Just to clarify on application to MBoard from Ace Market , the application was officially submitted to Securities Commission Malaysia on August 28th 2014 , this was officially announced by KENANGA INVESTMENT BANK BHD on behalf of BoD of ELSOFT. The proposed transfer was announcedon May 30th. I hope tthis will give some insight to the MB transfer dilemma face by some of our shareholders. Cheers ! Happy are around the corner !
Thanks Tianjin, that's probably the reason why I thought results should be out by July. Also the uptrend was crazy then .. Now down .. Another 2 - 3 months wait for MB transfer??
Abundance , the uptrend of Elsoft in August was not that crazy as Q2( 30th June ) result had been made known to BoD n their " investors " during August , I think they had been buying from rm0.85 ~ 1.70+ , to them they see higher value in Elsoft and they knew what are the good things coming ahead such as transfer to MB , once transfer is done , fund manager are allowed to buy as part of their investment ( most fund managers are NOT ALLOWED to buy any ACE mkt the counters due to stringent regulations set by their principal ) BoD of Elsoft is planning a very excellent corporate synergy for coming quarters such as increased dividend paying policy to 40% of nett profit , this will certainly put Elsoft on radar of fund managers. Further to this , Elsoft accumulated profit stand at approx rm 25mil as Q2 '14 and we are at nett cash position , we can anticipate a bonus issues if Q3 & Q4 results can be better than Q2 , I personally feel that year '14 results will be best performing year in Elsoft history ( this is my opinion ) I look fwd to a excellent reward from Elsoft , you need to be a long-term investor to be rewarded. Cheers.
.....buy n keep....Today's market lack of committed n dedicated owner.... Since this is a good role model for Bursa market, we should give them a fullest support.
thesteward , good to hear from you . You will rewarded if you are a fundamental shareholder of Elsoft , plz forget about playing contra in this good stock , my very sincere opinion. Cheers & goingto be chin jia hua hee liao !!!
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....
keng88
2,776 posts
Posted by keng88 > 2014-08-25 09:45 | Report Abuse
little selling after up back....