Nexgram substantial shareholder Ooi buys more shares .. KUALA LUMPUR (June 9): Nexgram Holdings Bhd ( Financial Dashboard)’s substantial shareholder Datuk Ooi Kock Aun has mopped up more shares, raising his equity stake to 9.36% as at June 1.
The latest filing to Bursa Malaysia shows that Ooi, who is said to be the associate of Nexgram’s chief executive officer Datuk Tey Por Yee, bought 5.29 million shares, or 0.28%, last Monday at 12 sen per share. Prior to this, Ooi also bought 10 million shares, or 0.53%, at 12.5 sen on May 25.
Interestingly, Ooi sold off 97 million shares, or 5.14%, between Oct 29 and Nov 6 last year when Nexgram (fundamental: 2.1; valuation: 1.7) share price was between 10 sen and 11 sen.
Nexgram share price has staged a rebound in mid-December last year, climbing from 5.5 sen to the peak of 13 sen in the middle of last month. However, it slipped to 10 sen today.
Tey is embroiled in a corporate tussle with Protasco Bhds managing director Datuk Seri Chong Ket Pen. Last year, Tey was removed from the board of Protasco in which he holds a 16.8% stake. Besides Protasco, Tey also has a 5.21% stake in the loss-making property developer Malaysia Pacific Corporation Bhd (MPCorp). MPCorp was classified as a Practice Note 17 company last year, after its auditor BDO served a voluntary resignation notice. (http://www.theedgemarkets.com/my/article/nexgram-ups-stake-godynamic-696-rm1853-mil)
Financial reporters, Bursa or most young investors today are full of rookies who has no business accruement except blind academic knowledge giving non productive comments or opinion as if they know everything mostly on personal perception. Talk masters. Do losers. Look at The Edge. A joker call itself financial paper. Businessman look at intrinsic value beyond academic. A property company value is in the asset, not stupid Bursa Malaise's PN17. Its rather irresponsible to give wrong impression to investors. Look at Ho Hup Bhd, the also PN17 company was so mislead, many small investor who took the surface loose out good opportunity. It may have asset value beyond RM2.00 even though stupid Bursa system classified it as PN17. So as Malaysia Pacific Corporation Bhd. Asset per share maybe worth more than RM1.00. If small investors like us has money like TPY, also will buy. What a stupid journalist trying to imply is obviously naive and shameful. Instead of doing more business savvy analysis so that readers can learn on businessmen positive in sight, most rather pen on surface scrapping mislead the readers. Sort of paid to write rubbish. Toilet papers.
1MDB still hv chance ....................kesan berganda I still hv good experience with SKP from c 20++ then now 1.00++.................................. NG NG... GOW......................................... sorry fren like promo..
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....
Singkalingam
773 posts
Posted by Singkalingam > 2015-06-09 17:37 | Report Abuse
touch-less......touch-less......9.5c is touch-less........tomorrow Q 9ccccccccccccccccccccccccc