Selling by AOF continuing. No sign of the purported govt contract relating to GC. Perhaps it has been postponed to next year. No one knows except the insiders. Almost mid Nov with 6 weeks left before the new school academic year starts. Possible sideways trend for sometime, I reckon. Dissapointed but will reduce holdings and move some funds to other better short term prospects.

AOF disposing their shares again today at 3 sen.

Yes, Shinju_Nosuke. High probability of the AOF disposing of another 20.83M shares this Monday at 3 -3.5 sen.

Do take note that as of today, the AOF has converted 55M RCPS to approximately 207.6M ordinary shares in 4 subtranches of which I reckon the AOF has disposed most of it if not all judging by the price and volume pattern immediately after the listing of the said ordinary shares.

Almost 60 million shares traded today. AOF dumping their shares or Big Buys buying up for the expected rally in lieu of a govt contract announcement related to Google Classroom in our schools ? No one really knows except the insiders but imho if there is sustained buying tomorrow until Friday with considerable volume , then an imminent rally could happen. If not, price will still drift sideways.

Almost 26 million shares traded today mostly done at 3.5 sen....what's interesting is that 80% of today's volume was traded in just 1 min at 3.04pm.Big Boys clearly in play.

Tomorrow, another 41.67 million shares belonging to the AOF will be listed. Will they dump all at 3 -3.5sen or hold believing in a possible govt contract awardment soon ? What they do or don't do will be a clear signal to all retailers here on what's really going on behind the scenes. Follow the money.

Imho, the key question now is whether 4 sen is the new support level. If the 4 sen price holds or goes higher by the end of this Friday that augurs well for the next 2 months.

Quarterly results out already. 3rd consecutive quarter having profit after 9 consecutive quarters of losses. 62% increase in revenue QoQ. Turnaround is confirmed. Even if the highly expected govt contract doesn't happen, at a PER of 15X, fair value of mother share should be at least 6 sen. If the possible govt contract is announced soon, EDUSPEC will fly ✈.

jaynetan, your 'shiok sendiri' comment is spot on. Refreshing to know there are a few level headed traders/ investors present in the market today.

Imho, the price action and volume are the only indicators at this stage, that will signify a very positive upcoming qr or impending govt contact from our MOE. So far nothing. Which means the Big Boys are not ready to push yet. Perhaps tomorrow or next Tuesday/Wed we shall see some proper movement. Once again, all the retailers in this forum cannot move the price no matter how many times it's stated. Again, respectfully, imho.

The latest the above-mentioned possible contract announcement will probably be by mid to end November 2019. This would give 1 to 1.5 months prep time for EDUSPEC to further educate schools and teachers. No one knows for sure the exact date. So stating an announcement is very soon or soon is just pure guessing. Only the govt and the insiders know. Nevertheless, I believe a clear signal that everything is on track is when the buying up by the Big Boys rallies the stock price above the resistance levels with considerable volume.

Hoping for the stock to be suspended will not move the stock price. Stating repeatedly EDUSPEC's list of services ( which by now everyone in this forum should be clear about, if they aren't, they just have to scroll up and read ) will not move the stock price. Assuming the programmed conversion of the RCPS into ordinary shares and it's subsequent selling by the AOF will not stifle the upside in price in the nearest term is delusional. The AOF have a specific game plan which no one is privy to except themselves. It's highly likely they are not in this forum and couldn't care less what we think.

Thus only sustained buying by the Big Boys above the resistance level will cause the stock price to rally, not buying by all the retailers here in this forum no matter how united we are. Hence the main catalyst in rallying the price in the next 1- 2 months will be the possible awarding of a govt contract to EDUSPEC highlighting STEM initiatives / replacement of the FROG VLE with GOOGLE CLASSROOM. I believe this is highly likely for the reasons mentioned numerous times in this forum by the regulars. A note of deep appreciation and thanks to the regulars for this info.

The possibility of govt contracts from the Central Asian countries will have no impact on the share price for the next 3 months, no matter how many times it's touted here. Even EDUSPEC's management has clarified discussions are at an initial stage. These things take at least half a year to materialize.

Neither will often stated short term, mid term and long term price targets. Charts are merely a guide and never cast in stone as they are fluid and constantly changing with each day's price action. In my humble view, Technical Analysis will only come into realistic play once the share price rebounds above resistance levels with considerable volume. Then only realistic price targets can be set. Otherwise it's just wishful thinking which anyone can do.

The following is my personal humble opinion on EDUSPEC. It's not a solicitation to buy or sell, just my perspective on it. It's a long post so I apologize in advance and please bear with me :-

The Education Ministry receives the biggest chunk of the 2020 budget - RM64.1 billion. This is up from RM60.2 billion last year.

So far only 20M plus WB traded so far, mostly at 1.5 sen. That's only around 3.6% of the total issue of 550.9M plus WB. Hence the Big Boys are not selling. Probably this signifies a prelude to a rise in the mother share price soon.

Dear calvincheebursa, my sentiments exactly.

Certain sources/websites are claiming WB will be listed this Monday. Nevertheless , there is no official announcement. Perhaps it's coming later today evening.

Imho, EDUSPEC delayed the application to list the warrants until the AOF converted and sold their 112 plus million Shares at a big profit which I believe they have already done so if you track the humongous volume on 30th September and yesterday. Hence the next few days will be an opportunity to pick up EDUSPEC shares on the cheap or add to your current position if you currently hold them. Once again, I must stress the fact you must have holding power to benefit optimally.

Notice the selling is beginning to slow down.Bargain hunters emerging to buy on the cheap . Follow the money, guys.

139 million shares traded from yesterday 9am until 12.30pm today : as I mentioned last Sunday, if the AOF were to dispose all their 112 million shares for a quick big gain, they will dispose all most probably between 3.5 sen to 4 sen which coincidentally was the trading range for most of the transactions the last 1.5 days.

Hence, there is a high probability then that the AOF has disposed all their allocation for a huge quick profit. I believe today could turn out to be a selling climax so it's a great opportunity for those who have holding power to pick up EDUSPEC shares cheaply.

Dear jaynetan, Trusty9 , thanks for your kind words. I try my best to see the forest from the trees in my analysis.

47 million shares traded with 99.25% done at 4 sen. My guess is the AOF is disposing their converted shares today to realize a quick gain as I analyzed yesterday on that very possibility.

Follow the money, guys.

jaynetan is correct. AOF can dispose all their 112M shares at an average of 4 sen and make a humongous RM1.48M in gross profit. If average disposal price is lower at 3.5 sen, then it's still a massive RM920K in gross profit.

It all depends whether the AOF are short term players or believe in the long term viability of EDUSPEC.If they believe they can make much more profit by holding on for a few more months, then they won't dispose all so soon.

Please take note that the 30M RCPS will be converted to almost 112.36M ordinary Shares which will be listed on 30th September 2019.

Agreed , tklim .

Second round of collection at 4.5sen now by the Big Boys.

It's clear the Big Boys are collecting again at 4/4.5sen.

Dear EDUSPEC regulars, please take note that the subscription for 30,000,000 RCPS amounting to a principal amount of RM3.0 million (including 1st sub-tranche of RM250,000) by the RCPS Subscriber has been completed yesterday.

ATARAH , please take note that the WB will NOT be listed tomorrow.

kzai is correct. The Big Boys here have proven to be shrewd operators.

Low volume today..... Perhaps the calm before the storm.

It appears the Big Boys are still collecting today. Stay calm.

Shoutout to all EDUSPEC regulars, patience is a virtue.

I believe many of the EDUSPEC forum regulars have been holding it for quite sometime as they believe in its potential. Many have reminded that this is a buy and hold stock. Not a contra play.

Respectfully, for those who want to make a fast buck, perhaps EDUSPEC is not suitable for your style of short term trading . Most of the regulars here have an average buy price ranging from 2sen to 3sen so the current sideways or short term weakness doesn't frazzle us as we are in it for the long haul. We shall wait for our free warrants and the future exciting developments of EDUSPEC with that enduring virtue called patience.

New key support zone is clearly 6 to 6.5 sen now.

Probably last chance to buy at 6 sen today before the Big Boys execute the next big push up. Look at the volume that have bought at 6 sen... and it's not even 1 hour of trading.

It appears the new key support level is now 5.5 sen.

Good closing once again at 6 sen. A lot of late buying up at 6 sen. Up on considerable volume of more than 31million shares traded. Positive sign for next price rally.

Big Boys starting to nibble at 6 sen... Volume now over 30 million shares traded. Good sign for next major push up.

Last round of force selling in play now. Big Boys scooping up.

GuaKaLuKong

Last Thurs huge volume. So Fri is T+1, this Tues is T+2 and today is T+3. Friday’s volume was small, coz of AGM with everyone adopting a “wait and see.” So, today is last day for forced selling and last chance to pick up at 0.055.
14/08/2019 10:31 AM
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I tend to agree with GuaKaLuKong. His analysis is spot on, imho.Over 21 million shares traded in today's morning session and the majority was done at 5.5 sen. It's obvious, imho, the Big Boys are once again in collection mode for the next big push which is most likely just around the corner.

Good closing at 5.5 sen considering all the force selling today and overall bad market conditions.Noticed strong buying up from 4.30pm onwards.

The selldown to the low of 5 sen today was caused by brokers force selling all the remaining contra players. The Big Boys are experienced indeed in flushing out all the contra players. Hence why the regulars here always stress to buy and hold to get really rewarded.

Buying at 6 sen is strong. Almost 4 million shares traded at 6 sen. Total volume is 5.6 million shares in first 1.5 hours of trading. EDUSPEC is strong despite overall market being depressed with the KLCI down 18 points.

The media has yet to cover the approval of the free warrants and the other resolutions passed at the AGM/EGM. Perhaps later today or tomorrow. Then EDUSPEC will rally again.

BTW fyi :
The Education Ministry has received the largest funding allocation for 2019 at RM60.2 billion, or 19.1% of the entire 2019 budget.

EDUSPEC will be the major beneficiary imho of the Ministry of Education's recent decision to adopt Google Classroom and Google Cloud in all schools.

https://klse.i3investor.com/m/blog/techfullybrewed/218582.jsp

https://klse.i3investor.com/m/blog/techfullybrewed/219003.jsp

With the buzz around EDUSPEC now together with this weekend's media coverage of the new
approved business diversification plus bonus free warrants.....possible big upside in price on Tuesday.

Thanks so much,, tklim