Narialse

Narialse | Joined since 2020-01-15

Investing Experience -
Risk Profile -

Followers

0

Following

0

Blog Posts

0

Threads

129

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
129
Past 30 days
0
Past 7 days
0
Today
0

User Comments
Stock

2020-10-27 12:55 | Report Abuse

They issue Rights Issue mostly to pay back directors loans and for working capital la. Got read the announcement or not? Around a quarter for business expansion, maybe advance payment to Google or Amazon lo.

Stock

2020-10-27 12:02 | Report Abuse

They are going to sell aws and Google cloud to the government. No way that brings in more revenue than Microsoft. Government use aws to host government sites? Crony in local data center how to cari makan?

Stock

2020-10-27 10:11 | Report Abuse

Price will probably settle around 30sen for rights issue. Now that the backdoor government has seemingly sorted themselves out, wait until IIS announcement before going in. If presbhd somehow gets it or is involved (despite not being among those shortlisted), worst case limit up also you can get in around 40sen. If they don't get IIS and they don't get the Microsoft contract back, I honestly don't see how they can continue as a going concern.

Stock

2020-10-20 22:33 | Report Abuse

They need to raise cash. If rights issue is not at a huge discount, what's the point of people paying to subscribe?

Stock

2020-10-20 10:11 | Report Abuse

With the current sentiment and lack of news, I wouldn't get in until after the rights issue at the earliest, to be honest.

Stock

2020-10-09 09:34 | Report Abuse

I didn't say fake, my concern is it's not sustainable or there is something else to it. All this is conjecture on my part of course, but it's worth pointing out that an insider has sold off a considerable amount of shares on the open market. Maybe the other directors cannot afford to buy him out, who knows? But at the same time, if that were the case, I'd expect an explanation from them to calm the shareholders. After all, he is still chairman and has a duty to the shareholders.

Stock

2020-10-09 09:08 | Report Abuse

Macam pancut awal. Credit where it's due, rr88 called it.

Stock

2020-10-09 09:01 | Report Abuse

With a company like this, wait for a few more quarters to see if it's sustained lor. Anything else is guesswork unless you have access to their investor relations people like the IBs do.

Honestly though, looking at the volumes traded (daily volume exceeding free float) and price fluctuations over the last 2 weeks (2 limit ups if I'm not wrong?), I'd be very cautious and treat this as a gambling counter. I honestly don't think a company that has had one outstanding quarter after which the chairman and major shareholder disposed almost all his shares can be said to have any fundamentals.

Stock

2020-10-09 08:53 | Report Abuse

A lot of people seem keen to handwave this away, but the chairman has thrown almost all his shares since their record quarter (ended June) and he definitely knows something the rest of us don't so be cautious about using last quarters earnings as the basis of any valuation.

Stock

2020-10-01 16:21 | Report Abuse

Don't forget to set aside money for rights issue if you buy now, ya.

Stock

2020-10-01 15:54 | Report Abuse

Just started following this company because of the sudden run up and collapse, and it's curious that the price has come down so low despite the ECRL news. It was probably overbought on the run up but I'm curious why it's still being sold down despite a big contract win.

Stock

2020-10-01 11:55 | Report Abuse

Price rise now probably to entice people into subscribing for rights issue. Would make decision to enter after subscription date to be honest.

Stock

2020-09-25 10:12 | Report Abuse

I don't think there's an alternative. They will come to an agreement and the question is if the agreement includes prestariang.

Stock

2020-09-25 09:55 | Report Abuse

Just to add on, there is a chance Microsoft thinks they have the leverage to get around the rent seekers and deal with the government directly and that this is a negotiation tactic. Perhaps they will come back to prestariang once the deadline approaches, but that's a few too many gambles for me to be comfortable with.

Stock

2020-09-25 09:51 | Report Abuse

Honestly, as an MLA, you negotiate with the government, not Microsoft. It is the government who says this is my guy you have to go through to get my money. To use a less polite term, presbhd are rent seekers in this situation. If Microsoft is dropping them, the government must have told them that these aren't their guys once the current contract ends and the other guys will drop them as well. Even if they don't, Microsoft is probably the biggest slice of this pie.

As to prestariang's investment value, I believe they will get compensation from the government. The question is can they survive until they do and how much will they settle for. Chances are very low that they will get the full RM700 million. Best case for them was getting skin back which I thought was a real possibility because why buta buta pay settlement. It looked like strong arm tactic, batal first then nego nego, but that is looking increasingly unlikely with the reawarding of the iOS(skin under new name) in December. Valuation of this company for me honestly is wait for news. Maybe if MLA for Microsoft is extended or iis award is postponed again you can think about gambling but for me now, it's too risky.

Stock

2020-09-25 09:28 | Report Abuse

Thank you for sharing, Anthony. It looks like presbhd are relying on MLA with the government for revenue moving forward. The current deal expires in January, and with Microsoft very publicly dumping them, my concern is that there is a real chance they won't get renewals for their other licenses in January either. If the government is cutting them loose, they're in real trouble. I suppose best bet for them is Zahid making a comeback?

Stock

2020-09-24 15:14 | Report Abuse

IDSS suspended until year end la

Stock

2020-09-18 10:52 | Report Abuse

Don't know about good time or not, but just bear in mind the upcoming rights issue and set aside money accordingly before averaging down.

Stock

2020-08-28 17:41 | Report Abuse

Quarter results just released, looks ok, not great. Giving out free warrants which investors always love. No entitlement date yet, though.

Stock

2020-08-26 16:42 | Report Abuse

I think you've made your mind up about this company and are here to stir the pot. As for me, I've been holding for a while and have made money. Now I'm just trying to decide on an exit price.

Stock

2020-08-26 16:30 | Report Abuse

If that's your takeaway from what I said, power to you then.

Stock

2020-08-26 16:20 | Report Abuse

Wisdom: EPS of 1.47sen per share last quarter despite being closed for 2 out of the three months on record due to MCO is very encouraging.

Stock

2020-02-06 20:35 | Report Abuse

What happens on 2nd march is the liquidator will lelong the company's assets to the highest bidder. The proceeds of which will be used to pay the company's debts. The total assets of the company cannot cover the total debts so the shareholders will be left with nothing.

Stock

2020-01-30 11:52 | Report Abuse

To a degree yes, but if you bought after the winding up order was given, you only have yourself to blame.

Stock

2020-01-29 18:36 | Report Abuse

Yes, the outcome of the EGM on 23 January is null and void because the company is being wound up. If you have money in this company, it is as good as gone.

Stock

2020-01-22 10:47 | Report Abuse

Because the company's stopped work, having it's assets sold off and will be dissolved. Look up court ordered winding up process.

Stock

2020-01-22 07:42 | Report Abuse

That's why no point to save the shareholders, if you have the money, just form a new company and buy the IP etc at firesale from the liquidator. For sure it's not worth RM 330million.

Stock

2020-01-21 13:31 | Report Abuse

The time for the aussie fund or anyone in charge to show that they have a credible ability to turn the company around was during the hearing for the winding up petition. Now that judgement has been passed, the company effectively out of business and any directors have no say in the day to day activity. All power resides in the liquidator who will now sell off for any assets the companies owns to the highest bidder. These assets include any recipes and trademarks the London Biscuits own.

The cheapest option for any 'white knight' who wants to save the company now is to form a new company and buy all these assets including IP such as recipes and product names from the liquidator at these discounted rates and sell them as their own. Where this leaves shareholders of London Biscuits is shit out of luck because why would you buy shares in a company that is being wound up? Or why would you 'invest' in a company without finding out what a winding up order actually means? Answer is you were gambling. Poorly.

Stock

2020-01-15 11:16 | Report Abuse

I think many are misunderstanding what involuntary liquidation means. It means the liquidator from PWC is going to sell off London Biscuit's assets to repay it's loans. Profitability of the company etc doesn't matter, the banks have given up on being repaid any other way. Everything of value is going to be sold and whatever is left will be given to the shareholders. Given that the value of P&E of the company was already dubious at best and that their loans outweigh their assets, there will literally be nothing left of the company once the liquidator is done with it.