DNEX buying into O&G is a good investment provided that the projected PAT of around 30 million for the O&G company maintains or better. Why? It will cost DNEX about 465 million Rights issue @ RM0.21, 50 million special issue @RM0.22 and 396 million new shares @ RM0.26 to the shareholders of the O&G company. In total, 911 million of DNEX new shares shall be issued for the acquisition of the O&G company. That works out to have PER of 10+. As compare to the O&G industry in BURSA - Average PER is 22. Therefore, the acquisition will improve the overall PER of DNEX. On top of this offer, the total warrant to be issued is 688 million shares at an exercise price of RM0.50 per share. After the acquisition, Censof will still hold 33.1% of DNEX. Why are you worry about? More good news is coming on GST. Buy when everyone wants to sell. Sell when everyone wants to buy. Good Luck!

Just to give you a booster of confidence in Censof. The price will maintain around RM0.5 until someone decides to move the price upward. The 10% private placement of 34,420,000 shares were taken up between September 2013 and Feb 2014. The average price was RM0.5035 per share. That means that the share price will not dip too much lower than RM0.5035. The price of RM0.48 per share is a bargain. The only set back is the 100 million redeemable convertible medium note. RM25 million has been issued but only RM7.45 million has been converted for trench 1 of 25 million. The balance of RM17.65 million has yet to be converted. The converted prices were RM0.45 per share and RM0.421 per share. It was arranged by Kenanga International Bank Berhad. Whoever subscribed the notes for trench 1 of RM25 million is taking their sweet time. Whoever know them, tell them to speed up to convert the remaining RM17.65 million into censof shares. Otherwise we have to be patience waiting till they are ready. Good Luck.

Wanderabara or stingperception, could you please share on what is written from chartian? Most of us are not members.

Time expects to close at RM0.315 which is not the highest (RM0.33). So expect more pushing up to come. Take note that every RM0.01 up of Time share price, Censof will have paper gain of RM3.5 million. At RM0.315, Censof has a paper gain of RM40.25 million. Censof is expected to close at RM0.515 that is much lower than yesterday closing of RM0.535. Expect to build strong base to push much higher than the current price. Buy now!

It is getting very interesting to notice that Time Eng is moving up slowly and steadily. The same apply to censof. If I am right, Now is the time to jump in. Whoever is frying the counter, is going for big.

I think Share price of Censof is going to move up soon because, share price of Time Eng has moved up to RM0.29 per share. Censof has 45.03% shares in Time bought at RM0.2 per share. Censof is making a paper gain of RM0.09 per share of total 349,112,731 shares for total paper gain of RM31.42 million ringgit. So, share price of Time Eng is directly affecting the net worth of Censof share. Every RM0.01 share price of Time Eng moves up, Censof has a paper gain of about RM3.5 million. In term of per Censof share, RM0.0087 paper gain per share. As long as Time continues to move up, you can be sure that Censof share will move up also. So, start buying now or you will regret soon.

Tranche 2 = 25 million ringgit, Tranche 3 = 30 million ringgit, Tranche 4 = 20 million Ringgit.

Forwardinvestor, RM25 million has been paid to Censof under Tranche 1. Tranche 2, Tranche 3 & 4 are not confirmed. So far, RM21.3 ringgit under Tranche 1 has not be converted.

WiseEye, I have always done research and with calculated rise to buy. As for Censof, I overlooked the conversion of shares under RCN. The remaining 21.3 million ringgit under RCN that is waiting to be converted is the main cause of share price of Censof not moving up. Whoever was taking up the 10% private placement had to pay much higher than the 88% of the average share price of Censof. They may be furious by now. You could notice that two groups are trying to do something about the share price of Censof. One group is ready to push the share price up while the other group under RCN is taking their sweet time to maintain the share price low so that they could convert into Censof share at around RM0.41 per share. The group under private placement has about 35 million Censof shares but the group under RCN, upon total convertion of RM25 million ringgit into Censof price - should have 60 million Censof shares. Unless they work together, share price of Censof will remain around RM0.5 per share. Unless huge announcement is coming, we have to keep waiting for the two group to sort themselves out before we could see Censof share price moving up. And comment?

WiseEye, are you in the same business as Censof? I have not heard any announcements for any government ministries to appoint any company to implement GST? It is less than 1 year to go before GST to be implemented. Announcements should be any time now as GST Bill is formally passed in the parliament. Any comment?

Thanks for your sharing. My question is when are the holders going to convert all the remaining RM21.3 million into shares? Their option is clear. They can convert any time they want at 88% of the current price ( average price over a period of time). If the holders are in a group, they will try not to let the share price to move up as this will reduce the no. of shares to be converted. I strongly believe that the moment the holders convert all the RM21.3 million into shares, the share price will start to move up. Kindly share your opinion.

Another RM400K worth of shares @ RM0.421 has been issued. RM21.3 million to go. Does that mean that the share price of Censof will only move up when all RM21.3 million has been converted to shares? Please enlighten me. Thanks

Another RM400k of shares @RM0.422 has been converted. Another RM21.7 million waiting to be converted. What is the benefit for the company? If not for this arrangement, share price of Censof should have been much higher by now. Agreed?

Thank you for your sharing. Please check again that the outstanding RM22.1 million of 1st Tranche (RM25 million) has yet to convert to Censof shares. The first RM2.5 million has been converted at RM0.45 per share. The RM400K has been converted at RM0.422 per share. The conversion price is based on the average 3 trading days based on the floating conversion price. Please advise.

The problem remains. The 1st tranche of RM25 million of the total RM100 million RCN has been confirmed and the conversion price is fixed at 88% of the market price. Moreover, under the 1st tranche of RM25 million, only the first issuance of RM1.25 million has been made on 9/1/2014. There are 19 more issuance of RM1.25 million under 1st Tranche. The purpose of RCN is supposed to be used to finance the purchase of 45% of Time Engineering. Why only RM1.25 million has been paid up till now? 2nd, 3rd and 4th Tranche of RM25 million, RM30 million and RM20 million have not been confirmed. Is there anybody understand why?

The biggest problem is special issuance of redeemable convertible notes at RM0.422 per share. Anybody know when are they going to stop issuing?