Buy Armada and knm more now and onwards, the goreng group is targeting Armada and knm now, besides sapura, perdana, penergy, dayang, alam all these already goreng up by other operators previously, reliable source
Friday Armada down is because of bumi Armada operator keep absorbing shorties shares, goreng group not yet start
But goreng group already started knm already.
Target for knm short run is 0.20, and armada is 0.25 - 0.30
Perdana's public floating share was just 202 million shares, but more than 339 million shares were traded on March 14, followed by the next days' 183 million shares. Do anybody know what does it mean?
Actually 1 million shares on the table can be end up with a total of 10 million shares traded. This is because the shares have changed hands between 10 men.
Perdana's shares held by Dayang (60%) were pledged to the bank, according to the List of 30 major shareholders (as at 31 Mar 2018). This is an important point. When the market value of the pledged securities have increased to RM0.60 from RM0.30 , the bank can extend further credit facilities to Dayang for the purpose of business expansion. Most likely the bank only can accept public listed companies' shares as the collateral and in this case is Perdana, its subsidiary unit controlled by majority shareholdings.
Borrowers would be able to request for further credit facilities if they can provide the current market value of the pledged securities. So, Perdana's CMV has to be maintained or appreciated in order for Dayang to achieve the plan which will be beneficial for Perdana also because internally Dayang can provide advances for Perdana to grow further. When Perdana continue to grow, the value of Dayang will grow also.
Buy Armada and knm more now and onwards, the goreng group is targeting Armada and knm now, besides sapura, perdana, penergy, dayang, alam all these already goreng up by other operators previously, reliable source
Friday Armada down is because of bumi Armada operator keep absorbing shorties shares, goreng group not yet start
But goreng group already started knm already.
Target for knm short run is 0.20, and armada is 0.25 - 0.30
the above announcement maybe can explain why the directors have been disposing their shares in order to meet public shareholding spread requirement ????
The List Requirement was fulfilled. The public must have certain percentage of the issued shares. The holding company and other owners directly or indirectly must have to relinquish some shares whether through the open market or otherwise. Hence, the existence of Perdana listed in the KLSE is already established.
It is not necessary a cheap sale event. The company may use this event to achieve the purpose of reflecting the minimum value of Perdana. Is was not "goreng-goreng" and now it had went until RM0.54 but the argument can be some investors were very interested in Perdana because the NTA and the potential are visible.
Why and when the director/party had exceeded the allowed share holdings that now have to unload is basically immaterial.
There are many public listed companies have not even one subsidiary/unit that are also listed in the Bursa. They have various type of businesses in their subsidiary companies but all of them are classified as Sdn. Bhd. type. Remember, Sdn Bhd companies' shares can not be traded in the stock exchanges. Unlike Dayang. Dayang being the holding company(7108), controlling numerous subsidiary companies, can fetch the good value because its subsidiary companies are contributing the combined EPS say 40 sen a year, so Dayang can attract the price of RM4.00 a share.
But the question is whether Perdana is one of the contributors in the combined EPS.
Going forward, common sense will prevail that, Dayang is surely very serious in making sure that Perdana (its publicly listed unit) no more a loser anymore longer. To Dayang, Perdana should not be undervalued, like dirt RM0.30 only. Almost no one can afford to see that its investment is suspended by Bursa and especially affecting the part of the collateral pledged to the Bank.
But Perdana being Perdana Petrolium Bhd, is an O & G company, will have bright potential in the time of oil boom, will attract very good attention from the investors.
Game over. Stop telling yourself lies that this will go up back to >50 cent. You are just dreaming. It might maintain above 40 cent but 50 cent will just be a dream for now. Goreng session over
Check this out guys. Dayang, Naim & PPB running the same trend after 2.30pm. It's more obvious for PPB as if a deliberate push down on share price. Any one??
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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....
InvestorKING
5,929 posts
Posted by InvestorKING > 2019-03-16 17:09 | Report Abuse
Buy Armada and knm more now and onwards, the goreng group is targeting Armada and knm now, besides sapura, perdana, penergy, dayang, alam all these already goreng up by other operators previously, reliable source
Friday Armada down is because of bumi Armada operator keep absorbing shorties shares, goreng group not yet start
But goreng group already started knm already.
Target for knm short run is 0.20, and armada is 0.25 - 0.30