I would guess the price will 'stabilize' around 0.18 and 0.19 for PP to take place ... thereafter the price will go up again. So, don't worry too much. If you are Permaju mgmt, you will also do something so as not to let the price drop too much ... else the company will end up having to give a lot of shares to the party in exchange for RM21+ million reimbursed by the participating party in the PP.
Looks like shareholders are having phobia over private placement after so many penny stocks did private placement to raise funds for benefits of directors instead of company and shareholders.
As calvin sifu said timber is at record price & palmoil at record price surely some optimism will spillover to wtk share price mah!
But this up 1 to 2 sen is chicken feed mah, why up so little leh ??
Timber & palmoil share r suffering from lack of production mah and also huge impairment losses on its assets mah & previous falling share price mah! Thus they are jittery on recovery of palmoil & timber share loh!! They want to see actual profit b4 jump in loh!! That means if u base on profit...as indicator that means the share price will be lagging loh!
Then why promote Wtk leh ?? 1. The owner , directors and insiders already accumulating quietly without fanfare mah! 2. The palmoil & timber production volume of wtk already creeping up loh...this is further support by the record price of its commodities. Just imagine u have higher prices & higher volume....that will be a very important sign of higher big profit coming mah! 3. The share price already corrected over 3 yrs of downtrend previously, when there is a big shakeout of all the weak holders...u can only grow more optimistic as time past by loh! 4. Wtk is sitting on some prime land that invested at a very low cost near major town & city, they are good development mah! 5. With all the liquidity & quantitative easing & low interest rate environment, u can see big inflation will be coming loh...!! Wtk in commodities business plus very big cheap land bank is a very good inflation protector mah!
Based on the above i think wtk is the best pick to make profit & this is concur by sifu calvin findings mah! 15/04/2021 9:46 AM
Permaju share price drop is due to investment in Meridian shares lah , the price for meridian drop like no tmr to 18 cts, mean indirectly permaju already loss about 8m. When the price of meridian stabilize then permaju will rebounds back.
Permaju share price drop is due to investment in Meridian shares lah , the price for meridian drop like no tmr to 18 cts, mean indirectly permaju already loss about 8m. When the price of meridian stabilize then permaju will rebounds back.
-------------------------------------------------------------------- one legal way to siphon monies raised from share issuance for esos and private placement as seen in stocks like XOX, AT, Fintec, etc
Permaju people suspect is syndicate stock. But there is no link money trail yet I think. But if the PP is a syndicate related buyer, might be an issue.
Welcome back. Long time no see you here. Hope you made some profit the last round. Posted by BuffetOnWeed > Apr 16, 2021 9:32 AM | Report Abuse 
Permaju people suspect is syndicate stock. But there is no link money trail yet I think. But if the PP is a syndicate related buyer, might be an issue.
Just to highlight to those who might want to review Hardie balance sheet. Why do 70 % controlling stake paying so high rm36 per share for the remaining 30 %?
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Posted by messi > 2021-04-13 12:38 | Report Abuse
Huhuhu.....price pulled down.....buy more get more rich.....50cts 2 shares maybe possible