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>>>>>>>>

BeastOfTheEast wey boolshhitting sochai 3i

if you so smart & so sharp how come you did not throw your padini & dlady & switch to supermax when supermax still rm2.50 aah

becos you are really boolshhitting iddiot sochai only la

but always pretending to be know-all stock god & going around lecturing everybody else who actually knows & understands much more than him
17/07/2020 11:21 PM

>>>>{{{{{{




I have so many multi-baggers in my portfolio. I am ashamed to reveal them. Padini and DLady are also multi-baggers in my portfolio too. Don't be envious. Do not be emotional over the volatility. Owning wonderful companies for the long term works and its proven.

Be humble.

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>>>>>>>

calvintaneng Why you busybody own zero shares in Netx spent so much time here?

Why?

>>>>>>>{


Don't be upset because I do not own Netx. I did do some homework o n Netx though, this should be obvious. Just sharing.

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calvin, your friend strongcows has goneon holiday. Perhaps the blind can now see. Hallelujah.

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By the way, in your calculation, discount the warrants. It won't amount to much overall, unless the business of Netx suddenly bloomed like the gloves recently.

>>>>>>

Posted by GrowingRich > Jul 17, 2020 6:31 PM | Report Abuse

so sunyata

although your gross cost is 110 sen per 7 units you are also getting 9 sen worth of free warrants (3 units x 3 sen/unit)

so your net cost = 101 sen for everything

==> average cost 14.7 sen per share

>>>>{>{{{{




What happened to the share price of Netx the last 3 years?


Despite multiple private placements, the company did not perform, destroying value?

All those who bought the private placements saw their share worth decimated.


Similarly, the rights issue here.

Why do they need to raise this capital? Yes, they have run out of cash. If not enough people buying, they may be in financial distress.

What are they going to do with the new capital? Is it to grow their existing business? Doesn't look like it. No meaningful or significant business of note at present. Is it to improve their finances? Maybe. Did Next say it is to develop new businesses? Yes, they did. Your money will be used by Netx to try to develop new businesses to earn more returns for you, the shareholder. (I think I prefer to invest in a company where the business has already succeed and having high ROE. Less risky. More certainty. Do you disagree?)

What if the new business proves challenging (putting it in a mild manner)? Do you think the share price per share will still be 110/7 = 15.5 sen or lower?

Such a gruesome company, new business ( lotss of uncertainty) and you think you can unload the share at a premium to the next buyer or sucker? Maybe. Assuming you are smart money and not dumb money and you are always looking for bargains, what marginof safety do you demand? Let us assume 50% margin of safety discount to the 15.5 sen per share. Immediately, ex-rights you may be starring at 7.8 sen per share, a huge loss of your capital. More worrying, the longer you hold on, the bigger the opportnity cost.



Happy investing.

Some rights issues are good, others can be very bad

https://myinvestingnotes.blogspot.com/2009/09/some-rights-issues-are-good-others-can.html

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Why Companies Have to Make Rights Issue?


To put it bluntly, a company only needs to make a rights issue when it is short of money.


Depending on which category of rights it is issuing, we can then carry out a further analysis to decide whether the rights issue is a good or a bad one.

Through examining each type of rights issue, an intelligent investor can tell the wolves from the sheep.

Pricing the rights also requires proper evaluation.

Under the normal circumstances, a company should be able to finance its additional purchase of assets from either

- retained earnings or
- new borrowing or
- a combination of the two.

But, companies may have to raise new capital by making rights issues under three types of abnormal circumstances. These three cases are:

(1) The company is improperly managed such that it is either not very profitable (or even losing a lot of money) such that the incoming cash is not adequate to support the need to purchase more assets. Or owing to poor management of its assets, it now requires a lot more assets to support its operations.

(2) The company is moving into another line of business which is large relative to its current size and it requires a great deal of additional capital to start up the new venture.

(3) The company is in a very fast growing business. In fact, it is so fast growing that retained earnings and new borrowing alone are insufficient to sustain the growth.

In order to be a prudent investor, we must analyse the situation of the company which has announced a rights issue carefully to see which category it falls into in the first place.

Warren Buffett said: "The stock market is like God in that it helps those who help themselves, but unlike God, it does not forgive those who know not what they are doing." You can best "help yourselves" by learning more about the stock market as a whole and finding out more about the companies you are interested in. If you go in blindly, "not knowing what you are doing", basing your actions on rumours, you will have nobody to blame but yourselves if you lose money.

In the event of the rights issue going ahead, what options do shareholders have?

A: Investors can buy the new shares they are offered at the discount price, therefore maintaining the proportion of the bank they own.

B: They can let their rights lapse and receive a cheque from the bank in return when they are sold on the open market. But in this case, the holding they own will be reduced.

C: Another possible manoeuvre is "tail swallowing", where investors sell enough rights to the new shares as to allow them to take up as many shares as they can without paying out extra money.

In the event of the rights issue going ahead, what options do shareholders have?

A: Investors can buy the new shares they are offered at the discount price, therefore maintaining the proportion of the bank they own.

B: They can let their rights lapse and receive a cheque from the bank in return when they are sold on the open market. But in this case, the holding they own will be reduced.

C: Another possible manoeuvre is "tail swallowing", where investors sell enough rights to the new shares as to allow them to take up as many shares as they can without paying out extra money.

Look Out! Financing a capital project with equity may be a signal to investors that a company's prospects are not good.




CORPORATE FINANCE - SIGNALING PROSPECTS THROUGH FINANCING DECISIONS

When making capital decisions, a company's management should have more information than an investor, which implies asymmetric information.

A financing decision is a way in which a company can inadvertently signal its prospects to investors.

For example, suppose Newco decides to finance a new project with equity. Newco's additional equity would in fact dilute stockholder value.

Since companies typically try to maximize stockholder value, would an equity offering be a bad signal? The answer is yes.

- There would be some benefit from the project to the stockholders; however, the dilution from the offering would offset some of that benefit.

- If a company's prospects are good, management will finance new projects with other means, such as debt, to avoid giving any negative signals to the market.

CORPORATE FINANCE - SIGNALING PROSPECTS THROUGH FINANCING DECISIONS


When making capital decisions, a company's management should have more information than an investor, which implies asymmetric information.

A financing decision is a way in which a company can inadvertently signal its prospects to investors.

For example, suppose Newco decides to finance a new project with equity. Newco's additional equity would in fact dilute stockholder value.

Since companies typically try to maximize stockholder value, would an equity offering be a bad signal? The answer is yes.

- There would be some benefit from the project to the stockholders; however, the dilution from the offering would offset some of that benefit.

- If a company's prospects are good, management will finance new projects with other means, such as debt, to avoid giving any negative signals to the market.


Look Out! Financing a capital project with equity may be a signal to investors that a company's prospects are not good.

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>>>>>>>


calvintaneng Buy Netx while others are fearful
17/07/2020 4:43 PM


>>>>>>>>>



Not when it’s fundamentals are poor and deteriorating.

>>>>>


CoolBull wey boolshhitting sochai 3i

you were still blowing your padini at rm6 & your dlady at rm66

now your padini rm2.26 & your dlady rm41.20

while you're having your great grand glorious bittching boolshhitting party at NetX
17/07/2020 4:41 PM

>>>>>>>


Very interesting when Calvin and followers highlight Dlady and Padini. Any way, these companies have delivered fantastic returns to my portfolio over the long term. The lower their prices, the better their values and potential future returns.


Don’t apply the same thinking to gruesome companies. :-)

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I understand from cakvin, most of his supporters "invested" 1 m, 3 m or 5 m number of shares.

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>>>>
Shootup MR CALVIN, a few days ago u just hoohaa hooray... about queuing volume getting so huge at 1sen, u were promoting netx oso...

was that time u had known an imminent proposal on rights issue ????

r u helping the management team ???

do u receive any perks from netx office ???
17/07/2020 10:32 AM

>>>>>>



WoW

This is BREAKING NEWS. Hope it is fake.

>>>>>>>

Posted by polycarp > Jul 17, 2020 9:37 AM | Report Abuse

NoNE other counter is experiencing
this.


polycarp
1377 posts
Posted by polycarp > Jul 17, 2020 12:31 AM | Report Abuse

Like a nagging wife wouldn't you set
yr house on fire

Zzzzzzxxxxxxxx

I am referring to you 3iii



>>>>>>>>



relax and stay cool my friend polycarp


how much money are you risking in Netx?


If you cannot sleep well at night, an old advice is sell down to your sleeping point. :-)

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>>>

>Posted by polycarp > Jul 17, 2020 12:29 AM | Report Abuse

NoNE other counter is experiencing
this.


polycarp
1377 posts
Posted by polycarp > Jul 17, 2020 12:31 AM | Report Abuse

Like a nagging wife wouldn't you set
yr house on fire


>>>>>>>



This company grew its outstanding shares at a compound rate of 24%+ yearly.

A back of envelope calculation:

1. it doubles its outstanding shares every 3 years

2. if you invested 3 years ago, your shareholding will be diluted 50%.

3. if you have bought at 2.5 sen then and today the price is 1 sen, how much have you lost?

Using your analogy, your house is already on fire. Some strangers are raising the alarm. :-)

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>>>>>>>

Tom woi don't back horse cannon okay? lol..... when back on march time you really dare to grab bottom meh? lol talk kok number 1, and you don't even know my buy sell transaction from may until now....unless you are parasite in my stomach


Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Jul 16, 2020 11:31 PM | Report Abuse

Tom has sold all his shares in Netx.


When I commented on his sharing that he was 100% in cash in March, I was just trying to point out that somehow this was not smart.

When the market was the lowest anf you were 100% in cash, it just did not sound right. Please educate and learn more on investing.
17/07/2020 12:09 AM


>>>>{>{{





In general, if the market is at the trough and you are 100% in cash, I would be worried.

Did not calvin said to be greedy at the point of maximum pessimism?

Just reflecting on your action for my education. Nothing personal, as always.

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>>>>>>

calvintaneng See this

Bursa Malaysia Shares Fall After Worst Systems Glitch

https://www.bloomberg.com/news/articles/2008-07-04/bursa-malaysia-shar...

And who can help to overcome Systems Glitch?

Exinda Network by NetX of Course!

See

https://www.youtube.com/watch?v=vUi_cwBAqNk
17/07/2020 7:56 AM

>>>>>{{



Good to know but no impact on its bottom line.

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>>>>>>
Posted by SpotOn1 > Jul 16, 2020 11:58 PM | Report Abuse

Stockraider is the last person anyone should listen to in I3. Speaking from 1st hand experience on how he promoted Heng Yuan at 19.00 wit target price 40.00++

make your own analysis...

>>>>>>>

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dishinest raider acts and talk big. He is a very poor investor and trader. The 3 idiots, he is the worst.

>>>>>>

Shootup MR CALVIN,

CAN U OPEN A LIVE STREAMING SESSION to pacify the turbulent moods of ur fans n followers ???

i think easier for u to talk over the screen rather than write n write behind our checks for ur sincerity n trustworthiness, who knows after this face to face communication, netx shoot up 8sen

CAN U HAVE A LIVE SESSION WITH US ???
16/07/2020 11:09 PM

Shootup why no answer from u, this should be done for the goodness of u and followers

how mr calvin???
16/07/2020 11:10 PM

>>>>>>>>


?Are u implying turmoil in his whatsapp group? Not easy being a promoter.

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Tom has sold all his shares in Netx.


When I commented on his sharing that he was 100% in cash in March, I was just trying to point out that somehow this was not smart.

When the market was the lowest anf you were 100% in cash, it just did not sound right. Please educate and learn more on investing.

Those holding Netx today, be prepared to put more of your capital at risk. Otherwise, you will face dilution. Either way, whether you buy the rights or you forgo and sell your rigths, the outcome is not bright. Expect losses.

Always back to basics and fundamentals.

>>>>>

BeastOfTheEast cryptotrader you really understand RI or not

of course RI only good for RI participants only la

>>>>>{{



Such a stupid and arrogant statement.