those bilis out should feel safer those bilis still in, will feel different soon. over goreng, and don't think can sustain at the price may drop to 0.40 to test the support
I felt quite uncomfortable with Pelikan because it kept on forming a doji at the top today, so I decided to sell all at 0.835. Half an hour later it dropped down to.0.82. Thank God I validated my knowledge and trusted my instinct.
Bought at an average cost of 0.809 last Wednesday. +2.6 sen profit is ok.
no substantial volume coming in Pelikan, all volume recently were from retailer, considering the uptrend movement, i think i will keep it at least for June...
In all cases which I noticed over the years, where the Co intended to maintain listing status in Bursa, their price normally would trade at 0.10-0.20 above the Special Div/ Capital Return sum after the Co's annoucement.
The most recent example was SCGM (declared SD RM1.85+ Cap Return RM0.36= RM2.21). The Co's share price trade ard RM2.40+ after the Co's annoucement on 09 May 2022. I think the price never stay below RM2.21 since then until the Ex dates.
Anyway, after EX SD N Capital Return of RM2.21, SCGM's price was being pushed up to the highest RM0.70+ and its RM0.585 now.
Only for those Co who doesnt intend to maintain listing status (or to go for privatisation), their share prices will be few cents below Special Div/ Capital Return after the annoucement till the delisting date.
So Pelikan is a very weird case. Or investors are not confident with the deal???
I have been buying this stock for more than eight(8) years. Every month top up when it was sleeping. Collected the last special dividend. Sold 80% of stock at 82 sen. Current holding is at "no cost". I will top up again if it slides again. One of the best in my portfolio. You need "tokong" like patience.
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....
Yu_and_Mee
3,455 posts
Posted by Yu_and_Mee > 2023-05-04 18:37 | Report Abuse
those bilis out should feel safer
those bilis still in, will feel different soon.
over goreng, and don't think can sustain at the price
may drop to 0.40 to test the support