Always watch the warrant to know IF this has any merit. Metals are going down faster than any other commodity. Perwaja is bankrupt. This may be a hostile takeover. Be very careful.
06Sep2013, this China company was involved in restructuring of "Tiger Brand" China company which nearly went bankrupt due to high debt load. At the moment July 2015, this Tiger company is still mired in debt, restructuring is still ongoing, requiring assistance from local China government.
This China company is using the same trick to pretend to be Perwaja's white knight. What are the benefits? By goreng shares to earn easy money and left?
newcomer123: First day u come to i3? LOL, bunch of fortune-tellers only come out only when price is dropping, they will laugh and mock... But when price is up, you will not see a single sight of them, sometimes I really enjoy their little clown talks here. LOL PS* Do not try to talk back with them, you will waste your time and they are happy u do that actually...:)
Why the China man so stupid to buy heavy loss making Perwaja? Is he thinking Perwaja only steel company in M'sia? Why not Masteel? Masteel NTA is RM 2.36 vs Perwaja -RM 1.88(negative NTA meaning heavy debt not heavy asset).
Why the China man want to spend (RM 1.8 billion?) to buy heavy loss making Perwaja? Is he thinking Perwaja only steel company in M'sia? Why not Masteel? Masteel NTA is RM 2.36 vs Perwaja -RM 1.88(negative NTA meaning heavy debt not heavy asset). I think he can take over Masteel for less than RM 500 million(less than one third Perwaja amount)(shares value and clearing all debts amount).
last Thursday, price open at 0.305 then up to 0.32 within 15 minutes... after that all the way down to 0.28-0.285. Many ppl kena trap by seller who want to dump their share... This morning guess less buyer will buy in...
many ppl say buy on news... compare to 8 May 2015 has a good news and the price up 32%. But last week news seem unreliable and somehow it look like a trick~
Sad to see many sound expert here to give commment without any technical or fundamental justification to tell weakness or strength of that stock. Distribution on 0.315-330 Done, second phase of accumulate is ongoing for next push up...
Fundamentally perwaja shares worth -RM1.80. This is the fact. If China company wants to be major shareholder, they should start buying from open market which is much cheaper. After months of talk kok, not even 5% perwaja shares are accumulated. I see lots of distribution at 30cents. China man not finished dumping yet. So they support at 26 cents. Once retail investors sapu all, then you see "Sayorana!!!"
Never trust China related businesses, just like how you should never trust a China stock, many people never learn and many have gotten burnt...food for thought...
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....
sg999
1,806 posts
Posted by sg999 > 2015-07-16 10:38 | Report Abuse
trap...........