Who is the lucky person who managed to buy 15k shares at 0.12 from seller? Since when 0.12 become the sell queue today. LOL. Operator testing the supply?
Does anyone here know where does the "X" sign in the transaction history mean? It is either "buy from seller", "sold to buyer" and "X". Today most transactions are done via 'X'.
The support was previously at 13. No other clear super strong support below 13. Now depending on operator already. Actually the price dropped from 13 to 12 on super thin volume. No apparent selling. Market sentiment should be blamed for no action from operator.
Operator wants to close the price at 0.115 (using 100 shares). Talking about this operator, I am quite frustrated. They are always slow in action and keep missing the good timing to push up the stock price. It is quite obvious that there has been no selling pressure at all for Gocean and they dont even take the effort to test the supply (whether stale bull will come to sell once the price moves up).
"The prospect of the Group for the remaining financial year remains challenging. As the Group continues to concentrate on enhancing its palm kernel crushing activities so as to improve its revenue, it is also facing low supply of raw materials due to the low price trend of raw materials. Notwithstanding the current raw materials shortage situation, the Group has taken initiative steps to explore and introduce new products, and to trade in other palm oil products."
"The Group recorded higher revenue of RM48.67 million for the current quarter as compared to RM5.05 million in the preceding period corresponding quarter. The increase in the Group revenue was mainly due to higher trading activities in palm oil products. The Group recorded a higher loss before tax of RM0.74 million for the current quarter as compared to loss before tax of RM0.58 million in the preceding period corresponding quarter. The loss before tax for the current quarter was higher as a result of lower selling prices of palm kernel oil due to suppressed global prices. The operations of the palm kernel crushing activities continued to incur losses due to its low level of crushing activities."
Daito i am stuck for a year. FA wise, the company's revenue is improving significantly. TA wise, the buy rate today is actually high even though it is 0.5 cent down. Operators are still in it. Hopefully it will move up soon.
Finally. I think the game will start again as the next Q result will be announced at the end of Feb. One thing to share, the share price dropped significantly as the last Q result was showing a loss. However the revenue actually went up significantly to RM48 mil (all time high). I was suspecting that the management did big bath in the last Q result but of course I have no evidence. Simply guessing as no information was provided in the annual report. Hope for the best!
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....
nicholasnwh90
1,114 posts
Posted by nicholasnwh90 > 2015-05-31 13:20 | Report Abuse
I heard the operator's TP is very high for this stock. Let's hope the plan continues.