Be rational when making investment decisions. Remember that the joint offerors have a MGO @ 60 sen for remaining shares not owned by them. Due diligence is just a formality. This is an Education stock and the business is recession proof come what may. The savvy investors know this and expect a turnaround soon from the incoming guys with strong education hands, reputation and government connection. They are buying ahead to reap the rewards when the market stabilises.
As OnG play will be out of flavour for some time to come, Techs, Construction, Education, among others, will be the new kids on the block that will be in favour from 2015.
Wise men believe in cause and effect, so you decide. Cheers.
For those who are still holding shares, if you are making profit don't end up with smaller profit or even a loss. For those having loss, don't make the loss bigger. Act quick.
seb5 : u most probably be right , but all the keydates deliberately left blurred
1st day counting from =Date Announced 10 Nov 2014 ?
Plus the 15 days extension,30due diligence. 90days lock-up......
making the announcement so flexible ......until THE DAY our foreign fund the EPF FINALLY decided to stop CRASHING DOWN THE KLCI with our shares?......
------------------------------------------------------------------- Type Announcement Subject OTHERS Description Masterskill Education Group Berhad (“MEGB” OR “Company”) - Notice of Request
Announcement Info Company Name MASTERSKILL EDUCATION GROUP BERHAD Stock Name MEGB Date Announced 10 Nov 2014 Category General Announcement Reference No CM-141110-C6F32
1.SMRT said it had submitted a notice of request to MEGB for them and their advisers to conduct a due diligence on the MEGB Group for a period not exceeding 30 days with a further extension of 15 days upon written request.
2.He had also unconditionally undertaken to grant a 90-day lock-up period to SMRT to accept the purchase of his block of shares at 60 sen each.
I think the deal will be extended, today might see the announcement, buy at 60cents same as creador what will you lose? Even smrt do not buy megb, creador and brahmal will be there to turnaround
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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....
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Posted by Jack Freedom > 2014-12-08 12:12 | Report Abuse
run up, run down or run away?