Committing to all services like a greedy pig. This tells specialisation is absent and certainly customers will be suckers with frequent downtime and unsatisfactory customer service.
I won't be surprised if this is another ALI Baba man-in-the-middle-collecting-commission-for-contracts type of company. In the long run, payments clog and whole system overheats.
DickyMe Even though i don't agree with you but you have raised a very good point on sharp pullback. Last time GETS get a bursa advisory caution on nov 16 2020 its price was rm 3.97. It plunge at the morning nov 17. And closes at rm 3.11. Shark dumped GETS
So you are implying history repeats itself with dataprep. Ok. Only time will tell whether shark takes this cautionary advise as a cue to dump dataprep tmrw
Unbelievable...there's no end to this counter's rise...from 20sens to RM3.15....how many millionaires were made...in this...
Loss making companies can go up 15 times... But profitable companies cant even give u 15sens gain.. Companies like these..are so undervalued Khind PE 5 Pensonic PE 7.5 Umsngb PE 12 Fiamma PE 7.8
Sadly this is the case across the board on the Bursa....for so long...
Bursa advises investors to exercise caution when trading Dataprep shares
KUALA LUMPUR (March 10): Bursa Malaysia Securities has advised investors to exercise caution in the trading of Dataprep Holdings Bhd shares which have skyrocketed to RM3.15, from barely 18 sen in early January.
The exchange had issued an unusual market activity query to Dataprep on March 1, and the group responded by saying it was not aware of the reason behind the counter’s rally.
“Bursa Malaysia Securities would like to advise investors to exercise caution and make informed decisions in the trading of Dataprep shares.
“The exchange will not hesitate to take appropriate regulatory action to ensure fair and orderly trading of Dataprep shares.” Bursa said in a statement today.
On Feb 15, Dataprep announced it has completed the acquisition of a 51% stake in multimedia hardware and component distributor Ridaa Associates Sdn Bhd for RM3 million.
The following day, the group proposed a private placement of 138.6 million new shares to independent third party investors at an issue price to be determined later.
Dataprep, an information technology service provider, added that it has been continuously looking for new opportunities to enhance the value of the group.
Its shares have been on a steep upward trend since mid-February, when it stood at 26 sen.
The stock climbed further today, rising 50 sen or 18.87% to RM3.15 for a market value of RM1.9 billion. The counter saw 63.69 million shares traded.
Since the beginning of the year, the stock has risen by 1650%.
INFORMATION communications technology (ICT) service provider Dataprep Holdings Bhd whose share price has ballooned more than 1,800% in a span of one month has been served a ‘red card’ by Bursa Malaysia.
The market regulator has today issued an advice to investors, urging them to exercise caution and make informed decisions in the trading of Dataprep shares.
“The exchange will not hesitate to take appropriate regulatory action to ensure fair and orderly trading of Dataprep shares,” the market regulator pointed out in a statement.
From a low of 16.5 sen on Feb 11, Dataprep has skyrocketed by leaps and bounds to end at RM3.15 at the close of today’s trading.
The counter added 50 sen or 18.87% from yesterday’s price of RM2.65 with a hefty 63.68 million shares traded which enabled the company’s market capitalisation to breach the RM1 bil mark to RM1.92 bil.
Recall that Bursa Malaysia has issued the company an unusual market activity (UMA) query on March 1 following its recent sharp rise in price.
The company has in its response to UMA Query confirmed that it was not aware of any corporate development or explanation that could give rise to the unusual trading activities in its shares save and except for the announcements it made on Feb 15, 16 and 23.
A darling among retail investors during its heydays, Dataprep which was listed in 1991 had earned the distinction of being the first Malaysian information communications technology (ICT) company to be listed on the local bourse
In the quest to restore interest in the stock, the company’s new management has set its sight on long-term growth potentials, primarily by capitalising on several promising areas under the robustly-growing Industrial Revolution 4.0 (IR4).
For the record, Bumiputera-owned Widad Business Group Sdn Bhd (WBG) acquired the entire 64.2% stake belonging to Dataprep’s major shareholder VXL Holdings Sdn Bhd via its subsidiary Wardah Communication Sdn Bhd in July 2017.
This triggered a mandatory general offer which subsequently raised WBG’s stake in Dataprep marginally to 64.4%.
For its 9M FY2020, Dataprep extended its net loss to RM6.76 mil from RM3.64 mil in the same period a year ago although its revenue was slightly higher at RM23.63 mil (9M FY2019: RM21.07 mil). – March 10, 2021
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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....
joejambol
303 posts
Posted by joejambol > 2021-03-10 18:47 | Report Abuse
just sold today...lucky. tinorriw scare big red