Too many super penis counters competing to get retailers attention and money, so maybe PHB sharks keep low profile and wait for less competition later to push up the price. Otherwise, with so much competition means less retailers participation for each counter.
I read but don't truly understand. Does it mean that the company want to do with some traded securities because they want to use it for WRP or whatever upcoming?
normal time unlikely, but this is not normal time, they can use a few millions of the unutilised RI money from last year, to create tens of millions for themselves. RM 5mil can give 0.05 cents dividend ! At least something la....
Shareholders have 70% of shares!!!!! Only roughly 3billion shares free to manipulate, price move definitely something going on and we don’t care... how they wanna play.. by next few weeks it will turn like pdz
After CPL obtained the 28%, they should own 50% of total shares issued. Thats why easier for them to push. Charlie, they can use the RI money as dividend if hey want to , its just returning unutilised shareholder funds back to shareholders as dividend mah. Win-win
I think it simply means dealings in any transaction by directors during price sensitive periods. Like before results are out, board meetings etc.
Since a lot of company release results around this time, you will see that many companies with any transaction by directors and their families during this time is considered "dealing during closed period".
Quote from Chapter 14 of Bursa Listing Requirements;
(b) “closed period” means a period commencing 30 calendar days before the targeted date of announcement up to the date of the announcement of the following to the Exchange –
(i) in relation to a listed issuer, its quarterly results; or
(ii) in relation to a listed issuer which is a collective investment scheme, the fund’s quarterly results or annual reports;
SO...this latest announcement is only related to up-coming AGM.
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....
niubee126
544 posts
Posted by niubee126 > 2020-07-21 13:28 | Report Abuse
Ambah kayu dan kipas supaya bakar kuat kuat..