It will be too naive of the major shareholder to allow the slide of his or her company shares...
Maybe it is a classic case of strengthening grip by major shareholder, by selling high and doubling up when it is low... Maybe a good Samaritan or insider will shed some light...
I am just observing somersby comments and could emphatize on minority situation. Maybe Salvatore Dali could analyze a bit in his blog. Listen to good analysis might see a better day, I hope. Or watching the yanxi palace sitcom better idea..
30-Aug-2018 Insider MR YAP HOONG CHAI (a company director) disposed 3,700,000 shares at 0.270 on 29-Aug-2018. 30-Aug-2018 Insider MR YAP HOONG CHAI (a company director) disposed 1,840,000 shares at 0.220 on 29-Aug-2018. 30-Aug-2018 Insider MR YAP HOONG CHAI (a company director) disposed 10,500,000 shares at 0.220 on 28-Aug-2018. 30-Aug-2018 Insider MR YAP HOONG CHAI (a company director) disposed 7,000,000 shares at 0.220 on 28-Aug-2018.
I don't hold any shares this company, but I emphatize with you all sitting on lossess. Contact the Bursa Commission or contact the management about the goings on in the company. It's totally not fair to not let all shareholders know as to what is going on. !!!
I think there could be a possibility of the co calling right issue. Current biz not able to repay high loan interest as they have high liabilities. That’s why price slide so much.
I think it will increase on next Monday, most share holder sold their share due to panic selling. A lot of people will buy back next Monday. Many people sold because they think sst will give bad impact to this business.
Some say TA intact?? I see pump and dump here.. last 2 years collect and pushed price up and when retailers rushed in, let go to them and run.. will collect back later.. maybe 0.45-0.50 range.. should not go a lot lower with risk of losing controlling stake in the company because competitor can collect shares from open market..
Is not so much on FA or business or profit or market sentiment or SST.. if sst why other companies not dropping so much? Many companies losing money this quarter, why not dropping so much.. eg QL, last q did not perform well, why no cheap stock for retailer?
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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....
yxteo2
187 posts
Posted by yxteo2 > 2018-08-30 16:59 | Report Abuse
Sure many ppl selling today no one wanna take sst risks