Iris counter today's drop more than this counter that's means May is the downtrend month lol.... Once 0.40 break I wil back to buy in Iris if the price below 0.35....
DreamM: Already told u Iris will retrace to 39sen. Unfortunately, with the new development of Versatile selling its 120million shares, some are expecting 25 - 28 sen.
rex23: There are still contra players to be flushed out the next 2 days. The real problem will be trading limits on ACE counters ny the brokers these few days.
Gerry if u trust me June all the share flying back so fast... I already say so many times every years of May is a downtrend but is time to keep cheap share if u had cash to keep and sell it back on next month lol
gerry188..please la..don't pass the ball to someone who dont know how to kick..hahaha.. not yet la bro.. u also know la.. what i just saw today the race between our friend.. dreamM now the leader..0.225, second madiba 0.23 third bullbear 0.26 ( but bullbear disqualified cause has sold ) forth madiba again at 0.28.. the most luckiest now dreamM ( cheapest 0.225 ).. the most brave one madiba ( 0.28 strong heart n iron hand ).. rex23 im so sory..( i dont know ur position cause u buy in all the time..hehehe..) tomorrow let see another race..who the next lucky one.. is it wee88 (attempt to buy 0.225 but finish today sapu all by dreamM) is it madiba (cause need to average down), or gerry188 (cause tak boleh tahan..) for those i dont say name this just for fun game.. release tension only.. for those i say name also this just joking among friend..have a nice day bro n sis..
revenue end of 31 09 2013 5 millions however earn 500k only...I better go and buy photocopy machine can earn more than this company.... 1 % only me lauge till die for u lah pzul
Good news that Myeg not related wt Gst project....
Posted by klixe > Apr 15, 2014 10:44 AM | Report Abuse
MYEG not elected as GST Collector, says the Director General of The Royal Malaysian Customs ? Yes this is the headline of a small article in The Edge Financial Daily today and just managed to speak to management on this :
*Thought it should be a non event article for MYEG, but stock down 5% today with 4.6mn shrs traded vs its 3-mths avg of 1.29mn shrs.
* Just managed to speak to mgmt of MYEG to see whether I understand the article correctly and please find below feedback from mgmt
1) It is technically correct that MYEG is not a "GST collector"
2) MYEG "is not supposed" to collect GST on behalf of Government and MYEG is supposed to undertake Custom Online Reporting (Electronic Monitoring System - EMS). The appointment entails linking up point - of - sales terminals and cash register businesses that are subjected to Customs' tax collection as well as to provide portal for them to do tax reporting. Recall MYEG received the letter of award on 13 Feb and announcement was made on the same day
3) It is true that government do not fund the project as MYEG will be the one funding the capex to be incurred for this project (consistent all these while)
* In another separate announcement by MYEG, it is also stated that based on the value of the Custom Online Tax Reporting stipulated in the Letter of Ward, MYEG could achieve an estimated effective 20% revenue from the increase in tax collection by participating businesses over and above what the Government is able to collect on its own when the Project is implemented from 1st April. (Also consistent all these while)
* Well the gist of this is, the headline is technically correct, but please don't be panic as MYEG will still be involved in the custom monitoring and tax reporting portal front as what they have been telling investors. So the selldown in the market if it is due to this article, could ultimately be a misconception that MYEG does not have a role anymore*
Now is Mpay vs Iris lol.... Mpay get it a lot of benefit but if Iris get it I guess 50million a year revenue nothing effect Iris cause now Iris total 1 years revenue is 500 million
pzul: Sure can tahan! Only want to be hundredairre unlike wee888 and DreamM. Frankly, market sentiment is bad and all of my friends are already shorting the KLCI futures.
Better to look see look see as advised by one of our i3 sifus.
Wee.... U r right.... Ppl scare we need to brave to collect cheap share and if a lot ppl brave we need to take profit lol.... BTW Mpay price can't push up by normal investor, need the fund or director board ppl push up....
pzul: The counter still hasn't turned. Let's see the next 2 to 3 days. Like u said earlier, u can always buy when the counter has turned upwards - let the brave ones make the first 2 to 3sen. But remember to set a trailing stop!!
DreamM: Hard to say but saw a lot of buyers between 26 to 28sen Wednesday and Friday. If these were contra players (don't look like the sharks), then still got some way to go before contra players are cleared.
Sharks will not push to let contra players exit so I think price will still drift. Today looks like bargain hunters from 4 to 5pm.
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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....
rex23
340 posts
Posted by rex23 > 2014-05-05 15:53 | Report Abuse
lower price at 0.22 ????