Technical wise, if it breaks through 0.14 convincingly, it'll go one-ward direction all the way up. If there are additional news boosting this counter, it'll go even much higher probably higher than its NTA of 0.19. Since the CEO keeps on acquiring the shares since last month, I have a strong feeling something is brewing inside, either an M&A going to happen or something. Otherwise, the CEO won't be buying back so many shares suddenly.
everyday high volume, more than 600K done.... is a good sign for climbing high... i believe the bonus announcement is true.. and will boost the price easily to 20cents....
jcwn22, high unlikely it will happen, coz a deal may be coming close to finalisation. don't speculate, just wait and see what happens later during closing. u can connect the dots.
Happened with huge accumulation of shares by CEO by selling stakes in other companies > News broke out abt M&A and bonus > Confirmation by NN in Bursa on M&A talks ongoing and possibility of bonus > NN changed its company name to Bursa.
Not to forget previously they intended to start a mixed development project in Cyberjaya.
Also the fact the CEO sold stakes in other companies to focus in NN shows a great deal of confidence and interests in him to bring this company to a whole new level.
Just imagine, from 20mil shares to 200mil shares in a span of a few months?? The CEO must be dead confident of this company or else why would he suddenly accumulate so many shares? He even sold off protasco and a few other companies to pump into NN. He wants to make NN his main business empire now.
Probably given another 6 months to end of this year, we can see major change in the company business structure. Probably new data centre business, partial property development business and etc.
If that you guys are long-term in this (ignore all the noises and ups and downs along the way), you can probable achieve a good gain from today's price by end of this year.
Apart from possible acquisition of data centre company, NG maybe will diversify its business to Oil & Gas sector via JV btw its subsidized company, Nextgram Resources S/B and PT Inovisi Infracom Tbk in Indonesia. Just wait & see...
As you know, tie-up agreement btw NG & PT Inovisi Infracom Tbk for coal mining had been done since last year. Next venture maybe oil & gas bcos PT Inovisi is Indonesian giant conglomerate which is involved in an array of businesses includes telecommunication, real estate investments, toll road concessions, coal-mining, energy and oil and gas.
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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....
BuLLRam
1,104 posts
Posted by BuLLRam > 2014-02-19 16:34 | Report Abuse
hey ho..lets gooooo....another 1 yr sleeping stock ..now 3cts up..