employees have excersise ESOS at 0.075, eventhough market trading at 0.07, paying higher price. Cannot understand the logic unless keeping in anticipation price will shootup for quick sell.
if you analyse their BS& PL, last Q, it has cash /fd of 10m, value of plant /machinery 26m. Overdrat 17m and islamic medium term 13.7m. net eqiuty is 65m, The only problem is very very small turnover. if management can address the turnover issue the company can comeout of this doldrum, At share price of 0.075 you wont go wrong.
those small retailers never learn. it wont break 0.075. the news is just a distraction to unload big volume of sells. without having consequences from SC.
the counter is in the top active board now. when the buy que was at 0.070, there is no buy interest 0.075 from the markets. the volume is not genuine, the reason why the volume suddenly spike today due to operator is changing their hands.
hi pizzaboy. i am not here to recommend counter, im here to alert small retailers out there, especially counter where mr mak siew wei is on the board. too many people trap in his counters. most of them are new retailers. some of them using epf money and lifetime savings. im not trying to be saint here.
how are they able to unload if they don’t push up price to make it attractive for retailers to buy?? as you said current volume due to operator changing hands, meaning minority only offloaded to retailers.
you are right i have position, and my position lower than current price. but what does that have to do with what i asked? you said yourself you are here to alert small retailers like me, so just getting your feedback on what i asked.
depends on your perception. accumulation and distribution is an art. if you wanna hold its up to you. mak siew wei also onboard in fintec. just be carefull if you wanna put hope on mark siew wei counters.
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....
frankietan
355 posts
Posted by frankietan > 2021-01-15 23:08 | Report Abuse
Believe me , next week will up to 0.09 .