its a dog eat dog world. This stock market
i win some, i loose some. iam responsible for pressing that buy button
looking to pick up some more at 3.5 cents.
my initial buy in was 6.2 cents, then average up to just a tad over 7 cents. Then i took the plunge and averaged down to a little over 5 cents now. so, yeah.. iam in the red. But so what. i've not sold.. so still in the game.
investing in DNA is like sitting at the pokies, each time you double up. You get a black, then another black, then another at every corner.. but my gut feeling. If i give up now, the next double up will be a red that will make up for all black.
Someone comments that this stock is jinxed, yes.. probably.. there's been a string of bad luck associate with this stock, not all of it is attributed to Somboon.. Somboon just seems to be hitting Red. the guy is lucky.. indeed.. seems eversince Somboon got kicked out, DNA luck went with him.
Joey's Lim bond instrument scandal, that wasn't Somboon doing. Somboon probably didn't even know what Joey did. that killed the share price from 20 cent right down to 3.8 cents.. pumping retail investor with low price entry.. hence probably is responsible for the valuation and price mismatch that in turn causes more dumping of the ASIC shares and below valuation and with too many retail holders with low entry price, share price can't just seem to get back up.
Covid-19 that's not Somboon doing.. anyone in Somboon position would have taken advantage of the situation.
Hopefully, when Paul Porntat do come back. The luck will come back to DNA.
after entitlement issue,
- equity will still be around 15 cents.
- NTA still at 10 cents.
- Casino now able to reopen
- border likely to reopen for patron. sometime this month, or next month
- there's new Cambodia casino law, coming out sometime this year. That will likely restrict future competition
- smaller operators would have dropped off over the past couple of months due to covid.
- external threats are now insiders, we'll now be a threat to others smaller operators. After Somboon come back.
these are some of the positive news that should drive share price up.
However, who know what the future hold.
- we could reopen, then Cambodia get hit with an outbreak. Then everything got to close again
or the Macau casino got bombed and all Chinese patrons get redirected to Cambodia.. or Somboon family get infected with Covid, and thats the end of his dynasty.. nothing is possible or impossible.
non of us can predict the future, we can only use current known facts to guide us.. base on the current facts (real or imagine) that i list above. i do think DNA is due for re-pricing.. of course anything can happen out of left field.. Could drive the share price up to $1 or drop down to $0
Who would have thought in 2020, Virgin Blue shareholders receive $0 for their shares.
Holders should turn up to the next AGM and throw questions at Paul Porntat, to his credit. He’s attending AGM.. more so than Joey Lim
had DNA settle with Somboon, 12 months ago like i suggest. We’d been at 20 cents going into the covid crisis.
(20min delay)