Too many retailers bought this stock and hope it will skyrocket in short term. So that's why the BP unwilling to push it up to let ikan bilis like us taking profit so easily. See who will lost patience first to sell his/her shares to BP & me as well...
Although I had say want to sell at 12 cts. But, I am only say and didn't do. I keep buying & follow GaoLuckStockGod. I know he is know some inside news. Start he told to keep, I buy & buy.
Most likely EGM will be announced by today. Hope dividend declaration proposal will be announced for approval thru EGM as well. If not, need to wait until AGM on coming October.
You can always high blockage at 0.12 and 0.05. I guess some BP is blocking it and also no thanks to some of our ikan bilis like richman *wink* *wink*.... hahahaha
No too sure why and what is being controlled. But thinking of the share swap for acquisition of sensorlink worth 0.15 per share with the following pe ratio and price to book multiple, the acquisition seems to be reasonable priced.
a) the price-to-earnings multiple of approximately 16.62 times based on the audited consolidated PATNCI of Sensorlink of RM2.46 million for the FYE 31 December 2013, and forward price-to-earnings multiple of 9.73 times and 9.08 times based on the profit guarantee amounts of RM4,200,000 and RM4,500,000 for the financial years ending 31 December 2014 and 31 December 2015 respectively, pursuant to the Profit Guarantee Agreement;
b) price-to-book multiple of 2.46 times based on the audited consolidated NA of Sensorlink of RM16.62 million as at 31 December 2013; (will be at 1.94 times if you take acct into 2014 and 2015 guaranteed earnings).
If the price remain at 0.115, then the new shareholders (current owner at sensorlink) will be at losing end. Unless, the valuers UHY and the bankers screwed up and did a shit job, else I am sure the shareholders won't sell the company so cheap.
If the current sensorlink business integrates well with NG's network in south east asia, I am sure the huge synergy can be created and profit will be even higher that the guaranteed amount.
On top of the above, the potential JV with Protasco will even be bringing NG to the next height.
If everything goes well and materialise, NG should worth at least (very conservative) double the current share price.
That's my 1.5 cents analysis and that is the reason I keep on accumulating NG shares.
If the price doesn't goes up, I will privatise the company if I am the owner cause it is so cheap... The current NTA is already higher than the share price. Unless, the auditors did screw up and signed wrong audit opinion, else I am sure this company is worth much more than its current share price....
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....
Jetly
355 posts
Posted by Jetly > 2014-07-14 11:46 | Report Abuse
Rocket man.... Fly now