Funny people talk a lot but not shareholders. No accounting knowledge. Fool people for personal pleasure. lol.
This counter has good positive NTA, better than hundreds of Bursa PLC. If Bursa truely check all, maybe half are real pn17.
Now surgical study thr account.
The c2pid clause of Bursa 50% below "paid up capital" is an out dated clause made positive asset company like this one as if got problem, unlucky got spot by Bursa (instead of hundreds more worst off zombie PLCs) to announce "Covid non GN3". What a irresponsible and misleading statement.
The Truth is.
The SSM company rule already cancel PAR value, so company has no PAR, as long company has positive NTA shall be healthy. The Paid Up can easily be cancel off with accumulated losses. The company should go cancel this c2pid accounting cosmatic and correctly inform public "no such Covid non gn3" clause.
Looking into company account, this company should have +ve RM100million + NTA. C2pid isnt it?
My view.
Covid medical business? Yes. NTA +ve? Yes. Profitable? Operation should be. Evaluate few quarter. Risk diversified? Yes
If enter 4-5c may check back after next few Quarter results to show true picture. I personal think 4c down side, but unlimited upside. So far fake gn3 also price stable.
Any upside is better than property or FD. With world covid MCO work at home, property can only be down side.
Stock: [NEXGRAM]: NEXGRAM HOLDINGS BERHAD
2020-10-26 23:24 | Report Abuse
Funny people talk a lot but not shareholders. No accounting knowledge. Fool people for personal pleasure. lol.
This counter has good positive NTA, better than hundreds of Bursa PLC. If Bursa truely check all, maybe half are real pn17.
Now surgical study thr account.
The c2pid clause of Bursa 50% below "paid up capital" is an out dated clause made positive asset company like this one as if got problem, unlucky got spot by Bursa (instead of hundreds more worst off zombie PLCs) to announce "Covid non GN3". What a irresponsible and misleading statement.
The Truth is.
The SSM company rule already cancel PAR value, so company has no PAR, as long company has positive NTA shall be healthy. The Paid Up can easily be cancel off with accumulated losses. The company should go cancel this c2pid accounting cosmatic and correctly inform public "no such Covid non gn3" clause.
Looking into company account, this company should have +ve RM100million + NTA. C2pid isnt it?
My view.
Covid medical business? Yes.
NTA +ve? Yes.
Profitable? Operation should be. Evaluate few quarter.
Risk diversified? Yes
If enter 4-5c may check back after next few Quarter results to show true picture. I personal think 4c down side, but unlimited upside. So far fake gn3 also price stable.
Any upside is better than property or FD. With world covid MCO work at home, property can only be down side.