Good luck for you! make quick contra gain on Resort.
I will keep buying resorts on weakness and probably make full use of my existing capital. I'm quite comfortable with resort and expect it to rebound one day.
TNB has just declare dividend of 10sen. Even voice to push lower electric traffic, it is unlikely to materialize in short term.
No contra today! Only bought resorts at 2.29 and make total average cost holding at 2.39. Will just concentrate my capital on this stock at the moment. If dip further, will wanna to increase resorts as long it didn't break further down to its floor price region at 2.16-2.20. Today volume slightly higher than yesterday, but still record high in a year, indicate selling pressure still exist!
Part of the selling pressure by foreign investor are unhappy with resorts recent acquition. Both Bromet Limited and Digital Tree (USA), Inc. are acquire for a total cash consideration of USD69.0 million (RM255m). These company hold just merely 10% of Walker Digital Gaming, specialises in the development, protection and commercialisation of gaming-related patents. In addition, acquition are related party transcation and fear of overpay premium and deteriorate gaming industry in US also contribute selling force.
Nevertheless, this purchase are not deviate from Resorts core business-gaming industry. In addition, the total cost of 255m is just use up about 5.5% of its cash reserve. Year end is approaching, window dressing is highly expected
Good news!, resorts responded correctly by start share buyback activity. Today buyback consist of about 10% of total volume traded today in the region of RM 2.33-2.35.
Sold off Daiman at 1.46 to realize maginal profit. Sold also some PJ devel at 47-48 after it declare dividend payment of 5 sen, but soon bought it back at 46.5sen. Very tempted to buy sime, but better be more prudent as management has significantly downgrade their own KPI.
11 comments:
Good luck for you! make quick contra gain on Resort.
I will keep buying resorts on weakness and probably make full use of my existing capital. I'm quite comfortable with resort and expect it to rebound one day.
TNB has just declare dividend of 10sen. Even voice to push lower electric traffic, it is unlikely to materialize in short term.
i have the same thought for Resorts, should not have much worries on this one.
No contra today! Only bought resorts at 2.29 and make total average cost holding at 2.39. Will just concentrate my capital on this stock at the moment. If dip further, will wanna to increase resorts as long it didn't break further down to its floor price region at 2.16-2.20. Today volume slightly higher than yesterday, but still record high in a year, indicate selling pressure still exist!
i have zero position on resorts, will try contra play next week. Am playing confidently with this one...
Part of the selling pressure by foreign investor are unhappy with resorts recent acquition. Both Bromet Limited and Digital Tree (USA), Inc. are acquire for a total cash consideration of USD69.0 million (RM255m). These company hold just merely 10% of Walker Digital Gaming, specialises in the development, protection and commercialisation of gaming-related patents. In addition, acquition are related party transcation and fear of overpay premium and deteriorate gaming industry in US also contribute selling force.
Nevertheless, this purchase are not deviate from Resorts core business-gaming industry. In addition, the total cost of 255m is just use up about 5.5% of its cash reserve. Year end is approaching, window dressing is highly expected
Good news!, resorts responded correctly by start share buyback activity. Today buyback consist of about 10% of total volume traded today in the region of RM 2.33-2.35.
Bought resorts at 2.26-2.27 to further bring down my holding cost to 2.34, volume has shrinking, selling pressure may ease soon.
zero trade for me...
Sold off Daiman at 1.46 to realize maginal profit. Sold also some PJ devel at 47-48 after it declare dividend payment of 5 sen, but soon bought it back at 46.5sen. Very tempted to buy sime, but better be more prudent as management has significantly downgrade their own KPI.
Bought again resorts at 2.22, company continue to buyback share agrressively.
me still queuing at lower price on resorts...
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