Buy glotec because the downside is low. Downside is protected by their manufacturing growth. However the main reason to buy glotec is because their upside can be explosive. The reason is that their coalbed methane potential is very good. They have applied for POD1 about 2 years ago. The indonesian govt is in the process of cleaning up their licensing procedure. Once the POD1 is approved, all the current revenue stream of glotec will be very small compared with the revenue from cbm. Cheers.
Only to those interested: The reason why the POD has been delayed so long in my perception is corruption at regional and local levels. The good news is that on 12th May 2020, the federal govt passed a law, taking back controls from regional and local levels. Now all approvals come from the federal govt, not allowing regional and local govt individuals to collect rent. The federal govt has already inspected NGY in relation to the POD last Dec. Now all that remains is for the paperwork to be approved.
Globaltec Formation Berhad company and boss better go die don’t at bursa eating people’s money without doing charity , bought 7 years Rm 45 K only take back RM 4 K plus ... . Guys don’t buy this company share believe me . Gain nothing is just a stupid mother fucker son of a bitch useless scumbag company just like a beggar using stock to take money from people . Stupid https://www.globaltec.com.my/ website always give fake news
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....
WY Chan
1,378 posts
Posted by WY Chan > 2019-10-25 06:20 | Report Abuse
yeah.... maya say RM1 end of the month.... yeah... yeah... wakakaka