as per ta rpt dated 3/6/13 Increase ‘tradability’ of share. Note that the major shareholder of SKP, Dato’ Gan, has made several rounds of share disposals in the open market and through married deals this month. In total, he has disposed of close to 24.9mn shares (or 2.57% of total outstanding shares) at average price of 34.4sen/share last month. We consider the disposals as part of the plan to improve the group’s share free float level after the company issuing bonus shares (1:2 bonus issue) and free warrants (1:5 warrant issue) to shareholders in June-12. This will enhance the tradability of SKP shares and remove the liquidity discount attached to the share.
if any chicken wants to sell, pls unload all now, i've waiting for 0.295-0.30 since forever
Yeah, the sell queue is definitely his! Looks like IBs may have absorbed enough. Either that or they are focusing on Fed's QE decision this Wednesday I would think. Market very cautious
Fed will continue QE in my opinion. Bernanke mentioned before a "few more meetings" and also reading from the other respective heads within the federal reserves, (and these are inner circle of Bernanke) that the chairman is keen to keep easy monetary policy until unemployment is below 7%. 6.5% is the target still. Trying to ffind yesterday's article from Bloomberg I think
Bond traders in japan started the panic because they are unsure how abenomics will play out if the yen currency keeps weakening and Usd follow suit. Go read moneyweek.com. good article
1QFY14 earnings to normalize. SKP’s quarterly revenue slipped below the RM100mn mark for the last 2 conservative quarters. Besides the seasonal trend we highlighted above, we believe it could be due to offloading activities as Dyson, a major customer of SKP, bumped up its purchases before the opening of new stores in Shanghai and Beijing in November 2012 (see Chart 1). It may have already offloaded some of the stocks purchased in 3Q-4QFY13. As such, we expect sales for 1QFY14 to normalise to above RM100mn.
few months back ppl also said no hope when i bought at 0.295 and 0.30 and i sapu 20% return each 2 months later. next quarter result will be much stronger without cny effect and the above reason given by ta
guys, i fully support alex, listen to alex and abandon ship now like no tomorrow, coz i wanna grab at 0.28. as like tiekyu said all stats are dropping, why holding, sell all now
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....
jeffycf81
148 posts
Posted by jeffycf81 > 2013-06-17 09:49 | Report Abuse
now is pullback the price, is time to get it more..