Very smart move, yesterday they pushed it down to close 64.0 sen, taking advantage of weak market, so today can get cheaper. I also think someone is collecting this stock.
this company share has risen from low of 15sen to high of >80sen. in % terms, already up as high as 500% of its low! it is clearly not at initial stage of moving up, it has already gone up.
This company at least worth RM1.20 one year down the road based on its strong cashflow from tie-up with Maxis, as well as its potential growth.
We can see from Redtone websites and FB page that they are now expanding its Mobile services and broadband. More and more people from rural areas are subscribing their services due to its cheapest price in the market currently. Which also explains why they open up in areas that has poorer people.
I put a future value of RM1.20 in the medium term, with higher fair value in the long-term of RM2.00 providing Redtone is able to expand fast and leverage from its new subsdiary purchsed in Shanghai.
007james, redtone is expanding faster n faster now, with many new branches being set up. Targeting to set up another 100 branches in Peninsular Msia, with the help of the agents and partners of course.
More and more people are subscribing to Redtone line, which hinges on Celcom network, as the price is most affordable currently, even better than Umobile.
someone tell me they almost got the big contract. no wonder the share keep up in thin volume recently. ... till now still no announcement , no huge volume ..true o not..
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....
bull86
89 posts
Posted by bull86 > 2014-02-28 16:09 | Report Abuse
3 black crows and price is downtrend.. hmm