Someone is placing heavy selling pressure above and buying pressure below . They are collecting in the middle !! Better buy will definitely shoot up once they finish collecting
Recently there are insider start collecting this undervalued stock.
The recent profit for Destini is improving in 3rd quarter this year from 19million(last year 3rd quarter) to 24.4million(this year 3rd quarter). The total asset of company also improved from 681million(last year 3rd quarter) to 833million(3rd quarter this year). They are engaging in oil & Gas services and current oil price is getting good. Base on its profit, and asset, it is consider as "Undervalued" stock and very less people discover and not buy yet. Take the chance to buy this undervalued stock NOW before it rise ! Fast !
Last time suggested price : 0.515 and above Today price : 0.53 Target price : 0.65 and above.
Carurhead Success people see future. Whenever I come, there is where the stock will rise further.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DESTINI BERHAD ("DESTINI" OR "THE COMPANY") - Proposed Disposal of 51.92% Equity Interest in Green Pluslink Sdn Bhd
(Extracted from the attachment): 2.7 Original cost of investment in GPSB by Destini
Destini’s cost of investment in GPSB is as follows: Date No. of GPSB Shares Price per GPSB Shares Total RM RM 30 April 2014 2,500,000 0.68 1,700,000 3 June 2014 200,000 12.00 2,400,000 Total 2,700,000 - 4,100,000
The net book value of the investment in GPSB as at 31 December 2016 stood at RM 1.00 only.
The Proposed Disposal is expected to result in a gain on disposal of approximately RM4,100,000.00 after taking into consideration of the audited net book value of the investment in GPSB.
2.8 Utilisation of Proceeds The proceeds from the Proposed Disposal and the Long Term Loan to be received by Destini based on the schedule as set out in Sections 2.5.1(a) and 2.5.2(a) of this Announcement, shall be utilised for working capital purposes.
3. RATIONALE FOR THE PROPOSED DISPOSAL Destini Group is an integrated engineering solutions provider mainly involved in the aviation, marine, oil & gas and automotive industries, operating in Malaysia, Singapore, Middle East, Australia and China. The Proposed Disposal is a strategic move for Destini to remain aligned and focused on its core businesses.
DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN is one of the directors. He has been acquiring(buying) the company shares(either from the open mkt or off the mkt). More info can be found from the Bursa filing.
I think the director think that the share price will rise after disposal that mean can gain more profit. There is reason he bought back many share. It is good news.
its director keeps accumulating this share and the volume is quite huge thus it should be good news coming, can buy and keep, my personal TP is 0.7...frankly, fundamental wise, it looks still ok but price has been pressing down so much...hopefully, will get some huge projects moving forward....TA wise, uptrend
No one thanked me. If u had looked back the past postings, u would have noticed I was the one who mentioned some collections going on, way before Carurhead2 recommended..
Huat lau eh, I missed the DESTINI boat. Now I only know. Tomorrow I think will up more than 60 cent. Pls guys, dun make it more than 60 cent by tomorrow bcos I have enter yet. thank you.
Thank you lo John haha was looking into the annual report and told myself what a special company this is. Good consistent earning, business mainly on servicing planes and ships quite lucrative and special@@ not much competition from other companies, close relations with the current ruling government (in charge of looking after our military planes and ship) everything was tip top but the price was plunging and there was a happy director collecting and tanking the price all the way down. Hopefully the trend will remain positive from here on out
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....
dam82
2,219 posts
Posted by dam82 > 2017-12-29 09:31 | Report Abuse
sell ....