Just conservatively calculate 3% for holding more than 50million worth of shares, of course chinapek will have some kind of director fee n... to cushion the holding cost.
just got myself 2000 shares @. 648sen, queing again @63sen, just see how low it can go. NOT HOW HIGH it can go. HAHA that got to wait another 2 months for NEW HIGH.
I m just a FULLTIME n. small investor 1000 or 500 shares at a time. just like playing RM10 colour chip at the genting table with. RM10k. in yr pocket, WIN LITTLE with BIG MONEY. just to remind investor never try to win BIG with small money.
From a 75 million capitalization to below RM65 million cap if quote is 0.63sen ,HAHA the boss n. company lost over RM10 million in a week as for me a few hundred dollars paper loss n. by closing if i manage to ge 500 shares at 0.62sen the boss incur another paper loss of a million.
The big boss wouldn't be selling 1lot at 63sen n then buying 1 lot at 67sen at the closing. Some side kicks must be doing it since the free float is so tight below 70sen. The side kick will not be able to execute this kind of stunt if share price is above 80sen. That's wjy cannot play contra with this company n also cannot but alot of this share at one go, spread out n buy slowly if cannot buy at a desired low price, forget it n. wait like me. Tomorrow will go for 60sen, 5% discount from today low of 63sen.Forget about the FALSE CLOSING PRICE. HAHA
If the price of OCB shares go down to 50sen today the fundamental of this company still remain the same like KINGKOIL and FOOD business still doing well unlike those speculative counter like DATA PREP etc. just buy n keep it if can go down below 60sen where the land n buildings assets are still there.
Cannot go up because some investors bought around 68sen and also cannot let the share price fall too low since dropping from high of 79sen from a week ago. Maybe TOO FAST going down to have a meaningful catch.
How can TGL n IPMUDA company share price win over OCB share price, really AMUSING n fascinating. Just look at this 2 company business venture is nothing near to OCB.
Yesterday there is 2 limit up n this 2 counters TRANOCEAN n IPMUDA shares price is below OCB a few months ago.HOLDERS of OCB shares must have patience, INSIDER shareholders are trying to FRUSTRATE minority to sell, that's their strategy. If already BOUGHT hold on to it if not DON'T BUY THIS FRUSTRATING COUNTER unless you r willing to FRUSTRATE the insider by not selling it to them. Won't be that long OCB share price NEED to adjust to TODAY MARKET ENVIRONMENT or else small investors will keep on accumulating 2 or 3 thousand shares every week. Just like yesterday i bought 1000 SKB shares for 85 sen -. should not be a problem to go to RM1
Hopefully can get 1500 ocb shares @ 0.615 sen tomorrow ploughing all my contra gain to buy this shares. Contra gain from HLT n SKB will use to park my money for long term holding.
Good company share price also cannot go up if NO INSIDER buying or company execute BUY BACK to instill confident just like the newly appointed CEO JALIL of BJ CORP buying the company own share to show his confidence in the company he is helming.
Purposely left 1 lot @0.68sen before closing to sell at 0 655 sen, ALLA pls don't joke with the share and the only way for OCB is up or stay above 60sen. It is trap here or push to another level at 70 - 80sen.To go limit up is just a dream but it is still possible but inside will kecut if KLSE query it.
At below RM1 par value - NOTHING GREAT to shout about compare to those PENANG based former 2ND boarder HIGH FLYER like TGL, SKB.. even OCB competitor - the loss making IPMUDA, is well above RM1 HAHA only making some price adjustments today.
Hospital don't use kingkoil mattresses n bed, u must be joking i think this bloke hasn't see a hospital AUTO HYDRAULIC BED before. LKL maybe can get the bed order la.
Anyway this is a decent counter to buy for the UPSIDE with minimum DOWNSIDE but the share price is abit UNCONVINCING. Same OLD boss as CAN ONE just a matter of where he want the price to be. I think FREE FLOAT is less than 5%, after considering insider KAWAN KAWAN and saudara are holding a BIG CHUNK.
Honestly i don't believe this CONSERVATIVE CHINESE ESTABLISHED company only worth 70 to 80sen. RM1.00 is a more reasonable price, simething like PAR VALUE not a JUNK COMPANY price.
Those who bought it just now, hold on to it and wait for JUNIOR YEOH at IBU FOOD spin off the food division to reward OCB faithful shareholders but MUST WAIT.
Just show my support and bought 1000 OCB shares for RM775.,either it fall right back to 67sen or break RM1.00 since the company is seen to be growing SLOWLY (AT least the ASSETS @ old valuation) and the share price does not reflect it. UP n DOWN depend on UNCLE YEOH mood.
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....
lassy
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Posted by lassy > 2021-04-16 18:14 | Report Abuse
Just conservatively calculate 3% for holding more than 50million worth of shares, of course chinapek will have some kind of director fee n...
to cushion the holding cost.