I bought long time ago. Good company but slightly cashed in as most good companies in bursa. Now support breached, going downtrend, will be cheaper soon. Be patient to collect more
strange thing about the market is when a share consolidate or undergo correction, people dont dare to buy. when it fly up all go chase and complain no chance to buy. hahahha
Karim always sell warrant to buy back mother. Look at Serba Dinamik, he did the same. Warrant no dividend, no voting rights. His style is like this, and he likes to give out quarterly dividend. When the price is low, he will buy back.
agree he will buy back when the price is low, but not now, not low enough. You need to have a lot of capital to everage, better come back when the price is stable.
i didnt saw any root cause for price drop, no news from company 1. industry have bright prospect 2. recently just won project 3. net cash company 4. Earning increase and paid dividend
Tmr sure down again... Pp between 2-2.2... Encik Karim smart enough.. He disposed warrant to get money and later suscribe pp at lower price... 10%pp can get roughly 90M. If u still remember they need approximately 40-70M for lss4 capex. And also Rsi almost enter oversell zone... High probability to rebound after pp anouncement.. I just simply talk... No buy call or sell call... Lol
Karim's subscribe to Serba's PP, 10% of RM5B is RM500m and he subscribed 10% of the RM500m. He needs RM50m. KPower's warrant he owns about 50million, if average price he sold is 60 cents, this means he earns RM30 million.
He will sell SCIB's warrant too, to pay off the Serba's PP he subscribed to. It is just business. Serba is his baby, he will always support Serba.
KPower and SCIB quarter report is next week. If it is good, the price will rally. If you are a long term holder, just hold. If you bought high, sorry to hear this.
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....
skygazer
345 posts
Posted by skygazer > 2021-02-18 14:34 | Report Abuse
Today & tomorrow a bit difficult but slightly can. Many counters are deeply red. Market also in poor condition.