Casanwk, You guess my destination to NORTH POLE , slightly off target . It is ICELAND in January/ February. I am going to store Tesla in the Ice Hotel .
Gud morning to Jefflim1234 ,yuanlong57, LPTan68, kennyku, The _Reds, Md Abd Fahmi, zoomsbooms, Yip2880, nelsonchew, hoheho, choolooi, tingangap1, gcke n all Alcomates
Gud morning to Jefflim1234 ,yuanlong57, LPTan68, kennyku, The _Reds, Md Abd Fahmi, zoomsbooms, Yip2880, nelsonchew, hoheho, choolooi, tingangap1, gcke n all Alcomates
when the counter goes down, they curse the counter loudly..whenever it goes up the, they praise themselves and never say a thanks
whatever is it, i find that alcom acting quite weird lately..and maybe continue to moving sideways..it's advisable that short term trader don't try to punt this stock. it will punish you to despair.
Just basing on the Technical Price Charts for some guidance on the trend and move momentum for the stock:
1.The resistance(floor price reached on 29 May 17) at 1.18 was breached during the trading day on 6Sept 17 before it recovered strongly the following day.The price is now hovering between the narrow range of +-1-4 cents and is presently now at 1.25. 2.The MACD(Blue Line) line is trending above the Signal Line(Red line) on the MACD chart showing some price support momentum for the stock. 3.The RSI reading is at 52.7180 on the neutral zone.And the %K line is trending above the %D(Signal Line ) on the stochastic chart(14,14,3,3). 4.The MA10 line is still trending below the MA20 line and last few trading days the stock's price candlesticks were moving and trending sideways.Caught in the period of consolidation mode.
Outcome: There were some positive indicators from the Technical Price Charts and some nibbling and punting on the stocks but unfortunately market sentiments were not so strong during last 1-2 weeks trading period.Hopefully the trading volumes for the stock can crank up to reverse the price trend.The Technical Price Charts can help to guide the investors in making investing decisions- To Buy,To Sell or To Hold.
Just to share and all the best.Do have a restful weekend break.:-)))
Gud morning to yuanlong57, LPTan68, kennyku, The _Reds, forgot090, Md Abd Fahmi, zoomsbooms, Yip2880, nelsonchew, hoheho, choolooi, tingangap1, gcke n all Alcomates Gud luck n happy investing
Gud morning to yuanlong57, LPTan68, kennyku, The _Reds, forgot090, Md Abd Fahmi, zoomsbooms, Yip2880, nelsonchew, hoheho, choolooi, tingangap1, gcke n all Alcomates Gud luck n happy investing
Yeoh JH , group MD, had sold off more than half his stake in Alcom to us and hardcore Alcomites. He is now waiting at the gate of Golden Palace of Kian Joo to feast and thank Alcomites .
group managing director Yeoh Jin Hoe has sold more than half of his controlling stake in Aluminium Co of Malaysia Bhd (Alcom) a year after he acquired these shares through direct negotiation and a mandatory takeover offer.
In a filing with Bursa Malaysia, the aluminium sheet and foil products maker said Yeoh, 70, who held the Alcom shares through 99%-owned Towerpack Sdn Bhd, disposed of a 30% stake in Alcom or 39.68 million Alcom shares to SCLand Holdings Bhd.
Following the disposal of the shares, which have a market value of RM48.8mil based on Monday’s closing price, Yeoh is left with 38.64 million shares, or 29.22% of Alcom’s issued capital (excluding treasury shares).
Alcom shares ended trading at RM1.23 on Monday. down 2 sen. Based on the price of 61 sen per share Yeoh had acquired his stake, he would have gained RM24.6mil if he had sold them at Monday’s closing price.
Alcom share price has climbed a whopping 86% year-to-date (its last traded price last year was 66.2 sen).
Towerpack acquired 78.23 million shares in Alcom, representing 59.16% equity interest, in August last year for RM47.72mil or only 61 sen apiece.
This led to a mandatory takeover offer in October for the rest of the shares at that price.
Mercury Securities, as independent adviser, urged minority shareholders to reject the offer, which it deemed not fair and not reasonable. It calculated the revalued net asset value per Alcom share (excluding treasury shares as at Oct 10, 2016) to be RM1.96.
The takeover bid received poor response, with Yeoh managing to raise his stake up to 59.22% or 78.31 million shares.
Yeoh was appointed executive director of Alcom on Sept 30, 2016.
Think with the latest corporate development in Alcom with the emergence of new substantial shareholders- SC Land Sdn. Bhd and RDS Bina Sdn. Bhd. something positive will emerge from this counter after things have settled down. 2.SC Land is owned by Dato' CK Lim and he has proven his corporate mettle and mark with Classic Scenic Bhd. 3.Likewise for RDS Bina Sdn. Bhd. a low profile and very successful construction group and property development company helmed by four enterprising and dynamic directors. 4.Both these two groups would not have bought into Alcom Bhd. unless there is value-added return to them in their big purchase from Towerpack Sdn. Bhd.Otherwise why throwing in good money in such joint purchase by them. 5.Normally with the entry of new substantial shareholders something will be in the offing! Be patient:-)))
Outcome: Something positive will emerge out of this development.
I'm still here but it's quite depressing looking at the chart now. On a 2nd thought, if Yeoh bought the shares at 61 cent 1 year ago and sold 50% at rm1.12 now, it means the new substantial holders must be confident that the price will go higher in the future. Patience is still the key, just hold it if u can
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....
meistsk3134
2,368 posts
Posted by meistsk3134 > 2017-09-13 17:39 | Report Abuse
Alcom need cash out money to repay investor, so the share might be red for alwhile... as someone mention it will go golden parade mean goldencom