This is a very exciting moment to see the latest announcement on Mr Chua Lee Seng's substantial shareholding in TAFI on the same day as TAFI's issuance of notice of AGM.. All of you will know that Mr Chua is a very successful furniture business man and is the founder of Liihen. With him now holding more than 7 % will see more significant corporate development in TAFI.
The infrastructure for high quality office furniture in TAFI is very well in place except that its marketing strategy is too conservative and should Mr Chua gets involved, TAFI' s revenue will rise significantly.
TAFI IPO price was 70 c when it's par value was 50 c. Currently TAFI price is 53 c. Yesterday saw the largest volume traded at high at 39 c and closed at 29.5 c. Should there be any further corporate development .. price of TAFI should comfortably range between 53 c to 70 c.
Time to watch closely TAFI and it's going to be very exciting.
Qtr report is out... not too bad with a small loss .. as usual low revenue due to lack of marketing performance,. Balance sheet is good with surplus cash balance, good installed production facilities and most importantly numerous properties that are well in place and ready for expansion if needed. The Company can effectively turn around if a good corporate plan is instituted to turn around by aggressive management.
My observation over the last two days showed very positive development arising from increasing share sales volume.
On 26.6.2020.. 2,965,800 shares traded between 25 c to 29 c .closing 29.5c. Then on 29.6.2020, share volume is maintained around 2,888,400 shares with prices ranging between 29.5 c to 35 c .. closing at 30.5 c.
It is interesting to watch the volume trend from now on. TAFI has only 80 million shares and with an average daily transaction of 2.9 m shares is 3.625 % shares traded on overall number of shares.
Fellow friends.... today broke 40 c and it is one of top 30 gainers in %. AGM is over and the concert starts regarding strategic plans. Currently at 40 c is still cheap and the next target is 50 c and aiming for net asset value at 53 c.
Am pretty sure something exciting brewing.
Good luck and while watching Tafi. .. good to watch Liihen too...
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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....
mahorse
381 posts
Posted by mahorse > 2015-11-18 22:49 | Report Abuse
Tafi , furniture stock yet to move. Too quiet far too long