Aizuddin1199 ask me I bought at RM1.78? Yes, i bought at RM1.78. Now price above RM1.90, my money is safe. Usually i don't chase high but if there is a hidden gem, why not?
Killer , Thanks For Info. Same Situation June 2012. Why Not "freeze" PHARMA Share Price ? PHARMA Up From RM5.90 -RM11.00 ... Everyday Limit Up (x 3 Days).
Personal opinion, since this company has insufficient retained profits for bonus issue of shares, dividend etc, i think the price is pushed up for possible share split (increase liquidity), allotment of new shares like rights issue/private placement (fund raising) and this might be the reason the company cleaned up its rubbish last year (RM39.3 impairment on amount due from subsidiary company)
Type Reply to Query Reply to Bursa Malaysia's Query Letter - Reference ID IQL-30092016-00001 Subject UNUSUAL MARKET ACTIVITY Description Teck Guan Perdana Bhd ("TGP" or "the Company") - Unusual Market Activity Query Letter Contents We draw your attention to the sharp increase in price of your Company’s shares recently (“trading activity”).
In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of Listing Requirements :
1. Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions;
2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;
3. Whether you are aware of any other possible explanation to account for the trading activity; and
4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.
Reference is made to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 30th September 2016 querying the Company on the sharp increase in the price of the Company’s share recently (“Trading Activity”).
The Board of Directors of Teck Guan Perdana Berhad (“TGP” or “the Company”) wishes to inform that to the best of their knowledge and after making due enquiry with the directors and the Company’s major shareholders and such other relevant persons, TGP is:
1) Not aware of any corporate development relating to the Group’s business and affairs that has not been previously announced that may account for the Trading Activity including those in the stage of negotiation/discussion;
2) Not aware of any rumour or report concerning the business and affairs of the Group that may account for the Trading Acitivity;
3) Not aware of any other possible explanation to account for the Trading Activity; and
The Board wishes to confirm that the Company is in compliance with the Bursa Securities Listing Requirement (“LR”) in particular Paragraph 9.03 of the LR on immediate disclosure obligations.
My gut feeling hinting me that the fund managers managed to rack in at least 1.5m shares on the last trading day. From my observation, this stock will open on a positive note....maybe between 2.0-2.10 range. We shall see.......how it move up north!
It depend if the contrarian will hold it or force sell by the third trading days. the volume last traded tell a clearer picture most contrarian has dispose of their holding The price ceiling freezing did a good job to control the price movement. Tomorrow will determine if there is more contrarian left in the market
haha this share no need anyone to write article on it also to push up. it proof that the company is still undervalue and move upside. ppl wan to collect and dun let u know first
Just now at RM1.78, i not sure want to add or not, but after a while, price shoot up already... never mind, wait see got any desperate seller coming or not...
Haha...force-selling plus panic selling in action...!The master-mind n his logger head are collecting more tickets up stake shareholding !! Hold the tickets if you can...take care !!
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....
StockLearner
328 posts
Posted by StockLearner > 2016-09-30 10:55 | Report Abuse
Aizuddin1199 ask me I bought at RM1.78? Yes, i bought at RM1.78. Now price above RM1.90, my money is safe. Usually i don't chase high but if there is a hidden gem, why not?