by Kamarul Anwar of theedgemalaysia.com on Friday, 31 May 2013 03:49
KUALA LUMPUR (May 31): Ingenuity Solutions Bhd was the most active counter in early trades after announcing it had returned to profitability.
However, as at 10:58 am, the penny stock slipped to second place among the top actives after its share price stalled at yesterday’s close of 13 sen. Ingenuity shares were up by half a sen or 3.85% the most today. A total of 84.8 million shares changed hands at 11:34 am.
Yesterday, Ingenuity announced it made RM5.88 million in net profit for its financial year ended March 31, 2013 (FY13) against a net loss of RM3.21 million. Its revenue of RM553.51 million was also over eight times of the previous financial year’s RM63.93 million.
However, it still made a net loss in its final quarter (4QFY13) – albeit much narrower than the previous corresponding period – of RM71,000 and RM1.29 million respectively. Its revenue for the quarter stood at RM136.29 million and RM37.48 million respectively.
Ingenuity said 4QFY13 revenue had included full-year contribution from its unit Vistavision Resources Group.
SJ Securities senior remisier Goh Kay Chong told theedgemalaysia.com that while there have been institutional buyers accumulating Ingenuity shares, he said the stock is one that is “very difficult to play” for those who are into penny stocks.
i've sold all mine at 9 cents...big lost for me... this counter will be so actively traded and then the next day it will be so sleepy until the 5th day (force selling day) and become so active near 4 o'clock then very active after that till 5...cilakak...then pattern is continuing week by week...jaga...they will ask u to buy at 9.5 cents then when so much volume had come in to buy at 9.5 cents then come again the sellers at 9.5 !!! ------ and see that at 4.59 pm ...they will reduce millions of q at sellers at 9.5 and also 10.0 just to make impression that sellers are not so much...bloody hell counter penipu aktif gila satu hari then so lembap for 4 days...
cbl is the only winner last week. buy at low, push up the price n sell at high. a 1-2c gain equiv 10-20% gain. that's a lot on high volume. he wont be trading under his name. he got many kaki a/c
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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....
banana86
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Posted by banana86 > 2013-05-31 10:47 | Report Abuse
today TP 0.14...