Posted by MZM2511 > 2021-09-06 15:07 | Report Abuse

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

Posted by whistlebower99 > 2021-09-06 15:26 |

Post removed.Why?

Posted by fl888 > 2021-09-06 15:30 | Report Abuse

WC can buy if mother keep going upppp

Posted by whistlebower99 > 2021-09-06 15:32 | Report Abuse

In the event the properties are put on public auction by AmBank, the sell consideration will be
able to settle majority part of the outstanding amount owing to AmBank based on the current
market value of the properties which value at RM32,800,000 pursuant to the valuation reports
prepared by W M Malik & Kamaruzaman Sdn Bhd as at 30 July 2021.

=======================

Current market value = RM32,800,000

Posted by stockraider > 2021-09-06 15:37 |

Post removed.Why?

Posted by whistlebower99 > 2021-09-06 15:50 | Report Abuse

NETX paying RM38,197,402.02 for 6 retail units of market value RM32,800,000.

Not bad deal for seller.

Posted by ncy810116 > 2021-09-06 15:52 | Report Abuse

how far it can go this time round...

Posted by charlie chia > 2021-09-06 15:52 | Report Abuse

Anybody come across the size of the unit

Posted by charlie chia > 2021-09-06 15:57 | Report Abuse

Also not mentioned on which floor, it is ground prime location

Posted by calvintaneng > 2021-09-06 16:07 | Report Abuse

Posted by charlie chia > Sep 6, 2021 3:57 PM | Report Abuse

Also not mentioned on which floor, it is ground prime location


To charlie & all here

Quite easy to get the facts

Anyone who owns Netx shares can do this

Contact Netx Office and ask for Public Relation Officer

Then ask for details

Posted by MZM2511 > 2021-09-06 18:31 | Report Abuse

Eastern686 The question is not whether he has any shares, it is "is what he wrote true or false?
-----------------
Some are true, but many are false and in ill intention information, misleading and some are only based on his wild accusations. If he don't has any shares on his targeted counter, I think his probable ill intention acts will be more obvious.

Posted by calvintaneng > 2021-09-06 19:50 | Report Abuse

Yes MAM2511

We invest based on revealed facts and real time information

All these we can check and verify true or not

Nothing opaque or vague about investment

Netx bought real shop lots in shopping mall is a fact

Posted by whistlebower99 > 2021-09-06 22:02 | Report Abuse

NETX paying RM38,197,402.02 for 6 retail units of market value RM32,800,000.

NETX paid above market price and not at distressed asset price, like bailing out the seller by paying the interest on their Overdraft Facility.

Expected NETX to issue more shares for PP, ESOS or Rights Issue to raise more fund in near future.

Posted by whistlebower99 > 2021-09-06 22:08 | Report Abuse

RENOUNCEABLE RIGHTS ISSUE OF UP TO 629,491,596 NEW ORDINARY SHARES IN NETX ("NETX SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.13 PER RIGHTS SHARE TOGETHER WITH UP TO 314,745,798 FREE DETACHABLE WARRANTS IN NETX ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 2 OCTOBER 2020

RI price = 13sen
Current price = 13.5sen

Congrats to rights subscribers after months of depressed price.

For newcomers, take note of RI price and trade with care.

Monitor every QR reports, utilization of company funds and frequency of share issuance for fund raising

Posted by calvintaneng > 2021-09-07 01:54 | Report Abuse

Calvin would like to point out facts omitted

1. Rahim & co had valued these 6 shop lots at Rm66 millions in year 2016.

So the price of Rm38 millions current price constitute a bargain buying from out of court settlement as there is a discount of more than Rm28 millions from valuation

2. Netx after capital exercise still has Rm100 millions in cash and cash equivalent

3. Since the payment is allowed by Ambank by monthly installment there is no constrain to raise further capital from shareholders

Posted by calvintaneng > 2021-09-07 02:01 | Report Abuse

Rm32.8 millions is not market value but "Force sale" value by Ambank through high court reserve price for bidding

These are the value

1. Market Value - Rm66 millions

2. Force sale value - Rm32.8 millions

There are other figures which are not listed

Above market value
Fair value
Fire sale value

So far we have not seen fire sale value in Malaysia yet

So to buy at bank foreclosure force sale value is already excellent

Credits go to Netx Board of Directors

Kudos to their hard work

Posted by stockraider > 2021-09-07 06:55 | Report Abuse

Actually not enough info for us to assess the viability of this property investment mah!

Yes....they invested Rm 32.8m how big the units....what is the current yield rental ?

Are the units vacant or occupied leh ? Is the current rental sufficient to support the required return & cashflow ?

The mkt value of Rm 66m & force value of Rm 32.8m was done in 2016 when the property market is in better condition, how will be the current latest 2021 condition leh ?

What will netx will do with the current properties, what exactly their plans leh ?

Do they have people who know what they will do with this real estate leh ?

The company raise cash for their core business which suppose to be the technology side, why & how the management come to decide, to invest in this properties leh ?


Posted by calvintaneng > Sep 7, 2021 1:54 AM | Report Abuse

Calvin would like to point out facts omitted

1. Rahim & co had valued these 6 shop lots at Rm66 millions in year 2016.

So the price of Rm38 millions current price constitute a bargain buying from out of court settlement as there is a discount of more than Rm28 millions from valuation

2. Netx after capital exercise still has Rm100 millions in cash and cash equivalent

3. Since the payment is allowed by Ambank by monthly installment there is no constrain to raise further capital from shareholders


Posted by calvintaneng > Sep 7, 2021 2:01 AM | Report Abuse

Rm32.8 millions is not market value but "Force sale" value by Ambank through high court reserve price for bidding

These are the value

1. Market Value - Rm66 millions

2. Force sale value - Rm32.8 millions

There are other figures which are not listed

Above market value
Fair value
Fire sale value

So far we have not seen fire sale value in Malaysia yet

So to buy at bank foreclosure force sale value is already excellent

Credits go to Netx Board of Directors

Kudos to their hard work

Posted by ncy810116 > 2021-09-07 09:53 | Report Abuse

nice...

Posted by tomm77 > 2021-09-07 11:37 | Report Abuse

Sold at 0.15. Trade with caution

Posted by Ppmaster > 2021-09-07 11:48 | Report Abuse

Continue top up 0.14 from 0.075 - 0.14.

Posted by Ppmaster > 2021-09-07 12:06 | Report Abuse

Now paper gain more than RM 200k.

Posted by Ppmaster > 2021-09-07 12:06 | Report Abuse

Jus wait and see not rush.

Posted by Ppmaster > 2021-09-07 12:07 | Report Abuse

Try my luck. Haha.

Posted by calvintaneng > 2021-09-07 12:50 | Report Abuse

Calvin would like to point out facts omitted

1. Rahim & co had valued these 6 shop lots at Rm66 millions in year 2016.

So the price of Rm38 millions current price constitute a bargain buying from out of court settlement as there is a discount of more than Rm28 millions from valuation

2. Netx after capital exercise still has Rm100 millions in cash and cash equivalent

3. Since the payment is allowed by Ambank by monthly installment there is no constrain to raise further capital from shareholders


Posted by calvintaneng > Sep 7, 2021 2:01 AM | Report Abuse

Rm32.8 millions is not market value but "Force sale" value by Ambank through high court reserve price for bidding

These are the value

1. Market Value - Rm66 millions

2. Force sale value - Rm32.8 millions

There are other figures which are not listed

Above market value
Fair value
Fire sale value

So far we have not seen fire sale value in Malaysia yet

So to buy at bank foreclosure force sale value is already excellent

Credits go to Netx Board of Directors

Kudos to their hard work

See Sungai Wang Biggest Mall in Malaysia

Even under MCO still operating

Imagine when BOOM TIMES return one day

See

https://www.youtube.com/watch?v=MYHaR6LIAXU

Posted by nasrulfahmi > 2021-09-07 13:05 | Report Abuse

very good

Posted by calvintaneng > 2021-09-07 13:08 | Report Abuse

YES MORE GREAT GOOD NEWS

SG WANG 6 SHOPLOTS WERE VALUED AT RM66 MILLIONS BY RAHIM & CO

NOW NEXT GOT IT SO CHEAP AT RM38 MILLIONS (SAVING RM28 MILLIONS)

PLUS EXTRA EXTRA!!

SQ WANG PLAZA WENT THROUGH A FACE LIFT IN YEAR 2019

VALUE HAS GONE HIGHER

See

Sungei Wang Plaza to get ‘glistening gold’ look
Shawn Ng
/
EdgeProp.my

April 13, 2018 19:25 pm +08



https://www.theedgemarkets.com/article/sungei-wang-plaza-get-glistening-gold-look

Posted by Shootup > 2021-09-07 13:18 | Report Abuse

below is news reported.. but im not allowed to post the link since yesterday, just post a paragrapgh fr that news, below

But, that didn’t stop Malaysians from hitting the streets of Bukit Bintang and creating traffic in Kuala Lumpur that can only be described as what the city looked like before Covid-19.

Posted by Shootup > 2021-09-07 13:29 | Report Abuse

The purchase of this asset is a plus point, but how come can up a lot more than reasonable range?

Answer:
All the while investors fear for fake cash in the bank, but all these suspicion n fear are gone when netx show to us all they really have the money, they dont fake their financial figures

Posted by Ppmaster > 2021-09-07 13:32 | Report Abuse

Jus buy ticket to watch the show. Not much invest.

Posted by Ppmaster > 2021-09-07 13:33 | Report Abuse

If unlucky delisted lose 100% jus RM 200k + only, not much money.

Posted by Shootup > 2021-09-07 14:12 | Report Abuse

If lucky, 2times limit up, then 200k x 5 = 1mil

Posted by whistlebower99 > 2021-09-07 14:14 |

Post removed.Why?

Posted by whistlebower99 > 2021-09-07 14:15 | Report Abuse

Expect directors to issue more news & announcement to attract newcomers & newbies.
Modus operandi of loss making penny stock

Posted by whistlebower99 > 2021-09-07 14:15 | Report Abuse

Just a small single purchase of 6 retails units of shop lots managed to push the price up by 100% within few trading days.

Not even talking about the returns on investment. More over in pandemic era.

TAYOR, don't be greedy, take profit when due.

Posted by takeconUlar > 2021-09-07 14:18 |

Post removed.Why?

Posted by whistlebower99 > 2021-09-07 14:19 |

Post removed.Why?

Posted by whistlebower99 > 2021-09-07 14:23 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=&cat=AL%2CALCO&sub_type=&company=0020&mkt=&alph=&sec=&subsec=&dt_ht=01%2F01%2F2017&dt_lt=%23%2F#/?category=all

Use this link to see the history of massive share issuance to ESOS and PP from 2017 onwards

Posted by whistlebower99 > 2021-09-07 14:26 | Report Abuse

Trade wisely, always check on directors actions, quarterly results, fund raising exercises, shares issuance to ESOS and PP

Posted by calvintaneng > 2021-09-07 14:51 | Report Abuse

Why don't all also dig up early days accounts of Alibaba, Amazon, Facebook & even Tesla?

They all went through times of doubts and fears before succeeding

Netx now has

Discount to Net Assets of 19 sen

Cash or Cash equivalent alone over Rm100 millions

Shop house (Corner) worth over Rm5 Millions with loan less than Rm1.8 Mil

And able to buy into prime shoplots at Bargain Value

Next is far better than so many pump & dump hot air over valued ballooned stocks out there

Plus Asiabio & Credit Suisse & Top Directors of Netx still invested in Netx there is margin of safety

Posted by Ppmaster > 2021-09-07 15:18 | Report Abuse

Shhotup, haha , not think too much of 5 times, 2 times enough for me.

Posted by Ppmaster > 2021-09-07 15:20 | Report Abuse

Shootup, Depend on trader , now price at 0.145 - 0.15 can be the max price oledy too and will drop back below 0.10 also can. Anything can happen.

Posted by Ppmaster > 2021-09-07 15:21 | Report Abuse

Shootup , because the price from 0.07 to now 0.145 is up 100% oledy, will drop anytimes too, consider high risk.

Posted by Ppmaster > 2021-09-07 15:22 | Report Abuse

I wont suggest people to buy.

Posted by calvintaneng > 2021-09-07 15:31 | Report Abuse

There are always two groups

1) Short term punters/contra players

2) Longer Term Investors

I belong to 2nd group

Buy and hold type

Posted by Shootup > 2021-09-07 15:37 | Report Abuse

I dont think it drop b4 oct

Posted by Shootup > 2021-09-07 15:42 | Report Abuse

Just one good news is sufficient to limit up 2times

It owns sungai wang now, many bosses there, all rich doing business know netx now and likely dealing with it easily with confident

Lets imagine all hotels in bukit bintang deploy apps developed by netx

All retailers in bukit bintang support netx ewallet

Posted by Ppmaster > 2021-09-07 16:00 | Report Abuse

Shootup, anything can happen in share market, can be the chances but can be the trap too.

Posted by Ppmaster > 2021-09-07 16:01 | Report Abuse

Play safe only can be the long terms winner.

Posted by Shootup > 2021-09-07 16:14 | Report Abuse

Yup, i was trapped in kanger believing in vaccine play, losing 30% the biggest lost

May this local stock help me recover

Posted by Shootup > 2021-09-07 16:16 | Report Abuse

Never buy the china stock anymore, tats what i learn