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There are suspicious and potential share price manipulation before the VTO. 1) Let it slipped out of index stock. 2) Inter company lawsuits. 3) Not distributing dividend even the make solid profit. Div distributed even during hard times like covid. All these cause the share dropped significantly. Can't help feeling suspicious.
Not selling. On hand 50000 unit. FYI LIm Kok Thay and son are holding less than 1% of direct Genm share. Their major shareholding are in Genting Berhad. Chances of accumulating 75% of Genm share by Gent is not high.
@Sjci, it's up to the shareholder what they want to do. Why are u so frustrated with ppl who are not selling? Are u LKT agent?Or holding alot of Genting Bhd and worry vto failed and affect the price?
Offer price is too low. Shd at least be 2.80.On hand got 50000 unit. Average price 2.17. kept it for very long and collected div many times. Not selling it. There's a fighting chance the vto won't be successful.
I can't shake the feeling that retail and loyal investors are being played out. First, the stock is allowed to drop out of the index. Then, there are inter-company lawsuits. On top of that, despite making a profit, they aren't distributing dividends—something they even managed to do during tough times like COVID. It all seems like a strategy to drive the share price down so that they can acquire it at a much lower price. @#£%&*!
