Sunday, June 4, 2017

IMPROVED RESULTS+CEO’s BUYING=MULTI-BAGGER NEXT?

Accrelist stock As shared in my previous post with readers (you can read the post here) , CEO of Accreslist, Mr Terence Tea Yeok Kian had been purchasing shares off the market on a regular basis from January 2017 to April 2017. I have shared my thinking with you readers that a CEO’s purchase of his or her own stocks could only spell bullishness for the company and the stock.
Surprising in the entire May 2017 period, there was no longer any purchase by Mr Terence though on 31 May 2017, Accrelist reported its financial results. Though still loss-making, Accrelist managed to half its FY2017 losses ended March 2017 by 51% to US $3.1 million and on the same day, Mr Terence continued his purchase of his company’s shares again (4.95 million shares) at a price of $0.006 per share.

Accrelist’s latest financial result is an improvement and with Mr Terence’s continued purchase of his stocks, it augurs well for Accrelist stock. With a penny stock price level, any increment of this stock by pip-level would translate into multi-bagging potential. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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