big brother choo is buying, while younger brother choo is selling. younger brother losed the insider battle. this stock is heading back to 0.80 level. don't miss the golden opportunity
See below quote from research firm: Notion Vtec Bhd is close to clinching two to three deals from Japanese and South Korean firms to manufacture smartphone components, which could bring in MYR40m to MYR50m in annual revenue
Mmm.. i remember a lot of people were screaming sell and what not previously... traders :P if you sold, you've just locked in your losses.
Now, is this pure goreng? Or will it last... Mmmm.
Calvin, you chose to ignore the fact that another director was dumping too, even at 0.55.
Invester, if what you say is true, fundamentally that's a major good news (But still I doubt Choo Wing Hong will not know of...)
I've been a steady voice here, let's see how it goes... But the smartphone news, seems a bit not jive.. Their prior strategy announcement is automotive, oil and gas... sudddenly smartphone?? Unless they are doing iphone6, htc etc body with their CNC machines?
Ok.. found the news, from the chairman himself. Interesting... let's see how it goes, he did only say, 'close to clinching' the contracts... Sony and LG would be the customers if accurate. Sony, possible from their SLR tie up previously I think, LG?
Mmmm, one thing of interest is the smartphone assembly would still be in China, which component is notion going to provide? The body itself (most likely, those metal phones which CNC machines can do)
Up til now, I think Thoo Chow Fah is still pretty trustworthy, it'll be interesting if he made up the news to support a goreng. Still, impossible Choo Wing Hong don't know of any ongoing contracts negotiation and he choose to sell at 55?
Now that it broke news, public investors are all jumping in, no stopping this train now, but I doubt the majority of them will stay around if a bad/not so good quarter result is announced soon.
As mentioned in the news, the smart phone business (if they got it) will only contribute to financial year 30 Sep 2015. So, it has nothing related to coming quarter result which i think might not really good as Notion is still suffering from the lost of the silver milling in Australia.
I noticed both Directors Choo Wing Hong & Chairman Thoo Chow Fah dumping bother mother shares and all Warrant B.
However, Director Thoo Chow Fah later went in to buy back Warrant B. At this moment it is financially suicidal to buy warrant B due to bleak prospects & with Warrant B totally "out of the money".
It takes a mighty optismic person to buy Warrant B UNLESS HE SEES SOMETHING AHEAD THAT WE DON'T.
IN INVESTMENT WE MUST ALWAYS "SEE" BEYOND WHAT IS OBVIOUS
TRY TO SEE FROM CHAIRMAN THOO'S POINT OF VIEW. IS THERE HOPE AHEAD? SOMETHING BREWING?. HE IS ALSO HUMAN LIKE US. SUBJECTED TO FEAR & HOPE- GAIN OR LOSSES.
IF IN DOUBT FOLLOW MY JOHOR SIFU'S RULE
FOLLOW DIRECTOR TO BUY JUST 10%
SAY HE BUY 100,000 SHARES . YOU BUY 10,000 SHARES
IF HE BUYS ANOTHER 200,000 SHARES. FOLLOW CLOSE BEHIND AND BUY ANOTHER 20,000 SHARES.
YES! BUY 10% OF WHAT THE DIRECTOR IS BUYING. IN THIS WAY YOUR LOSS IS LIMITED TO 10% OF THE DIRECTOR'S 100% (Compared to you.)
AND SHOULD THE DIRECTOR BE CORRECT. YOU ALSO STAND TO GAIN 10%.
Highlight: Notion VTec close to securing deals www.theedgemalaysia.com/.../298778-highlight-notion-vtec-cl... The Edge 13 hours ago - KUALA LUMPUR: Precision parts maker Notion VTec Bhd is close to clinching ... and South Korean firms to manufacture smartphone components, which ... Depending on the growth of potential contracts, Thoo said the group ...
Notion VTEC (NVB MK) Technical BUY with +16.2% potential return Last price : RM0.650 Target Price : RM0.725, RM0.755 Support : RM0.610 Stop-loss: RM0.600 BUY with a target price of RM0.755 with stoploss below RM0.600. NVB’s share price had been trading below the long-term downtrend line before successfully crossing the line and establishing a new uptrend on 1 Jul 14. Given the persistent climb in the past 2 weeks followed by yesterday’s gap-up, we expect further upward continuation hereafter. The emergence of fresh buying interest as seen in yesterday’s higher trading volume should lift share price higher. Additionally, the establishment of a “hidden divergence” between the share price and Stochastic (higher low vs lower low) signals a bullish reversal while the MACD positive reading indicates stronger momentum which is likely to lift NVB higher. We peg our medium-term upside target at the previous high of RM0.755. Timeframe: 2 weeks to 2 months
buy in at 0.62 on 16/4 and sell it at 0.64 on 16/7 due to poor result in last quarter result, i rather wait the next quarter result, if continue worse or no improve, i will not consider re-purchase
22July(today) is exactly 4 years anniversary. Long term investment in Notion costs me 48% in loss. I need 75% gain from today to recover my initial cost. May be another 4 years if I am lucky enough.
perhaps, I am also one of the person who purchased at high price. Was thinking to cut lost previously. But yet think back, why I bought this share at the beginning? Then you will get the answer whether to hold or cut lost.
If looking back, my "hold" decision is unwise. I should sell when price dropped 20-40%(from rm1.25 to rm1.00 - rm0.75), especially the price drop was due to structural change in its biz/industry where HDD goes into sun set and growth prospect of camera was badly affected by the quantum leap advancement on smartphone(with camera function). If I sold and switched to another tech related counters such as GTronic, MPI, Unisem or PIE, I would have made good profit instead of loosing big in Notion.
Anyway I am still stupidly holding tight to this big loser.
Notion is mainly focusing on turning part (metal). I was having an opportunity to visit Notion factory few years back and they have very good machines which can do very precise component. There is no doubt as they are in the camera business which is talking about micron (in tolerance). Well, to me, i think their biggest mistake is to invest in silver milling in Australia. If they are focusing on their existing business, they will have making money in every quarter.
As for PIE, they are actually the sub company of Foxconn. They are doing many things such as plastic molding, PCB, flex, etc. So call, one stop solution.
Investment in mining is big mistakes specially in Australia because they have to many rules and regulations, safety and etc... That itself will cause loss to company
anbz, The insurance money has been used to purchase new CNC machines. Please do not make any false statement regarding the fire accident as you might get sue from the related party. You have wrote a very serious statement.
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....
no_idea
39 posts
Posted by no_idea > 2014-07-08 01:09 | Report Abuse
Anyone have insider news?