Strong support already broken. Now let see if the last strong support at 0.085 can withstand the selling pressure. If also break then it is possible for mamak123 to buy at 0.04.
Looking at today early trade small amount throw at RM0.085 to cause panic amongst weak holders. Those who are serious in cutting loss would have done so at RM0.10-RM0.14 The large volume being thrown out on 8 July could be forced selling by some mini substantial shareholders who may have pledged their shares. Anybody who sold RM0.10 or lower would have lost money. Volume at RM0.085-RM0.095 are not substantial probably to cause panic amongst weak holders for those savvy to collect. If you read the fundamentals will not easily panic. Do not see CSY selling her stake. Still keeping VC tightly
VC yesterday released its audited annual accounts. Looks fine. Don't worry. VC will not go bankrupt. No justification to panic sell at RM0.085-RM0.09 when audited NTA is RM0.54
@mamak123 from my technical analysis price already too oversold now..it should rebound anytime soon..and when it happen it will happen fast and many will miss this price..so i think it safe and low risk to collect some now..but i hope im wrong because if reach 0.04 i will all in even the possibilities is very low.
I also see that the price will retrace up in anytime soon.
Plan to collect too
Posted by moremoneyooo > Aug 9, 2021 3:39 PM | Report Abuse
@mamak123 from my technical analysis price already too oversold now..it should rebound anytime soon..and when it happen it will happen fast and many will miss this price..so i think it safe and low risk to collect some now..but i hope im wrong because if reach 0.04 i will all in even the possibilities is very low.
Yesterday VC released the AR. Looking at the 30 largest shareholders CSY has 177,277,507 shares. The 2nd largest shareholder holds 14M and third largest shareholder only 8,850,000 . Apart from CSY no other substantial shareholders hold more than 2.1% There are 6,276 shareholders holding between 1,000-100,000 total 141,629,336 With such fragmented shareholders there will sure to be a number of shareholders who desperately need funds or facing margin calls will sell at any cost. This is the reason I feel why VC is now at its lowest price ever. There is nothing wrong financially with VC & will not go bankrupt as CSY has subscribed for 102M VC RI valued at RM17M If there is another substantial shareholder holding 15-20% of VC, the number of free float will be reduced . drastically resulting in a more stable price
But don't know why it still cannot improve their price effectively.
Should change the management, i think.
Posted by Reap88 > Aug 13, 2021 11:50 AM | Report Abuse
Yesterday VC released the AR. Looking at the 30 largest shareholders CSY has 177,277,507 shares. The 2nd largest shareholder holds 14M and third largest shareholder only 8,850,000 . Apart from CSY no other substantial shareholders hold more than 2.1% There are 6,276 shareholders holding between 1,000-100,000 total 141,629,336 With such fragmented shareholders there will sure to be a number of shareholders who desperately need funds or facing margin calls will sell at any cost. This is the reason I feel why VC is now at its lowest price ever. There is nothing wrong financially with VC & will not go bankrupt as CSY has subscribed for 102M VC RI valued at RM17M If there is another substantial shareholder holding 15-20% of VC, the number of free float will be reduced . drastically resulting in a more stable price
Good to see you back in this forum Michael Kwok. I agree with you on the TP for VC If BOD is serious in raising RM34M via PP for The Louvre project the price fixing exercise needs to be at least RM0.012
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....
Mamak123
64 posts
Posted by Mamak123 > 2021-07-28 16:03 | Report Abuse
wow. you are sifu. made many rounds????amazing