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Taiwan side up this one no follow, only follow when Taiwan down. very funny..
In 2019, Clement owned about 10-12% of co shares. Assuming it is 10%, then the value of his shares is $1.65M only.
In 2020, when the shares hit $1.98, his share value is $108.9M
Now in 2021, at 55 cts, his shares value drops to $30.25M, (drop of about $78.65M)
According to SGX announcement, He has not bought or sell a single share since 2019.
The more he works, the more his wealth drops ? Is this possible ?
Questions :
1. Will he enjoy watching his wealth drops after enjoying a high of $108.9M ? Certainly NOT.
2. Will he try to push the share price up ? He has never attempted ?
3. Will he end up being a " poor" man like before ? Certainly NOT.
THINK what is happening here and u will beginning to realise that for thsi stock, share price do not correspond to business profits.
He actually floated the idea of mainboard listing but certainly Institutions support is not there, hence likely would not happened.
My 2 cents worth. DYODD
In 2020, when the shares hit $1.98, his share value is $108.9M
Now in 2021, at 55 cts, his shares value drops to $30.25M, (drop of about $78.65M)
According to SGX announcement, He has not bought or sell a single share since 2019.
The more he works, the more his wealth drops ? Is this possible ?
Questions :
1. Will he enjoy watching his wealth drops after enjoying a high of $108.9M ? Certainly NOT.
2. Will he try to push the share price up ? He has never attempted ?
3. Will he end up being a " poor" man like before ? Certainly NOT.
THINK what is happening here and u will beginning to realise that for thsi stock, share price do not correspond to business profits.
He actually floated the idea of mainboard listing but certainly Institutions support is not there, hence likely would not happened.
My 2 cents worth. DYODD
MTHIT5 ( Date: 07-Sep-2021 11:03) Posted:
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After seeing TW side up 10% for 2 days, I buy some just now at 55. Once big fish come in, it will be difficult to chase. May be around lunch time, big buy will come in to catch up with TW price. I see this stock still have chance to go back to former glory.
DYODD.
DYODD.
Maybe Taiwan side bear trap again!! Actually Medtecs is a very fun stock.
lailai ( Date: 06-Sep-2021 16:15) Posted:
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What a joke. In TW, up by 10%, in sgx struggling at 1% up, who knows could be flat by end of day in this Asia' s #1 worxx stock mkt. So how to be surprised?
Because of this report in Sep 2020: a major disconnect has emerged between the trading price of Medtecs shares listed on SGX and Medtecs&rsquo Taiwan Depository Receipts (TDR) listed in Taiwan.
I went in to buy at 1.44 in Sep, then more at 0.90 in Nov, and finally cut at 0.795
Too late to the game, and still FOMO.
Switched all to Q& M at 0.79 but still in the red, even if include the " supreme" dividend.
I went in to buy at 1.44 in Sep, then more at 0.90 in Nov, and finally cut at 0.795
Too late to the game, and still FOMO.
Switched all to Q& M at 0.79 but still in the red, even if include the " supreme" dividend.
wjchang ( Date: 03-Sep-2021 17:38) Posted:
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Right, dont trust these guys..
Use you capital and invest other stock. Don't trust this Yang family running the company. Have no direction and never knows how to grow on opportunity. This is not the first time d. People keep saying covid still spreading around but ther business drop so significantly. Imagine when covid slowdown what do they earn? Back to micro penny
wjchang ( Date: 03-Sep-2021 17:38) Posted:
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I' ve buy this share since last year and average down 2 times.
Bought the first time at 1.55 and average down at the price 1.22 and average down again at 0.9.
In the end, the average price is 1.22.
For the 1st Q this year already price range 0.98 - 1.2. I still choose to believe medtecs will go above 1.25-1.4, but unfortunately the 2nd Q (2H 21) result is terrible and I force to cut lose at 0.575 that is lose more than 50%!!!!!!! Although I got their supreme dividend but end up I lose my money here. Totally dissapointed and don' t have any hope at this counter anymore, and management also didn' t announce any dividend anymore. Don' t have any plans like those glove counter to build more plants and increase production.
Bought the first time at 1.55 and average down at the price 1.22 and average down again at 0.9.
In the end, the average price is 1.22.
For the 1st Q this year already price range 0.98 - 1.2. I still choose to believe medtecs will go above 1.25-1.4, but unfortunately the 2nd Q (2H 21) result is terrible and I force to cut lose at 0.575 that is lose more than 50%!!!!!!! Although I got their supreme dividend but end up I lose my money here. Totally dissapointed and don' t have any hope at this counter anymore, and management also didn' t announce any dividend anymore. Don' t have any plans like those glove counter to build more plants and increase production.
Wow new low. Last time one small dead cat bounce happy happy one, those say karma one, short squeeze one. Dunno go where liao. Hopefully all learn
Reaching 40 cents soon
tritonyeah6666 ( Date: 26-Jun-2021 18:57) Posted:
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now at 52-week low of 53 cents
alto26 ( Date: 03-Sep-2021 14:52) Posted:
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Agree, but his strategy is different from most companies. Hope investors open eyes wide wide and do not get caught again.
jackjack ( Date: 03-Sep-2021 14:28) Posted:
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To many this is a good share. It move and got volume.
alto26 ( Date: 03-Sep-2021 14:52) Posted:
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Useless stock
Aihz should have keep more short position. Looks like need to add back, more people realize need to dump this stock d
Looks like going to 50s.everday drop.losuy share
Tech is still better than medtecs. Can buy some when they retract. This one no future d. Even you want to invest on medical, RS and TG better bet. In the pasr 20-25 years, Medtecs has history of going up and going down all the way where it starts from. Same family run same style in same company. Penny stock still and penny stock
ETLee8 ( Date: 03-Sep-2021 12:31) Posted:
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Careful on tech too hah. May companies are running short of raw materials, due to containers stucked at various countries, shipping, china factories, ...etc.
Besides, price has gone up for the raw materials too. So many tech companies are facing delivery issues, unable to meet customers requests.
On the hindsight it may look very good business, but if can not deliver on time, your profits will be seriously affected. Basically it is a supply chain problem too.
DYODD.
Besides, price has gone up for the raw materials too. So many tech companies are facing delivery issues, unable to meet customers requests.
On the hindsight it may look very good business, but if can not deliver on time, your profits will be seriously affected. Basically it is a supply chain problem too.
DYODD.
eagleeyes1989 ( Date: 03-Sep-2021 12:10) Posted:
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i think gone case alr. need to divest and deploy elsewhere. medical run is officially over. adopt a post-covid mindset and look for more lucrative sectors - such as tech..