A lot of forum participants must be wondering, after the news broke up in March that worldwide industrial gas industry is undergoing a consolidation mode. And the rumors was saying that SIGGAS will be the likely candidate affected by this wave. Now fast forward in July, the share price of SIGGAS has moved up from 50+ sen to the highest of RM1.06 and now consolidating at 90+ sen above, how tangible is such rumors? I cannot answer, but I wish to share what I experienced in MOX, about 10 years ago...
10 years ago, MOX share price is trading with price range within 10% up and down but in general, an uptrend, in conjunction with the revenue expansion. The privatization rumor of MOX was also raging fiercely that time because 10 years ago also saw the worldwide industrial gases suppliers undergoing consolidation mode (e.g. current big 4 industrial gases were born out at that time, previously got 9 players).
Finally the privatization offer come at RM17.00 for MOX.
MOX was trading at RM10 to RM12 range before privatisation. RM12 was the insider move before the privatisation was announced. Eventual offer price is RM17. 40% up.
heard staff from this company asked to sell this morning when 1.25, luckily follow him. he said this share will be pushed down again today 4pm. not sure is real not. anyway, i already off the boat
I speculate here...if you're asked to sell and the person asking is buying on the quiet, how would you feel if that party eventually controls the shares on the market and (thus) the price as he likes? Pure conjecture by me of course!
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....
ikantutu
774 posts
Posted by ikantutu > 2017-07-11 14:44 | Report Abuse
add again some just now