Posted by steveooikp > 2014-11-05 11:24 | Report Abuse

plenty of corporate exercise, TPY will not just let go like that.

Posted by steveooikp > 2014-11-05 11:38 | Report Abuse

imagine angkasa RM 1 billion government projects.... 20% profit enough.... RM 120 million for an ace counter!!!

Posted by bing > 2014-11-05 11:47 | Report Abuse

I just top up 10cts 30lots. Sikit sikit beli. Hihi..

Posted by 3abdul > 2014-11-05 11:48 | Report Abuse

Jualan murah hujung tahun....kikikiki

Posted by bing > 2014-11-05 11:49 | Report Abuse

Fikir wa 5cts to enter too.

Posted by bing > 2014-11-05 11:50 | Report Abuse

Profits making company!

Posted by nas8878 > 2014-11-05 11:53 | Report Abuse

another 400k in hand.. rebound soon.. 13cents this week

Posted by steveooikp > 2014-11-05 11:54 | Report Abuse

even sanichi got 11 sen... mara so what.... sanichi got mara... nexgram got angkasa cum sensorlink cum cyberjaya land cum Fiji government project cum OKA cum Mr. Chong..... good leh

Posted by nas8878 > 2014-11-05 11:55 | Report Abuse

I sell off all my condom (karex) to buy this counter..

Posted by 3abdul > 2014-11-05 11:58 | Report Abuse

Q wa 4.5cents

Posted by ahson > 2014-11-05 12:11 | Report Abuse

huge volume today

Posted by Shaun > 2014-11-05 12:14 | Report Abuse

Hi Stevenooikp, do u know who is controlling Bidang lagenda Sdn Bhd, a main shareholder in NG ?

Posted by 86868 > 2014-11-05 12:26 | Report Abuse

Don't aim 0.13-0.15......NG is worth much more than that......My bet is on NG and Sumatec......SURE MONEY......

Posted by steveooikp > 2014-11-05 12:38 | Report Abuse

PETALING JAYA: Sharjah-based Al Batha group's most recent deal where the diversified conglomerate is taking a 22.69% stake in ACE Market-listed Nextnation Communication Bhd raises some questions.

While Nextnation's plans to diversify into property development is not new, the deal struck by Nextnation and Al Batha on Monday in which the former pays for an 11-storey boutique office tower in Bangsar South City, Kuala Lumpur by the issuance of 192 million new shares at 30 sen each to the latter have raised some eyebrows.

The purchase consideration of the office tower for RM64mil from Al Batha's unit Bidang Lagenda Sdn Bhd, also includes 120 million free 10-year detachable warrants with an exercise price of 35 sen, and RM6.4mil in cash.

Via the issuance of shares, Al Batha has become a substantial shareholder in the company with a 22.69% stake. What is interesting is that if Al Batha chooses to exercise the warrants that come with the deal, then it could potentially hold 32.3% stake, which would come close to the mandatory general offer threshold.

Posted by asahmad > 2014-11-05 12:42 | Report Abuse

Good news or Bad news :)

Posted by steveooikp > 2014-11-05 12:44 | Report Abuse

don't know... middle east group in nexgram.... hahaha... this ace counter why so interesting...

Posted by TuaHuat > 2014-11-05 12:45 | Report Abuse

Old news ?

Posted by steveooikp > 2014-11-05 12:49 | Report Abuse

not sure.... got from internet.. but you see frontken get german.... up..... then sanichi got mara ... up... nexgram got middle east group and angkasa....

Posted by asahmad > 2014-11-05 12:49 | Report Abuse

Nextnation stake sale poser, Al Batha becomes substantial stakeholder with office tower deal
Wednesday, 10 April 2013
By: WONG WEI-SHEN

PETALING JAYA: Sharjah-based Al Batha group's most recent deal where the diversified conglomerate is taking a 22.69% stake in ACE Market-listed Nextnation Communication Bhd raises some questions.

While Nextnation's plans to diversify into property development is not new, the deal struck by Nextnation and Al Batha on Monday in which the former pays for an 11-storey boutique office tower in Bangsar South City, Kuala Lumpur by the issuance of 192 million new shares at 30 sen each to the latter have raised some eyebrows.

The purchase consideration of the office tower for RM64mil from Al Batha's unit Bidang Lagenda Sdn Bhd, also includes 120 million free 10-year detachable warrants with an exercise price of 35 sen, and RM6.4mil in cash.

Via the issuance of shares, Al Batha has become a substantial shareholder in the company with a 22.69% stake. What is interesting is that if Al Batha chooses to exercise the warrants that come with the deal, then it could potentially hold 32.3% stake, which would come close to the mandatory general offer threshold.

TA Securities said in a report that it was negative on the acquisition as it might result in slight negative earnings accretion for the financial year ending April 30, 2014, before it turns positive in 2015.

Al Batha is a UAE-based investor, and has a 40% stake in Al Batha Bukit Kiara, a joint venture (JV) that includes Bukit Kiara Properties Sdn Bhd, once a wholly owned unit of Bukit Kiara Capital Sdn Bhd, which in turns holds the remainder 60% of the JV.

“We are alarmed that Nextnation is currently on an equity fund-raising streak with a series of corporate exercises that would have raised over RM247mil in a period spanning less than a year,” TA analysts said.

This is assuming that the warrants are fully converted and the proposed exercises within the financial year have been completed. The exercises include last year's bonus issue of warrants which would bring in RM4.6mil in proceeds. Also, a 30% private placement worth RM37.3mil was put out in July last year. Earlier in March 2013, the company proposed a rights issue valued at RM99.3mil. An additional proposed 10% private placement for RM5.9mil was proposed in April this year.

The total funds that could be raised are significantly higher than its current market capital of RM75.21mil as of yesterday. TA analysts note that Nextnation's plan to relocate its current headquarters to the new office contradicts its initial plan to move to its new office tower in Cyberjaya, which is still in its preliminary stage of planning.

Although the research house is negative on the deal, it acknowledges that the new shares issued to Bidang Lagenda are at about 160% premium to its current share price. Yesterday, the stock rallied on news of the acquisition. The counter picked up 1 sen to 11.5 sen, representing a 9.52% rise. At market close, there were 46.3 million shares done, and was the most actively traded stock of the day.

While Nextnation is primarily an investment holding company, its subsidiaries are involved in programming services, software development, Internet consulting and provision of information technology (IT) services.

TA said it was concerned that the company was stretching its capabilities with diverse ventures outside its core expertise in IT services. “We are concerned that Nextnation will face project execution and investment risks, and increased staff costs from its new ventures into property development and investment,” it added.

Posted by steveooikp > 2014-11-05 12:49 | Report Abuse

http://www.albatha.com/

Posted by steveooikp > 2014-11-05 12:51 | Report Abuse

looks like this middle east group quite big

Posted by TuaHuat > 2014-11-05 12:52 | Report Abuse

Old one

Posted by steveooikp > 2014-11-05 12:54 | Report Abuse

but this albatha is still the major shareholder... just like last time frontken announced german guy, share price nothing happen, wait for 2 years, then up like that.....

Posted by steveooikp > 2014-11-05 12:56 | Report Abuse

so now nexgram got ..... middle east, Malaysia, Fiji ---- but why 10 sen?

Posted by bing > 2014-11-05 12:56 | Report Abuse

Haha..new & old all korek keluar. TPY & Geng slaugh kikikikiki..

Posted by steveooikp > 2014-11-05 12:56 | Report Abuse

later on, nexgram will venture into middle east ? could be .... since the major shareholder is from middle east.

Posted by TuaHuat > 2014-11-05 12:58 | Report Abuse

TPY just said recently, no plan to foray into Middle East market for the time being.

Posted by ahson > 2014-11-05 12:58 | Report Abuse

volume so big. but the price drop lol

Posted by steveooikp > 2014-11-05 13:00 | Report Abuse

price drop bcos index drop... other counters also drop.... nothing special.... they take this as opportunity to press down the price to collect. This morning... ppl collected at 10 and 10.5....

Posted by steveooikp > 2014-11-05 13:01 | Report Abuse

but interesting counter..... sanichi -- mara can already made sanichi so high fever.... this nexgram got so many news .... but why like that?

Posted by Shaun > 2014-11-05 13:03 | Report Abuse

Thanks Steveooikp for your information .

Posted by Shaun > 2014-11-05 13:11 | Report Abuse

A few main players still keep selling their share today at 10 cent and what I said and monitored in the few days is true that the main players want to sell at higher prices .

Posted by ahson > 2014-11-05 14:37 | Report Abuse

they want to sell at higher prices but they keep selling @ 0.1?

Posted by hasnurhashim > 2014-11-05 14:42 | Report Abuse

just want to share..to those with extra cash,try to consider SKPETRO....my target Bp is 3 n below...trade at ur risk...i m still waiting for nexgram... :))

Posted by Shaun > 2014-11-05 14:48 | Report Abuse

U are right and NG sound like no share buying support from director :) in the past few days and look weird ! Be carefully and 9.5 cents is a target buying price

Posted by banana86 > 2014-11-05 14:57 | Report Abuse

5k, 5k ,5k and 5k keep selling at 1.00

Posted by DRwarrant > 2014-11-05 14:59 | Report Abuse

RUNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

Posted by DRwarrant > 2014-11-05 14:59 | Report Abuse

DANGEROUSSSSSSSSSSSSSSS.....danger RUNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

Posted by 86868 > 2014-11-05 15:03 | Report Abuse

Psychological play by operator.......Please observe the way they press down the price.....Just ignore the so call "threat" by operator and observe......Not difficult to see...

Accumulation/distribution figure is negative (-430,999.69)......Real time

There are short of NG shares in the market......Actually they have to pay higher price..... Actual value is many times higher......

It will be interesting to see how long they can do this and maintain the price at this level....The operator is trying very hard to get as many shares as possible from weak holders....

OLD TRICK....

Posted by DRwarrant > 2014-11-05 15:04 | Report Abuse

RUNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

Posted by nas8878 > 2014-11-05 15:26 | Report Abuse

DRwarrant, don't panic, buy and keep from now.. the company is in profit now.. I know u are queue at 0.095 de... haha. How your luster??

Posted by aBrokenHeart > 2014-11-05 15:36 | Report Abuse

Pressing sales for what? Big player pressing the price down

Posted by gyaphong > 2014-11-05 15:51 | Report Abuse

sell

Posted by bing > 2014-11-05 16:17 | Report Abuse

When can hit 0.50 cts?

Posted by gyaphong > 2014-11-05 16:22 | Report Abuse

hit 0.50? or hit 0.05?

Posted by Shaun > 2014-11-05 16:30 | Report Abuse

Same sellers and buyers :)

Posted by gyaphong > 2014-11-05 16:45 | Report Abuse

same buyers same sellers? same price?

Posted by Shaun > 2014-11-05 16:47 | Report Abuse

Yup !

Posted by gyaphong > 2014-11-05 16:52 | Report Abuse

what is the purpose? attract ppls to buy? or selling off the stock? push up volume

Posted by ahson > 2014-11-05 17:09 | Report Abuse

volume 80M. Operator = 1... hahaha