Hi guys,
After much study and debate on NETX (0020) I have got better clarity
It is by brain storming that we finally sift out facts from fiction, perception and reality
And these are 10 Top Salient Factors for NETX,
1) NETX HAS MARGIN OF SAFETY
At 1.5 Sen with NTA of 3 sen Netx is selling at 50% discount to NTA. This qualifies Ben Graham 30% discount as a margin of safety
2) A DEEPER LOOK INTO NETX NET ASSETS REVEAL
a) RM34 Millions Cash (In Bank FD & Savings A/c)
b) Another Rm72 Millions Cash owed by Subsidiaries (This is the solution to the puzzle where Company excess cash & profit are stashed away.
Please Refer to NETX ANNUAL REPORT YEAR 2018 (TURN TO PAGE 74)
Under Point Number 15
15. AMOUNT OWING BY SUBSIDIARIES
Amount owing by subsidiaries............................................................................................RM72,776,219
WAHAHA! A WHOPPING RM72.7 MILLIONS!!
SO NETX IS 1.5 SEN WITH NTA OF 3 SEN IN CASH OR CASH EQUIVALENT!!
c) NETX OWNS A 4 STOREY CORNER RENOVATED SHOPHOUSE IN PJ WITH A BOOK VALUE OF RM5.,4 MILLIONS
This one has a small mortgage loan of only Rm1.9 Millions
So NETX balance sheet gets a clean bill of health
3) NETX Has Investment in Mlab shares as well as Tel Infrar already set up in strategic places
Although Mlab shares did not perform the money has been accounted for just as every expense is reported transparently
4) NETX WILL BE ONE OF TOP 5 BENEFICIARY FOR NFCP RM21.6 BILLIONS 12MP INITIATIVES
The other 4 are Opcom, Redtone, GPacket & OCK
With so few players sharing such a Huge Pie of Job Expansion Netx will see lots of Business going forward
5) NETX HAS LONG EXPERIENCE OF A DIGITAL INFRAR INSTALLATION SPECIALIST
See NEXT INFORMATION
COMPANY BACKGROUND
NetX Holdings Berhad is a technology public listed company on Bursa’s ACE market. Founded in 2000, NetX started off dealing primarily in the supply of network equipment and infrastructure. Fast forward to today, the company now pioneers the advancement of disruptive technologies through its subsidiaries in various industries: digital platforms, e-commerce and IT infrastructure among others. In line with the company’s strategy and vision in rethinking possibilities, NetX focuses on existing innovative technologies by making it better with the goal of challenging the markets they operate in. NetX is based on two key business pillars that are strategically operated through its subsidiaries: Ariantec, a network equipment and infrastructure specialist; and PayAllZ, a payment solutions company which was acquired in 2015 as part of its growth strategy. NetX firmly believes in its philosophy of finding new and better ways of doing things through technology. Its businesses are geared toward redefining and challenging established and conventional practices that bring value to the betterment of whole societies.
Notice the highlighted phrase "Network equipment infrastructure & infrastructure specialist?"
6) YES. IN YEAR 2011 TELEKOM GAVE NETX RM19.7 MILLIONS FOR NETWORK EQUIPMENT INFRASTRUCTURE!
See
| Announcement | |
| Subject | OTHERS |
| Description | AWARD OF CONTRACT |
|
1.0 INTRODUCTION
2.0 INFORMATION ON THE CONTRACT
3.0 FINANCIAL EFFECTS
|
|
7) THIS SINGLE JOB AWARD OF RM19.7 MILLIONS FOR NETX SPECIALIST INFRASTRUCTURE JOB RESULTED IN 2 GOOD QARTERLY PROFITS OF 5 SEN
See
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30/09/2011
|
30/09/2010
|
30/09/2011
|
30/09/2010
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
11,890
|
8,112
|
25,287
|
26,822
|
| 2 | Profit/(loss) before tax |
135
|
155
|
41
|
2,368
|
| 3 | Profit/(loss) for the period |
193
|
252
|
4
|
2,305
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
193
|
252
|
4
|
2,305
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.03
|
0.04
|
0.00
|
0.41
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.0800
|
0.0800
|
||
Definition of Subunit:
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31/12/2011
|
31/12/2010
|
31/12/2011
|
31/12/2010
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
10,216
|
21,796
|
35,503
|
48,618
|
| 2 | Profit/(loss) before tax |
351
|
-6,523
|
392
|
-4,160
|
| 3 | Profit/(loss) for the period |
137
|
-6,711
|
141
|
-4,402
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
141
|
-6,709
|
145
|
-4,400
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.02
|
-1.18
|
0.03
|
-0.77
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.0800
|
0.0800
|
||
BY MARCH/APRIL AFTER THESE 2 GOOD RESULTS WERE OUT
NETX SHARE PRICE WENT TRIPLE LIMIT UP ONCE, LIMIT UP TWICE & LIMIT UP TRICE FROM 3.5 SEN TO 26 SEN FOR A WHOPPING 642% GAIN IN JUST 4 SHORT MONTHS!!
THIS TRIGGERED UMA FROM BURSA
Company Announcements
AGLOBAL-Unusual Market Activity ("UMA") query by Bursa Securities
| ARIANTEC GLOBAL BERHAD |
LISTING'S CIRCULAR NO. L/Q : 64110 OF 2012
Bursa Malaysia Securities Berhad has on 16 March 2012 issued an UMA query on the trading of the Company's shares.
In this respect, investors are advised to take note of the Company’s reply to the above UMA query which will be posted at Bursa Malaysia’s website under the company announcements, http://announcements.bursamalaysia.com when making their investment decision.
The contents of the UMA query is as follows:-
UNUSUAL MARKET ACTIVITY
We draw your attention to the sharp rise in price and high volume in your Company's shares today.
In accordance with the Corporate Disclosure Policy on Response To Unusual Market Activity pursuant to Rule 9.11 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities LR”), you are requested to furnish Bursa Malaysia Securities Berhad (“Bursa Securities”) with an announcement for public release after making due enquiry with your directors and major shareholders seeking the cause of the unusual market activity in the Company’s shares.
In this respect, you are also required to publicly confirm, amongst others, the following:-
1. whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the unusual market activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decision;
2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity and in this respect, you are required to comply with Rules 9.09 and 9.10 of Bursa Securities LR;
3. whether you are aware of any other possible explanation to account for the unusual market activity; and
4. your compliance with the Bursa Securities LR, in particular Rule 9.03 of the Bursa Securities LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.
In this respect, investors are advised to take note of the Company’s reply to the above UMA query which will be posted at Bursa Malaysia’s website under the company announcements, http://announcements.bursamalaysia.com when making their investment decision.
The contents of the UMA query is as follows:-
UNUSUAL MARKET ACTIVITY
We draw your attention to the sharp rise in price and high volume in your Company's shares today.
In accordance with the Corporate Disclosure Policy on Response To Unusual Market Activity pursuant to Rule 9.11 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities LR”), you are requested to furnish Bursa Malaysia Securities Berhad (“Bursa Securities”) with an announcement for public release after making due enquiry with your directors and major shareholders seeking the cause of the unusual market activity in the Company’s shares.
In this respect, you are also required to publicly confirm, amongst others, the following:-
1. whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the unusual market activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decision;
2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity and in this respect, you are required to comply with Rules 9.09 and 9.10 of Bursa Securities LR;
3. whether you are aware of any other possible explanation to account for the unusual market activity; and
4. your compliance with the Bursa Securities LR, in particular Rule 9.03 of the Bursa Securities LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.
READ AGAIN!!
UMA WAS TRIGGERED BY
sharp rise in price and high volume in your Company's shares
SHARP PRICE RISE!!!
AND HIGH VOLUME!!!
8) ARIANTEC WAS LATER TAKEN OVER AND RENAMED AS NETX TODAY
ALL THE PAST STAFF OF ARIANTEC, PROCUREMENT DETAILS FOR TELEKOM, SPECIFICATIONS ARE WITH NETX TODAY
SINCE NETX TOUTED ITSELF AS A DIGITAL NETWORK INFRAR SPECIALIST THERE IS HIGH CHANCE THAT TELEKOM MALAYSIA WILL ENGAGE ITS SERVICES FOR ANY FUTURE UNDERTAKINGS
9) THIS ROUND MALAYSIA GOVT HAS DESIGNATED TELEKOM TO TAKE UP HALF THE NFCP NATIONWAIDE FIBERISATION PROJECTS WORTH A MAMMOTH RM21.6 BILLIONS (READ AGAIN IT IS NOT MILLIONS BUT BILLIONS!!)
WHY SO MUCH NEEDED
FOR BOTH BROWN FIELD & GREEN FIELD FTTH (FIBER TO THE HOME)
THE OLD COPPER WIRES UNDER TELEKOM IS ON 2G OR 3G WHICH USE THE OLD COPPER WIRE MODEL
THAT IS WHY IN MALAYSIA INTERNET SPEED CAN BE COMPARED TO 3RD WORLD STANDARD
Years ago Tun Dr Mahathir invited Microsoft Boss Bill Gates to invest in Data or Internet Business in Malaysia by visiting Cyberjaya
Bill Gates was horrified to see the primitive Telco infrar under copper wires by Telekom unifi
How to have Data Center or Internet Investment if you don't even have the most basic infrar,.
Imagine inviting Formula Racing Car to Race in Kapit, Sarawak? Where they don't even have proper road in place (Oh boy they travel there by boat through river)
Bill Gates being the gentleman he was just smiled, donated Rm1 millions for Malaysia's Internet aspiration & left without a word.
NOW MALAYSIA HAS 2.8 MILLION COPPER LINES THAT NEED TO BE REPLACED WITH OPTIC FIBERS
{NOTE: 5G CANNOT OPERATE ON COPPER LINES. 4G & 5G NEED FIBER OPTIC CABLES)
THAT IS ONLY FOR BROWN FIELD WHERE INTERNET ALREADY AVAILABLE
WHAT ABOUT THE GREENFIELD WHERE NO INTERNET LINE EXIST NOW?
SO THERE WILL BE LOTS AND LOTS OF JOBS. WHILE OPCOM PROVIDES OPTIC FIBERS, REDTONE GOES TO THE RURAL AND OCK FOR TELCO TOWERS ONLY NETX IS THE EXPERT SPECIALIST FOR INFRASTRUCTURE
SO CAN EXPECT NETX TO WIN SOME BIGGER JOB THIS ROUND
10. WITH ALL THE NEWS ALREADY OUT YET NETX IS STILL UNLOVED AND UNWANTED AT 1.5 SEN
SO THIS IS WHERE BEST OF THE BEST VALUE IS!!
RIGHT NOW NETX IS A VERY VERY YOUNG INFANT BULL STARTING AT 1.5 SEN
DAYANG AT 50 SEN WAS ALSO AN INFANT BULL. NOW NO LONGER. DAYANG IS ALREADY A VERY MATURED BULL IN LATE STAGE
SEE
VERY WISE WORDS INDEED!!
BULL MARKET IS BORN IN PESSIMISM
GO TO NETX FORUM AND READ UP COMMENTS BY NAYSAYERS AND DOUBTERS. THEY ARE ALL VERY VERY PESSIMISTIC
CORRECT!! NETX IS THE SHARE TO BUY CHUN CHUN
THEN GO AND SEE DAYANG FORUM
IT IS FULL OF OPTIMISM AND NOW REACHING EUPHORIA
AND THAT IS THE CHUN CHUN TIME TO SELL YOUR DAYANG SHARES INTO EUPHORIA AND LEAVE EARLY BEFORE THE BULL COLLAPSE AND EXPIRES!!
BEST REGARDS
Calvin Tan Research
Singapore
YES!! A THOUSAND TIMES YES!!
WE MUST BUY DURING FEAR
AND SELL INTO EUPHORIA!!
Please buy or sell after doing your own due diligence
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/229166.jsp
