rr88, I do hope that you still have DNeX's shares left to sell. Buy first before you can sell otherwise it becomes short selling.

The last quarter earning should be out around 26/8/2021. Hopefully by then, the price should be around RM1

The DNeX "ship" is officially sailing........Congratulation to all who put their investment in DNeX.

anemon, does this rally anything to do with the coming huge announcement?

anemon, where do you get your insider's news? The institutions have not finished buying at low price

Edge, I understand. I choose to buy warrant instead of Call warrant or put warrant. Yes, the higher the risk you take, the higher the return you may get. Please only allocate 10% of your total available investment fund for the high risk investment.

Edge, buy mother share instead of call warrants. Logically it is not worth to buy because the conversion prices are ranging from RM0.9 to RM1.2 and expired ranges from 18/3/2022 to 30/5/2022 for CA to CG. Take CG for instance, 35 millions expired 30/5/22, conversion at RM1.2 for 5:1 ratio

anemon, you are right. PP is not required at the moment. DNeX is a blue-chip Stock in the making.

HerbertChua, I read the news many times and I don't find the contract sum of USD400 million per annum. It is very likely to be USD400 million for the contract to be supplied over a number of years. It could be renewable with stated term & condition.

I believe the institutions are the one to keep the price low to collect for their long term investments. For those smaller investors who have just converted the WD may be tempted to dispose for profit especially if the money used for the convection is from the borrowing.

70.1% of DNeX's shareholding is free float.

luckaje, should be coming soon as the last day of listing should be 11/8.

EPF already holds 40,058,200 shares. Please let me know if my information is not correct.

Trevor777, thank you very much.

Trevor 777, where can I get information on the balance of WD yet to be converted? Where can I get information whether institutions have been acquiring DNeX's shares?

It seems like the support at RM0.4, RM0.395 & RM0.39 are strong. These is what they want you to believe.

TedTock, you are absolutely right to say that.

The last day for submission with payment was 30/7. It will take 8 working days to process.

Not yet. The last day should be 11/8.

Good that all of you still can find humour even the price is dropping. This is what I call confidence. As long as you are prepared to stay mid to long term, treat some of the comments as entertainment.

I strongly believe that the balance 100+ million WD will convert to mother share. With the total of 695 million WD converted or to be converted by 11/8, RM340+ million has been and to be raised and these fund raised has been used to acquire Ping and Silterra with balance for further expansion of businesses. Unless further fund is needed, PP will not be called upon that soon. Don't worry if additional shares are listed for the next 10 days because raising fund is not easy especially during Covid-19 pandemic and it should give us further assurance that many investors are willing to put their money in DNeX.

Fellow investors of DNeX, don't quarrel over the good news. Share price has not moved up yet. It is a certainty that it will move up given time of 6 months to 2 years.

Looking at the prospective of DNeX raising additional funds through conversion to boost the cash flow. It is also proven that the investors ( institutions included) have strong confident in DNeX's bright future.

Trevor 777, TedTock, atilanohun, agreed with your advices. It is timely to remind all who have invested in DNeX, to prepare yourselves for at least 6 months to 2 years to realise your investment in DNeX.

Kakume, Since 14/7, the DNeX-WD has been suspended and could no longer be traded. It is equivalent to Zero if you opt not to invest RM0.5/share to convert. It is either you put in RM0.5/share to convert to mother share or you receive zero for holding it. The last day for the payment and the documentation to reach the registra is 30/7, it will take up to 8 working days to be listed.

The market needs to absorb part of those who have / is in the process to convert the WD to mother shares. Correct me if I am wrong, the last day to list these shares is 8/8/2021. There is still 150+ million WD to be converted unless it is treated as null and void. Based on RM0.765, you can have RM0.265/ share profit by investing RM0.5/share.

Gerard Lam, Thanks for details sharing of Silterra's current, future with projected prospects. In mid to long term, DNeX is going to perform well with all 4 cylinders generating power into 2022 and beyond.

Gerard Lam, you are very knowledgeable on Silterra especially on their bright future. Thank you for your contribution. By the end of the year, what is your projected DNeX's share price ?

Based on my estimation, almost all 695 million WD has been converted or to be converted in the next week or 2, to mother share resulting in additional funds of more than 340+ million. The share price is in consolidation likely because of some of these convection are for short term sales for profit.

baby Shark is circling around here for the right time to attack. Still waiting for the signal he is looking for. Good luck.

Ping - With projected profit from Ping ( RM52.8), Silterra - With projected revenue of USD300 annually Net profit 75 million to increase to USD 1 billion in 2025 - 60% - RM190 million, NSW - RM100 million annually RM25 million net profit, Submarine cable in Indonesia- 46.55% of RM63 million annually. Projected 5 million. Total projected profit = RM52.8 M + RM190 M + RM25M + RM5 M = RM272.8 M per year - PE 8.1 @0.775. If at PE 20, the share price should be RM1.91 Does it make sense. We are trading at possible premium of RM1.135

Based DNeX's report, the last three financial years ended 31 December 2018, 2019 and 2020, Ping reported a cumulative audited net profit of USD34.7 million. Average USD11.56/year. Based on report from Hibiscus, the production output from Anasuria Cluster will increase by about 10% in 2021 and the average crude oil price in 2021 is USD 63.2 and improving. From 1/7/2021, the projected Crude oil is expected to be USD70 pb ( increase by 10%). It is acceptable to expect the net profit for Ping in 2nd half of 2021 by 20% = 11.56 x 1.2 = (USD13.872/ 4 quarters) x 0.9 = USD 3.1212 million ( RM13.2 million per quarter). Please comment for my estimation.

Can someone tell me, based on Ping latest financial report ending 31/12/2020, the total revenue was RM142.4 million and the net profit ( after tax) was only RM9.3 million ( margin only 6.53%). Why so low?

jlex11 , your comment & observation is acceptable especially the ratio. Thanks

I think DNeX is still in the consolidation phase because of convection of DNeX-WD. I also do not expect DNeX to push towards RM1.5 or RM2.0 in the next 6-9 months because of Call Warrants ( CA,CB,CC,CD,CE,CF,CG) ranging from 21 to 100 million with convection price of RM0.9-RM 1.2 with the expiry date ( ranging from 31/1/2022 - 30/5/2022).

newbie8080, that is the information that I am looking for. Just to reconfirm what I read. Very expensive indeed.

I would like to know what is annualised PE @RM1.6. Thanks

I expect to stabilise the share price at RM0.9 +- in the short term. It needs to neutralise the WD convection and to provide clearer picture the direction of Silterra under new management and the price of the crude oil.

Ha.... another call warrant comes into play. DNeX-CF. Expired 30/5/2022. Conversion @RM0.9

Trevor777, thanks for providing information. I am just curious about the reason behind the warrant holders who hold especially like what you said 500-600 lots. Take 500 lots as example, @RM0.15 can sell in the open market for RM 75K even on 13/7/2021. What is reasonable enough not to sell the warrants on or before 13/7/2021?

Trevor777, we are talking about the balance of 275 million WD. I can understand for those small investors who hold few lots and may have forgotten about it.

I don't quite understand if the holders of the remaining of WD has no intention to convert. If you have no fund to convert, why didn't they sell at RM0.13 - RM0.16? At least, you could get back some of the money. Can someone tell me the logic behind not selling and not converting the WD? Unless overlook the last day of trade before suspension.

I am wandering whether there is any institution who have acquired the WD for the convection.

Trevor777, thanks for the info.

Trevor777, do you have any stat on the balance of WD yet to be converted?

I believe most of the warrants will be converted to mother shares. PP is no longer required for the moment unless additional fund is needed for the expansion in Silterra.

Jonathan, Old system - Need 2 weeks. Now, you can have internet transfer. All they are interested is to receive your payment and the documentation can be done on or before 8/8/2021.

Trevor777, I am not sure about the 23rd July. The last date for the conversion to mother share, to be listed, will be on 8/10/2021.

Trevor777, the last day of payment for conversion is 31/7/2021. As long as your payment is confirmed in their account on or before 31/7/2021, you will be entitled for the conversion. This is confirmed by the registrar. You can call the registrar to confirm. Thanks

Trevor777, thanks for your information :-To the Vendors of PING..192,368,414 shares in Dnex valued at 0.801 per share for USD37.05 million ==> RM149.3 million (at signing date but with forex dropping, RM154.087), which is now converted at USD1 = RM4.15889