21.09.2016 to 12.10.2016 - RM2.23 to RM2.29 sideway trading (for 15 market days), then CIMB came out with some long term plan news and it shot up. Now sideway for 9 market days already with the same price range. Another 6 more sideway market days to go for collection?
Please pray that: (1) OWG will have a better y-o-y and q-o-q results this Feb 2016 and break the resistance RM2.30. (2) OWG soft launch in mid April 2016 on the TOP @ Komtar and reach RM2.50 with the help of a positive CIMB report. (3) OWG will have an EXTREMELY good results in Nov 2016 and break RM3.00 with full earnings coming from KOMTAR with its official launch and another positive CIMB report.
(4) "Take care of the bottom and the top will take care by itself". Please pray that OWG will hold on strongly at RM2.20 (the private placement share price). (5) Please pray that for long term view that the Twentieth Century Fox World Theme Park in Genting Highlands end of 2017 will lead OWG to reach RM4.00.
13 market days of side way trading already since 22.01.2016. When is OWG going to rally past RM2.30? There are a few major share holders blocking at RM2.26. Dow Jones future is in green and Shanghai index just minor drop.
On behalf of OWG, CIMB wishes to announce that Bursa Securities has, vide its letter dated 15 February 2016, approved the listing of and quotation for up to 22,199,900 OWG Shares to be issued pursuant to the Proposed Private Placement (“Placement Shares”).
Just hope that OWG is a gem and not a discarded stone. Second quarter results should be exciting. Mid April 2016 soft launch of The Top @ Komtar with Marcus Chan (CIMB) writing should be exciting. And if crude oil really cut production, it will be even more exciting.
It closed unchanged at RM2.26. But what about the days ahead? Clearly big share holders are manipulating the price to block it from going up. Very worry.
it is a potential counter. personally got no much worries on it. will keep it till century world grand opening..
have a check on today latest announcement. according to the details, the private place is not involving any new type/ class of securities. which mean??? existing some investor is giving out their share.
Meaning, there's actually no dilution of d EPS resulting from d share placement exercise then. So, wats d management's strategy of raising capital without issuing any placement share?
I just bought it at 2.28 today. Its MACD has crossed signal line. it is an upward signal. It has resistance at 2.35. Let it break the resistance, then sunshine day will come.
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....
8wpwtmt8
2,949 posts
Posted by 8wpwtmt8 > 2016-02-04 17:03 | Report Abuse
KLCI up 23 points. OWG only up 2 sen. When is OWG going to wake up? Waiting for help from CIMB analyst positive comments.