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Going Places -This Ace |
Some said somewhere in March-Digi.com is fully valued. Stay away.
Then in June or July, some investment banks has a rethink.
Digi.com is good and will go some more.
All are big, fat liars!
From the low doldrums of RM4.50 in July, it went up to sit as a higher perch of RM4.85 by late August, a good 35 sen for those who dared to go in.
Beginning this month, it started from the new base station and moved up to RM4.85-RM4.95.
Yesterday, it climbed beyond RM5.00 and ended up at RM5.12.
Today, Digi.com came out roaring pushing up to a new height of RM5.35.
Buyers were mostly retail and big retail players.
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Ended at RM5.29 for a 17 sen gain |
Digi closed at RM5.29 for a 17 sen gain.
On 24 September, EPF alone accumulated 4 million Digi shares. What gives?
Here are some things you need to know about Digi.com for the next few months.
OUTLOOK FOR THE SECOND HALF OF THE YEAR
While the Company's performance has been good, it is wary of the '....rapid change in customer behaviour in adopting mobile connectivity in their everyday lives...' it said.
On its plans for future growth of its Data business, CEO HENRIK CLAUSEN said that to-date the Company has swapped close to 2,000 sites, or 36% of its network footprint, and plans to acceleratre the swap rate in the second half of the year. Apart from modernising its network, '....we have also refreshed our retail presence with the introduction of the new DiGi Store Express concept and an online store....'.
CASH & BANK BALANCES UP, BORROWINGS HIGHER
The Company's Cash & Bank Balances as at Jun 30, 2012 jumped to RM1.52 bil from its Jan 1, 2012 balances of RM1.10 bil.
Long Term Borrowings as at Jun 30, 2012 increased to RM928.2m, from RM578.0m at Jan 1, 2012 while Trade & Other Payables rose to RM1.95 bil, from RM1.92 bil as at Jan 1, 2012.
So, what do you think is the reason for Dig.com's climb to the Himalayas?