Potential undervalued stocks must have choker to kickstart the game. Failing which the game we'd be short lived and fissile out quickly. Owner must take an active role
Icon8888, just wanna exchange info with you. Just looked into this counter and noticed something - have you noticed that the MD and the directors have been throwing a lot recently?
I am not surprised he sold at all. Chee Wah has been stuck at 40 sen for many years. If he thinks weak RM won't last, he might want to cash out. Selling now will make him 200% richer than he was few months ago. I think it makes a lot of sense to exit
Thanks Icon. I actually saw the above article too, but the cross trade date was much earlier according to the edge (22th Dec). The selling has been quite aggressive esp recently.
You have a point, but I like to put myself in the director's shoe. It don't make sense for him to sell now: -First level thinking - Director has earned enough to exit now. -Second level thinking - Cheewah's revenue is seasonal, with Q1 and Q3 being weakest. However Q1 is already equivalent of previous year's earning, imagine the further upside in Q2++? Plus after so many years, Cheewah finally turnaround in 2014. Isn't it a little too early to cash out?
Either way, I don't know man, I'll just put this in my watchlist and KIV. See what's going on. I did noticed something on the cash flow side - sudden jump in capex.
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