1 very good subsidiary reporting, 1 not good n. 1 neutral.For the start IBUMEE n food ingredients subsidiary should be doing very well during this ABNORMAL period, the other subsidiary r bedding n contruction materials retailing. should move to around RM1 share price next month
The share price cannot stay too long withoit going up abit. Small investor will bottom fish OCB shares for a few lots n keep it for the price to rise defeating the MAJOR shareholders of collecting at a depressed price.Small investor is not like speculators n will keep for sometime since the amount involve is rather small compare to it NTA n market cap.
just compare a small investor holding a few thousand ringgit n the major shareholders holding million ringgit for 1 or 2 years and in the long run the more u hold the more u lose at a depress price n listed company has to pay alot of money for it listing status at the KLSE.
The share display on the sell block is from insider but they doesn't want to arose the up momentum yet. I think they want to take advantage of the reporting quarter next month. OMG they have stuck below 50sens far too long without benefitting from it.I am also happy to get a few lots below 40sen n i believe whoever wanted to sell have already sold it. Honestly if i have sell sell to them at 50sen today what can that few thousand ringgit get me.Don't mind waiting for another year most bosses in OCB r already OLD
Aiyah, OCB small fry in contruction, look at NST news, other already completed GRADE 1 logistic warehousing in Ampang n. going to start one very big BILLION ringgit hub in n around PORT KLANG, both by a unknown investor name AREA corp. Today i just put up 5, 5, n 3 lot to buy, SEE can do this n. do that here at a drastically low price who going to sell anyway n going to do with 430 ringgit, LOL
After taking some profit from the high flying glove n vacine related counter, time to bottom fish this type of counter like OCB, cannot get lower unless MARKET COLLAPSE and even it do happen only insider try to push it down because NOBODY will want to buy this type of counter except those following it.
Who want to collect the 100,000 shares @50sen n who want to buy that much knowing u cannot predict the movement of the shares at all and has NO THEME to play at all. ALL INSIDER buy n sell at BIG LOTS, investor only throw 2 or 3 thousands and buy for COLD STORAGE keeping.
No point buying the share at 46.5sen if u have already bought, wait for boss to do magic show below 40sen.Today have to pay money for OCB shares bought 2 days ago, how to sell boss 43.5sen at a loss, even 70sen also not bother to take a look, wasting time prefer to keep in cold storage.
At 40sen the market cap is only RM41 million for a company with solid landed asset n money makng manufacturing concern. REALLY CHEAP n only the OLD BOSS want to keep it that low.
This company n KPS has the same business module, quite diversified n both tend to keep their shate price depressed. Once in a while the shares price will shoot up. Incidentally both have one common interest KINGKOIL n ovb is the distributor in Malaysia n. KPS with this old boss is the 100%owner of KINGKOIL INTERNATIONAL for worldwide distribution. NOT a small deal for this killer buy only insider know it true value.
Nobody has that kind of 100,000 shares to sell to the buyer at 40sen without a LOSS if have and only insider can and no fund manager is willing to buy 100,000 OCB shares @48 sen without theme play. Will have to wait for the OLD boss to take action FIRST. Maybe a surprise CHRISTMAS present or a CHINESE NEW YEAR angpow.Will keep buying for a drop of 5 sen.
Have more patience than the OLD BOSS, old boss already corner this OCB counter,let some faithful investor profit some contra gain also reluctance, he better go to sleep n let the younger generation take over.
Who is going to sell u at 43sen after so many years, Anwar also can wait why can't the small investor holding a few hundred shares , just wait for the old man go to sleep, No offend to him, he can't bring OCB along.
Today doing the same old tricks, those who want to sell, most probably already sold off so what's left is some minor cacang putik /peanut OCB holding. Those who bought ocb shares this few months r mostly those hold for the longer term, serious speculators /investors will not touch this stricken dull counter so no. point playing games here wasting time n some more brokerage fee n GAIN NOTHING
Only can buy with previously gloves gain contra money, cannot buy with own money but the counter certainly better than alot of counter worth more than RM1 with strong assets n good cash flow in the food division.Half dead US campbell soup also rises back with the food division, cannot see any reason why cannot perform with this quarterly result BUT GOOD RESULTS does not mean that OCB share price will spike.
Just see how the share price react after the results come out. If result bad or good the share price dive below 40sens i don't mind picking up another 5000 shares n. put it under cold storage for another year, this time around i will fight the oldman to his last breath n VERY SURE N CERTAIN i will come out the winner in the long term base on a holding cost of 3% for every RM1k invested.
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3089 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
gnail
343 posts
Posted by gnail > 2015-04-24 11:52 | Report Abuse
yea, hope so, patiently wait and see...