Posted by SANG-JERO > Oct 29, 2014 03:32 PM | Report Abuse
Based on normal probability distribution, the odds of NEXGRAM to move over 0.1438 or more in 30 days from now is about 11.9%. Probability of NEXGRAM HOLDINGS BERHAD price to stay between its current price of 0.115 and 0.1438 at the end of the 30-day period is about 48.35% Assuming 30 trading days horizon, NEXGRAM HOLDINGS BERHAD has beta of -1.0542
Bollinger Bands are intervals drawn on NEXGRAM price chart at standard deviation levels above and below the corresponding moving average. This produces an effect of having the bands widen during periods of NEXGRAM HOLDINGS BERHAD higher volatility and contract during less volatile periods. Bollinger Bands indicate the relative supply and demand for NEXGRAM. If NEXGRAM HOLDINGS BERHAD price moves close to the top of the interval then it indicates that there is strong demand for the asset, alternatively if NEXGRAM hugs the bottom of the trading range then it indicates that there is oversupply of the asset. The current lower band of NEXGRAM HOLDINGS BERHAD 30 days horizon is 0.07. The upper band for the period is currently at 0.14. Given the current price of 0.11, the overall demand for shares of NEXGRAM is increasing.
UP TREND.
Based on normal probability distribution, the odds of NEXGRAM to stay above 0.1089 in 30 days from now is about 69.5%. Probability of NEXGRAM HOLDINGS BERHAD price to stay between 0.1089 and its current price of 0.11 at the end of the 30-day period is about 1.95% Assuming 30 trading days horizon, NEXGRAM HOLDINGS BERHAD has beta of -1.1002
By Gho Chee Yuan / TheEdge Markets.com | October 30, 2014 : 9:10 PM MYT
KUALA LUMPUR (Oct 30): Protasco Bhd's non-executive director Tey Por Yee has called to convene an extraordinary general meeting (EGM) to remove company's managing director Datuk Seri Chong Ket Pen from the board.
In a statement issued late afternoon, Tey said the EGM will be held on Nov 28. He will be furnished with the facts and evidence of Chong's wrongdoing, in relating to two Protasco's Indonesia investments, directly to the shareholders, according to the statement.
"I am bringing the facts and evidence of Chong's wrongdoing directly to the shareholders ," he said, adding that he will be using his own money to pay for the cost of holding the EGM.
Meanwhile, two Protasco substantial shareholders, want to remove Tey and his counterpart Ooi Kock Aun.
To recap, the shareholder tussle started when Protasco last month filed a suit against Tey, Ooi Kock Aun and PT Anglo Slavia Utama to claim back US$22.2 million (RM71.9 million) it paid in its foiled attempt to buy a 63% stake in oil and gas outfit PT Anglo Slavic Indonesia (PT ASI).
Protasco claimed in a filing with Bursa Malaysia that naming Tey and Ooi as defendants in the suit was premised on the breach of their fiduciary and statutory duties, including the duty to disclose their interests in the transaction, conspiracy to defraud Protasco and the "making of secret profit".
However, Tey denies that he is holding any shares in PT ASU and PT ASI.
Tey, who owns 16.68%, in a press conference on Tuesday, alleged that Protasco through its subsidiaries had paid a total of RM16 million to PT Goldchild Integritas for bitumen and coal trading with Indonesia. Of this RM16 million, RM10 million was channelled back to RS Maha Niaga Sdn Bhd, whose shareholders are senior management executives of Protasco.
Tey claimed that a paper trail of money provided evidence that the amount paid by Protasco was flowed through layers of companies before a RM10 million cheque was drawn and paid for the benefit of Maha Niaga's account with United Overseas Bank (Malaysia) Bhd.
As such, Tey has filed a derivative action against the company and its senior management, via his private vehicle Kingdom Seekers Ventures Sdn Bhd, for the return of RM10 million to Protasco and general damages purportedly suffered by it.
However, Chong denies all the allegations.
“Clearly, this new proceedings amounts to nothing more than an attempt to smear and tarnish my reputation, apart from seeking to divert attention away from the earlier on-ongoing legal proceedings filed by Protasco Bhd against Tey and others,” Chong said in a joint press statement.
Chong added that he has appointed solicitors to “vigorously defend” the suit against the civil suit and will lodge a police report in respect of those allegations.
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....
investor2014
19 posts
Posted by investor2014 > 2014-10-30 11:27 | Report Abuse
Will fly soon. BUY BUY BUY!!!!