@Chan Huat. Thanks. Censof still has 10M shares in Dnex. This quarter probably will recognize few millions worth of gain on fairvalue adjustment of Dnex shares.
For last 3 quarters, it has made RM14 million profit. If next quarter can earn RM4 million profit. Its PE is only about 10 times. Thus, Censof is highly undervalued. It is very much lower if compare with DNEX's 38,504 times.
the trendline got wreck, end of mark up phase, now go into distribution phase,, will play sideways, before mark down,anage to get out early, gud luck fellowss
be wary of syndicates and stockist 'buy n dump' tactic even with 1/2 cent increase...they trade with huge amounts so they make profit because of high volume..the momentum will keep on going as long as the masses or retailers were duped to follow them....just buy low and hold..what is fair value depends on yr own analysis
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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....
Nickoliver
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Posted by Nickoliver > 2021-02-19 10:12 | Report Abuse
cannot determine yet