Old trick will not affect NG. Who bother that old dead man? What is the name? Poison people end up cancel virus attack and heart attack poison himself. NG 15 cents end of year. Go NG go!
Announcement Subject MULTIPLE PROPOSALS Description NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR THE "COMPANY")
(I) PROPOSED PAR VALUE REDUCTION; AND
(II) PROPOSED AMENDMENT
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") On behalf of the Board of Directors of Nexgram, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following:-
(i) proposed reduction of the existing issued and paid-up share capital of Nexgram involving the cancellation of RM0.05 from the par value of every existing ordinary share of RM0.10 each in the Company pursuant to Section 64 of the Companies Act, 1965 (“Proposed Par Value Reduction”); and
(ii) proposed amendment to the Memorandum of Association of the company (“Proposed Amendment”);
collectively referred to as the "Proposals".
Please refer to the attached document for further details on the Proposals.
Nothing changes. Share price same, share quantity same, reserves "increase", if economy turn bad will be better off for business fund raising. If ever gives dividend the yield is doubled compared to high par value. Sort of waste money over prepared for potential economy crisis.
Please read the full annoucement. The rationale is basically preparing the company for fund raising exercise and/or corporate exercises involving issuance of new shares as the Company cannot undertake a new issuance of securities below its par value, i.e. can't fix the share placement or right issues or ICPS lower than RM0.10 currently. Looking at the current market value of the share, most probably the issuance of new shares if any may be fixed at revised par value of RM0.05. Therefore, the potential upside is limited and in my humble opinion will not exceed RM0.10. Otherwise, it is meaningless to embark on this exercise. The company is in need of cash to undertake the RM1.4Bil projects. Its cash is depleting. Therefore, the cash raising exercise is very likely and imminent.Trade cautiously and do your own homework.
The company is adopting very weird accounting standard MFRS, which will only recognise the revenue and profit upon completion of the project. This is not the industry norm. So, you will only see the revenue and profit increase after 3 years.
Malaysia bolehland accounting standard actually asked all PLC "must" change to MFRS, but those old property companies reluctant to change because it'll affect their accounting report. Example, one quarter big lost, next quarter big profit, short minded investors would be confused if don't understand. So Malaysia type of MFRS standard, even if it's compulsory to change, because it's so special, almost majority property PLC do not change. So this company already follows MFRS in all business, cannot change back other standard even if they diversify into property business, kind of accidentally too compliance and follow too much rules.
PAR reduction made no changes to fundamental. Investor shall look at NTA which is the actual value of the company. Again, country like Malaysia still have PAR, which is dinosaur standard. Rationale for most companies is to mark-to-market price condition when they do PAR adjustment. Market is hard to predict and if there is any fund raising in future, a lower PAR gave the company early preparation. Example, if market is bullish again, if fundamental share price goes up above NTA, say 13 cents, company may do placement or right issue say x% discount or 11 cents; if market is bad and share price remain low say 9 cents, company may do fund raising say 8 cents. Most companies may saw share price goes "up" if there is fund raising to get better pricing.
Any method is workable, it depends on long term fundamental. Company should reward investors with dividend if fund raising made money from business. My 2 cents.
Haha ! Dun buy panny stock anymore , won't up atleast few year time and some will be delisted from bursa . Try your luck ! Haha ! I dare to say will 1 usd : Rm 6 , do u believe ? Happy trading !
Nexgram Land Sdn Bhd, a wholly owned subsidiary of Nexgram Holdings Berhad donates 1,000 rice packets to low income families as part of the company’s one week Corporate Social Responsibility(CSR) program for Sepang and Puchong area communities. These communities are located within Nexgram’s two ongoing property development projects worth USD342 million.
0008 !...many made money ( even jackpot ) with penny & warrant minus you mr 008....see ifcamsc -wa exploded from 2.5 sen to RM 1.20...mother ifcam to $$$,,,,,a guiness world record ( 2001 ) for hwgb-wa from 2.5 sen RM 12.60 ( world record 42,000 % )......
Nexgram Land Sdn Bhd, a Malaysia-based housing development company, is a wholly-owned subsidiary of Nexgram Holdings Bhd, a company listed in Malaysia. Nexgram Land has entered into an offtake agreement with Angkatan Koperasi Kebangsaan Malaysia Bhd (Angkasa) through its unit MyAngkasa Bina Sdn Bhd where the latter will acquire two property projects to be developed by Nexgram in Cyberjaya and Putrajaya for USD342 million.
## NEXGRAM project with GLC'S ANGKASA worth USD342 = almost RM 1.5 BILLIONS..... WOWWWWWWWWW.....WOWWWWW $$$$$
sure BIG profit one .......SG999 now so mad liao , 24 hours in DOOM >> has to KOOL DOWN him sob..sob sobbb... ,,wishing him to be able to get out from trap as nexgram is ready to EXPLODE $$$$$$....10 sen immediate TP >> 20 sen MAJOR TP
Mr SG999 in doom liao 24 hours , so pondan >> ask him to buy grandma FD@ Fixed deposit for peanut @ chicken feed 3 %.....oso don't forget to punt 4D magnum & toto....my VW Passat 6969
008 & sg999 >> so pondan liao...24 hrs in DOOM >> like a grandma >> better buy grandma FD & get 3 % peanut @chicken_feed ! NEXGRAM $$$$$$$$ for sure - edi given kool angpows & even jackpot to some ( me laaa $$$ )
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
Monde
1,105 posts
Posted by Monde > 2015-09-17 21:32 | Report Abuse
Expect next week quarter result out? Should have movement?