The news of the proposed private placement exercise seem to be diluting the shareholders' value further. The price recovery now seem to stop abruptly; there were no follow through buying at 16½sen in the morning session. The drift back south seems inevitable. Time to unload and wait on the sidelines.
surprise to see during MCO they are making money. No wonder. the copper price increasing. Not only copper wor. others like silver, gold, palladium and nickel also increasing. demadn from semicondcutor also there. macam yes.
Simple mathematics for value here. Cumulative first 2 quarters profit in 2020 is RM3.7million. That’s with one month MCO impact and before the higher prices for copper, tin and gold. Without the higher prices or normalizing MCO impact, RM3.7mill x 2 = RM7.4million. Current market cap RM77million. RM77million / RM7.4million = 10.4x PE. That’s cheap for a business, whose selling prices have increased at least 15% over the last 3 months. The proliferation of commodities hitting new highs in the near to medium term is expected. There is value + growth here. Rare opportunity.
WOW, so many comments today, macam having a party today. Trying to collect more at 0.16. If the price moving north bound, congrats to those who have waited. Some nasi lemak for the patience
Lousy JAG now only know how to move. Let me stuck so long at 0.32. Even today know how to move you still lousy little shares. Make sure you can move higher break higher since I'm still betting on you, you lousy recycle rubbish punya share lol
Tomorrow morning , I think there are very likely some contra guys will be taking profit by selling this counter shares ; tomorrow Q at lower prices are safer with holding power if you are interested in.
China Economic Rebound Pushes Copper Prices to Multi-Year High The industrial metal, seen as a proxy for global growth, has surged on stronger demand and low inventories
Copper has countless industrial applications and has seen a strong rally this year. PHOTO: TPG/ZUMA PRESS By Will Horner Oct. 22, 2020 9:28 am ET SHARE TEXT Copper prices, often seen as a proxy for global economic growth, are hovering near their highest level in 28 months amid mine closures and strong Chinese demand.
Three-month copper futures on the London Metal Exchange, the international benchmark, were trading at $6,910 a ton on Thursday. The industrial metal had hit an intraday high of $7,034 on Wednesday.
Anyone who has been here since pre-consolidation will realize that 19sen is still dirt cheap price equivalent to 4.75sen pre consolidation price. Many bought in around 24 - 32 sen range so this is a fantastic opportunity for cost averaging. Keep holding on to our shares and hopefully it can fly tomorrow!
Contra people gone already. Took profit, queue back 5-10 sen lower. Volume still good. Still cheap at less than 20 sen. TP 0.240 pre consolidation cost. Going all in because spoke to people in the company. Very, very positive vibe.
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....
Andrew62
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Posted by Andrew62 > 2020-10-20 22:15 | Report Abuse
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