i cantsaid that people that enter market for last 6month were newbies or the one who buy on tips...they were not the one who buy 5 or 3years before when OLDTOWN were sleep...
Penta has slept even longer period, I was struggling when price droped from 0.87 to 0.74, I sold it & keep reminding myself now to trust my judgement & not by price movement. But sometimes it is just not easy. I am still learning after so many years in stock market.
good thoughts moneysifu..when you tell story about penta, gonna miss the time when i just said "wait, not the time..wait, not now"..and as time goes on penta is out of my radar..suddenly the result shown its true self..
we are all still learning, there are no such things as rigidly correct or wrong..market were just too hard to predict..
On its prospects, OldTown said the weak consumer sentiments that continue to prevail will impact the consumer purchase behaviour with regards to eat out of home occasions and in turn will create a tougher business environment for the café chain operations.
“We also expect more of the tightening regulations and policies of the government that directly impact F&B industry and this will further create an adverse impact on the business.
“The Group shall continue its efforts to maintain its margin and improve its topline growth for café chain operation through various initiatives namely streamlining the menu offerings and focusing on building brand loyalty among customers via consistent product quality and customer service,” it said.
cafe chain only contribute small portion of profit. cafe chain is marketing strategy to create the brand name of oldtown. As long as cafe business maintain profit, it is better strategy then putting cost for advertisemen.
oldtown is con-man company. have u seen their menu. the chicken in the nasi-lemak picture look sooooo big, but when u get your nasi-lemak, chicken sooooo small. WTF!
Money sifu, don't scare lah, you goreng here goreng there, keep saying how good the stock is, i know you are selling now d, even good results, money sifu like to sell after he goreng around 100 %, stupid aunty uncle keep falling inside, he will keep saying how he wish to hold a stock for life blah blah blah.... then sell after XD
The co was selling their treasury shares well b4 qtr result out . Coupled with sub. Shareholders were selling all along . Thus when qtr result out more than - 50% , the sharp drop was inevitable . Unless the co come n rescue to buy n save the situation . Small punters got little hope to recover the heavy drop unless the white knight coming to safe the day. In short term will not be possible.
Yes , the present price is way above they had sold , unless the stock is undervalued , they have no choice to buy back even then approval must be given in AGM.
So moneysifu a conman? Most of the shares he recommended do fly. But cannot be greedy or you become charcoal following him.
procc Oldtown in Jan - March this year is below rm2.00. So, that is the right price for OldTown. Dont listen to people like Money Sifu. 26/05/2017 15:51
Many investors here over exaggerated the strength of old town earning. When results out and disappointed the price plunge. Invest wisely and don't follow blindly.
Just ask yourself. If you never go to OldTown cafe before after going will you go 1 more time? So even past numbers look good any guarantee future will repeat? If KFC different.
neotang that's right jackfruit, even the management is not optimistic and took opportunity to dispose shares. 26/05/2017 20:01
anyhow thank for advice, price movement is not anyone can control and it is purely the market reaction. I will not regret on my investment , I might judge wrongly. So far, I am confident.
For substantial shareholders disposal, they are not directors nor connected closely to the management, they are just one group of foreign investors.
If you really value them so high, please just buy when they buy & sell when they sell.
Don't try to be clever now to say: You should have sold it because they keep selling.
Same thing apply to kwsp, tabung-tabung, please follow them closely to do the same, buy when they buy & sell when they sell, then you will surely make good profit.
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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....
support1234
78 posts
Posted by support1234 > 2017-05-26 12:25 | Report Abuse
Rebound back to RM3 above by this afternoon...