Announcement of QA is a significent event for SPAC and the promotors of CLIQ are undecided on the timing. SONA is the problem but with its private placement over and may be after its IPO CLIQ will release the QA.No promoters of SPAC will push its shares up for the sharehoders to sell to go to another similar SPAC---just my opinion
Today annual report shows a lot of free float in the market. When the time confirm an QA, management will start sapu shares to ensure they control the company. Believe it or not, is up to you.
all of you guys just hoping and predicting for QA to surface soon coz all of you guys wanna be rich in fast manner....let me remind you of someting coz this CLIQ is a long term investment and during this there a are many volatility....so if you guys is hoping and hoping and dreaming and dreaming so better quit coz the QA will only materialized during EGM and that will be end of 2013.
Big daddy is giving views based on current market seintiments,patterns and daily volume breakouts...in shares there no wrong and right.its only your instint six sense and market experienced to execute decision made during market entry...
Forum is meant to share information relating to the stock and not to instill fear to many new investors. My advice to investors not to really on too much of some people posting. If that person really can predict the price level of certain stocks, then there will be many Warren Buffet. Investmnet is all about doing homework and do not too dependable on rumours. If the stock has fundamental, no matter how bad you talk down about the stock it still go back to the fair value. Once again my advice is to read the prospectus, go to Bursa Malaysia site, follow the research papers by Investment Banks, read the annual reports, do not play contra, invest invest invest Good money chasing good money. If you are long enough in investing you will realise end of day contra players will not make good money compare to those serious investors. Share info and not instill fear. Just too bad some investors really buy those negative stories. Stock is all about fundamental.
Mikayla26 had done a good job. Telling the forum there was one RHB research on Hibicus which is the peer of CLIQ. Very good article. At least investors will have more insight into what SPAC all about. Good Sharing This is what investing all about. Cheers
Fews cent opinion on this one, from TA point of view.... share price are testing support at 0.64 and was supported quite well with a high volume and white candle stick on last friday. So any price near support level is consider a good buy (+0.05). If support broken, next support will be at 0.595... For those who want to avarage down, wait until testing the support level, if price rebound from the support level +(0.05),can consider to buy... and agree with spac88, this counter for mid to long term just like hibiscus. need to have patient...
CLIQ TOP 30 shareholders now only consist of about 46% of total shareholding. By the time QA is confirm, % of total shareholding should increase to secured the major shareholders position.
Hibiscus current TOP 30 shareholding consist of 85% of total shareholding. Mati mati i believe at least 20% of share to be sapu from market once QA confirm.
Cliq is a better bet than Sona cos the free float is smaller compare to the latter. QA is just round the corner. For those who missed the Sona placement shares go for Cliq. Small in size with promoters armed with extensive experience in O & G (petronas/ australia OG )and just fit nicely looking for low risk QA. Pls read the latest annual report. You can expect wild swing in prices for Sona when listed in view of the huge shares issued and free float in the market. Sona going for cheaper at 0.50 but have to pay a price for the neck breaking pace of swing. Happy weekend n happy trading in the week ahead.
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....
mikayla26
58 posts
Posted by mikayla26 > 2013-06-28 09:42 | Report Abuse
SPAC88, agree with you.
Today RHB wrote positively about Hibiscus, the 1st SPAC. & Hibiscus mother price is now 1.43.
So for Cliq, just have to wait patiently. It was only listed in early April, so still have to give it some time for acquisition.