Read the full TA securities report today. There is an intentional or genuine error on target price mentioned here in KLSEi3. The buy call by TA sec is now revised upward to 1.15 . Hopefully will cheer some of u.
SBI has another 63mil units to sell base on today bursa announcement, you guys better stay away from this stock, let the SBI sell it down like no tomorrow, it probably going to take 3 to 4 months for SBI to completed selling all the remaining stocks which mean that the share will not perform at all. buy few months later better than u have your capital stuck here while watching other stocks rocket up like mad.
I agree with roger3210. Perhaps Andrew could consider to buy back all shares owned by SBI (or someone to buy SBI's entire stake... or Andrew should make clear what is SBI's intention... otherwise 63mil shares to dispose - man, a long way to go and fall...
depends on wat price u buy, if u buy now, plenty of room to drop as long as SBI dont stop selling. prospect ok but definitely not damn good, look at the revenue, hardly up a lot, still flat ! this company has almost 0 growth
SBI bought all the 120mil share via dbt, why is SBI keep selling at open market ? Cant find anyone to do DBT :D No one interested to buy over such a huge chunk at such premium price ? why ? because the company has no grow at all.
and why company has stop company buy back? last time before SBI become majorshareholder, N2N everyday share buyback all the way from 70c to 1.x. Why not now ?
meaning 1 party is buying the share from another via off market, the transacted price is unknown. Thats why when SBI bought 120mil units at 1.42, market price didn't go to 1.42, it was around RM1 only.
Why is SBI selling at such a huge loss, this is something you should be pondering about. Not a good sign when major shareholder is so desperate in selling at watever price they can.
I can think of a few reasons: 1) Perhaps SBI could not get along well with Andrew's team? Or, 2) SBI could not buy over the entire company (not able to reach 30% and offer General Takeover?) 3) Technologically N2N can not cope up (no talent in here)?
Mind you, the company is still positive in cash flow (am I right?) and has no debt (basically)... (so, may be #3 is not valid. What is your take?
Personally, I think N2N is better off without SBI. Difficult to work with Japanese. Expatriates here are basically robots, only execute initiative from Tokyo (Cantonese says shooting a cow over the mountain... 隔山打牛!)
dont go in so early, plenty of room to drop, djia has went up too much, when it sink, it will bring down entire market. n2n no spare from sell down for sure, SBI will be in panic selling later
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bigblackstone
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Posted by bigblackstone > 2020-08-26 17:27 | Report Abuse
jia lat...