It’s not an AGM

Pecca, in a few words, have balls. Double dividends every year. SBBs frequently. How many PLCs do that?

Pls remember original agreement with Microsoft was for 3 years starting in Sep 2017 and to end next month

Yes, MLA is agreement between Presbhd and GOM. Presbhd is sole distributor and project manager for GOM

We'll have to wait for result of EGM this afternoon. Be patient. They're working on it

I'm trying to get clarification from Presbhd about Microsoft announcement

Hi all, I bought some time back but I’m not that familiar with the i3 crowd here. Who the heck is this khatulistiwa dude?

The whole vaccine landscape is totally politically-influenced. I don’t find it hard to believe a company working on a vaccine for a virus that, erm, “originated” from its country is just silently working on it and its country is also just silent. Certain other vaccine companies are “promoted” for a reason imvho... but we shall see

Profit taking by big local institutional funds is “business”. They trade on counters where they are major shareholders. They have a system where they bought a tranche this-date and they sell on that-date and it keeps on going and going and going. Retailers can’t keep up bcoz retailers cannot afford to. It’s just the way it is

It’s not tangled, vespa. It’s called protectionism and profitism. It’s also called in a limited way “trying to short a stock” (since shorting is banned in Bursa for now). That’s what Macquarie did with TG; they can’t short it in the system so they try to short it with their “analyst report” recently

Many retailers are trying to short stocks here via comments. It’s just the way it has always been in forums...

I think a lotta folks will be watching Top Glove’s QR result closely this coming Thurs. Specifically TG’s Q-on-Q comparison. The QoQ result will most likely affect all other glove counters’ investors/traders reaction. I don’t know if they’ll announce after 5pm Thurs or during the day so either Thurs or Fri will be influential for all glove counter investors/traders imho

I think investors look at things on 2 fronts ; consistent dividends (long term) and trading shares of whatever counters (regular short term). The Big 4 consistently pay out dividends twice a year. The smaller players just don’t quite have the cash.

It is entirely up to everyone to decide what their strategy is. Mine is as per my first sentence above.

Well said Warn3r... *applause*

Don’t look down on retailers, retailers bought more than foreign funds this week. It’s the MY funds that sold a lot this week

Lotsa retailers unloading understandably and fund managers are just watching things unfold, holding tight and (hopefully) take action next month. I told my remisier early last week it will be red this month or go sideways at best until end of the month. Oct will be interesting

Lee_m2020, Pres has a legal case against GOM for SKIN which is basically the NIIS. You think Pres will join any such so-called “alliance” even if such a thing is being planned? Pres already told me...

Just let Pres focus on their main revenue drivers ( which I already mentioned here)

Affin Hwang/CIMB sold on Mon, not yesterday

Be careful about Heitech. Research PNB’s past and present shareholding.....

Quote/

cicakman anthony, then why you are not sharing very very much earlier when it was still low & why now?
09/09/2020 1:40 PM
/quote

As revealed by me in my earlier posts, I first made contact with Presbhd very late last year. I approached them with a specific proposal that can help them financially (since they were in trouble). They agreed to proceed.

I then added them to my stock watchlist. I wasn’t interested then coz their chart wasn’t, well, interesting.

I continued to work on the project they agreed with me while I monitored their share price. The latter is important for the project I was working on with them

Then MCO started in March

On 8th April this year, my technical indicators showed strong signal ie. EMA7 crossed above EMA21 with volume spike. I went in. I continued to work on that specific project

I have already mentioned in a previous comment here on 3/9 that their share price was “perfect for me”. I collected more tickets the following day 4/9 (I think I posted this as well), the same day Affin Hwang collected more

I decided to post the stuff I did this week here simply because of my 2 vested interests in Presbhd; I didn’t think many here are privy to certain things about Presbhd that I know, I was concerned about it’s decline in share price over the past few trading days and its share price matters to me personally for the 2 reasons I mentioned.

FYI a GLC was interested in investing Presbhd while I as working on the project I mentioned. This was during the MCO which made things harder. It is now on hold due to what I describe as “statutory red tape and the usual slow Govt actions” on a specific topic. I’ll leave it at that

Pastihuat, I’ve shared the most relevant details here esp regarding what Presbhd is doing after getting screwed by TunM, their focus now (check announcement yest, founder novated holdings to a company he completely owns). The only thing I didn’t post is the shareholders spread which the public can check since it’s made available freely and if you have time do your research (summary : substl shareholders are Areca, Affin Hwang and KWAP... around 30% for these 3 last time I checked). This point perhaps can be important because the majority of “others” shareholding in their IR presentation doc represent about 60% of shareholding. “Others” means folks like me and others here ie the public/retailers

It’s up to all of you

The Guidance/Outlook provided by Presbhd in the aforesaid IR Presentation document :

1) There is now no more carrying cost for SKIN project and Presbhd is focussing on growing its profitable Software & Services biz bwith GOM beyond existing clients (Microsoft, Amazon, Adobe, Google) with wider product and service offerings in the Cloud, Cyber
Security & Application Development
2) The Software & Services with the GOM continues to be the core driver in delivering good results for the Presbhd. This segment recorded an increase in revenue by 47% at RM63.4 million for the 6 months ended 31 Dec 2019 as compared to the corresponding 6 months period to 31 December 2018 of RM43.0 million
3) Growing the Talent, Training and ReSkilling, and Change Management
businesses in line with IR4.0 drive by GOM

If I can say so and take some small personal pride, Presbhd actually only came up with the IR Presentation document after I had requested them to do it because I needed it for my marketing purposes/pitching deck regarding the specific matter I'm working on with Presbhd

10) Read all material litigation/others in Presbhd official announcements regarding legal case against GOM. I personally do not care much about the compensation quantum

6) Presbhd is the appointed sole distributor and project manager for GOM under a Master Licensing Agreement (“MLA”). MLA is now into its 3rd iteration dubbed “MLA3.0” by Presbhd
7) Key revenue drivers for Presbhd current and moving forwards : Adobe Creative Cloud, AWS Academy/Amazon, Google
8) Presbhd had a market cap of RM1 Billion prior to SKIN project being pulled
9) To repeat regarding SKIN project : Presbhd did not default. It was terminated by TunM back then due to expropriation (yes, please look up the word coz I had to myself

1) A FTSE4Good Bursa constituent (as at time of PDF)
2) RM1.433 Billion revenue 2004-2019
3) Shariah-compliant
4) Profitable but dwindling since 2012. 2017 realised a loss due to pre-op cost write-down due to SKIN project awarded
5) 2019 comparatively “big” loss due to SKIN project pulled by TunM after The Old Man took over in 2018. Reason given was “too costly” but IMVHO it has to do with TunM solely going against his predecessor (for substantially large projects)

Presbhd gave me their IR Presentation doc (PDF) during MCO. I had signed an NDA late last year with them and an appointment letter was given to me to work on one specific matter

The facts about Presbhd based on the PDF :

quote :
Ke3t Congratz to all that won..too bad entry price too high, cant be part of the party group today.
Hopefully will slowly recover to rm1 above.
I still have strong believe in bemillion statement and project mentioned by anthony.

To cicakman and lee, guys pls stop quarelling. Its normal to have different thoughts and i believe neither of you is operator, we just wanna get some extra pocket money for better life.
08/09/2020 4:46 PM
/quote

Ke3t, thanks.

Tried to post a long-ish one here multiple times but there seems to be a problem. Will try again tmrw

Sharetrading168, I had already collected more last Friday. I’ll stop for now as I’ve just collected more of another tech stock (which will be transferred fr ACE to Main by end of this year). Thanks

Bemillion, in response to your last reply to me, the answer is “Yes”

Just to be perfectly clear, I am not a trader but I’m here at i3 to just to learn the local lingo (and to learn about a predominantly retail forum)

Low profile company. Kinda related to rubber gloves (re PetChem... oh no! Haha). Bosses keep buying and buying. On my radar most definitely.....

Bemillion, your “we here traders” doesn’t apply to me. Just in case you haven’t noticed.....

kens88, retailers never invest nowadays. Wait until Oct-Nov

Media outlets just want views. They rarely care about integrity. It even applies to the foremost business-focussed media outlet in MY. I have stopped letting news cloud my investment strategy. 80% fundamentals, 20% technical and zero on news reading

It’s not just the media. I don’t even care about IB/research houses’ reports bcoz I have the means to get info myself. And I know certain PLCs absolutely refuse to talk to such IB/researchers/media... they focus on their biz and those are the companies I like. Just mvho

Hey, Pres hasn’t crashed! :)

Today perfect for me :)

Bemillion, Presbhd don’t need RM733M to reboot. They are managing their cashflow well, they hv their plans in place that they told me (but they don’t tell “research/analyst” houses bcoz, like every confident company, they believe performance will take care of their stock price)

Hi guys/gals, I’ve posted in this Presbhd thread before

Some things I know after my meeting with their former and current CFOs late last year:

1) Presbhd invested substantially after being awarded the SKIN project. They bought an office building in Cyberjaya and shifted there from a nearby row of shop-offices. They hired a bunch of talented folks just for the SKIN project. They invested substantially elsewhere

2) After TunM took over in 2018, the SKIN project was pulled. No reason given whatsoever

3) Due primarily to the above 2 points, Presbhd have made consecutive QR losses

4) They agreed to meet me late last year to raise cash due to the above by monetising their non-current assets. I met their former and current CFOs at their current Cyberjaya HQ (which is a modern functional office building). I’m working on this. They already divested UNIMY to Serba Dynamik as well as their other overseas equity venture

5) Imo the announced RM733M compensation will not likely be that figure eventually. *This really should not be the focus of investors in Presbhd* Focus on their business and the rationalisation plans they announced since Mar; their founder is backing, Affin Hwang is backing

In short, Presbhd got screwed real bad without any reason by the GOM under TunM in 2018

I hope only wish one of the most corrupted country in the world has a less-corrupted legal system

TG should consider a share split, maybe a 3-1 or even a 4-1, go back to pre-Covid share price levels, back to how they were profitable even before Covid and they had been growing and have been buying real estate (more than a hundred now, not including TS Lim’s private ventures)

This will greatly entice more investors. And most definitely everyone here

Mr Aramco, it’s nice of you to provide advise. It would be even nicer if you appreciate being alive as well as look around you... the people you interact with on a daily basis without knowing if they invest/trade

The original iPhone debut by Steve Jobs didn’t go as plan

I have to assume nobody’s life has gone to plan

So... just be nice. If you have nothing nice to say, say nothing

My phobia is cockroaches. My wife’s phobia is lizard. My REIT boss’ phobia is not taking risks.....

Wow, such colourful language in the pursuit of the all things evil.....

A MoU between 2 companies are not easily reached and especially not simply announced unless both parties agree

https://www.thestar.com.my/business/business-news/2020/08/30/all-you-need-to-know-about-jack-mas-ant-group

Bemillion, thanks for your thoughts. The most important thing is what PRESBHD will do it in terms of business moving forward. They got screwed when the SKIN project was pulled. Whatever compensation they will (not if) get is a bonus

I am involved in one specific aspect of their rationalisation plan. In fact they gave me their PDF IR document. That doc was given to me in March during MCO and the doc actually has a March 2020 date in it. I cannot provide here that file. But perhaps during this weekend I can give some sneak pics (snapshots of relevant pages of the PDF).

I have vested interest in this company but I’m in no way biased. I leave the topic of bias-ness to other folks.....

https://www.thestar.com.my/news/nation/2020/08/26/pupils-only-need-to-wear-face-shields

Tex-Shield

Don’t really understand many of you. It appears many here just want “tell me in simple terms, no time to read”

Well, I say to you, READ those MoUs when first announced. Why do you guys even post the way you do?!?

Just remember that whatever “vaccines” announced thus far should be read at face value. We didn’t know an infected person that afterwards was tested to be negative (ie. “recovered”) can now be “re-infected”. So what really is the status of the so-called “vaccines” that are being “promoted”? Was “re-infection” considered? Personally, I think a TRUE vaccine is a long way off.

XOX have decent leverage (equity/assets more than liability), zero borrowings and RM34M cash. This QR expected; data cost due to free daily 1GB offering to subscribers during the MCO period

I don’t understand why folks talk about TP. For any counter

PHARMA and Duo both controlled by who?

Solid company. One of world's top company for car leather seat manufacturing