Censof is dependent on Dnex. Censof is going to continue lagging behind Dnex & Dnex-Wd. We just have to accept it if you are still holding on the shares.
Censof should be doing good with it's software businesses. The question is now if the Censof business is independent enough to generate profits after impairment 2 years ago. Their business is largely dependent on government and if they continuous to have repayment issues from clients and accumulated debts, it's hard for software business like this to sustain.
pineapple123, you are right that Censof is dependent on government projects. Those good government projects have been given to Dnex. Censof is trying to establish itself in South East Asia but it will take time. The short term prospect is only dependent on Dnex's shares. Disposing it off slowly as Dnex's price is going up. Censof is also hoping for bonus issue from Dnex during this coming Dnex's agm
For few reasons I have lost hope on Censof. First, Censof is lagging behind Dnex-wd. Second, the transaction is always smaller as compared to Dnex & Dnex-wd, Third, Censof has been treated secondary to Dnex & Dnex-Wd, Fourth, Datuk Samsul has not been doing a good job as deputy Chairman of Dnex representing Censof.
The hope is in the hand of the master ( dealer) who decide to go up or down or what target price. There is little logic in it. At current Dnex's price of RM0.505, by holding 298.86 million Dnex's shares, Censof is already indirectly worth = 150.92 million - That is @RM0.301 per Censof share. Now Censof's current price is RM0.34. Can any one tell me that Censof is only worth RM0.04 per share after deducting the RM0.301 per share? The funny thing is Dnex-Wd is higher than Censof !!! What a joke but this is the reality. So the hope is in the master's hand. I accept it already.
King David ..it will eventually happen...often only after we sell do prices reconcile..market needs to catch up with your rational logic. So hang on in there and you will be rewarded.
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 > 2017-04-20 16:44 | Report Abuse
It is very likely that Dnex is going to move up soon and Censof will be left behind.