why censof price lagged?? i). contribution from the recently aqcuired Dnex is uncertain. ii). many small individual investors hold on this counter for too long iii).its management/directors/CEOs are too contented with their co. iv).the co. lacks of good proff/highly skilled teams. It depends mainly on govt contracts only. .....my views only....happy happy trading....
@farelenz, you may be right. To me, I have different view of angle. I think this counter is overvalued. I think today volume and price failed to breakout. So sell off pressure will be coming. So, sell now.
It should be moving up! I think too many people are holding and expecting it to move up. That why the sharks are not interested. Please start selling and let the sharks collect your shares before you buy back again. Happy Trading.
Good or bad counters do not help you to make money. If you can predict what the sharks want, you make money. That is the only logic left to explain why Censof is not moving up. Most importantly be happy. Happy Trading.
For those boughty before free WB already make some satisfactory gains. But for those entering after WB free got to be patient. Actually the price of censof share is stable so far after the free wb
always_steady, the trading day is almost over, are you calling to sell Censof? Censof has been breaking the heart of many supporters. Even though most make paper gain but could not accept that IFCAMSC is flying so much higher than Censof, Right?
Kingdavid, I am not calling for sell. THat's just my personal thought. I also think censof can move higher than now at least 0.80 but seems it's not possible after failure to breakout today. So if i am having cash, i will not buy censof. Not to add into IFCA because risk is higher though it has potential to go higher. To buy censof, rather keep cash for other better opportunity.
Dnex financial ending 30/9/2014 is good and is better than IFCAMSC. The accumulated YTD 3 quarters PBT for DNEX is RM17.494 as compared to IFCAMSC RM13.722 million (3 quarters). Why is NNEX is not flying? Only time will tell and so does Censof. Happy trading.
I do notice malaysia pennies stock seem like being control by same organization.... 1 sec all drop and 1 sec up timing. This group of ppl sell of then whole market crash. More to come tommorow censof will close below 0.35.
Bullish breakout failed. But still in sideway. Not downtrend yet. If drop below 0.555, then consider downtrend. If downtrend, then the best buy will be at ....... to be continue
always_steady, what is your chart telling you now? chiam4192, I hope you are right. It is pushing the price up to RM0.59 and selling pressure is coming again at this level. Are the syndicate selling at this price? Happy trading.
I have the same feeling that the syndicate is holding a lot of shares but do not know what they are waiting. Once the wait is over, Censof will fly like rocket, right? Happy trading.
kingdavid, don't fully believe in chart. My chart tell sideway but if close below 0.57, then it's a bye bye. I hold no more share in censof, sold my the 1 and only 1,000 share. I think this counter will be always in sideway for another month. But the side bands now are really big. Why waste time on this counter? Go IFCA!
well, this might be my last message in censof (sensor off, not sensitive anymore) since i sold the 1 and only 1,000 share. Really hopeless counter (my personal thought).
always_steady, you may be right. Sideway now and continue.... I believe the syndicate is waiting to settle something before pushing up. What is that something? and How long does it take to settle? If you have the capacity to hold, you will be a winner. Happy trading.
On behalf of the Board of Directors of Censof (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Company is proposing to undertake a private placement of new ordinary shares of RM0.10 each in Censof (“Censof Share(s)” or “Share(s)”) ("Placement Shares") of up to ten percent (10%) of the issued and paid-up share capital of Censof to third party investor(s) to be identified and at an issue price to be determined later and in accordance with Section 132D of the Companies Act, 1965 (“Act”)(“Proposed Private Placement”). Further details of the Proposed Private Placement are set out in the attachment below. This announcement is dated 12 November 2014.
no money to pay staff salaries... Part of the private placement meant to do it.. wakaka. They dont even have confidence in making money to pay staff...wtf
Purpose of PRIVATE PLACEMENT is to raise capital by selling shares to institutions like banks, utual funds,insurance funds and pension funds, It is the opposite of a public issue. This time the money is used to buy DNEX rights.
The aim of these institutions is to ake money. They will not simply throw the shares in the open market. So they will wait for share price to go up first. Moreover they have restrited eime frame to sell their shares
That is the reason why the price of Censof has not been moving up. If the price is too high, then no one will take the private placement. It is really a bad timing as GST counters are all moving up. What to do? It will stabilize at the price the private institution is willing to take the offer. What price is anyone guest? Hopefully is around RM0.6.
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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....
caven101
911 posts
Posted by caven101 > 2014-11-10 10:54 | Report Abuse
IFCA up more than 50% the censof still in sleeping. (T_T)