Yes Danny and associated sure holding more than 75%. Now company is in very good position to attract more institution investors on their share. Then they can sells a good price lah.
Foreign_fund what they said is true. Those PP partners bought at 1.78 kena teruk teruk. Those who bought at 1.55 and 1.40 hoping for rebound kena teow when RCUL came out at 1.30, the share price follow. Then we have Hng calling buy at 1.0x again kena teruk teruk.
Imagine at the peak when they change name to tropicana from Dijaya, they are willing to betray the name, then betray the PP partner, then betray their own staff who bought RCUL at 1.30, and then betray the loyal share holders some held since 2.15
Why ? Aiya, look at each of the development mentioned, there was RCULS exchange from Puan Sri. They looked like side deals setup knowing their gearing was going sour. If you look at each exchange followed by price drop, you knowlar
Being the case, did he not betrays a newly set up branding from Dijaya to Tropicana, did he not betray those who bought in at 1.78 to support ? Did he not betray his staff who are eligible for RCUL at 1.30?
yes,, whose see market down pls throw the trop now, let the price down kau kau ya, cause still many people to collect it. ...better let this counter drop until 0.93 again. tqtq.
That's becoz they covered long time ago and were dead wrong. Who dare to cover?. confuse Where is other IB coverage? Are they quietly collecting now? 27/11/2015 15:16
CEO resign is not a problem for Tropicana in fact can save cost which is good for shareholders. CEO is needed to improve company sales and share price. We have Ung Lay Ting as SGM for marketing and sales.
AFTER finding a shelter at the five-year lows of 83 sen on Aug 25 during the previous prolonged correction phase on extended selling pressure, Tropicana Corp Bhd shares staged a relief rebound to a high of 98 sen on Oct 23 amid renewed bargain hunting interest.
Thereafter, this stock turned sideways, with prices fluctuating within a pretty tight band on consolidation or attempting to build a base for recovery, lasting slightly more than a month before a fresh bout of buying momentum led them to a positive breakout of the existing range yesterday.
Based on the daily chart, Tropicana tested the uppermost 200-day simple moving average of RM1 during intra-day session, also the first time since September last year, suggesting the underlying sentiment of this counter has changed for the better.
The bigger trading volumes, indicating investors were making a come back to this stock, added to our optimism.
Going forward, another good day, pushing prices above the RM1.05 barrier would give investors the confirmation that Tropicana is indeed on a new leg of uptrend.
The next upper hurdle is anticipated at the RM1.17-RM1.20 range, followed by the RM1.35 barrier.
Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were on the rise after triggering a short-term buy at the neutral area on Thursday.
The past week witnessed the 14-day relative strength index rising from a reading of 37 on Monday to settle at the 72-point level.
Meanwhile, the daily moving average convergence/divergence histogram climbed above the daily signal line to issue a buy signal yesterday.
Technically, indicators are painting a promising pictogram, implying Tropicana shares are poised to advance in the immediate term.
The immediate support is resting at the 94-sen floor and the lower 90-sen mark will act as a trailing exit. — K.M. Lee
Now Danny Tan own over 1 billion Tropicana shares. Next month he will receive over RM 50 million cash from dividend. Can someone volunteer how much money he will need to fork out if he privatise Trop at say RM 1.10 or RM 1.20?
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....
tksw
12,762 posts
Posted by tksw > 2015-11-27 11:24 | Report Abuse
antidebt sifu, why you said it trap? results good ma. dividend oso good. why still trap?