I am noticing that many more small investors are buying Censof at RM0.42. My advice is that you can not buy for contra as the master is smarter and you need to hold for profit.
With index down almost 6 points and closed at RM0.41. It is quite satisfying even though transaction vol did not achieve 40 million shares. Much more room for upside. I believe the main engine has not started yet.
I bought 100,000 shares 3 weeks ago, average price 36 cents...2 weeks ago Censof was drops to lower 31.5 cents, felt disappointed, but lucky didnt sell due to panic...haha
Based on the past few months, very few investors interested in Censof. Whether the price is RM0.3 or RM0.4. Could it be that most investors are stuck with high purchased price from RM0.45-RM0.65?
李泰神, hopefully this time is reverse pattern. For analysis purpose, on 2/5 : RM0.355-0.405 70 millions, 3/5 : RM0.405-0.42 35.7 million, 4/5 : 0.385-0.405 10.6 million, today RM0.385-0.395 0.42 million. Today is T3 of 2/5 and the transaction vol is less than 1% of those on 2/5. Someone is accumulating, right?
KUALA LUMPUR (May 8): Censof Holdings Bhd has bagged a contract worth RM7.5 million for the maintenance of application, hardware and licence renewal for the Inland Revenue Board's revenue accounting system or eRAS.
In a bourse filing today, Censof said its wholly-owned unit Century Software (Malaysia) Sdn Bhd has accepted a letter of award from the board, also known as Lembaga Hasil Dalam Negeri Malaysia (LHDN).
Censof said the contract is for three years starting from Nov 19, 2017 to Nov 18, 2020.
Barring any unforeseen circumstances, Censof said its board of directors expect the contract to contribute positively to the group's future earnings.
Shares in Censof closed unchanged at 39 sen today for a market capitalisation of RM200.68 million.
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 > 2017-05-03 10:04 | Report Abuse
I am noticing that many more small investors are buying Censof at RM0.42. My advice is that you can not buy for contra as the master is smarter and you need to hold for profit.