I followed CC fb as well, the company spirit and momentum to strike is there. Innovative tech co with great vision mission and team spirit. They will go big. All the best
In a filing today, Green Packet said the higher loss was mainly due to the fair value adjustment provided for an investment as at March 31, 2020 of RM17.25 million, coupled with higher business development costs incurred for the digital services and communication retail business.
This was despite a 50% increase in revenue to RM147.05 million from RM97.94 million a year ago, on the back of higher sales across its business segments.
The group said its software and devices business registered 357% higher sales in the current quarter due to higher shipments to ASEAN, Europe, the Middle East and Latin America.
The digital services business recorded a higher revenue of 126% in the current quarter year-on-year mainly due to increased contributions from the new small and medium enterprise merchants.
Its communication services business also recorded a higher revenue of 41% in the current quarter thanks to a substantial increase in sales from telecommunication carriers in ASEAN, Hong Kong and China.
Despite the impact of the Covid-19 pandemic, the board expects a better performance for the current financial year, said Green Packet, due to the progressive market response to the rapid digital connectivity of workplace safety processes by both the private and public sectors.
For those who expect the melt down ans q low low to buy in the afternoon session probably has to be disapointed for today...dun be sad and dun give up. There is always tmrw:). And also next mths. May be if ubwaited enough and keep up the negatives talk on gp the price may drop yo 40 sen then i can buy in bulks. Anything is possible , sun we agree?
Especially to nekosaan bro...dun be sad today didnt reach your target price of 0.20. But u still have one weapon and one hope, that is CAPITAL REDUCTION, which u been religiously sing out loud here. Anything is possible bro. I believe if u keep talking about it, the company will get scare and continue make losses and going towards the path pf capital reduction...:))) pray and wish hard, your wish may come true.....
And dun forget to extract the 2018 proposal and put it in this forum and scare people ya.:)))
Victor yong bro... appreciate your recycling efforts..i believe we all can read and as accessible to print media and electronic media like u do . :) please tell us what we dun know and what the press dun know.
Q2, 2020 will be interesting, conversion of Warrants in Q1, only RM900K . Q2, rm30-4Omil cash from conversion of Warrants, nta would rise. mytv pays RM20mil for arbitration withdrawn, impairment loss from quoted investment due to march 2020 Rm17 mil could become impairment gain more than rm17mil, share price is much higher as at 30 june.
the rm17mil fair value adj in quoted investment (~30% stake in G3). G3 share price was RM2.67 on 31.12.2019, fell to RM1.76 on 31.3.2020. G3 rebounded to rm2.39 on 30.6.2020. fair value gain in quoted investment for Q2, 2020 is now confirmed rm10-15mil . yeah!
Q2,2020 could be a very profitable Quart. fair value gain in quoted investment from G3 ~rm10-15mil due to strong rebound of G3 share price today, June 30, 2020. I suggest GP return all G3 shares to all GP existing shareholders to avoid this quarterly fair value adjustment in quoted investment (G3 global BHD) like Q1, 2020 where march 2020 was the worst month for stocks.
Don’t forget this stock basic come up from 0.40 when there’s no news. Now is 50 cents will so much potential. Event drop back to 40 cents only 20% drop in paper, what so wory? You put money one day expect 20% return?
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....
Good123
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Posted by Good123 > 2020-06-30 16:47 | Report Abuse
Q1, 2020 revenue increased by ~rm50mil compared to Q1, 2019 gila jump