I collect Master at 55cts and selling at 66cts. This morning it reach 66 cts. It cab still go higher. 80 cts is probable the top. I would unload all my shares ( at least 500,000 shares ) at 75 cts. Below 60 cts I am still colect and my target is 5 million shares. Now you can rest better, I am sure. Those who had followed this counter should be all making a profit by now. Anymore questions?
With a Net Asset per Share of RM1.00, some profit generated from time to time and a modest free float shares, not surprising to see share price moving up slowly....
Astute investors r accumulating as it is trading at 45% disct to its NTA With just 40m shares at par value, sustained profitability, it's not surprising tat predators may Make a takeover offer friendly or otherwise. May take off like the British Harriet jump jet! Jump him b4 it takes off! TP 1:10 short term
It took off when I was holidaying in UK and Eastern Europe. Managed to study its latest Fin Results for FY2013. My 2 sen worth is buy on dip with the ongoing Crimea and Ukraine Crises. Fundamentally attractive with huge but hidden intrinsic value. Buy and keep will bring much financial reward.
Master-Pack Group ------------------------dated 12//03//14 (MPG MK) Technical BUY with +18.8% potential return Last price : RM0.720 (RM0.660 ~ RM0.720) Target Price : RM0.770, RM0.820 Support : RM0.650 Stop-loss: RM0.645 BUY with a target price of RM0.820 with a stop loss placed below RM0.645. MPG’s share price has gradually recovered from the low of RM0.550 amid a healthy correction from the recent high of RM0.690. Following a breakout above the immediate resistance of RM0.690 yesterday on the back of a higher trading volume of 0.72m shares (vs 20-day average of 0.18m), we expect the previous uptrend to resume hereafter. The ADX line gradually sloped higher in tandem with the +ve DI line while the MACD indicated a bullish development which, in our view, should push the share price toward the 1.61x Fibonacci extension level of RM0.820 in the medium term. However, conservative investors could try accumulating at the lower price of RM0.660- 0.720 on profit-taking expectations.
Master-Pack Group (MPG MK) Technical BUY with +25.8% potential return Last price : RM0.795 Target Price : RM0.890, RM1.00 Support : RM0.765 Stop-loss: RM0.755 BUY with a target price of RM1.00 with a stop loss placed below RM0.755. MPG’s share price has been consolidating within a tightening range in the form of a “symmetrical triangle” pattern in the last 23 days, with the emergence of fresh buying interest yesterday as shown by a higher trading volume of 0.75m shares (vs 5- day average of 0.5m) likely to push the share price higher in the near term. Despite a flat reading in RSI, we remain adamant that a positive closing above RM0.800 is likely to spur further buying interest and ensure a gradual upward shift toward the impending breakout of the “symmetrical triangle pattern. Based on the X to X projection, we peg our upside target at the psychological level of RM1.00.
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....
Kim Yap Lau
455 posts
Posted by Kim Yap Lau > 2012-02-08 15:41 | Report Abuse
So bullish..anyone know?