-->

Type something and hit enter

Pages

Singapore Investment

Show All

Home calvintaneng NETX NETX'S (0020) COMING DIGITAL BULL RUN = AS SHOWN BY INSIDERS' BUYING & BUYING, Calvin Tan Research

NETX'S (0020) COMING DIGITAL BULL RUN = AS SHOWN BY INSIDERS' BUYING & BUYING, Calvin Tan Research

On



Dear Friends, Investors & Traders,
As we move nearer and nearer to the Official 12MP (Malaysia Plan) Announcement tomorrow I feel extremely excited that NETX is on to something BIG IN THE DIGITAL ECONOMY OF NFCP'S NATIONWIDE FIBERISATION THRUST OF RM21.6 BILLIONS
Let's take a look at INSIDERS/DIRECTORS' MOVES = THEIR BUYING OF NETX SHARES FROM THE OPEN MARKET & THE PRICES PAID
Please Refer to Bursa Official Webpage & Also i3 Investors Forum page in NETX under Technical subhead "Stock chart"
All these facts and figures are presented there for all to SEE & CONSIDER

First
Sifu Warren Buffet stated that he likes Company Directors buying Company Shares with Their Own Monies
Whenever Insiders/Directors willing to Buy Company Shares with Substantial Amount of Monies from their own pockets it shows that "SOMETHING GOOD" AHEAD IS GOING TO HAPPEN.
Although we can only see dimly yet we can follow their buy actions until visibility appears one fine day
THIS WAS ONE IMPORTANT LESSON MY JOHOR SIFU TAUGHT ME
Last time in years 2007/8 when Pintaras Jaya was at Rm1.40 my Johor Sifu told me to buy Ptaras Jaya at Rm1.40
I asked him why? Since there in no special announcement of any good news from Pintaras Jaya yet. Why buy?
And this was his answer
BECAUSE HE OBSERVED WHEN PTARAS COMPANY GAVE ESOS TO PTARAS DIRECTORS AND EMPLOYEES AT RM1.90
ONE DR DIRECTOR EXERCISED PTARAS JAYA SHARE AT RM1.90
THEN HE EVEN OBSERVED THAT THE SAME DIRECTOR BOSS BOUGHT MORE PTARAS JAYA SHARES FROM THE OPEN MARKET AT RM1.90
AND THAT WAS THE ONLY REASON HE GAVE FOR BUYING PTARAS JAYA SHARES BECAUSE PRICE HAS FALLEN FROM RM1.90 TO RM1.40 (LESS 50 SEN OR 26% DISCOUNT TO INSIDERS COST PRICE)
IT SOUNDED QUITE SIMPLISTIC AND FOOLISH THEN. BUT I FOLLOWED HIM TO BUY SOME PTARAS JAYA AT RM1.40
Another reason he gave was due to his family experience in Building 2 Blocks of Condos in Johor. He said in Piling Job Ptaras is the first to get paid. If after foundation is done and they don't pay then PTaras can sue for "Project stoppage" until they pay up
And so Ptaras being the First to get paid stands in good position from payment default
True enough. Over the years PTaras has proven itself. It jumped from Rm1.40 to Rm7.00 and split (up 500%)
Ha! I must mention in passing. When I first came to i3 forum my Johor Sifu told me the only person of value to learn from is Kcchongnz. And eerily the same Ptaras jaya was one of KC's good picks. Not only that. My friend Mr Law the Branch Manager of Tmn Molek branch  of RHB INVESTMENT BANK in Iskandar also picked PTaras Jaya for his clients. He did so well that he has been promoted as the Top Boss now.

Now let's come back to INSIDERS/DIRECTORS BUYING
My Johor Sifu said, If they buy 100,000 shares just follow them buy 10,000 shares or 10%. If they buy 500,000 shares follow again and buy 50,000 shares (another 10%)
Now Calvin observed this to be usually true If INSIDERS START TO BUY. ESPECIALLY IF THEY BUY SUBSTANTIALLY. FOLLOW THEM
See in Uzma's Forum
On August 8th when Uzma shares fell below 60 sen due to 3IBs downgrade, KWAP selling & naysayers abound Director of Uzma bought at 57.6 sen & 59.5 sen
Then on 28 august Result showed a profit of 3.69 sen (just 20 days later)
Uzma share price went up and up and touched Rm1.00
Missed Uzma?
Never mind. Still got Netx to buy while still cheap!

Let's take another example of Insiders buying
Let's go see PROLEXUS

NOW OBSERVE VERY VERY CAREFULLY HOW INSIDERS/DIRECTORS BOUGHT PROLEXUS
DO YOU SEE BEFORE 10TH OF JULY 2019 THE BUYING WAS ONLY IN 10,000 SHARES OR LESS? ON 8TH JULY 2019 ONLY A 1,000 MISERABLE SHARE WAS DONE AT 45 SEN OR RM450 (HARDLY ENOUGH TO SATISFY ANY STOCK BROKER?)
THEN BUYING WITH CONVICTION STARTED FROM JULY 15TH WITH 35,700 SHARES DONE AND CULMINATING WITH 300,000 SHARES DONE ON 25TH SEPTEMBER 2019 (NO MORE NIBBLING 1,000 Or 10,000 SHARES)
Since prolexus is so lightly traded their buying also pushed up the prices from 43.5 sen to a high of 50 sen by Sept 25th 2019
Then came the FANTASTIC RESULT OF 4.15 SEN PROFIT ON SEPT 30TH 2019 (JUST 5 DAYS LATER)
See
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6297217
At that Market chased Prolexus shares to 90 sen (Up 80% already. Better don't chase)
Getting more exciting now as we look deeper into NETX'S INSIDERS/DIRECTORS BUYING OF NETX SHARES

Company Announcements


Notice of Interest Sub. S-hldr (29A)

NETX HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name Asiabio Capital Sdn. Bhd.
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) 
Ordinary Shares of RM0.10 each

Date interest acquired & no of securities acquired
Currency Malaysian Ringgit (MYR)
Date interest acquired 06/03/2015
No of securities 33,000,000
Circumstances by reason of which Securities Holder has interest 
Purchase from open market
Nature of interest 
Direct
Price Transacted ($$)  

Total no of securities after change
Direct (units)
33,000,000
Direct (%)
5.2800
Indirect/deemed interest (units)  
Indirect/deemed interest (%)  
Date of notice 09/03/2015
ON 6TH MARCH 2015 ASIABIO EMERGED AS A SUBSTANTIAL SHAREHOLDER OF ARIANTEC (THEY CHANGE NAME TO NETX) WITH 33 MILLION NETX SHARES AT 5.28%
Bursa did not state their purchase price on that day
To trace their buying price let's go to i3 Investor Forum webpage on Netx
Found it?
Ok now click under "Technical"
And then click "Stock chart"
Now slowly guide your computer mouse back to year 2015 March 9th and SEE
Aha! Now we get all the figures from i3 investors website
March 9th 2015 is a monday
Day opening trade for NETX was 7 sen
Day high = 7.5 sen
Day low = 6.5 sen
Closing price = 7 sen
Total done 6,273,000 shares
Only 6.273 million shares
BUT ASIABIO STATED 33 MILLION SHARES AT 5.28%
The answer is this
Asiabio has been buying and buying Ariantec (Netx) shares even much earlier. But once threshold breached 5% it has to be announced in Bursa
Ok let us take their Purchase Cost on that day at 7 sen (As of now Netx is 1.5 sen in real time)

One year later Asiabio took up all the Rights Issue with free warrant at 5 sen

Changes in Sub. S-hldr's Int. (29B)

NETX HOLDINGS BERHAD

Particulars of substantial Securities Holder

Name ASIABIO CAPITAL SDN. BHD.
Address 10th Floor, Menara Hap Seng No. 1&3, Jalan P.Ramlee.
Kuala Lumpur
50250 Wilayah Persekutuan
Malaysia.
Company No. 840116-P
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary shares of RM0.05 each
Name & address of registered holder Asiabio Capital Sdn. Bhd. 10th Floor, Menara Hap Seng No. 1&3, Jalan P.Ramlee 50250 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)
Type of transaction Description of Others Date of change
No of securities
Price Transacted (RM)
Others Right issue 16 Jun 2016
105,457,713
 

Circumstances by reason of which change has occurred Subscribe pursuant to rights issue with warrants
Nature of interest Direct
Direct (units)  
Direct (%)  
Indirect/deemed interest (units)  
Indirect/deemed interest (%)  
Total no of securities after change 161,457,713
Date of notice 17 Jun 2016
Here we see Asiabio took up 105 Million NETX Shares at 5 sen apiece with free warrant
Free warrant expired out of money.
So the Net Cost was 5 sen (including 3 years holding cost could be 6 sen now)
From then Asiabio took over as Subsantial Shareholders
And very quiet for the next 3 years until

UNTIL LATELY!!!
See
After a lapse of 3 long years since 17th June 2016 ASIABIO SUDDENLY SWING INTO ACTION AGAIN!!!
IT STARTED BUYING ON AUGUST 6TH 2019 WITH 10 MILLION SHARES AND ENDED BUYING 19 MILLION SHARES ON  23TH AUGUST 2019
CAN WE TRACE THEIR BUYING PRICES?
YESSS! LOOK AT PRICE CHART OF I3 INVESTORS
August 6th 2019 (tuesday)
Open = 0.15 sen
High = 2 sen
Low = 1 sen
Close  1.5 sen
Total done = 90,371,300
Asiabio bought 10 millions out of 90.3 million Netx shares ranging from low of 1 sen to high of 2 sen but closed unchanged at 1.5 sen
Intermittenly through this period prices fluctuate between 1.5 sen to 2 sen
Now look at the last purchase on August 23rd, 2019
Friday 23th August, 2019
Open = 1.5 sen
High = 1.5 sen
Low = 1.5 sen
Close = 1.5 sen
Done = 20,054,300
On that day all 20 million shares were traded at one price = 1.5 sen
As reported in i3 they bought 19 million Netx shares which means Asiabio took up 95% of the shares traded that day
Here we can conclude that INSIDER/DIRECTORS OF ASIABIO ARE HOLDING NETX SHARES BETWEEN 1.5 SEN TO 7 SEN OR AVERAGING 4 TO 5 SEN COST PRICE OR EVEN MORE
WHEN CALVIN TAN RESEARCH ISSUES BUY CALL AT 1 SEN FOR NETX IT WAS NEAR ROCK BOTTOM
NOW THE BIG BIG QUESTION IS
WHY ASIABIO DIRECTORS ARE BUYING AT THIS PERIOD SO SUDDENLY??
FOR THAT WE NEED TO REMEMBER PH GOVT HAS ANNOUNCED NFCP'S RM21.6 BILLIONS FOR NATIONWIDE FIBERISATION IN THE MONTH OF AUGUST 2019

Govt approves RM21.6 billion plan that gives urban, rural folk equal access to Internet

 
 
By Bernama - August 28, 2019 @ 4:14pm
KUALA LUMPUR: The Cabinet has approved the implementation of a RM21.6 billion national connectivity plan that gives both the urban and rural population equal access to the Internet in an effort to reduce the digital divide.
In announcing this today, Communications and Multimedia Minister Gobind Singh Deo said the National Fiberisation and Connectivity Plan (NFCP) would also benefit those who might otherwise not have the opportunity to participate in the digital economy, such as farmers, fishermen and the Orang Ali community.

Read again the date of announcement
By Bernama - August 28, 2019 @ 4:14pm
Now ASIABIO Last Purchase was on August 23rd, 2019 (just 5 days from NFCP Announcement)
Did they get the News earlier?
Most probably.
Before news is officially announced they must have gone through consultation between Govt & all parties concerned. So since NETX had been doing business with TELEKOM  it is also part of the coming program

Now see how NETX share prices reacted on August 28 announcement
Wednesday August 28th 2019
Open = 1.5 sen
High = 2 sen
Low = 1 sen
Close = 1.5 sen
SO NOT MUCH DIFFERENCE

NOW TAKE A LOOK AT OPCOM'S TRADING ON 28TH AUGUST

Wednesday August 28th
OPCOM
Open = 44 sen
High = 74.5 sen
Low = 43.5 sen
Close = 63 sen
Done 76.656,000

The day before on 27th August only 78,700 shares were traded.
OPCOM WENT LIMIT UP ON NFCP ANNOUNCEMENT

FROM HERE WE SEE INSIDERS/DIRECTORS ARE SANGUINE ABOUT NFCP AND HAVE LOADED UP 103 MILLION NETX SHARES IN ANTICIPATION OF IMMINENT JOB AWARDS YET AHEAD
AND THE FUTURE FOR NETX AHEAD IS GETTING BRIGHTER AND BRIGHTER INDEED!!!



BEST REGARDS
Calvin Tan Research

Please buy or sell after doing your own due diligence

Looks like 1.5 sen and even 2 sen for Netx is still cheap

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/229389.jsp

calvintanengNETX
Next article Next Post
Previous article Previous Post
Back to Top