stncws i guess u r the one been trap by yourself n with your comment. i guess u didnt buy any connect county share n just barking around chasing here an there. LOL
ASB in what basis and indicator that you use to say the trend up moving. Are you referring to chart on H4@H1@D1@M30@M15 or are you following the fundamental base to says that
Joycelee everyday u are asking the same question to everyone in this forum. if u feel worried first of all dont enter the market. there is some gain and losses here. if i can predict straight to the bottom then i will become god la.. As i told its all base on info and analysis beside other things bla bla bla... trade at your own risk and trade wisely
yeah, i am also waiting for the RTO announcement, information i have on hand is the RTO circular should be out by June, but tomorrow is already last day of June so i am not sure it can be on schedule or not. Your side any update on the RTO?
just a little joke to lighten up the mood, anyway for stock <1.00 , max gain a day is 30 cents, so you can guess, 1st day 30 cents gain, now price is 55 cents, they announce NIISE Consortium win same day, next day is 85 cents, .. so you wanna sell when. lol... maybe all of this is timed la.
theory: by reading comments back again, suddenly i sense something, if the RTO is happening, why is there talks that the price will fall to 0.20 cents?, that is the biggest question i have.
Are they are selling the stocks from the conversion. Have anybody question or scrutinize the fact? they would made money from the sales of stocks slowly but surely by selling to the public. They have generated a group of buyers and income by the RTO news. If the intention is to make quick bucks, they would have made at least 0.28cents X 60 million icps conversion, about 15 million ringgit or more just from the sales of stocks. Since they are selling stocks from the conversion, is the 0.20 cent value derives from the RTO price? They will stop when it reaches 0.20 cents? if RTO happens, they sell shares again at hgiher price they will make money again. If it never reaches 0.20 cent will the RTO takes place?
FYI, i already purchased maybe 200 lots. So now i am thinking again, weather RTO will take place. I realised in stocks is, everything hinges on the fact that the price will rise if there is enough buyers. backed by fundamentals. If S5 have the fundamentals, and is a good company, than there will be enough buyers supporting the share prices. assuming they are able to take over CC through RTO.
For the rto to be official, definitely s5 will need to be guaranteed the project. I think this is a conditional rto based on that. To RTO, s5 will need to share transfer to obtain shares and icps from owners of connect. From reports, its quite clear who really owns connect. In RTO, willing buyer willing seller, shares can be transacted /exchanged. Not sure what are the rules but it may be vwap share price of the pb listed cpy cannot differ too much otherwise maybe some issues from sc? Can someone check on this? If true, then it makes sense price to drop. As far as I know, Connect and S5 are not happy this news leaked out for sure.
Britishshorthair, i think the talk about price going down to 'probably' 0.20 cents was raised by JB a month ago but then he clarified that it can be right or wrong..but the thing is everyone here really put that price as benchmark as if the price can really achieve that value before RTO is announced.
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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....
jb161802
132 posts
Posted by jb161802 > 2020-06-29 10:58 | Report Abuse
. the risk is yours and invest wisely. its my personal view still can go in bro and with current price u still can make around 0.10 cent