I'm still holding and have not sold a single share since 0.785 and continue buying when it was dipping. Have faith in this counter.

Haha Monica, I believe me and YiStock have been accumulating it aggressively in the 0.255 - 0.26 for mother and 0.115 - 0.12 for warrants when it was at bottom weeks back. Well, not sure about YiStock, at least i do =)

going up due to?

Yes, e-pay's books will be translated from AUD into RM, in accordance to MFRS 121, when consolidated. However if not mistaken, it will not appear in Dec'13 quarter, but in Mar'14 quarter as the M&A exercise is expected to complete by then. So that means you will only be able to see the consolidation in Mar'14 quarter.

Guys, please be patient and stay with long with this stock (not contra). Trust me, you will only get surprises if you hold them.

Have a feeling someone huge behind is puchasing most of Instacom shares in the open market, while the price is still depressed. How I get to know this? By just looking at the huge volume everyday but very little price movement.

when it's in main market, it wont be sleeping anymore

been always hearing that, but no concrete date. is the news recent? please provide source.

damn it, redtone management buying its shares again? if i have enough bullet i would love to buy it again too.

this counter steady only... as usual..

DreamHunter, what caught your attention for this stock?

i think most instacom investors here have been holding the counter for quite some time.. So, any up or down in the market, won't really affect us.

hopefully, its not a one-night stand thing. up to 0.82 and fall back to 0.70.

Lol speakup, I like your statement.

http://www.thesundaily.my/news/788909 Some really long-term good news, if it happens.

Initially, there is one thing that bothers me. The shares outstanding is too huge, with 700mil shares outstanding. However upon closer look, the floating shares is only 70mil ++, and so i guess the movement of the stock price wont be bogged down by the massive shares outstanding provided no one dumped their shares into the market.

Then again, I saw Iris' floating shares amounts to 886mil shares which is insane, and yet it shares easily doubled within a week. My concern here is how the amount of outstanding shares and floating shares affect the overall market in real life situation, rather than theory.

Any comment on this, all instacom holders?

This counter would suit ColdEye's criteria for stock pick

Guys, please read properly, it's most probably not going to be 0.14 cents bcz of the following:

(a) At a discount of not more than 10% (the actual quantum of which is to be
determined by the Board) based on the volume weighted average market price
of Sumatec Shares for the five (5) market days (“WAMP”) immediately
preceding the pricing fixing date(s); or

(b) The par value of Sumatec Shares of RM0.14 each

whichever is higher.

hmm, Yistock, do u know how much % of instacom revenue is recurring?

TP for next 11 months - RM1.20. Looks achievable due to longer time frame and requiring time to reflect earnings from China

the warrants are not liquid enough, thus they need to convert warrant to mother to dispose it off.

Nope, chin aik, if they were to obtain RSC contract, their TP won't be 1.05 anymore as now analyst's TP of 1.05 has not taken into account the RSC contract...

Tadmax alrdy up more than 70%, with losses every quarter. speculative stock.

ahpan80, u need to understand the situation now is different from 1997. US Fed is tapering soon, that is why the market is going downwards but u need to know that, if Fed taper means they have strong confidence the US economy is improving.

its a short-term panic like last year, and is no where near 1997 where our currency and stock market is going up too much too fast.

who cares how the market is performing? when there is an opportunity to buy at low, ppl are afraid. where the price is too high, they dare not enter.

KUALA LUMPUR: REDTone International Bhd’s second quarter ended May, 2014’s net profit rose 52% to RM6.04mil from RM3.97mil a year ago from higher data revenue and gains from selling 35% in REDTone Mobile Sdn Bhd.

In a filing to Bursa Malaysia on Monday, the group posted a 14.1% rise in revenue to RM30.45mil from RM26.68mil a year ago due to the increase in data revenue.

Its earnings per share stood at 1.20 sen from 0.84 sen previously.

For its first half year, the group’s net profit rose 62% to RM9.69mil from RM5.98mil a year ago while revenue was up 16% to RM66.564 from RM57.35 previously.

Moving forward, the group expects its data and broadband services to be the major contributor to its profit for 2014, while the voice business segment will continue to be the group’s cash cow.

The group's profit will be strengthened by collaboration with Maxis Broadband Sdn Bhd on its Network Sharing and Alliance Agreement and is expected to contribute positively to the group's earnings for the next 10 years.

“Its collaboration with Telekom Malaysia on its High-Speed Broadband services is also expected to yield positive results,” it said.

=============================================

Redtone bullish on earnings. I'm still going long with this company, with TP of RM1 by mid of this year.

rimrim, 0.25 is indeed a cheap price, and if u can get it 2mr, u will be considered the lucky few. however, i would rather buy warrants for this share as the warrants have fallen more from its high.

side note, if OPR goes up, consumer products, property development will be affected and fund managers may target other companies.

chin aik, im not into PD companies for this year. thanks for your recommendation anyways. btw no worries, i dont think u need to wait 6 - 9 months time as Petronas will announce the RSC contract within a month or so from insider news. as to who is the winner, i have no idea yet haha

Eric, dude chill. Its only up 1 sen despite the good news. No need to be so excited yet.

bloodbath everywhere... this is a challenging time for investors like us

i noticed this is because there are 4 - 5 huge major shareholders owning up to 100mil shares on average per person. this is huge considering, the total shares issued is approx 700m no. of shares.

Anyone knows what the clarification made by Sumatec in Bursa to Nanyang news article relates to? Bursa website is down.

"OTHERS
Sumatec Resources Berhad ("Sumatec" or "the Company") - Clarification to the article published in NanYang Siang Pau on Rakushechnoye Oil Field"

i have a feeling that instaco, needs involvement of private equity into their shares to push them further to diversify, etc.

to add to YiStock's statement, it is because in time, fundamentally and high growth stocks will climb higher in price, it is very important to be in the stock before the stock moves. once the stock moves up higher, many ppl would wait for it 2 go btm a bit to catch it but in the end couldnt help waiting but entered at a higher price. in that way, when the price starts to fall, they would tend to sell. so in essence, if u were to play technical analysis in such a counter, u will to prey to many market makers (fund managers).

iWarrants, if you noticed the trend of Instacom-wb warrants recently, it moved up to a high of 0.13 from low of 0.11 and i was so afraid i would miss the boat and bought a few from 0.13. and now it has fallen back to low of 0.115, of coz u can only buy at seller price of 0.12, otherwise u need to queue for 0.115.

now im looking to accumulate more at 0.115 or 0.11 (if possible, but quite difficult). and the conversion price is only 0.33, with another 4 - 5 years to go b4 maturity.

emma, y sell when its at its low?

yes, most prob will pass through

I still remember months back in nov, they were targeting to hit 100,000 users by end of dec. as of now, they are alrdy hitting 120,000 subscribers and they are now targetting 500,000 subscribers by end of this year. u can see in their quarterly reports under segmental results, their data revenue is increasing by leaps and bounds.

im giving this company another 11 months to perform, rather than selling off the company once TP reached, with close monitoring of its quarterly results. holding long-term in this one and hopefully i can enjoy the full benefit for holding long. this is also becz i hv held this stock for almost 4 months now, its quite wasted to jz dispose at a small profit.

If they obtained the RSC contract, how much do u think the TP will be? Food for thought.

how is this counter faring in terms of fundamentals such as PE and NTA?

i have done a very thorough research in this company, and i must say even with or without step6978's tips, i'm going long on this counter and have high hopes.Currently, looking to buy its warrants for the exponential gain. Of coz i hold its mother as well.

http://www.btimes.com.my/Current_News/BTIMES/articles/20140123155444/Article/index_html Looking bright for SCOMI here to penetrate middle east countries, which are rich in oil and gas.

the company can purchase up to 50mil shares (10% of its outstanding shares). right now its, only 0.49%. i like companies tat buyback their shares, as a way to reward the shareholders.

haha greenday, not to mention, ghlsys. rcecap looks good for btm fishing now, but banking is out of my scope haha. i focus on a few counters only, 5 - 6 counters.

ulutrader, instacom directors (CEO and MD) sold all their warrants, not their mother shares. only the MD sell part of his mother shares, while the CEO did not sell any of her mother shares.

greenday, are u in this short-term or long-term? if you're in this short-term it'll be difficult for me 2 advise u on buying price as the market can be up or down anyday, affecting most counters across the board. for ur info, this company has fell to 0.50 within the last 1 or 2 weeks. so im nto sure when market sentiment is bad it will crawl back to 0.50.

however, if u're looking at this long-term, i can say the it is a good deal now. when gst was announced in budget, the counter went up to 0.60 immediately and then pushed even higher (close to 0.70) few days later. imagine if the company obtains new contracts from the gov, that'll even push the price higher than 0.60, in which we set as benchmark now. as under the najib administration, gov is in tight budget, so gov will definitely buy the software cheaper from censof which is almost 1/3 price from foreign softwares. with 80 gov companies now currently in censof's hands, there is huge potential revenue growth. not to mention other softwares censof is currently offering to gov, which is OBB. i find this is like another MYEG, where they are very expert and specialised especially to the gov only.

and if u plan to hold even longer, imagine when earnings from these contracts are recognised in the quarterly report, it will further boost the share price, like DSONIC, Inari and PRESBHD where these counters moved higher from its proven earnings.

catalysts could also come from synergy from TIME, in which we didnt factor into the price.

hope this helps. u can refer to my stock picks here http://klse.i3investor.com/servlets/pfs/26318.jsp (YOCB and CYPARK are not in my real-life portfolio)

i'm holding this counter until it's listed into mainboard, which is around the corner (ard q1). now its' only end of jan. im giving this counter 11 more months to proof to me it's worth and earnings performance.

hiddengem, u're so right.

Calvintaneng, 0.24 to current price is to take into account the turnaround. looking at the PE and NTA, its not very very overvalued as compared to companies like SCOMIES and Brahims which are at skyhigh , and they are still going up and up. this price is reflecting future earnings.

so dont tell me it has went up a lot. why dont u say brahims has went up a lot and its bubble gonna burst? btw brahims went up 10c today with PE 40++. HLG targeting further upside of RM30c