dont think it is the directors pressing down but more like directors run out of bullets to push up ...it will probably need some big sharks to come in to goreng it up
The warrant is the golden egg / options to convert to the mother at this price , the owner won’t sell a block of share or private placement to you at 21 cents .. good opportunity to collect some mother or wa .. nta 37 cents ..
im not too worry about the warrant going expiring....the conversion rate is only 0.21.....and i believe current mother price already at the bottom.....u should see how they push up pantech wa and eg wc...both also near to expiry date and with much higher conversion rate vs their mother price
The mother share is really attractive below 20sens... Probably no extension on the warrant expiry date... But mother share could shoot up b4 16th of Dec ( expiry date )....seems to b under collection. Hopefully similar trend as Denounce Bhd
Local automotive scene doing well with new proton models x70 n x50....perodua myvi also selling despite slowing times.....solid should hsve a good qtrly results. Not buying warrant...just the mother only..... All the best...
Whilst others already moving up in anticipation of economic recovery following announcement of vaccine by Pfizer, this company still sleeping. Hope directors wake up soon and resume share buy back.
There are many other better counters . It’s been a downtrend counter for many years , that’s speaks about the credibility & ability of the person behind managing the stock & company .. Don’t waste your time ... invest in covid record stocks theme ..
Maybe they don’t want you to convert and hold Their shares at this price .. company at record turnover and profit since listing and share price at record low since listing . Maybe They want the WA to expire ..
After analysing this stock and reading some of the comments here, all i can say is do not listen to these pushers. This stock will NOT go up because even when they have profit, when got largest budget in history, vaccine success, KLCI surpassed 1600, this stock did not move. Now all these pushers say it will suddenly go up? It will NOT because the budget might not pass and the executive director just resigned. Good news come out it didn't move but bad news come out it might fall. There are many other better stocks out there to buy after budget 2021 debates. These pushers are either people that are stuck or fake IDs. In reality, most likely this stock will go down.
I wish to ask what are the directors doing and hope they see our comments in i3. Last time Ker Boon Kee used to buy back the company shares though small amount giving the indication that the share price was undervalued. But this has stopped for many many months and I wonder why. Directors are so quite and I hope it is not because the company is not doing well, I better be wrong. Previously one director (Ong) resigned and just recently another director resigned. This time it is one of the Kers, a junior Ker if I am not wrong. Again I hope the directors are reading these comments and could offer some explaination to us being their minority shareholders (dont tell us to wait and ask in AGM). I also lost a lot of money in this counter. Sad.
Price dropped back again....those who converting the warrants kena conned again...!! If you believe the price can go up, might as well just buy the mother rather than converting the warrants you are holding (which provide more monies for the company).....my 2 sen view.
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....
Valgrovest
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Posted by Valgrovest > 2020-09-30 13:19 | Report Abuse
dont think it is the directors pressing down but more like directors run out of bullets to push up ...it will probably need some big sharks to come in to goreng it up