Last week the price stay at 0.195/0.20 for 2 days before shoot up to 0.215. Now you can see the price try to find support at 0.21/0.215. With the help of improving DJ, it will try 0.23. If not today, latest by end of this week. Now the pace is faster. See my earlier comment:
moneykj Comparison from price movement post q results, this q and last q:
Last q, it take 1 month plus to start its first massive hike on 7/1 after q. Reached highest on 11/1 price and volume. Only started again on 22/1 t6 with the help from this article, http://www.klsescreener.com/v2/news/view/482384 Hibernating for few weeks since then.
This q, it take 2 week to start it's first massive hike on 14/3 after q announcement. Reached highest on 18/3 price and volume. Restarted again on 22/3 t4 in gloomy day and no article.
This shows the desire of buying from taukeh and retailers has intensified. I believe the high volume on 18/3 help taukeh to ease some burden and create huge buying power again. Further more I saw 2 signs that next week will trend higher. Firstly, it put a big buyer qty to close higher on Friday closing session at 4.50pm. Secondly, very important one, sign that shows the price will trend higher, old birds should know....guess what? I give you hint, "wow, it run faster". 24/03/2019 12:11 PM
Orion has some 600m outstanding issued shares currently. They had obtained approval to issue further shares to interested private investors (private placement) subject to a maximum of 30% of current outstanding issued shares (0.3*600 >> approx. 180m).
Posted by Ganesan Kandasamy > Mar 26, 2019 10:51 PM | Report Abuse
Private placement 30% what does this mean? 27/03/2019 8:16 AM
In my opinion, the pp to take more stake in Sukaniaga is very good deal. The cooperative members market is big. The business model is indeed very good. No need to fork out big capex to enjoy consistent income, also the overhead cost is small. I hope Orion can go for the remaining 80% stake in Sukaniaga.
I know what chart it going to build. If you patient enough can park at 0.21 to buy. 0.215 also reasonable buying price in case to avoid the big players suddenly come in. Don't miss the bus ya..
That would be another 80m for a company that has no proven track record. I think 20% exposure is fair enough. :)
moneykj In my opinion, the pp to take more stake in Sukaniaga is very good deal. The cooperative members market is big. The business model is indeed very good. No need to fork out big capex to enjoy consistent income, also the overhead cost is small. I hope Orion can go for the remaining 80% stake in Sukaniaga. 27/03/2019 10:05 AM
Bro, the other (potential) plus is, comparative to conventional loan facilities, cooperative loans tend to have higher approval rate given its less stringent and more concessionary-inclined credit assessment protocol which could (potentially) contribute to the fee income dependent on successful processing and approval.
Posted by moneykj > Mar 27, 2019 10:05 AM | Report Abuse
In my opinion, the pp to take more stake in Sukaniaga is very good deal. The cooperative members market is big. The business model is indeed very good. No need to fork out big capex to enjoy consistent income, also the overhead cost is small. I hope Orion can go for the remaining 80% stake in Sukaniaga.
yoongcalyn @moneykj, your market sense is quite zhun leh....Orion move up despite overall market sentiment is weak... 27/03/2019 4:57 PM ______________________________________
Actually there is a sign not just a gimmick from me. Every time it want to try will appear. I saw it after 2pm. Forgive me I can't elaborate more, they might not like it.
Lol....Follow the announcement of director buy sell to invest and without checking the details is children play sand lor. Yahya Razali is old boss. Last year he sold much bigger chunk at 0.07-0.085. As you can see, the price now is 0.22. Ppl say name reflected his character, I believe is true lor. You see his name..hahaha...
What is the price movement when announcement of Yahya Razali selling 15m share was made in 25/7/2018? The next day price is 0.08-0.085. Closed at 0.08 unchanged. 15m wor....Now only 9.9m.
cilaka mia orang put tis news bcoz he wan threathen small investor to sell,,coz he knows many are waiting more upside...furthermore we can see from Market Depth,,there is no huge seller from d board...
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....
ozzie75
8,772 posts
Posted by ozzie75 > 2019-03-26 17:00 | Report Abuse
Dunno when. Yeah, that formulation as prescribed by SC. haha.
45AMG next week maybe? 5 market days VWAP isn't it?
26/03/2019 4:53 PM