tis company got bid for the Fuel subsidy Project thingy?
In newspaper, I only see MyEg, Iris, MOL Access & another Private company (ex-minister link)

Close 2.02

if really get fuel subsidy contract, this share will up even more.

any links?

http://www.nst.com.my/node/6283

Good news ?

thanks for the link.

time to stock up on other counters?

2 more join forces for fuel subsidy plan

Pos Malaysia Berhad and Datasonic Group Berhad, have joined forces in their bid to secure the concession from the government to manage the impending Fuel Subsidy Rationalisation Programme, it emerged yesterday.

The two companies, a source said, had submitted their proposal via Fuelsubs House Sdn Bhd, a company they formed as the vehicle to manage the programme.

“Pos Malaysia and Datasonic are also using their vehicle (Fuelsubs House) as a project manager and service provider (for the scheme),” the source told.

“The national postal company (Pos Malaysia) plans to utilise their logistic strength of more than 700 post offices nationwide to manage subsidised fuel applications from Malaysians.

“Datasonic, meanwhile, will utilise their expertise in smart card (such as secure ID or chip-based credit, debit and bank cards).”

Fuelsubs House had proposed to use the MyKad and Fleet Card as the platforms for the distribution of subsidised fuel.

“The company has also suggested that their mechanisms will not require big funding from the government and can be implemented almost immediately due to the usage of the existing MyKad and Fleet Card.”

The source said the company did not ask to be given total ownership and control over database and confidential personal data for them to manage the scheme.

“They have suggested that the data to remain under government agency, National Subsidy Corporation Bhd.”

will dsonic get it?

See how strong the "connection" @ $$ for "u know who" is

but even if get, share price might not go up that much, previously when they get the IC contract, share price didn't go crazy also.

I guess I have proven my news to be accurate as all can see, from over RM2 to now, RM1.8. I have said that my stories are all internal but back then many flame me and claim I am trying to pull it down, etc.

But here's another news so that people don't think I am trying to pull down the company but basically just helping ppl decide.

New story, two more projects coming in, one this year, another 2015 or 2016. But substantially will pull the price up, to a level many will be surprised with again during this down time. Buy, at any price even if its RM2! As much as you can.

Hold till December 2014, and you'll be delighted.

But again, buy at your own risk. I am sharing what I know that's all. Cheers.

petrol card?

:'( :'( :'( :'( :'( :'(
l let go my ipo during 1st day

to even consider this share, it needs to drop another 50%. If not it is just pure goreng

Trade at own risk la, take my story as just an opinion, simply said, if lose I can't pay for you, if win no one will also share with me..

But this is what I gather la. Previously, they were having issues with JPN due to non payment, causing bad financial flow and even account being frozen from principal machine provider in US. The case has just been settled not long. The petrol card business already has offices setup, they hired over 80 workers awaiting for project to come in. Office is in TheStrand Kota Damansara. Iris wants them to die hence we see the price going down now, they have a staff called Chuah BC which was from IRIS, previously betrayed IRIS and sell info to Datasonic to get the Mykad project. Today IRIS just wants that BC guy to pay for his betrayal.

On top of that, what I know is part contract was supposedly awarded, but they are keeping quiet about it because they want to hit more projects before announcement. But of course, I guess this is how they want to play the game, let the whole world sell low low, then when its low enough, they buy it all for their relative, their friends, then announce project, price go up then sell out to public. Then public bodoh bodoh buys...something which they could've profitted way more if they dare to sapu more when it looks like its going down.

Please, take it again as just an opinion. Its just news from inside people. News can be anything, true or false, you judge and decide yourself. I don't get paid for sharing, I myself have purchased quite some lots and due to this news, I am holding. I bought it at RM2 some more, I haven't fear yet, tapi semua dah start to takut.

No problem, different people believe and play differently. Its good. Else no balance.

got project doesn't mean price will shoot up. previously when announce they renew contract for IC, price even went down.

Execution plays an important part which will dictate success or failure

As I said, its up to you. I have revealed more than I should. Does it make a difference to say that the director is my uncle and he asked me to buy and hold these units? Well but I am not ... just saying.

Anyways, trading got lose got win. I accept that. Have fun, as usual.

This post has been edited by internalstory: Aug 4 2014, 02:27 PM

government business, need long term... cause government punya duit, hard to collect.....
they like to owe urs long long time then only pay....
like petronas, they like to hold very very long time only pay for the debts... some more not pay all together,
only partial of it...