Some activities last week. Follow buy at 5 sen last week. Look like the operators is pressing down from 5.5 to 4.5 to buy in at 5sen. Volume will pick up this week ..(I hope). I will try to accumulate to 2,000,000 shares. Wish me luck !
Compugates is one of the most expensive companies listed in KLSE. It is making LOSSES every year and still having a market cap of RM106 million. The initial PAR value of the stock was RM1. The directors are smart enough to undertake a stock split of 1 to 10, thus reducing the PAR value to 10 sens. Imagine if they did not do the stock split, the counter is trading at 50 sens (at the current price of 5 sens). Do you think the stock is cheap at 50 sens. There's no way the stock can hold at 50 sens for a continuously loss making company ..... but bcos of the stock split, retailers think that 5 sens is cheap. Smart move by the owner Goh K.P.
HEY it means if you can save that RM 3,000,000 expenses and be a bit more wise in admin expenses you can actually made a profit for year 2013, right ? Mr. Boss?
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....
angangang
27 posts
Posted by angangang > 2014-04-09 10:34 | Report Abuse
Why drop...