Only few knows then can't blame when some are speculating... human's nature. So perhaps that boss sold those huge shares may be at 0.210-0.235 and lateray used the money to subscribe the PP which is predicted to be at 0.182, profit between 0.028-0.053 per share.
nklye, that is one assumption. Insider Trading comes with huge penalty and Bursa will not let go of this offence. I doubt it's insider trading as Directors are strictly monitored.
33% PW acquisition is complete on 6 June 2018. It will contribute additional revenue to PUC. Two things we may focus on:-
1. Revenue and PAT of PW for Year End 2017 are around 55 mil and 24 mil respectively. It would lead to additional revenue and profit to PUC starting from next quarter reports.
2. Profit guarantee of PW to PUC for the year of 2018 and 2019 is not an issue.
Now, the next show is the 24% acquisition of 11 Street. Private placement has been proposed to facilitate this acquisition. This could leads to followings to advantages:-
1. It will provide extremely high revenue to PUC. Very likely to provide high PAT as well.
2. It could lead to more financial strong big boy to participate in this game. Strong background for further expansion.
With reference to PUC quarter report ended 32 March 2018, as compared to previous quarter, revenue has been increased 50% to 15.6 mil. Profit of 0.35 mil was reported. This is a good sign. Please be bear in mind that the 20mil loss as shown in previous quarter is due to impairment loss.
Please check the audited PW financial report year ended 2017. Read carefully what is 14.8mil profit guarantee in the acquisition proposal. No point to argue. I have gone thru all these documents.
@MarcusWKH, unfortunately, for the past few weeks, price trended at 195 till 235 (touched) why can't it attract buying momentum higher than 24? Can enlighten please?
I concur with Marcus on the investor's confidence. People have perceived this stock as goreng stock, and would not dare to touch it unless it starts to show some solid profit record
The boss seems to have no idea what he is doing. Buying up companies which make losses and enter into so many MOU with biz that has no value to the company. He seems to dabble into many things, no direction. From e-Commerce & mobile payment to photography biz and advertising.
@newbie8080, this is quite a common practice by bosses in KLCI. But PUC have strong ground in tech. Have to have patient. Try accumulate while low price.
PUC already clarified the slashed of half of the share purchased in acquiring 11th street but news followed again to trigger the selling of speculators. Good or bad, u define it. For me, PUC are making careful decision after considering the shareholders opinions in the AGM. I hope the cleansing of the speculators will let this share price to soar.
If you know how to piece the strategies together like its CEO and see the Big picture , you would have been sitting in his shoe. He is a Strategic Thinker and Doer. Those that know him have faith and trust in him.
Alibaba Ma to meet Tun M today at 9 am. Will there be market hype for counters related to Ma's kind of biz.. like the time when this Ma met the former regime...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ppginvest
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Posted by ppginvest > 2018-06-07 15:47 | Report Abuse
Legs still getting pulled... cannot rocket flying up yet