Elliot Wave Technical Analysis
Vivocom : Lst push up to clear ?!
0.035 going turn to sell Q soon ???
Forwarded from Deleted Account
VIVOCOM - announcement of a 10 to 1 share consolidation. Is this good for shareholders ?.
The total number of shares will be significantly reduced by 10x to 566M shares and the price per share will be multiplied by 10x, thus the marketcap of the company remains the same.
Personally, I dread and dislike these kind of exercise as it doesn't bring much value to minority shareholders. Instead, it will cast more doubt and fear of an upcoming COLLAPSE in share price.
Let's take a walk through some past statistics of companies who have undertaken similar exercise.
PUC - pre-consolidation 28c, 4 month low post consolidation 7c, LOSS 75%
SCOMIES - pre-consolidation 50c, 5 month low post consolidation 4c, LOSS 92%
ICON - pre-consolidation 25c, 7 month low post consolidation 4c, LOSS 84%
It is interesting to note that these companies LOSS MORE THAN 50% OF ITS VALUE within 4 to 7 months post consolidation.
Why does this happen ?. Believed it or not, the main reason is because the investors feel that the share price is now "MORE EXPENSIVE (10x higher) and thus have MORE ROOM TO FALL".
Once everyone starts thinking the same, guess what will logically happen to the share price .... HEADING DOWNWARDS !!!.
The total number of shares will be significantly reduced by 10x to 566M shares and the price per share will be multiplied by 10x, thus the marketcap of the company remains the same.
Personally, I dread and dislike these kind of exercise as it doesn't bring much value to minority shareholders. Instead, it will cast more doubt and fear of an upcoming COLLAPSE in share price.
Let's take a walk through some past statistics of companies who have undertaken similar exercise.
PUC - pre-consolidation 28c, 4 month low post consolidation 7c, LOSS 75%
SCOMIES - pre-consolidation 50c, 5 month low post consolidation 4c, LOSS 92%
ICON - pre-consolidation 25c, 7 month low post consolidation 4c, LOSS 84%
It is interesting to note that these companies LOSS MORE THAN 50% OF ITS VALUE within 4 to 7 months post consolidation.
Why does this happen ?. Believed it or not, the main reason is because the investors feel that the share price is now "MORE EXPENSIVE (10x higher) and thus have MORE ROOM TO FALL".
Once everyone starts thinking the same, guess what will logically happen to the share price .... HEADING DOWNWARDS !!!.
Forwarded from Deleted Account
VIVOCOM - "The BEARS are DOMINATING"
Today's sell down is as expected, a clear indication that the 10 to 1 consolidation is NOT favorable in the eyes of shareholders.
The end of day trade summary shows that SELLERS OUTDONED BUYERS by a huge majority. A total of 116 Million shares were disposed off at 3.5 sens and 11.8 Million shares thrown down at 3 sens.
If that wasn't BAD ENOUGH, the Sell Q at 3.5 sens has now BALLONED to over 228 Million shares. Looks like retailers are really getting WARY about the situation and wants an EXIT at a higher price.
Will be interesting to see how this plays out next week, whether it can sustain at this price level. In my opinion, I believed it will be SOLD DOWN further, as more and more shareholders become aware of this consolidation exercise and it's NEGATIVE EFFECT on the share price.
Today's sell down is as expected, a clear indication that the 10 to 1 consolidation is NOT favorable in the eyes of shareholders.
The end of day trade summary shows that SELLERS OUTDONED BUYERS by a huge majority. A total of 116 Million shares were disposed off at 3.5 sens and 11.8 Million shares thrown down at 3 sens.
If that wasn't BAD ENOUGH, the Sell Q at 3.5 sens has now BALLONED to over 228 Million shares. Looks like retailers are really getting WARY about the situation and wants an EXIT at a higher price.
Will be interesting to see how this plays out next week, whether it can sustain at this price level. In my opinion, I believed it will be SOLD DOWN further, as more and more shareholders become aware of this consolidation exercise and it's NEGATIVE EFFECT on the share price.
Forwarded from Jasmine Sia
Check the masks u purchased is not only daily protective masks if possible where the filters can only block 70% of particles / bacteria. If buying China produced surgical masks pls make sure the code is YY/T not GB.
Forwarded from Malaysian News
Orang ramai tidak digalakkan pakai pelitup muka fabrik satu atau dua lapis
Source: Astroawani
July 27, 2020 at 08:10PM
More info follow -> @malaysiannews
Source: Astroawani
July 27, 2020 at 08:10PM
More info follow -> @malaysiannews
astroawani.com
Orang ramai tidak digalakkan pakai pelitup muka fabrik satu atau dua lapis
KKM tidak menggalakkan orang ramai untuk menggunakan pelitup muka fabrik yang hanya mempunyai satu atau dua lapisan.
Media is too big
VIEW IN TELEGRAM
I found a secret to become billionaire 😁😁😁 spend 3 minute to watxh it ☝🏽