patience. Easily 1.00. It has been holding nicely at 0.62 for a few days. Normally this stock wud have gone back to square 1 if nothing on. This time is so different.
iWarrants BIG previously belongs to the brother of the new CM of Sarawak. Probability is high that his brother or sons are making a comeback. After hitting high of 0.86 this morning, I believe it will settle around 0.75-0.77 for while and before starting to move again. Will collect again when it touches 0.75. Already unloaded mine.
angelina2 quite unlikely that BIG will be smacked with a UMA. The % increase is too small. Yes, it moved but not to the extend of other counters like CMSB, ECOWORLD, MKH etc.
4elements, I assume you r waiting for q report out too yea? if 2013 year report back to initial level where net profit around 3.8mil or ++, I has the chance to push up to >1.00. , furthermore, with more OnG capex plan to rollout next 5-10 years, BIG has a very bright future. could turn into a major OnG player, they cover all, operation, processing, refining, distribution and marketing. another BIG GIANT in the making.
iWarrants I believe the Qtr Report will not be spectacular to be honest. The O&G sector may take some time to show results. Nvrtheless, the assumptions of political backing augurs well for this stock. So far with the stock price moving from 0.40++ to 0.80++ there has not been any UMA which is a good thing. Most probably they are playing in such a way that the increase will not be too substantial to trigger UMA. I believe the time will come when UMA will be triggered which by then they will have more concrete reasoning for the price movement. This is most probably be after the 1.00 level.
agree, from sharewatch, it seems like someone is collecting the shares. its a good thing, its best if like ock if top 20 shareholders have more than 80% shares
The share base is only 48K. If and shud they venture into the O&G, they will probably push it to above 1.00 and from there on perhaps call for rights issue etc. No surprises. Let's hope it will hover around the 0.70++ level. Level by level support.
BIG has nothing to do with supermarket. The business background written there is totally wrong. They are NOT involved in supermarket. Go to their website.
iWarrant, just double checked the share issued. It is 48,000 shares which is peanuts compared to other counters.
With the shares issue of 48,000, can easily move to RM1.00. If it were to go above RM1.00, the probability of it being slapped with UMA is high. But I strongly believe they are ready to answer for it
Definitely got something going on. Or else cud not possibly moved from 0.40++ to its present level. This counter started to move 2 weeks after Adenan Satem become the Chief Minister Of Sarawak. Satem family coming back to the corporate world via B.I.G. !!!!!!!!!!! Very Possible
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4elements
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Posted by 4elements > 2014-03-25 17:08 | Report Abuse
patience. Easily 1.00. It has been holding nicely at 0.62 for a few days. Normally this stock wud have gone back to square 1 if nothing on. This time is so different.