Haha GaoLuckStockGod, that is a very bold prediction. But just to let u know, the bonus issue will only be completed by 2nd quarter this year, after going through EGM, etc.
Whether Bursa will approve today or not, I think is highly unlikely as it is too early.
WiseEye, of course I know the bonus issue need to be approved by shareholder via EGM. But before that, it should get approval from BM first. I forecast bonus issue will be completed at the end of April 2014. I think the BM approval for NG's bonus issue should be announced before 28 Mar 2014 probably by today. It's not too early as you said.
You can look at Presbhd's bonus issue was approved by BM within 7 working days as reference.
Glad to see we have people like fakao Yu, who doesn't realize the potential of the company. These people sell at a loss to us who buy cheaply. Need shallow and uneducated people like him more to make money.
GaoLuckStockGod, are u doing shares trading full time? I've been sharing quite a lot on this forum on why I choose this counter. Do you have anything to share on your basis for selecting this counter? And what do you see in this counter in the next few years to share with forumers here?
WiseEye, I'm just a part-time trader & investor as well. I think most of NG shareholders already knew the Nexgram background in term of nature of business as well as fundamental wise, so I no need talk too much here.
I bought & held a lot of NG shares since August 2013 bcos I'm quite optimistic to foresee its future earning growth will be very lucrative, at least double from the existing yearly PAT about 7 million as its diversified business that are:-
1. Launching of IP-based network delivery solution as a key component of its Consumer Content Application / Corporate Mobile Application Modules (CCAM/CMAM).
2. Outsourcing agreement with the guaranteed revenue of USD 22.5 million over a period of three (3) years starting in Nov. 2012 from PT Inovisi, with an option to extend another 3 years.
3. Development of the Cyberjaya Land as new mixed property project (SOHO & Data Centre) will generate gross profit about RM 70 million that spread over the project's tenure of 11 years, this implies potential boost of gross profit about RM 6.4 million per annum expected from 2017 to 2027.
4. Acquisition of the Boutique Building to derive rental income.
5. Coal trading
6. Future may JV / acquisition of new data centre management company, O&G venture, etc.
It sound a bit rojak. It seem like the company can't decide what nature of business they want to focus on to do from IT to property to coal trading and more as mentioned above.
TPY wants to reform the NG to be a giant congglomerate company like Sime Darby, GE, Hitachi, etc. Rojak tak apa as long as it making good profit in the future.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): BONUS ISSUES NEXGRAM HOLDINGS BERHAD (FORMERLY KNOWN AS NEXTNATION COMMUNICATION BERHAD) (“NEXGRAM” OR “COMPANY”) PROPOSED BONUS ISSUE OF UP TO 617,384,147 NEW ORDINARY SHARES OF RM0.10 EACH IN NEXGRAM (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD AS AT AN ENTITLEMENT DATE TO BE DETERMINED LATER BY THE BOARD OF DIRECTORS OF NEXGRAM (“PROPOSED BONUS ISSUE”)
NEXGRAM HOLDINGS BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES Description NEXGRAM HOLDINGS BERHAD (FORMERLY KNOWN AS NEXTNATION COMMUNICATION BERHAD) (“NEXGRAM” OR “COMPANY”)
PROPOSED BONUS ISSUE OF UP TO 617,384,147 NEW ORDINARY SHARES OF RM0.10 EACH IN NEXGRAM (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD AS AT AN ENTITLEMENT DATE TO BE DETERMINED LATER BY THE BOARD OF DIRECTORS OF NEXGRAM (“PROPOSED BONUS ISSUE”)
(For consistency, all the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 21 February 2014 in relation to the Proposed Bonus Issue, where applicable, unless stated otherwise or defined herein) Reference is made to the Company’s announcements made on 21 February 2014 and 5 March 2014 in relation to the Proposed Bonus Issue. On behalf of the Board of Directors of Nexgram, Public Investment Bank Berhad (“PIVB”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 21 March 2014 (which we had received after 6pm) approved the following: (i) listing of and quotation for up to 617,384,147 Bonus Shares to be issued pursuant to the Proposed Bonus Issue; (ii) listing of and quotation for up to 83,853,000 additional Warrants A arising from the adjustments to the number of Warrants A pursuant to the Proposed Bonus Issue; (iii) listing of and quotation for up to 40,000,000 additional Warrants B arising from the adjustments to the number of Warrants B pursuant to the Proposed Bonus Issue; (iv) listing of and quotation for up to 70,504,448 additional Warrants C arising from the adjustments to the number of Warrants C pursuant to the Proposed Bonus Issue; (v) listing of and quotation for up to 83,853,000 new Nexgram Shares to be issued arising from the full exercise of the new Warrants A; (vi) listing of and quotation for up to 40,000,000 new Nexgram Shares to be issued arising from the full exercise of the new Warrants B; and (vii) listing of and quotation for up to 70,504,448 new Nexgram Shares to be issued arising from the full exercise of the new Warrants C, on the ACE Market of Bursa Securities. The approval granted by Bursa Securities for the Proposed Bonus Issue is subject to the following conditions: (i) Nexgram and PIVB must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Bonus Issue; (ii) Nexgram and PIVB to inform Bursa Securities upon the completion of the Proposed Bonus Issue; (iii) Nexgram to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed; and (iv) Nexgram and PIVB are required to make the relevant announcements pursuant to Rule 6.35(2)(a)&(b) and 6.35(4) of the Listing Requirements. This announcement is dated 24 March 2014.
Announcement Info Company Name NEXGRAM HOLDINGS BERHAD (ACE Market) Stock Name NEXGRAM Date Announced 24 Mar 2014 Category General Announcement Reference No MM-140324-33607
Next will be uptrend momentum n hope to get new support level. Thereafter, boosted with some catalysts and achieved TP of RM1. Lol.. (Note: my own TP ya!).
EGM on 9/4/14 CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED BONUS ISSUE OF UP TO 617,384,147 NEW ORDINARY SHARES OF RM0.10 EACH IN THE COMPANY (“NEXGRAM SHARES” OR “SHARES”) (“BONUS SHARES”), TO BE CREDITED AS FULLY PAID-UP, ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY THREE (3) EXISTING NEXGRAM SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED LATER
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....
kabam88
211 posts
Posted by kabam88 > 2014-03-21 12:27 | Report Abuse
WiseEye, you must have bought a lot of Nextgram share