Last Wednesday shot up, this Thursday also shot up in the morning... They are testing resistance levels before taking it up to the next level... Be patient, your investment will pay off...
Fundamentally, London Biscuits has a substantial stake of close to 29% in Khee San Bhd and the latter's share price has gone up by more than 10% last week. By virtue of this, London Biscuits' investment value has also gone up in tandem and this, combined with other possible corporate exercises, is supposed to be one of the rerating catalyst for London Biscuits' share price.
Noted that Khee San has also seen the emergence of a new substantial shareholder of close to 15% stake and the recently completed private placement was at RM1.00 vis-a-vis NTA of RM1.67 per share and current share price of around RM0.65.
members do not listen so much to those promoting London because actual fundamental no strong. Their asset are inflated. Many investors and funds are preparing to sell when their price moving with volume. The reasons are fund already invested in London many years n being wrongly guided by London management.
Unfortunately, this week Wednesday - Thusday window which saw some healthy volume and price appreciation was just another one of the those Wednesday - Thursday windows that had taken place in the previous 3 weeks...
With the Labour Day & Wesak Day long weekend coming up next week, it is anybody's guess whether London Biscuits will deliver any positive returns...
In any case, the fundamentals remain intact hence it is therefore just a matter of being patient and timing...
Noober, the combined volume on Tuesday and Wednesday seemed to suggest that people were still buying... But this is purely my personal observation... You need to have holding power if you are keen and prepare to invest / hold for medium term...
Last week was a pretty good week for London Biscuits underpinned by higher volume and stronger price uptrend... Hope the encouraging signs and actions continue into this week and beyond...
London share price up currently bcos of another leading food company call OFI up 3 to 5.60 within 2 months. I still believe London only ride on it. Fundamental still very bad dun believe check the edge rating for London is less than 0.5.(0-3). 0 is the worst and 3 the best.
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....
shan75
319 posts
Posted by shan75 > 2015-03-12 10:23 | Report Abuse
Buying call !