The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?
If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.
If his answer is NO, he probably has BAD INTENTION on the company and its shareholders
In the event the properties are put on public auction by AmBank, the sell consideration will be able to settle majority part of the outstanding amount owing to AmBank based on the current market value of the properties which value at RM32,800,000 pursuant to the valuation reports prepared by W M Malik & Kamaruzaman Sdn Bhd as at 30 July 2021.
Eastern686 The question is not whether he has any shares, it is "is what he wrote true or false? ----------------- Some are true, but many are false and in ill intention information, misleading and some are only based on his wild accusations. If he don't has any shares on his targeted counter, I think his probable ill intention acts will be more obvious.
RENOUNCEABLE RIGHTS ISSUE OF UP TO 629,491,596 NEW ORDINARY SHARES IN NETX ("NETX SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.13 PER RIGHTS SHARE TOGETHER WITH UP TO 314,745,798 FREE DETACHABLE WARRANTS IN NETX ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 2 OCTOBER 2020
RI price = 13sen Current price = 13.5sen
Congrats to rights subscribers after months of depressed price.
For newcomers, take note of RI price and trade with care.
Monitor every QR reports, utilization of company funds and frequency of share issuance for fund raising
1. Rahim & co had valued these 6 shop lots at Rm66 millions in year 2016.
So the price of Rm38 millions current price constitute a bargain buying from out of court settlement as there is a discount of more than Rm28 millions from valuation
2. Netx after capital exercise still has Rm100 millions in cash and cash equivalent
3. Since the payment is allowed by Ambank by monthly installment there is no constrain to raise further capital from shareholders
Actually not enough info for us to assess the viability of this property investment mah!
Yes....they invested Rm 32.8m how big the units....what is the current yield rental ?
Are the units vacant or occupied leh ? Is the current rental sufficient to support the required return & cashflow ?
The mkt value of Rm 66m & force value of Rm 32.8m was done in 2016 when the property market is in better condition, how will be the current latest 2021 condition leh ?
What will netx will do with the current properties, what exactly their plans leh ?
Do they have people who know what they will do with this real estate leh ?
The company raise cash for their core business which suppose to be the technology side, why & how the management come to decide, to invest in this properties leh ?
Posted by calvintaneng > Sep 7, 2021 1:54 AM | Report Abuse
Calvin would like to point out facts omitted
1. Rahim & co had valued these 6 shop lots at Rm66 millions in year 2016.
So the price of Rm38 millions current price constitute a bargain buying from out of court settlement as there is a discount of more than Rm28 millions from valuation
2. Netx after capital exercise still has Rm100 millions in cash and cash equivalent
3. Since the payment is allowed by Ambank by monthly installment there is no constrain to raise further capital from shareholders
Posted by calvintaneng > Sep 7, 2021 2:01 AM | Report Abuse
Rm32.8 millions is not market value but "Force sale" value by Ambank through high court reserve price for bidding
These are the value
1. Market Value - Rm66 millions
2. Force sale value - Rm32.8 millions
There are other figures which are not listed
Above market value Fair value Fire sale value
So far we have not seen fire sale value in Malaysia yet
So to buy at bank foreclosure force sale value is already excellent
1. Rahim & co had valued these 6 shop lots at Rm66 millions in year 2016.
So the price of Rm38 millions current price constitute a bargain buying from out of court settlement as there is a discount of more than Rm28 millions from valuation
2. Netx after capital exercise still has Rm100 millions in cash and cash equivalent
3. Since the payment is allowed by Ambank by monthly installment there is no constrain to raise further capital from shareholders
Posted by calvintaneng > Sep 7, 2021 2:01 AM | Report Abuse
Rm32.8 millions is not market value but "Force sale" value by Ambank through high court reserve price for bidding
These are the value
1. Market Value - Rm66 millions
2. Force sale value - Rm32.8 millions
There are other figures which are not listed
Above market value Fair value Fire sale value
So far we have not seen fire sale value in Malaysia yet
So to buy at bank foreclosure force sale value is already excellent
below is news reported.. but im not allowed to post the link since yesterday, just post a paragrapgh fr that news, below
But, that didn’t stop Malaysians from hitting the streets of Bukit Bintang and creating traffic in Kuala Lumpur that can only be described as what the city looked like before Covid-19.
The purchase of this asset is a plus point, but how come can up a lot more than reasonable range?
Answer: All the while investors fear for fake cash in the bank, but all these suspicion n fear are gone when netx show to us all they really have the money, they dont fake their financial figures
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....
MZM2511
4,541 posts
Posted by MZM2511 > 2021-09-06 15:07 | Report Abuse
FOR NEWBIES
The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?
If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.
If his answer is NO, he probably has BAD INTENTION on the company and its shareholders