dug out some old news. GPA propose RM150 million capex for 3.6 b glove annually , 12 production line.
So now GPA already had almost RM150 million. if u dont believe , u can calculate all the money from private placement and existing RM 60 million in their bank.
GPA is a NET CASH company, currently hold with net cash 61.40mil & not included PP, it is almost Rm150mil, Free of Debt & loan, current liabilities is 7.24mil & NTA 0.110 with a total shares of 1,530mil
Gpa will have another wave of spike up soon. Just take a look at how PNE was goreng on last Friday, with the same gang of operator, GPA definitely stand a chance of spiking up once again!
Less than 3 minutes suddenly over 30 mil changes hand , retailers got so much to sell ? or retailers got so much to buy ? Buying and selling queue 0.11 and 0.115 combined less than 20mil before it happened . We only hitch ride. But it is individual believe , which road the bus will take and how long it take to reach it final destination.
gpa might not be spiking up so soon. this few days see heavy distribution phase. the price might need to consolidate further first to see higher prices. so summary is be patient.
GPA need to announced its next direction for the PP fund. how will they allocate it? take over or setup from scratch. till then i think the price will just be around 11c. so sad
@madcow what you say is true. glove news is outdated. it would make a different if Regal Orion come to the news again. Data center business look more promising
many started to dump 0.125 yesterday in 2nd half of the day, last minute someone bought very little volume at 0.13 so nothing to shout about...today 0.12:0.125
OTHERS GPA HOLDINGS BERHAD ("GPA" OR "THE COMPANY") - INCORPORATION OF NEW WHOLLY-OWNED SUBSIDIARY, JOE GLOVE SDN BHD
You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
JOE GLOVE . the name does not sound professional at all. like cincai cincai name only. haiz. and the director is also involve in vsolar, lambo.. i can see the future is so bleak !!!
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....
bobochacha
536 posts
Posted by bobochacha > 2021-01-12 23:45 | Report Abuse
aiyo.. u all did not follow the bursa announcement one. today announcement of PP at 10c is the last tranche of the 20%.
means PP is now all over already.. now is time to start their engine.. where will the money go??????