I like to buy this shares for keep for a years or 2 or more My belief is one day the price of steel will up and at the time If kinsteel is still there(not bankrupt) then i will make few times profit. But my confident is not enough Anybody give suggession¡
Its not about syndicate or High Frequency Traders etc etc..its just a basic common sense..a certain stocks when it reach its bottom..It will naturally going up. Whats comes up will comes down..what comes down will comes up...
If the company is that good, why should major owners/banks holding their shares want to dump their shares as they are in the best position to know their worth? Small retail buyers are not. Simple logic. It has massive debts and is linked to another hugely indebted Perwaja and both on massive operational losses, good luck to u.
since the retailer will not be the one who purchase the share during the disposal via open market from the banker/owner.. then can u let me know whose are the one purchase the disposal share? u can check back what price this owner/bank buying price before n why they want to sell cheap currently? its all between them.
If I were the director. I know some good news in a future then I will dispose targeted script to other party then help me push back the price. any profit from it we will have a profit sharing. if I dont sell then operator wont get enough script to operate it. anyway the choice is yours. good luck
There is a series of forced selling (margin call) by RHB Trustee on shares of major owner. What does it tell u? Please read the earlier Bursa announcement on their proposed debt restructuring agreement and massive 75% capital reduction. Just be cautious, friends.
Azizanosk, ya it looks now very likely the buying and selling is between them. When happen to the shares bought if company has no good news, and, instead face drastic action by their secured creditors? Please advise.
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....
Steve Pui Kim Ming
45 posts
Posted by Steve Pui Kim Ming > 2015-10-10 15:40 | Report Abuse
I like to buy this shares for keep for a years or 2 or more
My belief is one day the price of steel will up and at the time
If kinsteel is still there(not bankrupt) then i will make few times profit.
But my confident is not enough
Anybody give suggession¡