It can be up and down for any given day. but if there is any guide from what we had seen on the Ecoworld. i.e. when Ecoworld right issue the new share to tape the capital market, it price already reach close to 5.00.
You are correct. If you are holding Encorp share, will you sell it to Felda at 1.55 ? You will sell if market price is < 1.55. If the price is > 1.55, you will not sell. Felda does not have any intention to take it private, hence the price of Encorp should be supported > 1.55 so that all share holders will not want to sell their shares to Felda. It will be very costly to buy back all the shares. It is cheaper that Felda supports the price > 1.55. If next quarter result is good, the stock price will be > 1.55. In this case, Felda buys it at a very good deal price and does not need to support the share price. Assume you want to buy a listed company at 1.55, do you do your homework that this deal is a good deal to you and you buy it at a good price. Thus, I believe the stock price will be higher > 1.55 in next 6 months and next quarter result must be good. It is just my opinion, I may be wrong. Thank you. 08/05/2014 18:32
Barbarian Kekeke OTB is the best..... 08/05/2014 18:36
wtclau Mr Otb, your explanation make sense. 08/05/2014 18:54
Ooi Teik Bee If my aforesaid assumption is correct, I will not buy Encorp. I will buy Encorp-WA instead because WA is selling at a low price and a gearing of 2.26. Encorp-WA is value for money. Final decision is yours. Please also read the below link : http://klse.i3investor.com/servlets/forum/800001789.jsp Thank you. 08/05/2014 18:57
Optimuss, you are such a loser still harping about this counter when OTB advised all his subscribers to sell and take profit. Here you are a sore loser waiting and waiting. Indeed a loser. I took profit with the WA when it hit 89, you holding telur. When going up, you hiding up someone'>>>>>>>>>. I called you to appear but you were a eunuch.
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....
splendid_ignorance
359 posts
Posted by splendid_ignorance > 2014-07-14 15:44 | Report Abuse
should be able to hit 1.80 near term baring any unforeseen circumstances. A small free float will also be beneficial when the stock is on an uptrend