Management not interested to move up the vol and price, so i pulled down the price for them by 2 cents. And i will continue to pull the the price till the co worth few cents since management dont give a fxxk to the price.
If i can dump some to lose to drop the price, naturally the management can bring up the price if they want to. When the whole market is seeing up, cres mgt couldn't be bother to boost the stock. Just let it dead like a fish. U still wanna play this counter? 2cents dividend not even worth when the dumb mgt is dead.
Yesterday sold off Cresbld for 30% gain. Don't worry, I am merely taking profits. Cresbld is a good company unlike LonBisc. Cresbld will not become a PN17 company. Don't follow me to sell. My reason of selling is to raise cash on standby.
Posted by TheContrarian > Jul 9, 2019 9:36 AM | Report Abuse
Yesterday sold off Cresbld for 30% gain. Don't worry, I am merely taking profits. Cresbld is a good company unlike LonBisc. Cresbld will not become a PN17 company. Don't follow me to sell. My reason of selling is to raise cash on standby.
Everyone have their own investment strategy. I am never fully invested. I always have cash standby. Right now I am merely increasing my standby cash and scouting for undervalued counters.
Yes, truly undervalued as with dozen other counters but for the past 3 years, the gains I made on Cresbld on each occasion only vary between 25 to 40% and there has been five occasions.
Undervalued? Under volumed maybe. Even after ex-dividend, price never goes up and keep falling. Yet nobody is keen to buy. TheContrarian..you should buy more coz there is no volume everyday. IB also not keen. Perhaps you can get 30% gain again in 3 years. Zzzz
With just mere few hundred shares traded everyday, how do you think it will bounce back? Can see that even in this forum, not much of interest from people to talk about. The counter will not move up if company operator is not keen to push up. Clearly can see that somebody is pushing the price down, not up. Who do you think? Just look at Ekovest or Iwcity will tell you the big difference, there is healthy rally every now and then with good volume. Luckily i dumped most of this stock, otherwise have to wait 3 years later to crawl back above rm1.10 Not worth buying guys. Better buy Ekovest or Iwcity and wait for BM good news. To Cresbld management, go screw with your own stock.
There is no short of good projects coming up or good pe for this company. But since it is such valued company, can the RHB or any IB who vouched greatly of the co. pump in to buy the shares? Why miserably low volume everyday until certain days, its only 1 buyer 1 seller playing? Only today it looks a little heathier. Please. Dont just talk, buy more.
Yeah whalehere. Good for you. I sold off and bought Dayang shares making 20% profit same time. How much is Cresbld now compare to Dayang just a month ago?
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....
Lilian Loo
12 posts
Posted by Lilian Loo > 2019-06-21 16:18 | Report Abuse
bought 1.09