Won court case abt RM40+million with interest recently, now won SG contract RM44milion.. but price still being pressed/hold down. Bintai price should already 0.45- 0.50++ with all these new receiveables and big contracts won.
Big shareholders want to accumulate back shares at cheap price.. won court case n won big projects from SG still price being press n hold down at low price. Other same sector stocks already move up high but bintai still unable to move up.
Big shareholders buying big last and this week buying strength strong again. Something is brewing. Share price is way below its fair value with in coming money from winning court case and big projects in hand.
In 25 may 2015 when financial qtr profit out showing +ve reports + potential win big projects, Bintai share price shot up from 0.21 till highest 0.44 in same day! The next day up till 0.45 and close at 0.38.
Won court case big receiveables and big projects from SG, still not yet adjusted their financial NTA share price. Big shareholders already bought many bintai shares in mid april.
mirete1101: I dont have news/info for the coming financial qtr report. Optimal purchased via share swapped was done at RM15millon with 2 new shareholders on board done early 7 March and Bintai share price rose highest 0.28 end of March.
3 Big shareholders bought Bintai shares at 0.23 from 6 -21 April and highest price rise up till 0.26. After that price start to drift back 0.235 - 0.24.
It seems the Bintai shareholders collecting bintai shares at dirt cheap price but not pushing up the price much even after secure big projects and won big receiveables from recent court case.
Price and vol lacklustre... need some boost coz many other stocks already risen up way much higher compare to Bintai still lagging far behind.
Getting so many contracts but 2 QR reports are still in red. This shows that Management and directors are not competent and efficient to tender contracts with a view to make profit.
Optimal Development purchased abt rm15million via share swapped and 3 big shareholders also buy increase their shareholding at 0.23++ and above hitting highest 0.28 last mth with retail buying strength, yet price retrace down after lack of buying support.
With recent +ve news share price didnt rally up much it but when financial qtr report making lost, share price drop back.
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....
char1234
5,299 posts
Posted by char1234 > 2017-02-23 03:23 | Report Abuse
i feel it has to be after this month qtr result announcement.Shld b good result