NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): BONUS ISSUES CENSOF HOLDINGS BERHAD (“CENSOF” OR THE “COMPANY”) PROPOSED FREE WARRANTS ISSUE CENSOF HOLDINGS BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES Description CENSOF HOLDINGS BERHAD (“CENSOF” OR THE “COMPANY”)
PROPOSED FREE WARRANTS ISSUE
Reference is made to the announcement on 3 July 2014 in relation to the Proposed Free Warrants Issue (“Announcement”). For consistency, the abbreviations used throughout this announcement are the same as those previously defined in the Announcement.
On behalf of Censof, AmInvestment Bank Berhad is pleased to announce that the additional listing application in respect of the Proposed Free Warrants Issue has been submitted to Bursa Malaysia Securities Berhad on 6 August 2014.
FUTURE PROSPECTS The management foresees that the Group’s long-term prospects will remain positive moving forth with growing market trends and advancing industry developments that are driving the demand for comprehensive ICT solutions. Firstly, the influx
of the Government Service Tax (“GST”) compliance system will not only generate opportunities for new implementation projects for the Group’s GST software; but also trigger demand for upgrading and training services from our over 80 existing government agencies that are currently using our products before the implementation of the GST compliance system. As mentioned earlier, the new synergistic benefits
that our new subsidiary DNEX will result in an enlarged platform of comprehensive solutions and expertise to engage in future projects. Moving forward, Censof believes that it will continue to penetrate on strong organic growth with the market shifting towards electronic
financial management solutions that is driving trends upwards in a technologically advancing era.
Censof will fully redeem its medium term notes maturing 09/01/2017. The issue size of the MTN is RM 1.25 billion which the MTN was issued on 06/08/2014. No idea why it wants to redeem just a few days it was issued. anyone can enlighten me?
From The Edge: 1.Even censof directors do not know the target for overseas contribution. 2.institution investors are not interested in censof shares 3.profit for year end 2014 plunged to 1.11m from 9.33m in 2013 4.research house has removved censof shares from its coverage 5.only about 3% of companies registered GST so far
100% has confident the Censof will achieve its listable profit in Malaysia, Indonesia, Philippines and Middle east, no one can deny it, the time will tell,Censof's share price will move forward, just a matter of time only.
Agree with faralenz, no good news for censof at all. Even Kenanga remove it from coverage. They r the one before who said censof is good. What a joke, Kenanga. No integrity at all.
Serious investor, I recommend you read the Q report and you will notice that the boost in revenue and profit came from DNEX. DNEX has better chance for GST becos of Bumi company status and their software is used by Kastam Diraja Malaysia. I recommend you buy DNEX @ $0.30 or lower and keep for 6 months. Please note there may be an impending rights issue @ $0.21 with FOC warrant at a ratio of 3 rights + 3 warrants for every 5 shares held. Now this proposal awaiting approval for the authorities.
IFCAMSC is now trading at RM0.32-0.325. Net assets per share is RM0.12. Dnex is trading at RM0.32, net asset per share is RM0.1. Censof is trading at RM0.48, net assets per share is RM0.2417. Which one has better value? Definitely Censof.
Now IFCAMSC is trading at RM0.355, based on the same ratio of net asset per share, Censof should be trading at RM0.715 and DNEX should be trading at RM0.295. So which counter to buy?
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....
Insanity
242 posts
Posted by Insanity > 2014-08-06 13:25 | Report Abuse
I keep it