IPO shareholders still have around 31% of paper gain btw. For geotechnical instrumentation and testing service, it's projected to grow at CAGR of 10.38% to reach USD 131.19 billion by 2030, so still got big potential for the company to grow
GLXT Shares issued = 407.041 M. Shares held by major shareholders + directors (under 6 months morotarium cannot sell) = 284.93 M (69.94%). Shares offered for sale + private placement = 122.111 M (30.06%) Shares traded/dumped on Day 1 = 308.191 M (75.71%).
Shares traded/dumped on Day 1 = 2.52 times the maximum shares that are available to be traded. Don't know where the extra shares come from?
@spider68, in this market there are many day trader, and many remiser that working for bosses. For example, day trader can buy & sell the same counter for many times during the day, as they are aim for 1-2 bid gain only. They can buy at 30sen, sell at 31sen, then buy back at 27.5sen, sell at 28sen, then buyback again 25sen, sell at 26 sen again..... so, if assume each transaction is 1mil unit, the same 1mil will be transacted 6 times during day, so the volume will be 6mil shares transacted, but actually only 1mil share is moving in the market.
@LeeYingYee...Interesting question. Who told you Bursa is the place for the youngs like yourself to invest? To me, Bursa is a Killing Zone, if you know what I mean
Ha Ha Ha, finally one Sifu got it right, now new high rise, heavy construction like highway, bridges, LRT, MRT all will need it's services due to safety and insurance assurance as stipulated by the Authorities not only in Malaysia but in International arena too. It might need to take some time before it's value is. ........
beyond repair this construction IPO many burnt to dead rat Better focus on TECH IPO , Pawn financing IPO Pawn financing PPJACK from 30 sen now to RM 1.00 ++ liao $$$$$
On the surface someone had already dumped 1.1M shares on the 1st day of listing @ RM0.65 + RM0.567. As to whether other major shareholders + directors were doing the same thing, I really don't know.
Somebody has to make money & it begins tomorrow, which is a Good Friday... My advice Don't contra loss at half sen on the same trading day. Never, also declare yourself as a Contra-loss Champion. Buy according to your means
this is low growth construction IPO NOT TECH IPO ,Or Pawn Financing dow jone collapsed almost 300.... T + 3 - force selling is today be prepared for the worst Further BLOOOODY
not likely to go up in the near term as NTA is still lower than IPO price and upcoming QR may be weaker than the latest QR. suggest new investors hold and buy in only when the price is lower than IPO price of 19 sen.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
MichelleNg
1,031 posts
Posted by MichelleNg > 2023-08-16 22:28 | Report Abuse
NTA 12cents. Below IPO 19cents any time.