2 scenarios ..... either to 25 or back to 40...... 25c looks more probably due to current news ...... anticipated bad QR, tussle among BOD, increase of NOSH, etc.... nothing is optimistic at the moment for this company....... again, many like this company because macam kasino ma...
M Group came into Revenue Group(RG) with only one purpose ie to strip off its assets /resource one by one until it is asset stricken including cash.
It could be evidenced from the recent acquisition of 51% of one IT subsidiary of M Group for 30 m+++ .Basically ,this is the means of exhausting the cash availability of RG.
Following the resignation of Danny Leong coupled with other developments surrounding the company , the prospect of RG is destined to be doomed. It is believed that PN17 would be triggered sooner than you and me could imagine.
And best part, the one of the direk tor fella sell his share, very recent share holder, its weird on one hand bought a lot, on other hand sell off. Very very weird.
Revenue will formed partnership with Innov8tif Solutions. Innov8tif is ISO AI certified company founded in 2011 ie 12 years in the market! Innov8tif has businesses in ASEAN countries
BS one. The purpose is to exhaust the cash availability of RG into the cash bank of MG . Eventually RG is cash stricken as a result of which PP and or RI will be done to increase the share base of RG ,diluting the shareholding of shareholders. As said earlier on, PN17 would be triggered faster than you can imagine.
----------------------------------- Revenue will formed partnership with Innov8tif Solutions. Innov8tif is ISO AI certified company founded in 2011 ie 12 years in the market! Innov8tif has businesses in ASEAN countrie
Formed or buy whatever companies also no use la. Con so many investors this counter people still trust? From the day the 3 ex founders planned all this wayang, you think this company can be trusted? All also conmen especially the master mind Eddie Ng!
It is expected to crash fast and furious . Judging from the way it goes, RG is not expected to make profit in the foreseeable future. it will soon trigger PN17 sooner than you can fantasize
From the edge....."Revenue Group Bhd posted a net loss of RM9.36 million for the third quarter ended March 31, 2023 (3QFY2023) from a net profit of RM4.66 million a year earlier, on lower revenue from its business activities. This is the group's third consecutive quarterly net loss. Revenue Group said the lower revenue from its business segment was unable to cover the group’s fixed operating cost coupled with higher administrative expenses, finance costs and share of loss of results of associates. Quarterly revenue declined 55.78% to RM10.1 million from RM22.84 million."
Sometimes, if not a big mnc co, it is best not to simply buy over any company for the sake pushing up the co. It might end up as a misery. Now the associates co also not able to produce result, might end up borrow more money from parent now.
That is why don't touch this con counter. Mafia gang bought them just to take out their funds then let it rot. Why still people think that this group of people are honest? All also conmen from the start. You got see the pariah Eddie Ng giving any explanations? He himself also deactivated his Fb account. Haha
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....
redhotpepper
758 posts
Posted by redhotpepper > 2023-05-23 16:35 | Report Abuse
15 sen also very near only