Now
is the opportunity to collect the Plabs stock due to the board tussle.
For the past weeks, the share price has tumble from the peak of 0.40 to
lowest 0.195 due to the board tussle issue. The drop of ~50% in share
price has nothing to do with its business or operation at all, but just
merely the board tussle.
Plabs which has consistent revenue and profit for past many years, and yet it is expanding its business in other country, see a sudden drop of share price due to this board tussle. Anyway, with the latest announcement the Mr. Lau Kin Wai ceases to be the substantial shareholder in Plabs, which i believe he has sold out all of this on hand shares , the share price should slowly recover to above 30sen.
With end of the board tussle, the board may announce dividend to the shareholder. Afterall, the company is cash rich and has consistent earning.
Plabs which has consistent revenue and profit for past many years, and yet it is expanding its business in other country, see a sudden drop of share price due to this board tussle. Anyway, with the latest announcement the Mr. Lau Kin Wai ceases to be the substantial shareholder in Plabs, which i believe he has sold out all of this on hand shares , the share price should slowly recover to above 30sen.
With end of the board tussle, the board may announce dividend to the shareholder. Afterall, the company is cash rich and has consistent earning.
https://klse.i3investor.com/blogs/plabs/203146.jsp
