Good morning. Why does the counter remain stable at RM0.095 to RM0.10? I heard that the counter will limit down and there are some sifus here predict that it will drop until RM0.005 from last week. I hope to buy at RM0.05 then sell at RM0.10 to get 100% profit.
It may rebound and caught everyone by surprise, but not before roasting many ikan bilis ..very unpredictable konter may win or lose big money worse case is for a man to have his car towed away just before CNY
Dear cashflow, good day. You should be careful. According to a sifu here, he ascertained that the counter will not rebound for sure and drop further to only RM0.002.
The stock price dropped due to additional listing, diluted. Price will stabilize and recover after listing complete. Major shareholders still holding around 0.12
Dear LiWei,better don't enter at RM0.085. According to mala173318, the counter will drop to RM0.02 very soon. Mr mala173318 keep advising us since weeks ago.
Can enter at 0085? -we dunno and nobody knows, everyone has asked this question when the price at 0185, 0165, 0125, every one of them thought it was gus entry price but look at the pricenow..big risk big gain but up to yur risk appetite
Current share price is depressed following the selling of 2nd largest shareholder, Arich which is already done, and now overhanging due to the conversion of ICPS and warrants. Based on record from their announcement, about 211 million of ICPS has been converted to mother share, from a total 689 million ICPS issued. Once the dust is settled, the share price would rebound in line with the improved earnings.
I believe Dynaciate, as the new Owner is a genuine shareholder that wanted turnaround the company, after few attempts by previous shareholder were unsuccessful. This is evident from the latest proposal whereby additional RM8 mil from RM40 mil ICPS proceed would be used to pare down borrowings (Total RM24 mil) instead of stretching their arms and legs to fund the industrial property development project. This would also bring down the gearing from 1.42x to 0.97x. They have also struck a deal with MMAG subsidiary to lease out the buildings for RM350k/month which translate to RM4.2mil/year for 2 years. A brilliant move since they would obtain instant return from their asset.
For the initiated, Dynaciate is one the emerging fabricator & C&S Contractor in Johor, with some presence in Gebeng, Pahang and Singapore. They are heavily involved in the construction works for Pengerang Integrated Complex, and became anchor civil/structural/piping subcontractors for few of the EPCCs there, and now doing job for Euro 5 Mogas project in Malacca. Oil & gas construction work require niche contractors such as Dynaciate, due to stringent requirements by Client. Many non O&G contractors have tried luck in Pengerang but were not successful due to underestimation of the requirements there, but Dynaciate have proven themselves there.
Taking over TatGiap, is probably due to the same nature of their business and also spreading their wings to northern areas, which Dynaciate currently does not have any presence. In the long run, expect more jobs to be secured and share price would reflect as well. Grab the opportunity while it is still cheap (at your own risk). Cheers!
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....
Depeche
4,451 posts
Posted by Depeche > 2019-01-29 00:22 | Report Abuse
Should gap down tomorrow...tp 0.6 to 0.7 to enter