wait for Bersih and follow up events to settle down first. Most Malaysian shares gonna be affected. Also, the share price too high dy, div will not be that much this time around so price will dip a bit there too. Only 2016 onwards will see real profit so wait till price come back low then only buy in. I just sold all mine yesterday at 1.57. If you keeping long term, goodlah. Short term buyers, beware.
The current price drop is due to many people think the price is too high and afraid that it might fall. So they sell. Those who sell they do not know the company internal information. If want to make more money on SKP. Still can enter now at 0.96 to 1.00. Once the AGM announce the GOOD NEWS in Sept. SKP WA will hit 1.30 to 1.40 and SKP RES will hit 1.70. Those who still have SKP share, hold on till end of Sept. After the AGM announcement, can slowly sell away. Huat Huat Huat
how can warrant price hit 1.30-1.40 if mother share price rm1.70? exercise price now is rm0.55 so you want your warrant price at 1.30-1.40 wait till mother share price around 1.85-1.95.
The last 2 days of stock price drop is due to the market not good. All market in KL all drop like hell. As you see SKP RESOURSE and SKP WA today rise almost 10%. indicate this company has a lot of value. As for the GOOD NEWS, it will be release during the AGM meeting in end of Sept. Once this Good News release, the stock price will rise 15% to 20%.
Look like market still not at the bottom yet be careful anytime can come down badly again. Wait for good opportunity than slowly buy. Money in your own pocket is more safe. When market not good what good news also cant help to push up. Happy Trading.
Agree with you winston1, the price will reach to lower and lower due to fund player keep dump the shares out. This will trigger margin call activity continuously. TQ
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....
wonderboy
225 posts
Posted by wonderboy > 2015-07-29 11:18 | Report Abuse
Why the price can rise to 1.50 with only 1.26 eps?