look at the QR, its bad of only Rm1M ++profit for this quarter..the price may fall back to below RM1 soon...SBL will curse them of buying high of RM1.25...unless they immediately transfer to Main Board to salvage this status...bad bad bad
No foreign or institutional buyers of this counter if it remains at Ace Board. No margin (rather little sum) provided for funding to buy this counter...look like it has to save ownself.
However, if the interest, additional tax liability, tax penalty, and other significant non-cash items were being excluded, the Group registered a core profit of RM7.25 million in the current quarter under review, representing a growth of 57% as compared to the RM4.61 million in the previous year's corresponding quarter.
Problem is that no one read like you, dear Chome, they just dump n dump until panic case like last week ..from 1.35 to 1.03..of course traders take advantage only...
Micsoh, you are right. We all thought he meant higher price, in fact, he knew profit drop with price remain above RM1..but i still accumulate as i see it cash rich and heavy buy back. This round yet to see co buy back. Once he instructs to buy back, price goes back to 1.25 min
base on simple calculation . QR should be negative . since someone mention 1mil profit out of 9mil. then i really give credit to N2N accountant negative become positive .
SBI, Quick & Nikkei are partners in Japan....rights ? With this consolidation, SBI owns 25% of N2N, now N2N is an associated company, SBI is not merely treating as a significant major shareholders of N2N Investment in N2N), .therefore more planned JV actions could be exercised in an easy way ????? Put another words, N2N is beneficial to this corporate exercise and price will move depends on their next actions ??
Q&N Sold to SBI..internal corporate restructuring to make themselves more influential as second biggest shareholders in N2n...hopefully to bring in more activities and benefit the push of share price. Long waiting for its upgrade to main board
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....
steeelman
845 posts
Posted by steeelman > 2018-08-28 18:22 | Report Abuse
wah insider again ...