VT and his gang watching this counter...wont let it go down easily...Sumore its last day bfr qtr finan result out... must make sure the good show continues.
12:50PM Nine-month net profit 9.906 million 1:16PM Financial year end net profit 25.213 million (increased 1073.79%) wow this quarter net profit 15.307million. What happen!!!
Ivan10 and Shannon, u really think the price will up further? Let us see how it perform in afternoon. I consider this share is trading in fair value, which is ard 15 PE and the DY is ard 1.8%.
VT bought alot Redtone at 0.775 - 0.815. with total of 14.99% direct & indirect shares. Berjaya Corp 13.86%, Berjaya Group 13.86%, Berjaya Land 8.42%. Total shares 51.13%!!
KUALA LUMPUR: REDtone International Bhd reported a strong set of financial results in the quarter ended May 31, 2013 with earnings at RM15.31mil, up four fold from RM2.47mil a year ago, boosted by revenue from its data services.
It reported on Wednesday revenue rose 91% to RM43.66mil from RM22.74mil a year ago. Earnings per share were 3.2 sen compared with 0.52 sen. It proposed a dividend of 1.5 sen a share.
"The significant improvement in profit was mainly due to the divestment of non-core and loss making business within the group as well as higher data revenue," it said.
For the financial year ended May 31, 2013, its earnings jumped nearly 10 fold to RM25.21mil from RM2.15mil. Revenue rose 32% to RM141.29mil from RM106.97mil.
"For the current financial year ended May 31, 2013, the board has put in place few strategies to further improve the group's profit.
"Data and broadband services, which includes the group's approximately 4,500 Wifi hotspots, continue to be the main contributor to the group's profit for FYE2013, while the voice business segment continue to be the group's cash cow.
no worry, those who wanna sell can take pofit 1st, those who wanna keep, will earn more lah! There's no right or wrong those who wanna buy & sell, depends on your feelings! Congrats REDToners! :)
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....
Ivan10
71 posts
Posted by Ivan10 > 2013-07-31 12:32 | Report Abuse
geng dao!!! welcome back redtone!lol..