sorry. the announcement came in at later stage. i see their financial result is good even the 2 quarters. maybe this 2 fellows want to quit from AA retire
Capitulation is when investors give up any previous gains in stock prices by selling equities, to get out of the market. Capitulation involves extremely high volume and sharp declines. It also usually involves panic selling. The term is a derived from a military term which refers to surrender.
This maybe happening on AirAsia ! If price trend reverse next week, it then confirms capitulation has happened!
l don’t think there is any announcement on TF and KM disposing their shares, except a statement confirming they have certain shares holdings prior to the 3rd quarter result announcement
What happened today is warrant issuer merchant damp the price down to protect losing a lots when the special dividend declare. This case Tony must take action again those big shark. Tony must show the good 3rd quarter financial result, those big shark always push down the AAGB price when the warrant issue going to expired.
Today just a filing announcement to bursa to show their intention to deal. Becoz the date is close to the quarter report in end of November, it’s a rule.No one know they will acquire more or dispose, until a new announcement report . Today’s sharp drop during closing period of could be not due to their both trading. Could be another possibility that TF and Kamarudin will buy in lump sum next week during close period. Need wait and see first. In July also showed their intention to deal, but no changes of interest(direct holding and indirect holding), as looking at today’s holding percent as of 19oct, still same as 25july , and also same as the share holding percent in annual report 2017. I guess there were no trading done by them in July last time, since no further announcement showing that changes in their interest. AND EPF also keep ACQUIRING the shares since August, you can check the announcement. I do hope the news will mentions they are buying ! Hopefully special dividend declared too. They both will have trading action prior to quarter report. Let’s see
Target price are a tool set up by research house with vested interests towards certain stocks in their holdings to set higher TP price to dupe the ikan bilis into their dens and subsequently set free themselves! You must outsmart and sell first not dupe by the facts to buy in and got trapped .
Is already mentioned in the announcement today that tan sri Anthony and datuk kamarudin dispose their direct interest shareholding during the closed period. This could be restructuring exercise where these 2 guys promoted to other AA group of companies and replace with new team. If this is true then Monday before market opening this share will be be taken up by AA. This company financial is good and cash rich. I wish to take up more on Monday at 2.56 if available but I don't think so. Coming Q result will be even better definitely
Basically, the issue is due to foreigners selling! If you look at AirAsia's bursa announcements, the first half of this year, Jan to Jun, the foreigners reduce holdings of about 178 mil shares! I believe from Jul to now, the selling is still there! Only by Jan, AirAsia will announce the second half shareholdings changes!
My guess is the foreign shareholdings will be near to 35% by end this year! It was about 44% at the beginning of the year. Down to 39% by end Jun!
In contrast, EPF is doing a net buying for 2018 so far!
guys I think with all the back door dealing done by the previous government and right now with the current government going after these unscrupulous $#@#holes, I won't be surprised if AA is involved too. That may be the reason for the share price drop. Just a thought.
At yesterday close, about 7.7 mil shares were transacted at 2.56! Are these the last of shares that the seller wanted to clear? If selling is little or negligible coming week, we can probably assumed a capitulation has happened yesterday!
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Posted by shrobin > 2018-10-19 18:59 | Report Abuse
Sorry! I mean please read carefully and correctly!