the nta is 0.17, net asset is 0.12..the company record a steady profit..how come they can go bottom..i think at least they will maintain above 0.20 larr..juz my opinion..
similar like amedia..the nta is 0.265-0.27 i think, the cheapest it drop is 0.325 den rebound.. the company also record profit..onli goreng people let it dropper..but it cannot be lower than the nta..isnt?
Market downturn, ‘goreng-goreng’ also no use, cannot last long, not enough punters to support the price. Fundamentalists are not buying, PE not cheap.
Public portion IPO category oversubscribed 136 time is a distortion of market confidence. Proceed raised from public portion is only RM1 million ringgit. (5 mil share @ RM0.20).
They are just recycle the waste oil ... not recycle gold bar ......
wow..... crocodile and aligator also die in this counter loh....... high volume for 2 days.....trade from 0.35+ to 0.22 no winners at all. ..... i guess now this crocodile in the meeting to discuss how to dispose the share in hand........ hohoho..... crocodile burn hand loh..........
tomorrow is 3+1 days many contra kaki burn hand and burn heart....... any up trend will be the chance to cut loss.... don expect this counter can shoot up back to 0.25-0.30 cent. repco Law also can't save this counter.......
actually the business looking good,by recycling used oil & resell at high margin product.feedstock is cheap .potential seem like ok.eps around 4sen with p.e 4X .seem like cheap if compare oil & gas player which involved multi million ringgit.only player in malaysia.
This is high margin business provided how well manage by the top management, visit they factory and ask their business partner can find out true fact. I like this business , may invest little when T-4 tomorrow, if price still sustain means more investor hold for this counter...this business like scrap dealer, make tons of money.
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....
hyzam1212
133 posts
Posted by hyzam1212 > 2012-11-27 10:12 | Report Abuse
big fish targeting ipo price...