All takeovers usually end up with a huge price spike following the acquisition. Lots of examples around as mentioned in the blog. Very safe to ep at this price as takeover price was at 60 sen. I have most of my cash here since 61 sen. Just waiting now for the durian
Of course it is possible that E&O in the future may go even limit up as anything can happen in the future. We can never discount that possibility. However the price offered for the take over is reasonable as even the major prominent shareholders have excepted the offer. Property development business currently in the doldrums and it will likely take sometime for the condition to change for the better. Perhaps those who are "smart" enough to buy cheaper prior to the offer announcement could make good easy money. We can clearly see that there were a lot of active trading prior to the announcement date and those buyers can easily make quick gains !
So disgusting IVT from kenanga. Put fake buyer to play pump and dump. Make this counter so cheap quality. You think I don't know it's you? My 1 lot trade can test you out. Get trapped? Lose too big this month? Have to hit your target? By the way thanks for pulling up the vwap. Waiting you to take my position later.
Compared with previous results, amount loss narrowed to -72 ++ , previous -189 ++ , the offer was made based on previous results. So, there is nothing concern on the results. Don't hope for cheap tickets.
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....
Powerplay666
1,023 posts
Posted by Powerplay666 > 2021-05-19 17:10 | Report Abuse
Rm1.50 tp. You heard it here first