Last quarter's result is due by 31/8/16(National Day). But there is a short squeeze on the warrant, operator needs to react to it.
As I said earlier, 7.5 sen is calculated to be the cost price for the recent rights(mother share). If no bad news, it should be supported. Who would be so eager to sell below cost price? Any temporary setback in price(whether contra selling or otherwise) will be viewed as a good buying opportunity for the longer run. Operator is in an accumulation mode too.
Pure Goreng stock...good if you have the goreng skill. Dangerous for buy and hold tactic. This stock is purely for fast in and out. Those stuck buying high really trapped again.
ya ya...upshare u r right, i saw m3tech rights issue subscribe by papago, 2 director and last xox, just dunno what there are planning to do...up up up...xox... :-D :-D :-D
We are confident that several recent collaborative business ventures will have a positive impact in future sales revenue and recurring income. The first of these is the signing of a Memorandum of Understanding with Shenzhen User Display Technologies Company Limited (“USER”), whereby they will promote our GetSnapps platform, along with our i3Displays technology, throughout their entire export market worldwide. Secondly, one of our subsidiaries PT Surya Genta Perkasa has entered into a collaborative venture with Indonesia’s largest mobile operator, Telkomsel. Together they have launched the T-Bike Smart Assistant for motorcycles, which is quickly gaining traction in the market.
i3TeamWorks is our highly functional and in-house developed corporate productivity software suite. It is a Cloud-hosted SaaS (“Software as a Service”) solution. Numerous modules within i3TeamWorks facilitate task management, sales lead management, human resources management, etc., with new modules currently in development that will be launched in a timely manner.
In conjunction with the above new business collaborations and products, we continue to remain highly focused in our core competencies; mobile solutions, trading and distribution. Budgets have been set aside for an intensive marketing campaign to properly introduce all the above to the market. Barring any unforeseen circumstances, it is our belief that the future performance of the group would will be positive.
Last quarter's report is out. Despite reporting a loss per share of 2.03 sen, its NTA as at end of last quarter still stood at 11.18 sen per share, which is higher than the current share price.
So, the poor result could have been priced in. Of course, operator might still choose to flush out contra players from today's chasing.
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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....
John1234
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Posted by John1234 > 2016-08-30 12:21 | Report Abuse
There is currently a short squeeze on the warrant. Mother share could benefit as the price gap narrows.