well it cant be like palette or keyasic in short time..but i believe tis stock if u can keep long it will bring good earning for u guys..buy at ur own risk
last time i put tecfast in my watchlist..later im not active for some time..that time tecfast only 12sen i think..now dont know to calculate how many percent it alrdy move..hahaha..
On 24 Nov 2015, Inix completed the RI with Warrants to raise RM 27,817,900 to purchase 30% shares in G Maritime( RM 7.2m), 25% shares in HyperQB ( RM 7.7m) , a new dredging vessel costs RM 5.5 m, and the balance to buy another 19% shares in GM (RM4.56m) early 2017, remaining money used as working capital. Surely, Inix will move up to a much higher level. Just be a little bit patient, then all the loyal shareholders will enjoy the growth and profit.
Current price is below the rights issue price of RM0.10 in Nov 2015 although you may have free warrants. May buy some in case it moves up due to rotational play.
Hi ramunia, the huge loses are mainly due to expenses on R & D because Inix is moving into mobile Apps and Gaming. However, the cash flow from operating activities are excellent ie net gain RM 3.764 m which means Inix does not have any cash flow problem.
if you guys notice, according AR 2016, the total ordinary shares has increased to 1b... but the marketcap is still at 19m mounting to a total shares of 25m. What's going on here?
@good_stock i've noticed that they already have share consolidation 1:2 at sep 2016. according to AR , got contradictory areas --> page 50 says total issued shares are 417m, page 71 says total issued shares are 231m... is this the effect of consolidation or what? any sifu wanna enlighten?
@b4b4 sifu, but u see, even if 417m shares divide by 2 is around 208m and not as 231m as in the AR 2016 page 71. Any u see now the NOSH is 253m according to this site. How to explain the difference in all this?
Buy a business but not the stock. I chose Inix mainly because of the business model. Galactic Maritime is doing sand dredging and reclamation near the coastal lines of Melaka, Selangor, Penang and Johore. HyperQB is an expert in Mobile App and Gaming.
Actually, if you look at "old" Inix and " new" Inix, Inix is going on a metamorphosis stage of change. Inix is getting ready to take on new bigger dimensions. Slowly but surely, Inix will shine and raise again.
Inix , the next Tech stock to watch. Three factors to consider. 1. Zero debts . 2. Good cash flow to do daily operations 3. Good business prospects in sand dredging and mobile Apps
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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....
mjlee
449 posts
Posted by mjlee > 2017-10-17 14:36 | Report Abuse
can anyone share more detail on this stock?