Dataprep has zero long term borrowings and very small short term borrowings ie RM 3.242m only. The future growth is excellent with the new found Secret Garden Genting in China going at full swing now. Every new projects need lots of computer systems to operate. This is where Dataprep usefulness and potential will be fully utilised. Buy now and keep long term . Also the current assets is 41.6m versus current liabilities at 13.644m, ie more that three times.
The secret of China’s Genting Olympic resort... Located at the outskirts of Zhangjiakou city in Hebei Province, this RMB20bil (RM13bil) all-season holiday and skiing resort stands testimony that his third son Datuk Lim Chee Wah has inherited his entrepreneurial...
China is currently implementing a plan aimed at integrating the economies of Hebei, Beijing and Tianjin, a heavily polluted region known as Jing-Jin-Ji.
VXL Dato Lim investment in the company at 0.145s and total holding 68% of the total paid up of Dataprep...................if he wanted to exit this investment vehicle he already done so when the stock rallied to 0.65s.
Why VXL still holding until now 0.50s? and no sign or filing to Bursa for any disposal so far.
The reason is simple, VXL later will acquire the remaining shares and listed on Bursa thru Dataprep similar to IWH.
Because VXL is the developer of Secret Garden Resort in China for the coming Winter Olympic and they need to tap into public funds for the expansion. Based on VXL tracks records it is troublesome to file for listing.
This is my opinion and i guess that's the reason for VXL acquiring 68% of Dataprep.
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....
2centsense
1,196 posts
Posted by 2centsense > 2017-05-05 09:27 | Report Abuse
Probably most faint hearted sellers left yesterday...time to fasten seat belt again...lets wait to test 0.575.