dont u know that? i think he already got back the extra money he paid to Affin...from rm0.55 previously to rm 0.44 now...
wa sudah beli banyak pada harga 0.43....die liao both of us...wa untung dari nishin 1 sekarang semua throw in KTB.....NOW CHINESE SAID TUNG KUA SUE.....
PETALING JAYA: In a move that came as a surprise, Tan Sri Mohd Nadzmi Mohd Salleh strengthened his hold on bus operator Konsortium Transnasional Bhd (KTB) by acquiring a further 15% in the company.
This will increase his stake to almost 75% in KTB, the maximum that he can acquire without having to trigger a mandatory general offer.
In an announcement yesterday, KTB said Nadicorp Holdings Sdn Bhd acquired 64 million shares (or 15.89%) in the company from Affin Investment Bank at 62.5 sen each for RM40mil.
The off-market deal is worth more than double KTB’s closing share price of 30.5 sen on Monday.
With the off-market trade, his stake is increased to 75%. In order words, he's got 59% stake (more than 230mil shares) he must have bought/owned at maybe 15-20sen. His average is still much less than even 30sen, perhaps. These people are big, they can higher spin doctor to move the price up or down as they wish, all :)
if I owned 75% of the total shares, I could simply move it from left hand to right hand. Either way, I would win. It the others (25%) are lucky, right time right place, can ride the waves. Otherwise, you got burned. Sorry, that's life in Malaysia stock market...
Sumatec is a nightmare to me ... I loss till almost bankrupt from that counter... Lol .. Hope this counter won't repeat the history ... Good to hv faith with it :)
tukobabi, i same wf u coz sumatec i lost a lot, i stll got 1500 lot @0.550 i pray hard, pls rebound back, if not i really bankrupt, i hopefullly tis ktb wont lah... coz i also got 1500 lot at @0.545... sigh~~~ both of this counter make me no money in bank alreay... wahahah
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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....
char1234
5,299 posts
Posted by char1234 > 2014-09-23 23:32 | Report Abuse
Anything below 52 u win