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Visitations will be lower once monthly BUDI95 fuel subsidies quota reduced locally and air fares prices high. Current situation might be worse than COVID if countries have to start to ration petrol purchases. As the share price keeps dropping lower and lower, stay on the sideline and sleep well. Enjoy the coffee.
its a good news if the recent selling is due to the US-Iran conflict :) V-shape recovery. Strong hands absorbing the volume these days will be smiling to the bank.
the only prospect left for speculation will be Gent's 20% stakes in Taurx; estimated at USD$125 per share and that 20% is worth approx USD$800mil vs the cost of investment approx USD$120mil. This is excluding the scenario of securing the maa from UK MHRA and whether hmtm will be produced by Taurx itself or the hmtm rights to be sold off to the big pharma.
I have seen through a few recessions and financial crisis but too young to understand the 1970’s energy crisis as not technically well versed in financial, economics and stockbroking industries then. Energy crisis is an entirely different situation as the adverse impact can hit across all industries and financial markets severely.
if you really think about it, the world has been in uncertainty all this while especially when Trump became 1st term POTUS and the trade war, then COVID, Ukraine-Russia war, Israel-Gaza war, Trump 2nd term and back to Tarrifs war again, and now US-Israel-Iran war. uncertainties have been around for at least the past 10 years.
not forgetting China-Taiwan tension and Korean peninsular tension. not to mention those smaller countries in Asia and Africa. As long as it involve one of the top countries, it would cause uncertainties.
spot on, eddy. yes it is, jackie. there are a lot of news and uncertainties. We have seen oil stocks spiked up and airlines stock spiked down pricing in the us iran war and uncertainties. These are the primary sectors with direct impact from the conflict and what follows suit will be news of inflationary pressure due to high oil price. The longer it stays at 100 and above, the higher the risk of inflation. Hence, retail investors can always look ahead into defensive sector during inflationary period instead of jumping into oil stocks which seems to be overvalued at this moment; priced in and raises question whether the earnings in coming quarters will be able to justify the valuation.
in case you are wondering how did I get the USD$125 per share for Taurx, Eddy. It is based on the last actual transacted price back in end of 2024 :) TORONTO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Company” or “Dundee”) announced today that it has sold to a private investor 8,000 of the 1,015,008 shares it holds in TauRX Pharmaceuticals Ltd. (“TauRx”) at a price of US$125 per share for proceeds to the Company of US$1,000,000. The transaction remains subject to TauRx board approval. Following the completion of the transaction Dundee will continue to hold 1,007,008 TauRx shares.
its also an opportunity to invest in good stocks in US, jackie. The overdue correction for US stocks is taking place now and looking good. And what started as US Fed rate cuts last year and going into this year is now showing approx 40% chance of a rate increase in Oct'26. From initial rate cuts in 2026 to rate increase :)
not sure whether its the right time to get in the car and just follow your own plans. I will wait for the boss/insiders to take actions first. Not sure what the boss is up to.
the first bond to be redeemed is usd300 mil from Empire Resorts Inc; due by Nov 2026. The sale of catskills non-gaming assets to Sullivan County is supposed to fund the redemption without the need of capital from GenM and whether Genting Berhad as the parent company will step in? No news on the sale from Sullivan County so far; ghosted.
there is no good news since Aug'24, Vin. Even the RWNYC full casino license is not a good news bcos of gung-ho plan from RWNYC - higher tax and license fees in order to secure the license. Fainted.
Not sure who was leading the RWNYC bid but that team should be fired. 56% tax on slots revenue and 30% on table games while the other two license winner are paying 25 to 30% tax on slots revenue and 10% tax on table games. RWNYC paying 600mil license fee instead of 500mil license fee.
yeah. Bit by bit and unknowingly. Gent increased GenM's stakes at 2.35 previously and market price is now 1.80; ~25% discount. Or rather Gent overpaid for the acquisition by 25%. Lol, no pun intended. Both GenM and Gent has dropped by 25% to 30% since Dec'25. No idea whether the market is punishing its capital misallocations or pricing in - high reinvestment low returns. May stay sideways for sometime until proven otherwise.
wah... my hands are getting itchy. the temptation to click buy is high to the extent of forgetting the plan to wait for it to move up to 2.60 first. fuhh....
Lol, ljz. the translated wordings seems weird. I think there are other attractive options and even the mag7 stocks are in correction mode; yummy if you will.
still back to you original question, who was dumping and who was buying. why sudden correction from rm3 to rm2.20 now for the past 1 month. is it that all genting resorts and hotels have to close and shut down like back in covid time, not even a single customer back then?
No idea, Eddy. Its chilling to imagine seeing the running loss figures on shareholders account for dollar stock like Genting. Such stock should have shareholders that invested high 5 figures to min 6 figures in it.
I think its irrational to have such conglomerate discount versus the sum of shareholdings market cap for its listed subsidiaries, ljz. Even the analysts median tp at 3.44 is kinda pessimistic.
can privatize Genting for 4 billions now. make it 8 billions to pump the price to rm4 offer price..many would be willing to sell. Lim family get a steep discount of 50% if offer to privatize at rm4. not forgetting all the future earning from NY and Singapore would be fully pocketed by them.
leaving those shareholders who have been bearing the losses for the past 8 years and when now almost the time to reap the reward, the boss kick you out of the train.
agreed with Vin. Additionally, if you look at the q4 report, Gent spent 3.26 bil to buy out GenM's 2.89 bil nci and didn't even meet the min 75% threshold at the close of the mgo. Definitely not easy and not cheap to privatise Gent.
not necessarily must be successful takeover. it could be just a tactic to accumulate back more shares at discounted price..just like GenM. the bosses could easily push up to 75% holding from 73.3% but they stopped and ghosted all d strategic plans for now and remain silence for the past 4 months.
next, genting berhad dropped from 3.50 to 2.20 now since the takeover offer of GenM and the eerily silence for the past 4 months. be reminded that NY casino will start operation in June and Taurx is expected to get the decision from UK MHRA within the next 3-4 months.
a share price dropped of more than 35% within a span of 4 months and the bosses mentioned nothing and no press conference. nothing at all. was this intentionally? for us to ponder.
I am curious too, eddy. The boss and his PACs/KienHuat Realty will have to push their shareholdings to min 75% to trigger <25% public spread rule or up to 90% to squeeze out minority interests in Genting Berhad to privatise it.
what you want ah tai to say? share price is out of my control, macro economy not good with the wars going on, oil price sky rocketing, you also know so what point to say again
total value for equity holders from q4 report is 29.68 bil and market cap right now is 8.6 bil. The market is in the opinion that it is unable to generate good returns from its assets / high reinvestment rate; capital misallocation if you will.
well, funds/insti were active the last few days rebalancing their positions; taking profits and switching counters. hopefully, some of the funds/insti will drop by here :)
they are also heavily on thematic stocks, jackie. as for the performance, they have analysts working for them and they will ask questions during investor briefing; most of the time forward looking statement/clarifications if you will. After all, they have access to the mgmt that retail investors dont. As for the recent drop, we should not rule out the possibility of investors' margin calls and being squeezed out since there are no corporate actions or announcements.
haha. the market still using Trump speech as reason to pump n dump. who in the world would believe Trump speech n promises? he can uturn within few hours or change his speech or promise as he likes.
for long term holding at this price, it would be good risk to enter. I have started entering from 2.32-2.42. didn't expect it to breach 2.3 support line.