Monday 28 November 2016

Mieco Chipboard. Come Out And Play

Is a 1994 hit for Punk Rockers, the offspring .
On October 20th, this is what I had to say about  Mieco Chipboard :

Ng Ah Chai made a mandatory general offer for Meico at 90 sen a share.

The stock now trades at RM1.03, though volume so far is not convincing enough, for Meico to retest the RM1.40 level now.

That could however change in December though, if the dollar keeps firm, and the spring cleaning takes place as planned.

Well it's NOT DECEMBER yet. Mieco is now RM1.25 a share and COUNTING.