i think is profit taking cz its been a while since gadang at 1.6-1.7 range..strong resistance at 1.8..from d graph..to burst up to 1.9 at nextweek shudnt b a prob
Referring to the previous financial statements, the phase-1 RAPID project registered 20% approximately profit margin. In the phase-2 RAPID, project, given that all the fixed cost has already been incurred, the contract which amounts to 350 million will positively contribute 70 million or slight more than this figure in foreseeable future.
Suppose the market is doing well, GADANG should and must trending upward toward its fair value. Next quarterly report must outperform that in preceding year.
New PP price RM1.68....revised from earlier RM1.57..???...it seem like a moving target...
Board had on 27 June 2014 (“Price-Fixing Date”), fixed the issue price at RM1.68 per Placement Share. The issue price of RM1.68 per Placement Share represents a discount of approximately 8.94% to the five (5)-day VWAP of Gadang Shares, up to and including 26 June 2014 of RM1.8449 per Gadang Share. The payments from the placee(s) are expected to be received within five (5) market days from the Price-Fixing Date. This announcement is dated 27 June 2014.
Tomorrow it is the end of June. People predicted there would be a huge collapse in June but the fact proves that they were wrong. July, a wonderful month for GADANG.
ho hoho PP 1.68, just imagine, if u are in Tan Sri's position, Would you lose face to your partner if it can fall below 1.68... well it means risk of going to that level is almost zero.
but i think got someody wants the price to maintain around1.84-1.86. Once the price climb high to 1.90 sure will drop down immediately. can somebody interpret this situation. Been a month, gadang maintain at same price.
Put it this way, consolidation since the last week of april, I believe its almost over) After that, its either heading up or down. You bet up or down more likely?
Buy and hold, and wait for the market to react. This is still a very undervalued counter. Yes, though the property theme was over, but compared this counter with others like Malton, GOB, etc you can actually the price is still up trending :) in fact i am holding both gadang and warrants since May when it undergoes correction. Patient rewards investors :)
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mbge7clt
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Posted by mbge7clt > 2014-06-13 13:02 | Report Abuse
what southern storm?