up cos d SPAs r now concluded n shares transferred... cordlife is now d direct holder of stemlife shares...
actually d two directors who cashed out hv more then 20% share in stemlife.... but cordlife jz bot 19+%... how come???
if more than 20% cordlife can then take into its account 20% of stemlifes profit... now jz can wait for stemlifes dividend... if none declared no income to cordlife... so is cordlifes plan for stemlife long term or not??
correction stage will be after it hit over rm0.60 cause that's what most people are valuing at the sales done recently. But it's worth it to hold until over rm1 next year cause their annual report this year already shows it should be worth over rm1. aiming for over 100% return on this counter.
but is quite a specialised business and profit making and gt dividend... dun mind holding long... cord life up more than double since ipo last yr... hope this one up up
Sorry if this sound a silly question vid the two lady founders sold it forced.60 sen per share, and if Cordlife wants more share than 19%, then I would think its logo so that they. It from open market as its 50 sen. Correct? Juz slowly accumulate from open market. If I'm wrong in my perception, please advice. Tq
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....
Kitty28
3,354 posts
Posted by Kitty28 > 2013-10-04 16:13 | Report Abuse
0.60 really on track....from 0.37 when I first came to know this stock last month only.