On 22/7, Censof replied the query by Bursa and has provided the details of the sales of 45 million shares of DNex for RM12.5 million. The 45 million DNeX shares was bought by 3 individuals, Mohd Isa bin Ismail, Nik Hamdan B.Daud and Zainal Abidin Jalil in cash. The purpose is to repay bank borrowing in October 2014. Any comments?
Maybank: Inks deal with DNex for online services. Malayan Banking (Maybank) and Dagang NeXchange (DNeX) has team up to provide a centralised online trade financing service. Maybank will use DNeX’s online trade financing to extend credit to exporters at more competitive rates. “The pending introduction of this online trade financing service augurs well with plans to expand our business by providing end-to-end, comprehensive e-commerce services for trade facilitation,” DNeX executive deputy chairman Datuk Samsul Husin said. The service which is expected to be available by year-end is aimed at providing timely and efficient electronic trade finance service for exporters, particularly those in the SME category. (StarBiz)
Quarterly report will be out very soon. With the realized profit of RM3.5 million from disposing 45 million DNEX shares, the quarterly earning should be quite good. It is more important to know what are coming for Censof. More good news and announcements are expected. The share price of Censof has been restraining from moving up for certain reasons. Only BOD of Censof will know. So time is the only factor left. Good luck and happy trading.
There have not been any corporate shareholder in the company such as EPF, Khazanal National Berhad, PNB, Unit Trust funds, Amanah and so on ....If you look at the changes in shareholding, only the MD, En.Samsul bin Husin and Ameer Bin Shaik Mydin under SAAS Global S/B are the main shareholder of the company. This is going to change as new major shareholders are arranged such as 10% private placement and conversion from 25 million RCN. In addtion RM12.5 million fund raised from disposing of DNEX shares reporting to be used for repayment in October shown that En.Samsul is focusing on Censof rather than Dnex. His main intention could be to acquire all the software business from Dnex to Censof and turn Dnex into Oil & Gas sector. On top of that, treating Dnex as an investment apart from the software business. Once the game plan is completed, share price of Censof will move up. Earning will surely improve as more contracts are being awarded from the government as well as from the private. This is just my opinion. Happy trading.
Censof's clientele consists of over 100 key government-related agencies and ministries. Notable clients are Social Security Organisation (Socso), Inland Revene Board (IRB) and the Finance Ministry.
"We value Censof at 58 sen, attaching financial year ending Dec 31, 2015 earnings per share of 3.6 sen against forward price to earnings ratio (PER) of 15.8 times, which is the average four quarter rolling PER over the past two years."
The price of Censof is not moving up as it should be due to the poor registration of companies for GST. Therefore getting of software is not there. Last minute rush to register GST before end of Dec will be there and good result will come in later.
Even though It is forming a descending triangle pattern but there are two factors that do not support further downward breakout. First, the Censof has not been in upward rally with strong volumn. Second, The lows were in thin volumn. So it is very likely that someone is controlling the price between RM0.48 - RM0.50. Don't worry. Fundamentally Censof is in strong position. The rally will come when the management is ready.
I was shocked to find out that Datuk Samsul position has been redesignated as Non-exeutive director from previous position as Managing Director. His partner, En.Ameer Bin Shail Mydin has been redesignated as Managing Director. Anyone know what is going on? Is Datuk Samsul moving to Dnex? He is the deputy chairman cum directror for Dnex
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 > 2014-07-23 00:19 | Report Abuse
On 22/7, Censof replied the query by Bursa and has provided the details of the sales of 45 million shares of DNex for RM12.5 million. The 45 million DNeX shares was bought by 3 individuals, Mohd Isa bin Ismail, Nik Hamdan B.Daud and Zainal Abidin Jalil in cash. The purpose is to repay bank borrowing in October 2014. Any comments?