Apart from it's rm34 millions cash hoard netx has investments in mlab shares.
It seems like netx has been burning cash. This is part and parcel of a new start up company investing into many areas....will they succeed of fail ultimately depends on how it's innovation meet the needs of the digital economy age
Just like hibiscus kept up drilling for oil until it strikes oil and turn it around finally so Netx is now sailing into favourable prospects of Malaysian Govt has made THE DIGITAL ECONOMY as the main focus for October 11 budget
This is why Calvin thinks Netx has a 70% fighting chance to succeed given the new impetus
Another classic example is Hubline...it was in long consolidation of RM0.005/Rm0.01 and many thought they could buy at Rm0.005 n sell at RM0.01 for 100% profit...
Then shares consolidation from 20 into 1 in 2017 and all kena burnt
When hubline was traded at 4 sen I went to do a study. It has nta over 20 sen I think
BUT it was horrible assets of rusty ships and equipment which have little value
So I gave ample warning after warning on hubline And I was correct
I also gave warning about hibiscus because its share crashed from RM1. 00 to all time low. BUT hibiscus was holding out and even gave private placements to raise funds
In the end hibiscus struck oil and price rebounded back to rm1. 00. So I was wrong on hibiscus
Now unlike hubline the nta of netx consists of
1. Cash of rm34 millions 2. Investments in mlab shares 3. All needed IT infrar stuffs
There are of much better value than hubline rusty ships
So there is a big difference between netx and hubline
DATO' HASAN BIN M.TAIB 19-Jul-2019 Acquired 5,190,016 - View Detail DATO' HASAN BIN M.TAIB 12-Jul-2019 Acquired 4,190,000 - View Detail DATO' HASAN BIN M.TAIB 05-Jul-2019 Acquired 5,000,000 - View Detail DATO' HASAN BIN M.TAIB 26-Jun-2019 Acquired 5,000,000 - View Detail DATO' HASAN BIN M.TAIB 14-Jun-2019 Acquired 3,195,900 - View Detail MR CHOONG KAI FATT 13-Dec-2018 Acquired 1,000,000 - View Detail MR CHOONG KAI SOON 13-Dec-2018 Acquired 1,000,000 - View Detail MR CHOONG KAY CHEONG 13-Dec-2018 Acquired 1,000,000 - View Detail MR CHOONG KHOI ONN 13-Dec-2018 Acquired 1,000,000 - View Detail CHOONG KAI SOON 20-Sep-2018 Acquired 124,000 - View Detail CHOONG KAI FATT 29-Aug-2016 Acquired 1,000,000 0.900 View Detail CHOONG KAI SOON 29-Aug-2016 Acquired 1,000,000 0.900 View Detail MR CHOONG KAY CHEONG 29-Aug-2016 Acquired 1,000,000 0.900 View Detail MR CHOONG KHOI ONN 29-Aug-2016 Acquired 1,000,000 0.900 View Detail CHOONG KAI FATT 07-Jun-2016 Acquired 1,907,700 0.950 View Detail CHOONG KHOI ONN 07-Jun-2016 Acquired 1,907,700 0.950 View Detail MR CHOONG KAI SOON 07-Jun-2016 Acquired 1,907,700 0.950 View Detail MR CHOONG KAY CHEONG 07-Jun-2016 Acquired 1,907,700
NOW TOO LATE TO BUY DEGEM
SEE NETX DIRECTOR WHO OWNED ASIABIO IS USING ASIABIO TO BUY UP NETX SHARES
ASIABIO CAPITAL SDN BHD 23-Aug-2019 Acquired 19,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 23-Aug-2019 Acquired 19,000,000 0.000 View Detail ASIABIO CAPITAL SDN BHD 22-Aug-2019 Acquired 15,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 22-Aug-2019 Acquired 15,000,000 0.000 View Detail ASIABIO CAPITAL SDN BHD 15-Aug-2019 Acquired 12,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 15-Aug-2019 Acquired 12,000,000 0.000 View Detail ASIABIO CAPITAL SDN BHD 13-Aug-2019 Acquired 20,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 13-Aug-2019 Acquired 20,000,000 0.000 View Detail ASIABIO CAPITAL SDN BHD 09-Aug-2019 Acquired 9,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 09-Aug-2019 Acquired 9,000,000 0.000 View Detail ASIABIO CAPITAL SDN BHD 08-Aug-2019 Acquired 8,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 08-Aug-2019 Acquired 8,000,000 0.000 View Detail ASIABIO CAPITAL SDN BHD 07-Aug-2019 Acquired 10,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 07-Aug-2019 Acquired 10,000,000 0.000 View Detail ASIABIO CAPITAL SDN. BHD. 06-Aug-2019 Acquired 10,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 06-Aug-2019 Acquired 10,000,000 0.000
SO NETX DIRECTORS/INSIDERS GOT SEE SOMETHING GOOD AHEAD?
If say later the co's share really consolidates fm 10 to 1 and plunge like hell then Calvin will tell u he oredi sold at RM0.015 made 50% profit very panlai
Now that Finance Minister Lim Guan Eng has stated afresh that Nfcp total cost will be increased from Rm21.6 billions to Rm50.3 Billions Calvin has raised Netx new target price to 30 sen in 4 years
From from 2 sen to 30 sen Calvin expect to see a 15 baggars or up 1,500% in 4 years making Netx a superstock
Posted by CharlesT > Sep 26, 2019 10:07 AM | Report Abuse
Personally I think Calvin bought some at Rm0.01 n is now parking to sell at Rm0.015....
My 6 sense very chun one
Posted by calvintaneng > Nov 24, 2019 4:22 PM | Report Abuse X
CharlesT sixth sense?
He got the sense of a drunken cow
Calvin bought Netx from
1 sen
1.5 sen
2 sen
2.5 sen
Now that Finance Minister Lim Guan Eng has stated afresh that Nfcp total cost will be increased from Rm21.6 billions to Rm50.3 Billions Calvin has raised Netx new target price to 30 sen in 4 years
From from 2 sen to 30 sen Calvin expect to see a 15 baggars or up 1,500% in 4 years making Netx a superstock
See LGE latest speech
Lim also said the government is executing a plan to provide RM20.7 billion worth of cash and non-cash incentives over the next five years to assist companies to transition to IR4.0.
“After all, either you digitalise, or you will not survive. This is the reality that we have to face.
“If we look at the total amount announced in Budget 2020, both fiscal hardware and the software, it amounts to RM50.3 billion over five years,” he said.
With this, the government plans to aid the digitalisation and future-proofing of the nation’s economy by investing in digital infrastructure, reforming broadband market and urging both small and large businesses to accelerate towards IR4.0.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3155 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CharlesT
14,660 posts
Posted by CharlesT > 2019-09-25 15:41 | Report Abuse
I think 80/20 chances of shares consolidation (10 to 1) n then rights issues