GEM LIVE sdn bhd appointing LamboMove as its food delivery service provider to customers.GEM business of operating and managing “GemSpot”, the food and beverage booking directory mobile application with more than 8,000 merchants. GEM to provide the listing of the merchant’s location registered with GemSpot to which Lambomove drivers shall collect the food the ability to deliver the food to the customers on time and in good condition as the market arising from the COVID-19.
@sammmy what made you think so? Got any source of your opinion?
I did receive notification that there will be activity for Lambo next week, but they didn't specify what sort of activity / up or down / change in company etc. So I wasn't sure and I took it with a pinch of salt, didn't really take it seriously.
Look at the chart now. You will see they consolidate the price at 0.015. And issue esos. Top 5 of their shareholder sub it, and 66m of share is from their employee. ESOS issue is one of the way to reward their employee without spending a cent of the company. And it’s legal anyway. Hahahah. Actually last week this counter can fly over 3cent! But the operator purposely push down the price to 0.015
@sammmy I see, well that's a good point on this can be a way to reward their employee. But based on the figures, I'd say it's slightly unlikely that the company has enough employees to be spent nearly RM1m to reward / good enough to reward them considering LamboPlace is relatively new as a startup and have not gained enough growth or revenue to celebrate; Perhaps that is for the directors themselves and maybe small portion of it is for the rest of the employees.
But I do agree that the price has been pressed down by the operator recent times. I conducted a brief live queue pattern analysis with my colleagues to discover that despite having a fundamentally stable counter price and also volume, there was not much price movement.
Somewhat the above would justify the notification I received from the stock discussion group that this counter may have activity in the coming week, but again, I personally do not take it seriously, as I don't think there would be enough small retailers to push up if the operator does not allow it to happen. But again, looking at the past volumes, its hard to say.
This shows that many retailers took notice of this 'safer haven' of a penny stock and want to take profit from it. Based on simple logics, people would compare this company's net cash at 4 cents against the current price to buy in. Realistically the price would have been roughly 3 cents taking into consideration of the business. This is not even factoring the future prospects that is profitable / big fund investing in Lamboplace / they regain their IT contract. But the thing is, operator realize that too, and hence pressing the price to flush out the small retailers who does not have the time to wait and have FOMO.
These small retailers will result going to other counters to try to gain quick bucks, only to jump into another operator's / same operator's clutches. With the absence of fresh news on new contracts / revenue stream / revenue progress, it is difficult for the counter to pull enough retail investors to garner up consolidation for 0.015 to push towards a big break. So, it would be dependent on the operator to decide if they have collected enough to allow the floodgates to open. Essentially, they are the ones controlling the taps now since there are little to none external factors to give this counter a push.
Personally, I don't think this counter worth more than 6 cents at the moment, but surely does not worth less than 0.015, fair value would be at 0.03 in my view for now. But that's my opinion anyways, not a buy / sell call. Am not a sifu / promoter / detractor. Just sharing my views.
Hodgkin. Don’t worry. Nearly end of this year. Will have second crisis. Save more bullets for that. After the covid19 pandemic. The oil price will fall again and the unemployment number is huge in USA and Malaysia as well. Iets see.
hahaha, Hopes we can post some useful comments or articles here for sharing. Nobody can be so easily influence by just buy or sell call. They will also check with the writer credibility and history and accuracy of the posing. Happy mothers day to all mothers.
Hahaha, no need to feel scare and angry just because I posted minitec will falls from 0.29 to below 0.20. It is reality and don't need rocket science to know. Then follow me everywhere and yah ka......
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bullish
895 posts
Posted by Bullish > 2020-05-05 14:48 | Report Abuse
Time to look at COMCORP 7195. This company used to be above 1.00. Time to warm up and goreng up. Buy now and will turn into diamond