Haha........... This fact has already reacted from two week ago, even if the US Dollar may decline to RM3.50 and how? Do you know? If the market is not such a message, and some peoples are panic, otherwise two days before I was able to buy-back some cheap stocks?
How come the Group MD Mr CCS so late to notify? He shall announce early, at least the whole markets are knowing that the Group MD cum major shareholder is buying the stocks, and trying to protect the interest of the minority shareholders.
During those period as stated in the said announcement, the facts that the lowest price of the PCCS was done at 27.5 sen. Try to imagine, how many minority shareholders are panic to throw? Pitiful!
Frankly, I am hoping and also expecting they can do something in coming. Since it's has been low profile for long long time, looks now will be a right time for PCCS to do some corporate exercise.
Thanks for the info! I believe that the upcoming Q3 results will be remained earning, therefore is now a good time to accumulate more stocks at this level, hope to get more cheap sells by next week, especially those who has asked to leaving one.
In technical point of view, previously that this stock has not yet tested 90 sen. Therefore, I believe that from now on, which maybe as a good timing to be tested, and hopefully can try to breaking the mental resistance of RM1.00.
Based on 3 months transactions as shown that the current average price has been consolidated at about 75 sen level, and now is looking more cheap deals for accumulation. Does who wanted to leave shall be a good price now for sells.
I really like their commitment in the aforesaid report as read:-
16. COMMENTARY ON PROSPECTS
The Group will continue to consolidate and centralize the operation to further reduce operating cost. Management will continue to focus on improving operational efficiencies and controlling its operation expenses to remain competitive in this challenging environment.
Barring unforeseen circumstances, the management will endeavour to achieve a satisfactory result for next quarter.
The retained earnings as at 31 December 2015 is RM44.31 million, which is equal to RM 0.74 per share. Haha.......... Based on the current market price that maybe a good timing for issuing of bonus by next quarter.
Bro, You might right. I also feel that something wrong of this financial reports, look like still continuing with their poor management. If they are still continuing with their own way to manage that they shall look for privatized the PCCS.
This King Li really so stupid!!! falling love in stock. See, today sell down. Some more keep dreaming issuing Bonus Issue and keep dreaming today will fly. Hope you keep dreaming for 0.90 or $1.
Old man, Why you are pity me? I am still making money whether am shall sell or buy. Only thing to hate that I am suspected the Chan's family members are using their nominees account to trade.
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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....
King Li
220 posts
Posted by King Li > 2016-01-22 21:07 | Report Abuse
Besides, its a big surplus of the trade and other payables against the trade receivables.