Commander Zuolun,
REDtone is above 200dMA and on a raising 20dMA.
As of last trading day Friday 11th April 2015, it is below 20dMA. Most indicators are -VE with the exception of MFI which is on the uptrend in the last 5 sessions.
If and when the price continued on the down trend, technically, for one to play the snap back effect of 20dMA, is it correct to strike at or outside the lower Bollinger Band ? If not, when or which point is the best to strike?
The following REDtone chart has fully demonstrated The Power of 20dMA. There were plenty of money to make just from REDtone if I were to know you-Sifu much earlier earlier.
,
The share price is always news-driven and it moves according to the major cheng kay / BBs' best interest.
We can only piggyback on the smart money to make a profit.
陳志遠的葫蘆 ~
上市公司接到一項極有可能失敗的全面獻購建議，股價竟然穩步攀升，這葫蘆賣的是甚麼藥？ ~ 5 Apr 2015
Redtone signs MOU with Telekomunikasi IndonesiaBy Shalini Kumar
13 April 2015
Redtone International Bhd has inked a memorandum of understanding (MOU) with PT Telekomunikasi Indonesia Tbk to offer ICT services in Indonesia.
In a statement today, Redtone group chief executive officer Lau Bik Soon said the MOU was in line with the group’s strategy of building a presence across Southeast Asia and the strengthening the company's value-added ICT services.
"Managed value-added services is expected to be one of Redtone’s main growth drivers moving forward and we target to increase contribution from this segment to group revenue to 30% in the next three to four years," said Lau.
Redtone signed the MOU via subsidiary Redtone Data Centre Sdn Bhd while Telekomunikasi Indonesia was represented by its unit PT Sigma Cipta Caraka (TelkomSigma).
TelkomSigma president director Judi Achmadi said the tie-up with Redtone would facilitate the Indonesian entity's growth plans.
For a start, PT Telekomunikasi will capitalise on Redtone's teleradiology expertise.
"We will work with Redtone on its proven managed value-added services, starting with solutions for the healthcare services industry. Currently, we are exploring the possibility of jointly establishing a teleradiology exchange in Indonesia.
"There’s a clear need for a teleradiology hub in Indonesia to provide a 24-hour reporting service that benefits not only hospitals but patients as well. The hub will allow easy access and real-time sharing of quality medical images and clinical information over the Internet, and we can tap on Redtone’s expertise in this area," he said.
The teleradiology exchange is expected to help Indonesian hospitals strengthen radiology service delivery and create cost savings in the health care delivery.
The teleradiology reporting service aims to overcome limited professional resources and shorten the time in providing radiology reports. The service will also allow radiology departments to extend their services to remote areas effectively and economically.
At 12.30pm, REDtone shares fell one sen or 1.2% lower to 81.5 sen for a market capitalisation of RM542.5 million.
A total of 779,800 shares changed hands.
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What’s brewing at REDtone?27 Mar 2015
REDtone International Bhd’s announcement of its suspension from 2pm to 5pm today caps off two weeks of developments at the integrated telecommunications services provider, signalling a major corporate exercise.
“REDtone has given notice on its intention to undertake a major corporate exercise involving REDtone and it intends to release the material announcement on the said exercise by Mar 27, 2015,” REDtone said in today’s Bursa Malaysia filing.
Industry observers think there could be a possibility of a takeover, given that the Sultan of Johor and Tan Sri Vincent Tan both hold a substantial chunk of equity in REDtone.
Two separate off market transactions today add to the speculation.
No details are available on Bursa Malaysia about the transactions yet but REDtone’s substantial shareholder Berjaya Corp Bhd (BCorp) could have raised its interest in the group.
The two deals totalling 70.09 million shares or a 10.53% interest changed hands at 80 sen per share, for a combined RM56.08 million.
The block could have potentially been sold by Syed Ali's Tema Juara, which incidentally held the same amount as at March 16.
BCorp was also suspended today.
In an email reply to The Edge Financial Daily earlier today, REDtone group chief executive officer Lau Bik Soon did not comment on possible corporate exercises, but said the emergence of the Sultan of Johor was a case of good timing.
“Our three key business pillars — telecommunications services, managed telecommunications network services and managed value — added services — are on a strong growth track. Backed by our core competencies, we are optimistic of maintaining the profit trend that we have been seeing over the last three consecutive years since FY12,” he said.
In another email reply, BCorp, the group’s other major shareholder, declined to comment on whether they had a corporate exercise planned for REDtone.
In an note last week, Kenanga Research analyst Cheow Ming Liang said the emergence of the Sultan would further enhance REDtone’s profile and edge in project bidding moving forward, especially from companies controlled by the Johor state’s government and/or other government related projects.
To recap, on Mar 16, REDtone announced Sultan Ibrahim of Johor had emerged as the single largest shareholder in the group, with a direct 20.13% stake, following conversion of his warrants and irredeemable convertible unsecured loan stocks (ICULS) to ordinary shares, and the purchase of shares from the market.
Sultan Ibrahim had acquired 74.6 million shares in the company via a married deal. Prior to the warrants and ICULS conversion, he held a 4.8% stake in RIB.
The 74.6 million shares had been disposed by the group’s chairman Datuk Seri Syed Ali’s vehicle Tema Juara Sdn Bhd. Syed Ali is now left with another 10.53% indirect interest in REDtone.
The next day, BCorp increased its stake to 28.29%, after its wholly-owned subsidiary Juara Sejati Sdn Bhd (JSBB) bought six million shares in REDtone on Mar 12, 2015.
Correspondingly, Tan now has an increased 29.95% equity interest in REDtone by virtue of his interest in BCorp.
REDtone shares were last traded at 83 sen today, with some 289,200 shares traded, while BCorp shares were last traded at 44 sen with some 5.1 million shares done.
