34 sen is already cheap Hari Raya sale. Buy now and keep for 1 year. Year 2018 you will see the profit and return on investment. Why worry, Gpacket is CASH RICH company.
Looks like the last quater result of most companies are creative accounting. In actual the results are supposely to be good but due to the beliefs that GE14 election will be held in the late 3rd Qtr , all result are manipulated to the next qtr coming result in August to make a feel good factor. Pathetic!!!!. We shud play out the company by not buying in anymore and let it be stagnated.
Atilze Digital Sdn Bhd, G3 Global’s wholly-owned subsidiary, said it was collaborating with Axiata Group Bhd to explore and develop IoT opportunities across Southeast Asia, with an initial focus on connected car solutions and the commercialisation of city-wide, low-power, long-range wireless communication (LoRa) network deployments.
Agree-- I would be happy if everyday can up 5 sen. I have already kept this for several years... under water now. No reason as the company is already showing profit.
24 May 2017 Directors Boey Tak Kong - bought Gpacket 700,000 shares between 36 to 36.5 sen. Now Gpacket share only 35 sen. I hope he will buy more. Company approved share buy back and until now no action ?
Maybe Gpacket CEO need to change his mindset. Since Gpacket is cash rich company, more diversification needed. Merger with bigger company like Astro, TM or Dnex since they are all IT and communication related company. Don't just sitting there waiting for IOT and selling modem.
I am not impress with Gpacket marketing VP of sales - Dr. Michael Hamer, VP of Sales. He is not doing a good job selling products.
Maybe we should replace CEO Kay Tan and Michael Hamer.
Let company’s founder Puan Chan Cheong, better known as CC Puan, who has a 30% stake run the company. I am sure he don't want his money go to the drain.
From 31/12/2016 BS, itrade, Cash & ST Investment = 62.4m, Total debt = 216.8m, how this co is cash rich? Correct me if I am wrong. TQ.
SHQuah 34 sen is already cheap Hari Raya sale. Buy now and keep for 1 year. Year 2018 you will see the profit and return on investment. Why worry, Gpacket is CASH RICH company.
Green Packet announced it had bought a 22% stake in G3 Global for RM18.15 million via an off-market deal at 60 sen per share. Currently G3 share is RM1.96. Not sure in accounting term, can we consider this as gain in investment. Any accountant, please advise.
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....
SHQuah
5,363 posts
Posted by SHQuah > 2017-06-01 15:27 | Report Abuse
Keep for long term.