angry with this counter. Sell on strength. no money, hutang olang...knew Dnex is gem but still forced to sell 52 millions shares at 0.265.... bleeding heavily.
now Dnex is flying high..could be reach 40cent soon..so Censof who owns 18% of Dnex should follow next..hopefully quarter result is good..then no problem to reach 30 cent
Prospects for 2017-extract from Dnex Q4 FY 31/12/2016
The Group completed its transformation to become a stronger company with two core businesses and a healthy balance sheet with zero gearing in 2016. It is well-positioned to compete for new businesses and extend its growth momentum.
The Group’s Information Technology business continues to firm up its e-services by broadening its product range in business-to-business segment to complement the Group’s position in delivering business-to-government services. We have further extended our core IT and e-services capability to serve specific requirements of customers comprising authorities, agencies, and companies. The eWork Permit System is one of such service.
The Group was awarded a total subcontract to operate and manage the VEP&RC Contract worth RM104.3 million for a total of five years by Government of Malaysia. Regionally, we have been appointed as exclusive Project Consultant for the Road Charge Vehicle Entry Permit System for the Thailand-Malaysia border and any other borders to Thailand.
The Group income performance is expected to perform well in tandem with the improving cruel oil price outlook. The recent success in securing two (2) mini bids under the PETRONAS Carigali Umbrella Contract, by the Group’s directional drilling unit has further open up a new revenue stream to the Group’s Energy business on top of the revenue from OGPC Group.
Barring any unforeseen circumstances, the Group expects to deliver positive results for the year 2017.
Dnex 4q result =1.7ct.Say X4 for year =6.8ct.if base on PE 10,dnex shd worth 68ct.Then censof worth 0.68x1735/502x18%=0.42,plus 5ct for it own business .so atleast 0.47
As mention by john Lu this method not really work.mycron market cap is 240m.Melewar share issued is 226m.240/226x72%=0.76.Melewar shd worth 0.76.But now Melewar price only 0.37
The method wont work if censof keep losing money on its biz..but if they can generate good profit,investment in dnex can be a bonus to push the price up
censof have a wipe off impairment before. very high linked with gov projects. can say all gov projects all given to censof. another hard to die company. longgg censof
CENSOF has been trading above its upward sloping 20-Day Moving Average which is a good sign. The support and resistance level of CENSOF are 0.26 and 0.275 respectively. Based on the indicator analysis, the counter is primed for some price weakness as indicated by the RSI being in the overbought region.
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....
Ricky Lim Wei Yan
440 posts
Posted by Ricky Lim Wei Yan > 2017-02-20 11:57 | Report Abuse
Dnex move so much but censof only little