Hi everybody some might noticed by now my positive / negative comments may moved prices in last 3 trading days. This afternoon i was in negative mood just to please some adveseries who may have change ID to attack me. Disguise, masquerade, hmmmmmmm
Sorry to disappoint you uninformed, i did not lose a sen when Palette freefall from 51 sen..... Lets just say i know in advance........ Just like when prices swing back up.... When i talk up the shares people upset, when i talk down people upset. Terrible. I am very thin skin so is Brah. Thats why you may notice only ikan bilis playing around today,.. Today we have been surveying other brand. And the minute buying support price fell one beat and again and again ... hilarous.
For your info, i do know of some high rollers who do lose heavily millions but they will always be up there .... While ikan bilis who make a few sen to go to starbuck wil always be at the other spectrum kikekeke
ONLY 11 ml of 35 ml sales order has been shipped until today yet profit 3.5 ml from it. This is the new Kronologi. Banyak orang sakit hati. Read below...
“The reason why the Russian market takes off now is because the Government is driving the market (technology adoption in healthcare sector), while for the other market, the governments have not passed the laws to allow that yet,” he said after the company’s AGM on Wednesday.
He said the company would continue to strengthen and deepen the presence in Russia, China and countries like Taiwan and Singapore.
On the current order book, Eg said it stood at RM35mil, of which products worth RM11mil had been shipped in the last two quarters.
“We will probably ship out the remaining RM24mil in the third and fourth quarters as we are now already in the second quarter,” he said, adding that the company was actively bidding for new contracts in the big markets. - Bernama
PETALING JAYA: Brahmal Vasudevan, founder and chief executive officer of private equity firm Creador Sdn Bhd, is cautiously optimistic on broadband, wireless and mobile health company Palette Multimedia Bhd’s prospects.
“I expect it will take time for the company to yield full potential and one would need to be patient over the medium term.
“But the early signs are good and if the company continues to deliver, it could get re-rated in the process,” Brahmal told StarBiz.
Shares in Palette have been in the spotlight since Brahmal and other investors first took an interest in the company in August. Palette was only trading at six sen in the beginning of the year.
During Palette’s price weakness last week, Brahmal said that he took the opportunity to up his stake.
Thus on Tuesday, Brahmal emerged as a substantial shareholder in Palette, owning a total of 17.7 million shares or a 5.2% stake in the company.
Not surprisingly, the stock rallied over this news. Palette closed Wednesday up 5.5 sen to 37 sen on a volume of 53.3 million shares.
Brahmal’s interest in Palette is for its product as well as the earnings prospects.
“Palette has an interesting product in the mobile healthcare space. It is also now seeing good traction in Russia.
“Secondly, the company has been receiving a steady stream of contracts this year, and the results are already showing in its numbers,” he said.
For the first quarter to Aug 31, 2017, Palette staged an impressive turnaround, recording a net profit of RM3.03mil on the back of RM7.84mil in revenue. This was from a previous loss of RM516,000 on the back of RM222,000 in revenue.
If Palette’s earnings were to be annualised based on its first-quarter net profit of RM3mil, this would work out to RM12mil a year, which would mean a price earnings ratio (PER) of 10.2 times at its current price of 36 sen.
This valuation would be considered very palatable, as many of the semiconductor companies are trading at 20 times to 25 times PE.
Meanwhile, Eg Kah Yee, the chairman of Palette, said that his priority now is to continue building and expanding the business and leave it to the capital markets to play its role.
“We welcome and appreciate all types of investors. Long-term investors provide price stability, while short-term investors add to the liquidity and both are needed.
“Brahmal visited us a couple of times to understand the business in greater detail and had expressed that he is a passive but professional investor,” said Eg.
Since March this year, Palette has been announcing a series of hardware platform sales to Trade House Atlantis Ltd.
This company is associated with RKSS Group, one of the largest telecommunications system equipment developers and integrators in Russia.
While the contracts are for Internet of things platforms, they come with various cloud application softwares, including mobile health cloud and network access management.
For the month of October alone, Palette continued to win more Russian hardware contracts totalling RM7mil.
This means that to date, Palette has won a total of RM35mil worth of contracts.
Yeah, price already factor in all good news. No prospect now. Sell... Please sell ... and sell harder.... dump all you have! I diam diam queue at 23c. LOL
wops, i also think Pal can hit 0.29----maybe next week bcos same fall pattern like last round---- syndicate play-----everytime Mr B enter any stock, syndicate follows
Lets see..... whooooaaa yeah fortune tellers Nimmal and JN 88 predicted big drop - Tur to form. Lucky we not living in feudal times having to make fortune telling predictions otherwise king say Off With The Head !
Brahmal (of Creador) & TS Wong (of Myeg) do insider trading in Palette Multimedia but not arrested. Palette has been losing money for many many quarters in a row. But after Brahmal & TS Wong become major shareholders of Palette, suddenly Palette shows a profitable quarter! So coincidence? I dont think so! Brahmal & TS Wong had insider information! The only difference between Stanley Thai & Brahmal/TS Wong is Stanley Thai openly declared his support for Pakatan Rakyat (now Pakatan Harapan). For that he targeted by the evil BN. But no action against Brahmal & TS Wong for insider trading in Palette because they are BN supporters (myeg kiss BN-ass for govt contracts). This is SELECTIVE PERSECUTION by BN, where BN supporters can escape persecution for committing crimes, but opposition supporters are persecuted for the slightest wrong doing however small.
Why such a big fine and jail term for Stanley Thai? GE14 is just around the corner, this is to ensure that NO OTHER CEOs dare openly express their support for Pakatan Harapan ahead of the coming GE14.
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....
deddymines
599 posts
Posted by deddymines > 2017-11-23 19:15 | Report Abuse
Lol don't need think so much. Brahmal buy we buy. He sell we sell :P