Market Capitalisation is only 85 mio. If the free float shares were only 40%. Then you only need less than RM 10 million to move this counter. We need more institutional investors to take note of this counter and participate in it. Ricky is promoting it thru media. If the quarterly earnings come above expectation then you will see the shares continue its momentum up. Volume is slowly picking up. Today we can expect this counter to hit above 70 sen. Hope we have a nice closing like yesterday. 10/04/2014 08:04 trader8899
traders8899...with the small cap...we cannot underestimate the ikan bilis. They will be a force to be reckon when combine. Cannot depend on Demi now as they are very weak and i believe when a party lose control sleeping on the job, they deserve to lose it.
brighterday...may i know where you get 9% for Demi....Base on bursa latest report, they still held 22.85%! however, I believe this figure wud come down as they may not subscribe to some of the rights/warrants.
My analysis is that the weak holders are out already...so now the price is playing catching up. If want to wait for news, end of month will know the financials...most likely eps will be good again lor. Company is debt free and rock solid...more people invest will go up....if come down something wrong lor.
Ikan bilis is always the followers. We need some big punters to start initiating the rally esp when this counter is illiquid. Yesterday we saw some big volume entering the market in the late afternoon. As expected the rally continues today. Hope closing price is above 70 sen today. if so we can expect more ikan bilis to enter the market and help drive up the price.
Hi trader8899, If you dont mind. May I apply to become your "small punters" to push up BRIGHT counter. I wan to push up BRIGHT to another new high (post Right Issue) to RM0.930 in 3 months.
kidding la.....I am poor person I know I am not qualified at all.
usually counters with no institutional investors will settle for PE of 7. if we can expect 12 sen annualised earnings then the target price will be around 84 sen. Since Ricky is trying very hard to promote Bright (go to Bright's webpage "News Centre") Sun Daily, Focus Malaysia, Nanyang Daily, Sin chew Daily, Bernama, China Press, The Edge... mostly like more hedge funds will participate in this counter and value the counter at PE to 15 which translate into target price of RM 1.80. If profit is maintained with increasing revenue (something they didnt achieve in the previous quarter) then this counter is surely ready for re-rating. Happy Investing!
Demi didn't subscribe to rights, they held 9,888,888 shares out of the enlarged 129mil shares. The bursa announcement were not updated after right issue completed.
There are still tremendous values in Bright. They have cleaned the books of its accumulated loss and maybe this is a step to woo in more institutional. Agree with you guys...80 + cents is a fair value for now.
BRIGHT warrants are getting attractive. Feb 18 BRIGHT 67.5sen BRIGHT-WB 26 sen. Yesterday's closing Apr 10 BRIGHT 74.5 sen BRIGHT-WB 27 sen. See the diffence? Happy Investing! Buy at your own risk.
exactly have to agree, the Warrants are out-of-money now. Not too sure if this is a trap. But outlook on Bright Packaging is excellent! Cheers everyone!
Bright is holding well when MARKET BREADTH is not good, ratio losers to winners at 2.5:1.0. Interesting to see another pick up in the late afternoon for this counter. If so someone is accumulating slowly and progressively.
As long as it hasn't reach fair value, there won't be many sellers...Many other counters has reach their multi year high and now shd be bright time. Cheers
Tracyjz, you are right. Just share some info from other other forum. Mr OTB is buy call for this stock yesterday.
Stock: [ASIAPAC]: ASIAN PAC HOLDINGS BHD
Apr 10, 2014 11:10 PM | Report Abuse
I recommend a buy on Bright today to all my clients at 0.72. I WhatsApp to them around 3.00 pm and the price just shoot up to 0.76. Dear all my subscribers, am I telling the truth ? Please do not buy the warrant because it is trading at 56% premium which is too high and out of money. Thank you.
No late buying by smart money compare to the previous two days. More selling pressure at the close of trading as traders reluctant to hold their position over the weekends. BULL finally win the last battle and close one point above the previous day's close. Volume has started to show some activities and interest in BRIGHT-WB may come to light after a strong up trend by the mother share. As the share is approaching the exercise price the risk of buying into BRIGHT-WB is diminishing. Based on last weeks' volumes of BRIGHT-WB against her mother share there are not so many buying interests into the warrants. I believe things are going to change once BRIGHT continue its momentum up trend and approaching the ex-price. More volume and volatility of BRIGHT-WB will come into play next week assuming BRIGHT demonstrate the same interest this week. HAPPY INVESTING! Buy at your own risk!
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....
HC Lee
1,518 posts
Posted by HC Lee > 2014-04-09 16:26 | Report Abuse
Come on...eat all the 70 sen