Nextnation - Q1 result

It is the time for Nextnation to release their Q1 result in this month, September. As I mentioned before, I have sold all of my holdings in the company a day after their Q4 result, back in June.

I also noticed that some of the investors still holding it as they believe there is nothing wrong with the business model of the company.

I went through some of the websites of nX and found that there are not much changes or progress to the company. They even removed their release where the CEO, Mr Tey comments about their Q4 result - where everyone can remember that the company incurred net loss for the first time(I think it should be around RM0.4mil?). Prior to this, nX has recorded net profit of RM4mil consistently every quarter.

I believe their venture into China is a failure as well. If I can remember correctly, the JV in China has been called off. Furthermore, I never see any progress and development over there. The mobile game portal - mostar should be considered as a failure too. You hardly see any development and the forum is really cold, with not much gamers having discussion there.

What do you expect from the coming Q1 result? Amid our mistake early before too late?

Fundamentally, I believe this stock is at the end of the era. But who knows speculators may push up the price in the future?

In conclusion, I think it is not worthwhile to keep holding it as they are many other attractive oppurtinities outside there. Property sector? Oil and Gas sector?

Just to share a meaningful quote from my friend - 'Not all good counters make you money, but those make you money counters are good counters' It is the fact, isn't? Happy investing ....