Movement this time somewhat similar with that over a week ago. After surge with high vol, price pull back with about half of earlier day vol. Let's if will correct a few more days
wce is for longterm holders. Do not attempt to play contra. You will only realise good profit later on. Good to slowly collect provided company do not do private placement at dirt cheap price!!!
Thanks John. It's good that we retail investors "brainstorm" & discuss among ourselves, esp to see what are the possible risks that may cause price to fall. Nothing major it seems. Pls do correct me if I'm wrong.
@edge, I think the company prospect is improving year by year as more section start contributing toll and with increasing traffic volume. Not forgetting, the 40% holding in Rimbayu will continue to contribute profit over a long period too.
Hopefully, it will rocket up to RM0.7 and above. I know many of us are the strong supporters to this counter. If it rocket up rapidly, it will benefit to those old fans as you and me. Meanwhile, it will not benefit to those who cannot wait and have left the ship.
Good news: The convert of 134,517,908 Redeemable Convertible Preference Shares (RCPS) holded by IJM into new WCE Holdings Berhad Ordinary Shares. It clearly indicated that IJM has a plan for WCE.
Personnally, I will support the huge convertion of this RCPS. We will not be able to see that huge convertion in future. It showed that WCE is warming up. However, it is only suitable for those long term investors.
Hi new here ..some kind expert can help... 1.Is the highway partially open and collecting toll?Or need to wait the final section ( 30 months complete) to collect toll .. 2.The conversion of RCPS..Read the additional listing shares issue price is 0.28..are they related ? how much IJM and rest others paid for for the conversion? Asking this to gauge whether the management is practising good governance since investor need to commit with them for the next 3 years. 3. Any comments on their warrant..WF and PA( over value??) ? TQVM
@ Albert, @ John. Thanks for your reply. Besides natural disaster n financial fraud, other possible risks could be govt policy (ie, cap on toll rates), high highway maintenance expenditure, low traffic or PLUS "throw price" to starve off WCE. Recent price action suggesting a more promising outlook, perhaps more new sections opening soon.
About PLUS throw price is not possible as WCE is cutting Southbound journey distance and time from the North at a very advantageous ground..Kuala Kangsar to Ipoh portion of PLUS is unofficially but popularly known as The Widowmaker
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....
JL9999
27 posts
Posted by JL9999 > 2021-03-18 10:42 | Report Abuse
@Kengor Where got fly oh?