Just Keep on collect before kick off....now GST process is going very fast at background now......once announced kick off we are no such price to collect already.
I don't know why people want to buy when the share wakes up, and trading at all time high. I on the other will buy when the company is sleeping and enjoy my profits later. Isn't that sensible enough for you?
KingDavid, the special RCN you noticed in Bursa announcement is not relating to issuance of RCN. Those addional listing announcement relates to conversion of the RCNs as Bursa requires update of such events by the Company to track the latest latest number of ordinary shares.
On a seperate note, I have a very good feeling this company will shine in the 2H of the year onwards and will perform very strongly in 2015, followed by early 2016 when all government agencies started using OBB to standardize budgeting formats across all gov agencies and ministries.
3 years in a row Censof will have strong and confirmed catalysts and it's just a matter of time for it to happen. People are still standing by the lines due to herd instincts. When they don't see surge in the prices, they will not jump in to buy. That is how we differentiate big winners and common investors. People that will hit it big are those that has already bought this company at a reasonable price like now.
The problem remains. The 1st tranche of RM25 million of the total RM100 million RCN has been confirmed and the conversion price is fixed at 88% of the market price. Moreover, under the 1st tranche of RM25 million, only the first issuance of RM1.25 million has been made on 9/1/2014. There are 19 more issuance of RM1.25 million under 1st Tranche. The purpose of RCN is supposed to be used to finance the purchase of 45% of Time Engineering. Why only RM1.25 million has been paid up till now? 2nd, 3rd and 4th Tranche of RM25 million, RM30 million and RM20 million have not been confirmed. Is there anybody understand why?
KingDavd - Kenanga Investment Bank Bhd has been mandated by Censof as the sole principal adviser, lead arranger, lead manager and facility agent in respect of the RCN. “Proceeds from the issuance will be used to finance the general working capital requirements, investments and general corporate purposes of Censof and/or its subsidiaries, including future strategic acquisitions and/or repayment of any borrowings undertaken to fund such strategic acquisitions. “The redeemable convertible CP/MTN programme has a programme life of three years from the date of its first issuance,” Kenanga Investment said in a statement last Friday.
They can choose not to use up fully the RM100m. Only if there are future acquisitions they might use it. Hope you get it.
Thank you for your sharing. Please check again that the outstanding RM22.1 million of 1st Tranche (RM25 million) has yet to convert to Censof shares. The first RM2.5 million has been converted at RM0.45 per share. The RM400K has been converted at RM0.422 per share. The conversion price is based on the average 3 trading days based on the floating conversion price. Please advise.
Another RM400k of shares @RM0.422 has been converted. Another RM21.7 million waiting to be converted. What is the benefit for the company? If not for this arrangement, share price of Censof should have been much higher by now. Agreed?
kenken85, yes, usually when GHLSYS surges, Censof will follow suit. I've noticed from this 2 counters very often, since many months back. I think the next good bet is Censof.
Censoft should be getting good news on GST awards ,........coming as the gst CURRENTLY IS TABLE IN Parliment once its passed ...will follow suit with award
Roseflower, true, censof lacks aggressiveness. Hopefully it will turn into another GHLSYS soon. Both companies are e-payment counters and GHLSYS has been lying dormant for quite some time too, only recently it woke up. Probably censof catalysts are coming, but once it comes i have a good feeling it will surge, as this is the best potential stock for GST play.
Ahli-ahli Parlimen BN bersorak bila menang undi belah bagi luluskan rang undang-undang GST. 118 BN sokong, 81 Pakatan menolak. GST is ready on the road soon..
Its been staying at around this price for a very long time, and it will not move until there are good news from the company. This company is quite different from GHLSYS where investors can clearly see the path they are heading despite making losses in Q4 due to one-off expenses.
Until Censof is able to prove so, it will be trading sideways. Not a good technical play but good for fundamental investors willing to wait but seeking for explosive growth in the coming few months when contracts are clinched.
I'm from this industry so I know pretty well how's the GST hype going. GST was just passed in the parliament yesterday, hence a step closer to Censof clinching some big deals with its existing goverment agency customers. I have a feeling they are able to get back most of its clients, tat'll be approximately 80 companies with RM400,000 to RM500,000 fees for each company, with high profit margins.
They can easily make 50% profit margin or more from softwares only, assuming fixed costs are covered.
Training will be another source of revenue they can earn greatly in the coming months with GST training schedules piling up.
I am pretty confident this company will turn out to be something like GHLSYS, maybe not as good, but it will definitely have huge potential, without taking OBB projects. If we assume, as what is promised by the government, that all gov ministries will use OBB by 2016 (MYResults - produced jointly by censof and MIMOS), they will be earning much more than what censof can earn from GST.
By that time, I have faith that censof will turn into another Prestariang (as what is predicted by analysts in Star newspapers, if all these catalysts I mentioned above comes true). However, this could be a bigger thing than Prestariang as censof has GST, OBB and most importantly DagangNet, after acquiring TIME Engineering.
There is a huge synergistic benefit to cross-sell there and there could be increase in B2G e-payments. With all these in place, this could turn out to be much bigger than what Prestariang is offering. Of course, all these catalysts take time to materialize, but if traders want to make a killing in the next week or two, I can tell it is impossible.
So why not, buy and hold, and make a killing when all these materializes, in which I expect a minimum one year holding period from today and if you guys are patient and want to make more with OBB MYResults catalysts, I suggest 2 years holding period from today.
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....
WiseEye
1,199 posts
Posted by WiseEye > 2014-03-21 16:52 | Report Abuse
amit khindriya, yes fair price to buy from shallow people like u. sell to us at 0.38 please.