Persie, if normal case the son price is around 0.30-0.40 by today. But now jus only 0.12 , max jus only 0.17-0.18 than drop like shit. I think mamy retail will average down to buy more from 0.17 drop to 0.12 because they still thinking the son price will raise to 0.30 above becos the book value is worth 0.30 above. Teory is correct but pratical is diff case. Trader wont push the son price.
Persie, yes from the book value, the macpie warrant still have the range to up 0.20 -0.30 cents but trader dun want it up , nothing you can do, bacause all control by trader. I can forsee the son will drop to 0.05-0.06 by next month.
Actualy we can think like this now mother 0.55 the son price is 0.12, monther today oledy up nearly 90%, if monday mothet price do adjusment drop 10cents to 0.45, than the son sure will follow to drop 2-3cents become 0.09-0.10, all is reasonable?
Today when the son price touch 0.165 first high level than price adjustment drop to 0.14-0.145, after that rebound to another level 0.17-0.18, at that time i thought the price will continue fly to 0.30 above but all not happen, the price drop very fast bk to 0.14-0.145, than i know the answer, the price wont up anymore and all is happen what i expected , keep droping till 0.115-0.12.
Actualy my report not enough details, when is mother price touch the highest price 0.585 - 0.59 and the same time the son touch 0.17-0.18, this us the highest price for the son too. No need to wait the price drop bk to 0.14-0.15 than only i know. Too late. Im learning something here.
Hahaha promote xox while saying macpie no good. Everything is dictated by the operator. If you know, no need to post here. Quietly wallop Big big make the money and laugh at all the comments here.
Last time warrant A also like this..they push mother above high but warrant not move...i bought warrant...on monday when opened...bloodly hell..jumped 100%...but possibly also not moving..but if you convert to mother..u can sell within 2 weeks..please see at my previous post..
What happen today is illogical. Previously, when mother share at 0.29, son at 0.10. Mother surge 26c but son surge only 2c. Many retailers don't understand how warrant works. Next week son will be going up to be a logical price that it should be..
Persie, i play some others counter like today show same pattern before, mother up alot but son didnt move up, seldom counter play like this way, you kena jackport becos kena this kind of illogical show.
MACPIE BERHAD (“MACPIE” OR “THE COMPANY”) - UNUSUAL MARKET ACTIVITY With reference to the letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 19 March 2021 in relation to unusual market activity due to the sharp rise in price and volume of Company's shares recently, the Company would like to confirm that to the best of its knowledge and after making due enquiry with the board of directors and major shareholders of the Company seeking the cause of the subject matter of the query, the Company is not aware of any of the following that may have contributed to the unusual market activity: 1. Any corporate development relating to the Macpie Group's business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion, save and except for the following: (a) Based on the recent announcements dated 2 February 2021 and 5 February 2021 on the proposed acquisition of Techninier Sdn Bhd, an esports focused software company, the Company would like to inform that Techninier Sdn Bhd has signed a master service agreement concerning deployment of services to eSukan.gg, a government linked E-sports Portal, which was stamped on the 17th day of March, 2021. 2. Any rumour or report concerning the business and affairs of the Macpie Group that may account for the unusual market activity; 3. Any other possible explanation to account for the trading activity, save and except for the following: (a) The Company, together with Techninier Sdn Bhd, is at various stages of discussion with several international and local enterprises for sponsorship deals concerning the eventual collaboration between the Company and Techninier Sdn Bhd for eSukan.gg. The discussions so far are not concrete and deemed immaterial at this stage. The Company is in compliance with, and will make the necessary announcement to Bursa Securities of any material information in compliance with Rule 9.03 of Bursa Securities ACE Market Listing Requirements. The announcement is dated 19 March 2021.
KUALA LUMPUR (March 19): Macpie Bhd, which is acquiring a 35% stake in Techninier Sdn Bhd, said today that the target company has signed an agreement concerning deployment of services to eSukan.gg, a government linked e-sports portal.
Macpie said this in response to the unusual market activity (UMA) query by Bursa Malaysia today, after the counter hit limit up in active trade today.
Shares of Macpie shot up by as much as 30 sen, before settling at 55.5 sen — still up 26 sen or 88.14% from its last close of 29.5 sen. It was the most active counter on Bursa Malaysia of the day. Its trading volume ballooned to 300.08 million shares, which is nearly one-third of its issued share capital of 918 million shares.
"The company would like to inform that Techninier Sdn Bhd has signed a master service agreement concerning deployment of services to eSukan.gg, a government linked e-sports portal, which was stamped on March 17, 2021," Macpie's filing said.
"The company, together with Techninier Sdn Bhd, is at various stages of discussion with several international and local enterprises for sponsorship deals concerning the eventual collaboration between the company and Techninier Sdn Bhd for eSukan.gg.
"The discussions so far are not concrete and deemed immaterial at this stage," it added.
Macpie's proposed acquisition of 35% in Techninier on Feb 2, 2021 values the company at RM90 million. The mobile game platform provider booked a net profit of RM5 million for the financial year ended Dec 31, 2019, while revenue stood at RM21 million.
Techninier, Macpie said, is renowned in the Southeast Asian region for its social and mobile gaming network platforms. It also has an experienced team handling mobile and digital content as well as game design and deployment.
Shares of Macpie has gained 133.68% this year. At its last close, the group is valued at RM510.01 million.
I also curious hows the mother price run on monday. 1) Start open below 0.55 than continue drop 2) start open down than rebound a bit than turn to drop 3) start open drop than turn to up fly 4) start open above 0.55 than continue fly 5) start open above 0.55 than turn to drop n drop
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....
Ppmaster
4,431 posts
Posted by Ppmaster > 2021-03-19 17:30 | Report Abuse
Artgur, yes, xox i finish my RM 500k at the price 0.07 - 0.075 range. Now waiting durian falling down.