the 4th qtr result is for the month of april 2018 - june 2018. take a peek of the log production for these 3 mths, as reported in bursa. next plan in pipeline is listing of subsidiary in spore stocks exchange.
no worry most of the genuine shrshldrs and major stakes holders are not selling.even had gained 2 - 3 sens.. but holding to it.. there is a special reasons to it. +ve
not strange. july log production will only accounted in result out in 30th nov. not in this coming qtr. what is quite obvious there is no vol in selling on listing of the new shares starting 20 aug.
Both of them received rights n bonus 75m shares n sold 38m. It is often normal to sell some to pay for cash taken for rights. It does not reflect an intention to exit.
TS Rashid Hussein was roped in as a cornerstone investor in the acquisition of FMU5, and if he disposed the shares it tells something more than meets the eyes...
Even if the coming QR shows a good report for quarter ending 30 June but the future coming results will still be questionable in view of the govt crackdown on logging activities
Rashid use margin to subscribe hundred over million of right issue. He have to sell some to cover the margin interest. 38 million is insignificant to his holding but might big for others.
did u all realise ... the volume was up and the price was down... must be one big buyer. Sapu the share on lowest price.. and there was a one or two matching drop price in one day ... 0.075.... the 0.070...0.075 .... after few days 0.07 ........ 0.065 (one matching)...(this make the market fear) now was start 0.065 >0.060 u all will start believe the price goingi down.... stay on this counter not to worry losing money... the price will go up to 0.8 or 0.9 but we need to waste time waiting for profit 5-10% ...... I buy others share was gains 10 to 20% (one months)... So if We want to Make the profit up to 40% we need to... buy ....average down the buying price... so we can sell at 0.07 (half) or 0.08 with profit 20% above... If the price really drop it will jump down with less volume.......... we are now losing......time not money... Tomorrow will going to TOP up at 0.06 if the price drop so I can sold the share at 0.075 or 0.08
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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....
azta12
5,594 posts
Posted by azta12 > 2018-08-23 10:04 | Report Abuse
no worry tan sri is a buddy to tun..expecting to increase his stakes and the coming 4th qtr result is expected to be wonderful.