Let’s wait for the quarter results. Somehow I expect the coming one will not have any material impact from the recent deals. Only the subsequent Q reports. In the short run, of course we are hoping for rally. If all deals are materialized, by year end we should have better price.
The Board of Directors of NEXGRAM is pleased to announce that IBSB had on 14 August 2020 entered into an unincorporated JVA with FHSB, a mutually beneficial relationship with the purpose of administrating, procuring, constructing, providing project funding and establishing strategic partnership pertaining to Central Spine Road Pakej 3: Gua Musang, Kelantan ke Kg Relong, Pahang Seksyen 3D: Bulatan Gua Musang ke Mentara (hereinafter referred to as “the said Project”). The said Project was awarded by Pembinaan Jaya Zira Sdn Bhd (“PJZSB”) to FHSB on 2 July 2020 for a contract sum of RM145 million
IBSB portion for the Sub-Contract Sum for the Works shall be of Ringgit Malaysia One Hundred Eighteen Million Four Hundred Fourteen Thousand Only (RM118,414,000) (based on the Bills of Quantities) (“IBSB Portion”).
If there is no obstacles such as disposal of shares by Ozura the stock should be limit up. Sigh. The disposal progress should be monitored by Ozura, not to drag the price stagnant at 6 sen - 6.5 sen, instead the price also can be push up while the share disposal is in progress to make sure Ozura can sell the share at the higher price. Sigh. Sigh
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....
8dragon
2,136 posts
Posted by 8dragon > 2020-08-17 12:45 | Report Abuse
NG NTA only @ 7 cents, so it's share won't go above this level, directors know it, so they just can't push it up...