Grace123 - Hey, nothing to be sorry about. I bought this counter many weeks back, we can't expect shares to keep moving upwards in one straight line. As long the company's fundamental is good and making good profits, there's nothing to worry. Constructor sector is picking up with many big projects on the way. Bright future ahead.
Types of corporate proposal : Exercise of Warrants Details of corporate proposal : Conversion of Warrants No. of shares issued under this corporate proposal : 1,000,000 Issue price per share ($$) : 0.2500 Par Value ($$) : 0.25 Latest issued and paid up share capital after the above corporate proposal In the following Units : 332,568,612 Currency : Malaysian Ringgit (MYR) 83,142,153.000 Listing Date : 17/08/2016
I'm thinking why dropped so much plus the % is quite huge for profit taking. Has this got to do with poor Q2 results? If this continue then may have to cut loss, will see what happens tomorrow. Hopefully I'm wrong.
Paperplane commented earlier that this counter is less than ideal and a day later there is selling trend. I know his comment won't have such big impact but just wondering what is the underlying facts of downward trend.
Grace - you've got a point there in rising steel prices. There's conflicting info here and there but to stay safe I've shifted fund towards steel companies. Just my personal decision and I may be wrong so tread with care.
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....
Nigel Low
1,463 posts
Posted by Nigel Low > 2016-08-16 17:19 | Report Abuse
Grace123 - Hey, nothing to be sorry about. I bought this counter many weeks back, we can't expect shares to keep moving upwards in one straight line. As long the company's fundamental is good and making good profits, there's nothing to worry. Constructor sector is picking up with many big projects on the way. Bright future ahead.