submission of documents for the uplifting come with the financial account ending september. Finalisation of accounts in october and submission of complete documents and upliftment will be in November. Still long way to go.
it can be anything bezfen. immediate gap up tp upon announcement is 0.60 and the next resistance at 0.70. after that it depends on business plan moving forward with additional funding it can get from institution once on17 status removed. cause big institution cant invest in pn17 company.
steady bro. there are no institutional play these few weeks after the massive sell-off during euro panic two weeks ago. those who want to sell aleady did. now the trade is in between us retail market. once the institution are back then we'll skyrocket up north. off course for them to come back upliftment news must come. let see how we go these two days.
today,the num. of sell transaction is higher,which is small trader throwing out their share..but buying percentage is higher than selling..so,i think that there are a few big trader came in..buying within 3000-5000..hope this is 1 of the sign that the good news is coming soon...
Why waiting for upliftment? Had seen few ctr did not moved after upliftment. Some declined. It depend, if announcement come with future prospect, securing new peojects or higher profit, then can expect bull run. But if other thing remain the same.. it may go otherwise.
in june 2012 thh secured a few projects worth hundred of million...TH Heavy gets international offers for its FPSO vessel worth US130million(the malaysian reserve aug 27)..after that,Tabung haji increase its share in thh and hold about 32% share in thh..we know that tabung haji is a GLC..and we aware what GLC mean...in june 29 referred to the star,RM1.5bil worth of tenders has been submitted by thh..there r also rumours about the thh secured a few big project..
"...go up for sure". A very dangerous assumption, bro, because nothing is. I've got nothing against TH Heavy, that's for sure. In fact, if you look at the earlier comments here, I'm one of its strong believers and supporters with guys like "Ramunia" etc. We were in from since 0.39 and earlier and had bought the rights issue at 0.40. True enough, and fortunately for us, it then went up:-)
This matter of the uplifting of its PN17 status - yes, it might create renewed interest. But don't forget that this is widely known and might have already been factored in. Not saying that it won't go up but just to remind others not to be too exuberant and overly optimistic.
I think it will. TH Heavy is a much better company than it once was, with a stronger financial footing. Based on the rights prospectus, the management projects 2012 will be a profitable year. But it will take some time before they are really in swing. This will come about after the renovation works at the Pulau Indah fabrication yard. Should it get below 0.50, I will definitely buy again. And I know many people will too. Maybe that's the reason why 0.50 has been such a strong support even when the general market showed weakness.
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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....
sirzack
237 posts
Posted by sirzack > 2012-09-19 04:06 | Report Abuse
tq afifi..a detailed explanation indeed.. friday i bought 0.32 sell 0.345 tuesday..dpt untung sikit2 jadi le..