Hi Localmotive, if he really want to sell, he can sell all in a single day. Selling bit by bit on different days could be an intention to catch attention. Just my wild guess. So we should do the opposite, which is to hold. It is golden age of smart audio and speaker from 2021 to 2025. Sonos has a plan to double her revenue by 2024. Other players such as Sony also aim for double digit CAGR. Therefore, holding or even slightly increase the shareholding should be something wise to do. But if your cash flow is stretched, it is also good to sell part of your shares so that you wont feel so stressed out as the price fluctuates.
Do note the selling director Leow Ing Seng has sold since late Sept....
Assuming the ESOS has been made available since then, the volume from 27 Sept till now has been about 10M++ and ESOS is 13.5M, so I believe ESOS should not be a big issue from here onwards.
Boss jack up the price (1) so as to attract retail investors and also (2) to induce employee to excercise esos shares. Esos excercise means company get cash money. then Boss will sell first before employee esos come sell like shit. Boss jack up the price (3) with the hope that retail investors would buy esos shares dumped by employees when the price sudden drop. Retail investors are brain-washed that FPI share price is around RM4. when employees sell down the price, hopefully retail investors would buy low.
There are few fund manager that miss fpi at the earlier stage are now accumulating fpi knowing that the performance will be great for fpi in the next few quarter. This is confirm with the factory working on 24x7 now in Klang and in sg. Petani.
Recent few days transaction has show that when price is right accumulation started. While they are spreading unfavourable news in the market to encourage more seller knowing that fpi has a low % floating share in the market. Think wise and act accordingly. For those who would like to validate fpi future performance, you can always travel to their factory at night for a self inspection on their production activities.
Don't worry about esos, it is short term phenomenon as employees know better than us about the performance of their co. It is the fundamental of the stock that will prevail, it is likely to be factored in. Anything below 4 is a good buy.
2mil esos share listed today and the market absorb the first day well. This again proof that esos is not a tool to push down price and disappoint investor but a motivation for employee to share the gain of the company when they grow the company together. Lesson learn from voices over they fundamental basis of esos.
Differentiating goreng counter and fundamental grow stock need different understanding. Do not apply the wrong approach thinking that all counter that go up is a goreng stock.
Slow and steady. another few weeks we should get its Q3 results, expect significant jump and top and bottomline. low valuation and deserve to be rerated.
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....
cwc1981
1,404 posts
Posted by cwc1981 > 2021-09-28 23:18 | Report Abuse
Maybe cash in after ESOS