Guys, last time still growing company so is okay to give 20 x PE for this counter. But now, since no longer growing, i think PE 12 x would be more reasonable? I'm correct. Say EPS is about 13 cents, so the entry price should be around RM1.60 ?
MiRA NewGen Party, a strategic partner of Pakatan Harapan, calls for investigation by PDRM and MACC against the lopsided long term contracts of Education Malaysia Global Services (EMGS) awarded to a public listed company (PLC) by the former BN Govt which enabled the PLC to register unprecedented profits without basis. There also seems to be questionable deals done by the cronies of the former BN Govt in the formation of a College owned by the same PLC. We will discuss this matter with the new Home Minister soon as it involves national security since staffs of Immigration Dept are stationed in the PLC as part of EMGS. We will get to the bottom of this matter soon.
Not been writing for a while and people starts to speculate..lol
EMGS was won through open tender and provided a new source of revenue to Ministry of Education, so I really dont see how the contract was loopsided. I suppose politician will always be politician..sorry who are they again? NewGen Society?
I dont think the QR will be much of a surprise..likely to still be weak as guided by management. We should look forward to FY19 when the Cambodian project is running full steam. I have every confidence that Scicom can continue to secure more e govt projects..the next one apparently involve boarder control in another continent. With a new government and push towards competitive open tender, may be Scicom can even secure more projects in Malaysia instead of Myeg!
U can run mocics aka scicom corp comm but u cant hide anymore. Looks like this matter was spoken in the Board Meeting last week. Anyway u say it was won thru open tender. Or pre arranged open tender thru one OxxR?? Sounds familiar? Perhaps the same name will crop up in Scicom College too? Provided new source of revenue to Ministry of Edu or to Scicom actually? RM1000 per student just to register in your system? The same system which are based in your MD's house right? Its getting really interesting...
Interesting to think that I am the Corp Comm..lol. That I am definitely am not however, I do have their email address which is listed on their web site I believe....
I am curious - you have access to their Board Meeting? I love to be a fly on the wall for that one, can you bring me in?
RM1k+ per student - Majority of the revenue actually goes to Ministry of Education (EMGS) and not Scicom. Although Scicom is on revenue share basis as compared to most of the others players that normally get funding from government to start a project. Ministry of Education, as far as I know, did not come up with any money (you may correct me there if you know different as you seem to...)
Previously, foreign students pay colleges and their runners upwards of RM5k to RM10k for a VISA and the Ministry see none of those money while the approval process can takes up to 4-6 months to complete. Currently, the cost is RM1k+ and has turn around time of two weeks for approval. As a foreign student, which do you prefer?
Vanisha, maybe you are the spoke person from one of the colleges that got this stream of revenue cut out from under....just may be...are you? or one of the many colleges that got closed down by KDN last year?
While I heard that they have been trying to replicate EMGS in Sri Lanka but I am not sure if they have secured anything there as yet - other than the BPO with banks and airlines. If it is, it will be fantastic for the company of course. Personally I think Cambodia contract can be very substantial judging by the growing traveler number though the airports (those number can be verified)
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....
warchest
1,814 posts
Posted by warchest > 2017-11-20 15:23 | Report Abuse
I think going forward the excitement in the company going to diminish soon