Based on chart, .32 is a good support/strong based on previous support when it made 22.137% rebound then retrace to current position, just my opinion :)
Their projects next to Syuen Hotel Ipoh until now still in construction stage after almost 2 years.........whereby the Octagon Tower already completed and waiting for OC.
Notice of Interest Sub. S-hldr (29A) SYCAL VENTURES BERHAD
Particulars of Substantial Securities Holder Name ACE CREDIT (M) SDN BHD Address No. 61-6B,Suite 1 Jalan SS2/75 Petaling Jaya Wilayah Persekutuan Malaysia. Company No. 605856-V Nationality/Country of incorporation Malaysia Descriptions (Class & nominal value) Ordinary shares of RM1.00 each
Name & address of registered holder ACE CREDIT (M) SDN BHD No. 61-6B,Suite 1 Jalan SS2/75 Petaling Jaya
Date interest acquired & no of securities acquired Currency Malaysian Ringgit (MYR) Date interest acquired 10 Feb 2017 No of securities 32,305,900 Circumstances by reason of which Securities Holder has interest Open market purchase
Nature of interest Direct
Price Transacted ($$)
Total no of securities after change Direct (units) 32,305,900 Direct (%) 10.088 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Date of notice 10 Feb 2017
ACE credit has acquired Connect share in sept 2016 at 0.11 to 0.13 cent, its share price has gone up to 0.185 cent now (> 50% gain)after few month emerged as substantial shareholder. Would Sycal venture would be the next super star....
On Feb 10, Sycal Ventures Bhd saw 9.56 million shares, or a 2.99% stake, change hands off market for RM3.55 million. Of these, 8.15 million shares changed hands in a single direct deal at 37.5 sen, slightly above the 36 sen and 36.5 sen they fetched on the open market.
Interestingly, Ace Credit Sdn Bhd emerged as a substantial shareholder after it bought 32.31 million shares on Feb 10, giving it a 10.09% stake. Recall that earlier this year Sycal Ventures announced several corporate exercises. This included a proposed capital reduction by cancelling 75 sen of the shares’ RM1 par value. It also proposed a 30% private placement of 96.07 million shares.
@windcloud, agreed with u... not many good stock at lower price now. Sycal is one of them worth to invest at this point of time. Par value reduction is targeted to complete by early of April follow by private placement to improve cash flow. Once this exercise completed, Sycal is poised to fly high. This could be the reason why ACE credit is investing in this counter.
ymchan, thanks for sharing ..... I sit in and wait for substantial volume breakout ..... if next big surge can break 45 cents, next will be 50 cents. Just nonsense thinking.
thanks Ymchan, good info sharing, psiptek-wa also look delicious, but no money to buy ..... look like small construction sector moving, including psiptek, vizone, zelan .....
so any construction counters you had on hand ? mind to tell .....
Ymchan, today Malton also moved, missed boat liao, recently saw directors brought back shares. I also saw your name in KSL, hope next big move for KSL as well.
DBT at 0.375 before, if purchased below 0.40 still can consider a steal, 50 cents in the making ...... if connect can make a story, why not Sycal .....
moving average price is about 0.35+-, downward risk is minimum, the only thing is to wait it to explode further and further .... Don't think those big buyers only aim little profit .... so wait and see loh
if u are contra player, please don't play this stock.. This stock is aimed by foreign fund and they apply pump and dump strategy is to kill off those contra players.
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....
Orga
1,171 posts
Posted by Orga > 2016-10-26 14:56 | Report Abuse
any idea why? such an instant decline.