he is too greedy, his nagocorp listed in hong kong worth 12.35billions.,now he want to rob all the poor helpless retailers.he is 70years old ,he think he can bring all the money to the other world.
Investment strategy is depended on individual financial capability and flexibility. Calvin Tan is rich and has lots of spare money. He has holding power like Warren Buffett and he has the bullets to buy all the way down. I guess, for him perfect timing is good but not critical as those small capital trader. The point here is you can follow him if you are as rich as him. Same thing I can't follow Warren Buffet strategy because I am a small investor with small capital. My time frame is shorter and I can take higher risk aiming for higher return. I can even go for short term trading on lousy but speculative stocks, hit and run, that Warren Buffett will never do.
Did you missed buying RceCap when it was 78 cts after consolidation?
To day RceCap is in headline news because of increased earnings.
When up more than 100% the market sit up and take notice?
Time to buy is when market still don't know.
Now let Calvin tell you a secret
ANOTHER RCECAP IN THE MAKING:
Islamic Pawn Shop!!
Where?
Joint Venture between Bank Maumalat & POS OFFICE. Both owned by DRB! Wuhu!
GIVING OUT MONEY LENDING THROUGH ISLAMIC PAWN SHOP!
Very safe just like RceCap got Govt loan deduction.
To pawn something you must have collateral like Gold, expensive watch or other items of Value. If can't redeem pawned items? POS/Bank Maumalat can sell it off by bidding.
And times are bad due to inflation & GST!
So more people will need to borrow monies. The margin of profit in pawn shop is very good. Almost like "Ah Long" rates!!
And there are 700 POS OFFICES THROUGHOUT MALAYSIA.
Directors want to privatise the company but only offer 5 sen per share. Not many takers so they have to buy in the open market to boost the total shareholdings of the directors and other friendly parties to at least 90% before privatisation can become successful.
Klci down red to the sea,i must jump to this rescue boat before late..hope tomorrow this boat become optimes prime can fly and make me smile..awesome..
After change of shareholding since 2016, this company change around from losses to profit for the last 3 Qtr results. The best ever qtr results was out today. That means the company now is in good hands. That is why I said buy long term since the price is cheap. Prudent and hardworking management is vital for any company to move forward. This is the one stock worth the second look.
Only can say this stock is good to buy for long term. As the property sector going to end and Company does not launch any new projects. So, next QE might rely on the tourism and leisure from their Nexus resort. Congratulate to the company archiving good result.
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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....
prudentinvestor
4,471 posts
Posted by prudentinvestor > 2016-06-07 16:48 | Report Abuse
Increase offer by 50%, sure he can.