The boss won't push up the price now. Why he wants to trouble himself pushing the price for you retailers to escape in this bad market sentiment? Just leave it alone and stay away from it is the way to save yourself
Digistar .....too many businesses...unable to focus so should hive off non profitable businesses and keep only 2 main performing businesses which is concession and hotel operation.
This Co only serves own relations who are CEO, ED etc thus the various directors' fees paid. Loss making co for so many yrs still pays out fees to directors, utterly nonsense!!!
If they continue the same way they managed f0r the past donkey yrs, and not getting a capable md, what do u expect for 2019 results?
If you are running your own business, you will know how difficult for a company to gain bank trust. Bank are so smart and they only willing to borrow you a small amount of loan, no matter you said how good is your company, how high is your profit or what.
Therefore, for a small company like Digistar to get the loan and bond borrowing of few hundred million, it is really something not easy to achieve.
Although its revenue, profit & share price for the past 5 years has make all the shareholders disappointed, but I believe one day it will gain back what it has been lost for the past 5 years.
I am not sure when it can come back, perhaps the next 2,3,4,or 5 years, just wait n pray for the day to come.
Like myself is a good example, I lost quite a lot of money in few counters: Ekovest, Iwcity, Gdex, digista,..... and I sold all and switched to Kanger. I have claimed back all my losses. Now is still not too late for you all........
hahahahahahaha. Huge debt company... Digistar boss is laughing at you.... That why no everyone understand how capital market work... That why a lot of ordinary accountant are still a ordinary accountant after working 20 years
DIGISTAR is the only Main Board Technology Counter that share price maintain at 52 weeks lowest. while other all hitting 52 weeks high.
Malaysia still got many good technology company that haven't listed, hope one day one of them can takeover DIgistar and perform back door listing.
In Hong Kong, a listed company shell in Hong Kong Stock Exchange main board can worth HKD600-700mil, in Malaysia, If Digistar shell can worth RM60-70mil will be jackpot d.
What happened ? Revenue were abt 40 to 50 mill per quarter in 2016 and earlier. Now dropped to abt 10 to 15 mill per quarter. The management have failed to arrest this decline. They should all wake up.
lchits, not buy apartment, previous the apartment was build by Digistar, and sold to someone d.. however, donno the SPA was terminated, that why have to cancel the sales, and take back the apartment.
1) The inventory (service apartment) has been re-classified as Property, because no point they always put the unsold service apartment as inventory, as those apartment already converted to Hotel, it is not for sale anymore.
2) Cash flow improved a lot.
3) Operating expenses reduced
4) Company has settled RM85mil bond so far, so interest saving is around RM4mil per year Next year company will settled another RM20mil... The more bond settle, the lower finance cost, then company can start to make profit.
5) with current valuation of RM26Mil, this company own a hotel, few plot land in Melaka, corporate building in Ampang, plus a concession business that can generate RM3mil cash flow per month for 15 years.
6) Widad Group is aggresively looking for concession business, and recently they just acquired Menang Corp UiTM concession business, high chances they are approaching Digistar for its JKR Building concession as well.
If this stock price is at RM0.15 now, then I will not recommend to buy.
But now the price is RM0.04, so I think it is a value buy.
The Board of Directors of DIGISTAR wishes to announce that SPSB had entered into a Conditional Sale and Purchase Agreement (“SPA”) with YAYASAN DMDI (Company No. 836195-M) (“Vendor”) for the proposed acquisition of Seven (7) Units Of 2 Bedroom Apartment And Thirty Three (33) Units Of Studio Room With Kitchenette In The Condotel (“the said Properties”), which are located at Kawasan Bandar XXVII, District of Melaka Tengah, for a total consideration of Ringgit Malaysia Eight Million And Eight Hundred Thousand (RM8,800,000.00) ("PROPOSED ACQUISITION").
I think this is a good deal, as the purchase price is very very very nice.
digistar a forgotten stock who was once considered a gem Selected in Forbes Asia Best 500 below 1Billion in 2012. Top 30 shareholders including Gan Seong Liam Secret Recipe Cakes n Cafe S/B n Star Heritage Dev S/B NTA 9cts
Frankly speaking, the Panther 911 system is quite a lousy system. Please don't put hope into the CCTV system.
For Digistar, now we can only put hope on its concession business, and the hotel business. Possible catalyst could be;-
1) Some company offer to buy their concession business 2) Digistar secure new concession business 3) Some company want to buy its hotel property 4) Being acquire by other company for backdoor listing
Year 2020 is visit Malaysia year. Melaka is one of the top visit place in Malaysia. DIgistar Hotel in Melaka is one of the most convenience hotel in Melaka, u can walk to Dataran Pahlawan within 100 footstep.
RM0.040 will be the lowest price for Digistar, and the highest could be above RM0.20.
You buy now, every 1 cent increase mean 25% profit.
Hi Albukhary, you have a very good understanding on digistar. Indeed I have the same mindset like you on how do speculate on digistar at 0.04. Yes 1sen gain is 25%, it is not so difficult if the stock is in play. This is valid bet as we can see all the top volume stocks are penny stocks. Whether it remain sleeping or not is the question we should ask. And i believe you have list down 4 possibilities: -1) Some company offer to buy their concession business-->i think possible, but unlikely to get it done as the major shareholder is not willing to sell?
2) Digistar secure new concession business --> no news lead yet
3) Some company want to buy its hotel property--> it's true, it can be. BUt unlikely also. Why would he sell?
4) Being acquire by other company for backdoor listing--> OR WE MAY THINK IT'S A HOSTILE TAKE OVER?....LET'S SEE WHY IT IS POSSIBLE!
1. at 4sen, the whole co. market cap is RM26m, 2. major shareholder hold around 22%, which is RM5.72m ONLY 3. a private equity fund, or a few high networth individuals with the fund size of RM20+ would be able to buy 50% shareholdings or more and maybe trigger the MGO at 33% first. 4. I expect the major shareholder will not dare to sell down his stake if there is any buyer offer below the NTA. 5. digistar able to borrow in bond RM280m, can it be worth so little at RM26m now? 6. Digistar, a co. with concession and hotel business is so cheap, why there is no risk taker to take control? (i hold digistar share)
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....
bonbon
181 posts
Posted by bonbon > 2018-09-12 16:20 | Report Abuse
The boss won't push up the price now. Why he wants to trouble himself pushing the price for you retailers to escape in this bad market sentiment? Just leave it alone and stay away from it is the way to save yourself