Actually that day restructure plan come out,or they give some good news like high get contract from china or arab.i think this stock will fly more than 15 cent liao.Dont need do much thing already.management easy to dispose their share and push out the share price on that day,why they don't do so..haha
Finally someone with good analytic skill and far vision help to explain to bunch of naive ppl. Thank you so much. Btw, SAAG push up to 0.14 from 0.095 to let management disposed most of their holding. I saw Barakah doing the same when push out white knight news on Feb/Mar, that time Nik disposed the most. I believe the remaining holding was mortgage to investment bank, when Nik pocket dry, IB will help him to dispose.
they always come by some purpose! just think yourself , they never buy this stock ,continue spread negative news here and ask people buy their promoted counter !funny people! once reveal their purpose behind they will bark at you hahaha
I still holding 1M share from SAAG. Each time I check my portfolio I feel pain coz when it hit 0.14 I never disposed the share. Same mindset thinking, that it will go up to recover all my losses. And when it drop to 0.07, I also never dispose coz thinking since it drop so much, why don’t I bet and show hand, as a lesson learnt. At the end, it drop to 0.01 and subsequent to 0.005 before delisted. And what I figure out is, most of the BOD and major share holder still holding the shares. Do you think they don’t want to dispose all? If you know the Bursa rules, you will know why can’t the BOD and share holder dispose all their holding. Good luck. Recover you lose a bit better than none.
Don't view us negatively. Share market is a cruel place to be in. Barakah, after its restructuring is no longer the Barakah which we are fond of. Barakah is no more. It will be re-born as Lecca. The restructuring 5 to 1 can be an expensive but useful experience.
who say barakah no more and 5 to 1? pls read carefully la! i dont want repeat again and again! Pls read the regularization plan before simply make your comment! Read Page 2, 3, https://www.klsescreener.com/v2/announcements/view/29080280
Proposed exemption under paragraph 4.08(1)(c) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions (“Rules”) for Lecca and its persons acting in concert (“PACS”) from the obligation to undertake a mandatory offer for all the remaining ordinary shares and convertible securities in Barakah not already owned by them after the Proposed Placement (“Proposed Exemption”).
The Proposed Share Capital Reduction:- (i) will not result in any adjustment to the reference share price of the Company or the number of Barakah Shares held by the registered shareholders; and (ii) will not give rise to any change in the total number of issued Barakah Shares
exemption, will not become LECCA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Will not result in share price nor share number reduction!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
If Barakah want bankrupt you think they will spend so much effort and money to gather all creditor to high court and draw out the regularization plan? You think they just want to make fun of it ?funny investor thought
although im not agree @T800 @i3lurker their stands on barakah but is true that stock market is cruel, always hope for the best but also be prepared for the worst, anything can happen in stock market.
the things is that when a trouble company before become pn17 or delisted, their shares price will be pushed up within short period yet without positive news, positive speculation? yea alot. Then this is the time u need to beware as that is the distributions purpose for major shareholder. Try to study pn17 or delisted company and their chart then u will what i mean.
if you talk about good long term investment base on fundamental, definitely not counter like scomi, alam, barakah, sumatec lol. These are not bright company at least for the moment.
But can you profit from few cents counters, yea why not. In fact i gained 5 figures from lonbisc and barakah right after pn17, and 6 figures from knm - 7cts months ago?, .(not try to show off, alot tycoon at i3). Buy at the right time, lousy stock could gain u good profit too. For me the right time, is historical low price, the safe point.
@T800Terminator, indeed regularised plan is normal procedure when you triggered pn17, but you cant simply draft submit one to SC, not like Uni assignment main hentam haha. Is alot of paper work and cost some amounts especially when involve in share reduction. Not to mention approval from various parties. Maybe you can ask someone you know in finance dept or company sec. of a listed co. then you will get the picture.
Wakaka normal lo... Insider sure will have new first.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
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 3766 views | 4 d ago
0:17
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....
wendyuong
2,126 posts
Posted by wendyuong > 2019-07-25 21:00 | Report Abuse
Kianweng, Newbiesky! May I ask why Genm,Genting will fly ?