price is supported by margin account---once stock broker house removed margin Cap, it will not increase again unless owner top-up with cash ( highly unlikely case ). Bcos "if" Boss has Cash why allowed Crash to squeeze his margin Limit
The warehousing team has really played well when cahoots someone influential. Guess the games of playing that person backside should be done by now. The short covering by some players may return but in full force within this or next week. Dr Y only held 15% of this counter and 50% by another shareholder. Good luck and let us eat popcorn and enjoy the show
Stock is grossly oversold. It has plunged more than 90% from 29.54 to 1.74 within 4 short weeks, likely due to margin calls from lenders. Strong Rebound is imminent.
look at the Fundamentals and not where it was before.. NTA just 1.60 and we are not sure if the NTA is real as Yu plays up everything. can a property company at NTA of 1.60 trade at 29?...ini semua Gila orang punta kerja.
Yes, but no one knows where the bottom will be. If you play big, you will be psychologically handicapped by the likelihood that it's a major accounting fraud like SerbaK, Enron or Arthur Andersen. FYI, Wing Teik dropped from a $4.92 high & rebounded for 4-5 days briefly after it touched $1.56 & 62.5c on 29 Aug '97 & 12 Jan '98 respectively BUT the ultimate bottom only came @ 15.5c on 17 Aug '98...The subsequent rebounds never got anywhere near the 29 Aug '97 low so if you happen to tikam the wrong price, it's almost a 100% chance of donation. Who wants to donate to a fraudulent Doctor Fry like Yu?
@EatCoconutCanWin Dr Yu only hold 14% of Rapid he could have sold a substantial amount to pay debt. The person who hold more than 50% of Rapid is not him. The only way is up for this counter after all the manipulation subsided !
when so many punters get burnt, the moment punters heard "Rapid Bus coming"---everybody leapOff office windows ( atleast can die in hospital with proper burial )
Fwiw, I must admit I couldn't avoid scratching my itch, so, earlier this morning, I have placed my chip. It's only a low single digit % of my 2023 trading and investing profits and even tinier % of my capital. This is 100% gambling, I accept I could lose this all. I probably got greater enjoyment if I use that money, drive to genting, stay there a few days and enjoy great drink and food, but the Internet made it so easy to gamble online.
@DividendGuy67 Do you know, …such info ? Anyway, rm1.6+ can be considered as quite a “bargain” deal. I still have not pull the trigger for RAPID because its stock price does not makes sense yet.
Posted by MOBAjobg > 1 week ago | Report Abuse
Net Tangible Asset (NTA) = Total Assets (TA) - (Total Liabilities (TL) + (Intangible Assets (IA)) NTA = 334,925,000 - (174,482,000 + 0) NTA = 160,443,000 NTA per share = NTA / Authorised Share Capital NTA per share = 160,443,000 / 107,491,000 NTA per share = 149.26 sen (based on my calculation or 150.09 sen (as shown on Page 9 of current FY Annual Report. By Warren Buffet (WB) standard, he expects 30% discount from NTA per share to make any sense at all. NTA per share after WB treatment = 104.48 sen.
Correction to NTA per share as calculated by me previously. NTA per share = 160,443,000 / 106,896,000 NTA per share = 150.09 sen Therefore, NTA per share after WB treatment = 105.03
NTA is not really am important yardstick to determine the price of a stock especially if it's an ongoing concern and the business is profitable. Just like a company with huge debt may not be bad as long as it can bring in sustainable income to service it's debt. In a simple sense people borrow money to operate business. So do not attach too much importance of NTA to stock valuation although it's only one of the criteria !
Try check back annual report 2021, 2020, 2019…… , from the 30 largest shareholder that page u can see many investment fund company got hold this stock, even that time price is Rm 15- Rm 20, do u really think those investment fund is SH ? Must be some valuable things in this company, that why they give such price…….
Just believe in your own analysis and buy/sell. I have bought some and gradually increase my investment in this company for I belief it will appreciate few folds. I will just such take such investment as a casino bet
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....
SinGor
4,917 posts
Posted by SinGor > 2024-01-24 15:42 | Report Abuse
In CapA, Tony only burnt Shirtless----Here even GuGu hair also turned Charcoal