Copy and refers from Bursa King Cross: https://bursakingcross.wordpress.com/2015/12/01/wintoni-group-yap-group-in-battled-sea-would-chart-wise-technical-rebound-helps/
[Kuala Lumpur, 2 Dec 2015] : Refers back to the market research report "Wintoni - minorities demand SC action on SP Setia and EcoWorld big wigs. Share collapse 29%" (source: http://klse.i3investor.com/blogs/bursakingcross/87288.jsp), Wintoni today rebounded from 6 cents to 8 cents in moderate volume traded. The company had drop from 16 cents and tanked over 65% to 6 cents in just 5 market days. Would such positive trend last ahead of Bursa rulling which would suspend the counter by 8 December 2015, where series of unfortunate events happens since illegal hostile entry of Yap Kok Weng, the single largest shareholder of Wintoni.
Wintoni 3 cents or 30 cents? Worst, GN3 or delisting?
Wintoni Group Bhd [Code: 0141] may suffer illegal hostile takeover and lawsuit, it's still a contrarian counter especially for technical analysis followers. It's basically roller coaster fun fair the last 1 year, where share price shot from 5 cents to 42.5 cents, and subsequently shot down from 42.5 cents to 6 cents on 30 November 2015. Here are some software charts indicators for reading pleasure.
Potential Survival Plans?
Assume that the company did not goes down the drain with a GN3 or delisting status, and some clear business plan is carried with the support of majority shareholders by rushing through an EGM, perhaps some idea the shareholders could average down their cost if these typical exercises happens.
However, without going through the long process, some semi-legal way to take over the PLC may still happens to fulfill both Bursa Malaysia and stakeholders’ interest.
Summary:
Buying shares in negative and battled environment may suggest blood bath long position for the syndicates, especially fighting up hill. Unless there is clear business direction, Wintoni is simply too risky even for speculators. This type of market manipulation came with huge risk and reward, it's meant for brave hearts. If the syndicates long all the way up, it's a gambler doubling up the bets on poker game position. Gamblers always believe in outsmart the house.
Despite the damages caused by hostile parties, market generally wonders why the hustle to gamble such huge pile of hot money while many corporate dealings could be done peacefully and creates win-win solutions simply by negotiation instead of pumping up the minority investors blood pressure and rock the market directionless like mad cow. Perhaps this is the price for Wintoni controversial investors’ (Yap and group) illegal trespassing to pay for their wrong doing. If someone pays the ticket, just enjoy the show. The fans are expecting more surprises to come after 8 December 2015 chapter.
Lesson learnt - Face value is expensive. Do not try illegal trespassing, Malay says "kurang ajar"; ask for permission when enters someone's yard.
[Reverted Research review. 2 December 2015]
[tag: WINTONI, WINSUN, YAP KOK WENG]
Created by RajaAbdullah | Dec 07, 2015
Created by RajaAbdullah | Dec 04, 2015
Created by RajaAbdullah | Dec 02, 2015
Slavehob
Wild Dog trespassing your yard you could cage it or report bomba. Don't need to kill it even though you have all the rights and power gun shot. Report Bursa and SC to capture Yap and his friends, let them catch the big tycoon.
2015-12-02 21:36