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the boss is buying warrants and converting. why is he converting higher cost of warrants than buying the shares directly from the market? not making biz sense here.
the main game changer would be the settlement with Uni Melaka..don't forget that s the root cause for causing PN17 back in 2023. as for other hanky panky transaction with previous directors, that wont be able to recoup but mark as impairment for the past two years.
for long term holding at this price, it would be good risk to enter. I have started entering from 2.32-2.42. didn't expect it to breach 2.3 support line.
haha. the market still using Trump speech as reason to pump n dump. who in the world would believe Trump speech n promises? he can uturn within few hours or change his speech or promise as he likes.
a share price dropped of more than 35% within a span of 4 months and the bosses mentioned nothing and no press conference. nothing at all. was this intentionally? for us to ponder.
next, genting berhad dropped from 3.50 to 2.20 now since the takeover offer of GenM and the eerily silence for the past 4 months. be reminded that NY casino will start operation in June and Taurx is expected to get the decision from UK MHRA within the next 3-4 months.
not necessarily must be successful takeover. it could be just a tactic to accumulate back more shares at discounted price..just like GenM. the bosses could easily push up to 75% holding from 73.3% but they stopped and ghosted all d strategic plans for now and remain silence for the past 4 months.
leaving those shareholders who have been bearing the losses for the past 8 years and when now almost the time to reap the reward, the boss kick you out of the train.
can privatize Genting for 4 billions now. make it 8 billions to pump the price to rm4 offer price..many would be willing to sell. Lim family get a steep discount of 50% if offer to privatize at rm4. not forgetting all the future earning from NY and Singapore would be fully pocketed by them.
