Nextnation Communication Berhad (NNCB) acquired a 1.5% interest in PT Goldchild Integritas Abadi (GIA), a coal mining company for a cash consideration of IDR43.3bn (RM13.8mn, IDR3.140/RM)
Look good, they are divest the business into property, oil&gas and coal mining business now. They will plan to issue the right issue for their investment. Should be good for coming time.
If based on news can make money,all the retailer will make money and all the big shark will lose money,do you think is possible ? Due to complacency,many people can`t agree. News timing is arrange by big boy.
Can someone know why there are about 60million share q at 0.09 at 8:33am then reduce to 70k share. It almost happen everyday. Can someone comments on this. Thanks.
"However, we are more concerned of NNCB’s venture into coal trading which we view as highly cyclical and risky given the historical price volatility of coal. Given the lack of a track record and market intelligence,........................."
The above analysis was from TA, the company is diversifying from telecomunication to coal, going into commodities when prices are dropping..........!!!!!! The directors lacked of foresight or just desperate?????
LUSTER as an example. Before uplifted from P17,the price is going up. After uplifted from P17,the price is going down. How to explain ?
Very obvious,should be better after uplifted,everybody buy,at last the price going down. We must learn something from LUSTER. Talk about facts not enough,have to study also the invisible power that control the price.
Dispose and get more cash. Additional gain about 2.18million. Should be consider good news.
NEXTNATION COMMUNICATION BERHAD ("NEXTNATION" OR "THE COMPANY") - DISPOSAL OF 57 ORDINARY SHARES OF USD1.00 EACH REPRESENTING 60% SHAREHOLDING IN THE CAPITAL OF ELASITAS TECHNOLOGY LIMITED REPRESENTING 60% EQUITY INTEREST, BY GODYNAMIC INVESTMENT LIMITED FOR A CASH CONSIDERATION OF USD2.6 MILLION (EQUIVALENT TO RM7.97 MILLION)
that protasco dude tey por yee sapu this counter a lot (100,746,800 shares (15.4% stake). This counter become chapalang counter, biz like IT, property, coal trading. Who would want to buy the rights share at 0.11 where current mkt price 0.08 on top super dilution of EPS with the tsunami of new shares (564,102,000 rights shares, 338,461,200 warrants PLUS 84,615,300 placement shares)
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....
warrentbuffer
2 posts
Posted by warrentbuffer > 2013-04-26 19:10 | Report Abuse
vince u mean buy right issue? Better buy now average down then wait for right. Stuck .11 .10