Aiyoh, nextnation should have a strong shareholders but their business profile is not good as a telco. This is why the shares just could move much at all.
Hi, all. I always see your comments here which tell that there could be a potential gain from this counter. Could anyone else be kind to share with me? I tried to trace back your comments. Some say this is a GORENG stock, some also say it is advisable to hold for times and reap the reward soon. When I went through the TA target price analysis, it seemed that this counter intends to expand his business to property sector by which the company is not familiar with. Hence the stock target price is reduced to 0.08. I still consider whether I should get in or not? Please advise me. Thanks.
This stock you need to hold & wait, not for contra. Nextnat is diverting to property. The actual purpose is to have an in house data centre in Cyberjaya & Cyberjaya is coming up strong in development as commercial, IT & residential zone. This is Nextnat long term view at the same time fullfilling their contract with PT Inovisi Indonesian partner. No experience in property doesn't mean you can't find a reputable developer to help out, I don't see anything negative here. With this development you will see their net asset growing rather than the money being swindle away.
The company is making money and not in bad debt. By the time you see the potential & the media starts highlighting you won't get this price. This is not a badly goreng counter which has no substance behind. Net Asset is around 0.19 per share.
Still a good buy now & hold. Waiting till they push up the price.
Guarantee won't go to hell. Performance is one thing (fundamental), Daily price action is another thing. If you mix this two a lot of things don't tally. Market price action is dynamic and control by the counter.
Enter at the right price & right time you sure make money.
Nextnation to have Arab shareholder after office buy Written by Charlotte Chong at theedgemalaysia.com Mon Apr 08 2013 6:08:48 PM KUALA LUMPUR (APRIL 8): Nextnation Communication Bhd (NCB) has inked an agreement with Bidang Lagenda Sdn Bhd (BLSB), owned by Al Batha group, to acquire the latter’s office building in Bangsar South for RM64 million.
After the purchase is completed, Al Batha group of the UAE will become a key shareholder of Nextnation.
In a press release today, NCB said that the purchase will be satisfied via the issuance of 192 million new shares of RM0.10 each in NCB at the issue price of RM0.30 each, together with up to 120 million free detachable warrants and a cash payment of RM6.40 million.
The Al Batha Group will emerge with an equity stake of up to 22.69% in NCB, potentially rising to a maximum of 32.30% if the group exercises all of the warrants issued to it.
“On completion of this acquisition, NCB's net assets (NA) per share shall increase to up to RM0.19 per share as compared to RM0.17 per share for the financial year ended April 30, 2012,” said NCB.
“NCB believes that this increase in its NA would benefit shareholders in the long term as part of NCB's strategy to increase shareholder value,” it added.
The boutique office tower in Bangsar South City, Kuala Lumpur, is an eleven storey office building and it is part of phase I of Bangsar South.
Al Batha Group is one of the largest private business groups in the UAE, according to its website.
The group consists of more than 20 companies with interests in automobiles, pharmaceuticals, contracting, manufacturing, electronics, real estate and education.
That's why I said earlier with all my comment. A lot have a negative outlook on this stock. With property development you only increase your net asset value. Now the value has increased to 0.20 (0.1877 existing value)
With private placement 10% recently they are actually acquiring Bangsar South office for 64M issued in shares to Al Batha Group.
This counter will appreciate if you buy now and long term
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....
Adam Loh Wei Chia
96 posts
Posted by Adam Loh Wei Chia > 2013-04-04 09:55 | Report Abuse
Sell in May and go away.