They may purposely push down prices so that they can acquire shares cheaply. Am I right to say that a PLC requires only 25% public spread to de-list? Now Star has about 42% to 43% equity..it may need to buy more and more at lower prices.
I believe Star has plenty of assets- its big printing plants in Penang, Shah Alam, Menara Star bought for RM62 million cash years ago but should be worth double or triple now etc (forget the book value which often writes down the value)
Don't you think minority shareholders as always will suffer? Is de-listing actually a scam besides the pros and cons?
Lousy share no support at all. EPF keeps selling push the share prices down. Can below par value like Media Corp. Buyer less seller more. Feel been cheated thought it's a fundamental share. Shame on MCA share, no support.
KEN lagi murah yet cannot up.....NTA 1.56 profit up more than 30%.....ini bursa no cakap fundamentals one....all manipulation,stock cornering,pump and dump activities only
Have to wait for EPF selling out all their share before it can go up. Like HengYuan(Shell) EPF selling their share until lowest 1.90 takeover by Taiwanese company now 10.40 within few months.
What is the future of Star business model ... ? Printing media is hard to survive n less n less will advertise on this media .. Luckily sold some n forgo the 36 cts dividend
it won't go up as you see the revenue drop significant. that's trap. unless star found new business model to generate revenue.... otherwise Holland waiting
STAR's fundamentals remain weak and TA Securities' analysis of 21 Nov 2017 forecasts it's target price as RM1, whilst other analysts elsewhere forecast a TP of around RM1.60 or even RM1.80.
Anyway, the price looks like it could go through a short rebound, which would be an opportunity for traders but be careful.
The major problem which has affected news media (print, web-based and/or digital) is that whilst print circulation and readership is moving to web-based and/or digital, however the rate of growth of web-based and digital advertising revenue has been found to be between one tenth and one eighth of the rate of decline in print advertising revenue, which is a dilemma and an unsustainable situation for news media in the United States.
Whilst this trend impacted news media in the US earlier on, it is now impacting Malaysia which recently had 2.7 million fixed broadband subscribers and 28 million mobile broadband subscribers as of Q3 2016.
The sale of its stake in Cityneon was a shot in the arm for STAR this quarter but unless STAR can find another profitable revenue stream, I'm afraid the "Titanic" will continue to slowly settle lower and lower in the water and eventually below the waves unless MCA keeps pumping money in to keep STAR afloat.
Yesterday, 21 November was quite a roller coaster for STAR with its price opening up at RM1.42 from its close at RM1.37 the previous Friday, hitting an intra-day high of RM1.44, then closing down back to square one at RM1.37.
However, today it opened 1 sen up at RM1.38 and has held at that price for most of the morning with people buying at the seller's price of RM1.38 since 11:00:17 am and even after 2:30 pm. Bidders also outnumber sellers overall, so it looks like buying pressure has come in. So it looks like STAR's share price is on a rebound but once again be alert to any signs of downtrend which may occur.
I bought at RM1.37 and am watching STAR closely and will throw if there are any signs that the expected rebound falters.
After distribution of 30c div, share fell until now. Loss making company, Corporate company like EPF start selling it's own share even director sell also. MCA picking it's own stock. May drop further become penny stock.
Dumped at RM1.35 on Friday. I was wrong about the possibility of a brief rebound, even a dead cat bounce. Trading between RM1.34 and RM1.35 now, looks like STAR is heading south.
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....
Tanleechoo
447 posts
Posted by Tanleechoo > 2017-11-13 22:18 | Report Abuse
When is the last time u buy star people ? Youngster got read newspapers ? Sunset business