@shernlee agreed with U... if we can see the timing of sell down start when the shark know the FR out today in advance... therefore we can say that sell on news...
haha if brahmal so easy let u guys catch his style..he cant win much d..buy at ur own risk..if can drop below jus buy.u guys can chase high but good luck...
Palette Multimedia (non-rated) Mkt cap U$33m * focus on IoT Healthcare paying off as FY5/18 will see first full year contribution driven by Russian move into online healthcare * the Russian connection is highly lucrative and expect a full Russian budget allocation for CY18 onwards to drive revenues further. Contracts secured so far amounted to U$7.4m with first quarterly contribution in 4QFY5/17 with pretax margin at 24.4% * Potential upside? Assuming RM50m revs in FY5/18 and doubling to RM100m in FY5/19, with 15% net margin, Palette could trade up to 64c to 97c if we use 20-30x forward PER for IoT and Healthcare biz.
uhm sorry calvin, but bhramal disposed his stake at 0.40ish cnts - and Ifcamsc rised up to 1.9 thereafter . think palette still has room to grow - earnings driven, probably a one year play before the blue sky theory is over nonetheless sentiment counter, am ready to collect on bargain hunting (if any). results are nonetheless great and story sells, funds like it , bhramal is in - numbers game. next ifcamsc indeed .
Brahmal collected all the way while dirt cheap to 25 million IFCA shares
When Brahmal ceased to be substantial holder he only disposed about 11 million shares or about 44%. He sold the rest of 56% all the way while sorchai chased it up.
i realize this counter top 20 shareholder got 68 % share , i believe once price up, they sell high to you or offer right issue to get money from buyer.
why investors got out of ifca? because property market was slowing and ifca started recording losses. Why keep investments in loss making companies?. well if palette follows that line im pretty sure investors will start withdrawing. As most of their revenue now comes from Russia and that revenue is paid to palette by the Russian state insurance fund.. there will be consistent profits to palette for years to come. Think about it, online health care services are PAID for.. pretty sure Russians citizens wont turn that down. Definitely a boost for palette.
As for now Russian economy is picking up as well with rising oil prices and strengthening of the Ruble... though i read that income is paid in USD. As long as Palette maintains their business in Russia and as long as their boss is still there, think its pretty safe to enter palette.
Though keep a close lookout if Mr Brahmal is selling. Dont be stubborn that time to let go.
morning calvin, sorry but the point is that it went up even to 1.9 even if he sold his stake ? we had a pretty good run in ifcamsc especially those who rode the tide from 0,200 all the way to 1.8 - 1.9 ish and i don't consider us sorchais lol. to contra is dangerous I totally agree with you, but to assert fear at this moment is quite unnecessary but i guess even better for us to collect on lower tickets on the other hand. just felt that the point of bhramal is misleading. essentially ifcamsc died thereafter as the blue sky theory was put into numbers. but palette now is just the beginning - yes agree with deddymines - also bhramal may exit , he usually does as most of the time he just borrows his name and stocks fly along but it'll be considered rather insder trading if he exited immediately upon before or after results just when he announced that he's in not long ago so publicly. don't think bhramal is that unwise. anyway this is a sentiment counter so opening price actions will decide if fear or confidence dictates for this short term period . but nonetheless if you've read the note by CIMB, this is just the beginning - it's a one year play before the numbers don't make sense . as for now it's still blue sky - 0.670 and 0.970 . anwway will end here - hardly comment just felt that ifca didn't crash because of bhramals exit purely . it ran to 1.9 before it's peak and exactly what deddymines is talking about thats all. even if it goes down today, am confident it can go above 0.600 for the short mid term. cheers and happy trading/investing all.
if i want a buy, i just buy 10 lot la for fun, just dont want to miss the boat. in case goreng till 0.95 end of year can go to night market buying some provision. so just dont all out, scary to see the way brahmal disposed in ifca, only within one month...
share capital 326 mil only make 3 mil this quarter can jump to new high,when overall market everyday down.this stupid BOOSA control by crooks,no fundamentals at all
cos many retailers yesterday panic and sell now they cornered the stock.later push if retailers enter again they dump again.if retailers dare not buy they purposely push up more
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....
omega
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Posted by omega > 2017-10-19 21:38 | Report Abuse
@shernlee agreed with U... if we can see the timing of sell down start when the shark know the FR out today in advance... therefore we can say that sell on news...