can not..still not news at all. just wonder why today up so much and also drop so much...like want to get attention from the people. and selling also little by little. buy rate is 51%
weechin got a point, possibly shares pledged to bank. As long as it's not PN17 or PN1, can already, someone bought up 36mil shares, never before in Smartag's history. No UMA somemore...
lets see how people goreng the counter in short term. My guess is shooting up on monday morning.
•Listed on the ACE Market of Bursa Malaysia since 2011, Smartag provides innovative solutions and services to various industries in the private and government sectors through Internet and Mobility applications technologies to deliver our products and services to home and business. •Smartag has been selected by Multimedia Development Corporation (MEDC), the mandated organization by the Government to visualize, and drive Digital Malaysia to establish a Trusted Mobile Digital Wallet System based on Near Field Communication for Mobile Phone. •Since 2008, Smartag has been active in track and trace for container security solutions by working together with regional port operators and Customs authorities. •Developed comprehensive Food Traceability solution from Farm to table, using GPS, Internet and mobility technologies. The solution is suitable for products like Palm Oil, Frozen meat, high value herbs and health care products.
okay. you got me. there was more under the hood. why use SmartTag GPS when you have RFID, which is more universal? besides this share has been tanking (going down) for way too long, with zero dividends. as i said before and i will say again. another soh chai counter. berjudi at your own risk.
the last Friday drop is mainly due to the ex-CEO selling of his remaining shares in hand. someone would have taken his shares and going to goreng it up. if u check his share holding, he still got that much : Direct (units) 19,420,000 Direct (%) 8.56
remaining : 36 mil - 19 mil = around 17 mil , is the volume of buying
I've taken a look at the Annual Report and numbers for Friday.
No bank pledge, so no margin call. No debt/borrowing and IPO funds not used yet, so no rights issue. No selling of business and available cash with no bank borrowing, so no PN17.
Strangely, why no UMA? Bursa should query and then we will know what is happening.
Price can go either way tomorrow, up to the 4 largest stakeholders. In my opinion, just a director selling out, like what Meng Fatt said... just no idea why the hurry to sell now and in 1 day.
Moving on, we should ask; who is the net buyer? I don't think it's retail, seeing how 10mil was transacted in the region of 0.13 - 0.135... so, another director?
i think DATUK ABDUL HAMED BIN SEPAWI is taking up the ex-CEO shares. because the ex - CEO has different opinion with the company decision and quit the company with holding 8.56 % of Smartag shares. With these 8.56% changed hand to DATUK ABDUL HAMED BIN SEPAWI, then DATUK ABDUL HAMED BIN SEPAWI will have more than 30 % shares, and he can now made decision on the action of this company.
since no bad news, it should be good news. DATUK ABDUL HAMED BIN SEPAWI is TAIB's relative, must having some government project in hand which is not yet been announced
Changes In Shareholder Date Stock Name Type Qty Direct % Indirect % Total % 25 Jan 2013 SMARTAG Lim Peng Keong 19,420,000 8.5600 - - 19,420,000 8.5600 21 Sep 2012 SMARTAG Lim Peng Keong 26,420,000 11.6400 - - 26,420,000 11.6400 22 Aug 2012 SMARTAG Online Entertainment Sdn Bhd 13,227,000 5.8300 - - 13,227,000 5.8300
obviously is the ex-CEO LIM PENG KEONG and his company Online Entertainment Sdn Bhd, dispose off all his holding to this DATUK ABDUL HAMED BIN SEPAWI..... so apparent.....
next time got any movement, please check the shareholding ma......
I think you can saftely say that any investor buying this is wearing a DUMB-Tag (which constantly sends DUMB ideas to his/her head) HahahahahahaHAHAhahaha :>
I seriously hope such DUMB-Tag wearers are buying MORE lots. AVERAGING DOWN some more, perhaps in the 100-1000lots, and trying to prove how NOT-Dumb they are. HAHAHAHAHAHAHAHA
doesn't mean the dumping is going to stop because a new day has started, in my opinion. No idea when it will stop and there's uncertainty on whether the same person is buying back up the stocks at lower price or not.
if no one sells to cut loss or panic selling, the only remaining seller will be the director himself at this 0.11 - 0.115 region, coz no one has bought at this low...
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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....
kevin
180 posts
Posted by kevin > 2013-06-07 15:47 | Report Abuse
50% diff in a day...better keep away