That’s why, this morning I topup at RM1.83, their wash is very predictable, supports at RM1.76, 1.71, 1.66, just queue there so if they try to wash, you get cheap tickets, teach them a lesson Kenanga Retailers not dumb, then they will stop washing and we sit rocket
It’s not their fault, is VERY HARD TO WASH a share that has such good fundamentals! Kenanga/Rakuten Trade has been on fire this MCO, retailer volume like crazy especially lately the CNY liquidity rally
^ seems like they hired another fear monger, better one this time... welp, I've already proven myself, if you guys wanna throw then throw, Im glad to collect more
For a counter that has not crossed 1.00 over last 10 yrs, a TP2.00 was considered quite ambitious. Based on recent price levels, one may say 2.00 is too low.
CMSB announced the disposal of 46.6m shares in Kenanga to institutional investors at RM1.85. Hmmm..why would insitutional investors buy at RM1.85 if they don't think there's a potential 30% upside...so are we looking at TP of at least RM2.40?? I am keeping my shares...
Just waiting for dividend announcements.perhaps interim plus special dividends. Wonder what is the story after the 5.8% has been sold out! Shouldn't there be developments thereafter?
I agree @Jrsuccesful. They've been diluting shareholders non stop with esos due to the negative operating cash-flow. But in terms of growth, they have many upcoming projects (Foreign Share Trading & Robo-advisor) I think eventually its growth potential is more than the dilution factor.
Share has been diluted by 4% Per Year for the past 2 years. But its growth potential is about 15% a year. Some times dilution would be helpful in this case
If esos due to negative operating cashflow , prices shouldn't set at 0.575 , should set the price higher , but do you saw any good company non stop esos ? If really negative cash flow , they can have a lot of other options.That my view .
@Jrsuccessful I agree with you actually. They've been ESOS'ing not stop and there's other better options. But well this comes down to how efficient and diligent the board and management is
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....
Australianpharmacist
72 posts
Posted by Australianpharmacist > 2021-02-15 12:08 | Report Abuse
dont just chase high, remember to queue at supports too, this big boy LOVES to pull high then wash people, stay one step ahead of them