All kena con. Classic pump and dump. Why bother develope your company for small profit. Much easier and faster to get rich by playing up the shares mah hihi
No la, been in the game so long already to know which price movement is a con job hihi. When I was younger I would have join in the chase. Many time got burnt. But now it is capital protection at all cost 1st. Tak untung tak pe jgn rugi hihi
But what I dont like with this kind of extreme up a down price movement is that it kills the mood of the rest of the general market.. so suwey one hahaha
The melt down was caused by panic traders who were caught at near limit up price and triggers a chain effect where traders sell down each bids to clear off their position. I believe the price will stand above 0.8 on Wednesday 21 July 2021 again as the VWAP is RM 0.766 !
Don't worry . Will come back on Wednesday.
Ramssol will grow robustly like Revenue!
Worth to take note that total number of share is about 223 mil, where the directors and substantial holders already control about 70 - 80% and public floating is about 5% ! Limited supply in the market ... Ultimately will go above 1.00 and free warrant soon. Discussion going on with BOD regarding the Free warrant like Revenue
Rakuten give the target price RM0.81, based on 17x PER FY22 as per the average valuation of software related players. RHB give a target price of RM0.8. Mercury is RM0.79. I believe the prospects are very optimistic based on recent fund briefing , effecting operating profit, CAGR , effective operating profit growth rate and also ROE, effective profit margin .
Well, it was one hell of a ride. I don't know whether un(fortunately) unloaded everything at 0.73 just now. Things go south too fast. Nevertheless i made a 5 figure income just now. I reckon on Wednesday they will push down again to scare off weak holders.
So, i might as well take my profit and wait and see at the sidelines. Those operators will not let retailers to go off so easy. They will again shake you fellows up and down. So just hang on to your dear life.
Anyway for those who can hold then please hold. Others better cut win/loss.
Have a good holiday before the next fight on Wednesday.
Post IPO, Ramssol would be in net cash position of RM 24.6 mil... Take note on the target price of Public Invest Research , TA securities , RHB , Malacca Securities etc... Ramssol Key customer include Capital land, RHB, Capital land Singapore, National University of Singapore, Pramount, Thai Food Group , Export import bank of Thailand, Top-glove. As of May 24 2021, the total secured orders are RM 51.52 mil
Another positive commitment from Directors and shareholders. They are subject and voluntary moratorium for a period of 12 months from the listing date.
For FYE 2020 , EBITDA is RM 8,321,000 , GP margin is 60.56%, PBT margin is 29.27% , PATAMI margin is 29.74 % !
FYE 2017 to FYE 2020 , reported with 330% CAGR growth rate ! Each year reported with significant of growth , Improve of more than 30% Profit Margin !
Ramssol's share valuation is actually not very attractive in a damn competitive industry. It's main business is in software sales and the two main contributors are Feet's and Lark. From the breakdown of the IPO proceeds you can see that the listing expenses takes up more than 18% (which is damn high). Cash is about RM 2.2 million, a drop from RM ,2 million a year before. From the NOSH of 223 million about 60% is close held. 40% is free float. Tan Sri Lim Wee Chai is no longer a substantial shareholder after the IPO. Stake reduced from 5.14% to 3.86%.
For those who are hoping that the Tan Sri effect will boost the share price better think twice.
For those who are being told that the free float is 5%, better think twice.
For those who think that it is cash rich, better think twice.
It is not an innovator or incubator but more of a software vendor which is damn competitive. In short, it's not all roses for RAMSSOL. I am not trying to influence any investment decisions here but to let you guys be more informed.
The profile and revenue from last year is all trapped. It is overdue pending invoice from 2019 and carry over from 2020. You will see the result for this year.. will be double lower than last year revenue.
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IrfanZ
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Posted by IrfanZ > 2021-07-19 17:00 | Report Abuse
All kena con. Classic pump and dump. Why bother develope your company for small profit. Much easier and faster to get rich by playing up the shares mah hihi