I have promoted Inix in Sept 2017 after so much research on this company. Now in year 2018 , Inix has proven to their loyal shareholders in terms of good increasing revenue , good cash flow from operating activities, good cash balance in the bank and maintained its ZERO-DEBT position. For those who still believe in this company future performance can keep or buy cheap now. For those who does NOT believe in the company business can sell off their positions. As Warren Buffet said " buy the business and not the stock "
After observing since early of this year, I know there are people who are somehow emotionally affected by b4b4 and goodluck999 .
They don't really care about inix, they just want to attack these two for some reason, probably because they followed their buycall from other counters and lost money.
Do your research; for example, spend some time studying comments in the forum and technical analysis before entering any counter.
mr volume..how do you do ? criticizing me badly when my counters like ssteel and mrcb did negatively?? dont build your happiness on others 'painfulness'..
i can see you have been targeting me for quite sometime?did i cause your loss? if you cant hold a temporary paper loss in penny counter like INIX. then i think you shouldnt be trying to invest into penny category..
Inix has many good points. Concrete Milestone Sdn Bhd is a wholly own company of Inix and this has something to do with property development. My 2 cents idea.
Concrete Milestone SB was registered on 18/7/2016. Acquisition of G Maritime was done around the same time. Land reclamation can also be used to develop houses.
The 49% acquisition of GMaritime is so important for Inix and the business is expanding with Inix purchased another vessel worth RM 5.5 m. This business has potential not only in land reclamation but also ship maintainence and services.
The profit from associates ( GM and HyperQB ) are stated in the CASH FLOW ACCOUNT ie RM 1.255 m in the last QR. Inix primarily objective in purchasing these two companies is to supplement their cash flow.
INIX CEO said that there is a high chance that FYE 2018 is in the black. Hopefully, there will be some kind of rewards for the loyal shareholders , maybe a small dividend. As the QR gets better with increasing trade receivables and good cash flow from operating activities, Inix will move on to a higher level.
G Maitime has a big project in Pulau Indah in year 2016. The project is worth RM 18 m and it is finishing around this time. Lets hope the profit will come in for the 4 th QR , which will help Inix make profit. Please refer to Bursa Announcement.
The contracts awards from Aug 2017 till now is worth RM 14 m for IT alone. These awards will keep Inix busy for at least 2 years. In the meantime , lets hope Inix will get more IT contracts.
The last 3 QRs has proven beyond doubt that Inix is changing for the better. Now the total revenue is RM 6.4 M which is only 75% of FYE 2018. These revenue shows that Inix business is expanding. Lets hope the top line for this FY can hit RM 10 M
1023108 5721204 3489478 MORE PROJECT S = MORE PAYMENTS TO B4b4 and GOODLUCK999 (paid commentors) = MORE EXPENSES = MORE BONUS TO DIRECTORS = MORE NET LOSSES TO SHAREHOLDERS
" MORE PAYMENTS TO B4b4 and GOODLUCK999 (paid commentors) "?? how much you could pay me ,volume? put your joke aside..i wonder wat is your purpose appearing here again and again just to bash me?
My hobby is reading and searching for cheap little jewels in the rubble. Inix is one of them. Cheap little unknown jewel where nobody even noticed of its existence in Bursa. Land reclamation is a big business even Datok Thing Pek King wanted to build a big one near Langkawi . In due time Galactic Maritime will help to make Inix famous.
Land reclamation is world wide, from Malaysia to Dubai, luxury high rise condos are built on artificial islands and reclaimed coastline. Galactic Maritime with many years experience in this field will certainly prove beyond doubt to bring in the profit for Inix. By then Inix will not be a penny stock any more. Kedah with the RM 30 B , mega project on the 81 hectare of reclaimed land near Langkawi will be a popular tourist spot . Galactic Maritime can help to maintain environmental protection for these kind of mega projects. Lets hope Inix will get a slice of it.
On 18 July 2016, Inix acquired Concrete Milestone Sdn Bhd, an investment holding company. On 11 Dec 2015, Inix acquired 30% of GMaritime. Your guess is as good as mine, Land reclamation, GM and CMSB , surely something is brewing in the near future.
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....
mjlee
449 posts
Posted by mjlee > 2018-07-10 07:38 | Report Abuse
hahaha