Every IPO they has already priced in, the share is worth 0.35cts so the sell 0.41.The directors are not so stupid with their blood and sweat to built the company up to sell you at 0.35,so they sell at 0.41.
the other IPO open lower than IPO price was the one listed right after BN lost election- this is fine , acceptable reason due to panic after BN lost power UNLIKE TODAY the KAPUT KIM HIN JO !
Imagine the share was oversubscribed by 7 times, I still have ample of confidence in this share and I’m looking for a technical rebound soon. I’m one of the subscribers and I don’t wish my money to go down to the drain. Tq for all of your support.
Broke / Very Poor Boss with No Money even to let be a NO FACE & THICK skin when knock the GONG at OPENING with LIVE BIZ reporters Coverage + TV Never see this kind of Boss / Management ! Like a Day Light Scam ....Shame 5X . Blame the BROKE BOSS , Not the IPO
## BTW this is an isolated Case PARIAH IPO - just 1 or 2 in Decades
IPO in KLSE is horrible nowadays. Don't chase the new shares unless you have some sure news. Will drop even more as the contra players will dump just to get back some money. Otherwise it may get worse. Run now instead of waiting for it to slump further.
KUALA LUMPUR: Tri-Mode System (M) Bhd, which made its debut on Bursa Malaysia’s ACE Market yesterday, slipped as much as 11 sen or 18% shortly after the opening bell amid a more cautious sentiment following the change of ruling government after polling day last Wednesday. ---------------
It's acceptable ( OK ) , listing the IPO on the day right after the Election where BN lost Putrajaya ( Change Government )
!....Everybody THROWWWWWWWW.......Run for OUR LIVE like the End of the World ..it's OK - acceptable excuse unlike yesterday DISASTER KHJB
that why the managment / Boss can't let the opening price TO OPEN below the IPO price yesterday >> this trigger PANIC and SINKING mode till the closing bell ! The opening is very crucial @ critical for any IPO !.....
To Boss / management of future IPO >> .if BROKE @ No money & some more NO face + Think Skin then let your IPO open Below the IPO Price while you are ON TV live KNOCKING the OPENING GONG ( Drum ) with full of BIZ reporters around - SHAME 5 X !
Issued price was 0.43 and most of us subscribed at that price, but why would people sell at a loss when the company has yet to reveal anything about its growth or loss in the future ? The company is expected to have a strong growth as per the bank assisting in proposing the ipo.
that why the Boss / Directors can't let the opening price below the IPO offering price as happened yesterday >> this trigger PANIC and SINKING mode till the closing bell !
The Opening Price is very crucial @ critical for any IPO !.....
To Boss / management of future IPOs >> take Note.....
if BROKE @ NO money & some more NO face + Thick Skin then let your IPO open RED >> Below the IPO Price while your Boss are ON TV live KNOCKING the OPENING GONG ( Drum ) with sardine Packed of BIZ@Business reporters around - SHAME 5 X !
Kim Hin Joo’s IPO of 19 million shares to the Malaysian public was oversubscribed 7.67 times. The problem is Dato Pang, a substantial shareholder who want to cash out from IPO. We should shame on him!
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....
mar123s
117 posts
Posted by mar123s > 2019-07-08 09:11 | Report Abuse
A moment of silent for every non tech ipo....those ipo "sure profit" days are over...hmm