This consolidation and private placement is to avoid PN17. Opportunity to buy in as from previous after private placement it was up 10X in the matter of months.
bought a few at 0.235 today, since price is still so cheap now following a positive QR, seems like management in the right track now ditching it's non profit subsidiaries and focus on moulded cord business
they use pp money to pay debts, future financial cost will be much lower, very crucial thing is their future company EPS, which highly dependent on their main business moulded cord
from now on depends they serious on back to business or continue to play goreng saham game only
sold back all at 0.235 today (losing brokerage fees), to me it seems like this QR has run out it's catalyst power to pump the price up, will keep on monitor this counter for it's next QR and see if there is better fundamental and entry price by then
hwgb engaged in manufacturing and trading of wires and cables; molded power supply cord sets and cable assemblies for electrical and electronic devices and equipment... hmmm
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....
SWT1988
1,347 posts
Posted by SWT1988 > 2023-05-22 09:15 | Report Abuse
In 5 years, 4 become 1 twice. Will it drop below 0.085 today?