Stocks looking to decline now .. but our Blue Chip Compugt still strongly support at 0.07 ..

sure le hehehehe compugt is always against the market geh heheheh

Just thinking aloud, could Compugates be on reverse distribution?

what is reverse distribution? Will it affect the company performance?

This post has been edited by lclee: Jul 10 2009, 03:05 PM

It means sodomy... dari belakang

Sodomy? How a company do belakang mari?

i also dunno... haven't tried before... let me think think... hmm...

what make u think that compugates is under reverse distribution?

From analyzing the stock movement.

Normally, the accumulation phase precedes distribution. In Compugates' case, there was no accumulation phase.

The price began its ascent on Jan 9 in low volumes and reached its peak on May 3 at 18 sen, still in low volumes. On May 12, the stock price made its 2nd and final spike to 17 sen. On that day, the volume surged to 215 million shares. The volume on the day before was 14 million. On the same May 12, the MM unloaded its first installment of "force sales" of 217 million shares. And they say, "The rest is history."

Question: Where did the MM get the amount of shares to distribute if there wasn't an accumulation phase? From the so call "forced sales."

My conservative estimates put the average selling price of the MM at 10.5 sen and re-purchase price at 7.5 sen, this exercise would have netted the MM a cool Rm28 million - a heck of a lot better than the profit he could ever make from Compugates operations.

So after making his cool Rm28 million and recouped his 940 million shares, the MM can afford to sit tight as the majority shareholder again. The share price is of no concern to him at all. He can afford to let the share price lingers where it is for an indefinite time period.

This is what I meant by reverse distribution.

Where does this lead us?

First of all, this is only my conjecture. A fairly logical one at that, I believe. With this, it helps me to prepare myself mentally to face the future in this game. I have my game plan. You should plot your own too.

This post has been edited by omione: Jul 10 2009, 05:21 PM

who know , maybe during the peak 0.17-0.18 , there may used short selling method ..

If that is the case, why dont he let the price down even further like 0.05 or 0.03 so that he can earn even more?

when the share price drop to a certain level, public will lost confidence to the particular counter, and of coz it could affected they business operation as well.

anyway, Omione has posted a wonderful statement on behalf of the reverse distribution explaination. highly posibilities applied on compugt's case. so, as what he said, plot ur own strategy and prepare for battle...

how long will it drag on??? hmm.. when the number of shares is getting lesser from the public;s hand, and so call, they could easily manipulate they price back to the actual position, whereby u couldnt able to get any during the rebound period due to low number of shares in public....most of the ppl will stuck at the price of maybe 0.09 or 0.10 if the price back to a certain level.

oh no.... sound bad to me....

---

Added on July 10, 2009, 11:38 pmoh no.... sound bad to me....

This post has been edited by stanly007_2: Jul 10 2009, 11:38 PM

haha...
i am sure that during 15 of July 2009, COMPUGT will still hovering at the same point

My fair value for Compugate is 2-3 sen a share. That is for those people who have faith in this counter. For me, I will not touch even if it is at 1 sen. This is just my personal opinion having considered all factors as shown in their financial statements, biz model, market trading pattern and news of late.

hi, may i know on what basis you said its fv is 2-3 sen ?
how you drawn that fv ?
mind to share ?



This post has been edited by smartly: Jul 11 2009, 08:46 PM

removed-

This post has been edited by MoonRider: Jul 11 2009, 10:38 PM

-removed-

This post has been edited by stanly007_2: Jul 11 2009, 10:41 PM

Financial Statement of Compugt for last quarter March 09 as attached. Read it yourself ..

NOTES TO CASH FLOW STATEMENTS
Cash and cash equivalents comprise:
Fixed deposits with licensed bank 7,629
Cash and bank balances 9,016
Total 16,645,000 = 16 million cash ..


There is another report , you can refer to bursa website, i will highlight the second reports here ...

11. Contingent Liabilities and Contingent Assets

The Company had given corporate guarantees amounting to approximately RM27 million to secure banking facilities granted to its subsidiaries, Compugates Sdn. Bhd. and Compugates Marketing Sdn. Bhd.

There were no contingent assets as of the end of the current quarter.


16. Review of Performance

The Group registered a revenue of approximately RM206.8 million for the quarter ended 31 March 2009, which was approximately RM54.3 million higher as compared to the preceding corresponding quarter ended 31 March 2008 of approximately RM152.5 million. The higher revenue was mainly due to higher revenue contribution from Bangladesh subsidiary by approximately RM59.0 million.

The Group recorded a gross profit of approximately RM2.1 million for the current quarter which was about RM0.7 million higher as compared to the preceding corresponding quarter of approximately RM1.4 million. The increase in gross profit was in line with the higher revenue recorded.

During the current quarter, the Group recorded a profit before taxation (“PBT”) of approximately RM0.7 million as compared to the preceding corresponding quarter loss before taxation (“LBT”) of approximately RM0.6 million. The improvement in PBT was mainly due to reduction in operating expenses and higher revenue as mentioned above.


17. Comment on Material Changes in the Profit Before Taxation for the Quarter Reported on as Compared With The Immediate Preceding Quarter

The Group registered a revenue of approximately RM206.8 million for the quarter ended 31 March 2009, which was approximately RM17.4 million higher than the previous quarter ended 31 December 2008 of approximately RM189.4 million. The higher revenue was mainly due to higher revenue contribution from Bangladesh subsidiary by approximately RM13.4 million.

The Group recorded a PBT of approximately RM0.7 million for the quarter ended 31 March 2009 which has been reduced by approximately RM0.5 million from the previous quarter PBT of approximately RM1.1 million. This was mainly due to lower gross profit margin in the quarter under review.

24. Borrowings and Debt Securities

The Group’s borrowings are as follows:

As at
31 Mar 2009
RM’000
Short term borrowings – secured
- banker’s acceptance 7,011
- hire purchase 105
7,116

Long term borrowing – secured
- hire purchase 65

----Moonrider Comments : This company only have 7 million of debts and 65k of long term borrowing for the hire purchase

This post has been edited by MoonRider: Jul 11 2009, 10:41 PM

Smartly dont angry... he just TALK COCK only la..

He got NO PROOF to support also...

Kuku...KUKU~~~~~~

This post has been edited by stanly007_2: Jul 11 2009, 10:40 PM