GLOBETRONICS TECHNOLOGY BHD

KLSE (MYR): GTRONIC (7022)

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Last Price

0.525

Today's Change

-0.005 (0.94%)

Day's Change

0.52 - 0.535

Trading Volume

9,163,900


17 people like this.

8,693 comment(s). Last comment by ShareFortuneTeller 1 minute ago

jooortp

153 posts

Posted by jooortp > 2 months ago | Report Abuse

Retailers are the one buying the dip. When APB dispose, ikan bilis will burn hard...

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

APB is expected to nosedive fast and furious when it resumes trading tomorrow. No supports but only a few of speculators are taking their chances of do-or-die....

Posted by NatsukoMishima > 2 months ago | Report Abuse

APB bankrupt also nothing impact gtronic ! Something good n hidden gem in gtronic is brewing until some smart investors want to swallow it all !

necessity

109 posts

Posted by necessity > 2 months ago | Report Abuse

CEB and Gtronik have similar postmortems..
with Fed cut rate around the corner, this will all go down to how they manage the debt.
this is where CEB have the advantage, compare to Gtronik.
but doesn't mean this is bad counter,.it just matter of managing the debt.
for now..
i ll sit aside and watch.. more bears coming.
time will come for good technical entry.. patient is the key..
for now..it a falling knife!

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

APB is impacted by the investment loss in Gtronic. Basically Gtronic has messed it up with its corporate governance issues leading to loss of confidence in the interim management.

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

RM has been strengthening against USD hence making exports more expensive which would impact the export of Gtronic in terms of its upcoming QR.

Posted by NatsukoMishima > 2 months ago | Report Abuse

Just temporary issue

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

It takes years if not century to establish the reputation but it takes second to destroy the said reputation leading to loss of confidence and trust among the investors.

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

It is believed that another round of exodus is expected for Gtronic. The incumbent auditors,KPMG is said to be communicating with the new auditors for the reasons why they quitted in protest.

tkkiong

24 posts

Posted by tkkiong > 2 months ago | Report Abuse

they r still many dumbs who want to try their luck ...

Posted by InfinityTifanny > 2 months ago | Report Abuse

hm...Wait for it to settle down at 53 cents for a while and then hentam 😬

OrlandoWeb3AI

4,909 posts

Posted by OrlandoWeb3AI > 2 months ago | Report Abuse

APB used GTRONIC shares as security for its 100+m loan to buy its GTRONIC shares?

OrlandoWeb3AI

4,909 posts

Posted by OrlandoWeb3AI > 2 months ago | Report Abuse

If yes BIG time margin call forced selling incoming?

EVO118

2,144 posts

Posted by EVO118 > 2 months ago | Report Abuse

They do have a controlling interest. There is a pot of gold (cash). Companies has been taken over & strip of it's assets before liquidation. A common practice.

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

The quickest way is to strip off the " cash reserves" from 200m to none. 60m has already been stripped off while the remaining of 140m is to be stripped off soon . NAB will be depleted soon , leaving the investors in cry like hell............

OrlandoWeb3AI

4,909 posts

Posted by OrlandoWeb3AI > 2 months ago | Report Abuse

So double whammy?

GTRONIC itself whammy

GTRONIC share price whammy

Share price will whammy first

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

You have put a lot of whammy on this counter as if it was destined to be doomed ...............

cK1973

1,965 posts

Posted by cK1973 > 2 months ago | Report Abuse

is it good when big investors left the company????
lighter n can fly higher.....
or to the longkang????.....

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

When the Lion king is gone forever , what is left is only hyenas are lurking around and messing about ............. No show.

GSX1111

129 posts

Posted by GSX1111 > 2 months ago | Report Abuse

normally, if the major shareholders exit the company carry weight. It means their outlook on the company is negative. Further this is EPF, carry alot of weight.

Bursino

314 posts

Posted by Bursino > 2 months ago | Report Abuse

The Old Turkey Buzzard left with a bruise. The carcass ain't worth a dime. 😁

fortunefire

1,517 posts

Posted by fortunefire > 2 months ago | Report Abuse

EPF will return once the revenue shoots up + declare dividend

EVO118

2,144 posts

Posted by EVO118 > 2 months ago | Report Abuse

The dividend policy was a legacy of the original 2 veterans , the Chairman & CEO. A way of rewarding themselves. It's a new generation, this policy might not continue.

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

They are now scouring for new potential customers to boost revenue , until then, it is a guessing game

Posted by Yatchaifatt > 2 months ago | Report Abuse

Flying soon..

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

Flying to the moon ?? in your fantasy only ...............

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

likely to fly Kite ...........

Posted by InfinityTifanny > 2 months ago | Report Abuse

Waiting for the market to digest the difficulties. Then 🔝🆙

Posted by NatsukoMishima > 2 months ago | Report Abuse

Ready to sapu ticket for next tech frenzy !

Ryanlim83

24 posts

Posted by Ryanlim83 > 2 months ago | Report Abuse

Gtronic business keeps deteriorating and auditing issues will cause share price to be depressed

Posted by InfinityTifanny > 2 months ago | Report Abuse

Share price starts bottoming up instead. haha. Looks like it's settled down yesterday

SCM2023

95 posts

Posted by SCM2023 > 2 months ago | Report Abuse

NatsukoMishima & InfinityTifanny, it appears that short sellers have been caught off guard. We'll see how high the stock price can go, and APB is also showing signs of recovery. The chart indicators will show a reversal soon after today's pickup. Free Europe tours again for year end

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

illusionary and unstainable. Another round of exodus by EPF and LHJ is expected

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

APB is embroiled with a lot of issues such as suffering from huge investment loss of 100m +++ to excessive price paid for the acquisition of Gtronic , QR is deteriorating from one season to another season , material errors and misstatement in their financial reporting as highlighted by their external auditors in its recent audited accounts , loss of confidence in the interim management by its shareholders etc etc

limch

3,262 posts

Posted by limch > 2 months ago | Report Abuse

EPF exit why up 3 sen can haters answer?

limch

3,262 posts

Posted by limch > 2 months ago | Report Abuse

Up 5 sen now.

fregend

580 posts

Posted by fregend > 2 months ago | Report Abuse

Im not a hater like Joyvest, just made another good dinner money thanks gtronic more to come

SCM2023

95 posts

Posted by SCM2023 > 2 months ago | Report Abuse

limch and fregend, investors seem to have already factored in all potential concerns. It's now a matter of how the stock price will perform. Let us book our year end Europe tours.

miomio

7 posts

Posted by miomio > 2 months ago | Report Abuse

GTRONIC wants EPF & LTH out of as their shareholder..

fortunefire

1,517 posts

Posted by fortunefire > 2 months ago | Report Abuse

woohooo! huat ah

Posted by NatsukoMishima > 2 months ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1394351

Dont simply bodoh think gtronic = serb when change auditor bevause this is a very solid fundamental stock !

Posted by Jonathan Keung > 2 months ago | Report Abuse

EPF exit GT due to founder cashing out. Possibilities of GT has now found it's footing after the drastic fall in the stock prices

Posted by NatsukoMishima > 2 months ago | Report Abuse

Gtronic will back to above rm 1.50 at year end tech frenzy ! Vstec = rm 6 , ranhill = rm 2 , ytl = rm 4

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

They didnt change the external auditors at the AGM as a normal procedure and process but they are said to compel the auditors, KPMG to resign before expiry of their terms of office. It is believed that the external auditors have unfolded some irregularities for which the Company was not happy...

joyvest

10,533 posts

Posted by joyvest > 2 months ago | Report Abuse

Until the company has addressed the said issue, it is unlikely that the share price will spike...

Posted by NatsukoMishima > 2 months ago | Report Abuse

The share price starts to spike now until next year ! Joywest

Posted by EatCoconutCanWin > 2 months ago | Report Abuse

Buy. All in. This company can't die

Posted by EatCoconutCanWin > 2 months ago | Report Abuse

Buy now sell rm1.20

limch

3,262 posts

Posted by limch > 2 months ago | Report Abuse

Why joyvest still here? Up 7 sen today still not a spike? What other stocks consider a spike?

joyvest

Until the company has addressed the said issue, it is unlikely that the share price will spike...

2 hours ago

fregend

580 posts

Posted by fregend > 2 months ago | Report Abuse

joyvest must be shorties gang, spend so much time here to spread negative news

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