price support at 48 sen after recent price surge. Big volume traded after yesterday price volatility. Technical showed sideway trading and consolidation at 48-50 price range
Your guess is as good as mine lol. Just wondering why they didn't push it down to 46c and show everyone support lines all broken. Too costly maybe? It's holding nicely around 200MA now
This is one of the least scary speculative counter. Only regret is I was blinded my corporate exercise...otherwise now laughing to the bank and buying back more. Gamuda I sell, MRCB I sell, AQRS I sell, this one I sold less cos waiting for corporate exercise. So play this counter is ok de, just sell high buy low lol dont care about whatever newsflow
Left 2 day termination merger announed , 27 July 2024 , previously if ask for extend ,1 week before already inform Bursa , Friday see u 43 sen ,once official announcement , , yesterday high volume 2.6 mil , all panic selling this Friday , come on 43 sen , strong support
@Johnchew123, give me 1 reason for each compony why merger should be terminated?
1) If you are Ekovest shareholder, why you against the merger? 2) If you are IWCITY shareholder, why you against the merger? 3) If you are Knusford shareholder, why you against the merger?
@Albukhary, Ekovest taking Knusford shares at 2.40 (when it's now 80 cents) is a poor deal for Ekovest shareholders. Grounds to object. To push it through u need either of 2 things 1) push Knusford up to 2.40 or 2) have enough shares
When the objective is to have enough shares to control the votes, it is different from syndicates profiteering. They may lose money in the process for a longer term gain. Of coz it's best to make some money too hence the flushing up and down
Recall that pre MMC takeover, pre announcement, post announcement and days before the final vote, they were still flushing it up and down - more volatile than Ekovest when takeover deadline was just days away!
From observing Bursa's trend, before good news being released, share price already up a few days....... very efficient. The same for incoming bad news, share price will go down.....very efficient as well.
Just finish yamcha with my friend.. all of them already sold their holding at 0.51 yesterday and their average price 0.47... my friend feel uncomfortable with the recently new on the river of life... too risky to hold...refer to upper new.. if the river of life project fail or ekovest drop from pdp.. not sure the land swap need to give back or what?..one more things is coming 27 July is they go ahead they also need get approved from AGM correct? not sure my friend source correct or not.. some of the shareholder not agreed on the propose and not easy to get approved...anyone got news on it ?
@Bigbull99, after I have done my own research, I feel that your claims are inaccurate, reason being:-
1) This RTS Project initially was awarded to Adil Permata Sdn Bhd, and due to its incompetency and delay, MRT Corp has invited Ekovest to become the white knight and take over Adil Permata's project, and become the Main Contractor for this RTS project. And in fact, Ekovest is doing a great job, since Ekovest officially takeover the main con role on 5 July 2022, RTS has manage to catch up ITS progression.
2) In this kind of Mega Infra Project, it is very common that the entire project will segregate into few package, and awarded to different companies. So the Package that IJM and Sunway awarded is different package, awarded direct from MRT Corp, it has nothing to with the RM1.9bil package that Ekovest is doing. Beside that, I also notice that Ekovest has been awarded another Package 7 on March 2024, but unfortunately the value of the package has not revealed by MRT Corp. But this additional Package awarded to Ekovest is very meaningful, it proof that MRT is satisfied with Ekovest performance.
Ok Albukhary, like I said only an insider will know the real problem, I’m just trying to help those who want to believe. If you are not involved, how much research you have done also no use. In fact MRT is so unhappy they withhold so much payment until APSB employed 3 different claim consultants to fight back all the monies, but useless till today. Anyway, each to its own. I wish you all the best.
ROL is water under the bridge while RTS is ahead of schedule and AG did not flag out any issue. Ekovest will do better on its own short to mid term if merger is called off given its existing landbank and revenue from toll collection. I am more concern whether SPE meets it's expected traffic volume target... Looking at the traffic volume from the CCTV, decided at buy back some yesterday. Cautiously optimistic
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....
5354_
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Posted by 5354_ > 2024-07-24 13:51 | Report Abuse
River of Life project does govn satisfied with Ekovest performance?