As long as the company is still making money and when the majority of noises have lost all hope and could not the daylight of it, it indicates that the time to buy is near. Moreover the NA is above the current Share price.
The executive Chairman is only the proxy of certain group who is/are in control of "DNeX" ship. Till the picture is clear, the ship is just cruising at minimum speed with the hope of not sailing into a storm.
The following matters will not materialize in Q1: 1. No closure on arbitration with CGP. Even though Executive Chairman stated to The Edge that will be closure in Q1. Based on his track record, it is likely talk only no action scenario again 2. Share price rebound to fair level. This will not happen given that the main reason for the price overhang will still not be resolved. Reason is existence of the current weak management team. 3. Board member that eat, do nothing, smile and wave at AGM, continue to do so instead of focusing on key audit and accounting matters and provide valuable advise.
The following matters are likely to happen in Q1: 1. Share price remains at depressed level, unless current weak management is removed in its entirety and replaced with quality competent individuals in technology and semiconductor industry. 2. Announce extremely poor results, and continue to blame it on macro environment and every other thing, except for their own incompetencies 3. No takers for private placement to dilute shareholders for sunset oil and gas industry. Despite being able to price the private placement at a significant discount and dilute minority shareholders, the private placement is likely delayed as no investors believe in investing in sunset industry + current weak management team
The weak management needs to be removed in its entirety, and shareholders should exercise their rights to lodge complaint and vote out the following: 1. Audit Committee Chairman - Publicly stated in her Facebook that she does nothing but smile and wave at AGM. In addition, she also stated that she pretend to be serious during her presence in the AGM.
At the same time, all shareholders that attended the AGM were suffering from value loss from share price, while this director is joking around.
2. Executive chairman - Talks too much but poor track record on execution.
Empty promises: - Mentioned in The Edge post that Silterra CGP issue will have closure in Q1, but no updates to date - Signs multiple MOU but no concrete revenue generating execution. While other companies are already making deals with Nvidia, the company is further left behind. Due to fear of shame and big ego, the shareholders and employees are the victims as the potential is not fully realized due to the incompetency of a few. - Lack of focus. Shareholders pays for his salary but he spends time sharing endless Middle East issues every minute on his Instagram during work hours. While his focus should be improving share price
3. Director of oil and gas division - Needs to be removed as speculation of taking the oil and gas arm private came out as news on The Edge, but few days later, this director resigned but still part of management team. This type of leadership is absolutely shameful.
4. Director with minimal experience and had no face to his name in the company’s website. Never appeared at AGM and his contributions to the company has not been made known to shareholders
Hypocritical executive chairman that can’t even settle his company’s share price that made so many of his shareholders poor, but yet going around giving talks on how to improve and run a company.
NIISE was mentioned in The Edge today, and DNeX was not even mentioned as a contender.
Just a few months ago, executive chairman was telling The Edge that they bid for the NIISE project.
This is an example of over promise under deliver.
It is clear that the management lacks ability in execution. With so many over promises such as MOU and news publications, the only contract wins are the mediocre contracts in a few millions.
Excellent management focus on execution and talk less.
Management that talks a lot but no execution, this kind of management is highly ineffective and incompetent
The biggest problem DNeX has is not the business. There is no real boss who care for the wellbeing of DNeX. The management team does not command majority of shareholdings. Unless someone or a team of shareholders who take control of the DNeX group, the ship is sailing aimlessly. The executive chairman is just a proxy for someone. Till the "someone" is ready or capable of taking control of the ship, we can't expect much from DNeX.
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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....
fl888
7,754 posts
Posted by fl888 > 2024-01-23 16:00 | Report Abuse
Anybody saw the CEO at the Istana Negara protest group today…