something fishy, very heavy buy and seller volume very high at 0.13. they almost wipe out all at 0.13 and then, out of nowhere, another huge selling volume appears at 0.13. Either its accumulating phase at 0.13 prior to the run or might succumb at 0.13
The first 9 months result was positive, making RM6mil profit, versus Loss of 1.9m in the corresponding year. The new report should be good, turnaround from loss making company to profitable company. Moreover, there was a 30,000,000 private placement, looking good. But whether it can climb back to the level of 0.50 in 2012, is still a question mark. It looks like a steal at 0.13
When the company is making profit , everyone would want a piece of it. Not necessary private placement holders are all short term players, some who see good prospects in the future of the company may go for the long haul.
TAke a look at the financial report. Revenue up YoY but making loss at -71k, last quarter is profit 4 mil. but of compare QoY to QoY, it improved a lot because last year Q4 making loss at 1mil
KUALA LUMPUR (May 30): Ingenuity Consolidated Bhd’s net loss narrowed to RM71,000 in the fourth quarter ended March 31, 2013 (4QFY13) from a net loss of RM1.29 million a year earlier.
The information and communication technology firm told the exchange today that revenue more than tripled to RM136.29 million from RM37.48 million.
Cumulative full-year net profit came to RM5.88 million versus a net loss of RM3.21 million. Revenue jumped more than eight fold to RM553.51 million from RM63.93 million.
Ingenuity said 4QFY13 revenue had included full-year contribution from its unit Vistavision Resources Group.
Looking ahead, Ingenuity said it is "cautiously optimistic" of its prospects for FY14. This is in anticipation of a competitive business landscape amid a still-weak world economy.(theedgemalaysia)
0.13 is really a mystery. someone is exchanging hands at 0.13 i have a feeling those who bought the private placement at 0.10 are selling at 0.13. Very high selling volume coming exactly at 0.13 for the past few days.
Revenue record high due to acquisition of vistavision resources
do we retailer trap again in the middle? I'm enough with this, tomoro i'm going to sell all my unit..we always victimised when it comes to 'corporate syndicate' or shall i say sindiket keparat...
Ya, I agree with mtr27, sometimes we get caught in the keparat play...
however, this ingens financial report for the year post really good revenue and profit. I mean its the first time this company managed to hit real profit.
Just like Meng said, no easy money. Hold for mid term
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Posted by hom3boy > 2013-05-29 09:33 | Report Abuse
walao e, heavy buy . ?any news