intraday terjunan pertama operator tak buat rebound , dia buat sideways bagi orang kutip kutip . nanti dia buat terjunan kedua yang ni baru operator buat rebound ?
I see this very interesting "our group intends to utilize 0.5 million for our staff oversea travel.....bla bla bla...."... I wish i can join this company.............LOL
1.On its listing day on 26th July, Day3 opened at 65 sen and within the first 10 minutes hit an intraday high of 73 sen and quickly retreated back to 66 sen with 57m shares done. 2. In the next 10 minutes it continued with its decline to hit the intraday low of 60sen with 85m shares done cumulatively.
3. The counter ended the day with 147.5m shares changed hands and closed impressively at 62.5 sen or more than 100% gains on its IPO price of 30 sen.
4.Despite its first day remarkable and commendable performance, all except the boss and its company are losing money. Those who bought at 63 sen and higher are facing paper loss. At 62.5 sen you break even and only a handful are believed to be not even comfortable with a 2 sen paper gain.
5. Let it again be forewarned. At 30 sen IPO, DAY3 is selling at 23x PE multiple. At today's closing price of 62.5sen, the PE has suddenly shot up astronomically to 46x+
6. By this evening, the investors' feelings that the counter is severely over price is beginning to sink in. Come tomorrow, one would realize that the Bursa PE of all the blue chips counters are averagely 12.5x. One would question, what on earth has the management of Day 3 done in one day to merit its sky high valuation.
7. Hence, more downside is realistically expected. Not surprisingly,on T+2 the selling pressure could amplify when many forgo their inflated egos to cut loss and move on.
8. In the end,the founder proudly listed its company and successfully raised RM33m for the company and enriched his pocket with RM3.6m. They are not in the business to goreng the share. By tomorrow the management will begin to work and aspire to deliver their promises as lay out in the prospectus.
9.The counter controllers will continue to distribute the remaining shares to naive and uninformed newbies and green investors. Today with 147.5 m shares changed hands, it is already bigger than the 122m number of shares in circulation. Many had contra off their positions.
10. As soon as the distribution is near completion, Day 3 will once again assume its original status being a small cap little known tech stock struggling but aspiring to make it big in the years to come.
11. Sadly, many will become long term investors caged in the highest floor of condominium overlooking the graveyard.
12. This posting is not intended to dampen your investment spirit nor a recommendation to buy or sell. It is purely my personal perception and opinion of the counter. I could be completely wrong.
The very fact is that this counter has relatively small share cap of 480m shares which is very volatile. It can move either way in an extreme manner. If nothing negative ahead,there is no reason why it should not surge....
1, I never thought I would write again on DAY3 especially so soon after the last posting. GUYS, You have the rights to be furious when you learned about it.. Your independent director abandoned you the moment the chairman strike the GONG on listing day.
2. He was entitled to a pink form and allotted 500,000 shares at 30 sen. According to the company's filing with Bursa and the details of the transaction on 26th July listing day, he disposed 250k shares on opening bell at 65 sen and subsequently in just a few minutes later sold another 250k shares representing his entire shareholding at 70sen.
3. That morning,before the board of directors could meet the media and bankers and public investors for a prearranged press conference, he has already served his own interest and enriched his pocket with Rm187.5k. Not bad for showing up and a day's work
4.Independent directors are lucky and fortunate because unlike founder and major shareholders the SC imposed moratorium of shares upon them. They can only sell some percentage of shares after 6 months and a year.
5.While there is no violation of law when independent director ID sells on opening bell, in stead it is seriously lacking in morale principles and ethical standard .His endeavor reflects a self serving interest and poor standard of conducts by an independent director. Like a deprived child who delightfully grab the drumstick before grace.
5.The roles and responsibilities of ID are bringing an independent judgement to the board for deliberations, especially on the issues related to strategy, performance, risk management, resources, key appointments and standards of conduct.
6. He is supposed to represents and speak up for the minority shareholders and people like you who has invested in the shares of Day3 and still holding onto.
7. Now, holding onto the share of DAY3 is akin to flying on a plane in which the co-pilot has jumped off with a parachute.
8. Some may think I have over reacted. What about you. 9. Tomorrow is T+2 What would you do?
Happy trading 27/7/23
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
kutipkutip
1,100 posts
Posted by kutipkutip > 2023-07-26 09:21 | Report Abuse
operator mesti buat rebound sebab nak tarik orang masuk dekat harga 100% untung