@the contrarian good indication, but 6 million share not really a lot, if purchase 0.06 X 6 million = RM360K only, hoping they acquire more, for big company RM1M shouldn't be an issue if this company really profitable in short term or something big coming soon
Tomei and Pohkong can't seem to be able to move up much unless there's a privatisation. I once owned both and held for a long time before selling for just 10% gain. Dividend also merely one sen.
Substantial shareholder had announced three days of purchases of 3 million, 6 million and 7 million shares up to 27/6. I don't think price will fall back to 5 sen - 5.5 sen range again unless a Dow Jones crash happens. Substantial shareholder is buying to average down their cost of 15 sen and has done so for the first time.
I am using paconline, and there's an option that allows traders to see when substantial shareholders acquiring shares..netx acquired the shares mentioned by TheContrarian last week
what is substantial shareholder thinking, after acquire share then throw down 0.055 again? already not much hope in this stock and yet they drag down the price again...
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sitia
1,261 posts
Posted by sitia > 2018-06-26 10:42 | Report Abuse
Doesn't look like got movement. Can conclude market sentiment is generally BAD.
Need to keep for LONG TERM