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the margin call should be around 2.60 and below. forces sale based on calculated price in early March 2020 is around 2.10-2.30. it would be exciting to see what would happen between 2.30-2.60. would the boss let it to fall further nearing 2.30 or he would take action before that.
believe me when I said that Kien Huat has rm1.2 billion war chest that it accumulated from GenM since 2019. this is purely just from the sales of Empire. yet to factor its dividends. in addition, Kien Huat is now owning around 44.7% of Genting. it can easily pump up its holding to 55%-60% at such low valuation now. just wait before the triggered price of margin call soon
should be near to margin call price soon. the boss has sold its empire biz to GenM and should have tons of cash to do share buyback already. Genting itself had tight financial due to its recent failed GenM takeover.
back to what I'm been saying, why the boss wanna the price to be bottom? what is his intention? and what is the max bottom price that he can take before his pledged shares would hit the margin call?
just wait and monitor where s the support price as the share price has fall from rm5.1++ since the recovery of covid in 2022. It almost 50% fall from that price since.
sooner or later it would eat into the boss own pocket if he has pledged his shares to the banks as collateral. there must be a max bottom price that he would allow b4 taking action to stabilize and to support the price.