Once Samundra Oil Service deal completed (transaction at 35 sen). believe more fruitful things to come.......
Currently they are in the midst of venture into oil n gas business directly (thru' -samundra oil ) and indirectly ( defense govt. dept plus vanguard........).
1. Censof from 40 sen plus n now stabile and looking bright future based on their latest business transaction and likely involve in GST related matters....
Keep for medium to long term since already break 60 sen my initial target, may likely to attract more PNB link companies or fund manager to invest in this smallcap company. { tumb up to Myeg. }
Now,
2. Destini- after ex bonus warrants, price gradually up from lowest on 14/10, 31.5 sen with interval small purchased by big shareholder on 16 & 25/10 respectively at 32.5 sen and 32 sen respectively.
Price currently in the range of 36 to 36.5 sen n believe worth to consider while awaiting for their multiple proposals in which yet to table for egm.
Consider also their offered price at 35 sen to purchase samundra oil services sdn bhd.
Both of the above counters must be patient and avoid contra in order to enjoy fruitful gain...
(Bonus issue of 242,000,000 warrants in Destini Berhad ("Destini")("Warrant(s)") on the basis of two (2) free Warrants for every three (3)existing ordinary shares of RM0.10 each in Destini held at 5.00 p.m. on 30September 2013),if the company make a right issue or bonus issue,sure the price will drop ,just dont know how much they will make adjustment,like instacom , now up back already ,almost like that lah~
The latest 4 quarter revenue total up is RM75.236 million. This contract contribute RM31.675 million per year. Means the revenue will growth by 42% after this contract contribute. Good counter to buy in now no matter short term or long term. The graph was in uptrend.
Hi abc529, thank you for the comparison calculation. should we also consider they revenue comes mostly from contracts from ministry of defence. Those previously 4 quarters revenue could have been previous contracts awarded 3 years ago.
Since the latest contract of 95 mil last 3 years, and the earlier 3 mil contract for royal navy also last for 3 years, should we suspect that the revenue from 2010 ~ 2013 were from contracts awarded at that period? If similar contracts from same ministry has been awarded, assuming there were no other significant business from else where, and no further contracts from now, there might not be a 42% growth in revenue.
I am also trying to find out the info, let's dig out the contracts awarded announcement from 3 years ago and then the picture will be clearer.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 565 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12946 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
prc4wifefe
3,564 posts
Posted by prc4wifefe > 2013-10-29 11:35 | Report Abuse
wah...surprise me...I thot can sampai 0.34 only