To put the litigation case in simple layman's terms: -
1) Comcorp has already won the case on 3/10/13. This was when the High Court ruled in favour of them. Put that in your numbskull!!
2) But [UT+VT] "tak shiok" so they decided to appeal. It was not until 10/9/14 that the High court agreed to suspend the execution of the court judgment (made on 3/10/13). But there is a catch...[UT+VT] was ordered to park the judgment sum of RM12M into a joint Trust Account held by the lawyers, to which they complied. Thereafter,the appeal hearing date "ding-dong" for some time until it was heard on 28/8/15. Sepertimana yang dijangkakan, the judges buang their appeal out & affirmed the High court decision made on 3/10/13. Kikiki...
3) Again, [UT+VT} "tak shiok" so they appealed higher to the Federal Court. The hearing date continues to dilly-dally from 2/2/16 to 3/3/16 to 20/7/16....Malaysia boleh mar...kekeke...
So, besok is not about winning the case anymore but rather when is [UT+VT] going to stop their "tak shiok" nonsense and pay up ASAP. Ini bukan permainan TOTO...faham!!
BUY ALL U CAN .great things don't wait for u EARNINGS GOING FWD V GOOD FR R.E AND YR END FR SMART GRID AND SM METER .ONLY ONE CAUTION , DONT LET OWNER PAKAT WITH SYNDICATE TO DO PUMP AND DUMP .ALL READY TO LODGE COMPLAIN TO MINORITY WATCH AND SC. READ FOCUS FRED THAMS COMMENTS GOOD LUCK
Comcorp's operator might play Quantum jump, if the litigation come to an ending at Comcorp's favour. Else, we need to wait for the Bollinger Band to squeeze furthur bit more, before it start opening to lead an smoother up trending :)
@Elixir33 - Regrettably, what transpired on 21 June whereby Comcorp’s share price dipped sharply by 27 sen or 28.88% to 66.5 sen with 30.65 million shares traded within the last 20 minutes of the trading day was a classical case of “pumping-and-dumping”.
Having been served with an UMA query by Bursa on the same day itself, the owner must have told the syndicate to lay off. Moving forward, minority shareholders and retail investors should gang up and refer them to the Security Commission (SC) and Minority Shareholder Watchdog Group (MSWG) for excessive manipulations of its share price should such an incident recur.
As a matter of factually, Comcorp’s fundamentals were sound even up to the point of the plunge. Its PE was at an attractive level of 8.31x while its latest net profit for Q4FYE1/16 jumped to RM6.11mil year-on-year from RM708,000 previously (Q3FYE1/16: RM4.75mil).
As such, the owner owes the minority shareholders and retail investors a “duty of care” in restoring the share price to reflect its true intrinsic value based on a fair PE of 10 to 12x. Such due diligence will definitely restore confidence. At the same time, it will invite more investors (both local & foreign), fund managers, stockbrokers/remisiers and underwriters, among others to participate in its explosive growth potential...a win-win situation!
Comcorp should be trade above $1.15 today, if not overly pressing down by some one desperated for Cashing Out rite bfor its 1st qtr 2016 report. Continuing growing from group Ems order and others division start contributing on 2nd half2016, Comcorp should be re-rating.
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....
VenFx
14,784 posts
Posted by VenFx > 2016-07-19 21:53 | Report Abuse
Wondering the fellow has enough selling, or it juz left to right hand pocket ???