Everyday share buy back, until now still got no quarterly result ?
Date of buy back 10 Dec 2018 Total number of shares purchased (units) 964,900 Cumulative net outstanding treasury shares as at to-date (units) 15,395,000
SBB and maintain the closing price at RM 1.00 might for the prevention of margin call.... spending million a day for SBB doesn't bring any benefit to the company... cash is reducing by million a day...
Waiting to buy more and average. Still not sure as SBB also did not push up prices. It may suddenly move with big drop if QR is not good. Anyway I like this share and will standby to pick up if price is right. All other construction stocks have also drop drastically..
SBB won't push up share price that need a lot of million, I think gkent SBB to protect the rm1 resistance level, this won't cost them much. BTW today gkent SBB 1m but total volume only1.3m
Date of buy back 11 Dec 2018 Total number of shares purchased (units) 1,002,700 Cumulative net outstanding treasury shares as at to-date (units) 16,397,700
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 2.91117
If can accumulate until 10%, there will be less loose shares in open market. Remaining all strong share holders.
MyEG is just downright strange running from 1.00 to 1.61 within the span of just a few months. Just hope the loose sellers run out of steam so supply can dwindle, but looking at the amount of support the company is throwing in, it is hard to keep this up. The only chance for a recovery is perhaps once stable QR's drop in.
Funny thing ytd MyEG, today GKENT... and bijan and friends tengah trying to post bail like gila..
oh wai...
Anyway, for those of you with spare bullets, good luck. This kind of selling is unwarranted. Someone is desperate for cash, or the QR has gone to hell.. guess the odds.
As expected, the syndicate played down the price of GKent today after MYEG. The finance ministry cannot do anything within its power. Let the power people control the market. It is 90sens now. See if it goes to 84 sens.
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....
SHQuah
5,363 posts
Posted by SHQuah > 2018-12-11 07:43 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6001677
Everyday share buy back, until now still got no quarterly result ?
Date of buy back 10 Dec 2018
Total number of shares purchased (units) 964,900
Cumulative net outstanding treasury shares as at to-date (units) 15,395,000