Think of it this way, if it doesnt fall down anymore, chances are high it will go up. anyway, just supporting all the long suffering holders of THHE. could see you all waiting so long....
the drop earlier was profit taking by those vested earlier... there is a buy back especially in larger blocks, most likely by sharks and larger institutions after PN17 upliftment announcement
Hope the action picks up in the afternoon session! In my opinion, they will win a few more contracts and there's only 1 way it would move, upward!
However, I feel that upward movement is limited since prior to PN17 upliftment this share has gained almost 100% from the lowest point at 31.5sen.
Any experts have sny info what the TP for the warrant? Open at .46 sens and then drop to .42.5 sen. Any one can help calculate its fair value? I'm a newbie. Tq!
nobody is buying or selling much at this time. Definitely the shark would still have lots to throw if they wished to throw it.
Furthermore i have never seen any counter that have PN17 upliftment news that stalls on the first day after announcement... Can anyone share reason why? Thx
Sudah keluar news PN17 today. Hope naik and not Turun lagi Esok! Maybe also sharks bought before announcement so premium factor in. Made about 30 sen slr
Buy on rumours, sell on news...it's normal for ppl to profit taking. As long as you got the holding power, you'll benefit from it. This is a good potential company, so let it rest a day or two. It will come back.
i can tell you it was a correction for small traders to take profit today. Big volume was bought at 58-59sens region, signs of accumulation. Big boys will not make a huge scene when they enter. they buy low, and when they are ready, create an excitement and those with TA skills will buy in. Also, it was to correct the RSI level, which was overbought yesterday.
FA wise, Thheavy have already matched the IPO price in 2005, which was 50sens and today its 0.18% increase. Fundamentally, THHEAVY will be the an alternative for MHB for O&G fabrication. Bank loans will be much easier as risk management will be low gearing. Therefore, THHEAVY will expand and be more developed with new projects coming in and eventually as Par as SKPETRO and MHB. Another FA factor to be taken into consideration, it is backed by Tabung Haji. TH have spend a lot on this company and definately making sure it will be profitable.
So today's performance was merely speculators and traders have this mindset, "Buy on speculation, sell on fact". BUT real investors who know the story behind it, will hold because O&G company like THHEAVY will double or triple of its current value.
I earned 1 round already previously (speculative)... now buy back in and bide my time for 2nd round albeit longer term investment and potentially higher earnings :)
agree with you mr sheridan. there's lot of hard work in getting the pn17 upliftment especially from the top management at th so don't expect the price to plung like nobody business. Traders' panic, SM getting out etc we know there's people who are dumping the share and there's also those who absorb the selling pressure. just look at the volume today. what the MD should do next is to hold a press conference, announcing this to the media to create buzz and set the direction of the company moving forward with this upliftment. add in potential investors news or additional contracts secured and then we're up.
Sheridan, not many understand the real meaning of 'investment'...today's uplift sentiment in fact spoiled by the massive contra players and it will last till next Monday!!!
let's look back to prior statement from MD. this is a very strong statement:
“I am not aware that Bursa is contemplating postponing the lifting [of PN17 status] until our 4Q results are out,” Nor Badli said, stressing that such a move would be detrimental to the company’s ability to secure future contracts.
He added that it would be an uphill task to convince contract offerors if Bursa allows the PN17 status to continue, creating an impression that TH Heavy is a “sinking ship”.
“This move would also be unfair to our shareholders, who have shown strong support, especially to our institutional Tabung Haji,” he said. Nor Badli said with an orderbook of RM250 million, the local bourse should no longer have doubts of the company’s future financial performance, and instead, should play its role to help the company contribute to the country’s O&G sector “especially so when there are only six local players in the industry”.
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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....
bursabulltrader
875 posts
Posted by bursabulltrader > 2012-10-31 13:02 | Report Abuse
Steady all, green arrows going for a shooting soon....