After reading the shareholders statistics in the new annual report, interesting to see that a new shareholder holding substantial % in mother share and warrant. it shows the confidence on future of this company.
88mil project over two quarters. Means 44 mil additional per quarter Current earning per quarter around 40 mil. Tis will double their earning. Now the big question is how come the market has a very muted response.. Only one sen gain....
Haha ,,,, I have been holding this share for long time since it was 26.0 sen, and still buying whenever I have extra money, the reason is simple, it will be RM1.00 at least in a year's time. Furthermore it is not affected by sliding oil price and ringgit but in the business of fast growing LTE 4G and internet broadband data services, and now the T3 expansion phase 1 project, soon the tele-radiography business, surely no JOKE.
PETALING JAYA: REDtone International Bhd's subsidiary, REDtone Marketing Sdn Bhd (RMSB) has been awarded a RM88.57 million job by Malaysian Communications and Multimedia Commission (MCMC) to build, operate and maintain radio access network (RAN) infrastructure in rural areas in Sarawak and Johor.
The job is part of MCMC's RAN Sharing Time 3 Phase 3 program aimed at further providing voice and data connectivity in rural areas of the country.
RMSB is responsible for completing the job within 35 days after notification from the designated universal service providers that the tower and its associated site/facilities are ready for RMSB to commence construction works on the RAN infrastructure.
It will work with at least three specific public cellular network providers to enable them to offer cellular services to their customers, as well as provide maintenance and operation support services for three years after completion of the job.
The contract is part of the group's expansion plan and to accelerate creation of critical mass of its network in Sarawak & Johor, thus significantly reducing its existing network cost.
"With the reduction of cost, it is expected to contribute positively to the financial performance of REDtone group in the future," it said in a filing with Bursa Malaysia yesterday.
Interesting to note what would VT do with u-mobile which is now the 4th largest telco in Malaysia. Definitely listing would be in their mind but whether an IPO or backdoor is yet to be known. At the present market situation no one would consider IPO. So watch closely.
Interesting counter to watch out now! Berjaya is holding 30.74% now, another 2.26% to go for GO. Another shareholder, Indah Pusaka is holding 30.40%, slightly less than Berjaya. Will INdah Pusaka buying more ??? Or GO on the way? Or RTO for U-Mobile???
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....
yanxuan8
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Posted by yanxuan8 > 2014-11-07 19:38 | Report Abuse
After reading the shareholders statistics in the new annual report, interesting to see that a new shareholder holding substantial % in mother share and warrant. it shows the confidence on future of this company.