Got to careful any plc, profit was very good before ipo, then no more profit after ipo, most likely its sales or profit is man made. Artificial not real
Sell due to lack of patience. The market is driven by emotion. CFO disposing shares could be because he wants to retire early.His total shares alone is worth near RM 3 million.
SMETRIC is recovering from its consolidation phase, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.165 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.175.
However, failure to hold on to support level of RM0.150 may indicate weakness in the share price and hence, a cut-loss signal.
After ipo, tehy should make more profit since they have cheap fund, but they turn the other way round, loss more, that mean their esrlier profit and sales all could be fake or created. Not so smart Malaysia bursa and SC.
He is not boss, staff but title like boss, sell la take money first. He know better company performance sinxe listing never profit. By right after listing shall make more due to better cash flow. If the other way round meaning account got problem. He is financial controller. He know better lo
another bad qr. cfo still got around 6.8 mill shares to dispose? this company still got hope or not? what will the do with the pricate placement money? so many questions want to ask the boss
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Sweetchocalates
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Posted by Sweetchocalates > 2021-07-09 19:38 | Report Abuse
CFO going to be replaced soon. 3.2% stake reduced to 1.7% in less than a year