A cross trade is an investment strategy where a single broker executes an order to buy and an order to sell the same security at the same time. A cross trade is an investment strategy where a single broker executes an order to buy and an order to sell the same security at the same time
Think some sort of an agreement have been made and will provide support around this price. Otherwise why would the debtor accept the offer in the 1st place. But meantime do not expect the price to move too much northwards, otherwise they will dump the 900mil shares and take their money back. Must wait till this batch is cleared first
those creditor so stuxxx to take 4c meh? they take 4c they must earn, one of the creditor is Chan Kok San, who is the current top 30 shareholders of the company. they all took 4c want to earn one, will push up
If next Q results are positive then it will be interesting to watch at what level next it will settle. Many companies have negative NTA but they are trading better if the results are positive. What to watch is if the PE is positive or not ?. Positive PE recovery stock always rally.
An example is the REITs NTA now. Many REITS have NTA high on almost twice the value of their stock prices. But yet of the stock are low. Why, because the important point to note is their PE. A good PE and eventual the NTA will turn positive after the revaluation of the asset. Do not write it off yet ?. The creditor agreeing to convert their debt to 4 cts par value should not be taken lightly. It is certainly something brewing for sure.
Writing off the debt off the book value will be positive for any company. You wake up on day and suddenly realized you do not owe anyone any more money. Isn't it a good thing ?. It is a start of a new life
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....
ID007
603 posts
Posted by ID007 > 2022-06-13 22:18 | Report Abuse
sad DJ