lmseng, u could b right but today's shown Buy 1m shares plus and Sell 5m plus , more selling by almost 5 to 1 n not sure DEMAND is strong enough to hold current position , oh well let our LONG eye watch the game ............ LOL
If big player sell, price drop a lot. If buy, then up a lot. We need some real long term investors e.g. pension fund or mutual fund to come in after main board transfer. After that, the price cannot be easily manipulated by only one big player - providing that the financial results are still good. This is why main board transfer is so important.
Refering to Digistar, the approval by bursa given 1 week after securities. Then 2-3weeks more later listing to mainboard materialised. Not sure the processing time will be the same or not but can see Digistar price moving upwards when the date transfer confirmed.
It is normal duration for board transfer. You can consider buy when price drop below 0.20. I dun think it will go to 0.15. The warrant price is still high. This could means SMART investors are interested in and slowly accumulate. Maybe not for short term purpose. Potential M&A occurs in 5 years times in my opinion. In the past many firms already interest in amedia.
For those who are free, can do some case study on ETITECH, a former Ace Board Counter which was being transferred to Mainboard in April 2010. Another example is Digista which was being transferred to Mainboard last year. The key issue is not whether to be transferred to Mainboard or not. It's whether their business model is sustainable or not...
Earning is the key issue. If earnings are good, then transfer to main board will attract mutual fund and long term investors. Amedia break the record to be the first ace stock use shortest time transfer to main board. Since SC have thorough check on its fin. statement before approval, I think no need to worry too much about the creative accounting issue.
It will gain more attention from fund managers in main board and drive up the price. The target P/E for media stock in main board is 14. Now Amedia is just 5 something.
I think the business model is sustainable providing that amedia hold the license. Amedia is the leader in this high growth business. Furthermore, There is no reason government want to cancel it.
However, I think the sell call may depress the price for short while.
From what I see, most of the Ace counters after being transferred to Mainboard performed badly...and I can't remember which Ace counter did well after being transferred so.There are many traps in Bursa especially in Ace...Again, for speculation purpose, buy low (say if it drops to RM0.15)... and sell on rebound may still be able to make some BKT...
I will sell if sustainable earnings FAIL. If you check the case of EFORCE, if you are long term investors since ACE era, probably your dividend yield is >20% per years. Just for reference. For me, I hope it can down more. Will buy for trading and long term purpose.
Amedia is a different cup of tea altogether. it got a TV broadcast license like RTM & TV3 had and waiting for it's operation...go for it & in the main board it will perform better.
It closed first time below 20 cents with high volume on Friday so is very hard to say whether there is more downside on this counter. But one thing for sure the big fish is still the net buyer as there is no high retail participation. Keep watching..
Based on Fri trading trend, I anticipate it will drop further ??? Last Fri shown SELL volume on q was 3m against 23K for Buy q !!! Suggest radar the screen without a blink n standby to BUY or SELL, loh
Yes. In these few days the application to bursa malaysia for transfer main board will be done. Expect catalyst from this event. Just like last time when bonus issue approval.
Looking at the counters in the top 20 is full of lower liners this may signals last leg of this rally so correction should be coming soon hope to buy Amedia cheap looks promising indeed.
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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....
xlan
171 posts
Posted by xlan > 2013-01-09 18:35 | Report Abuse
harap sebelum turun, ia naik sikit utk beri peluang frustrated contra like us utk let go dulu lah....before beli lagi...