The dealer is supporting Dnex & Dnex-WD but they are only willing to maintain Censof at RM0.365-RM0.37. Why? I am worry as Censof is RM0.1 share and Dnex is RM0.2 share.
The higher the risk, the higher the return. But now at RMRM0.13-135, the risk is higher and the return may not be that attractive as compared to when the price is RM0.09 and the highest it can go may be limit to RM0.15-016.
censof wa cant go, coz exercise price too high... Instrument Type : Warrants Description : CENSOF HOLDINGS BERHAD (FORMERLY KNOWN AS CENTURY SOFTWARE HOLDINGS BERHAD) ("CENSOF" OR THE "COMPANY") BONUS ISSUE OF 43,025,000 WARRANTS ("WARRANT(S)") IN CENSOF ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY EIGHT (8) EXISTING ORDINARY SHARES OF RM0.10 EACH IN CENSOF ("CENSOF SHARE(S)" OR "SHARE(S)") ("BONUS ISSUE OF WARRANTS") Listing Date : 25/07/2012 Issue Date : 19/07/2012 Issue/ Ask Price : MYR 0.0000 Issue Size in Unit : 43,025,000 Maturity Date : 18/07/2017 Revised Maturity Date : Exercise/Conversion Period : 5.00 Year(s) Revised Exercise/Conversion Period : Exercise/ Strike/ Conversion Price : MYR 0.4600 Revised Exercise/ Strike/ Conversion Price : Exercise/ Conversion Ratio : 1 Warrant : 1 Censof Share Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Cash Settlement Type/ Convertible into : Physical (Shares) Remarks : The Warrants are issued at no cost to the shareholders of Censof on the basis of one (1) Warrant for every eight (8) Censof Shares held by the shareholders of Censof whose names appear in the record of depositors on 18 July 2012.
Out of the 43,025,000 warrants, 13,529,000 have been converted with the balance of 29,495,000 warrants. When the price of Censof-WA was at RM0.09, I said that there is a chance, the dealer might goreng as the balance of warrants is relatively small. The dealer could still push up if they are confident of trap some more ikan bilis. The main target is to have net seller within a period of time.
What is the Censof's dealer waiting for? There is no force sell. Condition is ripe and the right time to push higher and yet the buying rate for today is 31% ( much lower than warrants, & Dnex's group). It can't be game over as the dealer should be holding enough shares to push. From the historical record, it should be easy for Censof to be pushed up to RM0.45. After that, it would have to depend on those who have been holding shares with purchase price of >RM0.45.
That's a strong rumours that CENSOF has sold their share in DNEX around 130 millions at 0.43 cents at 4.15pm. What will happen to CENSOF price if this new is true? Going up or going down?
If I am not mistaken, Censof is pledging DNEX shares for loan. I am not sure how many Dnex shares Censof used to pledge for loan? I have to find out. I personally think that there is no benefit for Censof to hold onto Dnex shares if Dnex does not declare dividend or declare even little dividend. I will fully agree to sell all Dnex share and use the money to acquire new business.
If Censof is selling Dnex shares, there is limitation for dealer to push up Dnex's share because it will benefit Censof until such time that Censof has disposed all Dnex shares.
At RM0.43, to despose off 130 million Dnex shares has generated RM55.9 million and with the balance of 180.72 million Dnex shares to go. May be at RM0.5, it will generate another RM90.36 million. With that Censof will have negative gearing and RM100+ million cash on hand.
You have heard all the good news about Dnex but nothing on Censof. In the beginning, Censof holds 45.03% from Khazanah @RM0.2. and Censof has managed to transform Dnex into a very profitable company. Do you think Censof will not benefit from it?
My logic tells me that Dnex will not move up very much unless Censof disposes off all the remaining shares. Censof, as a company does not benefit much ( only dividend if any) in holding 180.72 million shares. Disposing off will unlock the potential of acquiring new business.
KingDavid.. I'm new in this situation. Censof hold it 17.53% in Dnex shares. Let say its true Censof sell 130 million in Dnex shares, normally the price of Censof stocks should be up or down?
newrookie, No one knows. It all depends on " what we normal called them - dealer or shark or....". These dealers decide whether to push up or down for their benefit. Sometimes they act on behalf of major shareholders of a company. It is more on psychology than business. Off course, the fundamental of the company is most important as short, medium or long term. You have to combine psychology and logic to make a decision to sell or buy. Every one is looking at it differently. Most are following blindly.
Censof did not sell Dnex shares. En. Azman bin Karim sold 130 million shares to En. Zainal Abidin Abd Jalil, the group MD of Dnex. Azman still holds 62.4 million Dnex shares. At least we know now, Censof is still the 2nd biggest shareholder of Dnex.
With Datuk Samsul Husin ( shareholder of SAAS Global S/B, the biggest shareholder in Censof) as Executive Deputy Chairman of DNEX and Censof as the 2nd biggest shareholder of Dnex, I don't think Datuk Samsul Husin will not take care of the interest of Censof. As long as Trump does not bomb North Korea, the price should go up sooner of later.
dont care whether censof become first or second, as long as dnex earn money, sure censof will benefit from it. i m sure censof wont give up this golden egg
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....
jl88
1,446 posts
Posted by jl88 > 2017-04-08 12:05 | Report Abuse
follow DNEX uptrend