Koon owns quite a lot of canone since 2 to 3 years ago...at first i think he tried to push for bonus/split/free wa,however it didnt happen as boss may not buy into all this...now price drops to rm3+ now...i think as long as koon is still around we may not see much price movement in canone
You may refer Mr. Koon Yew Yin's blog, he is quite optimistic in this stock. He show a graph on this. In fact, the result is very good, but the volume is not as hot as others (to my surprise). I bought at 1.40 last week and sold at 1.47 this week because i need cash. Otherwise i may still hold. I am also new here.
Koon started to dispose canone....he bought a lot since 3 years ago n try to makan lunch with boss for corporate games but boss no diu him...just like latitude...
This is oldman's cari makan formula.. Acquired a large stake of co shares n then proposed to boss for corporate games...anyway sometimes work sometimes dont work...
I dont think canone is con stock...just that boss is also very kwailan person....he doesnt buy oldman's idea...oldman also sien waiting for so long with little div...cant ever service his margin interest....
Fyi oldman bought mcfb many years ago aiming for their power plant project...however it was a painful waiting n oldman has not much patience (oldman 80+ oredi...) n he surrendered after a few years then...anyway we only see the stock moves up last 2 years
lolz..Sometimes when Oldman selldown liao, it is really a great time to buy into.. I make a handsome profit on MFCB warrant over the course of 1-3 months...you need to know how to play his game :D
Actually most likely..hahhaa...14mils (7%)share to go for Uncle.. hahahahhaa..I am going to park all the way down there to get some windfall angpau from Uncle Koon..
Don't be harsh on Mr Koon, Fundamentally he is not wrong Canone is undervalued, but in my opinion DUFU is also undervalued & has a much better B/sheet Remember that Value investors invest based on sound principles and not on trying to predict market irrationality
came bec from canone AGM , all datas seems good n prospect looks good... mr koon gave a good suggestion to the board of directors to push up the price.. give warrant... let's hope for the best...
or maybe mr koon shud team up with few investors n take over this company n sell off kian joo n fnb one by one n return the proceeds to all investors...
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....
sayyouloveme
291 posts
Posted by sayyouloveme > 2017-03-01 09:40 | Report Abuse
im confident on canone.