>>>>>>
Good123 NAV 45.67sen, current price 13sen, less than 1/3. :)
23/10/2020 9:38 AM

Good123 Price / NAV
Price/Net Asset Value (Price/NAV)
[Also known as Market/Book Value]

Price/NAV measures the market valuation of a company's assets relative to their book values.

Price/NAV is usually lower for companies in capital-intensive industries in view of their relatively huge fixed assets investment outlay and is most appropriate for valuing companies with considerable non-current physical assets which are subject to annual revaluation or are marked-to-market for the cash flows that they will generate. Value investors seek companies trading at a discount to their NAV as a margin of safety for their investments.
23/10/2020 9:41 AM
>>>>>>>



Good123

Because I am in a generous mood this morning, I wish to share with Good123 some of the problems with just looking at P/E, P/B, P/Sales or P/FCF on its own. You have to look at the bigger picture of the company.

If this is a great company having good quality earnings which throws out a lot of operating cash flow and after some capex generates a lot of Free cash flow; then if its P/B is less than 1, you should be very tempted. Quickly analyse it and you may be acquiring a great company at a bargain.

On the other hand, if you have a gruesome company, running losses with negative operating cash flow and large capex or R&D expenses and with no FCF and large negative FCF, then if its P/B is < 1, you better be more careful in your analysis. It maybe a bargain. Often it is a value trap. Its low P/B is just that, it is appropriately priced. Soon, you will find its NAV disappearing and the company returning to the shareholders for more cash to beef up their equity.

NetX is a company bleeding cash, large quantity yearly.

Good luck.


Regards


3iii




Let us learn from the mistakes of others.

>>>>>>
Posted by stockraider > Oct 23, 2020 8:26 AM | Report Abuse

The way u think is like sohai loh...!!

Put it this way mah...if everybody lose monies on NETX...that means no one is cheating anybody...that means they are doing genuine business loh..!!

>>>>>>>



SC should study this company's fund raising activities. Monitor its activity and its related sister companies to ensure the function of the capital market is respected.

>>>>>>

Posted by calvintaneng > Oct 23, 2020 8:23 AM | Report Abuse

Very good morning all

Tesla excelled due to disruptive technology

So is NetX

>>>>>>>


conman calvin should be kind and realistic.

Good123 - stay with Quality. Learn from the mistakes of others.

>>>>>

stockraider Investing in Netx successfully the criteria is not only must be panlai like raider but also have a calm steady mind loh!.

U all need to understand the Insiders strategy need to scare the shit out of u all mah...!!

It is all according to plan loh...!!


>>>>>{



Asking his followers to buy at 2 sen (50 sen post consolidation) and now its price is 13 sen. According to dishonest raider's plan. :-)

>>>>>

Smart2Win What scenery said is right. In July, esos & pp at 1 cent. Then pushed to 2 cents, JUly to Sept and they already sold those days at 100% profits. Now is October, they scam investors by right issues. I suspect the excess rights are all taken by naïve investors; so far no announcement whether oversubscribed; not surprise it is undersubscribed.
22/10/2020 4:30 PM

>>>>>>>



Should be more transparent.

SC should just take a look at this.

>>>>>>

stockraider The key is still this loh..!

Remember this mah...!

If netx maintain at 13 sen raider will still make good monies mah...!!

>>>>>{{


dishonest indeed. So modest. Telling his followers this is a multibagger counter. dishonest raider has such a small quantity in the game and mislead many of his followers.

07 Jul 2020 Acquired
1,000,000 MR TAN SIK EEK

07 Jul 2020 Acquired
1,000,000 MR YONG KET INN



dishonest raider and conman calvin asked everyone to buy. Given what we know now, the insiders were smarter. Bought only RM 10,000 each (1 m shares or 40,000 shares post consolidation).

>>>{{{


stockraider Where got leh ??

The directors already put more than Rm 60m into Netx this year mah..!!

>>>>>>


Lies again.

2 directors bought non meaningful number of shares so that their names can be in the prospectus for the right sissue.

>>>>>>

Smart2Win Next directors won't bother if it slides down now; bcos they already have ten of millions from naïve shareholders to pay their salaries, perks, holiday oversea (hug K-girls like some airline boss), etc for the next 2 -3 years.
22/10/2020 3:25 PM

>>>>>>>



Post RI, the prices generally correct downwards.

>>>>>>
stockraider If u jump into Klang river u die or not leh ??

No if if lah...!!

If ?


>>>>>{>


raider please don't jump. ah far from Selayang will always help you with a job.

>>>>>>

Sslee Haha if Raider sold his oroginal Rm 5k on Netx ordinary share at 1 sen at today price of 12.5 cents he will only lost RM 2,500.
Now he had to pray very hard how much more he going to lose?

>>>>>{{



Only RM 5,000 and raider spent so much time in Netx. No wonder KYY laughed at dishonest raider and saw through him.

How much money was raised through recent RI?
What is the outstanding ordinary shares, post RI?
What is the market cap of Netx today?



I opine the share price can still drop by half or more.
22/10/2020 1:08 PM

Be careful.

conman spins a good story.

Using the NFCP, he promoted Netx. Today, he is rarely seen in Netx, staying away from embarrassment as everyone can see him swimming naked. He sold 10 houses and is among the Top 30 shareholders in Netx. Soon he will be begging with a bowl for help.




We are learning from your performance.

>>>>>

Posted by sweng88 > Oct 22, 2020 11:06 AM | Report Abuse

@ Jaynetan , hi ,nice to see you here,how do you think abt Kgroup,is it worth to subcribe the right?Thanks

>>>>>>>


http://myinvestingnotes.blogspot.com/2010/01/some-rights-issues-are-good-others-can.html?m=1

Some rights issues are good, others can be very bad



Sharing this article to help you in your quest.

>>>>>>

stockraider Already well documented Raider cost is 1 sen mah...!!

Pls check back lah...!!

>>>>>>>



All documented in this thread. dishonest again. raider asked everyone to buy at 2 sen. Yes he continued to ask everyone to buy as its price drops.


(Then dishonest raider declared to everyone he only bought RM 5,000 worth ofmother share. At least conman calvin is more credible.) :-)

How to have a good deal with a dishonest person. Stay away. Choose your friends carefully. Choose those with character traits you admire and learn from them.

Regards

It is wonderful to see i3 website increasingly able to attract advertisements from good to great companies. (clap)

The paths to hell are paved with huge attractions and temptations.

raider is not only dishonest but stupid too. conman calvin is smarter. Rather than defending the indefensible, conman calvin has left this counter, absorbing his losses and admitting his wrong, and walk away from further embarassments.

dishonest raider asked everyone to buy at 2 sen per share (50 sen post consolidation). raider should be put on a pedestal. :-)

Ignore dishonest raider. We have little control of others but have full control of ourselves. Stay high while some choose to stay low.


For the whole year, conman calvin shared with everyone in this thread he is among the Top 30 shareholders in Netx. Did he make a lot of money in Netx to date?

dishonest raider should cool off in Tibet.

Be careful.

conman spins a good story.

Using the NFCP, he promoted Netx. Today, he is rarely seen in Netx, staying away from embarrassment as everyone can see him swimming naked. He sold 10 houses and is among the Top30 shareholders in Netx. Soon he will be begging with a bowl for hwlp.

For Naim, he uses the return of your caputal to promote the stock. Be careful. A company paid Rm 1.70 one year after it sold its land. Post dividend its share price adjusted downward RM 1.70 by the same amount.

>>>>>>

Posted by Good123 > Oct 22, 2020 8:41 AM | Report Abuse

share consolidation is a mistake, before share consolidation 1-.1.5sen (25-37.5sen).

>>>>>>


Good123 is from planet Mars. Very innocent but more probably, very ignorant.

Share consolidation was inevitable. It was obvious to Charles T from the first post of conman calvin.

Huge upsurge in cases in Europe and North America. Vaccine will probably be approved in Nov/Dec. Initial group vaccinated will be small. Widespread use of vaccine will be in 2nd quarter of 2021.

Just like influenza, vaccine may protect. How long and how effective are still unknown? Still need to take all the present precautions: wash hand, social distancing and wearing mask.

Be careful.

You will never learn the real truth from conman calvin.

>>>>>

Mikecyc haha poor raider .. will be getting poorer ...
22/10/2020 8:00 AM

>>>>>>


dishonest raider boastful. kaki kong kaki song. His conman partner mento is smarter, staying away from the obvious. :-) :-)

Dishonest raider continues his lies.

conman calvin looks more saintly in comparison. :-)

Don't waste too much time here except to point out the obvious.

We know who are the patsies in Netx.


Good morning.

conman calvin looks "saintly" standing beside dishonest raider. :-)

Dishonest raider cannot be trusted. Pity his w---- trying to raise their kids to be respected members of society.

>>>>>

Good123 netx is probably the cheapest tech stock based on p/b value in malaysia :)

>>>>>>


Explainable. Also the most gruesome tech stock.

Dishonest raider is so fake. :-)

>>>>>>

U should fuck them off b4 these sohai destroyed all your hard earned wealth loh....!!


>>>>>>>>




Followers of dishonest raider. Who has destroyed your hard earned money? :-)

Good123

Growth can be good. Growth can be bad. Think this through.

In general, organic growth is safer and more certain.

Growth through acquisitions can be tricky. Often the desired outcomes are not realised.




Have a great day.


3iii

QVM

Quality first, then Price

Always ensure Quality and Management criterias are met.

If not, discard the stock and don't even waste time on its valuation.

Your time is better spent on finding another stock.

Always look at RISKS first, then the potential reward.

Below captures an example to illustrate all the above points.



NETX

If only conman calvin and dishonest raider have been honest and truthful, they would not be swimming naked in Netx today. Scenery, Mikecyc and 3iii have all kindly highlighted the risks in this company.

Pride, stupidity and greed have blinded conman calvin and dishonest raider. Looking at these duo's posts, they are deplorable indeed. Are they kidding?

Their followers have evaporated and walked away with losses and shame. Shame because many participated in deleting the posts that were posted by the naysayers to warn them of the risks in this stock.

God forgives but the stock market can be most unforgiving. Stripped naked maybe painful but hopefully learning some valuable lessons will place them better to handle their next stock investment.


Good morning to all.

3iii

If only conman calvin and dishonest raider have been honest and truthful, they would not be swimming naked in Netx today. Scenery, Mikecyc and 3iii have all kindly highlighted the risks in this company.

Pride, stupidity and greed have blinded conman calvin and dishonest raider. Looking at these duo's posts, they are deplorable indeed. Are they kidding?

Their followers have evaporated and walked away with losses and shame. Shame because many participated in deleting the posts that were posted by the naysayers to warn them of the risks in this stock.

God forgives but the stock market can be most unforgiving. Stripped naked maybe painful but hopefully learning some valuable lessons will place them better to handle their next stock investment.


Good morning to all.

3iii

>>>>>>
nagachan This is a con stock
20/10/2020 8:47 AM
>>>>>>



Clever and simple summary. (clap)

>>>>>>


scenery The problem with Netx is not bec of economy, is bec its management is only interested in printing shares to cash out from the public. Good economy or bad economy they also lose money.

they record last Q is from pumping MLAB unrealised profit, but MLAB share price drop to 3.5 cts already so their profit erase in this Q if they not sold.


>>>>>>{




scenery Thanks for highlighting and guiding many on the facts of this company Netx. We are fed lies and hypes by conman calvin and dishonest raider throughout this 1 year. Yes, the revenues of this company has shrunk and virtually close to nil. Given its huge operating expenses, including R&D costs, its operating losses have been massive. The latest reported quarter, Netx reported a positive earning. Not surprisingly, conman and dishonest hyped this. Of course, they did not reveal the whole truth like you do.

Great learning lesson: earnings can be easily manipulated. It is an accounting figure. Operating losses, that is, core business still losing money. Due to other income (one off accounting adjustment , non recurring, and non sustainable), it reported a positive earning. The smarter investor or the honest investor, always go deeper to uncover the whole story. Always use normalised earnings (that is adjust the reported earnings for non recurring incomes), look at the operating profit generated by the core business and its operating cash flow and always the free cash flow. Free cash flow is owner's earnings: this should be positive and growing, preferably.


Good morning to all, including those who maybe losing their pants again. Usually the price will drop once the bonus and rights exercise are completed. Usually the case because the insiders have to hype the mother share prices to sell the rights with the warrant as a teaser. You cannot create true wealth from these exercises, though some who are not knowledgeable like Good123 continues to post their ignorance.

The true wealth is created when the company adds value to the products and services they sell or provide to their customers. To date the businesses of Netx are gruesome and its management sucks. Avoid such companies at ANY PRICE. This has kept my investing very safe and profitable: staying with great companies for the long term and being rewarded through their growing earning power over many years. Only gamblers, who hope to make a quick buck from suckers (thus their incessant promoting) , confuse their gambling with investing; you know who they are here.


:-)

>>>

calvintaneng All so clever now left here

Dumb 3iii dlady continue down and down

Shootup now shutup for good

Mikecyc has run to hide in forest

Netx shall do very well

>>>>{


The cleverest is conman calvin

conman calvin, dishonest raider and a few remnant followers have lost their pants in Netx

They have all lost at least 60% of their invested capital in Netx.

Shamelessly, conman calvin writes above just to feel good inside.

How to hide the truth

All of them are starked naked.



We pray for them.:-)

newbie8080 I like what you wrote. Very sound knowledge. What you shared is true. You can build wealth without having to excite others to play up the prices of your counter. Focus on the long term earning powers of your companies.

Netx

Summary

Risk factors


You should consider the following risk factors before subscribing for or investing in the Rights Issue with Warrants:-

(a) the Group has been incurring losses since FYE 30 June 2018 and there is no assurance it is able to turnaround its financial performance in the near term;

(b) the Group faces stiff competition from other similar service providers;

(c) due to the rapid changes in technology, the Group's performance is dependent on its ability to continuously innovate and upgrade its applications, systems, software
and infrastructure in a timely manner to ensure that the Group's products remain relevant to its customers;

(d) the Group's products and services are exposed to cyber security risk; and

(e) the COVID-19 pandemic has resulted in adverse impact to the performance of the world's economies including Malaysia. Consumer sentiment is expected to remain dampened in the near future as consumers stay cautious in their spending and this may adversely affect the Group's business.






An easy decision. Sell or avoid. But it can be difficult for those already inside to cut loss. Just like gambling, they borrow and bet again hoping to break even. Alas the odds are not in their favour.

>>>>

Good123 A 投资者 持有 2,000 股 NETX，那么他将会获得 6,000 股 NETX-OR（可以让你认购母股的 OR，每股的认购价格则是在 RM 0.130），并且在认购后你将会获得 3,000 股免费的 Warrant，相信这次会是 NETX-WC，而转换价格则是 RM 0.130..


>>>>>>


Translated:


The investor holds 2,000 shares of NETX, then he will get 6,000 shares of NETX-OR (which allows you to subscribe for the OR of the parent stock, and the subscription price per share is RM 0.130), and you will get 3,000 shares after the subscription The free Warrant, I believe it will be NETX-WC this time, and the conversion price is RM 0.130..



In general, Investor A will get 6,000 shares of NETX-OR (the investment amount is RM 780) that can buy the parent stock at RM 0.130. NETX-WC is free; however, if you want to convert, it is also RM 0.130 (the conversion office). The amount of investment is RM 390).



After investing this amount, Investor A is expected to have 11,000 shares of NETX in hand (2,000 shares of 6,000 shares originally held by rights shares and 3,000 shares converted by WC)



However, can Investor B choose to do nothing? Yes, but the stock price will still be diluted. The current market value of the company is about RM 48 Million, and the outstanding shares are 209,830,435 shares. After the rights issue, it can be increased to 839,322,031 shares (this is before the WC conversion). Will it fall? Ha ha



That’s right, NETX originally planned to integrate 50 shares into 1 share, but the plan was changed later; and the funds they collected will be mainly used to develop their ....

https://myinvestingnotes.blogspot.com/2017/04/industry-life-cycle-analysis.html?m=1

Industry Life-Cycle Analysis

>>>>>

Sslee By the way sting79 stockraider do not have so much money to subscribe for 1.5 million Netx RI. He only likes to bet 5 thousand on OR 0.5 cents and sell at 1 cents.
18/10/2020 8:33 PM

>>>>


Probably true. I told you the time when raider proclaimed he bought a large quantity of a certain stock (for reasons best known to himself) and when my friend, SimpleSoul called him out a liar, as on that day, the number of shares traded for that company was much smaller.

conman calvin is a Singaporean with small feet in big shoes. dishonest conman probably tells everyone he wears a condom meant for a horse.

-)

Investing into Netx today is pure speculating. Unlike a startup, Netx has struggled for a decade or more with little to show.


A good investor will be patient. The better time to invest is not now.

Company Life Cycle


Broadly speaking, companies progress through a predictable series of phases called the company life cycle.

The life cycle starts with the startup phase, moves into the rapid growth phase, followed by the maturity phase, and finally the last phase is decline.

The duration of the individual stages varies widely across industries and differs between individual companies.

The phases differ in terms of characteristics related to profitability and financing needs.


Stages of the Company Lifecycle

The startup phase is the first phase in the company life cycle. Companies in this stage are typically losing money, developing products, and struggling to secure a position in the marketplace.

The next phase in the company life cycle is the rapid growth phase. In this phase the company begins to generate profits. This phase is also characterized by rapid expansion and an increased need for and dependence upon outside financing to sustain the rapid growth.

The third phase is maturity. In this phase growth and expansion slow and the need for outside sources of capital subsides. The company is generating enough profits and cash flows to invest in all available projects.

The final stage is decline. During this phase the company remains profitable but sales decline. The company has more cash than it needs for all available corporate projects.

Company Life Cycle Phases

1. Startup
2. Rapid Growth
3. Maturity
4. Decline

>>>>>

FINTEC/ASIABIO FIRST BOUGHT NETX AT 7 SEN AND HOLDING UNTIL NOW


>>>>>>



conman calvin

Did Fintec pay 7sen in past and this means, RM 1.75 today after consolidation?

Why not wait until they have proven themselves first? Follow Peter Lynch.

http://myinvestingnotes.blogspot.com/2010/03/xinquan.html?m=1


My comment on Xingquan in 2010

Comment:

This is yet another recent IPO. I am wondering why 'anonymous' likes IPOs.

Given its short history, one will not be able to assess with confidence the quality of this company. Moreover, the integrity of the management is unknown and yet to be proven. In the absence of a track-record, those wishing to buy into this stock should treat this more a speculation rather than an investment as defined by Benjamin Graham.

An additional note on valuing this stock. When the price of a stock is low, all the valuations matrix look very 'beautiful'. This is something one should beware and take note of.

Always invest into quality company and a good management. In the absence of these, move on to another stock; don't even bother to value the stock.

Xingquan is a stock which I have discussed in past. Will never touch this stock. Having failed my quality and management criterias, I moved on. Didn't even bother with its valuation. Why waste time whichbis better spent on another prospect.