Gapari, hardly go wrong, go check my comment for other stocks.
Jeff12, that's what the operator use to trap naive retailer like you. >.< , all time low is in front of you not too far away, could be today or next month
The management will do it in the form of private placement or right issue when they almost finish the fund they raised from IPO since this co has very high debt. High receivable also mean the having problem to collect payment which eventually may turn into impairment !
the selling pressure is extremely high, try to guess, ored drop 1month n selling pressure never subside , who is the seller ? :D Any other IPO drop like SWIFT ? If not the owner or owner proxy account, think about it. like I said, you may play contra but definitely not for investment, TASCO is the best choice if u like logistic, a well manage company.
now u know why I told u guys to stay away from IPO underwrite by AmSecurity ? not only IPO, those target price of existing stocks given by AmSecurity is always sky high, forever cannot achieve .
I remembered once there was an ipo known as hock seng leong with similar biz as senheng, From the very first day, the price dropped to less than rm1 in about 2 months time from an ipo price of rm1.60 if I am not mistaken. I managed to picked up some shares at below ipo, I can't remember exact price around 1rm coz this was more than a decade ago. I hold the shares but it kept dropping to around 60¢ before I got fed up n disposed it. Thank God, after not too long, the company went into liquidation n the share was delisted. Hock Seng leong had the same biz as senheng except that senheng is bigger, more organised, stronger fundamentally, n probably better management, that's why it can last till now n issued ipo whereas, weaker electrical companies had long closed down.
green no dump..... I;ve no comment. I only know this co will be in trouble in long run, especially when interest rate going up, with huge debt on hand.. go imagine urself
when a co go public listing, always read the propspectus very carefully, dont just listen to the bullshit by the owner, many company go public listing to cheat investor, issue IPO at high price and behind the screen selling ticket to unlock his capital.
They r selling without your notice beocz all these r using proxy account to sell, no announcement will be made, slowly sell down day after day, those trying to bottom fish got trapped again and again, haha
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....
roger3210
5,147 posts
Posted by roger3210 > 2022-01-26 16:42 | Report Abuse
tomorrow open red and break new low , continue drop until below 50c