Previous year, it was so hard to break 1.00 level as its price in rangebound position 90-99 but when the price pass 1.00 level the price soar drastically and touch 1.85 level. I think its price will soar yo rm 2.00 soon due to its better financial result and the project that have been awarded to this company.
Support line seen at1.70 and resistance at1.73. The good financial result and got some projects worth approximately rm 3 billion is the best stock to invest. If the price maintain at 0.73,the next level is. 1.75 to 1.80 and above. Please alert.
although the rationale given for the private placement is a standard textbook one, we trust management would fulfill their role of boosting the company's performance and ultimately its share, as it should be.
Placing a part of the shares to a specific investor. Maybe placed to any parties though.
If to creditors, then it is a bad thing because the company is unable to give back the debts, so instead the pay back their shares. However, I doubt this is the case because the company is doing very well and has a lot of cash in hand.
If to fund managers/other, then it supposed to be pretty good.
It could form side trap if it reverses tomorrow! (I might be wrong) Is there anyone who knows charting agree with me?
and miketyu, I saw something similar with ntpm (had been monitoring this counter more than a month), previously there had been 400k selling queue at 0.84 until it was removed yesterday.
I would avoid this counter for now until the placement is over ... the recent circular stated that placement will be at a 10% discount to VWAP price and e.g. at RM1.73, placement place will be at RM1.56.
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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....
derrickinvestor
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Posted by derrickinvestor > 2014-02-26 12:12 | Report Abuse
whoa euscilyn promo LBS kaw kaw....... hehehehe