Good to close at RM0.495. If the vol. for tomorrow can maintain at RM14 million and close above RM0.50, then may be we can consider that finally the engine is warming up for a long trip to the north. Happy trading!
The only reason I could think of is another RM5 million of RCN yet to be converted. RM20 million has been converted, so the engine stalls waiting for fuel. Are these converted shares from RCN selling in the open market right now? Then what about to those 10% private placement at more than RM0.535 per share? A lot of ???? indeed. WiseEye, any comment?
You have to be a die hard follower of Censof to have the patience to wait. To all die hard follower of Censof, today is over and wait for another day. It could be tomorrow. Happy trading!
Even if we compare with GHLSYS, the current price is RM0.975 and the net worth per share IS RM0.388, then the share price of Censof should at least be RM0.60. Whatever angle we are looking at, Censof at RM0.495 is still a very attractive price to buy. Happy trading!
IFCAMSC is catching up $0.435. Very soon will be same price as Censof. This will cause spill effect to Censof as this is undervalue stock. They will jump to Censof. And soon Censof will rise as superstars. Malaysia Budget Day Oct-10 is one month away from now & soon you will laugh.
IFCA is catered for commercial business, while Censof is mostly for the Gov, just like MYEG and Prestariang. The big impact will definitely come from the Gov as the contracts are extremely huge. Its just a matter of time to prove this. Hold tight, wait and watch.
Further, KingDavid made a comparision with GHLSYS. This is very misleading as both Censof and GHLSYS do not provide the same business solutions. It is irrelevant to point this out and compare valuations like that. The premium built into GHLSYS is different compared to Censof due to difference in the perceived growth rate. Truthfully, GHLSYS deserves it current valuation while Censof is no doubt a very undervalued stock compared to IFCA.. Comparisons should be made against IFCA and not GHLSYS.
Not trying to defend any counters but please think first and comment wisely.
GST is not an easy topic. GST accounting need to be well supported by a very good software. Expect training income and IT upgrade from ports, government and commercial. Don't forget about DNEX customer base and oil & gas impact. IFCAMSC supports only property industry while Censof is for various industry. Bullish breakout soon!!!
Censof ever bought Time Engineering Bhd in 2013 for price about RM0.20 from Khazanah. At that time, Time price was around RM0.30. Why Khazanah willing to sell in such a low price? The recent private placement is to them.....?????? Hold tight....
It does not matter whether the company is providing the same business solution or not OR targeting government or private commercial or not, the ultimate value of the company is based on the net worth of the company. The potential growth of the company is important and it is depending on company projection. A good prospect company is always with good PER and high Net worth value of the company. Please do share with us how you choose company for investment.
KingDavid, the NTA ratio to share prices of the Company varies in different industries. HIgh growth counters ought to have higher share price in relation to NTA. Manufacturing companies may have higher NTA in comparison to share prices. It all depends on the perceived growth rate. You still seem to be clueless what I'm trying to imply here.
The Board of KSB(kheesan) had on 27th August 2014 approved the incorporation of the revaluation surplus, net of deferred tax, of RM4,241,955 in the consolidated financial statement of KSB for the financial year ended 30th June 2014.
The revaluation resulted in a revaluation surplus of RM4,241,955 and represents an increase of 4.03% of the unaudited net asset value as at 30th June 2014 of the Group. The net assets per share of the Group increased from RM1.61 to RM1.67 per share as at 30th June 2014
WiseEye, I am not an expert in share market but willing to share my 2 cents worth of my opinion and I am still learning from those experts. I really do not understand what you are talking about. GHLSYS, IFCAMSC and Censof are all under Technology section. Generally called small cap counters. The total Shares of 1) Censof = 433,646,071 shares @RM0.1, 2) GHLSYS = 422,756,491 shares @ RM0.20, 3) IFCAMSC = 450,075,350 shares @ RM0.1. The paid up capital for GHLSYS is about twice Censof and IFCAMSC. In term of Net worth per share of the company in comparison, 1) Censof = RM0.2417 per share @RM0.10, 2) GHLSYS = RM0.388 per share @ RM0.20, 3) IFCAMSC = RM0.12 @RM0.10. In term of gross profit ( not audited) 1) Censof = RM6.716 million last quarter ( April to June), 2) GHLSYS = RM3.557 million (April - June) 3) IFCAMSC = RM3.606 million ( April - June). Please share your opinion so that we can all learn from you.
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
2,666 posts
Posted by kingdavid > 2014-08-26 14:57 | Report Abuse
Current DNEX price is at RM0.335, Censof should be trading at RM0.81. Soft is steady with substance. The train may be moving now! Happy trading!