Annjoo GM meeting approved the CEO to do share buy back! Construction is not affected by trade war! ECRL and bandar Malaysia received green light from PH government to continue construction work! JB-Singapore LRT is going to kick start soon! Penang underwater road is going to start soon... Government just approve steel tariff for all imported steels to protect local steel industry!
echo apple168, sharebuyback will kick in, will see when it happens. And we will know what value or undervalued price it would be when share buyback start happening. Mega Projects will contribute profits too. Well if it drops to 80c without share buyback yet, then it means Annjoo itself also think 80c still too pricey (that's why not invoke buyback own shares).
In this case, common sense telling us this company is finished, BUT WILL SEE, talk nonsense too much not helping anyone.
Annjoo has established since 1946! Annjoo been through Second World War, 1970 oil crisis, 1980 debt crisis, 1997 financial crisis, tech bubble crisis and now still producing steel for Malaysia and Singapore! We love annjoo steels, finest and highest quality among all steel producers in Malaysia. Annjoo NTA is 2.45! Current share price is 1.41! Annjoo still doing business as usual with rather stable revenue.
If you have annjoo share, you know that in 3 months time, its profit will 100% increase! Government endorsed foreign steel tariffs and allows ECRL and bandar Malaysia to proceed as planned.
However, annjoo share price is now close to the new year low, and the global market is also weak. It is possible that the stock price will fall another +/-5% and it may start to rebound immediately, what we called technical rebound in anytime... (remember AGM 2019 approved CEO to do unlimited share buy back if CEO deemed appropriate)
1) Will you buy and keep it for another 3 months? Anyway, we know that annjoo will definitely rise up, hopefully stronger and higher than previous glory of 3.5!
2) Wait it drop another 5% to buy? Most of the time, you will not buy as you expect it to drop lower and lower...
3) Buy some now and add more (we called it as premium) if annjoo break up resistance line?
4) Talk non sense and spreading fake news creating panic selling to please yourself, what we called happiness build on ppl suffering...
X investor bought 10,000 shares, a total investment of RM15,000 at Annjoo Share price of RM1.50.
After that, the annjoo stock price fell to RM1.40. Y investor bought 10,000 shares and spent RM14,000.
Few months later, annjoo share price, up to RM3.00. Both X and Y investors taking profit at this price! Each gets back RM30,000. X profit RM30,000 - RM15,000 = RM15,000 Y profit RM30,000 - RM14,000 = RM16,000 The difference is merely RM1000.
Does it matter if you buy at RM1.5 or RM1.4?
If you have confidence in the future annjoo stock price, you can just buy it, and you don't have wait to buy it at a lower price.
If you wait, you might miss the golden opportunity to scoop the bottom!
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....
KAQ4468
21,497 posts
Posted by KAQ4468 > 2019-05-26 14:30 | Report Abuse
Just wait for what ???
Kah Kah Kah