All in all the qtr result is not bad all things considered. Div for whole 2022 at 5% already. Short term traders of course as always more depended on timing vs the performance of the company.
Is just 2 different poisons / beasts of your trading choice.
interesting that Malaysia's 2 biggest banks have buy calls on this relatively small stock yet on good dividend announcement and fair price people sell. I will never truly understand the mind of traders on bursa
Intraday or swing traders only interested in an ongoing 'cheong' counter. Now Innature is not in a high gear yet. Only institutions and serious long term investor are trying to nibble a bit here and there collecting slowly now.
@chkhooju, I think your understanding of the free float issue is wrong.
The public stock spread issue for Innature that bursa gave till 29 March to resolve is TO RAISE to the MINIMUM of 25% spread per bursa requirement. Currently the spread is around 20%+-.
So, I don't understand your statement of ........'Float now below 29%>'...............28%, 27%, or 26% are all below 29%, but meet the bursa 25% minimum requirement....pls do tell if I misunderstood your understanding
ohhh btw, just to help you all understand the big picture ........Datuk Simon Foong basically own around 75%, Prudential around 5% .......of course don't enough to meet the bursa 25% requirement......currently Innature is seeking bursa why Prudential's holding not considered under public spread (private investment vs under fund investment - hair splitting????).......
Then again, you can't just ignore the elephant in the room right - the 75%+- holding.........
clarified my typing errors, it should read below 20%> Its float is slightly more than 19%> only. Neither the Foongs or Prudential will sell it down to materialize the stipulated float.
seen like they give dividend to cover those shareholders who bought 0.68, breakeven the cost and sell its back to them. is this one of the reason that they are pressing the price?
Not 100% sure because TBS Malaysia (InNature) is using local suppliers and formulas approved by TBS UK. There might be some benefit from CPTPP but as to what it is not clear. I do not imagine it will have any impact on the products available or where they are sourced. Good question to ask them really.
price can jump down 5 bids and jump up 7 bids mean they are playing, trying to flush out contra players who bought 0.560-0.585, and already give chance to let them sell but still not sell, now all suffer loss
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....
ossanluv
8 posts
Posted by ossanluv > 2023-02-24 11:04 | Report Abuse
All in all the qtr result is not bad all things considered. Div for whole 2022 at 5% already. Short term traders of course as always more depended on timing vs the performance of the company.
Is just 2 different poisons / beasts of your trading choice.