Harvard57, i was in the same boat with boaz making profit from this shares..bought at .085 and sold @.09...now trying to make 2nd round profit..bought @.09 and if goes above 10cents,I will sell them..and will monitor closely for 3rd round maybe :))
TA Securities A Member of the TA Group R E S U L T S U P D A T E Friday, November 29, 2013 MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Sector: Technology Page 1 of 2 Nextnation Communication Berhad TP: RM0.07 (-22%) Margin Rebound in 1QFY14 Last Traded: RM0.09 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* SELL
if you guys dont agreed with me never mind,just read yourself this information from TA, few big brokers are dumping out the shares !!!!!!!!!!!!!!! newbie i advice you guys run as fast as possible,once right issue flood the market all koyak !! Also this right issue GOT NO UNDERWRITER willing to take up the under subscribe share !!! Only the MD mr si who hold only 12% shares willing to under take 120 million shares !!!! just imagine major share holder ONLY own 12% of shares,88% are free floats in open market !!!!!!!!!!!!!!!!!! same as dvm got no big share holder !!!
Harvard, thanx for the info...yup the price may drop just rght after the rights are subscribed but i think we disagree when you said "bcos nobody will make money on this share !!! "....however good luck to the rest of investors and myself and definitely will use your info as reminder..cheers :)
Hi Harvard, are you really 100% believe this TA research report? I know you want to buy NCB at 7 sen and sell it at > 10 sen prior to rights issue Ex-date. Big profit, Haha!
those ace with more than 500 million shares are facing selling pressure !! this one more than 2 over billion shares !!!even up 0.05 sen sellers will come out 50 million !!! how can a IT company suka suka invest in SOHO project,suka suka buy 100 million RA shares,suka suka go indonesia dig coal !!! his own hard core business dont do but jump here jump there !!! how much private placement n right issue money also no enough for operation cost lah !!! go read your self how much this right issue money will be use for their operation cost again!!!!!!!! Gaji buta !!!
Datokim, we definitely know that this counter may be drop to 7 - 8 sen after listing of rights share.
I just want to play it before Ex-date and after listing of Nextnation-OR but before listing of rights share. The timing is very crucial to make profit.
NO RISK NO GAIN!!!
Anyhow, this counter prospect is still better if compare to AT, DSCSOL, Luster, etc!
Datokim, maybe u can buy it at 7 sen after listing of rights shares because less risk and cheaper than luster!
Renounceable rights issue of up to 608,806,200 new ordinary shares of RM0.10 each in NCB (“Rights Shares”) together with up to 304,403,100 free detachable warrants (“Warrants”) at an issue price of RM0.10 per Rights Share on the basis of two (2) Rights Shares together with one (1) free Warrant for every four (4) existing NCB shares held at 5.00 p.m. on 20 December 2013, based on a minimum subscription level of 120,000,000 Rights Shares together with 60,000,000 free Warrants
U r right Gao, I'm still keeping 1500 lots of luster n 1500 lots WA bought at a very hight prices.......have to keep them as investments whether like it or not!!!
Vinvin, unless you have enough bullet to average down your mother share price to < 10 sen and warrant < 5 sen. Otherwise, you need wait very long time to get back your money if lucky!
CityTrader, you can read our previous comments in this forum.
FYI, Nextnation did anounce the rights issue entitlement date by last friday. I think Nextnation's BOD will goreng this counter to > 10 sen in order to attract more people to subscribe their rights share.
Vinvin, you must know how to buy at low especially for those counter haven't move up or just want to move up. Don't chase it at high price, it's very risky to get trap!
Gao, all served me right for being too greedy n sometimes the timing ..........just unlucky!!! The only cheap counter that I'm making now is Iris ........beautiful IRIS!!!
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....
boaz
239 posts
Posted by boaz > 2013-12-07 20:45 | Report Abuse
skrc, it's quite safe to buy NCB shares at 9 cents. I think we can't get 9 cents anymore by next week. Maybe 9.5 cents is possible.