show looks like Li Houzhi is going to take MSPORTS private soon. Normally offer will be around the NTA, even of he offers 50% from NTA, still can get around 50sen / share, wow.. almost 10 times of the current price 5.5 sen.
This counter is nightmare. can't predict anything. Never want to stop declining. And we don't know why. is that possible they are going to close their office in Malaysia? My gosh, scary scary and scary.
harta999 most likely Lin HuoZhi or other directors will buy. LinHuozhi has bought at 11 sen few months ago so it make sense to buy even more now when Msports on cheap sale.
harta999 what does it mean by
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD
Do Ah Houzi get the right advise from Ah Liying CEO and did Ah Chuan audited correctly to go private. Are they packing up from Bermuda and shift lock stock and barrel to Malaysia. If so go private much later.
a lot of contra players bought few days ago cant hold, no choice but to cut loss and dump. Only to benefit insiders. If you are contra player, please stay out of MSPORTS... you are only helping those Chinaman to accumulate cheaper and cheaper.
Seriously I don't see anything wrong with MSPORTS, China in fact is the safest place to invest, soon world largest economy, massive reserves ( unlike USA, massive debts ). China just pumped in few trillion yuan into their financial system. Now everyone can buy shoes for Chinease New Year.
Too bad I got no more money to buy MSPORTS. I am all in, just wait for rewards.
if company go private, get the offer money. For example, If they offer to take MSPORTS private at 50sen, means they will give u cash 50sen for each of your share. Normally when such announcement is made, share price will go up to very near 50sen or above it.
how did you know it is going private? Any announcement? Today, the price is going to be 4.5 cents, i think. 5 cents going to go soon. what a crazy counter.
msport price sud be always higher than xdl, but after xdl gave free "warrant-c" 1 for 3, and free " bonus issue" 1 for 1, it is 50% lower than xdl, msports, u really disgraced everybody here, what a shame!
Don't cut loss cannotmeh? If this year Msports give free warrants how? Last year XDL reduce par value then give free warrants. So this year could be Msports turn.
I think I make a mistake making so many prediction, a lot of contra players fell for it hoping for quick gain and end up cut loss and force sell. These contra players don't understand that insiders will take advantage of them if they continue to cut loss like that. If you intend to play contra with MSPORTS, its not time yet. Contra players need to chase shares up when shares go up, not when it is going down and when insiders accumulate. Contra players needs to buy at higher price, not at low price like this.
taijackong, its really a crazy sales. MSPORTS still have RM370 million cash on hand with a tiny debt. And yet people go and dump MSPORTS shares until it is worth only RM26 million. IF take into accounts all the other assets, we are paying RM26 million for something that is worth at least RM500 million.
First time in my life I owned few million units of shares of a company a listed company, best of all, I spend less than 300K for them.
u guys want to panic, go ahead, u guys want to cut loss go ahead, u want to avoid also go ahead. I do not believe I will make loss if I just hold on to it. Don't know which idiot kept on selling and make MSPORTS kept on dropping. if you do not have intention to hold MSPORTS please don't buy it, you are just making it worse by cutting loss.
I still think it is bank force selling for some bankrupt trader, when bank do force selling, they don't care what price. I think 4.5 sen is bottom already, just see how aggressive buying was when it hit 4.5sen.
its a gamble. Just like gentings, if I lose all gone. This is a very big gamble but to me, the odds of winning is very high. If I lose. I will be broke. Coffin money also go inside already
At 4.5sen what kind of result also I think wont do more anymore damage. I just hope those chinaman make some good announcement, sure limit up. Damm Chinaman, just go and announce 1 sen dividend, guaranteed limit up.
One possible scenario is: All the cash is fake, it is all cooked up. Directors bought ESOS to inject cash into the company to keep it going or to cover up. Now they sell at 4.6 sen since they know the company is in trouble & want to get some cash back. (From announcement it is 'Disposal in Open Market')
Why not sell all if all is fake? Why still keep 16% stake? Normally ESOS is below market price why Msports ESOS above? Take GHL as example.
Posted by PureBear > Jan 30, 2016 11:29 AM | Report Abuse
One possible scenario is: All the cash is fake, it is all cooked up. Directors bought ESOS to inject cash into the company to keep it going or to cover up. Now they sell at 4.5 sen since they know the company is in trouble & want to get some cash back. (From announcement it is 'Disposal in Open Market')
Another possible scenario: If Lin sells all his shares then other substantial shareholder will take over the company & they will conduct a real audit & they may find out the discrepancy in accounting & Lin may go to jail!
I treat Lin Huozhi selling as CNY gift or 2nd time IPO. 1st time IPO 95 sen many suffer loss so this time is cheaper. Perhaps he also read someone here willing to cut loss until 2 sen or even lower. That's when I think he will sailang to buy back.
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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....
malinfan
698 posts
Posted by malinfan > 2016-01-27 10:27 | Report Abuse
rocky, u buy first, I'm selling liao... this a sinking ship...