Mother share drop a lot, keep dropping this week. Better way sell now and collect back at lower. Else keep it feel like dig a hole jump into it. Fly to Holland.
Since earnings growth still intact, today's disposal announcement probably serve two purposes: 1) To further force out weak retailers 2) To deter potential buyers in the immediate term
Certain directors sold a bit because the moratorium period is over, not because the business suddenly became bad. They couldn't sell earlier because of the moratorium....nothing to do with the business.
Looks like directors' disposals were part of their personal financing plans and nothing to do with business performance. The amount of sales were exactly the same for each director and not indiscriminately done. It's their financial arrangement.
Each director sold about one third of their warrants and only one director sold a small amount of mother shares ( less than half percent). So it's a pre-planned financial arrangement with the bank.
95% of warrant buyers since listing are losers. The good thing is only RM200k done in WA today despite mother drops a lot. That means most warrant holders are keeping it tight. When operator finds that they have no more WA to collect despite intensive selling in mother, they will give up and rebound all the way.
normally when directors disposed... price will sink slowly....it happen to many counter... for sure they will buy share back... but at lower price... not at current price...
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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....
VenFx
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Posted by VenFx > 2019-01-24 10:56 | Report Abuse
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