Posted by 817065 > 2019-05-29 14:19 | Report Abuse

If instituitions are buying, its a good signal. It's not practical for institutions to buy directly from the open market because there's not enough liquidity.They need to do on off- market basis.

Posted by YapJH > 2019-05-29 14:30 | Report Abuse

Leong Hup directors are buying, how come it is still dropping and price not even sustaining on par with IPO price despite just listed recently?

Directors buying and selling cannot be view in isolation. You have to look at and sniff at what they really intent to do, at personal and corporate level.

We cant tell what exactly the director wanted to do with the money, at least collectively the 3 promoters are still controlling more than 51% of the company (not sure will he use the money to accumulate warrants).

On a corporate point of view, Revenue shares are slowly getting illiquid and shares are hard to get, i suspect the funds are upping their stakes in revenue and the public shares are getting lesser. For funds, typically they would want to take up large block and not to keep accumulating at 20,000 or 30,000 shares per transaction.

One possible move maybe they will do a private placement and then the promoter take up the private placement. But personally i don’t think Revenue will do any private placement (make no sense to go through the trouble having the money in and out, unless there will be a huge disparity in term of the issue price, but they tend to use 5D-vwaps, that most likely remove that possibility).

My best guess is instead of causing further dilution to the public shareholders after the 3 acquisitions, maybe they choose to use the promoters block to sell to funds and get ready for mainboard listing. Mainboard listing will cause dilution. I think this is a good move to protect public shareholders instead of keep issuing shares and then subsequent being disposed off at open market.

Posted by 817065 > 2019-05-29 16:56 | Report Abuse

Great analysis from YapJH. Appreciate very much.Thanks.

Posted by Tcs76 > 2019-05-29 19:58 | Report Abuse

Transfer to main board need any requirement? I heard need to earn how many millions in a year only qualified to transfer

Posted by YapJH > 2019-05-30 09:40 | Report Abuse

As stated in Bursa Malaysia website, uninterrupted PAT of 3-5 years, with aggregate RM20mil of PAT, the most recent full Financial Year with a PAT of at least RM6m.

Posted by 817065 > 2019-05-30 12:41 | Report Abuse

Based on this, they should qualify easily.

Posted by 817065 > 2019-05-30 18:25 | Report Abuse

Ghlsys results just out. Ghlsys EPS is 0.86 sen. Revenue's EPS is 1.14 sen. Based on annualised EPS, Ghlsys PE ratio is 42 times based on share price of RM1.43.
Revenue's PE ratio is 27 times based on share price of RM 1.24.

Posted by YapJH > 2019-05-31 14:33 | Report Abuse

Kenanga Growth Fund took up the directors shares. 11,819,500 (5.095%). Most likely the balance is using other kenanga funds to acquire.

Posted by 817065 > 2019-05-31 15:59 | Report Abuse

So, cytew was accurate.

Posted by yonexitem > 2019-05-31 17:40 | Report Abuse

Next boom point will be on next qr. The price will remain here at the moment

Posted by Tcs76 > 2019-05-31 19:48 | Report Abuse

Ready to fly

Posted by 817065 > 2019-06-02 13:27 | Report Abuse

Entry of new substantial shareholder just announced on Friday..

Posted by 817065 > 2019-06-02 19:10 | Report Abuse

It's a long term growth stock, that's why it's accumulated by Kenanga Growth Fund for long term growth.

Posted by 817065 > 2019-06-04 13:14 | Report Abuse

New executive director appointed; acquired 4.2 million shares.

Posted by 817065 > 2019-06-07 13:51 | Report Abuse

Kenanga Growth Fund accumulating more Revenue shares from the open market.

Posted by 817065 > 2019-06-07 13:58 | Report Abuse

Quite likely that was the deal reached with the major shareholders.... that the fund should also buy a portion of their needs from the open market.

Posted by brucewayne77141 > 2019-06-07 13:58 | Report Abuse

817065 how u know?

Posted by 817065 > 2019-06-07 17:51 | Report Abuse

I said it is quite likely, because based on my knowledge, that's normally how major shareholders would insist before they agree to any big off- market deals with fund managers.
And it will be proven to be true if the new substantial shareholder subsequently buys from the open market and announce accordingly. And this was really done.

Posted by brucewayne77141 > 2019-06-10 12:43 | Report Abuse

Something is brewing...

Posted by 817065 > 2019-06-11 11:00 | Report Abuse

What's brewing?

Posted by trap666 > 2019-06-11 12:08 | Report Abuse

end show

Posted by blue8888 > 2019-06-11 13:13 | Report Abuse

https://m.facebook.com/1069201099937059/posts/1073268679530301?s=1032584336&sfns=mo

Posted by 817065 > 2019-06-11 14:14 | Report Abuse

Undervalued compared to GHLsys

Posted by RainT > 2019-06-12 12:40 | Report Abuse

kenanga growth fund buying ??

how u know?

Posted by milodrinker > 2019-06-12 15:40 | Report Abuse

from the announcement la

Posted by newbietrader > 2019-06-14 15:58 | Report Abuse

starting grow up

Posted by 817065 > 2019-06-14 17:13 | Report Abuse

Also the volume is increasing.

Posted by Tcs76 > 2019-06-14 17:37 | Report Abuse

Will reach 1.4 next week,let c

Posted by 817065 > 2019-06-17 11:57 | Report Abuse

Investment funds slowly accumulating.

Posted by RainT > 2019-06-18 11:53 | Report Abuse

ah ok

CIMB COMMERCE TRUSTEE BHD
KENANGA GROWTH FUND

Posted by 817065 > 2019-06-21 10:53 | Report Abuse

Instituitional buying......

Posted by clss17 > 2019-06-21 11:15 | Report Abuse

gogogo

Posted by Tcs76 > 2019-06-21 12:11 | Report Abuse

Going toward 1.4+

Posted by 817065 > 2019-06-21 12:32 | Report Abuse

Warrants are now under-valued.

Posted by YapJH > 2019-06-21 12:42 | Report Abuse

A very interest development now.

Revenue is raising to and above RM1.30 range whilst GHL has trend down from high of RM1.70 to about RM1.30 to 1.40 range. Given GHL market leader position, I would have expected their shares have more trading volume. But that doesnt seem to be the case.

My banker friends told me right now insti funds hold about 15% of the public floats of Revenue. So insti funds are accumulating Revenue and not GHL.

Im not sure how true is the info, i was told Revenue has secured at least 1 or 2 out of the 3 big e-com players in Malaysia and will become their their payment processor. If that is real, then perhaps that is the reason why insti is going after Revenue and seeing their potential.

Posted by TuhanSaham > 2019-06-21 13:25 | Report Abuse

Insti is banking on the cashless and digital economy. RGB also got moneylending license which they can provide loans to end-consumers and also their merchants. Interesting development will be on their moneylending venture.

Posted by 817065 > 2019-06-21 14:12 | Report Abuse

Payment processor for e- com has better profit margins than for card processing.....

Posted by luffys > 2019-06-21 14:21 | Report Abuse

isnt that the opposite? MDR rates for acquirers are so much lower than card merchanting business

Posted by TuhanSaham > 2019-06-21 14:42 | Report Abuse

F*ck MDR, real revenue is coming from servicing those terminals. Recurring revenue is the real deal.

Posted by TuhanSaham > 2019-06-21 14:45 | Report Abuse

Their market share in e-com is very low but they have one and biggest anchor client. I believe their focus right now is on offline merchants. Changing to Android-based terminal allows them to offer more add-on services to the merchants efficiently.

Posted by YapJH > 2019-06-21 14:45 | Report Abuse

Revenue has a mixture of online and offline business model. MDR for card business, as highlighted in the MD interview with the Edge, it will soon come down, i believe mainly because it is highly regulated industry by BNM.

On the hand, those online MDR will be pretty much on a commercial terms. I do not know how true that they have secured other e-com players and under what terms, but if you read their prospectus, their e-com gross profit yield a higher percentage, mainly because of the cost structure (fixed cost per transaction) whilst charge percentage as revenue. Any increase in the spending will push the margin up.

As for offline, i understand the margin is rather stagnant. Charge percentage as revenue and also pay in percentage (cost), so whether the spending move up, they still earn the same margin.

But ultimately, both are volume game. The more EDC terminals will allow more offline transactions, more e-com players will allow more online transactions processing. But the infrastructure are already built so just process only.

Posted by musangking998 > 2019-06-21 14:58 | Report Abuse

gg sold this morning cuz plan to reenter at lower price but now .........

Posted by yonexitem > 2019-06-21 15:09 | Report Abuse

Funds dump ghl and buy revenue @@

Posted by PH777 > 2019-06-21 15:31 | Report Abuse

What's happen to GHL ?

Posted by RainT > 2019-06-21 15:37 | Report Abuse

REVENUE

why you cannot stop a while for me to buy again

keep on go up even PE already very high

Posted by yonexitem > 2019-06-21 17:34 | Report Abuse

Revenue can make more than 10m profit by the end of the year alone. Somemore there are profits from newly acquired companies. Nice

Posted by Vorster89 > 2019-06-21 17:37 | Report Abuse

Profit taken, re-enter Monday,hehe

Posted by 817065 > 2019-06-21 19:19 | Report Abuse

cytew knows the best.

Posted by 817065 > 2019-06-22 08:05 | Report Abuse

Cytew, that means the potential profit growth rate is 30% to 40% .

Posted by RainT > 2019-06-22 12:56 | Report Abuse

wah

profit growth of 30%

that seem very good to be true oh