I hope Alan from iqapex could shed some light here too. My friend works in Goldman, used to be a trader in NY, then London, now in HK. He always says, most of the time got slaughtered and yet have no idea what happened
I read those two replies by Mr Alan. His funds have benefited from the daily spread of fear in the Forum. It is still taking place in many other forums e.g.... there still always one or two guys have been habitually spreading fear ever since both whether sunny or rainy.
With the few essential factors in place already, the Funds can affect the price to the detrimental of the retailers. The said tranches of shares disposed hurriedly by a party or parties are not related to his Funds as mentioned. So, from the effect of that sudden sell-down, the Funds had bought to support the pricing and most important is beginning to establish the strategy to acquire more shares even days later by making the price to go down further then making the average cost of their total investment in this Counter still lower than the current market value.
For that volume of shares being dumped, it is most likely carried out by one of the Top 30 largest shareholders, per bursa requirement, their name will be published soon
trulyinvest. Yongtai’s EPS in the past 4Q is 3.2 cents. Ideal’s is 36.7 cents. The former PE ratio is standing at 21+ While Ideal’s Is simply 3+. How are they the same?
If we look at future prospects. 10 cents EPS per quarter for the next 2 years are almost guaranteed. Do you even check whether what you think made sense before typing out?
Sorry. I’m just allergic to overly general statements. Don’t you think you could at least offer a little bit of insight if you’re gonna praise yourself in an adults’ forum?
good fundamental company for sure will rebound, but definitely not now. why not u guys keep the bullets & buy at lower price? be patient a bit my friends.
spygame has been condemning this counter from the beginning, but now said this is good fundamental company pulak..pusing sini pusing sana macam buat roti canai
The Offer that had closed 4 June 2018, i referred to Bursa's website, ICT Innotech Sdn Bhd (together with Mr Ooi & Mdm Phor who were the ULTIMATE offerors)have offered to acquire the remaining Shares & Warrants which were not already held at RM0.58 & RM0.01 each respectively.
It appeared that this corporate exercise did not go through and the golden opportunity for the Offerors was not materialized.
The parties which may have disagreed with the fact that the company will be taken private ultimately could be even the minority shareholders if they have thought that the said takeover price is too low.
Lately, the movement of the prices have caused the Warrants went as high as RM0.89 a unit besides the appreciation of the OS value. Who has caused such a height on that historical day? The intention was, as i see, was to prove a point that the value of this Counter is not as low as prescribed inside the Offer in the takeover by a private limited company ultimately.
So, what is the reasonable value for each OS and Warrant respectively today?
There is a conflict here. One side you have a group who had preferred that the value to drop/not going up (to justify the prices in the Offer) AND another group (those Funds, investors, retailers, ikan bilis-bilis) who usually wanted the Counter to reflex the reasonable price or a price that as mentioned by those Analyst.
As time passed, even without the takeover, i believe both groups will gain when the value appreciate further as supported by good profit in the Balance Sheet and from those recent QRs.
For those thinking of going in I would wait it out before going into this counter again. If it falls below 1.30, psychologically, it will dive even more. For those already in it, cut loss? Don't be sentimental with stocks. We're all in it to win and make money, not to have a relationship with them. Live to fight another day/time. Cheers!
One retailer selling 150K-200K shares is a selldown for you is it @spygame??? And where's the real selldown you were talking about since yesterday? I've queued right down near 1.10 and we're all still waiting for someone to dispose a million plus shares like last week so we can get it for super cheap.
This just shows that your call last Friday was a lucky fluke. You have been saying selldown many, many times since god knows when and just so happened that on THAT day, what you said became a reality. Still doesn't mean you have specific insider information - after all, even a broken clock is right twice a day.
If I’m allowed to speak stupid and crazy stuffs like spygame, let it drop to RM 0.01. I can sweep it clean. Few million shares also I can absorb and average down like no business. Then when next QR comes I’ll see if they manage to keep the price below RM 1.80.
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Posted by jojo85 > 2018-09-28 17:07 | Report Abuse
Rm1 for real..what a greedy shark.