One significant shareholder has been selling. Norway bank, I think. The share buybacks have helped to mitigate. If not the price would be lower now. Have to wait for this bank to finish whatever percentage they want to unload first.
I definitely will buy BJFOOD regardless of the problems with KKR etc. Starbucks is the main attraction. But not in this situation where a significant shareholder is unloading. Don't know whether it will be the whole lot or 'just' to pare down. Either way, it simply giving away at Buyers' price will result in a continuous slide. Until don't-know-what-level.
More prudent to wait and see first. It's okay to miss the lowest price - something which we will never know until after the facts. I hate it when "cheap" gets cheaper. Better to buy at a higher price, but with reasonable confidence the worst is over.
newbie118, hi there, I eneter when 1,60, so now I loss many money as well, however keep for long term lol, no need to sell now wait for dividend, newbie118 I cannot advise you abything VT counter very mad and crazy one , you see bjc from 1.00 can drop to 0.34 so if you no very confidence dont play vt counter, very con one, SO BE CAREFULL ALWAYS
Angielim9955 your arguments doesn't make sense. BJ corp does not drop in 2 days from RM 1 to 34 sen but BJ Food drop from RM 1.60 to 1.27 or 20% in just 2 days.
Angielim9955 why in your postings you own so many stocks? Are they for real? Most of the stocks you own is losing money. Where to find so much money to lose? Again sorry I have to ask.
Volume is huge today when compared to the average - 7.9 million. Will have to wait for the official announcement to Bursa on who the sellers were. Most likely Norge again. Just wondering why they are disposing on the open market, and not do a private placement. They might have gotten a better price.
Let's see how things go next week. If Norge is selling all 19 million units, there's another 11 million to go.
Announcement made but Norges disposed only 29K albeit on 17/8 compare to huge shares buy back today. Who play this counter down? Ids' in i3 the culprit?
Posted by Mat Cendana > Aug 19, 2016 06:42 PM | Report Abuse Volume is huge today when compared to the average - 7.9 million. Will have to wait for the official announcement to Bursa on who the sellers were. Most likely Norge again. Just wondering why they are disposing on the open market, and not do a private placement. They might have gotten a better price.
Let's see how things go next week. If Norge is selling all 19 million units, there's another 11 million to go.
Angielim, 1.60 wasn't a sucker's price based on the historical average. Especially over the past couple of years. It's just unfortunate when a significant shareholder decides to dump.
By the way, the original shareholders are still in the plus even at this level. BJFOOD was less than 1.00 several years ago. It then started to go up and up.
The drop is unfortunate for those who had bought at a higher price. But that's how it is in the stock market. Right now it is becoming ever more attractive, and I know many people are eyeing it. The counter will find its new level soon enough.
Mat Cendana, hi there seem you knew me , I like your comment as well, you are right after I bought in bjfood the very next day go to holland, now two days ago bjfood got SBB max 1.60, so this is a unfortiunate
I think now is good time to accumulate the share. I've accumulated 3 times this noon starting from 2:30/3:30/4:30. Hope it will bounce back next week as there is no negative news for this counter...
Bought this red chilli stock at 1.99. Luckily stop loss @ 1.83 . Conclusion is berjaya stock better dun touch. Naik sikit drop a lot. If u want play technical rebound . I have no comment. If u want play long term. I dun think so. Unless berjaya bought over MCD master franchise lol
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Richest
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Posted by Richest > 2016-08-03 17:04 | Report Abuse
Target RM1.10