Take note that RC disposed 2.32 million shares at 16 sen on 17 th June.

Maximun, we can never be able to get the lowest price but i don't think it has dropped enough but shall keep tab on the progress of the equity restructuring. Just be patient cos every 1 sen counts for penny stocks like this. Gotta be careful not to buy at high level. Let it consolidate first whilst punters out there take time to digest the corporatenews. They won't like this.

Maximun, that means masuk own pocket. Cos he's using public Co funds ie from the cancellation of share cap and subsequent rights issue to buy his own private Co. Buaya, but that would also mean the more reason why he should pump up the share price when the right time comes. But meanwhile, the share price shall continue to be depressed first.

From right hand to left hand.....

Yeah, looks like QE is coming to an end and interest rates could be north bound....

Mid term i suppose. When i mentioned this on dvm thread on 7 June, it closed 20.5. But it surely will move north. 30 to 35 conservatively. Can be higher.

Hydroelectric project in perak is in the talks and with the perak umno youth chief, khairul harun having taken up a stake recently, it seems like share price is on its leg up. The required funding of 220 million justifies a price ramp up fairly soon

Hydroelectric project in perak and the perak umno youth chief, khairul hassan had taken up a stake recently. And of course the required funding is to the tune of 220 million justifies a play up in this counter.

Kfl and ANBZ, please have faith. Systech is the result of a back door listing thru vistel, so its a different animal now. if only you could be patient for another month or so. This is not for daily trade. When the share price moves, you can't catch it anymore. Look at dvm, hardly traded, but when it got ramped up, it was fast and furious.

Hey guys, as i had mentioned on 7 June about ideal Jacobs, take note that it's breaking out on to a new level.

I foresee it dropping to 12 in light of the cancellation of 10 sen par and rights issue

Cancellation of 10 sen par will halve the value of the share price, thereafter sucking more money from shareholders via issuance of rights. Raymond chan, you're the man.

Slow descent first, then restructuring play few months from now....

Do not play contra with ACE stocks.

I'm already in systech at 9 sen. Very low risk with potential for upside. Should be due for rerating when they announce the div date.

It's a waiting game but quite surely. They will call the AGM soon after final results.

You have to pay 10 sen for 1 rights issue. Wrts are given free.

Avis, rights entitlement is 4 rights & 3 wrts for every 2 you have. If rebase to 1, it will be 2 rights & 1.5 wrts for every one. So 10 lots will be 10 x 2 rights = 20 lots. Best is consult yr remisier.

Kamaru, i would predict another round of play cos the directors would want to distribute their free warrants then.... Hope you could make some

Dondy, fyi, the rights has been approved and final. The share price is trading ex rights now.

Pirate and juinming, i posted some views on the DVM thread. Please visit that thread to see if that makes some sense to you.

Hi Dvm friends, my pc still down, so I'm posting my humble views here in this thread. I'll put it in very simple layman terms. If you people may realise, all these ACE counters have virtually no fundamentals and would not even make the grade of institutional investors let alone GS. GS has got to be acting for some shareholders to drive up the share price for them to distribute at high price back to the retailers. This what we call Pump & Dump. The ingredients to succeed this are 1) Spin a story, as in this case the incubator business worth about RM180million which leads to the need to raise capital thru a Rights issue..... 2) propose a rights issue at par value, drive up the share price to create a Bonus Element between the rights offer and the current share price so that retailers deemed it worthwhile to subscribe for the rights. In many cases, it's always after they had announced the Ex-date for the Rights exercise that they pump the share price to spiral out of control to draw the buyers in order for them to distribute (DISPOSE) their shares to unsuspecting punters. Let me point out that on Tuesday, after hovering at 17 sen during the morning session, they orchestrated a spike up to 29 sen all the way up, gobbling up whatever that's on queue causing a frenzy of buying at 26, 27. This is when they unloaded in huge volume all the way down to close 22. Just 2 days away from the ex-date. Settled back at 13 for price to go ex. The warrants are a common instrument to sweeten the whole exercise.......... Having been in the stockbroking fraternity a good part of my working life, I had observed the same kind of Pump & Dump in almost all funds raising exercise in order to justify people putting more money into the company. Sadly in most cases, especially ACE counters, you will find that by such time when the exercise is complete, the major shareholders had already made an exit, leaving a lot of victims bleeding blood. I believe Dvm may trade lower when the new rights shares are traded because by then the enlarged share cap had already doubled. However, I would foresee the stock being played up again in another 3 to 4 months for the directors to unload their warrants which are given free. Now when this happens, I hope you guys are selling on the way up and not chasing the frenzy to be slaughtered up there. .... Lastly, I would like you people to take note of Ideal Jacobs which is undertaking a rights issue quite soon and see if it would unfold in the same manner. Please feel free to present your rebuttal for anyone who disagree. It's a learning process for as long as you still dabble in the stock market.

Chengyee, click on Announcements, then see Results.........

Kamaru, you may like to give me yr email add so i can explain to you in length how this game plan is played out. Very difficult to type here cos I'm using smartphone. My computer crashed.

This is virtually no risk. I feel strongly a bonus issue could even be in the offering. Let's hold it out.

Patience is virtue. I waited 6 months for DVM. No thanks to inactivity due to uncertainty caused by the election.

Yea, whatever traded today is not tied to the rights.....

You can only sell what you have cos you've not subscribed to the rights yet. Please refer to the date schedule above. Best consult yr remisier.

Whatever adjustment to the share price is determined by yesterday's closing. adjusted share price based on 13 closing yesterday is 10.5. It's already trading ex today, meaning whatever transaction done today is not entitled to the rights.

4u2c, please take note that EPS is denominated in sen, not in RM. Net profit of 2.613mm divided by share cap of 275m shares equals 0.95sen. Div announced is 0.5 sen. Par value is 10 sen.

4u2c, may i point out that eps is 1 sen for year ending march, not 20 sen. let's hope you make some good money. Cheers

I supposed 16 is possible

Systech would slowly be creeping up. And a safe bet too. 9 sen it's very very safe to enter.

No intuition play. Had Dvm not gone up?

Hi azta, you sound like someone i knew. you're right, I'm already on board Systech. Sure fire up, I'm quite sure of that.

There are very few ACE companies that are profitable these days and the div payout amounts to 7%. Believe this will catch attention very soon.

Believe this can take off very soon. Start accumulating and not miss the re rating.

...... Grilled them on.....

Hi, those who attended meeting today grilled them in the incubator business?

Hi, those who attended the egm, any questions raised on the incubator business?

Believe next counter to come into play is DVM.