tksw sifu you seem very lonely here. I'm also investor of PTRANS since last year, never sold. I believe this stock can keep and hold long long. Everytime drop below 0.18..0.17...0.16..0.15.. I top up more shares. Now can sit down and shake leg for a while. When covid is gone and everything goes back to usual, I believe PTRANS at 0.35-0.4 should be no problem, target by 2021.
Seems like this stock still can move higher if u look at the weekly chart (MORNING STAR PATTERN) before this stock get some rest. Just probability. Anyway, 1st resistant is at 0.22 cents. If this resistant breaks, get ready to fasten your seat belt. Moon is waiting for all of u who buy this share.
Just a probability tksw sifu not a confirmation. It may breaks the 0.22 (previous major support) and will rest for a few days before continuing the journey. Anyway, back to your question. Maybe u should do your own research 1st and decide whether u want to buy or not. Trade at your own risk.
The potential advantages of the Proposed Renewal of Share Buy-Back Authority to our Company and our shareholders are as follows:- (a) allows our Company to take preventive measures against speculation, particularly when our Shares are undervalued, which would in turn, stabilises the market price of PTRANS Shares and hence, enhances investors’ confidence; (b) allows our Company flexibility in achieving the desired capital structure, in terms of debt and equity composition and size of equity; (c) if the Treasury Shares are resold at a higher price, it provides our Company with opportunities for potential gains; and (d) if the Treasury Shares are distributed as share dividends by our Company, it may then serve to reward the shareholders of our Company. The potential disadvantages of the Proposed Renewal of Share Buy-Back Authority to our Company and our shareholders are as follows:- (a) reduces the financial resources of our Group and may result in our Group foregoing other investment opportunities that may emerge in the future; and (b) as the Proposed Renewal of Share Buy-Back Authority can only be made out of retained earnings of our Company, it may result in the reduction of financial resources available for distribution to shareholders in the immediate future.
but ptrans still got 2 petrol station, if after MCO the price still around 0.18 to 0.2. Do you imagine that after 1 year what is the price of Ptrans? So I think this is the long term stock, congrate to the people who buy in 0.12
nicedurians I see, thanks. Now .0025 at .180 or .185 is around 1.4%, if annual div is maintained at 1sen, this gives about 5.5%/yr. Not too bad, I think.
I checked again at websites. Dividend announced 20mar 0.14, 1 April 0.14, 2april 0.16, 8spril 0.19,16/17april0.22, then down, then now at 0.18/0.185. maybe it will become 0.19...
strange that the the DG of Health already mention about loosening MCO for ppl to balik kampung but yet this counter still in 0.005 or southward movement
chimchim SM Sabri also announced more relaxed rules, like can go beyond 10km, 2per family can go shopping, so it will be unlikely to go south, agak .185 just now will continue then turn gently up....pls correct me if thinking wrongly.
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....
Simon_khoo
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Posted by Simon_khoo > 2020-04-16 21:29 | Report Abuse
Target 26-28c to entice warrant holders to convert to mother...