The right issue was under subscription, so the major share holders had took up additional 38%+. Would probably see lower today and may be much lower next week. Will look to collect below 12 sen and hold for medium term. Be very cautious and happy trading!!!
Tigerroar, it will be a long long time before it can goreng back to 33cts. u shd have sold after the rights issue. Pity you. I av had this experience before with Systech. From 40+cts to 8.5cts. Till now never ever recover :(. Thats the risk wth goreng stocks :(. Cheers and good luck to you anyway!
Hi Tigerroar, hv you taken up the rights and warrant? if not at 0.15 senn , it is still cheaper than the rights by 0.0111 sen. Dont worry, if history will repeat itself like the last run up to 40+ sen which was also after the right issue. Be cautious always.
Why the shares go up instead of going down since there are more shares being entitled to list today from Rights Issue? Is it the majority shareholders/directors goreng?
EPS from 2011 of -28.5 sen increased to 0.25 sen in 2012. if the business trend is as the same as 2012. Expected 2013 EPS will be 28.75 sen. So the price now is considered as cheap. Am i right?
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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....
tigerroar
542 posts
Posted by tigerroar > 2013-06-12 14:47 | Report Abuse
So many buyer & seller at 0.195! Are they buying & selling among themselves?