This is because a negotiation usually take month(s) to complete especially for a government project if I recalled correctly. So, I will take profit first then wait people heartbroken only go back in. Then to everyone surprise, the GLC is another company instead of 5G so people will rush back in again.
Ya, that's just my humble opinion, since I am not really a strategist or an oracle. Oh hell, I only know few fundamental analysis and a tiny bit of technical analysis.
1. GLC is GLC news, they are eyeing on SMT and in early discussion stage, final what is the outcome only insider know. SMT already clarify its just early stage to talk about it.
2. Your post is on going thing. No matter GLC will buy it anot, SMT also need to do his own job for their business. impossible just wait for GLC ? What if GLC didnt buy ? and somore as we read from news, GLC eyeing SMT for interested on their future plan and proposal. Can i assume this signing is part of their interest ?
this is only my point of view. dont take it too serious .. haha..
I actually entered this share quite late, haha. Good luck, dec_12. I know you are one of the early birds, hope SMTrack really bring prosperity to you like what he hoped. I may not be good at looking at stocks but you can always discuss with me on any news.
newguy0801, nice to talk with you and thanks for your post on the signing. hopefully it wont suddenly cancel on Thursday morning... haha... if everything according to plan, i will sell on Friday evening and chao... hehe...
I think the ceremony mostly will be ongoing. As it related 5 listed company,most of the company related is rising alot too. I too think the signing ceremony is part of future planning. And maybe one of the glc requirement also for the GLC to take in. Today stagnant actually is a goodsign for smtrack too for those who always read chart. Rest awhile and then rocket again. smtrack is giving an impression to others as goreng stock since they listed and many were giving a tp only until 29sen and 30sen. The stagnant now actually let those retailer give up thier share too at 30sen. Can forseen a greater fly for smtrack i think. Also, that datuk lim hwa tat is getting the 5% share at 0.29 too, tgt with tan choon hwa at 0.26.
Okay bois, I am now using The Edge Digital Premium. So, it has a small article in it. It's MOSTLY the same as The Star's "Something brewing in SMTrack". However, there are a few paragraphs different. I will type all of it out, since I can't copy them as they are in image format. Thank me later.
"There have been interesting developments at SMTrack Bhd, whose shares were trading just below 10 sen a month ago before rising to a two-year high of 30 sen last Friday.
First, the radio-frequency identification solutions company completed a private placement exercise on Dec 24, raising RM6.84 million, based on a placement price of 7.47 sen per share.
Then on Dec 29, Tan Sri Lee Kim Yew, the founder and executive chairman of Country Heights Holdings Bhd, emerged as a substantial shareholder of SMTrack after the acquisition of 28.5 million shares or a 5.05% stake via an open market transaction.
Last Thursday, SMTrack disclosed that it is in the early stages of negotiations with a government-linked company in relation to the latter's interest in the company.
A day later, Datuk Justin Lim Hwa Tat and Datuk Seri Tan Choon Hwa also surfaced as the company's new substantial shareholders, holding 5.14% and 5.4%, respectively.
It appears that something big could happen as a signing ceremony - between SMTrack, Country Heights, Jiankun International Bhd, Sersol Bhd, AHB Holdings Bhd, Techna-X Bhd, MQ Technology Bhd and 5G Infratech Malaysia Sdn Bhd - is scheduled to be held on Jan 13.
Note that Lee's son in law Jared Lim is executive director of Techna-X, while Hwa Tat is managing director of Sersol. Tan sits on the Jiankun board as executive director.
All these stocks have gained traction in recent days. While investors will be waiting to see what the collaboration is about, they will still need to be mindful as the excitement does not necessarily translate into returns."
Here you go. I typed the entire article as a friendly gift for dec_12.
It's just that what's their relationship with SMTrack only. I think they have no relationship with SMTrack through shareholdings. I think it's more on their side with the company 5G Infratech. Maybe they got new contract?
Ahb also same like smtrack.. But more scary than smtrack the flying rate.. Anyhow i will just stick back with smtrack.. Thanks for the info newguy.. Hope this few day smtrack stagnant on 0.3 to 0.305 to stabilize in this price.. Like dnex and dataprep..
Saya pun tak tahu, tetapi rasanya event ini adalah private lah. Kalau tak silap, cuma journalist akan dijemput untuk menyaksikan dan memaparkan berita tersebut.
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....
newguy0801
1,616 posts
Posted by newguy0801 > 2022-01-10 12:45 | Report Abuse
Lol, conversion of loan notes.. Later, I think sure will drop and tmr too.