i also find money and buy in currently...really a huge discount to average down my cost and hold as long as this company performance is good. Net cash + 25% net profit margin + expect increase in future revenue as they take the contract with SG since April 2018.
KUALA LUMPUR (April 9): UCrest Bhd said its wholly-owned subsidiary Palette System Sdn Bhd has bagged two contracts worth RM6.1 million in total, for the development of digital platforms for Key Asic Pte Ltd.
The first contract is for the development of a virtual storage platform for iMedic with a total of 10,000 user licenses for 12 months, valued at US$993,658 (RM3.84 million). The second is for the development of the iMedic software and hardware platform for 15,000 user licenses per year, worth US$564,616 (RM2.18 million).
“The contracts are expected to contribute positively to the net assets per share and earnings per share of UCrest and its subsidiaries for the financial year ending May 31, 2018," UCrest, formerly known as Palette Multimedia Bhd, said in a Bursa Malaysia filing today.
The awards came on the back of a contract signed between Palette System and Key Asic in February, for the sale of 40,000 licenses for the iMedic platform for one year, as well as configuration works for the cloud platform worth US$838,993 (equivalent to RM3.27 million then).
Uncle_Lim looking at the volume, seems coming from small sharks that bought last july. brahmal shark still inside. 24/08/2018 18:03 How do you know?? Can you please share??
BETWEEN Nov 20 and 24, notable filings with Bursa Malaysia included that of the emergence of Brahmal Vasudevan as a substantial shareholder in software provider UCrest Bhd, after he purchased 17.7 million shares or a 5.2% stake in the company on Nov 21.
The transacted price was not stated in the filing. On Nov 21, UCrest, formerly known as Palette Multimedia Bhd, was trading at 26 sen to 32.5 sen per share, an average of 28.9 sen apiece.
It was just short selling.. closing price on the day Brahmal bought was 31.5 and 32. Now is 34. Brahmal indeed earning a little more than bank's interest.
So far, I understand that Brahmal is a long term investor. Investment horizon definitely longer than retail investor who usually hold for a few weeks or few months.
Lim.... The # of volume on 5 Jun is 132mn, and only 50mn yesterday. On 20th July, there's 50mn of volume which push up from 38 to 41/42 range... So it could also be that buyer that exit..
Do not panick guys. No bad news commencing. invest base on fundamental. If u intend to goreng should be out already 0.405 signal out wedge. I believe the price of ucrest is sensitive base on history. do not sell out. if white marobuzu commence then it has chance to go up again. Futhermore Dow theory still intact making higher high higher low. If the stock goes previous low then means its sideway. making higher high and lower low. then will rebound next. not only ucrest but all kaunter down last friday. normal. if you overtrade then you will be sweating.
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tkk1127
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Posted by tkk1127 > 2018-08-24 11:27 | Report Abuse
i also find money and buy in currently...really a huge discount to average down my cost and hold as long as this company performance is good. Net cash + 25% net profit margin + expect increase in future revenue as they take the contract with SG since April 2018.