scjm @mabel last candlestick pattern formed is a bullish matching low which would suggest the bottom of the down trend might have reached (the worrying part being the on going operation issue) and confirmation of a buy is at 9.5 sen then the first target would be the gap filling at 11 sen where selling pressure would be expected and then the next gap at 17.5 sen ...so whether that 17.5 gap would be closed depends on that above stipulated concern of its ability to continue with its business as it is already have problem in meeting its financial obligation (that is a big NG)...good luck 30/09/2019 9:53 AM
Thanks for sharing your finding scjm!
I'm still holding half of my shares. The only reason is because of the upcoming ECRL. This was the only reason that motivate me to invest in this counter as there are many other choices.
As it is I will not do anything more with this counter than to just hold the remaining shares. I have cut my losses earlier before it went down further to 40%. Few things for considerations:
1. KLSE is still below 1600 2. ECRL is no where in the pictures. All I see is further delays. 3. Current litigation.
All the above, I can still forgive. However this one below is my biggest concern, The Directors are still selling. Hence, my reflection is if these people that we have put our trust in running this company are selling off their shares, why should I continue holding?
AURA PERDANA (MALAYSIA) SDN BHD 26-Sep-2019 Disposed 2,000,000 0.000 View Detail DATIN KUN HAW CHOY 26-Sep-2019 Disposed 2,000,000 0.000 View Detail DATO DR IR KHOO PING SEN 26-Sep-2019 Disposed 2,000,000 0.000 View Detail DATO' ANG CHENG SIONG 26-Sep-2019 Disposed 2,000,000 0.000 View Detail IKHMAS JAYA HOLDINGS SDN BHD 26-Sep-2019 Disposed 2,000,000 0.000 View Detail AURA PERDANA (MALAYSIA) SDN BHD 23-Sep-2019 Disposed 21,500,000 0.000 View Detail DATIN KUN HAW CHOY 23-Sep-2019 Disposed 21,500,000 0.000 View Detail DATO DR IR KHOO PING SEN 23-Sep-2019 Disposed 21,500,000 0.000 View Detail DATO' ANG CHENG SIONG 23-Sep-2019 Disposed 21,500,000 0.000 View Detail IKHMAS JAYA HOLDINGS SDN BHD 23-Sep-2019 Disposed 21,500,000 0.000 View Detail AURA PERDANA (MALAYSIA) SDN BHD 13-Sep-2019 Disposed 1,000,000 0.000 View Detail DATIN KUN HAW CHOY 13-Sep-2019 Disposed 1,000,000 0.000 View Detail DATO ANG CHENG SIONG 13-Sep-2019 Disposed 1,000,000 0.000 View Detail DATO DR IR KHOO PING SEN 13-Sep-2019 Disposed 1,000,000 0.000 View Detail IKHMAS JAYA HOLDINGS SDN BHD 13-Sep-2019 Disposed 1,000,000 0.000 View Detail AURA PERDANA (MALAYSIA) SDN BHD 13-May-2019 Disposed 10,000,000 0.000 View Detail DATIN KUN HAW CHOY 13-May-2019 Disposed 10,000,000 0.000 View Detail DATO DR IR KHOO PING SEN 13-May-2019 Disposed 10,000,000 0.000 View Detail DATO' ANG CHENG SIONG 13-May-2019 Disposed 10,000,000 0.000 View Detail IKHMAS JAYA HOLDINGS SDN BHD 13-May-2019 Disposed 10,000,000 0.000
Mabel: the director sell at Rm0.10 Im okay...if selling at RM 0.5, 0.4, 0.3, 0.2 then I'm not okay...They hold too much of shares....65% before...now sold ady good....i think the sold shares to do PP later...
Guys,pls look at the other flip of coin.If 21,000,000shares were sold on 23/9,who could hv been the buyer?It shld be someone with strong holding power to absorb at low prices.Otherwise,it would hv been cheaper to .05 cent immediately Definitively these buyers know something that we don’t!
and there you go, yet more selling announced by the directors in the face of material litigations, unpaid claims by work the company ordered. If anyone still trying to sell the idea of “pending ECRL” news, you better have a damn good reason for holding. You can’t even pay people for previous work done, why would you get awarded ECRL contract ?
Gua bought 300000 shares yesterday at 0.08, sold today at 0.08. Kakaka. I did not study well before ikhmas. But, after more reading yesterday, I ciao first. Lost some commission fees. Look at their debt properly, more served with with might be in. But, technical rebound anytime or it could still down again.
Even with the ECRL project on hand. It'll need a few years to materialize the whole sum furthermore with the cost cutting by present government, profit margin will be low. RM400mil project may have only 5% profit. That's translate to 20mil or more generous 30mil. But at present time Ikhmas owed a lot more than that I think. Just so sad to see they're at this state now. Econpile and Pintaras on the other is doing relatively better than Ikhmas.
The bunch idiot directors is doing more harm than good by fighting court cases with clients, instead ptaras and econpile are serving them like lords. Everyday talk cock with laywers, lawyers rob with their bag. Bursa should investigate, do not irresponsible person on board. Put to shame for others to learn a lesson.
History is repeating, when directors were selling 10mil shares on 13 May, everyone said the same thing, company cannot pay salary, close shop etc, but after that the price still surged to highest almost 30sen, just need time and good news to move the share price up
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....
W0099
794 posts
Posted by W0099 > 2019-09-30 10:18 | Report Abuse
Keep decreasing... :((