Yap just sold his unconvertable warrant due to regulation restrictions below market price to his friend... it is just transfer of warrant ownership...it is his money, he has the right to do so, no need to make a big fuss... also I believe Yap sure have a valid reason to support his move because he dare to sold them one week away from AGM, obviously he is prepared to clarify it in AGM.
Dear all sifu, I am quite noob in stock market. Actually I have one questions for this stocks with their recent movement. Is it possible they are planning to privatise the Company?
today low volume, pause a while, take a breath, then move on to next target. the average PE for layhong for previous many years is between PE 20-25.. now is only PE 13, plus next quarter should have improved results due to lower feed price and higher egg price, plus improved revenues from new liquid egg factory and new NHF food processing factory ready this month...
QL business : Marine Product, Integrated Lived Farming (the only Layhong business right now) and Palm Oil Activities.. not fair to compare Layhong with QL..
Yap can just dispose his warrant at 28 cents in the open market for more money, but he choose to sell it to his partner off market at discount price 20 cents. from this move, i believe this partner should be a friendly partner, which is planning to convert the warrant later. Also Yap choose off market deal because he do not want to disturb the market. He did not sell a single mother share.
No need to panic and cut loss due to 1-2 cents drop, accumulate slowly stage by stage and average up. With 2 new factory started the revenue generation engine this month, Lay hong will reap the rewards with great growth potential. Factory completed means lesser expenses on Capex and Factory started to run means more revenue incoming. Don't forget one of the new factory will double up the food processing volume, and targeted for export, which is benefits from RM depreciation.
I respect Yap, who start and develop the whole family business to public listed company by own hand and no by family wealth. from his previous move to import Japanese partner NHF into the business and create win-win deal for export market, he is a businessman with wisdom and vision. I very confidant that he can handle the coming AGM well with good clarifications to clear all doubt. When all doubt is cleared, there is no more low price chance to accumulate share already. Believe or not, up to you.
dont follow another ppl in here.. all in there just selfish.. its your money, take your own risk.. just do ur own research about company... and follow your target.. up and down is normal..
not telor goreng..the catalyst for layhong is the NHF food...karage in japan is very special, you should try and compare with KFC, you will know the difference.
When director sell something, zoom until bulu kaki also can see. Then all kinds of stories will start flying.
Lagi funny is, people use below method to value stock, 1st time in my life see this kind of valuation basis.
yxteo2 I juz take profit first play safe coz now no one knows why the dirctor sell the warrant at 0.2 so means now the stock only worth 0.6 27/09/2018 12:24 27/09/2018 12:33
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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....
ramada
3,955 posts
Posted by ramada > 2018-09-25 20:24 | Report Abuse
Annual general meeting on this friday. We'll know the answer very soon.