The 0.64 buy queue only few hundreds compare thousands at 0.645 sell queue, but without waiting 0.640 queueing more up, thousands lots at 0.645 just eaten up straight in split second, an obvious big collection on going la
0.645 in continue collection and queue build up patterns, wait the sell queue exhausted to move next... Anyway, definitely good start today with volumn start jump than normal day
The buy back share into Treasury can be handled in one of the following manner as per resolution passed in the last Nov/2013 general meeting:
1) Cancel (hence increase remaining share value when distributing profit/dividend, NTA, EPS calculation etc) 2) Distributed as dividend 3) Resale in the market 4) Any combination of above mentioned
Currently total share bought back stand at 0.49% as compare to maximum 10% of total share issued, hence, there is still plenty of room the share price will be supported by the execution of share buy back, so far almost every day there will be some purchase.
Even resale on the market is one of the option can be excuted, unless company need some cash in, it will be held and benefiting with respect to: 1) Continual purchase will push the price up 2) Retaining the purchase will reduce sale pressure
Hence, even the 0.49% may not be great, but relatively compare to the average daily volumn, that makes a lot significant effect on the share price.
I have been following the progress of this REDtone. I believe their Q2 result coming up soon would be very positive as they have announced various projects and surely they have to reflect the result of implementation. Their track record is to show more profit every quarter and I believe it will continue. Happy investing and happy new year.
If the quarterly result show a big jump, then surely the price will move above 70.0 sen from the current level of around 65.0 sen, it has stayed at current level for too long, time to move up again, better still if it hits Kenanga's TP of 81.0 sen, then RM1.00!!! Cheers.
im giving this company another 11 months to perform, rather than selling off the company once TP reached, with close monitoring of its quarterly results. holding long-term in this one and hopefully i can enjoy the full benefit for holding long. this is also becz i hv held this stock for almost 4 months now, its quite wasted to jz dispose at a small profit.
I still remember months back in nov, they were targeting to hit 100,000 users by end of dec. as of now, they are alrdy hitting 120,000 subscribers and they are now targetting 500,000 subscribers by end of this year. u can see in their quarterly reports under segmental results, their data revenue is increasing by leaps and bounds.
Get from the Qtr report. The Group recorded a profit before tax of RM7.06million for Q2 FYE2014 as compared to profit before tax of RM4.66 million for Q1 FYE2014. The increase in profit of RM2.4 million was mainly due to gain from disposal of 35% shareholding in associate company, REDtone Mobile Sdn Bhd.
Old post dated 2013 Jul 31st is still valid. ==================================== Jul 31, 2013 04:51 PM | Report Abuse
Redtone 0.72 by 2013 Oct Redtone 0.50 by 2014 Sep ==================================== The big trend is USD up. Since Jul, Latitud, Pohuat had outperform Redtone too much and lately MPI had moved. There are thousand of opinion disagree with this post. Everybody got opinionS. Lock at the price. Happy CNY and enjoy your holiday.
KUALA LUMPUR: REDTone International Bhd’s second quarter ended May, 2014’s net profit rose 52% to RM6.04mil from RM3.97mil a year ago from higher data revenue and gains from selling 35% in REDTone Mobile Sdn Bhd.
In a filing to Bursa Malaysia on Monday, the group posted a 14.1% rise in revenue to RM30.45mil from RM26.68mil a year ago due to the increase in data revenue.
Its earnings per share stood at 1.20 sen from 0.84 sen previously.
For its first half year, the group’s net profit rose 62% to RM9.69mil from RM5.98mil a year ago while revenue was up 16% to RM66.564 from RM57.35 previously.
Moving forward, the group expects its data and broadband services to be the major contributor to its profit for 2014, while the voice business segment will continue to be the group’s cash cow.
The group's profit will be strengthened by collaboration with Maxis Broadband Sdn Bhd on its Network Sharing and Alliance Agreement and is expected to contribute positively to the group's earnings for the next 10 years.
“Its collaboration with Telekom Malaysia on its High-Speed Broadband services is also expected to yield positive results,” it said.
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Redtone bullish on earnings. I'm still going long with this company, with TP of RM1 by mid of this year.
The announcement was made in the noon and the price drops even after the positive report. I hope this is got to do with the global sentiment. US market started positively today and hopefully Redtone can rally tomorrow:)
PETALING JAYA (Jan 28, 2014): REDtone International Bhd's net profit rose 52.1% to RM6.04 million for the second quarter ended Nov 30, 2013 from RM3.97 million in the same quarter a year ago.
"The improvement in profit was mainly due to the higher data revenue as well as gain from disposal of 35% shareholding in associate company, REDtone Mobile Sdn Bhd," it told Bursa Malaysia yesterday.
Revenue for that period stood at RM30.45 million, up 14.14% from 26.68 million previously due mainly to an increase in data revenue.
For the first six months, REDtone net profit surged 62.04% to RM9.69 million from RM5.98 million.
Revenue for the period improved by 16.06% to RM66.56 million from RM57.35 million previously.
"The company's stronger performance is due largely to its core business of data and broadband services continuing to see good growth in the corporate, small and medium enterprises/small and medium industries (SMEs/SMIs) and government sectors," REDtone said in a separate statement.
Contribution to group revenue from its data and broadband business rose 84.5% to RM39.54 million for the six months compared to RM21.42 million in the previous corresponding period.
REDtone CEO Lau Bik Soon said increased demand for data and broadband usage among the corporate and SME segments was key in driving the uptake of the company's solutions.
"We're seeing more business from existing customers in addition to new ones signing up with us.
"Major government projects that we are currently implementing are also contributing towards a steady revenue stream and this is expected to continue over the next few years as these projects are typically long-term ones," he added.
REDtone is optimistic of maintaining its growth momentum as it further builds on the success it has achieved thus far as a total service solutions provider to the corporate, SME and government segments.
The company is looking into offering more value-add services and vertical solutions industry-wide for its key market segments moving forward.
REDtone's collaboration with Maxis on its network sharing and alliance agreement is also expected to contribute to the group's earnings over the next 10 years.
REDtone shares closed down 2.0 sen at 62.5 sen yesterday, with 961,900 units traded.
Kenanga Research in its latest report has set a target price of 81 sen for REDtone.
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....
jojacos
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Posted by jojacos > 2014-01-23 18:50 | Report Abuse
29/1/2014