Trading Volume - here is 338,829,500 (the number of shares)

In the Historical/Prices KLSE Screener mobile app, the 'Vol' stated 3,388,295 (means the number of lots).

So, this volume has different meaning, should be standardized in wherever, instead of the number of lots in one reporting and total number of shares in another media.

Alex, my own lesson learned, if the person loss lesser the he has made, it is very good already, still got profits, very admirable because they are actually not many such guys, given at any season, does not matters whether you are skillful or not that skillful. Is the Jaks big investor skillful?

I was already in the market when Riverview was trading at RM100 a share, about the same time when a minister said "Don't say we did not warn you?", then the market crashed. Index then was 1,300 only.

I sold MYEG recently just before it was suspended on the later of that day at RM1.07 , after the suspension, it went as high as RM1.30 or more. Friends have said "I have no balls". Could have made more.

GENM case, I made some, from RM3.06, i sold at RM3.16, and it went down progressively. Did i have balls?

Friends said we need skill not luck but i think we need both, when looking at those events that were happening.

New person enter the market today for years to come, may not be sure making profit in future. Otherwise, friends can no need stay as an agent but buy all the can and earn more from even contra profits than those commissions.

I can not be sure, whether MYEG will go down since they will relocate their GST resources to overseas. GENM will suffer if the QR is a loss one.

To me, i need more luck.

2.94, 2.95, 2.96

2.92, 2.93, 2.94

2.91 , 2.92, 2.93....

Buyers > sellers, smoke finished blown away & the dust settled on the ground. Can't be going down 2.70. 2.60. 2.50? Madness?

Yes. Is like a casino, profit or lost. Such is the market capitalization..billions of dollars..but billions being wiped out.. evaporated, but in the casinos, cash & chips are on the tables. We need to overcome this type of fear..

You can not be going down 2.80, 2.70, then 2.60,...cheap sale is over soon. I hope. If you are the founder's son, with such huge companies, i think you have a way..

Lost 5%, is killing

Please qualify in the Annual Report.."the Building/Plants that acquired during the IPO some some years ago, now according to numerous Real Estate agents in the town, the current market value has ballooned until RM........." Then the ordinary shares will shoot up, monetized your assets, no need bonus issues, nobody interested in those immaterial dividends..

If ever you got a public listed company, please make sure that having a simple majority (51%) is not good enough. Buy back the shares from the open market whenever there are profits generated, do not issue dividend or issue bonus shares via revaluation of plants & machinery. Don't even say got reserved profits but there is little money in the bank account. Those share in the hands of some nasty fund managers can give havoc at their mercy. Corner the shares, consolidate the shares, reduce the shares issued, make the Balance Sheet strong then it is called a jewel company.

Another 40 men came in.

Buyers more than sellers, 2.85 got 160 men, 2.86 got less than 10 ladies, keeping selling. Is like a war zone.

Look like no one is willing to give in to the buyers' price.

When sold out at 0.38 , the buyers parked 500K units. The moment it sold out at 0.385 , the buyers parked another 500K for the same price.
At this morning's price, it is very attractive as compared since almost a month ago. I made a right choice, bought some.

Almost 248 million of shares transacted. How many individual has got so big quantity to sell? The Funds are dumping? GENM is suing and it is not the opposite. Should it be so severe the consequences?

There were more than 800 buyers/trades at 3 different prices whereas the sellers/trades got less than 70 at another 3 different prices. The sellers/shorties are battering the buyers or intentionally to suppress the prices.

The board lot regime should be done away with. Let the people buy 7 shares or 15 shares because the share value is so good like some very profitable companies. Reduce the quantity of shares issued into the open using share buyback program, consolidate the shares such as 10 shares become one share (RM0.10 par value become RM1.00 par value). For example, ten shares cost RM200.00 (the good bank's share market value is RM20.00 a share), tomorrow that one consolidated share will cost the investor RM200 a share, fine, let us buy 5 shares, no regime of board lot should be applied. Think for a moment, If you encounter shares like Facebook or Warren Buffet's company, how many board lot can we buy?

The company's financial year end is on 30 June each year. The copy dated 30 June 2017 can be viewed at Bursa's website. What about the one dated 30 June 2018? Little while later the QR dated 30 Sept 2018 also due for inspection by the public.

Capital raised as recorded at the published account is RM360,630 million. At RM0.10 per share, just like many other counters, MYEG has got 3.6 billion of shares issued. Too much.

A better company should be the one that would not necessary pay dividend yearly. Instead, the company will use the distributable income to invest or reinvest to strengthen the Balance Sheet of the company.

The another strategy is the share buyback scheme that can reduce the number of issued shares which are circulating in the market. As generally understood, quantity very likely does not come with quality so limited quantity can enhance the value and the demand for the company shares.

There are more disadvantages than advantages when the shares of a public listed company being priced at RM0.10 a share even during the IPO. The reason is the huge volume of shares which are in the hands of the investors can dampen the value when they have plenty of shares to sell at one moment or another. Also, it is not easy to maintain or support the reasonable market value by the interested parties whenever there are plenty of shares to be absorbed.

On the other hand, the regime of doing away with the par value practice and the authorised capital are just not justifiable and necessary.

Why not standardise the par value of each share to one Ringgit with a guideline. Imagining the company got billions and billions shares being issued when the capital raised was only RM100 or RM200 million only is just not giving much benefit to the market.

Maybe MYEG got too much shares in the open market and the disadvantages are just too prevalent. Almost 10 Million of shares were bought recently by the company with the effect of reducing the quantity in order to to create the quality.

bouyant.

The government announced the higher rate of tax for the casinos last Friday. Yesterday, following the announcement, the value of the shares for GB and GENM were reduced so much even from the morning.

Likely, the "shorties" may have started the selling deliberately and taking the risk of "sometime not able to" cover back the position at those lower prices. Naturally, this is not a case where the founder started the selling so to show the displeasure to the government. The business is as usually and on going basis.

As for GENM, if the "shorties" have managed to cause the price immediately/eventually dropped to RM3.18 within the first hour yesterday then those "shorties" must have suffered huge losses. This i is because the price have recovered until RM3.61 at the closing. At yesterday's closing, the were more than a million of shares buying for RM3.60 a share. Effectively, the shorties have caused a golden opportunity for the rest to buy at a price which is much lower when comparing to last Friday's price (RM4.54). Together, there may be many innocent sellers who have been panicked and decided to sell hurrily like the shorties plus those due on yesterday morning (T+3 suffered seriously). On the other hand, there were many buyers as well especially those who considered this chance like a cheap sales and better do not miss this golden opportunity. From the price movement, it appeared that there were signs that even the price itself wanted to be restored (Another example, GB price was as low as RM6.35, moved to RM6.72 the to RM6.96 (it moved up continuously from RM6.45 , a range of RM0.50) but retracted to RM6.74 as closing. Is only reasonable to say that, even the shorties have been panicked regularly throughout the day.

Don't be shocked that many would have sympathized with the founder/business owner when under such circumstances. It is not his/her fault at all but the wealth was reduced by such a big amount overnight. As an innocent business owner, he/she would definitely wanted to see the value of the company's shares to be restored despite of the tax guideline alone announced last week.

I only guess that the price should be stable and improving. I guess.

RM2.45 sold out.

RM2.44 now , got a bit of roadblock at RM2.45

10OCT got sign of short selling - lowest RM2.03 / highest RM2.48 and closed at RM2.07 Next, during the first few minutes on 11OCT Thursday, it was traded at as low as RM2.00 (attempt for suppressing the price was very clear and continued from the day before), hope to cover back the position at a lower price, but share price moved to up, as high as RM2.33 within the first hour. You can know the purchasing power was from institutional ones. Short selling was not winning in this case. Last Friday- the short selling was not prevalent but rather the support for RM2.35 was very strong & frequent, and went as high as RM2.41 during the first hour.

On 8OCT, 4 institutions reported that the last price is RM2.35 with Kenanga said that the TP is RM3.25, Public said RM3.00 and on 9OCT - last price also RM2.35, AmInvest upgraded from to HOLD and MIDF said BUY with TP is RM2.78 ALL said last price, RM2.35 , is same as last Friday's closing price. What an accurate estimation! Then if only on the 10OCT or 11OCT we were guided by these informations in this Forum, we would bought more, got at least 5% lower than the last closing price. Come tomorrow, price likely to improve further with the support from EPF and the positive development from the political side..

By taking a closer look at those prices (closed, lowest & highest)since the past Monday (that historical day), it is reasonable to say that there will not be any incentive to do short selling activity over this counter anymore (remember how the Funds have rescued the shares from being sliding further?) or any illogical understanding that profit taking attempts are impending (on coming days). Even at the lowest price of RM2.00, it only happened over a short moment in the morning on 11OCT2018, likely not many are still keeping to take profit on coming Monday. The institutional Funds' activities over the past few days had basically calmed down the unreasonable price behavior of Gamuda. I would like to believe that the price had being stable now and would likely to improve further.

EPF acquired 2 Million units on 9 OCT 2018. On that day, closed at RM2.36, highest RM2.50 and lowest RM2.36 so the average price probably paid by EPF was RM2.43 only. Those subsequent days also appeared to have support from certain institutional funds. EPF will gain if the price continue to improve.

Remarkably, the parties which have a mission to support the pricing as displayed by the movement of the price up yesterday managed well. So, the suffered losses ones could exit with less bruises. Understandably, the shorties have had their medicines clearly. The best doses prescribed were during the last few minutes before the afternoon session ended in which the price was whacked all the way up quickly until RM2.38 already. Worrying that the price may increase even further after the lunch time, these shorties looked covering their positions as high as RM2.38 but somehow the share price closed at RM2.30 only. In a way, shorties were caught at RM2.39 also. Maybe the instituitional funds like EPF was competing with those short sellers.

No road block, all the way

Victor, arrived at RM2.30 already

Passed RM2.25, waited so long, now go up ..

From RM3.21 on Monday, went down until RM2.07 today. Lost RM1.14 which is 35.5% already. Tomorrow is the settlement date for 932 millions of shares transacted on Monday.

The Offer that had closed 4 June 2018, i referred to Bursa's website, ICT Innotech Sdn Bhd (together with Mr Ooi & Mdm Phor who were the ULTIMATE offerors)have offered to acquire the remaining Shares & Warrants which were not already held at RM0.58 & RM0.01 each respectively.

It appeared that this corporate exercise did not go through and the golden opportunity for the Offerors was not materialized.

The parties which may have disagreed with the fact that the company will be taken private ultimately could be even the minority shareholders if they have thought that the said takeover price is too low.

Lately, the movement of the prices have caused the Warrants went as high as RM0.89 a unit besides the appreciation of the OS value. Who has caused such a height on that historical day? The intention was, as i see, was to prove a point that the value of this Counter is not as low as prescribed inside the Offer in the takeover by a private limited company ultimately.

So, what is the reasonable value for each OS and Warrant respectively today?

There is a conflict here. One side you have a group who had preferred that the value to drop/not going up (to justify the prices in the Offer) AND another group (those Funds, investors, retailers, ikan bilis-bilis) who usually wanted the Counter to reflex the reasonable price or a price that as mentioned by those Analyst.

As time passed, even without the takeover, i believe both groups will gain when the value appreciate further as supported by good profit in the Balance Sheet and from those recent QRs.

I read those two replies by Mr Alan. His funds have benefited from the daily spread of fear in the Forum. It is still taking place in many other forums e.g.... there still always one or two guys have been habitually spreading fear ever since both whether sunny or rainy.

With the few essential factors in place already, the Funds can affect the price to the detrimental of the retailers. The said tranches of shares disposed hurriedly by a party or parties are not related to his Funds as mentioned. So, from the effect of that sudden sell-down, the Funds had bought to support the pricing and most important is beginning to establish the strategy to acquire more shares even days later by making the price to go down further then making the average cost of their total investment in this Counter still lower than the current market value.

Off market deal - transfer 10M Warrants to a fund raiser at the said price, maybe a friend lending RM2.1 M for a short term. The money could be used to convert many Warrants into Ordinary shares which is entitled for Dividends and voting Rights. Some relatives/friends really can help. Must pay some lending cost.

Take MRCB Warrant C32 now RM0.075 per unit as an example - Conversion Price is RM0.80 (Expiring 28FEB2018) but the OS price is RM0.72 only. Meaning, it is cheaper to buy the mother directly. You don't need those warrants now to get the Ordinary Shares.

Perak Transit - OS is RM0.29 per unit, the Warrant is RM0.13 each unit and the Conversion Price is RM0.235 only. Those Warrants are terribly over-valued unless the OS price can become RM0.365 anytime since months ago.

As for VS - RM1.73 less RM1.32 = RM0.41 only (the Warrant price should move at least in tandem with the OS price).

RM0.41

Do not be shocked if the Wr price will be opened at RM0.41 tomorrow morning when the mother's price is not coming down.

Yes.Expired warrants are of no value. Must convert before the expiry. If you feel the OS price is (bouyant) around RM1.80 or higher just before the expiry, then buying those warrants now to keep them for conversion is really profitable. This is because your cost for each unit of OS is RM1.695 only.

Warrant expiring on 6 Jan 2019. Conversion Price is RM1.32 , + Wr Price RM0.375 = RM1.695 // Still cheaper than RM1.73 (the OS price). The Wr Price should be RM0.41 only (RM1.73 - RM1.32).

succumbed to attack..sad

if OS is RM1.50 , then the Warrants are costly.

Direct interest is the ownership under your personal name. Indirect interest described as owning the shares via a vehicle as your company which may be solely owned or jointly controlled with your spouse, family members or friends.

SECRETARIAT the greatest race..

last lap to 1.05

1.03 soon

Warrant is still under-value. With half the price of the Ordinary Share, one can reap the same rate of profit (each jump).That's why many investors do not mind to buy the Warrant. Anyway, the Warrants only expiring on 30 March 2021. Got another 2 more years.

Ordinary Share is RM1.75, Warrant Conversion Price is RM1.00, 1.1 X RM1.75 = RM1.925, RM1.925 less CP (RM1.00) = the Warrant should be RM0.925