Sonova acquiring stake in Salute ? I don't remember such a statement being made or maybe that is totally missed by me >.< Felixck, u heard that statement?
Hmmm.... If Salute is maxing out its capacity this year.... Then future is bright... Considering next year gaming and hearables not even launched.... amd those are supposed to be the main long terms profit driver
Key takeaway from zoom briefing with Salute ceo : Turnaround to profitable after five consecutive quarters of loss making. Due to taking on major new customers like Sonova. Four new products to start mass production by the end of September and another new product by the end of October. Hearables start mass production by year end. Wireless gaming headsets to be launched next year. Currently floor space capable of generating rm400 million annual capacity with 8%profit margins. Recent private placements were completed with local and foreign funds taking up the pp.
Operator is ruthless in pressing down the price in order to accumulate tickets cheaply. Pp was done at 61 sen so downside is limited. This stock is only for diamond hands.
Last bullet already top up. Can check back previous comment..
If top up is new allocation fund.. but due to got other share selling cheap (I’m lost), so I focus accumulate another share. For Salute. Can drop below 60 sen is very very hard to get thjs price.. Last tome very hard to buy is below 0.50 sen.
From the way the price drops suddenly out of the blue, I can see that operator is deliberately washing out the weak willed hands. The operator accumulation is slow but obvious. We won't know how long they will play this game but only when they have collected enough. I'm waiting for the day the handbrake comes off.
@Philan No,my friend shared to me @Felix Die hard fan,haha. discuss together to write an email to the managing directors,ask the price up to the moon when.
Hahaha.. this year slowly up better. Let the business catch up, then the share price only can fly high and sustain.. (waiting my another 3 digit % return nx year )
致富formula: RM 3K, 30% return, 滚动40次可以过亿。
………………… Take care what you can control (capital) , do quality decision not quantity buy sell decision..
The high frequency buy sell decision come with human nature.
We always want to predict the short term so that we can survive in our life.
This is the reason why investors always predict the short term share price. The more short term decisions you make, the more easy you make wrong decision.
Every year, month, day got so much news and emotion influenced the share price.. Everytime you also want to predict the share price? Is just a guess, sometime right sometime wrong.
For example when Salute started to fly from 0.46,my friend sold at his cost 0.55. That time he think that is right decision due to politic uncertainty.
Then Salute continue fly to 0.76 sen. Last week he try to Q and buy back Salute at 0.58 but can’t get it.
Yes. One can said this is “马后炮 “。
But please think the logic behind the buy sell decision… is based on prediction of politic uncertainty > share market drop > I sell 1st and buy low.. But will it influence the natural of the business?
Buy low is: when people don’t like the company or no patience to wait, Sell when people confirm it is good company.
When thing is clear and confirm is good, we “feel safe” to invest. But the share price is high too, meaning “ cost of participate “ a business also increase…
What is low price ? This one go back to the quality of your homework.. and risk management you do..
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....
Powerplay666
1,023 posts
Posted by Powerplay666 > 2021-09-06 12:48 | Report Abuse
The Warren Buffet of Malaysia Loong Shi Lin has acquired a big stake also in Salute last June.