I always like to see ppl do short term prediction. Last time I also like to do this. Actually is just a guess. When I sold a share, take profit or cut lost, then the share price drop again I tot I was excellent.
Few years later when I look back the share I sold. I lost 500%, some even, 1000%. Because the share price Keep going up. Some share I take profit , when I look back lose 1 million.
Luckily I’m still young, I review and reposition myself. Focus on active income, spend less, build profolio on, and keep buying share hold for long term.
But business got risk, So I can’t buy 1 share and hope it can become a good investment. I only can keep buy every month, so I no need bother the up and down of the market.
Few years later when I look back, my wealth increase significantly! Especially from US profolio. Even recently US market drop, it is good chance to accumulate more. Because some share up so much until I can’t add. When Nesdaq drop 10%, is time to add more.
Krono is part of my profolio. I sleep well when hold it even share price drop. Hahahahaha. 1-2 years later look back, hopefully Krono is one of my main contributors in my Malaysia profolio.
Wechant, short term can earn fast money. As long as buy sell buy sell, sure sometime earn sometime lose.
I just want build wealth. Ya! I read a lot, the statistic proof it. Recently my friend share to me GrandPine’s founder video, from their evidence and statistic also same. That why they change to do long term Because that the way to build wealth.
Dropping from 94... where’s the support for this counter ... this stock didn’t push during the Nasdaq rally, but when Nasdaq drop , ppl say this is a tech stock...smart
This company has been unfairly punished for plunge in Nasdaq for being a tech stock. Funny thing is that the stock didn’t surge much like other semiconductor companies when Nasdaq surged.
the company has been relatively cheap and the delay in financial reporting added unnecessarily fear to uninformed investors because it’s a change in financial reporting with additional one month figures.
The company is good but the management clearly lacks PR skills to explain the company situation and investors relation is almost nonexistent.
If management is reading this, I recommend that u give more guidance to investors what steps u have taken to grow the company otherwise be prepared for lots of tough questions during this coming AGM.
May I know from where they stated reporting additional one mth figurs
the company has been relatively cheap and the delay in financial reporting added unnecessarily fear to uninformed investors because it’s a change in financial reporting with additional one month figures.
The Board of Directors of Kronologi Asia Berhad has approved the change in the financial year end from 31 Dec to 31 Jan. The next set of audited financial statements shall be for a period of 13 months from 1 Jan 2020 to 31 Jan 2021. Thereafter, the financial year end shall be on 31 Jan for each subsequent year. The rationale is to allow the Group to avoid the peak financial reporting in December and to enable better planning, coordination and management of its audit and reporting duties.
4. The commencement and completion dates of the Contract.
Project commencement: Early Dec 2020 Project completion/deployment: Apr-Jun 2021
5. Whether the Contract is renewable. If so, for how many years.
Upon completion of the deployment and implementation, as part of the Contract terms – the Group will continue to provide a further 6-years maintenance support ending in around June 2027.
6. The value of the Contract.
Based on the existing CNY/MYR exchange rate, the Contract value is approximately MYR 23 million.
7. The financial effect of the Contract on the group.
This Contract is not expected to have a material effect on the gearing of Krono Group for the financial period ending 31 January 2021. However, the Contract is expected to contribute positively to the earnings of Krono Group for the financial period ending 31 January 2021.
If you look at 3Q 2021 quarter report prospect part, the company expects sequential revenue growth in the remaining period of the financial year. We should be confident with the company. let's wait for awhile to see if the management walks the talk.
I think most of the people buy share, when share price drop, they will think a lot, thinking they are wrong.
I attended Icap’agm, the fund manager said valuation still cheap. That time Krono price around 65 sen I think. So I’m very comfort to accumulate more after that.
Even 70 sen plus, Icap also add more. Look at the basic valuation, still cheap. Business still going, share price drop let you buy more. When you got chance to accumulate more, why scare?
All you need to do is, build a pro folio, every month accumulate the share you think is good. If added enough for that company, buy other share or hold cash.
Then you will feel comfort even share price drop. Few years later when you look back, the drop is just a small drop. And I’m sure you will said: if that time I buy more.
This is formula to build wealth.
Cheer
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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....
GooShen
5,400 posts
Posted by GooShen > 2021-03-08 09:06 |
Post removed.Why?