Yumee, how do you define high? It grows because it has the potential. At the current price, u define it as high, but in the eyes of funds or big shark, it is still have plenty of space to increase more. There is an investment bank gave a TP of rm3++. Don't forget they have acquired an ewallet and eCommerce company, next quarter we will see the profits from both the acquired companies. I regret I buy so little previously also
You guys are just wasting your time arguing about prices. It's the future of this company, stupid! They're the present leader in the cashless revolution.
I feel optimistic about this counter, I hold since I bought at 7x sen, I will assume those funds that dump ghlsys previously came to revenue. 1.7x was the price of previous ghlsys.
paktua also still hold (can scroll back at paktua comment page 15)buy at 1.09 29 january 19.. first sell back 85% total share holding at 30 january 19..
from that date paktua still hold balance 15% share until now.. and avrrge holding per share at 1.09..
It is nice to see a strong non-believer like yumee, who has been hammering Revenue that the PE high, dont buy blah blah blah... to buy at a high PE and earn money from it. So hows your oil & gas counter holding on?
Textbook method do not give you real life experience, i hope you have picked a good college/uni/school that teach more than textbooks.
And kudos to those that have been a strong believer in Revenue. Quietly then shoot up. This stock does has a characteristic to light up your life when you think it is getting boring and stagnant.
I have just have a word with my banker friend on why the high surge, they say maybe due to Revenue already gone live with one of the top ecomm player in Malaysia, and most likely the funds or those that have been using that service notice it, chasing them now.
KUALA LUMPUR (July 11): Revenue Group Bhd saw 10 million shares cross off-market today. The block of shares represents a 4.31% stake in the company.
According to Bloomberg data tracking trade of 300,000 shares or more, the shares were transacted in two blocks, worth a total of RM14.9 million.
The transactions were carried out at RM1.49 a share, a discount of 11.8% of today’s closing price. It is not immediately known as to whom the parties involved in the transaction are.
Notably, the stock has surged more than four times from its initial public offering (IPO) price of 37 sen in July last year. This brings its market capitalisation to RM392.08 million.
Revenue’s net profit leaped 40.4% to RM2.54 million in the third quarter ended March 31, 2019, from RM1.81 million last year due to higher revenue thanks to higher sales of electronic data capture (EDC) terminals.
Its quarterly revenue nearly doubled to RM15.52 million from RM7.94 million a year ago.
For the cumulative nine months of financial year ended June 2019 (FY19), its net profit climbed 33.75% to RM6.85 million versus RM5.12 million in the previous year, as revenue grew 88.3% to RM43.94 million against RM23.34 million last year.
Looks like funds are going on a shopping spree on Revenue now. Not sure is it Kenanga again. Anyway, looks like funds are trying to get hold of Revenue shares.
Institutional funds usually strike an off-market deal with the major shareholders with the condition that they buy a certain significant amount from the open market later.... that's the usual case.
trap666 it is just trick fast buy buy buy ~ 15/01/2019 15:17
trap666 you are management meh !? All about show · 15/01/2019 15:18
trap666 u all go support 0.005 can mou @@! 15/01/2019 15:28
trap666 no no no...still not sink yet !!!! Buy buy buy...wait for U TURN !!!!!!!!!!!!!!! 15/01/2019 17:19
trap666 Im just here to show how stupid you all are. This is the real TRAP ~ 16/01/2019 09:58
trap666 And if anyone really buy this perisai due to my BUY CALL, you all really stupid lah...just take it experience okay..DO NOT believe BUY CALL in the forum ~~~~~~~ 16/01/2019 12:02
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....
upshare
3,239 posts
Posted by upshare > 2019-07-08 19:56 | Report Abuse
But son look very attractive now...
Low premium...