DOLPHIN'S POTENTIAL TO FLY.
The catchy headline will lead you to an interesting story...
Lets start with the cheap valuations of Dolphin.
In 2015, this stock traded at a high of RM 0.92 sens.
Today, it is only RM 0.155 !
That is a steep 83% discount as compared to the high in 2015 !
I know most of you millionares are already eyeing potential takeover, private placements, privatization and etc from this chart which has seen this stock been oversold since IPO.
After all, this stock only has a RM 30.5 million market capitalization, which is rather easy for new takeovers if the price is right.
The great Turnaround Stated in 2017 for FY 2018.
(This is quoted by the Star and the MD who should mean business in what they said in 2017)
Private Placement at RM 0.195 & RM 0.20
This definitely gives a high margin of safety for investors today !
Therefore, lets forget the past and look towards a flying Dolphin.
After all, the price now is cheap and is close to the all time lows... The volume and transactions at this price range could see some potential accumulation ongoing. A breakout above RM 0.15 with strong volume should see this stock test the RM 0.20- RM 0.25 level.
Thank you for reading.
Disclaimer:Investing in stocks is a great tool for capital gains. However, all investments come with risk. Therefore, all investment decisions should be borne at your own cost and I will not be held liable for any investment decisions made. Do not buy Equities if you do not know the risk !! Thank you