We have many smart alec in this forum, giving low TP as such it creates panic amongst small time investors so, they start selling when they see what your unsubstantiated analysis is coming true. Same goes to when during the bullish period when the TP is inflated beyond that current price, people would start chasing. Therefore, stop your smart TP without any research done to support it.
My advice to all is, HOLD. This is temporary, alike what China has experience. During their bad period, many companies experienced reduction of their share value below 56%. Recently, President XI released USD20B to buy up all those shares in American & European companies at below 44% from its old price. No further explanation required.
I think what seems logical to me is to hold my cash until the paranoia is gone. In any case, notion has a rather big cash reserve, doesn't hurt to revisit it later. At the end of the day I am pretty confident it won't be snuffed out since I can still see the factory running when I passed by later. Can't be bad news by any stretch of imagination
It seems many promoters have cut lost.... It is painful..but it is right thing to do.... Many promoters have switched side now to be negative about the market...... be patient..... time is on our side...
If you have followed TargetInvest, you would have bought at RM0.53+- and sell at RM1. This guy promote even before it spiked up but did any of you give a damn? And look at what he just recently posted.
And now, 40 cents and below is real. Dyson's contact (whether it can be materialize) + insurance claim (something is fishy in this insurance claim until they have to file writ of summon to the insurer) + business climate now.. aduii.. w/ all the factors above, you cannot really blame if someone just say TP 30 cents/ 20 cents.
This is i3. Everything written here is baseless and w/o facts and figures. Take it with a pinch of salt and exercise your own judgement.
And wait, where's mr Thoo? Some of his postings have gone missing.
Yes, I do not chase. I sold 99% of my holding at around 1.24; holding back 0.1% to qualify my attendance to the AGM/EGM that was held on last Tuesday but sadly, I didn’t attend as a safety precaution to the current situation. I started picking again at <0.765 and my latest buys were yesterday.
We need to HOLD. HOLD. No amount of fund is sufficient to support if everyone starts selling. There no cause to panic as this company well managed amongst the siblings & relatives. Hopefully, we will see the share hit above 1.38 again soon.
When price high ... everyone please mr 888 , but price drop like hell ... everyone blame mr 888 , buy by urs own risk la , want fa Choy , take ur own risk
1. I removed the postings as I was worried it may be promotional and gave false hope and invest at the wrong time as these are Unprecedented times. The market selldown was savage due to the crude oil price war, selldown on Wall Street and major concerns from the Covid-19 pandemic and of course our local political changes created more uncertainty.
2. There was PURE PANIC from across the board and even if I were to advise, nobody will listen.
3. I had to attend to AGM last Tuesday, and the lockdown effects on our operations and application to MITI to get approval for partial 50% operations as we are part of the E&E supply chain.
4. We have to come up with a plan with a much reduced demand due to the escalating viral cases in Europe and USA and other parts of the world. The only bright side is China has stabilised and recovering fast and the restoration of supply chain is assured.
5. I think we have to assume the damage to businesses and the markets is bad and every country is fighting the virus by shutting its borders and limiting movements. These conditions may last more than 6 months.
6. The HDD sector should be least affected. Camera and Auto segments we must assume 50% reduction for this period. Although we have not seen sharp reduction in POs but it should be expected as our customers and their customers feel the effects of the slowdown. The aluminium tubing is still a major focus in EMS and most of the demand is intact. But lets assume some slight reduction. The expansion of 2 additional lines for the tubing is still on and expected ready by June 2020. We are optimistic it will bear much fruit as its a localisation of supply from China.
7. We have a strategy to see us through this period. It is already activated but I dont want to give you false expectations as its early days. Closer to May we will have it up and running and should impact the financials of the group.
8. The BIL insurance claim we have employed legal counsel to get the RM12.2 mil from insurer who chose to leave it to the Arbitration panel and this process is on going. We are fighting for extra RM31 mil from that offered by insurers. This will take 6 to 9 months to complete and we are reasonably confident of some extra here. We have engaged Queens Counsels and budgeted for it.
9. Our cash flow is healthy and still have more than RM60 mil in the kitty. We wont belly up.
Finally as for the Share Buyback we have just activated last Friday. My advice is dont panic. At these levels it is back to 2017 pre-fire prices but also on the demand side its uncertain for some time in metal business. Be patient management has seen the company through 2 recessions, flood, fire, forex losses and many challenges and we need some patience and time to survive well and be positioned for growth after this pandemic.
too fast share buy back !!! my advise is company should use their money wisely and they may collect or share buy back around rm0.2-0.3 !!! we investor no panis company panic share buy back !!!
Thank you 888next. I am very sorry that I couldn't meet you during ATM as I always wanted to for the simple obvious reason. But surely one day we will meet, meanwhile I am still a shareholder of NOTION as i have the faith that in near future NOTION will deliver the superb performance in term of company bottom line and high share price.
I cant disclose at what price we will do share buyback otherwise the operators will know how to trade against us.
NTA is RM1.20 a share. Our properties are worth before this "crash", about RM170 mil which is about the current market cap at 56 sen. Our CNCs are largely fairly new and worth more than RM200 mil. Our business customers. Our human assets . All not considered.
Investors tend to over react on the down trend and up trend. Always over shooting is common because Fear and Greed are impossible to control.
I leave it to the market to decide. But at the right time, our buyback will be as a last resort.
pls wake up, recession is coming, no matter how great the stock is, market will press it further down... ________________ Alistino G We have many smart alec in this forum, giving low TP as such it creates panic amongst small time investors so, they start selling when they see what your unsubstantiated analysis is coming true. Same goes to when during the bullish period when the TP is inflated beyond that current price, people would start chasing. Therefore, stop your smart TP without any research done to support it. 19/03/2020 12:41 PM
This is a beginning to the long "Temporary" Recession... many companies will not survive this period due to cashflow problem.. This time the financial crisis is more severe than the 2008 financial crisis... Many people tend to underestimate the scale of the pandemic triggered recession to already fragile global market... Many events will be unfolded in the coming future which worsen the recession... let wait and see... Time is on our side... The current rebound is a good opportunity to sell if one has not done so...which allow one to buy back low later.. Remember...strong rebound will follow by strong drop later one in the down trend market during recession .... As one say...cash is king now... wait for the market to settle low before entering market... Now is still far from that.. Besides,there are so many good companies with low prices now.. Preserving cash will allow one to switch to a better companies at very low price easily later... why should one take a big risk now?
BANK Islam Malaysia Bhd mengesahkan seorang warga kerjanya di Menara Bank Islam di Kuala Lumpur disahkan positif Covid-19 dan sedang menjalani rawatan di sebuah hospital kerajaan.
Pekerja itu dan anggota keluarga terdekatnya menjalani proses kuarantin di rumah sejak 19 Mac, kata Ketua Pegawai Eksekutif Mohd Muazzam Mohamed dalam kenyataan.
what s the actual date for bonus issues , ? share price drop got noting to do with board directors , for those stay in 5 star hotel president suite like me , cheers for better tomorrow , nothing to say , nothing to see , and no eyes see also ....
Just be prepared many will be wiped out from the stock markets and never see their comments in the forums again like what happened when the market collapse during the previous years . This time around it would be more serious with the on going disease worldwide outbreak that left the market with no clear indication and directions of sustainability . If the market continued to slide further forced selling may however set in to pull the market lower for those using loans financings would be the hardest hits.
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....
bnmacai
467 posts
Posted by bnmacai > 2020-03-18 16:41 | Report Abuse
Where's 888next? How? What should we do now Sir?