Wait for 0.70, most likely will retreat to this level...impact from major market loss trend... hope 0.78 support can hold...if not...I've to collect at 0.70 to average my high price purchase...
good chance to buy in now... next few quarters will be good due to recognition of property sales... Net cash per share already makes up 63% of market cap
Issued & Paid-Up Share Capital RM276,617,000(276,617,000 ordinary shares of RM0.50 each)
-No borrowing. -Strong net cash position, net cash is around Rm137,629,000 or net cash per share is around Rm0.50,-----accounted for 87% of share price-----. -Dato’ Ng Boon Thong @ Ng Thian Hock and his son control 68.5% of Hil shares. -Will Dato’ Ng make a move to take over the company? Assumed he making an offer of Rm0.80 per share or Rm70 m @ 31,5% of Paid-Up Share Capital 276,617,000 ordinary shares of RM0.50 each, he will immediately own the Rm68m cash of the company.
No doubt Hil is a good com. But, in equity market ; I believe as a retailer we need a little bit more. CATALYST to move this quite boy. So, what possibility can contribute to that ?
Aimthebull has done an excellent job to do a thoroughly study of Hil. Otherwise, I wont notice this quite boy. It trending on tandem with Lcth. In my case I need more than that and a bit more risky to wait for a Com. To reward me. Of course I could easily trap due to the limited info that i can grab from the com. But, I hv to do that. Jz bfore it explore too much to the public media.
Today Sanichi , Geshen tomorrow HIL. Same industry.. best among the three..low PE , good management team and cash rich company. Take a look on its weekly chart, the dragon is going to wake up and fly very high soon ^_^
Once someone try to push, it will up easily as the selling pressure is very limited, hopefully this week can reach RM1. In term of net assets, PE and debt ratio, this company is worth to consider for plastic injection mould industry
not so easy to move as liquidity of stock is low...therefore, need to wait...if I'm the person goring this stock, I won't feel enough stock on my hand to push it further as I facing difficult to collect at low price...
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 3089 views | 2 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....
member41
3,718 posts
Posted by member41 > 2015-06-10 11:45 | Report Abuse
Volume low , all hold very tight.