huat8888

MMode is really a good pick?

icn88
Publish date: Fri, 01 Dec 2017, 10:44 PM

Image result for mmode berhad

 

 

By refering to StockAlliance - " MMODE " the HIDDEN

beast,  http://klse.i3investor.com/blogs/stockalliance/140089.jsp

below are 3 more extra points to look at.

 

1 New shareholder just bought  61.068 million shares or a 37.5% stake of  Mmode  at the price of 30 sen a share on May 2017, suggesting there is more upside from entry 30sen per share. 

(https://www.thestar.com.my/business/business-news/2017/05/31/mmode-to-get-new-shareholder-business-revamp/

 

2.  By refering to latest quarter report 31 August 2017,  Mmode is net cash company with RM43.3 million cash with zero debt.

Based on current price RM0.37, market capitalization is only  RM60m, mean basically we only paid RM16.7 million to own Mmmode's business.

 

For latest quarter earning for Q1, reported net profit is RM2million. 


 

 

 

 

 

3.  According to technical chart as below, judging from the volume, we can see that buyer is definitely stronger than seller. Those small seller must be from retailer panic selling due to KLCI bearish sentiment. 

 

 

Happy invessting.

 

Good luck to all.

 

Above just for education purpose.

 

 

 

 

 

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Be the first to like this. Showing 2 of 2 comments

stncws

stock allince staff no 3

2017-12-02 00:12

pussycats

Are the writer stock alliance partner in M mode stock?

2017-12-02 06:14

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