If any one don't buy Ataims at RM 3.48 because it is costly to buy and the upside is limited but at RM 0.52 and below it is worth to buy because it is cheap to own and the upside is too much profit gains..
Quote oskchoon Ataims COO bought around one million shares at 0.52 any price below is a good opportunity for COO to buy more
He bought under margin lar, show show only.
Anyway, oskchoon, appreciate your kind hearted.
If VS just on announcing themselves voluntarily that Dyson orders to reduce, its price can drop to 0.63 in 3 years ago and managed to find back enough new customers within 2 years, In this case, Dyson terminated ATA, i believe ATA price will really drop to 0.20 and wait for them to find new customers in the at least next 12 months and suffer loss for another 2 years. But their RM330 million cash be adequate to help to hold the price above 0.30-0.50 for short time if they are willing to do so.
However, to privatise ATA may be more rational as the owners own more than 60%, if the price really drop to 0.20. Restructure and find new customers and rebuild and relist in another few years.
More i read more du lan...this round loss a big deep hole..
@oskchoon Buying at 0.22 against NTA of 0.67, it means you are buying Ataims at 70 % discounted price, it case Ataims go bankrupt, you bought 0.22 and Ataims have to give you back 0.67, you think hot money don't get any better than loosing money to ppl..
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U are the last person who eligible for compensations if ataims bankrupt before long q creditors get all the NTA ! Their 3xx million cash soon will become rm 300 within 1 year !
Buying at 2morrow let say LD 0.22 cents is quite safe aldy with minimal downside risks from a high of 3.48 ! Possibly many will take this opportunity to accumulate for short term gains since the brokerage fees and etc is minimal. Even profits 1 cent is sufficient to cover all cost and the rest is profits if it rebound even more than the 1 cent figure.Hot focus counter by 2morrow with many operators taking position on a buying selling spree .
Hari ni Ataims tetap masuk pukat masa pembukaan dan sedia utk tambah harga 22 sen jika limit down.Berapa banyak sgt dia nak turun lagi,kadang2 bila terlampau berkira nak harga murah sgt kita terlepas peluang.Apapun tepuk dada tanya selera.
• ATA IMS Bhd is expecting another 40% drop in turnover for the financial year ending March 31, 2023 (FY23) following the termination of its contracts with Dyson, its largest customer, which contributes to about 80% of its revenue.
Cost-cutting measures will be undertaken in response to the termination of contracts and that the company is working towards maintaining profitability by lowering costs to ensure sustainability. The termination of the contracts does not affect its operations, it said, except for the termination of tenancy and organisation-wide cost-cutting measures, and restructuring of bank borrowings for excess facilities, as the company is not required to hold as high levels of stock as before. For FY22, it is expecting revenue to reduce by 30% due to the impact of the MCO and the shortage of workers.
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....
oskchoon
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Posted by oskchoon > 2021-11-29 21:11 | Report Abuse
If any one don't buy Ataims at RM 3.48 because it is costly to buy and the upside is limited but at RM 0.52 and below it is worth to buy because it is cheap to own and the upside is too much profit gains..