as you can see from the edge article, busy selling land to pay debts. sounds crazy...don't think it will be easy to find a suitable buyer. may take up to 2-3 years in current market conditions.
If it goes to 0.62 then good. Just remember that precovid area the price was around above 0.80. Would be logical for shareholders to just get that price and not bargain higher
LTAT priority lies with Bstead . Losses at holdings ( price to market valuations }drag down LTAT ability & limit thier paid out to members. 2 years in a row their paid out only at 2.0% and 2.5% respectively. Pakatan Harapan mistake on financial constrain led to discontentment among supporters. Look at Slim river by election. People cheer Najib { bossku } not because they trust him but $$$ talks. PN is not stupid and Ismail Sabri { Umno } is the senior Minister for defense
Don't worry LTAT is a big brother, whereas Boustead is just only a small child ,no matter how Boustead object the privatisation plans, LTAT has a right to make a final decision to privatise it very soon Let count down starting from 14/09/20 till before 27,OCT,2020
It won't fail,the privatisation program will carry on very smoothly and steady At last it will successfully to implement Stay tunes! Don't be disappointed
To push up share price is totally depends on the attitude of the big boss ,KLSE nowadays super bull on health care stock cycle,whatever stock claimed herself involve with health care products can push up to limit up and klse regulator will stay one eye closed on your doing intentionally.But be causes before the music stopped.Latest example MMAG shoot up to 1.16 ringgit , the company business not related to health care at all ! Although the company losing money and trading with negative P/E but klse regulator and people don't care .So,if you dare and brave enough to gamble ,you made money.
To push Boustead share to limit up ,the company must made announcement saying that it's taking over a glove company,sadly,the company director do nothing just sleeping around to collect salary.
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....
thestockoracle
391 posts
Posted by thestockoracle > 2020-09-02 18:23 | Report Abuse
this is not an uptrend counter and with losses piling...not a good investment for now. price is massively overvalued for lousy prospects...