BAT may be down today but certainly not out. It has proven to be a comeback king couple of times this year so don't underestimate it. Haters just want it to fall and let our country sink into corruption and illegal activities.
There are intra day short sell,probably short high in the opening and cover back just before the close,these manipulation of the prices are at the expend of short term players
286mil Free float----only 10mil Vol turnover Friday (3.5%) And they said it is a Disaster MCO results Looks like everyday trading Vol. in most Bursa stocks
I noticed from the report that legal FMC(factory manufacture cigarettes) for this QR ( Jan 20 to Mar 20)is around 30%, illegal FMC is 58%, Vapour 11%. That mean illegal FMC has reduced from 63% to 58% when compare with previous QR(Sept 19 to Dec 19). In fact this is an improvement in curbing the illegal cigarettes market share.
have been eyeing this counter since it was 9+ in March, but didn't buy because I listened to some so called clever friends that it's too expensive? ha! BS..
should have listened to my own thoughts back then instead.. dumped all my budget into other stocks.. can't sell yet.. sigh.. hope i can catch the train in a week or 2 time.. meanwhile, good luck!
Tobacco is largely recession-proof. And sales are still strong in the world’s emerging markets..And given the uncertainty of the stock market these days, maybe people will smoke more.
The bulk of the sellers are likely from Holder bet. 100---10,000shares ( 11,179 individuals ) Holding about 6.47% of Total shares ( 18,472,062 shares)---( 9.9mil Vol on Friday---almost 50% turnover---those want to Sell already Done )
One individual is holding 142,765,000shares( 50%)-----BAT Holding
This pandemic had not only caused bat alone even SIA became first ever net loss of $212mil in their 48years history,many has run for their lives,for sure bat will flight to the very end,so this is not as bad as expected it to be like SIA loss in 48 years history
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....
Hush77
1,266 posts
Posted by Hush77 > 2020-05-22 17:01 | Report Abuse
Sometime last minit they throw down