In my opinion, the price is not likely to move much from what it is currently since the existing fundamentals of the company does not support a price level that is too much higher than it is today, unless the big boys ‘goreng’ up the share price.
Yes, the public is aware of the proposed major property project development which, if materialized, will positively change the fundamentals of Nexgram by leaps and bounds. Nevertheless, the public is also aware that Nexgram does not possess the experience in property development and neither has it the financial means to undertake such a project which can be considered as massive relative to its small balance sheet size.
For the share price to reflect the potential of the future income, it is in my opinion that the public must be made to feel confident that such potential income is going to be a reality, and it is only likely to happen if Nexgram teams up with a financially able and reputable contractor so as to minimise the risk of non-completion of the project. Teaming up with such contractors will likely increase Nexgram’s chances of securing bridging loan from the banks, or any other financial instruments required to finance the development. Until such time this part of the puzzle is made known to the public, the share price is unlikely to move much due to the expectation of fantastic future income stream, unless as I said earlier, the big boys push up the share price.
I, for one, do not think that the management is stupid enough to try to undertake the property development on their own, and not team up with capable contractors. As such, I will remain invested in Nexgram shares for a few months longer to see who the contractors are going to be and how they are going to finance the project. Once investors are confident that Nexgram can deliver, I will not be surprised if the share price more than double up in a jiffy.
All depent on big boys.....if the big boy want to retired now he can sell off all his shares and run away then we all get back pur 50%capital hahaha.....if the big boy dream big want to be one in Forbes ...then the story different...so 50% vs 50%......good thing is now at 0.11 but not 0.2 or o.3...
The longer the consolidation and correction, the more powerful it would be when share price shoot up. Put yourself in syndicate's shoes, weak and impatient holders have to be flushed out before the price move to the other level to reduce the selling force at higher price. Big market aka external factor will be taken into account for price pushing. There are several types of syndicate aka banker. Small banker - 10% could be enough. Big banker- at least 100%. And what do u think about tpy ?
susielow Tomorrow bskl is going to plunge at least 20 points. Dow Jone down 287 point while Malaysia January export drop 0.60 %. Another negatif news was ringgit trade lower than dollar . 3.65........... 08/03/2015 20:46
wintoni,priva and kronon still green but nexgram no.....seller out and out for 0.105....go to other counter more better can play so many round....even nexgram up 0.5 - 1cents only
most of penny stock last week one rebound..like wintoni up to it new high...wa so good and magic...nextgram buaya besar share dun touch.......seller too manay out and out..ng pattern laways 1 or 2 day show
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....
awangngah
67 posts
Posted by awangngah > 2015-03-08 11:19 | Report Abuse
Marina, you sounded very dejected.
In my opinion, the price is not likely to move much from what it is currently since the existing fundamentals of the company does not support a price level that is too much higher than it is today, unless the big boys ‘goreng’ up the share price.
Yes, the public is aware of the proposed major property project development which, if materialized, will positively change the fundamentals of Nexgram by leaps and bounds. Nevertheless, the public is also aware that Nexgram does not possess the experience in property development and neither has it the financial means to undertake such a project which can be considered as massive relative to its small balance sheet size.
For the share price to reflect the potential of the future income, it is in my opinion that the public must be made to feel confident that such potential income is going to be a reality, and it is only likely to happen if Nexgram teams up with a financially able and reputable contractor so as to minimise the risk of non-completion of the project. Teaming up with such contractors will likely increase Nexgram’s chances of securing bridging loan from the banks, or any other financial instruments required to finance the development. Until such time this part of the puzzle is made known to the public, the share price is unlikely to move much due to the expectation of fantastic future income stream, unless as I said earlier, the big boys push up the share price.
I, for one, do not think that the management is stupid enough to try to undertake the property development on their own, and not team up with capable contractors. As such, I will remain invested in Nexgram shares for a few months longer to see who the contractors are going to be and how they are going to finance the project. Once investors are confident that Nexgram can deliver, I will not be surprised if the share price more than double up in a jiffy.