Though what business drop. Its write off accounting net off from subsidiary and holding. IT and security reliance on economy and that is bad but still on going. This tells us how economy is doing especially property market. Whole year still profit fortunately. Hope more government projects soon to balance slow private sector. Looks like going to be up hill fight economy. We all becomes long term investors. :'P hahahahah
not losing money. The money previously earned was due to the disposal of a company for 24 million. The -(12 million) is due to the acquisition of Blue Hill development.
Blue Hill currently has a RM 40 million project going to take off soon and this company is also handling some govt project.
Nexgram Holdings Bhd’s wholly-owned subsidiary, is acquiring a 70% stake in Blue Hill Development Sdn Bhd from Spacious Glory Sdn Bhd for RM12.5 million. The corporate exercise involves the acquisition of 770,000 ordinary shares of RM1 each in Blue Hill. The acquisition is in line with Nexgram Group’s strategic plan to diversify into the construction business to enhance its longer term profitability.
to take over a company cannot be few millions..... the machineries... aldy worth few millions... excavators, lorries, bulldozers... etc. further, blue hill has a development project worth 40 million coming....
Among pennt stocks, this is cheapest. If THheavy and Sumatec not holland yet and goes up when got new project to replace bad project, Nexgram should focus to get new project like other plc.
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....
fl888
7,638 posts
Posted by fl888 > 2016-09-30 08:34 | Report Abuse
Netx is cheaper ?