dont buy at crazy prices, 85cents is not crazy price, is just some high net worth or syndicates massive throw down to press the price back, dont worry, in a long run, this company will be much more valuable than now
MEGB-Unusual Market Activity ("UMA") query by Bursa Securities MASTERSKILL EDUCATION GROUP BERHAD
LISTING'S CIRCULAR NO. L/Q : 71963 OF 2014Bursa Malaysia Securities Berhad has on 24 November 2014 issued an UMA query on the rise in price and volume of MEGB’s securities. In this respect, investors are advised to take note of the Company’s reply to the above UMA query which will be posted at Bursa Malaysia’s website under the company announcements, http://announcements.bursamalaysia.com when making their investment decision.
The contents of the UMA query is as follows:-
We draw your attention to the rise in price and volume of your Company’s shares recently.
In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of Listing Requirements :-
1. Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decision; 2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR; 3. Whether you are aware of any other possible explanation to account for the trading activity; and 4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa Securities LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK. Announcement Info Company Name MASTERSKILL EDUCATION GROUP BERHAD Stock Name MEGB Date Announced 24 Nov 2014 Category Listing Circular Reference No NM-141124-59989
Thanks Alpha Trader for the solid recommendation. I have already realized my profit. MEGB will be a great stock to own in the future. Its asset light model will be able to deliver good dividends in the future besides giving future capital appreciation. The financial restructuring is already a done deal and the market price had already factored this. So I rather realized the profit now.
However there will be significant strategic cum operational tasks ahead albeit nitty gritty task in restructuring the organization, recruiting competent teaching personnel and attracting quality students , rebranding, re-marketing, turning the operations around. It will need at least 1 to 1.5 years before it realizes operational profits from its core biz. Moreover, one can always buy the winning horse after its has won the first race!!
this counter is only good for intraday trading...in any short term...not recommended unless u planned to keep long long term..congrats to those who earn...those who are trapped...goodluck!
"Alpha Trader huge buying queue despite UMA, so good wash for all the contra kakis that have made from alpha call, now stage 2 ride up back tomorrow to 80cents
tommorow must up....to.0.83.........bcos...so many people trap in 0.83above......they sure crazy addd stake for lower down their cost...and run....therefore...today who grab below 0.76 is the winner for tommorow
operators just killed some of the traders today, and may start collecting back tomorrow or when the price is around 70-72 again, watchout for these levels, if hit just start buying, according to cimb, megb is net cash 64cents, even much higher than my estimates!
Market analysts hasn't really look into MEGB yet. When they do and judging from the position catalysts, the report is likely in the positive and will spur the stock price to its target price. Take the hints from SMRT and GHLSYS.
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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....
SimonSezs
886 posts
Posted by SimonSezs > 2014-11-24 16:44 | Report Abuse
this is insane