Hahahaha...foreign funds dumping this stock from 3.80 till all the way down to 1.10 sen. Now price supported by the CEO. Let see how the 1st QE12 will be. Will be announced mid next month.
PTPTN has received about 6 million from fed gov to sponsors student in educational programme... so keep wacthing... SEGi still needs improvement to restructure back... fundamental always looking to SEGi n MEGB
as i told it before, MEGB share more better than SEGi... today who have already buy MEGB like me should gain some profit... not like SEGi, still needs improvement... but tomorrow market?i still dont know about it...
1. PTPTN's loan scheme has impacted the Group's revenue in which students who have enrolled with Masterskill after 1st Jun 2011 will receive reduced funding from PTPN to pay for the fees from 60k to 45k only to be made available to each eligible student. As such MEGB has to reduced the diploma fees to 50k.
2. The increase in minimum entry requipment for nursing programme from 3 credits to 5 credits (SPM) has also impacted the number of students joining the programme.
3. Academic staffs cost increased in line with the Malaysian Qualification Agency (MQA) requirement standard in which the teaching to student ratio for science programmes is 1: 20 instead of 1: 30 previously.
4. Earnings was also impacted by higher operating overheads due to the company's on-going expansion plans, which also resulted in higher depreciation and staff costs
MEGB - normally takes a mth of slow climb & follows by a huge plunge within half a month. After hitting 1.22 @ 12/4, now look for the pluge to take place, abeit not as ferocious as the one we have witnessed from July 10 to Oct 11
(i) the reduction in the PTPTN’s loan schedule and (ii)the increase in the minimum entry requirements by the Malaysian Nursing Board, which had led to a drop in student enrolment,
the Board of Directors of MEGB ("Board")
(i) has decided to defer the construction of buildings for their proposed main campus for the time being and (ii)to reallocate the unutilised amount allocated for the purchase of land and construction of buildings amounting to RM76.97 million for use as working capital in view that such sum has not been utilised within the expected timeframe of twenty four (24) months as disclosed in the Prospectus.
Well, Q1 not going to be good and to those holding its going to be a rough ride next week onwards.
Well, this counter is not for those weak heart! Hahahahahah......! Dropping from 3.80 till the new low at 0.940sen. To those holding all the best. For me, never like this counter cos too much dependent on PTPTN's loan.
The reduction in the PTPTN’s loan schedule and the increase in the minimum entry requirements by the Malaysian Nursing Board had led to drop on student intake.
Imagine without PTPTN's loan, what’s going to happen to this counter? Hehehehe!! So folks, be extra careful with your hard earned money when investing.
Bursa website today. Using the fund raised from IPO to pay dividend. Fund supposed for development of campus, and now making the major shareholders wealthy.
i)MEGB has decided to defer the construction of buildings for their proposed main campus for the time being and the unutilised amount of RM76.97 million for use as working capital in view that such sum has not been utilised within the expected timeframe of twenty four (24) months as disclosed in the Prospectus. MEGB has declared a dividend of 14.64 sen totaling Rm60.01 million. Payment will be on 3/7/2012.
Hahahhahaha....Eventhough making a loss, MEGB is using Ipo cash for the proposed main campus(Rm76.97 million) to pay for dividend.
Q: Will this dividend payment be the last dividend from MEGB? A: My assumption probably yes!
ii) For the 1QE12 MEGB is making a loss of Rm4.372 million. The previous 1QE11 the profit was at Rm24.879 million.
Q: Will the 2QE12 MEGB making a loss also? A: My assumption mostly yes!
So to those holding, good luck. Predicted will drop further after the Entitlement date that is 12/06/2012.
Well for me , not interested to invest in this counter.
HwangDBS Research - 29 May 2012 Price Target : 0.70
1Q12 registered RM2.9m net loss. Surprised with 14.64 sen DPS (14.5% net yield) despite poor result. Maintain FULLY VALUED rating and RM0.70 TP (pegged to 10x FY12F EPS of 7.0 sen).
Previously we call it Masterskill when it make profit with high dividen. Today when this company not making profit , we take out the charater "S" and we call it "Master kill " The meaning of S is $ does it make sence to you. ?........
That is because of the analysts dog holding a lot of megb share and simple comment the company may distribute special dividen after displose all property to other company. see yesterday close at 0.575. This is a good leason to learn if you read any good predict news by any of the analysts Dog better do not jump into this trap......
i tink got ppl manipulate the shares only, every time the prices down abit, got ppl simply buy 1 lot only to buoy up the price, 1 lot megb= rm 58 only, so small value
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....
mrkas
82 posts
Posted by mrkas > 2012-02-02 22:42 | Report Abuse
it's time to accumulate, foreign fund would be buying...