Yes, everybody shall be aware of bad management. This company needed to gain back credibility. In 2016, Larry Tey who had resigned was accused of wrongdoing and brought suit against him by Protasco and Iretex management, although he was proven either not guilty or suit was withdrawn later on, red flag was raised by security commission in 2016, damage is done. Then, Nexgram and R&A group founder wanted to change board of R&A in July 2017, this send out signal of distrust to previous board, another way of indicating something amiss. In Dec 2017, new board Lim Siang Chai stated the company expected to turn around by FY 19, but in July 2018, suddenly Nexgram announced internal restructuring. However, for the first three quarters, the EPS seems to be on right track, hopefully, it is the first step to fulfill the promise and can slowly gain respect and credibility from investment community. In Jan 2019, it announced to dispose tower at loss to improve cash flow which is still in line with purpose stated in Dec 2017. That is my 2 cent advice for this company who is trading at 2 cent.
No worry lahhh....even though 2 sen , the market cap is still solid ROCK @ 41 million . Now just need some Exotic News to JUMP START its WA WB WC . Monde - create some EXOTIC news !
1) sensorlink CCTV- revenue myr34M/ PBT myr4M; 2) Logistics- revenue MYR20M PBT minus MYR1M 3) Property revenue MYR4M PBT minus MYR22M....so, the culprit is property which drag down the PBT...the other segment 2 shows high growth....I still hold this salted fish till now. wakaka
•RM50 million to enhance detention procedures and facilities, and installation of 11,500 CCTV units in police detention centres and immigration entry points.-budget 2020
Donald Lim should just let go loss making property section, divert focus on this Jiangsu Tongguan Cable for the supply of fiber cables for 5G. then, fate may turnaround. Not sure why it still holding on its historial Angkasa Icon city project
Kanda is nothing with smalllllllll stake with no directorship with no impact at all to Nexgem. What's the future direction Donald takes carry greater weight. its loss making Property section should just merge/ consolidate with Donald's Jiankun property
Oh Mr tklim nice to see here. I was attracted by its latest proposal. Hopefully submit to bursa n call out Egm as soon as possible. If bursa approves I take more n be prepared for any risk
technically looks good......I can't digest the NTA is 6.010
================================ jaynetan Oh Mr tklim nice to see here. I was attracted by its latest proposal. Hopefully submit to bursa n call out Egm as soon as possible. If bursa approves I take more n be prepared for any risk
according to previous few financial reports , showed positive nta. last report showed 6.01. how true was it might not be my consideration now as I know very well it operates in 3 segments , one segment is making progress, and I bet on short term if its proposal were to pass tru
Great ..I discovered Nexgram a few months back...Technically I sense something is brewing ...so I started to accumulate since 0.01.... .Thanks jaynetan.....
my curiosity is financial controller turned major shareholders. I don't go for very long term, just take it as a project , need to finish off within certain period
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....
TEEXIANX1840
141 posts
Posted by TEEXIANX1840 > 2019-07-17 20:04 | Report Abuse
good sign...