No mention of who exactly the " white Knight " is . It could be their own fantasy of white Knight in the white Xmas...... Honey moon is over now and reality is setting in.....
Apparently ,the white Knight is said to be a "financial rogue " in exile overseas with a company having only share capital of rm 600 equivalent. He is Mr.R
It is believed that the reaction of the market is pretty slow is due to the slow assimilation of news as many are still on holiday currently ,which provides a" buffer zone" for those who can still take their own sweet time to exit. However , this buffer zone is expected to be shut off very soon...
Buying a speculative counter comes with high volatility. Outsiders in no position to judge the price. For me this counter provides trading opportunity but definitely not for investment. Hope my opinion enlighten everyone.
The chinese publication on 30/12/23 mentioning Serendib capital as a potential "white knight" is highly misleading . It is reported that there are no other officers of Serendib Capital Ltd (UK) and no stated assets. Its registered premises are a serviced offices facility in Mayfair. It is reported that the directors in Serendib Capital Ltd are fishy. The proposed deal by white Knight is purportedly believed to be highly dodging .
Only three persons appointed to the board is not convincing. There isn't any financial statement for Serendib can be referred to. The source of the RM250 million injection of fund into scable is very doubtable.
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....
Silentreader88
875 posts
Posted by Silentreader88 > 2023-12-29 11:26 | Report Abuse
It was sky high, no one forced you to still enter yesterday.