Hi, only a few weeks ago, the price was around 38 cents. I suggested a good buy below 40 cents. Now, the company is cash rich, but basically no core business. If they can't find core biz for 1 year plus another extension, then the money must return to us shareholders. I think they have to find new business or else money will be distributed back to shareholders.
If the management is smart enough, I suggest the sales of Samudra Oil getting $80m should reward the shareholders after settle the debts and then issue new shares to purchase new profitable assets. This counter will then going high otherwise it will enter PN17 soon.
Alpha Trader, very good analysis.. Can you give a look to TADMAX, this company is quite similar to SAMUDRA, as it has dispose a piece of land to 1MDB, and the disposal should register an one-off gain of RM few hundred million.. This could double the the stock price.
guys, please do not chase blindly, the mother share is quite volatile, exercise price for the warrant is RM0.30, thus the warrant and mother share should move together
Posted by matrixcool > Aug 20, 2014 07:31 AM | Report Abuse
tsy88,
Did you buy ILB beside Keladi in my FIFO? ILB almost hit my target of $1.07 after i first posted at $0.95.
Ya, it is hard to trade Bone counters,I personally prefer Alpha Trader blog because his counters once posted are always moving up at a pace we traders can benefit.Most of my mailing list friends benefited from the counters he posted. The latest being Samudra and SNTORIA. Please visit his blog at:
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Posted by Lewes > 2014-06-16 22:03 | Report Abuse
Hi, only a few weeks ago, the price was around 38 cents. I suggested a good buy below 40 cents. Now, the company is cash rich, but basically no core business. If they can't find core biz for 1 year plus another extension, then the money must return to us shareholders. I think they have to find new business or else money will be distributed back to shareholders.