Friday, June 30, 2017

MM2 - Starhub Plans Placement

MM2 just released some good news today. Starhub, it's substantial shareholder plans to invest $15 million more into the company to increased it's stake to about 10%. It's definitely a good piece of news. The last time Starhub increased it's stake as in 31/3/2016 and the stock flew. But this time round, because the overall market volatility, it's harder to determine the movements. I will monitor the funds flowing and the scripts available in this counter before deciding the next course of action.

Ronald K - Market Psychologist - A Stock Market Opportunist