Everything is looking good. Transaction vol is over 32 million shares, price has broken through RM0.4. I am hopeful, more upward trend is coming. Happy trading.
The master is trying to pressure the price down. I don't think there are much selling pressure. Based on chart, selling pressure will only come in RM0.45. So hold tide.
As for DNeX, the selling pressure is already high. Every one is expecting good news. At some point, the consolidation must happen before it can move higher. So I believe the master is switching to Censof slowly but surely.
DNeX @ RM0.65 x 298.6 million = RM194.1 million / 501 million Censof shares = RM0.39 per share. The current price of Censof is too low. Why is the master not buying it?
Type of transaction Description of Others Date of change No of securities Price Transacted ($$) Disposed 13 Apr 2017 11,861,000 0.430
Circumstances by reason of which change has occurred Disposal of shares via Direct Business Transaction by Kenanga Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Censof Holdings Berhad. Nature of interest Direct Direct (units) 298,939,369 Direct (%) 17.149 Indirect/deemed interest (units) Indirect/deemed interest (%) Total no of securities after change 298,939,369 Date of notice 14 Apr 2017
Censoft is still holding Dnex 298.939m shares, worth Rm198.79m. As at today Censoft market cap is Rm 201m. That mean what?? Censoft got lots of room to increase, possible limit up tomorrow. Cheer!
yup, foreign funds are in DNEX..rarely does his happen for a penny status stock..they were in between 40 and 45 sen and some maybe even earlier. http://dnex.listedcompany.com/shareholders.html
I think the master is pushing DNeX & Wd because it is hot. No good news yet on Censof except as 2nd biggest shareholder of DNeX. Censof is only dragging along with DNeX. Is Censof doing well on it's own?
There is limitation for DNeX to move up further until a process of consolidation. DNeX's performance is beyond expectation of many experienced investors. How long the foreign investors are willing to hold DNeX's shares is a big question mark? My conclusion is that at the current price, it is better to buy Censof than DNeX.
What is the fair value of Censof's share? As DNeX's shareholder, it is worth RM0.405-RM0.41 now and it's net worth RM0.3238 based 3rd quarter finacial result, therefore should be RM0.7338 per share, right?
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
2,666 posts
Posted by KingDavid > 2017-05-02 10:22 | Report Abuse
Hi ! where are you all? not excited ? Or only few investors left to support Censof.