fl888, your concern is valid. But at this moment YFG has a new director board with the majority shareholder as main player who staged a coup--d'etat and won the battle. I guess they will take care of own pocket. It is either live or die game for them.
The project awarded is going to start soon. I think it is unlikely to be terminated as the project is funded by federal government. I check with a friend in construction industry, PR1MA budget is plenty with the agenda of winning in the coming election.
I am willing to wait until regularization plan is out. I will collect more YFG below RM0.09. From my observation on penny stocks especially those in big trouble, gaining 100% profit is common. Even Maxwell can bound from RM0.02 to RM0.04. Don't forget about Hubline recently.
By the way, my average cost of YFG is RM0.045 with 1 million shares.
I am waiting for the quarter report to be out anytime soon in this or coming week as it is an indicator to assess performance of the new board. Hope to see profit in the quarter report.
Buy buy buy, some writers have painted good pictures about this counter, indirectly ask to buy, as what have happened to some counters they have written about... Some have made huge gain and still at gain zone but some 'koyak' after been chased up for one or two days... Some 'koyak' when UMA was slapped... but some though made higher gain but no UMA or much later when more gain were recorded....
BURSA ANNOUNCEMENT Date of Notice : 27/03/2017 Changes in Director's Interest (S135) - MADAM LIM YOKE CHENG Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 23/03/2017 Acquired 700,000 0.060
Will there be any Good news to be announced very soon?
YFG Bhd’s shares will be delisted from the Main Market of Bursa Malaysia on 26th March 2018 after the regulator rejected the group’s application for more time to submit its regularisation plan.
The group had withdrawn the proposed regularisation plan submitted to Bursa Securities and its application for a further extension of time of up to 31st August 2018. Subsequently, the securities will be delisted on 26th March, unless an appeal against the delisting is submitted to Bursa by 21st March 2018. (The Star Online) http://klse.i3investor.com/blogs/MplusOnline/150818.jsp
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2938 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
darkxfs
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