your comment make me want to buy laaa

but still your statement is only true if there is no cooked up to the financial figures

then u take d opportunity question them in the coming AGM.

Agree with your observation.

I was watching the trading screen this morning. At about 11.34, more the 550 million shares was sold at 0.075 in under 2 minutes. If Goh Kheng Peow, the current largest shareholder, sincerely sold the shares, he won't have anything left come AGM. Think about this. The company has about 2.1 billion shares outstanding. As of now, about 1.2 billion shares has changed hands. This counter has to be manipulated. Let's wait the operator out.

So weird, got ppl keep selling 1~4 share only at 0.07 sen APA MEREKA MAU ~~~

i just notice tat also

Lets cross our finger .. we will be back soon on compugts .. hold the boat tight ..

those 1 lot 4 lot guy want to kacau the stock , to confuse people ..

This post has been edited by MoonRider: Jun 3 2009, 03:11 PM

I meant to respond to your thought.


Compugates is a syndicated counter. Whether the price goes up or down depends on the operator. I think the operator has exhausted his share inventory during the last run up from Jan 9 to Mar 11. If you sell now, it is exactly what the operator wants you to do. But before you dump your shares, let's look at the fundamentals of the stock.

Compugates has a Net Assets Value (NAV) of 0.09. It made 0.04 sen in Q4'08, lost 0.03 sen in Q4'07 and lost 0.01 sen in FY'08. This quarter, Q1'09, it is about even in terms of Earnings Per Share (EPS). That means, operationally, it is getting better. The price should go up.

It has a debt/equity ratio of only 0.15, a quick ratio of 2.58 and current ratio of 3.32. If the financial figures are as reported (ie they are not cooked), Compugates is financially very strong. It can't possibly go kaput within a short time.

If we investors don't play into the hands of the operator, let him crash the price. It's only paper loss. At 0.075 sen, Compugates is worth more dead than alive. It has 0.09 sen net worth for every share. When the price is crashed low enough, say, 3 sen, we should all go scope it up. The operator dare not crash the price that low with his own shares. He will own buy and sell to his own accounts.

like i say just think of betting in genting...buy 20 lot and keep lo..

genting...
i think the theory is more aparent for the lims then compugates.

Datuk Goh Tian Chuan is buying some share

Company Name
:
COMPUGATES HOLDINGS BERHAD
Stock Name
:
COMPUGT
Date Announced
:
03/06/2009

Name
:
Datuk Goh Tian Chuan
Address
:

P O Box 20119
88758 Luyang
Kota Kinabalu
NRIC/Passport No/Company No.

:
610520-04-5375
Nationality/Country of incorporation

:
Malaysian
Descriptions
(Class & nominal value)

:

Ordinary shares of RM0.10 each
Name & address
of registered
holder

:

Datuk Goh Tian Chuan
P O Box 20119
88758 Luyang
Kota Kinabalu

Details of changes
Type of transaction

Date of change

No of securities

Price Transacted (RM)
Acquired

20/05/2009

10,000,000



































Circumstances
by reason of which change has occurred

:

Acquired through open market
Nature of
interest

:

Direct and Indirect
Direct (units)
:
119,064,600
Direct (%)
:
5.58
Indirect/deemed interest (units)

:
14,000,000
Indirect/deemed interest (%)

:
0.66
Total no of securities after change

:
133,064,600
Date of notice
:
27/05/2009

Remarks
The Form 29B dated 27 May 2009 is received on 3 June 2009.

he knows something about the company that the public does not?
or he is thinking wrong?

Datuk Goh Tian Chuan is the executive chairman of Jotech company. hmmm.

http://www.jotech.com.my/directors.htm

This one old news, already announced on 27/5/09..

what is the relationship between jotech and this company then?

Guys,

Let's get back to Compugates. I think there's still money to be made (or lost) if we pool our info together. The key is the operator. At 7.5 sen, no body bought the stock lower at anytime of Compugates' history. Why is the owner selling more than 550 million shares since May 12? Why is the operator driving down the price? My theory is that: the operator is accumulating the stock for another run, or the owner need to replenish the 550 million shares he sold earlier. That means we can expect another price surge in the future. Those who are selling bought at a higher price. They panic and are cutting losses.

Anyone of you have info from the market place to verify that?

Nope, currently everyone are inside the mist =/

I think Dato is entering in with lower price, but the seller could not sell high due to slow buyer. Perhaps change of director happen?

Wait below 0.070 and see the B-Q.

This post has been edited by stevenglobal: Jun 3 2009, 07:37 PM

i totally agree with your views. i believe the selling is to make contra players sh1t bricks in their pants, cause panic selling, and drive the price down, in which case we'll see a buy back of the shares sold, and a surge in price. for myself, i'm very confident in my purchase, and am willing to sit it out. i have the funds to spare.

Just curious to ask. How much you bought and how many lots ?