1. No sign of log production resumption yet 2. Director has been disposing 3. Lower cash on hands each quarters(only left with 500k cash and equivalents) It is amazing that the stock price hold still. High risk high return it seems
The situation here is very clear, they are having losses bcz their operation was put on hold due to local authorities.
The bright side will come when the local authorities finished with their work and pworth can go bk to their normal operation. On the other hand, if the authorities found something fishy with the company, then this counter gg.
Director disposed shares but we never know the insider news. If u not willing to take the risk, then jt cut and look for other counter.
This Logging company.. has profit last year share was up to 20cen ++ , after RI all bad news came and push down the share price , there was three situations that we can think happened to this company.. 1. This company was losing money The big share holder collect all money from the market and run away.. 2. The company was crash with the illegal logging issues they suspended for up to 6 months ( can’t settle under table with logging department ) share was drop ...
3. This share has strong revenue ... the main share holder try to push down the share price - to by back the share with lower price...
Congrats to all, you have chance to witness who is KLSE Buffett. Summary of long story - - @InvestsuccessTrader with his 3 royal followers @Zulmuiz, @Bug62 and @Daswack was trapped high price (around 8-10sen) on counter Barakah (7251). But they are very confident that Barakah will shoot back to 0.09 or above. - on the other hand, @Ooddd feel that Barakah will drop to 0.035 or below. Ooddd confident was came from Maybank tp of 0.01.
So, both camp decided to fight for who is next Buffett.. looking forward on the progress of Barakah...
Evidence in below: from mighty @InvestsuccessTrader ---&&& Stock: [BARAKAH]: BARAKAH OFFSHORE PETROLEUM BHD
May 31, 2019 7:26 PM | Report Abuse
monday Queue at 0.45-0.05, sure can double or triple after this year,7months only. 100k becomes 200k or 300k. you won't lose money at this price
KUALA LUMPUR (Jul 15): Finance Minister Lim Guan Eng said he may pay another visit to China, potentially Shenzhen again, to attract more investment into Malaysia. Lim said although the US is the largest foreign investor in Malaysia and is expected to continue to increase, but the potential of China’s capital is increasing. “China has its advantage, and the US has its advantage. These two countries are among the best in terms of foreign investment, and they are both very important,” he told local Chinese media Kwong Wah Daily in an interview last Saturday. Lim said if he visits China again next month, his focus will be on investment, so one of the destinations would likely be Shenzhen, to attract high-tech, high-value Chinese major manufacturers to invest in Malaysia. Lim also said after his first official visit to China earlier this month, both countries' governments are discussing the possibility of establishing an interactive channel for the stock exchanges of both countries. Lim said he would discuss this further with Chinese authorities if his next visit to the country materialise. "I hope we can yield some results in the near future," he said. Lim said in addition to investment and business, both countries also hope to strengthen securities and stock exchanges areas. After a visit to the Shenzhen Stock Exchange, Lim said they are studying whether it is possible to create a new platform that makes both capital and stock markets more competitive, and gain more access to financing. Lim said this would require further works to be done, including formulation of the technological process and financing mechanism. Lim hopes that after visiting China, he could accelerate the materialisation of this objective. On the matter of potential raising of Panda bonds from banks in China, Lim said the Malaysian government is still considering it, as the government thinks that it deserves a lower interest rate. Meanwhile, Lim said after visiting Huawei’s operation in Shenzhen and meeting its management, the technology giant pledged to strengthen its investment in Malaysia. Lim also said representatives from Huawei will organise a visit to Malaysia as well, and he is scheduled to meet them to discuss more on the company’s potential implementation of 5G technology in Malaysia. "They will come in a week or two. When I am in Penang, I will discuss with them," he said.
1 Mar 2019 MAHA GAYABINA SDN BHD Disposed 82,500,000 11 Dec 2018 MAHA GAYABINA SDN BHD Disposed 600,000 14 Nov 2018 MAHA GAYABINA SDN BHD Disposed 1,000,000 9 Nov 2018 MAHA GAYABINA SDN BHD Disposed 11,000,000 2 Nov 2018 MAHA GAYABINA SDN BHD Disposed 10,000,000 1 Nov 2018 MAHA GAYABINA SDN BHD Disposed 11,000,000 22 Oct 2018 MAHA GAYABINA SDN BHD Disposed 50,000,000 MAHA GAYABINA want ....
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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....
CyrusQ
2,060 posts
Posted by CyrusQ > 2019-05-28 10:18 | Report Abuse
How’s the outcome of this counter ?