BHoldings 57% holdings in B Plant is NonTrading, i.e. must get Govt approval to sell to interested parties. !! Almost at second half of trade, price will go down. Market maker trying to shake off weak holders and Contra Players. Also CH due to expire very soon, so Inv Bank may not want to pay Call Warrants holders if price exceeds Ex Px of 78 cents. !!
There is something brewing in BPlant; what we can only guess at. The company's announcement neither confirms or denies there are ongoing talks; only no agreement signed. Whether can buy around 90 sen, we can only speculate. It is a calculated bet.
Retailers who don’t have patience to wait for 1-2 months for the deal to be wrapped up shouldn’t touch this stock . Market operators will continue manipulate until the deal is announced.
Bplant cannot admit the deal at this time for sure due to strict confidentiality, same thing happened to other companies from previous deals. Just be patient until early Jul
logic, coz now any rumours Bursa can only question BPlant and Bplant can't give any answer as its their shareholder doing a deal. shareholder do not fall under bursa rules.
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....
value_seeker
550 posts
Posted by value_seeker > 2023-06-23 13:21 | Report Abuse
The price might fluctuate between those range- possible.