Pilotsport The company we focus on is NEXT Green (NGGB 7241), which was formerly known as BHS Industries and later renamed for business conversion.
Its share price hit RM0.85 on September 23, 2014 (the bonus shares are ex-dividend, the additional shares and the scrip dividends are adjusted), and the next three and a half years, the performance is like Wang Xiaosan's New Year, one year. Not as good as a year, the stock price has also slipped all the way, and hit a low of RM0.33 on May 19 this year.
In any case, its performance turned into a profit in the past three quarters after the business converted the runway. Since the second quarter of 2018, it has recorded profit for three consecutive quarters.
Despite making money in three quarters in 2018, there were still losses throughout the year, but the amount of losses was significantly smaller than in the previous fiscal year.
When the profit appears, it is generally reflected in the stock price technical trend, NGGB forms a double bottom pattern at RM0.33, which is reflected in the active second round of the past two and a half years.
At 4 o'clock in September this year, NGGB's share price broke through the resistance after the company announced several corporate news. At 8:00 in November, it hit a recent high of RM0.64 and the stock price turned into a bullish trend.
HARRISON returned to the sky map to observe the NGGB stock price trend, found that NGGB stock price has a callback phenomenon at RM0.64, and there is an adjustment pattern.
In terms of technology, its stock price will be retested with 64 sen resistance after the adjustment of the 64 sen callback. Once it breaks through, it will try the RM 0.85 medium-term target.
In the long run, once the NGGB share price breaks through RM 0.85, the long-term value target is RM 0.99 to RM 1.36.
Private placement coming. Placement to private party at RM 0.50 cents. To be placed at 9% discount or RM 0.05 cents means the share price has to do around RM 0.55 cents for 5 days weighted average.
Nextgreen Global Bhd plans to raise up to RM32.83 million in a private placement of its shares to investors to be identified later.
Nextgreen said the proposed private placement will entail the issuance of up to 65.67 million new shares or 10% of its issued share capital, at 50 sen a share.
Pokerpro88, u open mouth close mouth oso rubbish. When a share no one control, the price will float as market. If u cant see the potential of the company please sell it. If u hold for long term then I think u are buying a potential share.
Pokerpro88 if you just want all buyers to watch out then sorry. I misunderstand you. I am sorry. I believe what you said as well if really no action by April I think it will drop again. But I still believe it is a potential company for long term. I will give the company 5years, let said on that time the share price not up 50%. i will sell all as well. Because short term not fair to them. On current market actually not this share, a lot of share dropped. So, as long as you feel that is a potential share, you can hold.
Jokersign, thank you for your comments. Ok i think 5 years is fair but its just that so many companies which investors wanna invest for long term dont seem to be around that long. So i guess for me i will wait and wont do anything until april.Good luck to all!
NGGB sebenarnya antara kaunter plg cemerlang utk tahun ini sebab hampir semua kaunter di bursa menjunam tetapi NGGB terbang .misalnya saya main NGGB waran dari 8 sen hingga naik lebih 30 sen sedangkan kaunter lain dari 60 sen turun kpd bawah 20 sen spt Armada,Seacera dll.walaupun ada beberapa kali untung dan rugi saya main NGGB tetapi saya tetap anggap ini antara kaunter terbaik.
Pokerpro88, you r absolutely right that lim thiam huat in klang gateway project is the same person in nggb, U will know more that nggb is a pump and dump stock if u google more on lim thiam huat background. I believe u will remember raymond chan, lim and chan are all the same group speculating "harvest" using the same old story of paper pulp recycle project. I had also visited the land in pekan 1 year ago...is just a flat land with some piller, not sure the condition now. If only the project turn out to be true, nggb is a very good company to invest. But before u earn, u have to suffer next few years. I am happy enough i finish year 2018 with a good profit from nggb. Good luck in ur trading in 2019
I know its hard to be objective when we have a lot invested in a stock. However my personal experience has taught me to cut my losses as soon as something does not seem right. I bought vivocom at 0.3 and it dropped straight away. I decided to seek comfort in the i3 forums as there were many bullish investors in the stock. Hell even some analyst were still advocating high target prices....when I finally decided to cut loss it was 0.15 the losses were devastating. All the supporters also disappeared. To be fair there were many forummers who were warning abut the stock but sometimes we only hear what we want to believe. Nobody feels bad for u when u lose so we just have to strive to be better investors! no one to blame but ourselves! Peace to all
How long does it taking the fund raising? Anyone know about it ? There are no investors who’s interested of their shares at all, it seems like NGGB need lot of money, no trading volume of NGGB, it was so differently to selling the shares, bad luck dude
I’m highly recommending you guys just sell NGGB shares immediately, otherwise u got nothing at the end, this company has lot of problem behind of management and NGGB,
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....
1oranje
254 posts
Posted by 1oranje > 2018-12-05 19:31 | Report Abuse
Also says non stop cumming on kimmy tan