WC is accumulating back LionFib slowly but surely. Volume done is small. Stale Bull are selling,judging from the small lots done all the way. Anyway he got the leisure to do so, no hurry as market sentiment is still poor.
Less than 60 million shares NOT owned by Lion Industries. At RM1 it will cost less than RM60 million to take over the remaining shares but will enhance Lion Industries' NTA.
Steel sector play. All steel sectors moving up ! Lion Forest is the ONLY laggard. WC has to collect back fast otherwise will end up buying" expencheap " LionFib. Hehe!!
It has huge cash in hand, and REV is much much more potential business . If without impaired lost owned by other lion group company, I think it is above rm 3 now.
All small lots done. Stale bull are selling. This stock won't attract much contra players as volume traded is so thin. Next target 85 sen will be tested next week.
BB wants to collect LionFib shares at a lower price but alas nobody want to sell at this level,why ? Because most of them were holding this stock at the 1.2~ 1.3 level 4 years ago. Thats why they have to push up the volume to 1 million shares to get deals done. Good to monitor this today. Good Luck my friends!
If BB wants to collect more,eg 1 million shares, they must push up to > 80 sen. Otherwise it will be like the last few days no sellers .
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Posted by stock1288 > 2017-09-13 12:33 | Report Abuse
Strong resistant 65sen broken,now at multi year High.
Next 70 & 80 sen.