MD buying shares is purely for optics. Rather he DELIVERS significant new projects.....has been very little of significance since EMGS 3 years ago.......
Scaramooch - agreed that he needs to deliver something more substantial in order for the stock to rerate.. ..but him buying stock is no harm as he does not place it back out into the market.
It's seem like someone purposely press down the price for accumulation. 3 more week QR will release. I foresee the price shall goes up to 2.30 level before the QR release.
CEO never ask you to buy at 2.30. if you are holding from low, then not a big deal to you. the price had been rallied for 2 years from 20-30c to current level. perhaps they need a rest for another 2 years or more in order to regain its energy. hehe.
Warchest - I am still around, not giving up on the company at all. Current time need conviction to stay through though. I believe some institutions are selling for whatever reasons - cut lost, realized profit, redemption, switch to buy stocks with stronger momentum/ stories etc etc
I do agreed that the lackluster 4Q number (as govt has tightened foreign students entries) is not great. However, other business continue as usual. The inflection point will always be when the secured another e gov contract, unfortunately timing of that is hard to pin point.
Overall, business model is still robust (4Q is down but yoy growth), net cash, dividend yield of 4.5%
The MD/CEO is buying back stocks - when one person buy stock there is only one reason - believing that the stock price will go up.
So, whether you want to place bet with the MD or some faceless institutions with different agenda is very much up to you.
A case in point, the company as mentioned never announce contract win in the past - worry that people may come to hijack certain contract, esp e-govt contract. That's why it always lack news flow. Anyway, buying this stock you need to believe that the management can deliver some significant wins over the next 6-12 months - it is not a pump and dump operations like vivocom etc
good to collect! but not now.....break 1.90 then all the way to 1.60. those collect for dividend yield should be happy as it is offering discount again
Guys, last time still growing company so is okay to give 20 x PE for this counter. But now, since no longer growing, i think PE 12 x would be more reasonable? I'm correct. Say EPS is about 13 cents, so the entry price should be around RM1.60 ?
But the MD had been buying a total of 249000 unit of shares from 11/09 - 15/09 at around RM2.00 which cost him around RM500,000. I don't think will drop to 1.60...
This counter already quite weak, Revenues dropping (bad), Profit dropping and will continue (tax incentive from MSC status going to expire soon). If starting to tax at 25% later, profit will drop at least 25%. Chart already showing weakness. And Mosics that keep promoting this counter probably sell off cause he has more info than us
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Posted by William Chow > 2017-07-25 15:59 | Report Abuse
Lol what is happening, a full green can drop back to its resistance directly? Something wrong ...