Is Tabung Haji buying?

WiseEye, you are damn arrogant. I am here just sharing what I know. What's wrong with my statement? It is shown in the latest quarterly report that RM6.716 million before tax and it is mainly contributed from the consolidation of DNEX. The profit attributable to the ordinary equity holder of the parent is RM1.71 million. I agree that it may not be accurate to project the future earning of the company. Business prospect of a company like Censof can change overnight with government contracts. Moreover, the company is still holding 39.22% DNEX shares. Please allow others to share and learn and most may not be as expert as you.

IFCAMSC has already touched RM0.50. It's about for Censof to move up.

Finally, the engine is warming up. Good Luck whoever are on board. Happy trading.

WiseEye, I am not an expert in share market but willing to share my 2 cents worth of my opinion and I am still learning from those experts. I really do not understand what you are talking about. GHLSYS, IFCAMSC and Censof are all under Technology section. Generally called small cap counters. The total Shares of 1) Censof = 433,646,071 shares @RM0.1, 2) GHLSYS = 422,756,491 shares @ RM0.20, 3) IFCAMSC = 450,075,350 shares @ RM0.1. The paid up capital for GHLSYS is about twice Censof and IFCAMSC. In term of Net worth per share of the company in comparison, 1) Censof = RM0.2417 per share @RM0.10, 2) GHLSYS = RM0.388 per share @ RM0.20, 3) IFCAMSC = RM0.12 @RM0.10. In term of gross profit ( not audited) 1) Censof = RM6.716 million last quarter ( April to June), 2) GHLSYS = RM3.557 million (April - June) 3) IFCAMSC = RM3.606 million ( April - June). Please share your opinion so that we can all learn from you.

Closing at RM0.505. Well done. Should be good for tomorrow.

It does not matter whether the company is providing the same business solution or not OR targeting government or private commercial or not, the ultimate value of the company is based on the net worth of the company. The potential growth of the company is important and it is depending on company projection. A good prospect company is always with good PER and high Net worth value of the company. Please do share with us how you choose company for investment.

Even if we compare with GHLSYS, the current price is RM0.975 and the net worth per share IS RM0.388, then the share price of Censof should at least be RM0.60. Whatever angle we are looking at, Censof at RM0.495 is still a very attractive price to buy. Happy trading!

The engine is warming up. This time, Is there enough fuel to drive the train to new height with respectable volume ? Happy Trading!

You have to be a die hard follower of Censof to have the patience to wait. To all die hard follower of Censof, today is over and wait for another day. It could be tomorrow. Happy trading!

The only reason I could think of is another RM5 million of RCN yet to be converted. RM20 million has been converted, so the engine stalls waiting for fuel. Are these converted shares from RCN selling in the open market right now? Then what about to those 10% private placement at more than RM0.535 per share? A lot of ???? indeed. WiseEye, any comment?

Good to close at RM0.495. If the vol. for tomorrow can maintain at RM14 million and close above RM0.50, then may be we can consider that finally the engine is warming up for a long trip to the north. Happy trading!

Better not to break RM0.50 today. Build up foundation at RM0.49. Soft, slow and steady producing far higher result. Happy trading.

The train is moving! Happy trading!

Current DNEX price is at RM0.335, Censof should be trading at RM0.81. Soft is steady with substance. The train may be moving now! Happy trading!

Now IFCAMSC is trading at RM0.355, based on the same ratio of net asset per share, Censof should be trading at RM0.715 and DNEX should be trading at RM0.295. So which counter to buy?

IFCAMSC is now trading at RM0.32-0.325. Net assets per share is RM0.12. Dnex is trading at RM0.32, net asset per share is RM0.1. Censof is trading at RM0.48, net assets per share is RM0.2417. Which one has better value? Definitely Censof.

I thought once DNEX is moving up, Censof will surely move up. Well, DNEX is in consolidate mode at RM0.33. Censof is waiting for something ????

Last chance to buy at RM0.48-RM0.485. Good luck and happy trading!

On 31/7, I said last chance to buy at RM0.305. Congratulation to those who bought. When to sell is a big ? Watch for the mother share, Censof at RM0.48-0.485. May be also last chance to buy at this price. Happy trading!

I was shocked to find out that Datuk Samsul position has been redesignated as Non-exeutive director from previous position as Managing Director. His partner, En.Ameer Bin Shail Mydin has been redesignated as Managing Director. Anyone know what is going on? Is Datuk Samsul moving to Dnex? He is the deputy chairman cum directror for Dnex

Even though It is forming a descending triangle pattern but there are two factors that do not support further downward breakout. First, the Censof has not been in upward rally with strong volumn. Second, The lows were in thin volumn. So it is very likely that someone is controlling the price between RM0.48 - RM0.50. Don't worry. Fundamentally Censof is in strong position. The rally will come when the management is ready.

Patience is Gold in share market. Fundamental is strong, time is the only factor left.

If not last, then for sure not many chances left.

Even IFCAMSC flies from RM0.12 to RM0.28 since June 2014. It's about time for Censof to fly.

Even IFCAMSC flies from RM0.12 to RM0.28 from June till today.

Last chance to buy at RM0.31 - RM0.315.

Is this time for real? Anybody with inside information? We share based on our experience.

There have not been any corporate shareholder in the company such as EPF, Khazanal National Berhad, PNB, Unit Trust funds, Amanah and so on ....If you look at the changes in shareholding, only the MD, En.Samsul bin Husin and Ameer Bin Shaik Mydin under SAAS Global S/B are the main shareholder of the company. This is going to change as new major shareholders are arranged such as 10% private placement and conversion from 25 million RCN. In addtion RM12.5 million fund raised from disposing of DNEX shares reporting to be used for repayment in October shown that En.Samsul is focusing on Censof rather than Dnex. His main intention could be to acquire all the software business from Dnex to Censof and turn Dnex into Oil & Gas sector. On top of that, treating Dnex as an investment apart from the software business. Once the game plan is completed, share price of Censof will move up. Earning will surely improve as more contracts are being awarded from the government as well as from the private. This is just my opinion. Happy trading.

Don't wait anymore. But at RM0.31 otherwise you will regret. Price will probably move on/after 4/8/2014. Good Luck and happy trading.

Quarterly report will be out very soon. With the realized profit of RM3.5 million from disposing 45 million DNEX shares, the quarterly earning should be quite good. It is more important to know what are coming for Censof. More good news and announcements are expected. The share price of Censof has been restraining from moving up for certain reasons. Only BOD of Censof will know. So time is the only factor left. Good luck and happy trading.

One of the Investor buying DNEX shares from Censof is the newly appointed MD of DNEX.

On 22/7, Censof replied the query by Bursa and has provided the details of the sales of 45 million shares of DNex for RM12.5 million. The 45 million DNeX shares was bought by 3 individuals, Mohd Isa bin Ismail, Nik Hamdan B.Daud and Zainal Abidin Jalil in cash. The purpose is to repay bank borrowing in October 2014. Any comments?

45 Million DNEX shares was sold through private arrangement - Not through open market. From that arrangement, we should assume that the price of DNEX and Censof are both monitored and controlled. Only they know when the share price will move north. It does not make sense for them to let the share price fall further down than RM0.48 unless they are so confident that they can move the price as they like. Happy trading.

I am wandering who was buying 45 million of DNEX shares from Censof at an average price of RM0.2777? Censof is making RM3.6 Million from the sales. Anyone knows anything?

Bursamalaysia.com.my. Censof shares for RM5 million notes to be listed tomorrow. Hopefully can convert the remaining RM5 million notes by this week. Good Luck.

Good news. RM 5 million notes has been converted to shares within 1 day. Another RM5 million notes to go that I expect to complete by this week. After that smooth sailing is expected. Last chance for you to grab more Censof shares at RM0.495-0.50. Happy trading.

As group MD, he knew of the announcement for free warrant and he disposed of 3 million shares @ RM0.48 ( not a good price) on 30/6, the last day of the 1st quarter, it would be odd for him to do so unless something bigger is in his plan. Would you agree?

SAAS Global S/B, a holding company of the group MD disposed off 3 million shares @ RM0.48 on 30/6/2014. They used to hold more than 51% of the shares. After the 10% private placement, the 10 million RCMN to shares and with the disposal of the 3 million shares, they are still holding 42.33% shares. It could be arranged for someone to take up the 3 million shares for a purpose that we do not know. As you all know, the hope of getting contracts from government for the implementation of GST needs $$$$$. So good or bad news? take your pick.

This is indeed a strong announcement. Free warrants-B 1 for 4 existing at RM0.46 exercise price. Same as Warants-A. Now the warants-A share price is at RM0.295 divided by 4 = RM0.07375. Therefore, Censof should gain by at least RM0.07 without taking any other factors into consideration. Is my logic make sense?

Wiseeye, you are right. Those who still hold another RM15 million under RCMN, must decide to convert from notes to shares. On the other hand, Censof share price will move up, making it more expensive to convert if they still take their sweet time. But, I think there is bigger thing to come for Censof. Just wait for more good news. At RM0.5, Censof is a bergain. Don't miss the boat. The engine is just warming up. Good luck and happy trading.

Agreed - sure win at RM0.42 but do you have chance to buy at that price? More GST counters are starting to push their share prices up. For the past 1 week, share price of IFCAMSC is moving up. RM0.48 is already cheap. Don't miss the boat.

The 25 million Ringgit under Trench 1 of 100 million notes was part of the fund used to acquire 45.3% of DNEX (previously Time Engineering). Even all 25 million notes are converted to Censof shares, it is the money well spent. Why? Censof is paying only RM0.2 per DNEX share. The current DNEX share price is RM0.305. There is paper gain of over RM35 million. Every RM0.01 of DNEX share gain, RM3.5 million paper gain for Censof. So no debt but correctly said dilute the censof share.

No. The directors are dealing with big corporation. Still have 15 million to convert from note into shares. So wait till they finish converting. I believe that other corporations are also looking at the opportunity. Hopefully, EPF can come in to invest in the company.

http://klse.i3investor.com/blogs/kenangaresearch/54137.jsp

http://klse.i3investor.com/blogs/kenangaresearch/54137.jsp

The remaining 75 million redeemable convertible medium note may be useful for the DNEX Right issue of about 210 million under Censof if the proposal is approved. Then Censof needs to pay about RM44 million. So far, the management of Censof has planned and work out all the future financial requirement of Censof. It should be smooth sailing as the company's plan falls into place. By then the company will have good harvest. Happy trading.

Just to inform that so far only RM25 million of Trench 1 has been taken up under 100 million redeemable convertible medium note. 9.85 million has been converted under Trench 1. The remaining15.15 million has yet to be converted. The Management of Censof has the right NOT to take up the remaining RM75 million under Trench 2,3 & 4 unless they need the money. In my opinion, the sooner the remaining15.15 million note to be converted into Censof shares, the earlier, the share price of Censof will move up. It seems like they are controlling the share price of Censof at the moment so that more Censof shares could be converted for the remaining 15.15 million note. Good Luck and happy trading.

Let's talk about Censof. Censof is currently owns 45.3% of DNEX. After the acquisition of the O&G company by DNEX, Censof still owns 33.1% of DNEX but to pay approximately RM44.23 million to take up Rights issue of 210 million of DNEX shares. But, DNEX may become O&G counter after the acquisition. You could notice from the announcement that DNEX has appointed Zainal Abidin bin Abd Jalil as Managing Dircetor of DNEX. He is someone who is very experience in O&G sector. ( Ex Malakoff Corporation Berhad, 28 years experience in ExxonMobil). It is very likely that Censof and DNEX will be restructured so that DNEX is concentrate in O&G sector and Censof will concentrate in software business. For long term, Censof will grow into billion Ringgit company like Malakoff. Censof is currently in the right sectors ( i.e Software and into O&G soon). Good Luck!

My logic is based on facts as follows:- DNEX 1st quarter PAT is estimated at RM2 million x 4 quarters = RM8 million. After acquisition, the total DNEX shares should be 775 million + 911 million = 1686 million shares. The combined projected PAT for DNEX as a group = RM8 million + RM30 million = RM38 million. Assuming DNEX share price at RM0.31, the projected PER should be 13.75x, which is much better than the average of 22x. Should DNEX PER at 22x, the share price for DNEX should be 0.496 per share (about RM0.5). That is why the warranty is exercise at RM0.5 per share. Pick your choice - to sell or to buy?