Sorry ah, CENSOF's boss was an idiot and he sold a very large portion of DNEX share below 0.300 and the share holding had went below 20% which made DNEX ceased to be the subsidiary of CENSOF. It means that the profit of DNEX will not be shared by CENSOF. So those who said the profit of DNEX will be shared by CENSOF and the share price of CENSOF will follow DNEX was totally BS.
(Personally) I do not care abt profit figures/performance (its all BS n time-wasting!! Why ? I suspect the owner want to goreng it up up up n dispose/unload to us small fishes as stated previously--that must be the ONLY REASON) my homeworks on the charts/price behaviour shows (MUST BE WRONG!!) that somehow/somebody is going to wack the price up continuously STRARTING tomorrow for the next 5 days for 2 more higher highs each for mother ,WA & WB. We shall watch !!
Ricky : "............. somehow/somebody is going to wack the price up continuously STRARTING tomorrow for the next 5 days for 2 more higher highs each for mother ,WA & WB. We shall watch !!" I am not sure for others, dont hold it against me!!
If you think it will rocket up into space, then HOLD..
Why fight?
YOLOOOO, some may say that profit sharing from Dnex is true bla bla bla...but in fact, it is now only an associate company. Not subsidiary anymore...
But then, how much are the 300M DNex shares worth now? Initial investment in 2013 was less than 70M...bridging loan for the subscription of DNex rights with warrants have already or nearly been repaid..so what's next??
Remember the NSW for Censof...this is the cash cow for now!!
Dnex profit for 4q is 1.77ct.Censof hold dnex 18%.Based on the calculation,Censof profit from dnex shd be 1735m/502mX1.77x18%=1.10ct.But now censof only earn 0.75ct.This mean censof on its own business still make a lost of 1.10-0.75=0.35ct.My opinion is buy dnex directly better than censof
There is very little logic in share market. Current price for Censof-WB iis 0.115. To convert to Censof, need to top up 0.46 = 57.5. Price of Censof is 0.285, that is 50% discount based on WB current price.
Comparing Censof to IFCAMSC, 3 quarters profit B4 tax ( Censof) RM90.512 Million, Net asset per share is RM0.3238 with total of 501 million shares. Current price RM0.285. As for IFCAMSC, 4 quarters is RM0.867 million, Net asset per share is RM0.17 with total of 608 million shares. Current price is RM0.48. Any Logic?
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Posted by kingcobra > 2017-02-27 11:21 | Report Abuse
CORRECTION....beware!(esp WB)