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hehh Elly.. klu nak tunggu rebound setup ikut chart, 0.645sen la double bottom. But anything can happen between now and 0.645sen. Ivory is tightening cocoa supplies. Weather is slightly hot due to El-Nina. There is also US Tariffs. Supply is a bit weak. BUT cocoa price remains USD7,500 to 8,000. If supply a bit weak pun, if GCB can get cheaper cocoa beans, GCB can increase its profit margin. Thats why instead buying cocoa beans, GCB bought cocoa plantations in Ivory.
Johan is concern. We can understand his concern. We hope he can find ways for the time being how to get back or narrow down gap he has in his stocks now.
MM is now pushing and looking for support. We will see how further down GCB can go. Until then we wait.
Klu you jual skrg, definitely you rugi. Tp klu you guna masa ni fikir mcmana nak turns thing around, maybe you can get your money back. This will take time. Just dont be emotional.
Johan, klu nak trade stok, buat homework dulu. Tgk financial statements. Lepas tuh tgk price chart. GCB nie byk downside. Revenue tinggi tp profit sket sbb diorg cuma grind bijik koko jd serbuk. Diorg beli bijik koko. Tp baru2 nie, diorg start beli ladang & kilang proses koko.
Klu tgk price chart, setiap kali QR keluar, GCB mmg drop mcm batu. Tp ada masa dia, dia recover sekejap. Biar dia drop dulu. Jgn beli. Tunggu dia stop jatuh. Pastu kita masuk.
I dont do cut loss.
GCB is in commodity business. Commodities are scarce. Highly volatile. GCB keeps stocks. Cocoa beans have high shelf life approx. 2-3 years. They can always sell them whenever they desperate need cash. They can get cash instantly. Its not an issue.
The whole things look dubious. First, there was share split. Then bonus shares. They diluting their shares. To me, they increasing their number of shares owned. They do this for a numerous of reason. Get more income from dividend. Or they can sell them to new buyers.
GCB price dropped. Someone is purposely driving GCB price down. Made several attempts to break 1.18 BUT fail. Finally, they issued a notice on their intent to sell their shares. Thats explained it all. They are negotiating, I think. Buyers are looking for attractive price. We are now trading at lower price range. We dont know how much lower it is going to get.
You pretty much can get some pictures by looking at GCB price chart pattern.
I have some bad news for you. Mr. DIY is owned by the Bee Family & Tan's. They are Singaporeans. All those companies in Thailand, Indonesia, South Africa, Poland, Netherlands are NOT under Mr. DIY Group Berhad. Its very likely Bee Family & Tan's own them. And all income goes to them NOT to Mr. DIY Group Berhad. Mr. DIY Group Berhad is more onto limiting their business in Malaysian shores.
This is depressing.
Yes. Its very unusual. The amount of volume traded in the last 45 minutes is 50x the usual daily trading volume. But it is important to note that with this unusual high numbers of shares traded has no significant impact on SIME share price. And the timing was also appeared as though it was planned. The setup was also planned. There were bids queued on the other end to take up those sell-offs. This prevents SIME price from falling further. Around 247mil shares changed hands in the last 10 minutes and traded at 1.62sen.
If this happens during market hours, you can expect LD or short circuit breaker ON.
What I can understand from this is, there was a major shareholder relinquished its position and arrangements were made with another buyer to buy their shares. The buyer is also a major shareholder.
We will know soon.
