Market is irrational.. Some stupid company with low NTA, loss making and high debt, people just continue to chase chase chase... For some company with high NTA, high cash reserve, cash value higher than market capital, no one chase...
Cash holding of abt 73 sens. Net cash of abt 66 sens. But market price at 52 sens. Some SPACS previously without business but only cash have a premium of 20% to 30% over its market price. Where is d logic in this market.???? Sigh........
Posted by Alberto > Aug 29, 2014 12:19 AM | Report Abuse
Cash holding of abt 73 sens. Net cash of abt 66 sens. But market price at 52 sens. Some SPACS previously without business but only cash have a premium of 20% to 30% over its market price. Where is d logic in this market.???? Sigh........
mkt logic is mkt logic, mkt has it logic only u dont understand it so u think mkt no logic.
you may feel free to sell, I am considering to buy at this level, i would say no risk at all, once rto is confirmed, you could not get an price near to 55/60
Not consider to sell actually,just asking for your profesional opinion...may I know how does the RTO take place?how to know on the RTO? Thanks again,AlphaTrader :D
@Dunknow - If a company is interested in reverse take over of a company, there will usually an announcement. Refer to the recent GBH or IJacobs for examples. Samudra is ready for RTO, but no companies have decided on taking it yet as of now. In the future is a possibility.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3424 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
albukhary
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Posted by albukhary > 2014-08-28 11:12 | Report Abuse
Market is irrational.. Some stupid company with low NTA, loss making and high debt, people just continue to chase chase chase... For some company with high NTA, high cash reserve, cash value higher than market capital, no one chase...