Next week no more licence. It will drop into the gap back to 0.375. License to sell objective achieved.
Note: I respect Mh87 and others to hold until their own TP achieved. Nothing wrong with that.
But I will not stop ridicule this counter because the price is absolutely ridiculous low to any sane investor in spite flurry of good news. The joke on this counter is by its own doing and reflect badly on the management who does nothing to support price at reasonable level. Let's see if they will avoid Q&A again coming AGM.
Doubt there will be a major jump with this news, it is basically the same thing, syringe. At the most, it will go up a few cents before sliding back again.
This is not politically linked stock like Asb, Myeg or Eden. Regardless who formed the government, the company business as usual. They did not get any government contract that could be cancelled by new government. There are more green counters than red today.
Nothing to justify the low price except that it is weak laggard. History repeats again pump and dump 1 day show.
A company's stock price reflects investor perception of its ability to earn and grow its profits in the future.
If shareholders are happy, and the company is doing well, as reflected by its share price, the management would likely remain and receive increases in compensation.
If a company's stock price is performing well along with the company, the company is likely to receive more favorable press from analysts and the media
K1 did not perform well for the last 2 quarters. Hence, the current share price reflects the bad performance. However, with the new business, nasal swab and acquisition of GAP, its performance should improve. Patiently hold the share if you want to grow with the company. If you want to have quick gain, it is not suitable.
price up or down is normal. patient is the key. If dont like the company just walk away. Bad comment doesnt help u and other investors on board. very sure those comment badly were not K1 share holders. jealous for K1 securing the license. We are appreciating the management hard work. The different here is u jealous or appreciate ppl hard work only. Again if dont like the company and its biz model,just walk away and goto your favorite stock do more positive comment to your pick stock. u will feel happy and get more fans. good luck
License agreement with Star Syringe, UK to manufacture Syringe Safety Needle Cap in Malaysia & distribute worldwide (License Agreement) K-ONE TECHNOLOGY BERHAD Type Reply to Query Reply to Bursa Malaysia's Query Letter - Reference ID IQL-08102020-00003 Subject License agreement with Star Syringe, UK to manufacture Syringe Safety Needle Cap in Malaysia & distribute worldwide (License Agreement) Description K-One MediTech Sdn Bhd (K-One MediTech) (formerly known as K-One Resources Sdn Bhd) Signs License Agreement With Star Syringe, UK (Star Syringe) To Manufacture Syringe Safety Needle Cap In Malaysia & Distribute Worldwide Query Letter Contents We refer to your Company’s announcement dated 7 October 2020, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1. The expiry date of the License Agreement, and whether renewable. If so, for how many years. 2. The expected production capacity and output of the manufacturing facility of the K4 Products. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully LISTING REGULATION Cc : Market Surveillance Dept., Securities Commission (via fax) The Board of Directors of K-One Tech wishes to announce the following additional information : 1) The Licence Agreement does not have an expiry date. It is evergreen, unless terminated between the parties by agreement at any time. It may further be terminated by the Licensee at any time by giving the Licensor not less than one month's prior notice in writing. 2) The auto machines has a capacity to produce two hundred and fifty million (250 m) units of K4 Products per year. The K-One Group expects and forecasts to produce at least one hundred million (100 m) units of K4 Products per year within the next 24 months, commencing from the date of the Licence Agreement of 6 October 2020. Subsequently, it anticipates to scale production to maximise machine utilization to fulfill the prevailing market demand at any point in time. This announcement is dated 9 October 2020. Announcement Info Company Name K-ONE TECHNOLOGY BERHAD Stock Name K1 Date Announced 09 Oct 2020 Category General Announcement for PLC Reference Number GA1-09102020-00011
Look at the historical price fluctuations and execution ability of the company (delivering business results as per announcement made). The trend is rather consistent. Your judgement if this is the musical chairs. Again look at the profits if this is something like Uchi Tech? And the interesting wide price range within relatively short duration ... and the repeated events
The more good news they released, the lower the price trends down. And you get bashed for stating the obvious. The comment I put would have been considered too polite if this company was listed in US.
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....
mh87
3,966 posts
Posted by mh87 > 2020-10-09 14:07 | Report Abuse
If you never all in then why you need to worry?
Just keep it until you satisfy with your ROI.
Make sure that you are not contrarian.
Its potential still valid until next year.
If you are able to make money through in and out for few times then that's your luck and your strategy.
Because not many ppl have more time to monitor their trading platform.
If you have lost your patience, just go to other counters.. =)