LEONG HUP HOLDINGS BHD
KLSE (MYR): LHH (4839)
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1.79
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Be the first to like this. Showing 50 of 176 comments
They got too many shares already, need to throw certain percentage of shares to local retailers, institutions and foreign investors.
2019-05-16 10:23
Never ending supply @ RM 1.13. Today highly sure end below RM 1.10 as someone is carrying out lelong sales.
2019-05-16 10:26
No joke man someone dumping @ RM 1.13 non-stop. Announcement date then we shall know who.
2019-05-16 10:43
Any possibility of some cornerstone investors being allocated shares at a discount below RM 1.10? Anyone can advise if they know.
2019-05-16 11:33
except for the owner....no one got this share at below RM1.10....not even the cornerstone investor.
All cornerstone investor and owner have moratorium period to observe so unlikely any of them will sell anything for the next 6 month.
2019-05-16 11:53
If moratorium period applies then who have so many shares i.e. 100 million shares to dump from RM 1.13 to RM 1.11. No intraday short selling allowed some more.
2019-05-16 12:08
Could it be some big investors not managed to get the IPO so push down the price now and collect or i watch too many dramas? hahaha
2019-05-16 14:34
Leong Hup last time shares also not performing well and Lau family privatized at about less than 10 times PE( if not mistaken as too long already). Now come back this IPO and priced PE 20 times....Who is clever and who is stupid?
2019-05-16 14:41
Over priced IPO. Better avoid and wait till price drop 50% ie 10 time PE only enter if want to be safe...
2019-05-16 14:48
>Henry8833
there is ESOS some more...so i dont catch first...i want to see how competency of those directors
2019-05-16 14:51
Must be very desperate for money to sell at IPO price @ RM 1.10. Other company's major shareholders would have provided support instead of cashing out.
2019-05-16 15:10
ESOS need to be regularize....some directors benefit the most from ESOS by using ESOS...look at PHB and Tiger...wait annual report then you know larh...hehe
2019-05-16 15:21
Bursa and SC should abolish this stabilizing action and let shares to drop to its fair value rather than artificial supporting. Look at Uber IPO, shares dropped during IPO day...
2019-05-16 15:23
Posted by spider68 > May 16, 2019 3:10 PM | Report Abuse
Must be very desperate for money to sell at IPO price @ RM 1.10. Other company's major shareholders would have provided support instead of cashing out.
Those who got a big slice sold off because the share price did not perform. They sold n got back their capital while the stabilizing manager is still around. Everything is a gamble. When I attended a workshop on futures trading, the pro advise us to sell first ask later if the promising technical signals did not perform. Same with shares.
2019-05-16 15:26
Reminds me of Multi Sports Holdings Sdn. Bhd. IPO where it enabled a pre-IPO investor (Hong Leong group of companies) to cash out by dumping shares below IPO price. IPO price @ RM 0.85. Today @ RM 0.01 also people don't want to buy. A lot of minority IPO shareholders got burnt leaving only ashes.
2019-05-16 16:38
is it ever a wonder that the rich gets richer thru their schemes and whimps?
2019-05-16 16:42
I would not discount the possibility of some creditors having being allocated shares via debt swap are currently cashing out.
2019-05-16 16:49
more IPO coming market down more.instead of using the money to support the current market,they wanna list more new stocks to replace the old ones.this bursa is useless
2019-05-16 16:53
3 times overbought. Just wait, sharp up, get trap then....Charlie Munger told me never to buy IPO.
2019-05-16 23:16
https://www.facebook.com/fatainvesting/posts/2293999760842891
Both Leong Hup and Teo Seng went down mainly because of this reason.
Q2 likely to be having trouble
2019-05-18 17:32
CONCORDANT INVESTMENTS PTE LTD
AFFINITY ASIA PACIFIC FUND IV (NO.2) L.P.
CLARINDEN INVESTMENTS PTE LTD
Combined Allocation 290,637,500 shares
Highly likely dumping was made by the above parties on listing 1st & 2nd day. We await next week announcement for confirmation.
2019-05-18 19:20
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Greatleaper
Yes, boss selling their shares for money
2019-05-16 10:15