signn u think it will limit up?

lol.. so its finally gonna fly...

it looks like both the directors have centralised their share holding in a Valhalla capital account....

https://www.theedgemarkets.com/article/sc-seeks-industry-feedback-digital-asset-wallet-providers

hmm edgemarkets just release a blurb on digital wallet asset providers.. I wonder if it's a start to another round of media blitz

just out of curiosity did they confirm that the kendall shares and the PP went to the same investor or to different parties

well.. todays movement is a pleasant surprise...wonder if it can hold at the 0.65 levels..

volume at half day mark is a little over 14 million which is in line with last time volume falling to 28m the last time we had this dance

personally my read on current movements is that it's to shakeut contra players who anticipated a price rise from last week

anyway I think price below 50 by op seems unlikely as they would take a risk by selling at a loss in Hope's they could buy more at a lower price

ignore last 7 words of previous comment

I've even seen a period of time where the 0.05 buy queue disappeared..but noone is selling at 49.5 as such I would hazard a guess that if price does drop to 49.5 or below it would be initiated by operators speculate that if proce does drop b

I have noted at least 3 times today... where there was less than 12k shares on the buy queue at 50.. but price actually does not fall to 49.5 for any meaningful period of time... it looks more like operator is trying to entice sellers

hard to say... I've been monitoring the price today and even picked up more at 50... have to say price is dancing on an knife edge..

I wouldnt not be surprised if it turns out to be 70m new shares being issued to round up the 30m sale of ccp

oops I meant extra not messages

I am guessing that it should be less than 100m and then the PP proce will be the kicker for most of us... will they allow price to go below .50 so can PP at a lower price or will they do the usual and buy all the way to 66.5

any idea on exactly how many more messages shares will be issued post EGM... it is one of the proposals after all.

theres an announcement for revision on circuit breaker rules for the components of the KLCI

anyone else in here thinks the "technical glitch" was sc and bursa stepping in to prevent TG from taking down the index along with them

@signin and @soonli sorry if it's a little late. but you can try google searching kiplepay merchant fees its @2.5%

hmm haven't been monitoring GP lately.. mostly becuase I don't expect much to happen in the short term. but looks like the threads as active as ever

@meteor it would be funny for all of us.. if the new shareholder ended up being the guy with the petrol stations and schools

@mrbusiness

Oops I missed that it was for primary schools.

Ok will re-edit with the quick facts from MOE 2019.

1298 chinese schools enrolled 522,283 students.

Averaging around 402 students per school.

Also cut monthly expense to RM 50 per month for food and snacks (although this feels like 90's expenses)

50 x 402 = 20,100 per school per month
20,100 x 500 schools = 10,050,000 (monthly)

1%-3% pa of 10,050,000 will earn around RM 275-826 daily.

I am leaving aside the hardware costs because I realised my estimates are way too high.. does anyone have any idea on the cost of kiplepay facial recognition system..

I mean the basis of the system is facial recognition... so I wouldnt be surprised if the wallet was linked to their face

@mrbusiness... whether or not school kids are allowed to take mobiles is an ongoing debate...however I dont think it will be a problem in this scenario

@Striker90... bored lah... i fell asleep around 4pm so wide awake now..
First time i actually looked at a 1 minute chart :P

@Agjl.. actually your fears may be a little misplaced in this context. While i do understand that free installation of the products could harm the immediate bottom line. I do not believe it is applicable for the digital wallet sector.

First up, Schools and College are generally a smart entry point for these kind of products because kids have a high adoption rate for this kind of tech. Furthermore, College kids make up the consumer group who spend crazily on "non-essential items".

Now allow me to address your concern as to why this is probably not going to hurt their bottom-line.

If the e-wallet becomes an option for 500 schools then that would mean there are about 908 users per school (i am using MOE information for 2018 on number of regular secondary schools = 1,982 with total enrollment of 1.8m students.)

I have no idea how much school kids need a month for food, but i will assume RM 100. So, that's about
Rm 90,800 per school x 500 schools = RM 45,400,000 every month being topped up

Now one reason why i always find e-wallets model interesting is that this generally puts the company in a state of High liquidity. As its basically us giving the company all the money and letting them monitor us issue IOU's to each other. All of them allow money in very easily but the cashing out the IOU process could usually take 2-7 days.

In the meanwhile, they will keep earning interests on the deposits.
1%p.a for RM 45.4m would yield about RM 1243 per day as interest. And i am sure that they have a higher range of products available to them to yield much better rates. Furthermore for schools, it seems more likely they would follow a pay out once a week or once a month schedule.

Anyway, even if we assume that each school costs around 50k to install hardware. It is very likely that the installation costs will be covered by 2 months of interest from the schools Kiplepay usage.

On a side note:

Let's not forget that i calculated the minimum spend for 1 month of food at RM 100 but there is usually a tendency for majority of people to top up more money than they actually use.

How many of us are sitting around with excess moneys in our TnG, Grab, Lazada,Shoppee,Boost with no idea how to spend it because its too small to buy anything useful but too lazy to top-up the difference.

I believe digital wallet companies have taken the above fact into consideration and a percentage of all monies coming in are set aside for their own investments.

Hmm looks like i was only partially right about my earlier prediction. Only managed to reach a high of 0.675 before falling back. I thought momentum was enough to touch 0.68.

What i did not expect is that the operator would not intervene and further drive the share price to dip below 0.60...

If you take a look at the 1 minute chart you can see from 10.30-10.33 a huge volume was dumped in those 4 minutes bringing price down from 0.63 -0.60 (I still do not think there is enough volume in retail traders hand to drive such an action). My opinion is that most of these are the shares purchased the day before from 0.50-0.59

I also suspect that trades executed at 10.36, 10.39 and 10.58 were by the same operators as they are anomalous in nature.

The average up-tick and down-tick for GP is half-a-sen but these three involved an entire 1 sen downwards movement. Volume traded at these time periods also supports the hypothesis.

The reason why i find this of interest is because the trade at 10.58 was to sell down to 58 and i believe this is the new support line... at least in the mind of operators..

If operators do not make a move.. the price will likely trade in the 0.58 - 0.605 range in the short term (3days-5days).

@michaelwong.. that has to be one of the most reasonable questions I have ever seen

Btw.. this hasn't been discussed much but if you look through their products... you will find a whole bunch of 5g ready devices... any idea on their scope....leaving aside the digital banking license... 5g was all set to be the hot button topic before pandemic took over and we all suddenly became healthcare/rubber glove gurus

@soonli... also you may wish to consider a significant amount of shares being bought today being in their control... dont forget the price jump in share price was far from natural

As for the transactions I believe it's an old favorite trick of GP.. check their shareholder history and you will note a long while ago various entities of OSK were shareholders and their disposal timeframe pretty much reads like a game of hide the major shareholder :)

@soonli lol.. looks like u were quicker

Today's price was quite defintely done by operators.. for tomorrow I don't expect them to support beyond 0.66...

If operators don't act to push beyond 0.66 then
Today's momentum may carry over to around 0.68 or so... and then gradually fall back down to around 0.62.
I suspect price will be trading in the 0.62-0.66 range.for the short term... with operators occasionally stepping in to prevent price fall below 0.60.

If they do act then it will be in the 70s by end of day trading in which case I see little benefit for them boosting it beyond that level (I.e 80s etc)...

If it does happen then we can be assured to be back in the 50s in another 3-4 weeks.

My assumption is based around the average price of 0.66 for kendall and the PP as well as CCP disposal at 0.65... furthermore, share price has magically managed to reach the same level as that of their average entry point. I believe price would be allowed to grow organically after this step...

Another point to keep in mind is that CCP had purchased over 20m shares for an average cos of 0.62 or so. Turning around and selling it at 0.65 would not make much sense unless he could obtain greater indirect benefits. Let's not forget the amount of capital needed to drag the price down to 0.50. All these indicate higher expenses than what he sold for and basically alot of work to barely break even?

Personally, I don't really hope for fast price increase.. as it just means the operator has accumulated a lot more shares... and that makes me more nervous.

@good123.. you know if it wasnt for your habit of reposting entire articles/price history... you do have a lot very good insights on share price movement...

tomorrow market should be an interesting day I think...

sigh dont know why my sentence got cut off.. as I was saying we are going to head into an era of M

@agjl.. agree on your sentiments especially in the e-wallet field.. we are going to soon see M

@syazmat.. I saw good/victor in dbe yest.. just let him be.. since I entered positions there @0.025 ages.. it's a quiet thread so no harm for him to tall to himself.. vic says something.. good answers... good question something ... thenbvic answers... oh well

sorry for the crap style of writing.. using the mobile app and two lines are all I can see.. the rest is a hope that auto correct doesn't screw me

*naturally settles in the 55-58 range with a bias in the up direction... so without another effort from operators its unlikely we hit 50 again

I'd set cut loss around 0.62 just in case so profits are secured.. there should be quite a few trapped in 65-75.. as for bottoming out to be 0 I suspect unlikely.. the price naturally sots in the 55-58 range

hmm if we use the 2 PP as the indicator range for price then... there should eventually be support @66 ( /-2sens)

@mrbusiness..yep thanks...

*the uptick..... at least the word digital will be in the name :p

asb79.. this is probably good thing... most info about the company is still as fabric manufacturer...so we have basically avoided thebuptick movements of tech stocks

@Agjl.. well I managed to enter a few scalping positions so that was a bit of fun.. I'm curious once it runs out of momentum ... how much do you think it falls back to.. high 50s or low 60s... the stocks has not had much time to consolidate at this level

this may result in a good boost for our tech stocks...

looks like I was wrong with my above estimate of DJI... they shrugged off the covid infections this round and got influenced by asian markets booming