Yes kevinlim1133, it used to be pretty stable between 1.40 to 1.60. They however embarked on a change strategy to rival family mart and expand stores. They have done a fairly decent job at matching up, obviously improvements and enhancements are in the works. If it wants to move, or normally gaps up... 15 to 20sen in a day is possible.
QL and 7-11msia trading up at much higher PR than Mynews. Virtual AGM would be held virtually in june Date of Meeting: Thursday, 25 June 2020
Time of Meeting: 2.00 p.m.
Broadcast Venue: Mynews Headquarters, Lot No. 3, Jalan Teknologi 3/1, Taman Sains Selangor 1, Seksyen 3, PJU 5, Kota Damansara, 47810 Petaling Jaya, Selangor
Expecting the share to move past rm1.10 before the AGM
MyNews is not so good. I can see their effort in competing with FamilyMart but somehow I still prefer going to FamilyMart for food. I give them A for effort. But their name not so good... MyNews... go buy magazine and newspaper... nowadays where got people read anymore, the only thing they read is facebook.
if is company secretary is not do any business decision or have any power one main job is do company minutes , resolution, filling forms to SSM, like that only company secretary resign does not relect any bad on the company also
well RainT, usually companies with high rate staff turnover is not good? announced many key employees movement before, isn't this a sign?
Its convenient store, people go at their convenience. And of course quality, price and speciality. If you think of oden in malaysia, does the brand to pop up first, family mart or mynews?
Most stocks have moved back. My news has good consolidation at the 81to 84sen level. It can move very fast too due to less sellers and liquid capital to mop up any excess. Once the MCO is lifted
Today volume picked up significantly compared to last week. We are at very strong support which have been tested 5x successfully / failed 1x in the past. Lets see.
Really? Where is the so called buyers? Strong support 0.795-0.800 broken. Still can't find a CFO and secretary? Cant wait to see the coming quarter results
Easy push up also easy push down. How u know this coming quarter still profit making? my bet on quarter loss. Btw, where is the new CFO? Been months, but can't hire one? or no secretary to make announcement?
Today mynews got people buying and support the price at 0.69 and 0.695.Huge sell volume also can not break this two support,I think it's time to rebound,resistance is 0.74.
Now that the QR is out and the impact clear, the shares can start to recover. They added more stores which is positive and would continue to support future growth. Might dip a bit but investors will come back knowing that the impact wasn't as bad. I'll keep buying more for the 1.20TP in 6 mths
techical rebound. sold all my lots already. good luck to all of you. coming quarters will be worse imho, as their jv whsmith (which i believe contribution quite significant of profit before this) is still at loss due to travel industry bounds. Lagi, can't even breakeven with the new fpc.
Peeps, good news, finally they posted recruitment ads in jobstreet. However they posted under 'company confidential'. Wonder why can't post under their account? Consonant to this, another ads i saw (similar company overview) recruiting a senior finance manager, clearly indicates the turnover rate is high here = bad management. Run run run, unless wan get yourself stuck here!
Before this can have big share of market when family mart is still fresh but now no more. Also the management is very poor. High staff turnover in HQ. Many talents are not retained, maybe join competitor's business
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....
kelvinlim1133
44 posts
Posted by kelvinlim1133 > 2020-05-19 22:37 | Report Abuse
When can reach 100 sen again?