aha but I didn't buy this evening before market close. The management must now work really really hard to make sure the ideas in the MoU materialises. Now another potential stock to put money in and let it sleep and grow.

Was really really attracted to find out what was happening though.

This weekend is a time for homework for this company. Here's a start about Rapidcloud Malaysia http://www.morningstar.co.uk/uk/news/AN_1470996861785861900/alibaba-appoints-rapidcloud-as-channel-sales-partner-for-malaysia.aspx

Edited.

and........MoU! http://www.bursamalaysia.com/market/listed-companies/company-announcements/5390437

Can't deny the speculation, but neither can we deny the intention of certain parties to downplay the future profits but then again, we'll have to wait until we see on our local merchant webshops "We accept Visa/Mastercard/Paypal/Alipay etc" . Ghlsys is on track to be the biggest Asean merchant acquirer based on their latest QR.
..and no I don't think there will be another price surge but if there is, it is more than welcomed :P.

just some stuff to read http://www.businessinsider.com/alipay-is-pushing-into-the-us-2016-10?IR=T&r=US&IR=T

Is this counter benefitting from the latest Oil price surge too? Just wondering :)

Can I say, take over while it's cheap and seem hopeless to some? :)

http://www.thestar.com.my/business/business-news/2017/04/06/analyst-reports/

Thanks Ves88, hehe I'm quite open to ideas/discussion as long as it's civil and I joined this when it was really low so not too worried :) .

qwer4321, the day with the most volume is the day with the most people jump in. After a week or two, surely most are out or changed into long term holder haha.

I love it if it stays quiet for a week or two :) .

LOL, no one's denying that. The contra that jumped in from 1-2 day a go are most likely still inside. If I got in low, none of these would bother me. If it goes up again, what will it be then? Another con attempt? Let the stock clear the contra first. Stocks that demonstrated liquidity surely attract a lot of fryers.

LOL why not use the 'buy when people fear etc..' then? Guys/ladies, I think we've discussed a lot in this thread. Spend some time reading and then decide. Contra without holding power is not in a good position if you ask me.

That's why I said, "It's not wrong though if you want to wait for full implementation/coverage and until the system are set and proven to be streaming money in :) ."

Hehe, I think they are doing that. The Tesco/Parkson are tier 1 potential clients. An opportunity to get exposure to them through the Alipay venture. Tesco is one of the world biggest retailers. But let's not get too far ahead :P.

Ghlsys got the systems for e-commerce+alipay implementation, just need to further tailor them to customers' needs.

Thanks for the link cljy! Seriously, must read!

Chiaw3n, some of us believe in the long term prospect, some short term only. If you want to enter, maybe have some idea of the price support/resistance concept.

Day of transaction+4 days after is contra period usually. On T+3 or T+4 will have to settle payment or clear position. If not, forced selling.

If privatize, can I ask RM10 per share for mine ka? Can do direct business transaction :P. Chicken feed in total if compared to what they'll potentially be making.

Haha 2 more minutes until market close!

melvintcs, since you entered high, I suggest you read their latest QR if you plan on holding for long. If got time, go through everything. If not, read the section B1, and B2 of the report. I don't want to over sell or over estimate, but at the moment, Alipay is said to be larger than Paypal in terms of transactions values per day. Understand how does that affect us, the tourists from China, the merchants here.

Spend time reading about Alipay. If possible, search for statistics. I personally, am happy with the future prospect and looking forward to updates in the next QR or press releases. But then again, I entered low.

wow, 10 year high!

Let it fly to 50 sen, then can sleep again. I can sleep peacefully, wait till year end haha.

yay waking up!

Wow! Congrats! Even after warrant exercised, the total no of shares still less than 110 million :D

but of course if people got burnt because people chase and contra, then, I have nothing to say lah.

"Starting this month, GHL Systems Bhd (GHL) will begin offering AliPay payment acceptance services to Malaysian in-store merchants, as well as online ones.
The service will start with physical merchants before end-April, before being extended to e-commerce merchants, GHL said in a statement today."

http://www.theedgemarkets.com/my/article/ghl-partners-alipay-provide-payment-services-malaysia

It's not wrong though if you want to wait for full implementation/coverage and until the system are set and proven to be streaming money in :) .

that's the thing with growth stocks :) . At the moment, all I know is their revenue has been increasing for the past 3 years and bam, enter Alipay malaysia. The most powerful sentiment as of now. Will it add a significant revenue to Ghlsys? I know POS Malaysia's profit increased 40% from e-commerce. That was last year. Who knows what will happen next. People want to buy, no people want to sell, hence price goes up.

Edited

BIMB issued buy rating for this one and TP of RM 1.90 by the way. The T/O offeror move has been countered by the recent press release.

http://www.isaham.my/stock/zecon

this my friends, is the power of sentiments timed almost perfectly, and then, the rule of supply and demands kicks into action.

other than this https://klse.i3investor.com/blogs/PublicInvest/119792.jsp of course.

Market Capital (RM): 77.42m, Number of Share: 119.11m, EPS (cent): 42.01, P/E Ratio: 1.55, ROE (%): 50.61, NTA (RM): 0.830, Par Value (RM): 1.000

Taken fromhttp://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7028

anything brewing? 2 days climbing quietly.

Haha don't read half half. LOL. Nothing to worry about IF the company has a very beautiful future plan/prospect.

I don't own any Wintoni. But I'm on always on the look out for company that's making a comeback since I can get reasonable position at cheap price.

There's no par value to a stock. It's not used in Malaysia anymore. Effective Jan 2017. Premium paid for paid up shares, before enforcement period can be used by the company to clear losses.
Share capital reduction does not affect the number of your shares.

Consolidation does affect and I know what consolidate is. Now wintoni stands at 513 million shares, assuming 5 to 1 consolidation, that would be about 103 million shares after consolidation.
Lets say they want to raise fund by placing another 200-300 mill shares at 0.1 per share, they would get RM20 million that can be used for future growth and you'll be left with 300-400 mill shares again and temporary dilution of the consolidated price. If the company has solid turn around plan, this should be nothing to worry about.

But you have every right to be worried because, so far nothing concrete has been shown by the company. Delayed QR more than twice.

We've reached the limit the price can go up in one day ginvin. Gonna let mine sleep for a loooooong time.

Alibaba isn't here for 2-3 years. This will be in Malaysia for as long as it will generate money. I'd say we hit a jackpot for a long time.

now that you said it..that too O.O

So lightweight this one...

Until they come up with some hint of turning the company around, even the syndicates will be afraid to goreng this one. Afirad they'll cook themselves only.

Hollandship, do you have the link to the said announcement? We don't use par value anymore. So most probably, based on what you said, if it was true, they'll go with share capital reduction before consolidation. Which is not a bad move. It's a good move to clean their account of any losses and preparing the company for a 'new leaf'.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5289701 Based on this, 181,409,650 shares were cancelled.

181,409,650 x RM0.76351 = RM138,508,081.9. I'm guessing they are going for full up to RM180 million.

The number of shares that will be issued = Amount of money required divided by (volume weighted average price (5 days) after max discount of 15%) .

Edit: Corrected some wording.

They are not entirely wrong, just that the OnG price game is dictated by the giant producers...

Lol, it's a bit tiring following a stock like this but if it means promising future growth and profits without daily 'inspection', I won't be keeping this out of sight. Plus, I don't have to spend much at this stage to get a certain position size.

Keep sharing more updated legit infos peeps. 'Insider info' are welcome too. It doesn't matter who's wrong or right at predicting what's what, as long as we make money :).

Haha yes CharlesT!

Nklye, not hopeless. They are witholding updates. Haha, dang it. Just spend some time reading their announcements.

No, paper. No more par value in KLCI. Effective Jan 2017. If you scroll up a bit, there should be some discussion related to that.

To me, this report is like just to fulfill the quarterly reporting requirements. Very vague description in the prospect section. I want more info.

Haha..no mention of the capital reduction plans whatsoever. Are they hiding something? I wanted to look at that. Khatu, how?

Correct Tai. People who bought warrant are just betting that someone will drive mother's price up to a certain level and willing to see that money burnt if it doesn't happen.

If they can bundle the QR with details of the potential takeover, that would be much better. Investors can spend time studying it over the weekend.

So datuk, share lah what will happen in this game.

Just a quick calculation:

Warrant exercise price is RM0.75. Warrant current price is RM0.005.
Mother price is RM0.57.

Therefore, basically, if you want to exercise, you will have to pay:

Warrant price + Exercise Price = RM0.005 + RM0.75= RM0.755

and upon exercising, assuming the price of mother still static around this level,

RM0.57 - RM0.755 = -RM0.185 (18.5 cent loss) .

For me, I don't have much spare money to bet on this. So better look for something else.