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already said can be positive. but previously keep on got ppl kpkb can't buy lose money. now got new shareholder come in suddenly everyone positive and chiong lol.. how fast this market turn tides. typical players...
Bought 50 lots at IPO price of Rm1.20. After 7 years of waiting with no div given until last year gave out 39% div n price dropped till now it’s 0.44. Simple arithmetic will show it’s still a loss. Lately announced that there’ll be capital reduction exercise soon n distribute something like 21% on reduced capital whereby resulting in another price adjustment downwards. Capital drains off heavily due to management expenses Those who bought around 33 to 35sen wll b able to make good profit now. Guess price can go up to 50sen later.
each to their own. every buyer in stock market is individuals valuer. when you buy at ipo. u value and think it's worth that price. so no choice. that's life. some stocks you earn some stock you loss.
we all here also sure got some stocks we earn and some we loss too one. Just that nobody so free always talks about it. Just get on with life.
and if like u said 39% +21% is already 60% . so if you take 1.2 price - balance 40% to get back 100% of your initial cost. that will be ard rm0.72. judging the price may go up to rm0.55 or rm0.6. you actually don't loss that much edi.
so get on with life la. come on. not like you get rug pulled in some crypto coins or what.. why such a big fuss
After capital reduction if price can go up to 0.60/0.70 can thank God for getting out of this manipulated counter and can go for better straightforward counters like Edeltech, JCY & SS8 which give 20 to 30% profit within T3 period