It is only into 1 month of Autumn. I hope not hibernating till the coming of spring.

Chances is 50:50. It depends on what position, the operator in. Push to dump or already dump or to maintain for the Note holder to convert based on 80% of the share price. Take your pick.

May be RM0.115- RM0.125 is the peak already.

For the past 7 trading days excluding today, the total transaction vol is 872 million shares (68.5% of total shares). Today transaction col of 45+ million is very low. What is going on?

Assuming if " they collect since 5/2016, almost 80-90% of the total shares ( 1272 million) should be in their hands to manipulate the price up. Then skyrocketing is possible Good Luck.

curious2, how do you know Dato Richard bought again last 2 days? No announcement ?

Wayang kah? bought >18 million shares @RM0.115 also can not push through.

Very likely from Censof.

Habis Wayang Kah?

From 0.055 to 0.10 is already increased by >80%. NTA is RM0.08. How much more upside? I knew of many fingers burnt out of recognition because of capital reduction. Good luck.

thegoldeneyes007, What about comparing to Hibiscus? Since it is also O&G counter.

Tomorrow is T3 for 76.8 million shares transaction. More selling pressure is expected. Only the Master decides what price to support. Good luck.

isupertrader, agreed. I know some of the Sifu(s) have all the information at their fingertip, Just want to listen to their opinions and make my own decision. I have already bought some and thinking whether it is worthwhile to invest some more or spread my investment to other counters

I thought, the real push was on when the vol reached 127.5 million on 20/9 but it dropped down to 88 million on 21/9. The direction will be clear by this friday whether they are going to support the price @ RM0.27-RM0.28.

Please cool down. Our intention is to make money. All the Sifu(s) here, please help to answer my questions. I am also a investor. Thanks

I managed to find out that Ping secured 50% interest in Avalon oilfield and 20% interest in Ranger Exploration Well as announced in April 2017. Indirectly DNeX owes 15% & 6% of those oilfield. I am trying to compare the prospect of DNeX against hibiscus. Appreciate if sifu(s) here can help to explain.

DNeX owes 30% of Ping and Ping owes 50% of Anasuria Cluster. Indirectly DNeX owes 15% of Anasuria Cluster. On the other hand, Hisbiscus owes direct 50% of Anasuria. Please explain the prospect of DNeX over Hisbiscus. Thanks.

Can Sifu(s) here explaining the prospects of DNeX as compared to Hibiscus?

Someone big is dumping DNeX-WD.

l hope the time is near and it is going to turn a fly to a dragon. Is Ivy still around?

Depeche, Thanks. Are you buying DNeX at this low price?

The announcement on dividend is quite confusing. Does it include today for the entitlement of dividend? It said inclusive of both dates. Can some sifu clarify?

Ivy, What is the inside information now? I am still hoping for a dragon rather than an insect.

I am happy with RM0.5 & RM0.25. Any extra is a bonus for today. Foundation base must be strong enough to reach higher and further. Happy trading.

Depeche, Management & Sharks know whether QR2 is good or bad. We are in the dark and we try to guess their strategy.

acadi, correct if I am wrong. Your expected net profit/year = RM32.192 million / 1096 million shares x the current price RM0.375 = PE ratio should be 12.7. As you mentioned, the standard PE ratio should be 12. So the current price of RM0.375 is not cheap but ok. Right?

When is the next QR to be announced?

Expected to open @ 0.49 & 0.25.

Depeche, when is QR2 to be announced?

What about outstanding USD44 million owing to MIE? Reach is short of fund, right? Is the management going to propose right issue? The private placement to raise RM180 million has just been terminated. Please comment.

TheContrarian, you mean 20 million shares force selling on Reach shares?

TheContrarian, please explain the force sell of 20 million shares. Thanks

Honestly speaking, Censof is very much under value. Just being ( 314 million shares) shareholder of DNeX @ RM0.5 is already worth = 314 million x RM0.5 = RM 157 million / 501 million shares = RM0.3133 per share. Now the share is trading at RM0.285. It is crazy.

If margin call is the reason, it will take at least 6-7 trading days to normalize. Good luck.

Chang206, it will be cheaper to buy Censof to owe DNeX if DNeX is pushing up to let say RM0.7. @RM0.7 of 314 million shares = RM219.8 million. Then, the management of Censof can either choose whatever price they feel they deserve to get. Then, Who would push DNeX since Censof is waiting to sell?

fyi, DNeX is a RM350 million company as compared to Censof RM50 million. But Censof holds 314 million shares in DNeX. The best solution is to merge the two companies, otherwise someone has to buy 314 million shares from Censof at a cheaper price. If that is the case, then share price of DNeX will continue to drop. Please comment.

Whether you like it or not, Censof owes 314 million DNeX's shares. If DNeX does not acquire Censof, DNeX is forever carryring Censof as a burden baggage. with every 1.6 cent increase in DNeX share price, the value of Censof's share will increase by 1 cent. That is why wnenever DNeX moves, Censof will have to move. This is my personal opinion.

Censof is still the 2nd biggest shareholder of DNeX holding 314 million shares. Either they push Censof share's price up or push DNeX share price down and apparently they choose to push DNeX down to create the balance in their share's value. That is why censof share's price still at RM0.31. This is my personal opinion. I could be wrong.

I am out already. for both DNeX & Censof.

Never try to catch a falling knife.

I hope the support @RM0.545 & @RM0.26 are strong. IF the support level is broken this afternoon, then all hope is diminishing on 2nd quarter.

What is the support level for DNeX & DNeX-Wd? My fear becomes very real now on 2nd quarter.

It is not looking good when share price continues to drop with small transaction vol. I fear for the worst on 2nd quarter financial report.

Is RM0.55 read enough for you to collect?

I am new here. Why do you expect force sell of 20 million shares?

very_goat, I agree with your PER projection of 15x. This could be the reason why the price keeps dropping. Any recommendation with better PER?

Censof will not move alone without DNeX. It is very clear to me that Censof has to become IT arm of DNeX. To do that the mother "Censof" has to merge with the son "DNeX" to become one entity. I am hopeful of that.

It is the same as taking it to be private ( out of Bursa). One way to do that is to exchange Censof's shares with DNeX's shares. It will benefit both companies since Censof has already owe 314 million DNeX's shares. This is just my hunch.

Something is not right. Either the acquisition or the 2nd quarter result or both affecting the downturn sentiment. We the loyal investors may need to wait for some time unless otherwise.

The selling pressure is building up. Why?