Below 40sen target price coming sooner than expected after 42.5 sen DONE and only last minute jacking up the price to 43sen. 43.5 sen and 42 sen are SENDIWARA TRADING .Need to wait until next week to drop below 40sen a realistic figure unlike some calling it to drop below 20 sen.WORLD MARKET CRASHES also cannot find STAR MEDIA trading at 20sen
Anyway MCA withdrawing from the STATE ELECTION will save them alot of money so NO NEED TO DISPOSE of ASSETS or SHARES to fund the election campaign. This is a GOOD MOVE by MCA so possible STAR MEDIA shares will run UP.
Wait for Star Media to fall below 40sen only can NIMBLE abit by bit, DO NOT TAKE BIG BITE in STAR might get CHOKE. Serious investor don't favor related parties transaction and somemore pay by shares and NOT CASH in this uncertain times.People will think if the deal is so good the MCA senior member own company will not be sold to STAR ,like a CHINESE saying - where got so BIG TOAD jumping on the road. wait 40 sen coming soon
They have giving up HOPE and give a walkover in the state election so MCA huaren the controlling shareholders is also giving up hope in the STAR MEDIA and so you can guess the direction of STAR MEDIA going to. NO FIGHTING SPIRIT look at UMNO UEM
Star Media DROPPING TARGET PRICE of 40sen might be coming soon and maybe by TOMORROW can get at 39.5 sen.Nothing much can be done since MCA have NO FIGHTING SPIRIT so anything connected to it is just a GONE CASE
Today MCA wee ka seong say MCA need NEW BLOOD into MCA but what about STAR MEDIA ,any new blood going to inject into the management or retain the same OLD INACTIVE management team that only know how to do internal related party transaction
Possible Tong exit,slowly selling bit by bit instead of heavy selling.NO COMPANY SHARE BUY BACK at this price ,maybe at 35 sen at covid pandemic level ,pre covid is above 50sen,someone is slowly selling and with NO COMPANY BUY BACK in sight and maybe not worth 40 sen according to the STAR management team,
Meanwhile, Star maintained a solid balance sheet with a robust net cash position of RM366.4mn or 50.6sen/share (-0.6% QoQ, +5.9% YoY) and zero borrowings. Based on Share Price of $0.41 the market cap is only $303 m
Some panic for no reason. Tong holds the Star Media shares using 5 entities. 4 of this own 37,500,000 shares each and his personal name holds 39,339,200 shares. Probably need to streamline the holdings for more aquisitions.
TONG KOOI ONG 18-Apr-2023 Notice of Interest 39,339,200 ICHC ANSTALT 18-Apr-2023 Notice of Interest 37,500,000 PHILEO GROUP LIMITED 18-Apr-2023 Notice of Interest 37,500,000 THE EDGE COMMUNICATIONS SDN BHD 18-Apr-2023 Notice of Interest 37,500,000 THE EDGE MEDIA GROUP PTE LTD 18-Apr-2023 Notice of Interest 37,500,000
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....