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Back to ipo price 1.2 is impossible la, but if u are to collect now and gain maybe sell at 30sen 45sen possible. Cause the company isn't dying despite the capital payback. It just not performing at the moment.
The first qr of 2022 (before the huge 85sen dividend payout), the nta is 3.42 and the dividend paid p.a. is about 15sen. 2025 Q4 the nta is 3.45 and dividend paid p.a. is only 9sen. The market value weighed more on dividend rather than the company profitability. (market price is above RM2 before the dividend payout). Since the nta has recovered to pre-payout period, we wait for the dividend policy to recover.
company is currently exercising share buyback programmes. I don't know their buyback price, but I guess the things that could trigger buyback is the number of ticket put for sale. If too little ticket, no point to buyback. If too much ticket, the impact of buyback not obvious. So my suggestion is not to do short buy or sell. Best shot is to revalue the company intrinsic value to the current qr and not to be fooled by some coocoo in the comment