Almost 12 Million shares at 3 sen buying queue...healthy development indeed.

"The ministry would then choose a new service provider beginning Jan 1, 2020 after carrying out evaluations," it said.

The Education Ministry has nailed down the new specs ; Google Classroom etc so they already know what they want from the new service provider.Usually the tender process from submission and evaluating them takes a max of 3 months.So its probable the new contract will be awarded latest by 1st Sep, 2019 giving the awardee a full 3 months at least to implement the new system nationwide so it all goes online by 1st Jan,2020.

Since Eduspec uses Google Classroom and is already working with the Education Ministry together with Sharp to intro 100 classroms with their smart classroom tech, EDUSPEC is the clear frontrunner to win the new Billion Ringgit contract, imho.

It's entirely possible directors are accumulating through others. Average volume has increased considerably last few months. I sincerely doubt that is attributed to retailers as only 1% of the retail market even knows EDUSPEC exists.

3.5 Million shares traded and the closing price is 3.5 sen..... Good Omen.

Dwindling volume today yet again...only 600K shares traded...possible sign selling by weak holders is coming to an end, imho.

Dwindling volume since the spike started last week. Nevertheless , price was stable at 3 sen. Apparently the Big Boys have flushed out the majority of the weak holders.

Tingkap , you are correct...big boys haven't finished collecting at 3 sen , they will only let the price rise when they have collected enough.

Bull13, Paramount's education arm was bought by 2 Horses Capital, an investment vehicle controlled by Tunku Ali Redhauddin. He is the next in line to the throne at Negeri Sembilan.

Last minute , big boys throw a sliver just to suppress the closing price. Tactics in play.

average daily volume traded for the last 4 weeks is 2.9 million shares..just yesterday plus today =almost 17 million shares traded. price stable at 3 sen . big boys have started making their move.

I agree with Shahrul. Retailers not involved today. Possible transfer of shares between the big boys in the open market to get cheapest price possible.

EDUSPEC now no 9 in top volume list....accumulation by the big boys continuing.

I agree with Shahrul. IMHO, 7.54 acres for a company's FIRST edutainment park is impressive. A similar concept is espoused by KIDZANIA of which their KIDZANIA in London is doing very well.Don't forget EDUSPEC has an existing strategic partnership with KIDZANIA.KIDZANIA's London edutainment park is 75,000 sqft in size. EDUSPEC's edutainment theme park will cover 7.54 acres which spans almost 330,000 sqft in size. That's roughly 4.4 times bigger than KIDZANIA London. Respectfully, that's hardly 'kacang putih' as someone mentioned earlier.

all the above have convinced me to top up my holdings in EDUSPEC

https://www.malaymail.com/news/malaysia/2019/06/03/dr-m-touts-malaysia-as-destination-for-global-students/1758904

topped up my holdings of EDUSPEC ...best education focused stock

There is strong talk in the market that Tan Sri MOKHZANI MAHATHIR , the Prime Minister's son ,is planning to increase his shareholdings in EDUSPEC after his resignation from all positions in OPCOM....read this :-https://www.msn.com/en-sg/finance/topstories/mokhzani-also-stepped-down-from-all-positions-in-opcom-group/ar-AACk66D

woke up this morning to find out the top read article in i3 is on EDUSPEC ...very good writeup by diehardunited !for those who haven't read it yet , the link is https://klse.i3investor.com/blogs/winners/209410.jsp

I am so glad I added more EDUSPEC last week.

selamat hari raya aidil fitri , guys!

EDUSPEC proposing to issue Redeemable Convertible Preference Shares ( RCPS ) at 10sen each. There are 2 major benefits of a preference share from the point of view of a company :-

1.Improves Borrowing Capacity :

Preference shares become a part of net worth and therefore reduces debt to equity ratio. This is how the overall borrowing capacity of the company increases.

2. No Charge on Assets:

While taking a term loan security needs to be given to the financial institution in the form of primary security and collateral security. There are no such requirements and therefore, the company gets the required money and the assets also remain free of any kind of charge on them.

Investors meanwhile can :-

1. Get Dividend / Interest Return paid on their RCPS

2. Convert their RCPS to normal shares when the share price eventually rises.

WIN WIN situation for EDUSPEC & Shareholders, IMHO.

Public Bank Investment Bank's blog also covered the tie up with Tanco. Added more today.

thanks so much , Shahrul & Nik for your timely links. Healthy accumulation continued yesterday with good volume.

Another round of accumulation happening from yesterday around the 3 sen to 3.5 sen level. ATARAH is right, trigger for rally will be more expansive media reporting by the major business centric dailies aside from Utusan, on the MOU with Sharp. IMHO, Potential for govt contracts soon is high.

Bull 13, I agree...its definitely an attractive option for a reverse listing since its balance sheet is clean now.

Company is starting again on a clean slate and has finally turned a corner in my humble opinion. Genuine turnaround story.

First time announced profit after 9 consecutive quarters of losses.

Its the only public listed company in the country that has STEM centric and proven digital education solutions for schools which has been emphasized by the PM and Education Minister numerous times in the past 10 months.


I reckon EDUSPEC is well poised to win big government contracts as allocated in the 2019 budget.
Share price is well below current NTA of almost 7.5 sen, additionally.

MM still flushing out weak holders...

somebody buying at 3.5 sen....

Weak holders still being flushed out.....

Been observing the market depth....it appears that weak holders are being flushed out.

Operators and insiders I reckon are quietly collecting at this 3-3.5 sen level...Volume yesterday was almost 4.16 Million shares traded ...higher than the daily average of the past 4 weeks. Flushing out the weak holders probably before the next rally.

PH top gun appointed to Board of Directors, cash flow positive, retained earnings of RM111.6 Million very good with Net Asset Value per share of 12 sen....best time to buy when its so undervalued at 3.5 sen now


Technical analysis wise : rebounded off bottom with volume and forming rounding bottom pattern ...with the right push and trigger by market operators and insiders, a retest of its previous 52 week high of 18 sen is possible I reckon.

Look at the buy and sell q.....market operators are in collecting phase waiting for impatient weak sellers....

Yup....I love it when an undervalued stock flies below radar.

The calm before the storm.....

Wow...volume today almost 24 Million shares traded !

Weak sellers selling now....buying opportunity at 3 sen

Manteh110.....Looking at the recent positive developments as mentioned in my earlier post , its best to hold for awhile and add more ….

There are many positive developments within the last month:-

1. The completion of a clean capital share capital reduction which has resulted in retained earnings of RM111.6 Million as compared to the accumulated losses previously. This augurs weel for the company moving forward as it is now in a stable and good financial standing

2. Appointment of 2 new directors which include a top gun in Pakatan Harapan : govt contracts on the horizon possibly

3. Completion of a private placement exercise which involved 100 Million shares that did not increase the total no of shares which is easier for the price to rise quickly. These private investors see major potential in this company otherwise they would not buy a substantial stake now.

4. The company is undervalued as the share price is below the net asset per share of 12 sen

5. Lower gearing of 0.32 times

6. Technical analysis wise, the stock has bottomed out and rebounding with substantial volume with much larger buying queue. Possible rounding bottom chart pattern forming now.

EDUSPEC top 15 active stock today....buyers keep coming

Don't play contra though....buy and keep would be the best strategy...its rebounding off the bottom ….chart looks good

Agreed

Strong buying queue.....

There are many positive developments within the last month:-

1. The completion of a clean capital share capital reduction which has resulted in retained earnings of RM111.6 Million as compared to the accumulated losses previously. This augurs weel for the company moving forward as it is now in a stable and good financial standing

2. Appointment of 2 new directors which include a top gun in Pakatan Harapan : govt contracts on the horizon possibly

3. Completion of a private placement exercise which involved 100 Million shares that did not increase the total no of shares which is easier for the price to rise quickly. These private investors see major potential in this company otherwise they would not buy a substantial stake now.

4. The company is undervalued as the share price is below the net asset per share of 12 sen

5. Lower gearing of 0.32 times

6. Technical analysis wise, the stock has bottomed out and rebounding with substantial volume with much larger buying queue. Possible rounding bottom chart pattern forming now.