if it is due to the appointment, then this is a good news for entry price, buy on temporary bad news that cause the price drop below intrinsic value, question is, do you think with his appointment will affect the whole business for long term?
Of cos it will affect the whole business in long term, the scammer gonna be in the throne someday running the business? lol
But is ok, old man will not let the price drop because of this, he will push it back up. ~Up up up. Notice the push from 4.33 to 4.35 then 4.38 yesterday?? I wonder....
Anyway just kidding, am sure he regret doing what he did when he was young. His rich old man should be even more regret having a son that scam. But on the bright side, he was released without conviction on a 12-month good behaviour bond.
at 4.37+++ , all the goodies had been factored in, no more meat here already ! dividend payment also dropped drastically so the appeal for this counter already no more in the radar..
Yup ray, people in the know will buy more tomorrow and that will be a confirmation that something is up. Perhaps OnG, another big mill contract, major acquisition of plantation land, etc etc...
CB Industrial Product (CBP MK) Technical BUY with +13.0% potential return Last price : RM4.61 Target Price : RM4.80, RM5.23 Support : RM4.33 Stop-loss: RM4.28 BUY with a target price of RM5.23 with stoploss at below RM4.28. CBP’s share price has consolidated in the past 3 months after entering correction mode from the recent high of RM4.80. The share price established support at RM4.33 before recovering gradually and rising above the short-term downtrend line yesterday. The positive closing above the “cloud” on the back of a higher trading volume of 0.85m shares (vs 20-day average of 0.2m) signifies the creation of a new up-leg. Given the bullish crossover recorded in both MACD and Stochastic, we expect to see a stronger momentum lift the share price higher and restart its long-term uptrend. Moving forward, we peg our next target at the 1.38x Fibonacci extension level of RM5.23. Expected Timeframe: 2 weeks to 2 months
Based on the chart pattern, we expect CBIP to move towards our measurement objective of RM5.65. Traders who are looking to buy into the stock should target RM5.62 (3 bids below the RM5.65 TP), while employing a strict stop-loss at RM4.39 (representing 3 bids below the RM4.42 support level).
Interesting development. Bonus issue I can understand considering their strong retained earnings. Warrants ? That will usually be accompanied by right issues. Don't think this company requires to raise cash at this moment.
Strong fundamental and bright prospect helm by strong management team. Bonus and free warrants can duly be given to reward the loyal shareholders. Strong cash reserve.
i told the board that 5 years later the company need cash due to large amount of capex required for oil palm planting in indonesia over next 10 years.so bonus warrant is neccessary.
Interesting, thanks for the info. That will only mean share price will be moving up. Let's hope it will break the RM4-80 resistance level in the coming week.
Earning growth for this year is almost certain..and with their aggresive planting in indonesia..we can expect the company to grow 3-5times its current size in 3-5 years..
Wow, rise 1.7 since last December and double since bought. Next December rm6. In few years this will be rm15 when Palm trees profit is kicking in.!! Keep tight tight and keep collecting and wait for bonus or dividend.
Bonus One for One plus Free Warrants One for three , capitalised from retained earning. Great potential to improve liquidity and leap forward RM5 before bonus go ex. Reward the true investor.
No worries Firebird2. Broke RM4-80 today. Will be interesting to see if it can hold tomorrow, then RM5-20 should be the next resistance level. Anticipating some positve news with the quarterly financial results which should be out within this or next week.
raytheclay, bonus 1:1 is a very powerful reward plus the free 1:3 warrants. Hopefully more people realize that the management always takes care of small shareholders like us, and the fantastic potential of the company.
risk averse, yes outstanding management is the better word to use. lets follow our leader LCB, and let him take us to a higher level, starting tomorrow, > Rm5.00
Yes..haha..more to come.. there are right characteristic of grow in this co, strong market dominant in thier insutry, strong profit margin, strong balance sheet,lead by outstanding group of ppl..good dividend,now bonus issue with free warrant..
haha yes,, your words ring loud and clear in my ears all the time, more to come...after this bonus issue and warrants (LCB wants us to enjoy these without asking us for extra money LOL, good dividends, what more do we want? ), its still more to come.
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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....
regnig
259 posts
Posted by regnig > 2014-06-11 20:46 | Report Abuse
Too bad, no wonder today drop alot