the par value for this counter is RM1 NAV is 0.54 recent major shareholder bought 250K shares at 0.55 Shud be able to touch at least 0.35 in my opinion
An ex-convicted company owing debts RM250m exceeding paid up RM47.7m listed under the style of Cygal Berhad dumped into PN4..that's history. Restructured in 2007 and now going into new era.AGM on the 27.6.13.
Friday' price is still below NTA 0.54,par value RM1,small cap 350m paid up is still worth looking into it rather than buying all those cheap under performing penny ACE companies.
The main support price to date will be 0.32 but due to the former owner who is still the current shareholder aggressively buying up the stake,any pullback on Monday due to weak overseas market will be 0.36. On the whole this stock remain bullish.
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....
Harold Huong
1,036 posts
Posted by Harold Huong > 2012-05-24 12:40 | Report Abuse
Sycal Sycal how are u?