Management always sneaky. Didn't fully disclose their main existing biz (Genting parts). When the outlets in 1st World Olaza Genting were closed temporarily, they anounced to Bursa and price dropped like hammer. Frm 2.3 to 2 in a day. Now 1st World Plaza reopened last week, with OWG operated outlets all in operation including Ridley, foodcourts in GPO, 2 restaurants in Genting Sky Avenue, restaurants in 1st World Plaza, Jungle gym; and they still keep quiet. Why la? wanna sapu all shares at cheap price, maybe.
Penang state will be better and more facilities upgrade to attract tourist, more event to be organized with the support of centre government that include of housing, infra and environment friendly project. Genting theme park is coming end of the year.... OMG!
Genting theme park will definitely be delayed, probably 2Q 2019. looking at the progress, it's building amd facade aren't not even completed. the rides also not done. testing plus safety certification will takes time. I'll play safe and wait till Genting announced new updates. once announced delay, GenM and OWG may well plunge a bit. i sold out all juz after GE14 at 1.1+ and that also at heavy loss. i love this stock but its been bad news after bad news. almost at list price when they started.
"Barring any unforeseen circumstances and subject to all required approvals being obtained, the proposed bonus issues of warrants is expected to be completed in the fourth quarter of 2018" (source: theedgedaily).
@winnerz the announcement indicated that the "indicative" exercise price is RM0.80. However please note that the issue price could be different (e.g.: at RM0.005). Nevertheless this is still a good deal for shareholders. Hopefully there are other more experienced shareholders here could shed some light for our better understanding.
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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....
gogreen
236 posts
Posted by gogreen > 2018-03-21 10:31 | Report Abuse
buy 1.11