GPACKET (0082) - Green Packet the next DATAPREP! (Gpacket)
Green packet is the best IT stock in bursa! Compared to the other IT stocks which is flying to the sky, Green has no debt at all but also has RM60m cash! It's debt is just a paper debt as it will be zerorized when it's exchanged for the sale of webe shares to TM. Market talk is that when Green packet sells webe to TM, not only will the debt be cleared, Green may also net hundreds of millions of cash from the sale if the price is good. Gpacket's balance sheet is rich in cash compared other IT stocks who have lots of debt and not much cash in the company.
Green also just did a private placement. Just now, I called a stockbroker and he told me that all the shares were fully subscribed by long term institutional funds who are long term investors.
Green is venturing aggressively into internet of things (IOT). IOT companies in the Nasdaq market have a PE of 30x or more.
Green also just did a private placement. Just now, I called a stockbroker and he told me that all the shares were fully subscribed by long term institutional funds who are long term investors.
Green is venturing aggressively into internet of things (IOT). IOT companies in the Nasdaq market have a PE of 30x or more.
Please refer to the charts above on Nvidia and ST in the Nasdaq US
market. In the US, IOT stocks like Nvidia and ST Micorelectronics have
went up 300-400% in the last year and are trading at 40-80x PE.
Based on this, Gpacket should be trading at at a much higher level. Buy at your own risk!
GPACKET (0082) - Green Packet the next DATAPREP! (Gpacket)
http://klse.i3investor.com/blogs/GPacketanotherdataprep/119003.jsp
