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very sure HLCap will touch rm10 soon, then call for bonus issue, 4:1 or 3:1, once ex- down to rm2-3 and rise again, this way, they won't get caught on the public shareholding issue anymore and more retail/institutional participation.
because for an institution (local or foreign) to participate, it's has to be sufficient @ 5% or more. shares @ 246m only. 60+% controlled by HLG, so if someone wants to get 5% and above, need to buy from market @ at least 13m shares... everyday u see txn done about 1+ million ( effectively 60% coz got retailer kacau too). the rest is history... RM10 is easily reachable.
haha... this counter is institutional play, we follow the flow and logic. if you ask me, this is a RM10 counter, how magical it would be... look at the buying trend from RM6 onwards... u can spot it
Ian, good observation. if you look closer at the buying trend (timing and lots), it tend to snaps up simultaneously on certain tranaactiins. only institution will buy this way because of the low share base and because not much shares are available in the market.