If most of the Wa are not with Boss or his related party, then they may want to kill off the WA holders by pushing mother shares down....I hope this is not happening...but stay cautious
Again, WA at current price level of RM0.64 (41% premium) seems to be very expensive. Unless n until mother rebound strongly then....See if we are going to see a "surprise Q4 result" then.....
Even Canone which posted good Q3 result (EPS RM0.14) also came down quite a lot from their recent peak of RM4.80.....
It seems like somebody is supporting the WA's price.
When mother was around RM2 in Oct, WA was only RM0.40+, traded at premium ard 30%. But WA now is traded ard RM0.64, ard 40%+ premium...seems to be on the very high side, after seeing little growth in their Q3 profit.
Just be cautious. I would rather buy mother then.Anyway,see what is the support for mother first.
Johotin management got some sort of talent too....just like David Copperfield...they can just make the profit disappeared...while all others are showing excellent Q3 result benefited from low raw materials prices n weak RM...Not easy though....Last time they managed to kill Cold Eye, this time they might killed somebody too
@murali, i already said risk was high last 2 week ago. Price will remain resistance or dropping unless there is a special news related. Price may rebound at anytime, But as a investor, we need to looking forward for long term and fundamental analysis. Do Not greed and be cautions and better watch out every time before the report is out.
Unless n until somebody could find where they hide their profit of low raw materials price n weak RM, I would rather stay sideline...or else may end up eating roti kosong n drinking plain water like KK123 last time...
Kk123, u everyday talk bad on Johotin, hoping it will drop to RM1.50, the same level u sold early this year before the sharp rise of Johotin from RM1.30 to RM2.80(before the sharp plunge after Q3 result). Unfortunately the price can never fall below RM2.00, so what are u gooing to do now? Do u want to miss it again??
Friend, in life u always have choice....dont repeat the same mistake again n again...unless u really like eating roti kosong....then that's a diff story....
Soon, Koon Koon will attend their AGM n force or ask or convince or beg the Boss to give bonus/ shares split / free Wa so as to enhance the trading vol and to reward the loyal shareholders like him n OTB n many others who started to buy in since Oct this year...
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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....
Ting Ley Yiew
86 posts
Posted by Ting Ley Yiew > 2015-11-30 02:38 | Report Abuse
http://bursadummy.blogspot.my/2015/11/johotin-too-much-expectation.html