No today is the lowest. It’s normal after warrant distribution. Looks for those counter history that gv free warrant. Just the matter of time . The distribution almost finish. Be cool . Do your analysis .
wow...is this a bad sign?...seem somebody purposely blocking the price. Nevermind it is still in accumulation stage based on this market depth price action...hahaha
Big holders are still distributing their shares. Thy still hav a lot of shares to distribute at this price until RM1.30 and still making good profit. This share will drop to 1.50 region before real consolidation and accumulation starts. Before that it will be down and up with overall down.
No bad news coming. It also has nothing to do with upcoming LSS4 award or the recent financial results. I think main reason being the big holders really have a lot of shares with the cost of 0.20 to 1.00 (adjusted price) from last year accumulation, bonus shares and warrants. They are looking to let go those shares at highest possible price to get quick profit. That is why after ex-date the price was jacked up to 2.80 for them to slowly sell their shares. I'm pretty sure they still have shares to sell and the distribution phase is still ongoing until now. The big holders know very well the current run of share price has overshot and profit growth of the past few quarters is not sustainable to justify the price. My guess is that they will sell until 1.50 before accumulate again at 1.20-1.50. Of course there will be price rebound during distribution phase, but it will not be significant and short live. I opt to be patient, wait and monitor for real accumulation phase to happen (sideway plus minus 10% price fluctuation for 2 months or more) before buying.
Tats what I heard also it will stop around 1.50. They will sell and take profit until they left 20% from whatever they accumulated from last year. Then they will slowly buy back from 1.20-1.50 range, albeit to a much lesser extend than last year. Just wait and see if that is true.
Simply Wall St : KPower - Trading at 60.8% below our estimate of its fair value. Earnings are forecast to grow 36.11% per year. Earnings grew by 513.9% over the past year
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....
greencode
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Posted by greencode > 2021-03-03 12:58 | Report Abuse
No today is the lowest. It’s normal after warrant distribution. Looks for those counter history that gv free warrant. Just the matter of time . The distribution almost finish. Be cool . Do your analysis .