The drop is caused by irrational selling, as always by people who reacts negatively to bad news totally unrelated to the welfare of this company.
I assure investors holding this hidden gem will be rewarded as soon as the next corporate exercise is announced.
Looking at the assets alone, this company is worth holding. As for profits wise, they have profit guaranteed for the next 3 years from Inovisi and the revenue recognition goes higher and higher towards the end of the completion. They also have the option to extend further for 3 years, another sustainable income for NG.
Having said that, investors should look at potential synergies with R&A.
0.12 sure will dapat as today shark repeating exactly same pattern yesterday. By afternoon it will trade 11 to 11.5 cents and closing 11.5 cents today. Dun believe enter now and regret by 5pm
WiseEye you said based on the assets of the company and track record of profit from past is worth holding the share. But at what price? What i understand that based on the asset and cash flow the company is worth at RM0.10 (based on research house info which can obtain from bursa). Maybe you can share more instead just say worth keeping.
My few days observation had been consistent pattern whereby showing low q of sellers and trading tight range in morning at highest price and tens of millions shares push by shark. Then afternoon split second down by 1.5 to 2.5 cents. Clearing stocks from 16.5 cents to below 10 cents is multi million profit isn't it guys?
No rocket science lah bro. Trend and pattern never lie. Now surely no news after last good news because since good news came out is harvesting time for the shark mah. Lets see by 430 at 11 or 11.5 cents
Recently look like distribution in morning session and then dumping in afternoon session. But maybe today will be different style in afternoon session. Just wait & see...
If you ask me there is not such thing the right timing to buy or sell. You need to do ur own homework and judge urself. Unless u know some shark player they give u tips when they taking action. My advice still the same, trade wisely. Dont be greedy.
proposing bonus news already out.... these few days won have any happening... unless, SC and Bursa approve, then go through EGM approval... then only will see uptrend... so, for short term investor who want to hope recovery to 15cents... this is not the time, unless u pick up the stock and hold it until 30 June 2014 (which targeted to complete the bonus issue by Q2)
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....
GaoLuckStockGod
574 posts
Posted by GaoLuckStockGod > 2014-03-03 21:27 | Report Abuse
NG won't drop to below 10 cents at the moment due to bonus issue proposal unless global economic crisis again. :)