If i knew i would... i just heard something brewing from known source.. so i just buy and gold..anyway its cheap penny stock.. worth the risk..price has been sustaining at .270.. so lets see next week what happens..
Wow sd99 you're right...finally announced on Bursa. The deal looks very positive since it's the same guys that ran Rev Asia few years back and sold it to Media Prima, I think the price was Rm100mil++.
Patrick Grove finally coming back to the scene... surely he has more exciting stuff up his sleeve for this counter....
Limit up liao! These guys very solid..now acquire similar business but better! Last time the same ppl sold for 105mil, now the counter is only 42mil.. sure limit up!!
Quick googling tells you digital media is the fastest growing segment in all advertising, most of the ad spend are there and it will just keep GROWING.
Ever wondered why your old media giants Star, Media Prima all loss making and near all time low??
Where is the $$ flowing to?? It's digital media! It's here! This is the new BIG thing
Think its still cheap, since they're less than a year old and future expansion opportunity looks massive. BUying more before it explodes, since it solely focuses on digital compared to the traditional media dying out but getting supported by the online component
Going to drop below 20cents as discussion is on going furthermore it is related party transaction might drag longer. Sell on news this is a norm in share market
i dont thInk it will call off this time after ditching orissa wicomm as this is rrpt so the director can buy more time to get out from gn2 status. They need to issue more shares as the company has no more money. Must bring down the price so that imedia will have more issued shares. Expected to go sideways probably below 20cents before shooting up again. The company had granted the extension to december so in between alot of external factors can influence the share price. Sell on news probably can buy back at a deep discount later
Patrick Grove on the move again! This time a $100m M&A play in his other company FDV, listed in australia. This company is now worth RM1.5bn++, 10x bigger from few years ago! Go see for yourself..
It's very clear that this play will be replicated in Rev soon since they always mention M&A strategy to become digital media giant! I think things are looking on track for Rev
1. REV is a GN2 status company in which they have sold their business to Media Prima and since then there have been multiple rumors of REV getting into iMedia.
2. iMedia is one the leading companies in digital advertising & Marketing. iMedia is a company owned by well known businessman Patrick Grove.
Patrick Grove also owns famous online housing portal iProperty.
Patrick Groove has a tremendous record as he had managed to transformed Frontier Digital Ventures (FDV) which is a Australian listed company from the initial IPO of RM 150 million in 2016 to over RM 1.5 billion in 2020.
This shows that Patrick Grove is a very smart businessman.
4. This is the fourth acquisition announced by the digital media company in the past 90 days, the others being OhMedia, Ittify and Goody25.
5. iMedia signed an exclusive advertising representation agreement with Nara Media as this is a new revenue stream. iMedia co-founder and CEO Voon Tze Khay said the acquisition will strengthen its dominant position in the Malay language content network in Malaysia, and reach the overall Malay speaking urban youth online community.
REV is in a pole position to be the next media giant in Malaysia under the stewardship of well known businessman Patrick Grove as we can see that iMedia had made their move very early before their entry into REV.
This is a definitely a positive step as they have well prepared towards going digital.
Lastly before we close the topic of REV we want you guys to read this carefully
Digital media is the fastest growing segment in all advertising as most of the advertisements are now going digital and this is a step that most people are going into and definitely is a trend of the future as it will only just keep growing.
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....
bobochacha
536 posts
Posted by bobochacha > 2020-08-25 22:47 | Report Abuse
This counter must be up to something. Target for RTO ?? Must be patient abit to reap the greatest reward.