this counter intrigues me. Major shareholder buys at 0.20 when he can actually get it from the market at a much lower price. The company has sold off it's water manufacturing asset and facilities (I stand corrected). The company bought Bayam and has an ex-Tanjong director. What's cooking?
okok : I have been watching this counter for so long ... strange counter lah. BUT, if it does go into O&G (assuming the sector rebound by 2015; with a surge in oil price) via RTO etc.. then there's only one word to describe this counter; "HUAT".
kh at their website nothing big going to happen. do u know anything tht i dont know? i can see the operator playing around with this ctr everyday i guess. tq
okok: this is my 2 cents worth. Their website has not been updated for a very long time. I checked their website last year, and was able to access all the pages (including the product page). However, they have since taken down their product page. The company claims to be in the "bottled water" business, but they have sold off their assets and have since been raising funds. Doesn't it strike you strange that they have given up their "core" asset, and have since been "raising funds", as well as exploring the fringes of the O&G sector via Bayam? I am merely speculating here... but it would make a very good shelf company to buy up and do a RTO into the O&G segment. Moreover, the CEO as well as COO have backgrounds that allude to that.
Meanwhile, I also agree with you that the operator has been collecting as many shares available. And, as I posted earlier... I find it strange that someone can buy the shares at 0.20 whilst the shares are traded much cheaper. So, it makes perfect sense that this is a counter poised for something "big". It's like SKPRES in a way... let the price remain low or sideways for a very long time before you materially push it up.
Bioosmo never engages in O & G but only catering business; the turnover dropped dramatically doesn't mean that it has disposed it's water business. Besides, just look at Tgoffs' performance, the impact of the ex-director is actually minor.
@khuda_hitam, could it be the operator you mentioned who bought at 0.20 bought at that price because he/she bought a big controlling block of shares? If yes, maybe your assessment could be right then
@khuda_hitam : this counter give me a lot of headache lah. Few days ago with the volume and uptick I thought going to fly already but then up, down, up, down and still stuck at nowhere. Potong Stim
@catl: I think there's something cooking with this counter. There has been quite a bit of accumulation going on. Like you said... with the volume and uptick... Strange & headache counter. I am curious about their next QR. Heck, they have already moved out of the water bottle business and are focussing on Bayam. The management is pretty tight lip about many things.
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....
leslieroycarter
5,777 posts
Posted by leslieroycarter > 2014-10-23 09:10 | Report Abuse
nta 9c n loss 7c , apa tinggal lagi?????