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bought in the first batch at 22 sen today. will buy more over the next few weeks. Gain 60% and 80% from Inari and Natgate by holding for just about 4 months only. I will hold this for a year to see 100% return. Just hope my analysis works again.
dangerous to put hopes on stocks that joined the limit down club. and inflated earnings which is far from reality. sudden amortisation and impairment is the only way out
Realistically, no substantial shareholders would want their shares to be forced sold to such low limit down price level as it will be difficult to bounce back unless well supported by fundamentally good financial performance going forward. ie. Just look at Tanco and PTrans. Pledged shares fine as long as share price stays ~ 75sen to RM1+ level for years but forced sale at < 60 Sen was the triggering point that breaks the camel back.
