From what I understand the big brokers are already coming in to show an interest. 1 million shares certainly does not make you an institution , but look at the total shares at the Annual Report, this counter can be considered small . When I say small, too small to play up or goreng the shares.
EXTOL - OTHERS EXTOL MSC BERHAD (“EXTOL” or “the Company”) - Article in The Edge, Financial Daily
Announcement Type: General Announcement Company Name EXTOL MSC BERHAD (ACE Market) Stock Name EXTOL Date Announced 9 Jul 2014 Category General Announcement Reference No CC-140709-38245
Reference is made to the Article appearing in page 3 of The Edge, Financial Daily on Tuesday, 8 July 2014.
The Board of Directors of the Company wishes to clarify that the statement "Meanwhile, Mohd Nazifuddin Mohd Najib, the son of Prime Minister, Datuk Seri Najib Razak, is tipped to be the new CEO of Extol MSC, according to sources" is incorrect as the Board is not aware of any such information nor intend to appoint Mohd Nazifuddin Mohd Najib as the Company’s CEO.
Edge and the market says Nazifuddin is the next CEO. I got this reading from the Edge and check with a few big brokers all say same story . They are also buying big and looking at the volume I am inclined to believe them, one even claim that he is collecting for an institution. Now Bursa sings a different tune. In Malaysia rumors are actually true, but why he chicken out , we need to understand and dig a bit more. Looking at it,PM son certainly have impact on the market. Will go under ground to get more. .
new ceo new direction new director it time to make money nowwwww. hope the new director announce the new ceo asap so that the company can start the engine to be one of the well known and world class IT company
Here is a famous quote...*there is no smoke without a fire* :)
Posted by minahkarant > Jul 10, 2014 10:39 AM | Report Abuse
Edge and the market says Nazifuddin is the next CEO. I got this reading from the Edge and check with a few big brokers all say same story . They are also buying big and looking at the volume I am inclined to believe them, one even claim that he is collecting for an institution. Now Bursa sings a different tune. In Malaysia rumors are actually true, but why he chicken out , we need to understand and dig a bit more. Looking at it,PM son certainly have impact on the market. Will go under ground to get more. .
Okay why PM son did not take the CEO post I dont know the actual reason but it will come out soon. The other more important info are the main players like Manjung Utama, Crystal Privileges , the two Dato Lai holding 10 % of the company shares are staying put. The bigger boy is Swift Icon, as you can see they hold 26 million share has informed Bursa that they are disposing some in the open market. I believe the fall is this reduction by Swift. Now knowing the history of Swift, the disposal will not cause a drastic swallow dive and this price of .29 or .30 will be the base range. Will it fall to .24 or .25 ? No this will not happen and it will hurt them and the rest of the share holders. Now why it shot up to .35? That I believe was caused by the "true rumors" that PM son is going the be the new CEO causing excitement among the Brokers. But fundamentally , this counter has not change structurally since the new Shareholders took over. Conclusion ? The show is not over yet and please la, don't panic for there is no cause to panic. When will they play up the market? I honestly dont know la, but I know this much Manjung Utama , Crystal Privileges and the Datos are not sitting too long and grow a beard. I will wait! Hey! anyone can disagee with my observations but if you have news share la please.
TP, in my opinion is a dirty word. I have in my analysis seen TP being blow way off the roof when the market goes crazy. You all have seen it and you know the score. On the other side of the spectrum you have seen TP being predicted but it did not even reach the point. Let me illustrate an example as recent as yesterday. Look at Sumatech(1201) a company own by Halim Saat an O & G counter. This counter is under PN17 and the price was like around .27/.29. Yesterday there was an announcement that the PM brother Johari has been appointed as a director and boom early morning my brokers told me to check this counter. Within a day it shot up closing at .375. Hello PN 17 company performing so spectacularly. . So coming back to our counter , I say this la, hitting .40 is easy and it will happen soon. I was off in my prediction because I did not see the litigation and the old directors fighting to stay on. Now that they are out the overall situation remains unchanged , if you were to twist my hand and force me to give you a TP , my bet would be .50- .80 and I am being conservative . Look at the assets , this counter is not a kosong company and I can see the reason why they cherry pick this company to take over.
Perhaps contending for GST software too quietly? Look how YTL got into the high speed broadband business buying over a company. Think about that possibility.
Agreed if you were to look at the NAPS this company is only worth the figures that you say. This company is a losing company if you were to look at the books and what was reported. What I was given to understand is that this company have some valuable license , for instance laying of undersea cables for telecommunication. Currently a forensic audit is being carried out and lets see the results,
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Posted by vivtu > 2014-07-08 18:08 | Report Abuse
tks mkarat & arv18 for your thoughts...let see the flow for this week