james86, Censof will only benefit if Dnex declares dividend otherwise it is paper gain only unless Censof disposes off the Dnex share. I think Datuk Samsul ( major shareholder of Censof) as Deputy Chairman will fight for Censof as personally he does not hold any Dnex shares.
in my opinion, Dnex & Dnex-wd are consolidating at new high. It is perfect time for Censof to move up. The time is ripe unless something that we don't know is happening ebhind the scene
Something is wrong. Could it be that Censof the coming quarter financial result is bad? We must really take into consideration as Dnex is breaking away and Dnex-wd is catching Censof. The grandma is suffering while the son & grandson is flying.
Censof just sold 11,861,000 shares at 0.430, sell to Zainal Abidin. Censof has disposed off 11,861,000 shares of Dnex via Direct Market Transaction. Anyone know the difference between Direct market Transaction and Off Market Transaction. Not sure who is the buyer. Since number of shares sold is only about 0.6%, there will be no announcement on the buyer.http://www.bursamalaysia.com/market/listed-companies/company-announcements/5396373
I am worry that the result of last financial quarter is bad and therefore have to sell off 11.861 million Dnex shares to cover. If it is true, then we can not take Censof as long term investment. But if it is used to acquire new business, then there is hope.
It seems like Censof has been disconnected with Dnex even though Censof still holds 17+% shares ( 298.86 million) in Dnex. Dnex is going alone without Censof. As long as Dnex's price is moving up, it benefits directly to Censof. If Dnex is worth RM1.0, Censof will get 298.86 million, right?
I am very surprise that Censof could dispose off 11.861 million DNEX shares as the Dnex shares has been pledged to Bank for loan. That has to be more than what has been announced.
Dnex is in Dilemma because, the more the price being pushed higher, the more it benefit Censof. Dnex can not leave Censof alone till someone has purchased all the 298.86 million Dnex shares.
I just found out from announcement that Censof only pledged those Dnex shares from Kenanga (292,251,731 shares), Maybank (5,000,000 shares). Balance from RHB - After disposing 11, 861,000 shares - still have balance of 1,687,638 shares. But who was the buyer under direct business transaction. It can not be one of the major shareholders because as they have to declare any acquisition.
If Censof is falling behind Dnex-wd, I think Datuk Samsul has to be booed for representing Censof as Deputy executive Chairman. He is not doing a good job to protect the interest of Censof.
We as investor in Censof should turn up at this year AGM to voice our protest against Datuk Samsul for doing a lousy job for the interest of Censof at DNEX. What do you all think?
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....
KingDavid
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Posted by KingDavid > 2017-04-13 08:54 | Report Abuse
james86, Censof will only benefit if Dnex declares dividend otherwise it is paper gain only unless Censof disposes off the Dnex share. I think Datuk Samsul ( major shareholder of Censof) as Deputy Chairman will fight for Censof as personally he does not hold any Dnex shares.