Setapak is located in the midst of tourist spots such as then ational Zoo with our darling pandas and other well trained animals and birds for tourist attraction and others such as Batu caves,Hot springs and the on coming Century Fox in Genteng.Also we have the big shopping malls,Tar colleges,universities and hospitals and near klcc.In addition the influx of immigrants from foreign nations and other states will definitely contribute to high growth and eventually make it a vibrant city.Thus making the whole buiiding valuable as it can easily make it into a serviced apartments catering the tourist or business community. Note:That building was built by Bina Puri but whether it owns it or not I am not sure as I have not checked on it. I am helping to sell some apartments in Setapak and Wangsa Maju.
good forlong term...and the current play could be private placement pricing game just like mrcb few months ago @rm1.09 taken by mohd salim and rm1.13 taken by bank rakyat...gadang few years back @rm1.62 taken by kwap...and of couse eventually all move to at least 2x the pp price...so for mrcb pp fully done recently n potentially otw to around rm2.10... ...good luck all...
this just base on gadang n others performance n the whole bull cycle which some say the current one potentially going for 2 years???..of course no body knows...
As told yesterday, after exceeded volume 4M, the following few days will retrace drastically.. per past few repeated data, will drop ~7 ct.. maybe back to 43ct before found support
Now stale bulls of October 2015 at 49 cts have all been cleared for good!
The base of 49 cts is the new platform. From here we expect Bpuri to shoot past 50 cts again and move to next resistance of 80 cts. After that Rm1.00 in the First Target.
So all must hold tight and stay strong.
From Sept 15th 2016 to now there were a sum total of 42 million shares traded out of 256 million enlarged paid up capital after ESOS (3.2 mil) and Private placement (21 mil).
So just 16% of Bpuri shares were traded within this short period.
And price rose from 39 cts on Sept 15th to now at 49.5 cts - Up a nice 26.9%
This shows that No Substantial Shareholders are disposing as their cost of purchase is from 50 cts to above Rm1.50
The stale bulls who disposed this past month will look back with regret after Bpuri crosses Rm1.00
....based on current few qtrly reports look like low perfomance company wth just around 3% profit vs turnover and at pe40+...wthout considering the nav it could be over price
"YES BPURI PRECIOUS SHARES ARE NOW PASSING FROM WEAK HOLDERS TO STRONG HANDS"
In other words.. calvin is leaving.. pity the people stucked here. But its ok calvin.. you made the right choice.. especially when sellers 4x buyers. Good job !!
In TheEdge today: "However, it was highlighted as a “red flag” stock by our proprietary algorithm, suggesting that investors should exercise extra caution while trading in its shares."
i really hope bina puri doenst drop like crap...if it really does, then calvin will have to answer for his liar antics in trapping so many souls....this the worst thing that ppl can do to other ppl....
Bpuri is now in bull rest phase. So the best time to buy on weakness. If Insiders exercise ESOS at 50 cts and private placement holders willing to take up at 50 cts what do you THINK THEIR EXPECTED PRICE FOR BPURI WILL BE?
Are they willing to take profit at Rm1.00?
If not why not park money in Bank FD or find other better investments.
Moreover, they might have taken bank loans to take up all these 24.2 million bpuri shares. What is their borrowing cost? 7% or 10% interest per annum?
How long do they intent to hold?
Knowing all these facts don't you think now is a great opportunity to buy cheaper than their entry price of 50 cts.
BPURI gap up from 0.44 on 18 Oct...and went as high as 0.51. It is natural that there will be pull back due to profit taking from the quick run up of the price.
Btw it is not fair to blame on anybody for the decision you made to invest in any particular stocks. Investors must take full responsibility for their own decisions to invest/taking the risks and of course the return as well.
I told people to invest longer term. Not to contra or day trade.
Of course I bought into Bpuri and looking forward to see it reach Rm1.00
Now if you know how Drukenmiller invest he said you should buy a stock and hold for 18 months.
See
I told people to buy Kimlun the Golden Dragon at Rm1.28. After 18 months Kimlun rose to Rm2.14(up 67%)
I also told people to buy Jaks at 40 cts. And after 18 months Jaks jumped to over Rm1.20(up a whopping 200%)
You can go to both Kimlun and Jaks forums and scroll backward in time to see all my postings there.
Now I forcasted that CPO will reach Rm6,000 a tonne and many ridiculed me. But I told them it will be year 2017/2018 due to world floods and famine by el nino and la nina phenomenon.
See,
I told people that Mhc plant is a tsunamic shelter and they laughed at me. Same for cepatwawasan.
Today both are among top gainers.
So if you guys are true long term investors then follow Calvin. If you day trade and gamble better stay away.
..just side line until all the haze gone...so far 1. pe40+ 2. with streaming power genaration income still low perfomance 3. currently PP price fixing game 4.talking about rm15bil waterfront for next 10 years not clear who are the end buyer of the project and what sort of local economic activities that will support those mega project
vs ivory which talking about peneng mega development for next 10 years which clearer but still look hazy
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....
VenFx
14,784 posts
Posted by VenFx > 2016-10-20 12:25 | Report Abuse
Koon Bee u did a kind job to warn newbies here,
Lets check on Hibiscus .THE BIG TURN AROUND start getting attention.