My guess could be those people sell their existing shares and expect to receive more on next Tuesday which will reduce the risk of the price gap if more shares enter market.
haha, will go to 2.5-3 region soon..consider current PE still below 10 based on last quarter earning...liihen good dividend and excellent qr will trigger the shooting of price soon, next month is the day of announcement
Prepare to buy on next week after Bonus and additional share credited for trading start from 19th. Target RM2.7= RM8 (before split n bonus) by end of this yr.
not that easy. i think lii hen will still swing around 2.2 - 2.35 level until the end of the month. fly? maybe next year? but not doubt, it's a good stock fundamentally.
I am still a newbie. This is the first time I experience share split and bonus. If you own only 1,000 shares and after split+bonus becomes 3,000 shares. Every 1 sen movement is larger than before. 1 sen up before split+bonus = RM10 up, but after split+bonus 1 sen up = RM30. Is three times either way up or down.
yup...next month will announce another historical high of quarter result together with historical high of dividend..expected >100% of lst year based on previous quarter dividend which announced 7% where as last year only 3.5%
Intrinsic Value of Liihen from my calculation is RM3.57. Just to share... I bought at 1.40+ in August 2013 and sold at around 1.80, it never backed down but uptrend all the while. I bought again around 2.60 and sold at 5.40 and buy again at 5.70 and held on till now. (All price quoted before split and bonus). As long as the company keep posting good quarterly results, still make good decent profits and still continue to give out comparable dividends, it is still a good buy or to hold on to bought shares. In fact I regret selling too early in my earlier trades.
*This is not a recommendation to buy. It is merely for sharing. Trade at your own risk.
Liihen is actively traded above and well supported by 50MA - currently 50MA is 2.44. If it goes lower than 2.44 then is sign of danger. Otherwise, ups and downs are norms in share market...
There a reasonable buying momentum before today closing...Lets hope it improves tomorrow..fed rate is quite firm in Dec..this will justify to keep the counter until it then...as long it is still making money and growing no hurry to offload.
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Posted by mamatede > 2015-10-13 16:38 | Report Abuse
It will gap down, then slowly climb..