Tak boleh harap punya PakTua = scammer this stock. PakTua can you understand this below??? If you understand, you are my hero.
The seller said his grandfather kept the stone for 100 years. He said the stone was worth more than a million dollars. The buyer said Cut it open. Oh! Fancy junk stone! The buyer said It was worth 1 million before you cut it open. Your grandfather was trying to teach you a lesson on how everything should be viewed. The seller just dishonored his grandfather in a single cut.
1PTR has a spectacular fall today over huge volume. In the last 10 trading days it has fallen from a height of 68 sen to close today at 50sen. In percentage term, the share price has collapsed 27%. Basing on the fierce thrown down, it seems that the momentum of decline will persist resolutely. 2 PTR has 535m issued capital. The current 4 qtr running EPS is 5.92sen. At 50sen it is trading at a PE of 8.43x. It has a strong balance sheet and health financial ratios. The company has (93.84+10.63) 104.47m cash and bank balances but 46m in borrowings. According to its dividend policy, the company aspires to pay out 20% of its earning. It is in the food industry. The business is sustainable. In fact it is flourishing with the signing of MOU just 2 days ago. 3 In a nutshell, there is nothing wrong with this company. So, what happen? How to explain the brutal sell down today?. 4 From the listing circular PTR is listed on 27/9/2022. It has 535m share capital of which 380m is in the hands of the founder and principle shareholders. There was no offer for sale during IPO and that means the founder did not cash out. And hence, have not truly benefitted from the listing exercise. These380m shares are subject to 6 months moratorium ending 27th March. That means it cannot be traded and therefore at the onset only 155m shares or less are in circulation. 5. With such small number of shares in circulation PTR could become an easy target of control and manipulation. It is not impossible for the manipulator to scope up the share of penny stock and somewhat corner the counter and dictate the price at their fancy. It has happened. The feeling has been euphoric. 6.However,the music and party cannot go on indefinitely. Everything has a beginning and ending. They must find a reason to end the ball. The operators are aware that in the coming weeks the moratorium will be lifted and 139m owner shares could potentially flood the market. Today’s brutal sell down could be a deliberate exercise to frustrate any game plan after 27th March. 7. In addition, the current monsoon session and heavy rain and serious flooding in many parts of Malaysia particular in area where PTR has production operation will be affected. Supply of fish and all kinds of sea food could be disrupted. This would affect negatively on production, deliveries, sale and ultimately profit of the company. Investors are rushing out and creating a deadly stampede. 8. This explains the swift ascent and steep decline in share price over the past trading days. 9. This is my personal perception of the counter and it does not reflect the true market situation and much less the endeavor of market participation. 10. it is written and posted for your reading pleasure. 2/3/2023
Unlike an agreement or contract, an MOU is not binding in nature, experienced investors know it, analysts know it, business law students also know it. Most MOU didn't materialise, namely PDZ, Sanichi, and more, you can name it.
John choo choo....i'm here. I'm not paranoid like you that need to response to every single up and down. My investing is different than you. I put on a venture capitalist hat for a portion of my investment. So you don't need to worry about me, ok....ah boy.... Let me put on my Orion music and enjoy a cup of hot cuppa now.....Slurppp!!!......@^_^@ meow.
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....
sammyramon
553 posts
Posted by sammyramon > 2023-03-02 16:12 | Report Abuse
50c otw