Don't think it's a focused point to consider a turnaround to a "bailout" on AA. The newly injected funds from HK tycoon is lifting some financial burden, as with the vaccination rollout worldwide and awaiting economic "recovery"...

...and without a change of subject, we are still eagerly awaiting your contribution to our awareness of the 2 years plans from the Chinese. Thank you.

Would appreciate if you share with all of us here what the chinese have shared with you.

Many have said it, as have I...the chinese turns Proton like magic! Astounding performance, they are truly world class entrepreneurs. But look at their internal industry VERY CLOSELY...their electronics revolution in the southern belt of Shenzhen to Guangzhou, is an imitation of the Japanese electrical appliances. They are called OEM. Produced at lower cost, slap on any badge for a brand.

So, you mean to tell me now, the new Proton models and auto generations were homegrown? I would prefer to think...they're OEM models.

One chip foundry is not the same as the others. You cannot equate them like petrol stations. You can pump gas from any brand of station... To think the turn around is as simple as waving a magic wand like Harry Potter, is a fairy tale gone wrong.

The size and magnitude of the PP and with more to come in the 'turn around" process over the next 3-4 years is the query for the heavy payload...returns justification.

The mist is lifting and the more we see, it seems like a sugar coated bailout.

Be prepared to be locked in for at least 4 years.

Why climb to RM1.00 soon?...says the same man with full conviction.
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Posted by investor2021trading > Apr 3, 2021 2:58 PM | Report Abuse

DNeX has big dreams! like d saying "putting on a hat that is much too big for one's head"! DNeX wants Ping n SilTerra but where is d money?

No wonder it appears now, that millions of tickets are lined at 1.00 to find their way out.... Decision made. Thank you.

Do dream, by all means, but at your own Cost.

This dollar and cents just doesn't add up...And that's the reality when you wake up.

It is totally understandable and acceptable, and in fact MOST EFFICIENT to have the funds from warrants conversion (695 million x 0.50 sens, unfortunately only in July) + and additional NEW PP for, say RM250-300 million as working capital.

The pressing need for cash as PING RM165 million and Silterra RM160 million for 60% is only RM325 million.

At the Signing, investors were both, jumping for joy and seconds later utterly shocked at the announced requirement to raise RM700 million with New PP. (Not forgetting there's still PP of RM65 million)

Perhaps, Silterra is the tool which doubles as a slaughterhouse for investors and/or previous owner.

To refresh on PING acquisition :
Purchase additional 60% in PING at USD78 million. To be satisfied by :

----- Cash US$40.95 million==============> RM165.0 million
---New Shares Issuance of US$37.05 mill =====> RM149.3 million value

Vespa, that's the reason why some investors are having the opinion that this company with only RM66 mill as cash in hand is playing in the big leagues (Billion Ringgit tables) with post dated cheques (shares issuing)

Some perception is the substantially enlarged NOSH would have difficulty holding it's PE value for years to come.

@maney...I'm no sifu and sounds good that you are trading long, not short. Had anticipated and hope the mother share would surge to be sitting above 1.00 but devastatingly disappointed.

Price is placed upon value, worth of goods or services. Present price of mother share is unable to breakout, could be due to a number of factors, being which many sellers waiting at 1.00 and also the fact that Warrant would be pulled up. When warrant is up, buyers still trade instead of converting.

For long term, why not catch the warrants at 0.35 and below for conversion. Definitely lower entry and collection than mother share.

Just sharing information, not a Buy or Sell call. Trade at your own decisions. Good Luck.

Without further expansion, as reported, Silterra is only making profits of RM60 million annually, the past 3 years.

True Richard. New plants are costly and also takes time to construction, calibration and production. Being in collaboration with chinese Giant chipmaker is added advantage. But this Silterra plant has limited capacity and in commission for more than 20 years. Needing new equipment, up-grading, new technologies and ADDITIONAL FUNDING later.

Welcome Richard, just hoping for some sense in current mother shares unable to hold her grounds and slipping. Means investor not rushing in? or being punched and hammered at every attempt at 0.99?

You may spend USD100 Billion, 500 Billions or 2 Trillions...but to what means, is the worth and value of each investment, INDIVIDUALLY.

This is existing and new PP in pipeline :

Warrants 695 mill less 47 mill done, balance = 648 mill;
Brought forward 2020 PP, = 65 mill;
For PING acquisition in July, 2021, RM149 mill and assuming valued in number of share at 0.80 sens = 186 mill shares;
New PP to raise RM700 mill, and assuming at 0.80 = 875 mill shares.

Add those to current 2.2 B = 3.974 Billion NOSH

Richard, not talking about hundreds of shares units but in millions.

@Richard.. the balance 65 million shares from 2020 PP has been approved and extended til August 2021.Not included in the New PP announced at the occasion of Signing Silterra.

And did you add the number of shares to be issue for acquisition of PING? Issue new Shares for USD$37.05 => RM149.3 million

Everything has its value and price...

By August, 2021..the NOSH of Dnex would swell to be touching 4.0 Billion from the present 2.2 B, assuming the Warrants would make a mad rush in July by all those non-traded FREE and parked in CDS. From August 2016 till 17th Feb, 2021, warrant was traded at 0.10 sens and below. But on 18th Feb, 2021, it's price jumped to 0.30 sens.

On completion of all new and existing PP and Warrants in August, 2021, the NOSH at 4.0 B and company has raised RM1 Billion for purchases as well as working capital.

Can any smart sifu comment on the ROI and the state/price of the Listed share, in relation to earnings and PE?

Just because you put out your hands, no prudent Banker would blindly drop gold coins into them. Same as investors...does the end justify the means?

As mentioned earlier, this ctr isn't going anywhere soon. The inability of mother share to stay above 1.00 has found the warrant languishing at present range.

There were days when warrant reached above 0.43 and these have since been either cut loss or still held with diminishing hopes. (Present conversion has negative premium, rather than to plough in additional 0.50, cut with few sens losses.)

With the fine and marginal premium presently, warrants doesn't have the attractiveness for conversion. Sensing the low conversion, which is evident of only 47 million converted and listed, out of 695 millions, PLAN B was deployed....raise another PP for RM700 million, well over and above funding of 60% purchase price at RM163.8 million.

The size of new PP shares (probably 750 to 820 million), couple with 695 million warrants, (numbers in conversion still uncertain), certainly has Investors startled. How much more added weight to her Trading price would transpire? Hence, the sidelines, after the signing with interesting thoughts and PP induced flavour.

This is not a Buy or Sell call. Trade with your own decision and wisdom.

The listing on 19th March for 33,885,700 PP at 0.7339 and from the Free Detachable Warrants of 695,396,809 (expiry 31st July, 2021) of which only 47,793,300 has been additionally listed, not to mention the tiny drop of ESOS 4,655,435 at 0.245, the mother share price is kept close to the son for purpose of convert and hold at lower entry.

Full 695 mill Warrant conversion seems unlike, thus the PP as announce to raise funds for purchases.

Several months to go and locking long term tickets in vault for now. Not a day tripper. Ciao.

Exactly...completion in June-July and capital another 6 months till Dec....but until then, this is mud.

Post removed.Why?

Love to be proven WRONG...please,... oh, please.

Chinese saying, "you can't plaster mud on the wall"

You are who you are, and you cannot change that.

A penny stock shall always be a penny stock, that's who you are and what you are.

With all the warrant exercise and PP, maybe you'll grow a bit taller by July.

Lady in RED, and she likes it..maybe she'll wear it everyday.

The company has stated that the PP to raise funds for purchases, may be up to 30% of Shares Issued and that the size and price is yet to be determined, BUT people are so smart as to jump the gun to price tag and even speculate on the party taking the lot. (which btw may be a consortium) Such false messages even by the media does leave a bad taste.

On the historic moment with the greatest act of the company's lifetime, signing Silterra and the ctr moved up a mere 2 sens. What does this signify? There's more to do....a lot more... Better lock up in the freezer and store until the next Q.

And investors are waiting for a miracle to happen any time soon....

After the confirmation of Silterra deal and all doubts removed, but only up 1-2 sens, is a shameful act. We all know it's long term here but staying and struggling at lower 90s is not very respectable.

Hopefully, better showing after EGM, this morning or is it afternoon?

Unconverted warrant may be allowed to expire, no issue....but investors for long term may use as entry.

Warrant no long the key to the signing as PP should cover the 273 mill. Warrants just for extra working capital...but allows for investors good entry since still with premium.

Earlier, Warrant was the most important issue and with purchase price dropped to RM273 mill, the playing field has changed.

Guys, please stop the personal attacks. Everyone entitled to their opinions. Just put away all the profanities and bad language. Write professionally and with respect for others...please.

Given that all already in place, with the 4 Power stones : 1) NSW, 2)PING, 3)Silterra 4) Undersea Indo cable contract, of which Silterra is the most important and now SIGNED and SEALED...still not reaching a new high is unthinkable...

Initially, the warrant exercise was the key to the vault, but with the new purchase price of only RM273 mill, and to be funded by PP, the warrant play is NO LONGER crucial....that's extra working capital, maybe for PING.

DNeX, this is all you have?.... Most important document signed!

Before signing can shoot above 1.03 and now under selling pressure?

Fitting of a blue chip? Such disappointment.

There is still premium at present warrant price....so why not? Agreement already signed.... everything is on board.

After signing, still have Sale Offer? What's going on? Can't break 1.00 now? Un-natural to be like this....people must be walking around blind.

Here's why....Private can buy own vaccines and brand...so who in hell still need GLCs Pharmaceuticals?

https://www.msn.com/en-my/news/national/hasten-approval-of-new-vaccines-putrajaya-told/ar-BB1f8Eoe?li=BBr8Mk9

This is what's wrong........the U-turn gets bigger.....so who needs GLCs Pharmaceuticals anymore?

https://www.msn.com/en-my/news/national/hasten-approval-of-new-vaccines-putrajaya-told/ar-BB1f8Eoe?li=BBr8Mk9

Such predicaments....To be, or not to be ~ Hamlet, Shakespeare.

Mother price drops, not attractive for warrant. Mother shares up, many, many sellers....

Meter is running....tick tock, tick tock...

Looks like brakes still not released and getting crushed....tight range...not going anywhere with this volume.

Bro, pump up the music, this industry is not going to slow down...

https://www.theedgemarkets.com/article/more-chinese-companies-make-foray-semiconductors-global-times

This is not the first additional listings, what's your secret vendetta for such negative traits? Did she rape you?

Sorry to say, those looking forward to BONUS ISSUES and WE (at least not at this moment in time) would be grossly disappointed... I'm sure as a Malaysian we should respect and show awareness to our intelligence. But obliviously, he might not be a Malaysian.

Even Mrs. Lee knows better... thumbs up.

And someone who is still shouting signing ceremony anytime soon is just as his name suggested....

Perhaps, your friends themselves were to be blame for listening to someone who couldn't even count the number of fingers on his hands...he did ask for warrant conversion to be at 0.60 instead of the present 0.50 to have more premium, he assumed. How could anyone who cannot count to 10 or single digit be anywhere near 8 figures trading?

He failed his maths class...oopps.

To categorize that every PP, warrant or rights issue would put unnecessary weight on mother share is shallow thinking and could only see just a few inches from your nose.

The billion dollar question is...would DNeX be able to successfully sign the Silterra Agreement.....leaves to be yet seen and done.

Post removed.Why?

And you are definitely "half" WRONG... You failed to "see" the purpose and intentions of the PP. The one use to buy Glove factories is in direct competition with the Giants whom are enjoying a mega windfall for some limited period of time, as it may taper off and drop back to lower price levels. To use the PP for such purpose is to think "the grass is greener on the other side" Going into unchartered and unfamiliar territories is higher risk and professional Investors would shy from.

The thing RIGHT is that there would be additional shares to be floated in the market from Warrant exercise of Dnex magnitudes. Should the cause, rhyme and reasons be realistically analysed, the funds raised is to catapult her into glorifying success, then why should the weight of this be of any burden to bear?

Listing of 4.6 million ESOS is certainly not from the yet-to-be approved 5% ESOS (approx. 110 million) as scheduled for EGM on 1st April, 2021 (in 2 days)

This ESOS at 0.245 sens could have been those from earlier and the remainder allotment which was not taken up were cancelled (as announced)

4.6 million shares is just a drop of water in the pond, with more than 150 million shares traded each day, and still the top 5 traded everyday.