https://www.klsescreener.com/v2/announcements/view/3398493 The Board of Directors of HAILY wishes to announce that MITI had via its letters dated 25 July 2021 and 26 July 2021, granted approval to the Group for the resumption of its on-site construction activities
Looks like Haily is back in business with MITI approval to start work. I anticipate Haily will go all the way up tomor. Got dividend distributed on 2nd Aug 2021. I see all those who have sold their shares will be dame disappointed. This is a buy buy call!!!
Wow, so many desperados selling below the IPO price. If those selling are not desperados, this would probably mean that some unnamed PP investors have got their PP shares at a price significantly lower than the IPO price.
Covid19 spreading, the change of Government cumming, foreigners also run along time ago, only sardines left to buy/sell. This scenario is very bad for punting.
From IPO 0.68 dropped till 0.61, investors' loss of 7 cents, whopping 10%! May be first dividend of 1.68 cent Ex date 6th Aug can recoup some losses. Given the 11 million PP shares, prices may drop further if they are sold. Would be interesting to see the price on Friday EX date.
IMHO, most of the 48 million IPO/ESOS/PP shares have been traded many times over with the objective of pushing downwards the MSP of Haily ->
Total shares issued -> 178.32M Owner by major SH (morotarium apply) -> 130.32M IPO/ESOS/PP -> 48M Traded from 21/7 to 3/8 -> 136M
Traded over 2.83 times i.e. 136M/48M
The above is merely a conservative estimation assuming that IPO/ESOS/PP investors have sold all of their 48M shares. It is highly likely that some IPO/ESOS investors are still holding own to their shares.
Based on the foregoing, it would therefore appear that someone is deliberately pushing down the MSP of Haily from RM0.68 to RM0.60 in the manner as appended ->
A dumped to B at a low price B dumped to C at a lower price C dumped to A at an even lower price & the vicious cycle continues.
1) The major SH has a morotarium to comply. 2) No records in Bursa website indicated to suggest short selling had being carried out. 3) ESOS 10M shares (Out of 48M), some may have sold at a price above RM0.68 & the rest may still hold on when the price plunged below RM0.68. 4) IPO 8.9M shares + MITI investors 11.08M shares (Out of 48M shares), some may have sold at a price above RM0.68 & the rest may still hold on when the price plunged below RM0.68.
5) Based on the above, who are the parties most likely to have dumped their shares multi times over in the open market during the past 2 weeks or so? Unlikely to be (1) to (4). 6) Are the dumpers, PP investors, which were offered 18M PP shares? Highly likely. 7) Did the PP price offered to & subscribed by the PP investors -> significantly below the IPO price of RM0.68? Possible.
Tomorrow last day before EX. For the dividend, many would have waited or stuck till tomorrow despite significant loss from IPO and above IPO day's trading prices. To sell or not to sell on EX is a dilemma. To SELL, will immediately realised losses (and learnt a lesson). To HOLD, might possibly incur higher losses after EX and beyond due to bad and tense political climate expected to drag till 6th Sep and beyond. For dividend, will consider to BUY only in the late afternoon session to minimise risks. And SELL ALL on EX.
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....
me073194
160 posts
Posted by me073194 > 2021-07-20 23:50 | Report Abuse
100% tomorrow