Peter, so little to make... TP to 90 sen only? What's dividend? Usually small also. It's never r re hit RM1. Usually hovers 80 plus sen. Anyone knows what is highest price and when? Thanks
This stock have followers/fan si.. They know when to enter and when to exit with good profits. http://www.imejjiwa.com/fitters-property-development-delivers-560-growth/ Fitters will get strong profit from ZetaPark boost its earning, coming property project at Rawang, JV at Jln Ipoh Condominium projects in Q3 2013, Rawang land development project launch in 5 stages in next 3 yrs all in Fitters $$$ pipeline. Oct stock listing in SGX. Possible to retest the recent high and break new high if the big shareholders/player comes back strongly :D
Thanks, viper for sharing do much information do generously. You must have bought a lot of Fitters shares? :) I bought on high side, 82 sen before Fitters gave bonus shares. Noted to see that they have diversified to other viable waste and green mills... It's whether they will give out good dividends or not, as noted from past dividend postings, very small. If share holders mostly keep buying... It will be like pwroot .. Cash rich, but kedekut to give dividends. Hope it will change to benefit share holders now!
My bad.. not listing at SGX.. but listing in bursa Malaysia :D Fitters, which entered into a memorandum of understanding with Deluge Fire Protection from Singapore to facilitate the merger of their fire protection businesses and the listing of the merged entity in Malaysia. http://klse.i3investor.com/servlets/anpth/903501.jsp
Some profit taking / punters exiting. Big buyers still not rushing to push hard yet unlike yesterday 2nd half. I feel Fitters short term target is to break > 0.80 and retest 0.855.
Viper, I wish big volume so I can also benefit. But so far, range bound 69-78 sen. Also usually give bonus shares .. So share price also drop. With the new. Io fuel biz of palm oil fruit waste to be made useful ... It's a good future long term! It's not an exciting counter like oil and gas. :)
This counter was oversold recently after hit 0.80+ due to QE panicky and some profit taking ...After stablized around 0.71-0.72 i bought some coz of its coming fin qtr report, good unacct profit for Zetapark, potential play for its new energy biz & listing or merger fire fighting division with Deluge in Oct/Nov.
Viper, usually range 5-6 sen. Slow counter. If patient, its ok. Not sure hoe many you bought. Tomorrow is Friday and usually another round of profit taking. I'm waiting for it to hit 70 sen. To average it and keep short term
This counter more for stable & steady play if bought at good entry price. Mid/long term outlook this stock looks +ve. Those punters looking for fast profit not suitable unless hit at the right time. Price start moving up yesterday in tandem with coming fin qtr result annoucement.
Beware when playing this counter...always a one day show. The directors has accumulated a lot of shares below 60 cts. They are in the process of distributing the shares to unsuspecting players from 80+ cts till now. Mark up and then distribute...their usual strategy.
These directors do not only accumulate in Jun..july but if you look at last 1-2 year records, you will have a clearer picture. recent purchases are just a small amount compare to those at 60 cts and below. Just be careful as most time the price mark up with high volume are not sustainable except the period after GE13.
Buying strength no so strong 2day but still able to absorb selling pressures. Theres some support by the big players out there... last minute move up back to 0.78 with buyer queing. Vol & transaction value increase higher than yesterday Good +ve sign. :D Those bought low earlier already have $$$$$$$ profit.
The whole day big boys been disposing...then last min push up..then next day can dispose at higher opening price...then down the whole day...then last min push up again...the cycle keeps repeating....tired oledi...better chow...good luck to those holding
Those previous buyer bought high got stuck now selling down 2 cut loss, maybe some contra traders oso... But can see theres some support by players absorbing at 0.78-0.76 lvl... these buyers push up 2-4 sen on and off trying to push past few days so the price up back. Seems like they targetting the stock move towards 0.80+ lvl. Try chk the chart movement pattern... earlier theres some accumulation and later moving up slowly with vols. Transaction vol and value also increases.
"Beware when playing this counter...always a one day show. The directors has accumulated a lot of shares below 60 cts. They are in the process of distributing the shares to unsuspecting players from 80+ cts till now. Mark up and then distribute...their usual strategy."
Eventhough the seller queue is higher than buyer queues, all the selling pressure was absorb welll...Either the players want retailers sell to them 2 collect more before next push or trying to attract more buyers to buy/support the current price before next actions.
kai8994..selling may be from other a/c so we may not see it. If you observed the chart ( excluding the rally immediately after GE13 when all shares rally ), Each time the volume spike up with the price...the days following it are down days. & there have been 3 such cases since the GE13 rally..28/5,18/6 & 25/7. This counter is more for medium/long term player. Let's hope the current rally sustained with positive news of their financial & new listing. Seem like Fitters is going big in property development & they have a new CFO who was formerly the head in Sunway property & Mah Sing.
Alwys buy at oversold support lvl with sign of accumulation and divergence uptrend. Set safety margin and alwys prepare to take profit/exit . If feel the stock have potential rise higher.. hold.. if don't have the confidence, sell.
Peter: ur fren unrealized lost is abt 20%... 100 lots not much. Can average down close to current price by buying at support low price. Fitters trend alwys try to break the 80 sen lvl and move towards to 0.85 -0.90+ several times, if cant break will b down support lvl at 0.75+/- before try again. Need good newsplay and strong players to support n push higher. Good luck.
Alot panic sellers due to KLSE plunge abt 36pts this morning. Some rumours say klse drop coz the big boss cant get 2 buy MAS and want show his wrath... :D. Fitters have strong balance sheet, revenue and profits. Biz growing bigger with diversification more into properties sectors and new energy. Will buy some more 2 average down.
Already up from 70 sen till 79 sen recently but due to Asian recession fear starting from India, reducing QE next year, market get spooked, big fish, small fish also dont dare to bite /eat the shares much. Nevertheless Fitters still a good potential stock.
Retailers and big players all scared 2 buy/hold stock due to market weaknesses and latest Syria issues. Good financial result, increase 62.8% from last yr quarter and NTA at 0.854. Value stock 2 invest but need holding power.
I finally bought into Fitters after tracking it for more than a year and prepare to do the dollar cost averaging down as it drops further.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 267 views | 1 d ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 465 views | 5 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
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....
slts
2,198 posts
Posted by slts > 2013-08-14 17:25 | Report Abuse
1 or 2 days show stock
boring...going no where
not an investible stock