I first bought gadang at RM1.20 to see it went all the way to RM2.00, and to come back down to RM1.20 and now back to RM140+.
So I do know a little bit about Gadang.
My observation so far is that GADANG SHARE PRICE IS CONTROLLED BY CERTAIN PARTIES.
For those who follow my blog, they would know that I don't simply jump into conclusion. I always based my assessment on something tangible (instead of cooking up fantasies).
Why I arrived at such a conclusion ? Because there was one forum member WongChowSang has come out to make predictions on numerous occasions about Gadang's share price movement. He told us his prediction was baed on insiders' information (I presumed those are the people controlling / manipulating the share price) it will go down from RM1.60 to RM1.20 and it indeed went all the way down. He subsequently told us it was time to enter at RM1.20 and the share price indeed rocked bottom there. The timing was impeccable. I am very convinced that Gadang share price is subject to heavy influence by certain parties.
But please don't panic yet. Manipulating share price doesn't mean that the company is rotten or bad corporate governance.
My impression so far is that Tan Sri is NOT a crook (please don't ask me why. I also don't have proofs). I believed he is genuinely interested in nurturing Gadang into a successful entity. But I think he believe that Gadang's moment will come in 2016 (He has said that in two separate occasions. This must be something very much in his mind).
So I am sitting tight to see how things will evolve. Cross our fingers the major shareholder indeed has benign intention and is willing to share with minority shareholders like you and me.
@ apini, Thank you for your comments. I choose to offload Plenitude and load up on Gadang instead simply because of the Capital 21 profit guarantee. If Icon8888 is right about Gadang CEO being sincere in growing the Gadang consortium, then, I believe that for FY2016 and FY2017, Gadang is able to achieve somewhere in the RM80.0M profit range. So, my plan is to progressively load up on Gadang with whatever spare cash that I have.
Sometimes, if a company has good assets doesn't mean minorities shareholders can benefit from it. Many companies make good profit and pay directors huge salaries And bonuses and not dividend to shareholders. Meat they eat, bone you chew.
tan sri is not a crook ?? He is a big kaki of goreng do you know in 1994 he goreng this lousy stock nearly to RM 18 than later on let it drop to Rm 0.33 , so can you imagine how many people have been losing because of this people attitude ??
I so much hope that tan sri will goreng GADANG to RM18.00 again. I tell you frankly here, RM10 or less, I already sold all, I won't be the victim as you said. if you invest based on price movement , you are no better than a gambler. 活该你输钱。
RM 18???? I think so many of us will be smiling all the way to the bank (dare not laugh loud loud...scare invite envy...) kancs3118 will smile the biggest because he can buy a house at batu kawan cash money without taking a loan
if Kok Onn were the crook who places his company at risk, he would not nurture his daugther as the company's business leader by appointing her to be the financial officer.
To me so far so good....potential rebound palm oil near future n ipp in indon should start providing additional income probably by 2016/17 beside the current projects....potential more future devidend...???
*** my son just start trading rm150k n making rm60k last 2 weeks provided u know the techinique n risk related to the trade....he spent almost a year on training....but u have to be always on alert...but not my way of trading cause i always on holiday everyday
Doing nothing is a hard thing, going down actually a bonus to play short term, this how we reduce our holding cost, we like our share , esp the one we know, have movement rather than zzz... right? Believe me start to buy more when it is below 1.35. Then sell above 1.50. After a few times .your cost already about 20 sen. Then 2017 sell all at 4.00 , see how money come in . Hahaha. ....
Not every tom and Harry deserve big fortune, god test your faith and wisdom ,that is how He decides who should take the money. Believe and have faith in an earning and growing company
Our belief and persistence still got to be supported by company performance. Can not depend solely on luck? Still have to evaluate the QR. If there are better buys still have to do somethings to maximise profit. Should reduce must reduce. Should buy more must buy more.Remember nothing is fixed unchanged. So is our strategy to safeguard our hard earn money. Remember.
good luck, kawan ku matakuda. bunga bukan sekuntum, lebar bukan seekor , tapi aku masih cinta bunga 'gadang' yang ku cinta dan lebar 'gadang' yang ku sayang
come and think about it. How does Kok Onn benefit from his steering of this company? (1): open market disposal of his shares (2): sell his company to another (3): pay himself a big fat paycheck
But then, from the annual reports/ quarterly reports, (2) & (3) is out of the question. He does not pay himself a big paycheck. Only (1) left which occurs last few days. But then, the amount is not big...less than 150K. So, it is not plausible he is trying to jump ship.
i told everyone to exit near 1.96 and was scolded by many experts who claimed can go super high.
some experts wrote many articles promoting this citing all fundamental growth prospect bla bla.
where the experts?
kancs is jus another suckers doing all the meaningless analysis. so what has u got from so much analysis on how good GOB is. tell me abt the price now. it is half price from your purchase cost.
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Icon8888
18,659 posts
Posted by Icon8888 > 2015-03-14 13:28 | Report Abuse
Allow me say a few thing about gadang
I first bought gadang at RM1.20 to see it went all the way to RM2.00, and to come back down to RM1.20 and now back to RM140+.
So I do know a little bit about Gadang.
My observation so far is that GADANG SHARE PRICE IS CONTROLLED BY CERTAIN PARTIES.
For those who follow my blog, they would know that I don't simply jump into conclusion. I always based my assessment on something tangible (instead of cooking up fantasies).
Why I arrived at such a conclusion ? Because there was one forum member WongChowSang has come out to make predictions on numerous occasions about Gadang's share price movement. He told us his prediction was baed on insiders' information (I presumed those are the people controlling / manipulating the share price) it will go down from RM1.60 to RM1.20 and it indeed went all the way down. He subsequently told us it was time to enter at RM1.20 and the share price indeed rocked bottom there. The timing was impeccable. I am very convinced that Gadang share price is subject to heavy influence by certain parties.
(more to follow)