Stock seems grossly oversold. It has dropped from 0.755 to 0.38 within 4 short weeks. The sharp fall is likely due to Margin Calls and Force Selling. At 0.38 it is near multi year old. Rebound is imminent.
If the lady boss can secure a loan from the bank, she could either buy back her shares or privatize the company. I believe that privatizing the company would be a more advantageous option, as it would give her greater control. However, this would still be subject to the guidelines of the Kuala Lumpur Stock Exchange, and I'm unsure of the exact process.
When the directors are trimming their holdings it's not a good sign and they are not buying back.....volume still high about 10 percent. A lot of people are selling.. ...
This is not a good fundamental stock...but it's a good trading stock. Volume still here, at low prices we can play. A good argument for this is, no one really has stocks to sell at low cost. It may come down another 10-20-30%, but you know it has to go up for distribution, for sharks to leave. There'll be a run somewhere down the road, no matter how low it goes no
As at June 30, 2024, Cape EMS’ balance sheet remained fundamentally strong with cash and cash equivalents of RM162.2 million, a low net gearing ratio of 0.03 times and net assets per share of 48 sen. Even if we write off the investment in Iconn, net assets per share will only decline to 41 sen. If CEB can maintain their product/market matrix for the coming quarters, their target price could easily exceed Phillips Securities target price. No funds or syndicates will tell you that they are buying. They are in the market to make money for themselves, not for the retailers.
minizzizin This is the bottom now? 2 hours ago Mr. Market quoting everyday price...hard to predict lah... Floating Shares of...#52% must go back to normal around #25/30%. Then share price will stabilize around the range of...@0.55/0.65. At present still left hand to right hand...buyers/sellers...squared off...🤞🤓
Frankly Speaking : Cape EMS shareholding puzzle TheEdge Mon, Aug 26, 2024 11:30am - 11 hours Easily more than 400 million shares, which make up more than 40% of the company, have changed hands through open market sales. But what is puzzling is that there has been no announcement so far on the emergence of a major shareholder.
So, who purchased the shares from the open market? Were these acquired by individuals or was it orchestrated buying by groups of individuals working together?
Obviously there is a syndicate involved if not the volume cannot be churned until such heights. The profit must be overstated for IPO purpose if not a provision would be raised .........
Couldn't stand the itchy hands anymore - bought at 0.36. Not going to analyse too much with this one. It's a plain speculation, and "hope" that the heavy selling is over.
"What if it isn't and the price goes down some more?" Well, it wouldn't be the first or 10th. time for me :)
Top 8 Shareholders. Top 25 shareholders own #46.5% of the company(Closely Held Shares). 1. Kim Tee 11.1% 2. AIA Bhd., Asset Management Arm 4.51% 3. Employees Provident Fund of Malaysia 4.50% 4. Great Eastern Life Assurance (Malaysia) Berhad, Insurance Investments 3.80% 5. K&N Kenanga Holdings Bhd , Asset Management Arm 3.71% 6. Norges Bank Investment Management 2.39% 7. Fortress Capital Asset Management (M) Sdn Bhd 2.21% 8. Hong Leong Asset Management Bhd. 2.02%. Public Shares 53.5%. Quite puzzling...still in short selling scenario...unless few top closely held funds/institutions/private individual, added/bought more Public Float shares.🤞🤷
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....
DrTraderv3
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Posted by DrTraderv3 > 2024-08-23 15:45 | Report Abuse
Phillip Securities: Cape EMS Target Price More Than Halved on Earnings Downgrade, Valuation Haircut