Tomorrow may see some exciting action as price had indeed broken out as per pattern recognition technology by CIMB. Jetson may make announcements on their stand to recover their rights on rescinded LA. Dato is not experienced in this matter and they have good legal team.
I don't intend to hold six months unless fundamentals improve. Several months ago private placements were done at around 31 sen. So at 19 sen or below it is a safe entry price.
Some listed companies especially GLCs have very powerful goreng kaki , high volatility and fluctuate few times within a year , but for many small size listed companies , the cook is hawkers Stall's cook . A bigger gap between buyers bid and sellers bid , thin Volume , tight controlled , goreng once in few years , goreng when almost cornered the shares.Some may shot up few times , some May be 30 - 50 % only .
Strong Fundamental and prudence in management .. makes the company versatile to any circumstances. With the NTA of > 50 sen per share, and the jobs in hand for morethan RM400 million and more to come, plus with the competant people within, it's no reason for the company to trade less than 60% of the NTA. Plus the earning potential shall assume well, I think the stock is in pretty good path
“In addition, the Group is also relentlessly penetrating into property development either through acquisition of land or joint venture with the land owner.”
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....
feikeisaw
6 posts
Posted by feikeisaw > 2017-07-24 18:13 | Report Abuse
Tomorrow may see some exciting action as price had indeed broken out as per pattern recognition technology by CIMB. Jetson may make announcements on their stand to recover their rights on rescinded LA. Dato is not experienced in this matter and they have good legal team.