hovid may trade higher should the classical buy sign is maintained.. however.. sideline is the 2nd trend.. worst case.. 0.425 seems to be a strong support ... 2nd half seems to be an open secret tat it may generate more profit.. based on the assumption tat the buss remain stagnant as 1st half.. the profit is still double digit growth over last yr, since 0.48 is his highest.. do u agree tat it may easily surpassed this resistant.. cheers
hovid owner likes to play contra himself .probably selling now n buy back later... contra profit for him..look at the big volume ,looks like distrubution
Not really... uncle Hovid sold most of his shares bewteen Sept. to Oct 2014 with average price of 0.38 under disclosure of Director's disposal..it doesn't makes sense for him to sell low and buy back high..anyway most of the big volume buying occurred from February 2015 onwards after favourable reports from various analysts and trading houses at average base price of 0.44..its better to hold and buy on any dips..as the next 2 qtrs will reflect better on Hovid's coming financial performance as the new factory will add more production capacity and new equipment for higher value products to boost profitability. This factory is expected to operate from April onwards..:)
I was hoping that he will announce tycothrenol (how to spell it?) license, I already quit this counter at 0.445 bought at 0.375 (20 lots only --- plankton here). so sad that here is no news on tychoterenol :(
It will be nice if they announce a bonus and rights issue to raise working capital to finance the new plant as retained earnings and reserves is already more than RM89 million :-)
265 I have entered some lots, can't hold my temptation to it :) who ever selling 265, it's going to be eaten fast, may be got some cheaper shares later like 260,255..who knows?
If the bonus and rights issue materialised...as a cheaper way to raise working capital as loans from banks is getting more expensive nowadays the mother is a better deal :-)
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....
npznpznpz
315 posts
Posted by npznpznpz > 2015-02-27 13:31 | Report Abuse
must be our dark knight