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Congrats to new shareholders that joined in Mar / bought the double bottom trending. Its still stormy from the external headwinds perspective but Gtronic is still a safe shelter given its balance sheet and geographical segments.
Congrats Ruslan Ismail :) Have faith in your own plans. Personally for me - not selling my low price entries and will ride it through the May tropical storm and at least until after the upcoming Santa rally :) Any pullbacks or market panic selling on Gtronic will be welcomed so long the balance sheet and business landscape remains the same.
Indeed it offers attractive value when it was selling below 1.10 with its balance sheet. Such balance sheet enables opportunity for capex into new product segment which is still missing over the last few years. The new CEO mentioned about it last year and not much progress thus far. It will be interesting to observe the progress of the new leadership team; same old conservative style or bringing in new growth mindset. Just my opinions, could be wrong.
My guess(could be wrong) the recent Share Price Uptrend Movement….is due to an Angel Investor acquired 3M++ of Gtronic Shares couples days ago… .Beside he is also the Angel Investor and Substantial Share Holders of Frontkn.
Thanks, Keon Foo. You are referring to the announcement yesterday. All is well then. I am interested with the progress for the manufacturing of point-of-care diagnostics devices. The plan was to kick off the project within 24 months when the new CEO mentioned it in 2022.
