It touched 80sen this morning, then succumbed to profit taking to close at 78sen at midday. Still a good price for mid to long term holding. I got mine at 74sen.

wow..83sen

91 sen. Awesomeness!

I got my form yesterday. Have to rush to buy bank draft/money order/postal order, and a RM10 hasil stamp.

Instructions clearly state that delivery is by ordinary post or by hand. I had wanted to send by Poslaju but decided against it as they may ask the Registrar to pick up the mail if they couldnt reach anyone. Quite risky. I'm going to snail mail it and take the risk of it not reaching by 17th.

What a rush and hassle just to exercise my rights.

There must be a reason for them to ask for Ordinary Mail. Two reasons I can think of is that they don't want to keep signing off Poslaju receipts, and they would not want to go to the post office to collect any undelivered Poslaju letters.

So hope that your Poslaju reaches the office when there is actually someone to sign for it.

Care to share how your broker settle your hassle?

You must be kidding us.

Their CEO recently put the year end target at 160k subscribers, which is a downward revision of the 200k they have been proudly and optimistically asserting on.

I see many p1 promotional booths around town, but sad to say the sales staff look bored, tired and uninterested, with nary a visitor in the many times I looked.

If this goes on, I seriously doubt they will even reach 160k by year end.

I totally concur. Also, fringe wimax players are eating into the industry as well.

I would also hope that Gpacket could perform. But sadly, it has been a lot of hot air so far. We could also conjecture that if it hits 400k subscribers, it's share price would be, say, RM1.80.

The problem lies in its execution. And yes, timing matters because if it keeps revising it's targets downwards, investors would get tired of this stock and not give it another look. We are talking of investors that are human and driven by a need to see tangible results. That is because share price is not determined by mere paper computations.

With them lowering their targets of 200k to 80k by end of this year, and with the huge advertising costs (look at their multiple full page ads, tv and radio airtimes of the 'cut' campaign), I don't see how they can do well even next year.

East Malaysia is a small market. YTLe is rolling out Wimax next year. Fringe players are also nibbling into the market.

Just my opinion.

At first it was 200k target for end of this year. But Michael Lai mentioned 160k in his interview. And now 200k again 'on track'. Somehow i dont trust these guys.

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Added on November 13, 2009, 11:04 amAlso it was earlier said that they should be profitable by first quarter of 2010. Now it is 'second half of 2010'. They keep changing the goalpost.

This post has been edited by Starbucki: Nov 13 2009, 11:04 AM

Now they want another RM400m for their capex to be funded through vendor financing, borrowing, and a 10% private placement. And this comes just after their recent rights issue.

At this rate they are burning cash, i cannot see how they can sustain in the longer term.

Yes. For those who thinks GPacket is worth a long term holding, all the best!

The longer one takes to come to his senses, the more he will stand to lose.

Of course the market being as irrational as it is, GPacket may see another spike. But I'm not going to take my chances.

If Gpacket says it cannot meet it's target of 200k subscribers by end of this year, the price will go up or down? *wink*

Even ikan bilises here are millionairres. Don't play play.

Would Warren Buffet buy this stock? It's always easy to quote them but the challenge is to apply their techniques.

So many words on FA and TA, and I still cannot understand what the point is. *daze*

Who are they kidding. They can't even achieve 200,000 by this year end with all the advertisement and promotions, and they expect to more than double that next year?