The share price is still below the price that Australian bank Macquarie paid for the private placement at nearly 72 cent, meaning the bank values the company more than 72 cent to justify its investment
MCO 3.0, factories closed. Effect June sales. With Covid cases & death so high, MCO might get extended. Quarter 2 2021 results will be bad. Sell first, keep cash. Hope later can pick up at lower price.
Shrinking company. Last 3 years ago, commented buy land in Thailand to build factory to diversify products. What happened to the price now? Worst than pte pandemic price.
If I am not mistaken, the Thailand plant will start operations this year, 2022. Maybe that is why Quarterly report said, "Barring unforeseen circumstances and assuming global pandemic of Covid-19 does not worsen, the Directors anticipate the Group?s performance for the financial year 2022 to perform better."
Price down because of supply chain disruption caused by Covid (chips and others) & Russia Special Operations in Ukraine effecting felt division. Cars and air-cond has many parts, if 1 part no stock, entire air-cond and car cannot be made. This will cause a dip in demand for felts as total required parts for production will be less. Heard demand from automotive segment severely effected. We will have to wait for next QR.
Good time to accumulate. Once issues have been resolved, and they will be resolved sooner or later, price will go up.
These are my thoughts......anyone have other opinion?
Ocncash is very light counter, if big money want to push up, easily can reach 30% in one day. consistently +ve earning every quarter, despite laggard compared to prlexus and caely. so just hold lorr.
Caely so light counter also up almost more than 50% in this month ....Oncash drop 80% since last highest level without going up signal. Anyone earn money from this counter?
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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....
bclim_83
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Posted by bclim_83 > 2021-04-26 12:24 | Report Abuse
The share price is still below the price that Australian bank Macquarie paid for the private placement at nearly 72 cent, meaning the bank values the company more than 72 cent to justify its investment