Yes. WiseEye, you are absolutely correct not only Brahims but many other counters like Ho Hup, TN Logis, Datasonics, Takaful & Others Also In Bubble Territory!
GHLSYS EGM is scheduled on 10/2/2014 for proposed acquisition of all remaining shares of ePay at A$0.40 (RM1.17) per share. Upon the completion of M&A corporate exercise ePay will officially merge with GHLSYS as a single entity with an enlarged market capitalisation & revised higher NTA & EPS value. Good luck.
I just had this weird dream last nite. Honestly. Someone I dont know told me to get something called 'GH Systems' for RM1.15 or something, and that it could go RM15 something in the long term. I checked the STAR Business Section when I woke up. Problems is, there's nothing in Bursa called 'GH Systems'. The closest is maybe Gadang Holdings (GH), whose current price happens to be quite close to that RM1.15 range. And then there is GHL Systems, which closed at 72 sen yesterday.
Okay, I maybe I should start collecting both Gadang Holdings (GH) and GHL Systems.
The price rise of GHL is already factored into the price rise from 24 cents to now. Up 200% already! All based on Projected Future merger/deal that will translate into future profits.
Even if all the proposed activities should materialise the price won't move up much but will trade within its expected range.
However, any delay or disappoint will cause price to retrace downward - by how much? Nobody can tell. Its base was 24 cents.
So GHL is definitely not a buy. Especially with the uncertainty emanating from Dow Jones you should avoid buying GHL by all means.
You should Keep CASH Instead.
Or if you are itchy to buy something. Why not buy a defensive share like PBA? Go to PBA Forum to see my write up.
The thing is, tech businesses can be valued in so many ways. You could say something is only worth 50 sen. And then somebody else could come along, saying that it's worth more than RM5. If the tech boom ever returns again, who knows.
Let me interpret your dream. For GHL I have already explained. So forget about GHL. Sell all if you have any.
For Gadang? RM15.00 DREAM?
Yes! In Tampoi - Right In The Heart of Johor is Capital 21. Purported to be a Self Contained MINI CITY Within A City. It Will Be 400% BIGGER THAN KSL CITY IF COMPLETED.
So It Is A BIG DREAM- REALLY?
If Capital 21 Should Succeed - then Gadang Share Price Will Fly Up To The Sky And Touch THE RAINBOW - WHERE A BIG POT OF GOLD IS WAITING THERE FOR YOU!
Caution: Buy At Your Own Risk. Do your own due diligence.
Thanks Calvin, for ur dream interpretation. I dont hv any GHL or Gadang right now. But my remisier has a client who's holding like 800 big (1,000-unit) lots of Gadang. The dude bought 500 at 82 sen, and added another 300 at 1.08.
As for due diligence, I normally don't do anything too technical. Just surf through all info, try to see my own big pic, add in a bit of instinct n own experience, then make my own judgement.
hiddengem.come rain or shine this month have to cut this counter. no more invested fund to buy other stock. invested heavily on IRIS yesterday and last thursday. now am sitting on 6 digit paper gain for IRIS.
inwest88. not RM1m; but rm865k+ from sales of 200khohup 200khapseng & 200kgpacket.losses offset by contra gain. holding 2.2m IRIS price 0.39/0.395 bought yesterday and last thursday.
hiddengem.now changing all fundamental stock to 'ROJAK' counter. maybe just to follow trend to make fast money. have to be careful or else lose 'BIG'. next month back to fundamental good quality counter and then seek your recommendation.
Good day mikekong55. Just one newbie who admires u for sharing ur expertise and info .tks to u I tried iris at .395 20 lots two days ago .shall sell today and all profit tks to u ! God bless u with abundance wealth n happiness !
hiddengem,,after acquiring ePay from land down under, does it mean that ePay's existing clients, top + bottom figures will be incorporated into GHLSYS account? And these figures are in AUS and will be converted into Ringgit?
Yes, e-pay's books will be translated from AUD into RM, in accordance to MFRS 121, when consolidated. However if not mistaken, it will not appear in Dec'13 quarter, but in Mar'14 quarter as the M&A exercise is expected to complete by then. So that means you will only be able to see the consolidation in Mar'14 quarter.
I think what's important is to look at the potential future growth of the company. Do you think cashless transactions are the trend foir the future? If you think it is, pick the best player in the market, in which currently is GHLSYS and stay with it. Whether you bought it 20 - 25 cents more expensive than the previous low is not important anymore as you're out there looking for bigger gains.
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Posted by calvintaneng > 2014-01-21 17:25 | Report Abuse
Yes. WiseEye, you are absolutely correct not only Brahims but many other counters like Ho Hup, TN Logis, Datasonics, Takaful & Others Also In Bubble Territory!
So Be Wise.