1 person likes this.

106 comment(s). Last comment by ce0808 2017-06-01 11:02

Tai KT

1,419 posts

Posted by Tai KT > 2017-05-04 22:10 | Report Abuse

I like to compare company with similar industry, so that you get the fair value between them.

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-05-04 22:14 | Report Abuse

downtrend just started,don't be in self denial mode. dnex stands for DUMBO U R NEXT after ekovest and iwcity.....beware also up more than 300% since jan without any concrete news.

enning22

2,858 posts

Posted by enning22 > 2017-05-04 22:25 | Report Abuse

TYPICAL GORING STOCK

jontfj

527 posts

Posted by jontfj > 2017-05-04 22:37 | Report Abuse

MD acquired 130,000,000 shares @ 0.430, do u guys think he doesn't know what is coming soon?

jontfj

527 posts

Posted by jontfj > 2017-05-04 22:42 | Report Abuse

your 'warning' is more likely desperate to get DNeX as cheap as you can... kikikikiki

mamatede

3,950 posts

Posted by mamatede > 2017-05-04 22:56 | Report Abuse

Sold off my dnex as reached my tp 0.67 which is derived based on Myeg model. From here onwards, is better to invest in myeg as it is proven and gives dividend as well.

jayalbert

1,574 posts

Posted by jayalbert > 2017-05-04 22:58 | Report Abuse

Gud luck..

jontfj

527 posts

Posted by jontfj > 2017-05-04 23:12 | Report Abuse

wow, that myeg PE 45 and 3.6billion shares... good luck.

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-05-04 23:20 | Report Abuse

Hot, very hot...seems to attract same kind of crowd as Hibiscus earlier this year and Vivocom last year.

That is the main reason I wrote this.

You don't see me writing on other companies I just sold.

jayalbert

1,574 posts

Posted by jayalbert > 2017-05-04 23:21 | Report Abuse

Kikiki.. U press the right button..

Erie

497 posts

Posted by Erie > 2017-05-05 00:04 | Report Abuse

Yaa bcoz dnex is the darling stock n the rising star of 2017..haha

HHnW

13 posts

Posted by HHnW > 2017-05-05 00:38 | Report Abuse

Stockmanmy, here's the data:

MD Zainal Abidin acquired on:
17th Aug 2016 - 123.78mio shares at 0.25 from Censof
19th Sep 2016 - 35mio shares at 0.265 from Censof
10th Apr 2017 - 130mio shares at 0.43 from Azman Karim (who owns since 193.5mio shares before this disposal to Zainal Abidin.....)

And as of 25th April 2017, Zainal Abidin has 360mio shares equivalent to 20.6% shares of the company.

You caught the interesting point on their Profit.....good observation....and I believe you have good MNC background. And yes, of course these people in the Board are goreng kings....who's not. But look deeper..... just look deeper.

I am not sure about the price trend, but retracing to below 60 is unlikely in these 2mths.....however, who am I to tell, sentiment/any global effect can drive it in a different direction. Only God can tell. I don't play God, God needs to have deep pocket.... haha.

Anyway, I hv been accumulating. And I choose to hold them still, for now.

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-05-05 01:55 | Report Abuse

ok..that wold have been better.

now that you mentioned it, I remember noticing it a couple of weeks back when I bought at 50 sen...but forgot about it this morning.
lets just say both Azman and Zainal would know every thing there is to know....one is the seller, the other is the buyer. The buyer thinks he can do a lot of stuffs with it and the seller thinks there is nothing more he can do.


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

MD Zainal Abidin acquired on:
17th Aug 2016 - 123.78mio shares at 0.25 from Censof
19th Sep 2016 - 35mio shares at 0.265 from Censof
10th Apr 2017 - 130mio shares at 0.43 from Azman Karim (who owns since 193.5mio shares before this disposal to Zainal Abidin.....)

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-05-05 02:05 | Report Abuse

all these border permit stuffs............dream project of these UMNO Putras...monopoly money misusing government powers...

all these years, no such tax, then all of a sudden, somebody dreams it up.

what the goose can do, the gender can also do....there will be more and more nonsense in future.

does every UMNO putra just want to dream up more and more monopoly profits?

why can't these UMNO putras compete in the free market and make their living like the rest of us?

pussycats

7,574 posts

Posted by pussycats > 2017-05-05 05:44 | Report Abuse

TQ for the warning.

Posted by Pusher_Punisher > 2017-05-05 06:04 | Report Abuse

while many might disagree i think this time manny got a good point. thanks

jontfj

527 posts

Posted by jontfj > 2017-05-05 06:25 | Report Abuse

you will be happy to see DNeX drop, but it's not because ur 'warning', it's market sentiment.

jontfj

527 posts

Posted by jontfj > 2017-05-05 06:27 | Report Abuse

and your initial intention were bad, ur idea of showing notice of person ceasing, aren't you?

jontfj

527 posts

Posted by jontfj > 2017-05-05 06:31 | Report Abuse

you might have a good point there, buy DNeX is no longer GLC, as stated by MD at the AGM.

jontfj

527 posts

Posted by jontfj > 2017-05-05 06:33 | Report Abuse

what's goes around, will comes around... time will proof that u r wrong. Good Luck to u.

Tai KT

1,419 posts

Posted by Tai KT > 2017-05-05 06:41 | Report Abuse

Let the price correction, this is healthy.
I insist, my 2 cents statement is correct.
$10 profit is miss leading.
This is not goreng counter.
If you do not confident, you just out 1st.
You don't have to agree.
Let see the coming report so that you decide to re enter not.

HHnW

13 posts

Posted by HHnW > 2017-05-05 09:47 | Report Abuse

Yeah, as an investor, what I like about Dnex is their debt free position......and all its dream stream income...... that's why I am still bullish that 0.60 wil be history some 1+wk ago & still maintain my position during the red sea attack yesterday.....in fact I accumulated still....haha.... but again, as any investment, exercise your own judgement and handle your own risks.

Btw, yesterday, I also accumulated Ekovest.......

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-05-05 11:34 | Report Abuse

Deferred tax reversal as the main source of profits, negative goodwill as the main source of profits both coming from the merger accounting in oil and gas industry...I think the accounting profession needs a big revamp and I know all these creative accounting came from and are started by Americans.
I hate all these creative accounting stuffs.

HHnW >
You caught the interesting point on their Profit.....good observation.

kaikai

171 posts

Posted by kaikai > 2017-05-05 12:31 | Report Abuse

Brave soul

tjunkie

123 posts

Posted by tjunkie > 2017-05-05 12:44 | Report Abuse

That was what I caught too when I read the annual report. I bought in @0.39 avg as I saw limited downside and huge upside potential based on its PE and PBV plus it's zero debt and net cash position. But I am not convinced (after digesting the annual report) that their quarterly EPS can top the EPS of 2Qtr16 at least in the short term of few Qtr. I would see their avg qtr EPS stands around 0.5 to 0.8cents. Reason being contribution from O&G will be flattish for some time and their IT related business only brings in marginal revenue. That said I have locked in my position @0.65 and keep a small portion (which has zero balance cost) and KIV on their next few Qtr result

tjunkie

123 posts

Posted by tjunkie > 2017-05-05 13:00 | Report Abuse

Best read the book A Random Walk Down Wall Street by Burton Malkeil. He touch the subject on page 60 (Synergy Generates Energy) where creative accounting thru "Synergism" where having 2 plus 2 equal 5.

ktsk88

5,284 posts

Posted by ktsk88 > 2017-05-05 13:06 | Report Abuse

Posted by jontfj > May 4, 2017 10:37 PM | Report Abuse

MD acquired 130,000,000 shares @ 0.430, do u guys think he doesn't know what is coming soon?

Did you know MD bought at 0.43s and now 0.645s and he is 27.95 million richer.

ktsk88

5,284 posts

Posted by ktsk88 > 2017-05-05 13:08 | Report Abuse

just barely one month and made 27.95 million.

HHnW

13 posts

Posted by HHnW > 2017-05-05 13:17 | Report Abuse

Stockmanmy, yup, something like that...... U got it....and still can go a bit deeper.
..............................................................................................................................................
Stockmanmy :
lets just say both Azman and Zainal would know every thing there is to know....one is the seller, the other is the buyer. The buyer thinks he can do a lot of stuffs with it and the seller thinks there is nothing more he can do.

ktsk88

5,284 posts

Posted by ktsk88 > 2017-05-05 13:18 | Report Abuse

Maybe the buyer and the sellers trying to camouflage and in the end the 28mil shared among themselves................i can also said that.

Bear in mind crude is coming down now at USD49.00.

HHnW

13 posts

Posted by HHnW > 2017-05-05 13:20 | Report Abuse

...and, talking about creative accounting, i agree. But its everywhere. SGX market has it too, as regulated as the country is. Investing has two objectves, make money....short or longterm depending on your risk appetite. Don't romance with your stocks.

tjunkie

123 posts

Posted by tjunkie > 2017-05-05 13:25 | Report Abuse

Yeap...one of the rule of investing is don't fall in love with your investment. Applies business logic and accounting understanding when evaluating a stock. Don't follow the herd. Follow your own instinct and not what other people say or think. Own investment, on risk and own reward and nobody else. No matter how a share price fluctuates on a daily basis with sense or no sense, over long run the market will always be efficient and the share price will always ends up to its fair value.

ktsk88

5,284 posts

Posted by ktsk88 > 2017-05-05 13:36 | Report Abuse

Ayam Tua...............Glotec cantik................)).......more to come bila gas operational end of this year.

Yes, i never fall in love with stocks and there are some exceptional cases i will keep them long term......Panamy is my best investment so far.

tjunkie

123 posts

Posted by tjunkie > 2017-05-05 13:45 | Report Abuse

Not falling in love doesn't mean don't hold long term...some shares i have been holding for more than 10 years. To me as long as the fundamental don't change and is within a fair value basis, plus I don't need to rebalance my portfolio, I will keep holding it. Over long run, the dividend payout is more than enough to cover the purchase price of the stock

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-05-05 14:56 | Report Abuse

many years ago, there used to be an item known as Extraordinary Items where people can throw all their rubbish that passes through the P & L.

Some bright sparks in Wall Street convinced everybody to change international accounting standards to do away with this.

Wall Street rules.

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-05-05 19:57 | Report Abuse

Normally when you see high deferred tax reversal, you think not a bad company to have this. The company must must made a lot of money to have this huge deferred tax account. Right?

Wrong!

This huge deferred tax account is born out of the valuations of the oil fields and nothing to do with profits having ever been made.

what is that negative good will?

Let say you pay $ 100 for the oil field. Experts say the field is worth $ 150. Well....you have $ 50 worth of negative good will.

experts again......hahaha

the whole industry is a joke.

Profits used to be what you get for selling stuffs

Nowadays, profits is what you get for hiring experts.

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-05-05 23:30 | Report Abuse

RHB research , 25 Jewels dated 5 May 2017

Dnex
recurring net profits
2016 $ 139 million
2017 F $ 188 million
2018 F $ 199 million

well....if the 2016 profits are mainly one off accounting stuffs and not operating profits, can RHB be correct?

The truth will be known when the company releases its Q1 2017 results.


In the meantime, any thing can happen.

Tai KT

1,419 posts

Posted by Tai KT > 2017-05-06 00:03 | Report Abuse

manmy, you confuse people. Profit can be fake and you are right. But something there can not be fake. I know and I think you also so know what is inside can not be fake. while you drill too too deep on the profit and you over look the rest.
Look at the balance sheet, P and L, Cash flow, performance and the future prospects.

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-05-06 00:37 | Report Abuse

balance sheet, P and L, Cash flow are all inter linked...if analysts just extrapolate one off items as recurring items, all forecasts are wrong.

Tai KT

1,419 posts

Posted by Tai KT > 2017-05-06 07:56 | Report Abuse

Profit around 50m is real. only 89m were asset reevaluation from the total profit.

ktsk88

5,284 posts

Posted by ktsk88 > 2017-05-06 12:05 | Report Abuse

yes part of the last result announced is from revaluation assets.............so it won't be repeat in the coming result. Hence, the result could be lower than the last one......in my opinion.

Tai KT

1,419 posts

Posted by Tai KT > 2017-05-06 12:41 | Report Abuse

comparison of profit should be consistent always. it is no point to compare one with asset evaluate gain and one without. At least you have to take out goodwill included reevaluation gain before comparing.

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-05-10 01:16 | Report Abuse

if smart, should avoid Hibiscus, Dnex, Reach....these are Bursa's latest Red Chips.

Tai KT

1,419 posts

Posted by Tai KT > 2017-05-10 07:42 | Report Abuse

red chip are oil and gas , GLC, penny stock? not China base? Strange to me

stockraider

31,527 posts

Posted by stockraider > 2017-05-10 10:02 |

Post removed.Why?

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-05-10 14:06 | Report Abuse

Red Chip is my short hand for untrustworthy accounts, untrustworthy stocks, and candidates for limit downs.

There is a feel to such stocks....just like Iwcity, potential Iwcity.

Don't want that experience, just stay away from Dnex, Hibiscus and Reach....whatever RHB analysts may say........

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-05-10 14:08 | Report Abuse

you want UMNO putra stock? Just stick with Myeg.......and get at the price you are comfortable.

stockraider

31,527 posts

Posted by stockraider > 2017-05-10 15:18 |

Post removed.Why?

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-05-11 12:43 | Report Abuse

People who bets on Jaks are betting that the IPP will be completed on schedule and as agreed.

If you don't agree, don't bet.

As for this new Red Chip called Dnex......all the signs are already there for all to see.

ce0808

190 posts

Posted by ce0808 > 2017-06-01 11:02 | Report Abuse

TQ Stockmanmy for warned on it, took the profit and stay away from dnex..

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