Rio, at least i have someone think alike. I don't understand why those who are so pessimistic are still in this forum writing rubbish and wasting their time here unless they still have keen interest on the SPAC and want to make money out of it. If you have no confident on the SPAC, just sell it and move to other forum.

Looking at the movement of the share and warrant, probably something is brewing and those with the privilege information had started accumulating esp the warrants. I guess announcement of QA may be very soon.

Who wants to sell below RM0.45, pls let me know. We can arrange off market transaction. I have very positive view on the processed F&B industry but not oil & gas. We can't compare an orange with an apple. In fact, almost all oil & gas counters are affected by the depressed crude oil prices and don't blame on SPAC unless it is in oil & gas industry..

http://www.theedgemarkets.com/my/article/boustead-store-slp-resources-reach-energy-msc-bhs-industries-and-tnb

Shareholders of another SPAC, REACH ENERGY voted against the proposed QA. The warrant will become toilet paper soon. Therefore, be mindful if you are the warrant holders of SPAC.

The good news is the disposal is via off market. So, watch out for the entry of white knight/new shareholders.

The recent issuance of additional ESOS shares totalling 10% to all the directors, senior management and employees at 6 sen. These people know the company and the business better than anyone of us here. So, ponder about it before speculating all sorts of negative allegations. Are they foolish to subscribed to the ESOS at 6sen?

The company is adopting very weird accounting standard MFRS, which will only recognise the revenue and profit upon completion of the project. This is not the industry norm. So, you will only see the revenue and profit increase after 3 years.

Please read the full annoucement. The rationale is basically preparing the company for fund raising exercise and/or corporate exercises involving issuance of new shares as the Company cannot undertake a new issuance of securities below its par value, i.e. can't fix the share placement or right issues or ICPS lower than RM0.10 currently. Looking at the current market value of the share, most probably the issuance of new shares if any may be fixed at revised par value of RM0.05. Therefore, the potential upside is limited and in my humble opinion will not exceed RM0.10. Otherwise, it is meaningless to embark on this exercise.
The company is in need of cash to undertake the RM1.4Bil projects. Its cash is depleting. Therefore, the cash raising exercise is very likely and imminent.Trade cautiously and do your own homework.

What I deduced last week is proven to be correct. His share margin had reached the limit early this month and could not pick up the shares bought. Therefore, without topping up of additional collateral in time, the securities firm did not pick up the 5.2mil shares bought by him and sold it with contra loss. Now, with the additional shares as collateral, his trading limit would have been increased accordingly for him to purchase more Nexgram shares.

Beware of conman and liar in this forum. These are the people who missed the boat and try all sort of tricks hoping to buy cheap again. Durain runtuh period is already over.

So that got durain runtuh and someone can continue to collect. Actually, I also collected some today.
Pls read today's The Edge Financial Daily, which the editor interview Tpy. Find out what he said. Nexgram is now his Flagship company and there is possible corporate exercise in the pipeline.

Whoever want to sell, you are welcome to do so as it I will be accumulating it. I believe there are a lot of investors out there waiting for the "durain runtuh". Now is durain season, isn't it?

Sg999, Use you brain cells. Will someone with first hand info about the company buy high and sell low. This is basic common sense. Furthermore, go and add up the amount of shares bought buy Tpy last month. My advice to the rest is don't have the herd mentality in your investment strategy.

I guess a lot of you have mistaken Dato' Ooi as Director of Nexgram. Actually, he is not but merely one of a substantial shareholders. Therefore, he does not have direct info on the affairs of the company. That's why he is not required to give notice to trade during closed period as compared to Tpy. In addition, pls take note that he did not contra off the 10mil shares that he bought end of last month. If the situation is bad, he should have done the same by disposing it. This shows that he also anticipates potential upside of the share price but may be do not have the holding power for the additional 5.2mil shares . You can see that Tpy is not disposing. So, why worry? Do you think Tpy is stupid to buy substantial shares at 12.5sen and 12 sen during the closed period? Think twice! Pls take note that the best time to buy is when the selling is overdone.

Now, we know the real reason why this counter can't move up previously, ie, big seller of 150mil units. Since the obstruction is cleared now, I believe the turbo charge may be coming soon.

With the good track record of dividend payments, we hope more foreign fund managers will include this counter in their portfolios.

If you are still not convinced of my statement, you can look at the top 30 shareholders in its last annual report. Pls count how many foreign fund holders are there.

Obviously not all foreign funds look at this counter but some do. Anyhow, the foreign funds that flow into over market currently are still relatively small. Most of the big fund managers have not return to our market.

I believe the recent increase is due to foreign fund buying as they are coming back to our market. This is a strong fundamental company with good dividend payment. There is no reason why it will not attract the attention of the foreign fund managers. If you observe the historical movement of this counter, it will move up when the foreign funds flow into the market and move down when they exit our market. Hopefully, the gradual up trend will continue. So, don't simply sell the shares because of the financial predicament of one major shareholders.

S_Speculator, It is not my intention to speculate & mislead but merely sharing of info. If I am wrong, I stand to be corrected as I am not a lawyer. Anyhow, I do not think a prudent businessman wants to be made bankrupt in any of the country as this affects his integrity.

Australia is one of the Commonwealth countries like Malaysia. Therefore, there is reciprocal enforcement of legal action among the commonwealth countries. Financial predicament of P. Kasi is nothing new as most of his shares are pledged to the banks as per the annual report. Market news is he may be scouting for investor for his stake in MK Land via off market deal. However, the deal has not been materialized. Mustapha Kamal also not interested as he and his nominees had controlled the company and I believe there is no further financial capability to take the company private. It is unlikely that P.Kasi will dispose of his shares in the open market unless the Bank force sell it like what happen previously. I believe there are fund managers who are interested in his stake via off market deal but it is a matter of pricing. Probably, nemesis can try to approach P.Kasi to take up his stake.

As I said earlier, this group has great potential. Normally, when the group performs well, the company will make early announcement. That is why this quarter result comes early. As for the property development, there should not be any major concern on the financial aspect as the cash flow is healthy with cash in hand of almost RM65MIL. In addition, the project is fully taken by Angkasa, which the progress payments would be assured from the draw down of the bank facilities granted to Angkasa. Other developers are having challenging time now because of the slow down in the take up rate. However, this is different scenario for this group. Good luck to all that invested in the counter.

As well said by some members, patient is the name of the game.

Anyhow, from my analysis on the company. It has great potential for further upside. It's NTA is 13 sen and with its potential earning from its property arm. I believe it's matter of time when the projects kick-off and the income is recognised, the price will shoot up. Obviously, it will take sometime. If you think of medium to longer term investment, my humble opinion is that this is a good stock for consideration. In addition, I believe with the resignation of tpy from Wintoni, I believe is for him to focus on NG, which has big and great developments in the pipeline.

Transfer of the shares most likely due to full settlement of their margin facilities with the broker. Therefore, the pledge shares are transferred back to the customers. So, they could have made their money from the market recently probably via Wintoni and/or NG.

Treasury share distribution is a form of dividend payment to reward shareholders and at the same time it can support the share price. I do not mind to opt for such reward.

Every year they ask renewal of mandate for share buy back but never exercise it to support the share price. Can someone who used to attend the AGM or EGM question the Directors on this. I would prefer they use the money for dividend payment to support the share price and then distribute the treasury shares to the shareholders annually.

Reason is simple. Syndicates do not like stock with low liquidity. Main shareholders are also out of bullet to increase its shareholding in the company. Most of their shares are charged to the Banks. Both the main shareholders are at semi retirement stage. Therefore, you will not see big fluctuation for this counter.

Crude oil and Dow Jones are up again.

The details of its proposed renounceable right ICPS is already out on Bursa website with scenarios. All of you should read and analyse what is ahead. Do not just invest blindly. Even though you have invested, you must know when to exit.

They have the right not to pay any dividend to ICPS holders. This is qualified in the announcement of the proposal.

Pls read the announcement carefully. Despite the low indicated dividend, there is no assurance that the company will pay the indicated dividend if there is insufficient allocation from the profit. Nevertheless, I believe they will support the price until the issuance of the renounceable right issues of the ICPS. Otherwise, it will not be attractive for the shareholders to subscribe. However, upside is limited. Pls trade cautiously.