People that you must follow on i3 list 1. Pang72: Contra God 2. Paktua: WhatsApp Pump and Dump God 3. Calvin: "I told you so, buy this company that I recommend instead" 4. Dompeilee: Appears in literally every stock that hit limit up Insider Trading God (I bought xxx stock x months ago, Now it is up 1000%. Wow I am genius) Usually buys low float (low issued share) companies 5. mf: Robot/AI God (Master predictor)
For Areca Dyanamic Growth Fund to take an almost 8% position, something juicy must be brewing? Issued shares only 45M, should "fly" next Tues after today contra trades force selling.
Opines no fundamental reason and basis for this stock to command and fetch such a rich valuation at RM 4.80(today's closing price).
That when: 1. For the past many years since 2012 the share is trading on narrow volumes and hovering within the RM1.00 price rand which is close to its NTA at 0.92 cents. 2.For several quarters now it has been reporting losses. Negative EPS,negative ROE.No dividend payouts to shareholders. 3.The number of issued shares issued only at 45.10 million and hence easily "manipulated". 4.What major t corporate development news from the company to cause the share to starts moving up since 15 April 2021? I can discern nothing positive.
In short the regulators like SC and BSKL should come down hard on such unusual stock price movement bordering on irrational exuberance to safeguard the wider interest of the investing community. The regulators have to play their mandated duties and obligations.
gcke...due to small cap (40 millon shares)...its easy to corner n manipulate the prices. Fundumentals does not play any part in the prices appreciation
regulators? ada "kuih" semua kerja jadi. for formality issue a UMA then expect a reply of "We are no aware bla bla bla..." truck off bull-dung la these SC ppl.
Unlike the super bull of the 90"s, for a "goreng" to be successful and can be sustain, presently, it needs to be substantiated with some "juicy" and reliable news. Whether TOcean is a goreng counter, your guess is as good as anyone.
@gjong1987 this is a highly speculative and manipulative counter. Be selective with what you are buying and investing from the market. Financials fundamental weak. Negative EPS,negative ROE and no dividends. Recent days three(3) long red candles were formed like dropping raindrops. Perusing through the technical chart as appended SMA10,SMA 200,MACD,RSI and also the profits made very quarter expect the price to fall and drop further to the fair level(historical) price around 0.80 cents.Net tangible asset(NTA) only 0.92 cents. View the chart : https://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=7218&mode=1D
People that you must follow on i3 list 1. Pang72: Contra God (FIFO master) 2. Paktua: WhatsApp Pump and Dump God 3. Calvin: "I told you so, buy this company that I recommend instead" 4. Dompeilee: Appears in literally every stock that hit limit up Insider Trading God (I bought xxx stock x months ago, Now it is up 1000%. Wow I am genius) Usually buys low float (low issued share) companies. Very intelligent person 5. mf: Robot/AI God (Master predictor)
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....
wallstreetrookie
9,784 posts
Posted by wallstreetrookie > 2021-04-28 09:18 | Report Abuse
I remember during Chinese New Year, this stock only traded under RM1.