1st time it is giving dividends. Good ACE company and hope it go to Main Board soon. At least the profits is shared now. Worth investing and bright future.
They should keep prices up when ESOS are out on 5th March. 2014. The employees are most important people in fundamentals of N2N. This is the way to share the wealth and maintain strength in the company. When the workers are happy, everybody will follow to be happy.
N2N Connect (N2N MK) ----------------------DATED 11//03//14 Technical BUY with +22.7% potential return Last price : RM0.815 Target Price : RM0.930, RM1.00 Support : RM0.750 Stop-loss: RM0.745 BUY with a target price of RM1.00 with a stop loss placed below RM0.745. N2N’s share price has retraced from the recent high of RM0.815 and consolidated within the “pennant” pattern in the last 10 days. However, yesterday’s gain on the back of a higher trading volume of 1.1m shares (vs. 20-day average of 0.8m) suggests a genuine breakout and establishment of a new up-leg. The share price has also pulled away from both the 10-day and 21-day SMA lines, indicating upward continuation of the previous uptrend. Given the bullish crossover in both the Stochastic and DMI, we expect the share price to nudge higher and thus peg our medium-term target at the psychological resistance level of RM1.00 which is equivalent to the 1.61x Fibonacci extension target.
A lot of warrants was converted to Mother Share recently at less than half of the current price. Could these shares be sold and causing the price to drop?
Angelina2 Pls refer to company corporate @ bursa website. It's clearly mentioned last year when it did the warrant rts & also in Feb this yr when announcing dividend.
Company announced conversion px for 1st yr is 0.32; 2nd & 3rd yr is 0.38 then 4th until b4 expiry is 0.45. Angelina2, I m not bluffing. Pls refer to company announcement!
Angelina2, I hv full confident on this company & it's management which will continue to prosper my coffers. I m not thinking of disposing it yet even currently I m making close to 400%!
Mervellady. It is call mini bursa because Bursa malaysia is using N2n system. Not only Bursa, a lot of securities ie CIMB securities are using the system provided by N2n.
N2N-Employees Share Option Scheme ("Scheme") 16 Apr 2014, 16:59 N2N-Employees' Share Option Scheme ("Scheme") LISTING'S CIRCULAR NO L/Q : 70310 OF 2014 Kindly be advised that the abovementioned Company¿s additional 20,000 new ordinary shares of RM0 10 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9 00 a m , Friday, 18 April 2014 Sr Mgr, Issuers, Listing Div N201404165100041EN
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....
oasischeah
1,461 posts
Posted by oasischeah > 2014-02-26 10:30 | Report Abuse
Yes. Hope it drop to around 0.70cents and I will pick up for long term investment.