1)RM 80 million cash in the bank. 2)Strong balance sheet. 3) Zero debt. 4) NTA backing of 17 cents. 5) Price to book of only 1.2X. 6) Valuable e-money licence from Bank Negara (ie digital banking). 7) Major beneficiary of Malaysia's e-money migration 2016-2020. 8) Regional China Union Pay TPA provider. 9) Fragmented major shareholder (Mr Chew holding less than 20% and major buyer in the market below 20 cents recently). 10) Datuk Yvonne Chia and other placement takers (Silverlake's indirect nominees) still holding an aggregated d20% block @23 cents. 11) Earnings lift off FY 2016. 12) Beta relative out performance against the Bursa index even in a bear market.
........the list goes on.
What we have now are external shocks impeding the stock upside as it was @30 cents before the whole market crashed. Once the situation normalised over the course of the next 3 months I expect the clarity above will resonate. I am activating my buying again in this down-turn to capture excellent prices in expectation of a recovery to the 28 cents level (1.65X price to book vs GHL 2.5X currently) on the back of a less volatile and steadier market condition underpin by further clarity via corporate announcements and reduction in valuation discount. Good luck everyone. Stirred but not shaken.
Note: Buy and sell at your own risks as usual. I don't hang around forums.
exited ALL of the 8th tranche on 6/8 so, so, yummy..(see posting) been waiting for madiba/bullbear's call since 15/8 (see posting) just started TICKLING today at 19.5sen for the 9th TRADING position.. the HANTAM position hopefully will be presented soon with the corporate announcements as indicated by madiba.. tq madiba as usual!!!!
madiba, ur writing sounds impressive but its not mainly bcz u got ur facts wrong. the nta is 13 cents not 17 cents (a bit of exaggeration but i dont mind)
but most significant bullshit part is RM80 million cash in the bank. not sure if you know how 2 read the accounts or not, but there is definitely no RM80m in the bank, jz RM18m. maybe 18 sounds 80 to u.
to be honest, i'm a strong supporter of mpay but not to the extend of conning other people with you blatant lies and wrong facts. u're one hell a dumb, if not dumb, careless investor who read the financials wrongly, totally upside down.
Happy morning wiseeye n everyone :) Wiseeye cud it b a misunderstanding? Is there a possibilty that u r referring to financials as at june 15 while madiba's calculations r based on post warrants conversion n private placements exercises? I've roughly calculated n it comes to slightly more than RM80M after adding in existing net cash but im no expert so cud b wrong...hope u can double check..appreciate it very much :)
mc88, the increase in cash from private placement will result in increase in number of shares issued. hence, in a perfect scenario, the nta will not change. so please read up some accounting books first before vouching for madiba's statements, otherwise u will look dumb too. looks like you will have eggs in your face.
on the amount of cash that the company holds now, no one is sure because it is yet to be reflected in the latest quarterly earnings.
@bullbear..memberi hormat pada u punya panggilan.. reloading in the afternoon session for my 10th trading position.. bolih wa guna vacuum atau penyapu lidi saja???..wakakkikiiikkiiik
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....
hotdogge
1,294 posts
Posted by hotdogge > 2015-08-27 20:00 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4847941