Now it seems like there is totally zero interest in Eduspec. Volume seems to have disappeared. There is two way of looking at this. No volume represents.
1) No more sellers or have already dried up, for this round.
2) Big boys have already abandon this counter after making a killing when they scoop up between 0.02 - 0.025 beginning of this year. With the free warrant they are making more than 100% this round. Have not even talk about AOF. Those bastards also make more than 100% earlier. Now waiting to convert more should Eduspec shares go up more. If i am not mistaken they still have something close to 500 million warrants yet to be converted. For Eduspec share to go up meaningfully you need.
a) Big announcement for a big project.
b) Huge profit reported in this coming quarter.
Then only it will spur interest in this counter to absorb all the AOF shares. If not those fellows will keep on converting and slowly sell whenever there is a spike in Eduspec shares. In other words, the market need to clear off all the AOF block of shares (500 million) first.
If not it will be ding dong around this price for a long time maybe 1-2 years. Just look at connect, netx, vivo and etc. Those fellows has been consolidating for years. Hardly move the share price after their corporate exercise of PA, Free warrants and rights issue. This is a long term hold share not speculative. You need balls of steel to hold that long.
If you look at the NOSH it now stands at 1.268 billion after AOL converted some last 2 weeks. If AOL were to convert all it's Preference shares then it will bloat the NOSH to about 1.768 billion shares. This is huge and this makes the profit last quarter more difficult than the previous one because the NOSH has increased. In comparing company profits it is not the amount that is important but the EPS. If company A has 100 million shares and reported a profit of RM 100 million then the EPS is 1. However if company B with a NOSH of 1 billion and the profit is RM 200 million then the EPS is 0.20. So, analyst only look at EPS and not net profit.
In this case Eduspec reported a profit of 925,000 or 15.48% profit margin might look impressive. But the EPS is only 0.10. So if Eduspec were to maintain the EPS of 0.10 then Eduspec will have to report more than RM 1 million because the NOSH has bloated due to the conversion by AOL.
So, in future maintaining a high profit will be much more difficult when AOl convert all their preference shares.Someone also always said the target price is 0.37. Do you know what is the market capitalization of Eduspec? It is valued at more than RM 654 million (1.768 billion shares x RM 0.37). This put Eduspec in the top 10% of the market capitalization in Bursa. Possible or not? What business is so bloody profitable Eduspec is getting into?
Better take a look at Homeriz (furniture exporter). The direct beneficiary of US-CHINA trade war. This year alone already sign up more than 10 new customers from the US. Another beneficiary of the plunging Ringgit.
Watch out for the QR expected to be out these couple days. Expected today. You will never regret. May double your money before 2020 Chinese New Year.
" I reckon people are starting to get rid of Eduspec-wb.
If you look at the volume it seems to pick up recently. And majority of the volume done are at 0.01. Today more than 3 million shares changed hands at 0.01. Today, buyers queing at 0.01 averaged about 84 million shares. Used to be 89 million shares a few days ago. Shows that people are dumping to the buyers at 0.01.
Hope this queue of buyers can maintain if not there will be a rush to dump everything at 0.01. Then the buy queue will be 0.005. "
Now look. Buying queue for Eduspec has shrinked to 25.8 million from more than 32 million. Eduspec-wb buy queue has shrinked from over 89 million to 83 million shares.
People will panic sell soon when the queue gets lesses and lesser by the day. So be careful people.
Cksam, I give u simple example so u may try to understand, if still cannot, no point talking alot here.
If for example, eduspec mother share suddenly shoots up to 25c, the conversion price for rcps will be 80% of 25c, which is 20c. That means subscriber will need to convert 2 rcps to get 1 Eduspec share, because issue price for rcps is 10c each.
After the Oil & Gas and Semiconductor play. I reckon the next theme will be "export based" industries. Those industries that will benefit most from trade war diversion from China to Malaysia is going for the "take off" stage.
Export based Furniture industry will be in the forefront.
With the weakening of the Ringgit from about 3.95 to 4.185 currently. It will be a matter of time when the public catch hold of this opportunity. Once the public gets excited on "export based" it will soar like a rocket to the moon.
CKSM. If for example, eduspec mother share suddenly shoots up to 25c, the conversion price for rcps will be 80% of 25c, which is 20c. That means subscriber will need to convert 2 rcps to get 1 Eduspec share, because issue price for rcps is 10c each. Meaning if price shoots up to 12.5c - 80% will be 10c, means subscriber will need to convert 1 to 1. If the price is lower the subscriber will gain and why they need to push the counter.
Not easy for those billion NOSH share club counters to double up. Don't talk about 5 or 10 times from the current 0.03. There will be a lot of selling and a lot of churning of shares. It might take years for it to double or triple. Let's take the following example.
1) NETX - NOSH 3.2 billion shares
If you bother to look at the weekly chart. It plunge from 0.11 in May 2017 to 0.02 today. It has been on the ding dong since May 2015. More than 2 years of shares churning and yet still trading around 0.015 to 0.025. It has been in the top 20 volume for few months already.
2. TRIVE - NOSH 2.3 billion shares
Plunge from 0.23 in Nov 2017. After that have been trading between 0.015 to 0.03. You see it is not easy to double up as those volume that hits 0.03 are most probably 2 or 3 lots day. Not easy to sell if you have say a few hundred lots.
Eduspec plunge from 0.14 in May last year. and since then it has been on the downtrend until now. It has only been active since August this year went up to 0.07.
I won't say it won't go up but the selling pressure is just very high. Need months or years to slowly digest the selling pressure. Or as i mention earlier there is a strong catalyst to push the share price up. That will be a situation where there are lots of rumors about excellent QR, getting huge projects, important substantial shareholder coming in, MOU, MOA, LOA, RFP or whatever. Bear in mind that all these understandings or undertakings is not finalized until an actual is signed and chop. If you want to look at how many of these scam undertakings are signed in order to push up share prices then please checkout VIVOCOM's archive in Bursa (more than 10 since 2015).
The share was goreng until it reached more than 0.60. Whenever the share price drops there will be a new MOU or MOA or LOA and etc. When it finally crashed in 2015 all the understandings and letter of intents are just bogus because it lapsed. Whenever a MOU ot LOA is expired then the contract is null and void. That's why i say speculating in all these low price with huge NOSH shares will give you more trouble than it is worth. In the most (99.99%) of the investors got burnt.
Cksm, eduspec is nothing like netx. Eduspec has premium partners like Carnegie Mellon University, thier Stem education is widely accepted as the gold standard.
NETX has already completed it's accumulation phase. It has been on the churning mill since April last year. Up and down, up and down for more than a year. Volume was very low during this period. Wearing off impatient investors along the way. Many sold off their shares after cursing f@%# off to the company directors and finally throw in the towel.
Interest in the company has actually started again in July this year when daily volume jumped more than 20 x normal daily trading days. Again this is the last phase of shaking out of investors as can be seen when it share price slumped from 0.02 to 0.005 in September.However since October it's share price jumped to 0.025 when there are news saying it might be the beneficiary of a rumor Malaysia is looking into setting up another high tech stock exchange based on the recently launched (July 22019) STAR Market in China.
NETX is supposed to be the front runner for this project and hence the sudden big spike in volume. Thus creating a big interest in the stock. So i am not surprise if NETX share price were to hit 0.04 or 0.06 in the next few months.
Coming back to Vivocom. Take a look at the announcements.
Just take a look at the timeline. Almost every alternate 1 or two months there is a new LOA, HOA or JCA will be announced. The biggest killer is when there is rumor flying saying that Vivocom is fronting CRCC for all of their Railway Projects in Malaysia after the LOA for building their workers condo. In other words Vivocom is CRCC's local partner and will be representing CRCC in all of their projects. This send the share price to above 0.60 from the original price of less than 0.15.
With so many LOA, HOA and JCA totalling more than RM 3 billion why Vivocom's share price trading at 0.015 today?
Oh targeted, happened to see u mentioned me yesterday. This is market. Many, be it professional or not, might like to shiok sendiri, with charts reading, daily volume, contracts predictions, without reading n understanding eduspec loan from AOF, not to say AOF previous records. Worst still keep on posting tp 1 to 2 tp 3. But all these good in the sense that it keeps markets interesting as our main motive is to make money from others. No righ no wrong.
Netx: Please analyst Asiabio trend and they always do share consolidation if the ticket size is big: AT, Fintec and push it down before push up. Netx will go through this process b4 push up. Silap bulan 5 : 1. Wait till all this excersice take place. Let say they push up and no consolidation . Cari counter baru. Atleast ada duit kat tangan. If you sangkut wait for 2 to 3 years before dapat balik. Edu different most of the excersice sudah buat tunggu naik or turn. ( if fundamentally good boleh naik. Qr good blh naik. Dapat project boleh naik). Baca sendiri and evaluate before beli or jual. Byk sinang
Quarterly results out already. 3rd consecutive quarter having profit after 9 consecutive quarters of losses. 62% increase in revenue QoQ. Turnaround is confirmed. Even if the highly expected govt contract doesn't happen, at a PER of 15X, fair value of mother share should be at least 6 sen. If the possible govt contract is announced soon, EDUSPEC will fly ✈.
As long as 3rd qtr report is profit they will be support for EDUSPEC.. Revenue increase by 65% where it came from...expense increased Why ... hiring of new employees start... And other related expenses.. for expansion ..that us only for start.. Getting ready for expansion for what purpose ??? Revenue increase by 65% within 3 months ? Come from where ?
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....
tklim
3,204 posts
Posted by tklim > 2019-10-25 09:39 | Report Abuse
EDUSPEC....STOCK WITH MOMENTUM!!!!!!! KOLEK...KOLEK...KOLEK