told you so...shareholders sold another three millions shares.- pushed to 0.51 then sell...but pandai..said sold at 0.48....now back to 0.475.. still can go down summore...dont buy...or else your money will be trapped....wait at 0.42..
Sheep, not like this see one... What logic director cannot dispose some shares to get some pocket money. 3 million is what? After disposal he still has 175,937,954 shares!
Anyway, that was last week. Announced only this week.
yea, pumped up for them to throw again...then convert iculs to shares cheap cheap....wakakaka and poor minority share holders picking overvalue d shares...
Director sold at 0.48 a week ago. Today still 0.48 Lowest was 0.470, highest was 0.525 in June 2014 How come director did not sell at 0.525, instead sold this low ? Yr theory tarak betul lah! U got follow all d news or not? U dah Cabot ya? Kikikik!
No. The directors are dealing with big corporation. Still have 15 million to convert from note into shares. So wait till they finish converting. I believe that other corporations are also looking at the opportunity. Hopefully, EPF can come in to invest in the company.
The 25 million Ringgit under Trench 1 of 100 million notes was part of the fund used to acquire 45.3% of DNEX (previously Time Engineering). Even all 25 million notes are converted to Censof shares, it is the money well spent. Why? Censof is paying only RM0.2 per DNEX share. The current DNEX share price is RM0.305. There is paper gain of over RM35 million. Every RM0.01 of DNEX share gain, RM3.5 million paper gain for Censof. So no debt but correctly said dilute the censof share.
Agreed - sure win at RM0.42 but do you have chance to buy at that price? More GST counters are starting to push their share prices up. For the past 1 week, share price of IFCAMSC is moving up. RM0.48 is already cheap. Don't miss the boat.
hahaha, shares no laku. no one picking up..how to disposed of its 100 million iculs/shares along the way? Now they try to give free warrants..nit not buy rights.... so desperate lo...
guys..how the warrant works? issuing free warrant and then collect money from investors? Dont understand the warrant mechanism...anyone care to enlighten?
very smart move by censof management. they push out free warrants to force those them to take up the remaining rcmn. look later today or 2mr how much additional listing will be announced.
Free warrants is meant to reward shareholders.So shareholders will expect capital gain at the end. Censof shares will look cheaper after the right issue, thus attracting more buying.. hehehe...
afraid without strong announcement supports, it may drops below 0.50 level again (next week). If it's able to break thru 0.53-0.54, up to 0.55/above, good chance to go north then. Else when high chance it moves south again to 0.47-0.48 level.
Wiseeye, you are right. Those who still hold another RM15 million under RCMN, must decide to convert from notes to shares. On the other hand, Censof share price will move up, making it more expensive to convert if they still take their sweet time. But, I think there is bigger thing to come for Censof. Just wait for more good news. At RM0.5, Censof is a bergain. Don't miss the boat. The engine is just warming up. Good luck and happy trading.
This is indeed a strong announcement. Free warrants-B 1 for 4 existing at RM0.46 exercise price. Same as Warants-A. Now the warants-A share price is at RM0.295 divided by 4 = RM0.07375. Therefore, Censof should gain by at least RM0.07 without taking any other factors into consideration. Is my logic make sense?
As June quarter end just over & Censof have advantage to quick view on their profit & loss, they foreseen huge net profit & revenue improvement. Thus, this is just a small way to reward themself / shareholders. Giving free warrants 1 for 4 existing share at RM0.46 exercise price is a to make shareholders become richer and richer. Easily 10-20% capital gain!
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....
Govin Chuah
843 posts
Posted by Govin Chuah > 2014-06-30 10:59 | Report Abuse
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