TheContrarian

TheContrarian | Joined since 2016-04-28

Investing Experience Advanced
Risk Profile Moderate

I buy when the majority are selling, I watch when the majority are buying, I sell when the majority are getting excited!

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9,497

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Summary
Total comments
9,497
Past 30 days
121
Past 7 days
16
Today
0

User Comments
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2021-06-20 09:59 | Report Abuse

The NTA was around RM2, I think a group of minorities comprising individuals was holding out for at least RM1.50 The offerors reacted angrily after the EGM in an outburst interview with reporters and said something like there will not be another offer ever again.

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2021-06-19 18:07 | Report Abuse

A SCR was proposed at RM1.10 when MAA was trading at around 60 sen. After announcement the following day it went limit up to 90 sen and the days after went further up to around RM1.05. However the SCR failed at the EGM when more than 10% of the minority shareholders voted NO to the offer price of RM1.10 hoping that the offerors might revise the offer upwards. The offerors reacted angrily to the failed SCR attempt. My average cost of MAA was 60 sen and I sold the off all before the EGM at RM1.04 and haven't bought back.

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2021-06-18 10:20 | Report Abuse

SSlee, follow Mikecyc buy Insas at 0.79 and then exit at 0.91 within 2 weeks.

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2021-06-17 23:59 | Report Abuse

It's not a safe bet because there's no guarantee the SCR will succeed just like what happened to MAA a few years ago because it takes only 10% of the non-interested shareholders to vote NO for the SCR to fail.

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2021-06-16 14:13 | Report Abuse

Tortoise not been fed enough kangkung.

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2021-06-16 13:22 | Report Abuse

@ Sslee, this Mikecyc is actually an intelligent investor. He quietly buys low and quietly sells near peak.

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2021-06-15 19:09 | Report Abuse

Congratulations to Mikecyc for quietly buying Insas at 79 sen and then quietly selling off at 91 sen.

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2021-06-15 19:05 | Report Abuse

Owners of 2 shares will end up with 3 shares plus 1.5 new warrants.

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2021-06-15 11:55 | Report Abuse

Feed the tortoise kangkung.

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2021-06-10 19:48 | Report Abuse

Bought at 4.5 sen today.

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2021-06-09 10:04 | Report Abuse

Export contributes much greater profit margin. Domestic selling price within Kazakhstan is set low by the Kazakhstan government.

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2021-06-08 23:22 | Report Abuse

Source is the Ministry of Energy of the Republic of Kazakhstan, haha.

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2021-06-08 12:52 | Report Abuse

Bought at 71 sen this morning.

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2021-06-02 20:06 | Report Abuse

Got one month automatic extension to report QR due to Covid-19.

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2021-05-29 19:01 | Report Abuse

Pensonic and Prolexus look promising.

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2021-05-27 20:19 | Report Abuse

Cepat already reported QR a few days ago.

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2021-05-27 20:18 | Report Abuse

Pensonic has smallish free float.

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2021-05-27 20:15 | Report Abuse

10.52 sen per quarter, annualised will be 42 sen.

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2021-05-26 15:07 | Report Abuse

Hold until KYY blogs to say Pensonic is underrated.

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2021-05-25 15:48 | Report Abuse

Bought back at 72 sen.

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News & Blogs
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2021-05-13 21:01 | Report Abuse

Problem is WC isn't in a hurry to privatise despite owning close to 75%.

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2021-05-12 19:24 | Report Abuse

aklobi, need to diversify into other counters.

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2021-05-12 07:11 | Report Abuse

Not yet buy back.

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2021-05-11 18:17 | Report Abuse

I am back!

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2021-05-09 18:20 | Report Abuse

In December I sold off all, first round for 30% gain. Then in March I bought back @ average price of 64 sen. On Thursday I sold off half, second round for 32.5% gain.

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2021-05-09 16:19 | Report Abuse

@Sawadi, yes, if you consider one lot as 1,000 shares.

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2021-05-09 12:45 | Report Abuse

On Thursday I sold half @ 85.5 sen. Good luck to all those who bought from me.

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2021-05-08 21:47 | Report Abuse

Free float is 57,643,000 shares.

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2021-05-07 22:39 | Report Abuse

Privatisation via SCR at 90 sen.

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2021-05-07 16:08 | Report Abuse

Already sold half for 32.5% gain yesterday, still holding half.

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2021-05-07 12:58 | Report Abuse

Sold off at 89.5 sen, thank you for the 35% gain.

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2021-05-06 17:16 | Report Abuse

Still holding half.

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2021-05-05 21:11 | Report Abuse

Year 2000 was 21 years ago.

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2021-05-05 19:44 | Report Abuse

Should I continue to hold or sell tomorrow for over 30% gain?

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2021-05-05 19:27 | Report Abuse

If closing price is at 20 year high, then every shareholder is sitting on unrealised gains.

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2021-05-05 17:16 | Report Abuse

Finally 82 sen, great day.

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2021-05-05 13:20 | Report Abuse

Still holding.

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2021-05-04 17:09 | Report Abuse

Still holding.

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2021-05-02 19:32 | Report Abuse

U r welcome.

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2021-05-02 16:23 | Report Abuse

The warrants are not free. The issue price of the warrants has not been fixed yet, the indicative issue price is 3 sen.

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2021-04-30 18:51 | Report Abuse

Still holding.

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