Oops, yeah domp, sorry for my typo re volume that day
I never bought. A few years ago I approached CFM coz I thot they needed cash (loss making) and they own decent assets in KL. Then the takeover offer came
Sometimes it’s really tough to decipher what these stock masterminds do; read the last time Jacky Pang bought shares (and from the open market!)…
Domp, investors can do absolutely nothing. This is totally different given your banking example
Too many UMA replies to Bursa by various PLCs saying “We don’t friggin know. It’s the stock market, Bursa. Fer crying out loud, why issue us a UMA? You don’t know the stock market meh?” (hahaha)
Remembered Mtronic at rights issue of 10 cents say can gain, also MMag, Saudee, BcMall, AT and others, consolidate shares, then do rights, later price all fall down to below 2 cents. Edge highlighted this Modus Operandi and kena sued. Imagine all this con game. Fitters bought this share cos of EV theme. How low can it go, 10 cents ?
john55555, my suggestion is to ignore ALL announcements/MOUs by certain PLCs that have absolutely no expertise nor the know-how when it comes to the current EV hoopla. Correct me if I’m wrong but I think most of such announcements had to do with “marketing the EVs”. Meh. I doubt them very much but, for the sake of those that bought their shares after announcement, I hope things work out to some extent. I mean, I don’t even know who some of these electric bike manufacturers or bus manufacturers are altho I admit I didn’t do much research for the reason in the sentence below
Trust the current PLCs involved/engaged/appointed with long established vehicle manufacturers instead. I sure as hell don’t see any reason Bermaz or Sime or Naza or Perodua or Proton would actively go out to reach agreement with indiscriminate “small time” EV manufacturer; they surely can’t (due to contractual reasons) and they won’t (due to TRUST)
This whole EV “jump on bandwagon” by several local PLCs reminds to wear rubber gloves after taking Covid vaccines, if you know what I mean ;)
Don't try to catch a falling "18 type" knife ...too sharp. Don't get hurt. Go for well-managed companies with long sustainable business model. Less worries.
Jap Nat, Jap Nat, you forever everyday teaching stock classes in so many counters. You teaching gloomy things. I scare to listen to you. You can see the future???
Jap Nat, Jap Nat, you forever everyday teaching stock classes in so many counters. You teaching gloomy things. I scare to listen to you. You can see the future??? _________ U can copy my recommendations n look back later within 3 to 5 years , i guarantee u are one of the bodoh who miss the 10 folds gain !
Pang now holds about 55% against 64.97% of CFM which he bought at 60cts valued at around RM80 million, now worth only about RM42million against the total paid up capital of CFM of 267.58 million valued at RM73,56 million…against RM90million total receivables hopefully not for impairment provision etc.. ?? Come Fish Money game by who….
Look at these bodoh gamblers really beyond hopes, already known this is a cut vege trap but still want to buy when price drop to 15 Sen, for me even1 Sen will never buy because the toilet in making!
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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....
dompeilee
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Posted by dompeilee > 2023-03-24 16:58 | Report Abuse
Just like how the AT1 bondholders are suing Credit Suisse & the shareholders of failed Silicon Valley & Signature Banks are suing the directors.