it is clear that both the political divide agree that Sapura needs to be saved. Only difference is one side demand some audit for accountability and the other side did not set this as a requirement. Later Mr. PM also says Sapura should be safe with the forensic audit. That means both side of the political divide will agree to helping Sapura. Notice I mention helping and not the word bail out because one side is ok with helping but not bail out.
Not to gloat (Well, maybe just a bit) but the opportunity was fairly clear earlier. This is a "Too important to fail" company that will likely be helped by the "hidden hands in the corridors of power" who will persuade and pressure decision-makers. These hidden hands are a group of people that are found everywhere, in all countries, not just in Malaysia. The backroom power dealers. Not to say "like Illuminati", but have to acknowledge their power. Leaders and politicians are the most visible to us. But they don't get far, or stay long, without the backing of hidden hands, whoever these may comprise of in Malaysia.
One lesson - regardless of whether we like the system, the government, company etc., always look after *our* own interests first and foremost. If there looks to be an opportunity for us to "tumpang sekaki" and make some money, then take it. And not spend time and energy arguing about politics, fairness etc. which won't bring in money for us.
I heard most fund managers jumping into this counter. Institutions also rushing to buy. Looks like the whole UMNO gang positioning for good news. Let’s hope for rocket above 10 cents
People buy Serba at 0.09 sell at 0.12, then price go up, buy at 0.15 sell at 0.17, price go up, it will keep going up as market is hot. Same for Sapura, 20 cents coming
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....
shlyw
719 posts
Posted by shlyw > 2022-05-17 11:23 | Report Abuse
There is a chance to close today over 0.10.