How long is the warrant
maturity date? 5 years?

Time Eng gets 2 yrs extension on Trade Fac business. Good news for Censof.

3 important points I see for Redtone to be successful in Teleradiology Hub. 1) That the images be interpreted professionally with multiple expertise opinion from the region, 2)That Redtone must give reliable and efficient HSBB link,3) That Redtone must be able to integrate the various PACS into a common reporting platform (may be DICOM). I can see DICOM can be downloaded for free including training manuals. The radiologist do not have to learn so many system of operations. Like WINDOWS operating system for all. Redtone has the vision, it is the perseverance to walk that entrepreneur path.

With 21.3 mil worth and assuming conversion price of 0.420, another 50.7 mil to be issued.The 1st Tranche will dilute the shareholdings by 60 million.Isnt it better to issue ICULS rather than RCN?

Dont put high hope in Q3 results, the big earnings normally reported in Q4. It will give same dividend like last year only in July.

I hv read a report mentioning that Redtone next big earner is Managed Data Centre Services to the SME.Other companies like Hitech Padu, Vads, CSF grp are already in the mkt with Tier4 and ISO certified.Crumbs can also give 200% increase in their Redtone Data Centre business, so there must be a huge mkt out there.

I thought RCN is 100mil. Checking throu KLSE website only 10 mil converted. So isnt it 90 mil left not converted?

Censof sub Time Eng has moved a little. Anyone can share and its repercussion on Censof?

Let Censof get through the bad patch now. Let the financials flush out its one off acquisition cost on TIME ENG and the effect of RCN shares selling into the market. FY14 March will be the new full year results which is expected to be weak. There will be better news flow in Q3 14.

implication is TP is upgraded to RM 0.88 as per KIBB. Dec is going to be an aggressive turn for Censof.

The RCN Floating CP gave an impression that there are huge share dilution. It is not in the interest of existing shareholders for Censof to drop very much. The Floating CP option is too much in favor of the subscriber. Offering the Fixed CP will do knowing the latent capital appreciation.

Nov 20 LD for MGO. 26th Nov EGM for RCN. Dec turns aggressor.

DTTB award soon.

If subscriber(ACF) thinks that Censof is bullish, it will subscribe at the fixed sub price which is RM 0.6034.(call option) If ACF thinks that Censof is bearish, it can wait for Censof to drop to RM 0.3344 to subcribe (Put option). When Censof needs the money, it will call for the 1st tranche. Surely ACF will take the call option cos the chance of Censof to go northward is higher than it revisiting 0.3344. So you can see it is a win win situation for both Issuer n Subscriber.
As and when more strategic acquisitions and more OBB awards are announced, Censof will call for 2nd, 3rd and 4th tranche. Of course with higher call option price than 0.6034.
ACF is required to sell Censof shares before the next tranche so that it will not be a majority shareholder. There will not be major share dilution especially when Censof price goes up further.
Censof management choice of this form of financing is commendable. Financing cost lessens as the share price goes up.
So guys you should infer what the support level and entry level be.

should read NO worries about huge dilution.

Fixed conversion price is a call option. Floating CP is a put option. So worries about the huge dilution.

RCN circular has information that perplexed me. Censof has used the FLOATING conversion price of 0.3344, so 100 million nominal RCN will be converted to 299+ million of shares. ACF( Subscriber) will surely be one of the majority shareholders. Yet it is stated that it is the right of Censof not to let the subscriber be the majority shareholder. Why would Censof use such a ridiculous low price at 26-29th August 2013 for floating price fixing? Majority shareholders (SAAS Holdings)was dumping the shares then. Any collusion here?

It is only a technical MGO.It is not a bad news. Which rational investor would want to sell at 0.20 while quoted price is 0.27? So come 20th Nov, Censof will own 45+% in TEM and incorporate into Censof fin account. Watch out for Feb 2014 for 31.12.2013 ending quarter for TEM contribution to Censof.

http://www.efxnews.com/story/21556/trading-us-nfp-what-buy-what-sell-5-scenarios-citi

It will take a Great Depression for USA to balance the world economic divide. Re-balancing and the New World Economic is slowly shaping.The real culprit is the fiat money system aided by Rating Agencies. All these economic indicators are massaged figures and just noises.

The big picture for USA is Kicking the Can down the road until all the bubbles popped: State pension bubble, education finance bubble, fraudulent financial institution scandals surfacing, treasuries bubble. Ultimately let hyperinflation to deflate their debts. Another Brenton Woods agreement to restore world order to complete the transfer of power to the EAST.

Hopefully there will not be any charismatic leader who could resonate the economic sufferers for any UPRISING and cause any catastrophic global disaster. Dont imagine the WW1 or WW2 scenarios with much lives being killed. Actually USA ( under GB with Robert Rubin) has already won successfully in using Strong USD policy to buy cheapest things they can get. Conversely using mighty USD with its derivatives gearing, GB has caused Asian financial crisis and win the world over. But Karma has its cause and effect. The Wall Street Bankers connection with Treasuries abused their power and reaped so much golden eggs from their geese (their own Americans)that USA is trapped in quick sand pit.

The new world disorder will be linked to technologies that we are so dependent on nowadays. Imagine a banking system that went berserk and all of your money can disappear through a cyber attack. Can you function without internet? WW3 will be a technological war and not massive destructive nuclear bombs.

Just hypothesis. So guys take it as a like reading.

It is a strong distribution pattern at around 0.640-0.650. Come next week there will be more talks abt Dectaper because of the strong Oct job data from USA . Any talk about QE tapering, EM ( especially ASEAN)stock mkt will suffer cos of pulling out of hot funds. The whole mkt will consolidate and those which have good run up will see more downside. The GST play has already factored in the euphoria and Censof will not be exempted. There will be cheaper price. For those who follow Dali's Murasaki Weekly Market Review, pls dont be too bullish. Economists in USA are talking abt Dectaper and not March 2014. DJIA may have a good show on Friday night, it is going to be a trap if we are too overtly bullish.Watch for what Yellen may say abt the job data.

Short term trader pls be aware of the RSI divergence. Look for further consolidation with weaker volume.Sept Q result will be out soon n I hope it will not disappoint. Technical MGO will be over by 20th Nov and Censof will get a huge jump in its gearing of 0.23x to 1.73x. It will probably take weeks to consolidat

Any idea why the price hike?

Big thing is coming. Time Eng is moving simultaneously.

Buy on rumour sell on fact.Flush out the weak holders and let the institutional big guys hold more.

Ministry of Health, Ministry of International Trade and Industry, and Ministry of Finance to undergo performance evaluation based on Outcome-Based Budgeting (OBB). Cost of RM 100+ million. Juicy for Censof.



Read more: 2014 Budget highlights http://www.btimes.com.my/Current_News/BTIMES/articles/20131025170454/Article/index_html#ixzz2ijQtfn7N

Short term players tend to make excuses and noises to explain the market reaction. Our market is not efficient. There are contra players to make a quick gain or loses. If you think there is VALUE in Censof going forward, then you should at least wait for GST details in 2014 Budget. Govt cannot afford downgrade from the Rating Agencies.

http://www.thesundaily.my/news/861691
HLIB starts to cover and recommend. Ride on fellows as more and more brokerage starts to see the gem in Censof.

Listen to potential Finance Minister, Nasir Razak, then you are certain GST will be tabled in this budget.

Sometimes I doubt what DFM knows what he is talking about. GST surely must be less than 16%. If it is 7% I would be laughing already. The important thing is there must be a timeline given for the implementation of GST so that Censof can get on with it.

The coming budget will table GST. It is well understood that implementation will take 12-18 months. So Ahmad Maslan's statement is self defeating.

Kenanga call a technical buy today.

TO will be completed by year end so we should be looking for RM 0.88 before year end. So 0.61 is not a problem.

RM 2.00 target was for Spritzer not Censof. The article did not give TP but basically it is a report by Kenanga. Inno Pac had a report on Spritzer with TP RM 2.00. Please do not give an impression Censof was recommended at TP of RM 2.00.

Look at the financial fellow investors. Censof despite whatever cronies you want to frame it, it has not a year of losses since IPO. NOVA despite how good the GST technology, why it is still a losing company. Prove to me your financials then I will invest.

NOVAMSC AR is so high. Goodwill is excessive. Sporean major shareholder. Want to get the tender in Msia. Wait till the cows come home lor.

Time acquisition is speedy for Msian standard. This outcome is already planned at the higher level for the award of GST concession and many other finance solution packages in the e government transformation.

Why is everybody worrying about US debt ceiling brinkmanship? The epicenter of quake will be in USA and much less so in Emerging Asia. Lew will probably be flying to Beijing n Tokyo to convince both CBs not to sell US Treasuries. I do not think there will be very much pull out of EA after the first mention. Carry trade fellows had already taken their fright out. Value investing institutions will still see the growth, undervalued currencies and the demographics of huge burgeoning middle income consumers.
EA has been indifferent to the brinkmanship. This budget is a game changer for our public finance. We have the Sporeans, PRC commitments. So guys invest with peace of mind.

What is Censof's vision? Why would they be holding annual global conference on Business Solutions? Isnt this Khazanah's ambition?

KIBB TP of RM 0.610 is conservative. They have not factored in the GST awards. Revenues could come by the 100 millions. Imagine a proprietary saas business model, the margin can be very high. MYEG ,with business coming mainly from JPJ and immigration, is trading at 23x; I cannot see why analysts do not see the gem in Censof.
I like to compare Censof with Bank of Commerce (BOC). In those days when Khazanah cleaned up Bank Bumi (BB) and sold its stake in BB to BOC. It was very clear cut that Khazanah wanted to help BOC.The profitable BOC grew and then merged with CIMB Today I see the same intention of Khazanah making Censof the king maker in the ICT infrastructure (one of the 12 NKEA).
So guys look forward, think of good steady growth with good dividend payout and many bonus issues, you will get fund managers in the beeline.
Dont think of RM 0.61 or RM 0.88. Think of 1000% gain in the next 5 years!!

The warrants are tightly held. "Insiders" are willing to buy at such a high premium indicating the underlying will go to much higher level.

Censof can start integrating with DN for a bigger GST implementation. The saas business model will rack in strong cashflow from FY15. Hope to hear dividend payout policy then.

At the offer price of RM0.20 while market price @ 0.270, MGO will fail anywhere, so a waiver from Bursa is rational. KIBB brought Censof management team to a roadshow in MATRADE CC targetting at HNW clients on the 5.10.13. I could not make it. Anyone can share what Censof management has to say abt its prospect going forward esp the GST contribution.