Highlights

For Newbies To Know And Learn About Penny Stocks

Author: whistlebower99   |   Latest post: Tue, 20 Jul 2021, 5:05 PM

 

PENNY STOCKS INVESTING IN PENNY STOCKS !!!

Author:   |    Publish date:


Many penny stock companies are using internally generated funds as well as share margin financing to invest in other penny stocks. 

Are they making profits or losses from the investment? Where are the directors willing to risk company funds on these investments ?

Many questions arises as there have been huge losses incurred (realized or unrealized) by some of these penny stock companies.

I am in the midst of compiling a list of low-price penny stocks that invested in other penny stocks. Updates will be posted whenever they are ready. Potential ones could include Mtronic, Fintec, Xox, Netx, Kgroup, Dgb

 

1.  PERMAJU INVESMENT IN STOCKS

As At 23/7/21

Stock Name & Code

Date

Quantity (Unit)

Amount (RM)

Average Price (RM)

Current Price (RM)

Market Value

MTOUCHE (0092)

10/6/21

185,050,000

18,505,250

0.10

0.095

17,579,750

MTOUCHE-WD

10/6/21

92,525,000

FREE

0.00

0.025

2,313125

PNE PCB (6637)

16/11/20

16,000,000

**<32,000,000>

19,680,000

1.23

0.13

** 4,160,000

PNE PCB (6637)

17/11/20

6,000,000

**<12,000,000>

7,380,000

1.23

0.13

**1,560,000

PNE PCB-WB

25/11/20

**14,666,666

FREE

0.00

0.035

**513,333

MERIDIAN (5040)

22/10/20

100,000,000

26,000,000

0.26

0.185

18,500,000

Upon completion of the exercise, based on the share split and bonus ratio, PERMAJU should have the following:

** PNE PCB had a Share Split exercise and bonus issue of warrant B that was completed on 25/11/20.

  1.  PNE PCB = <32,000,000> + <12,000,000>  = 44,000,000 shares
  2.  PNE PCB-WB = 14,666,666 warrants

 

1A.  PERMAJU INVESTMENT IN MTOUCHE TECHNOLOGY BERHAD (stock code 0092)

The Board of Directors of Permaju (“Board”) wishes to announce that Iconworld Resources Sdn. Bhd. (“Iconworld”), a wholly-owned subsidiary of the Company had on 10 June 2021 acquired 185,050,000 Rights Shares together with 92,525,000 Free Warrants in MTouche Technology Berhad (“MTB”) for a total purchase consideration of RM18,505,250.00, which is representing approximately 19.97% of the existing total number of issued shares in MTB (“the Acquisition”).

Kindly refer to the attachment for further details.

This announcement is dated 14 June 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3166462

 

1B.  PERMAJU INVESTMENT IN PNE PCB BHD (stock code 6637)

With reference to the announcement dated 16 November 2020, the Board of Directors of PERMAJU wishes to announce that its wholly-owned subsidiary, Iconworld Resources Sdn Bhd, had on 17 November 2020 acquired additional 6,000,000 ordinary shares of PNE at RM1.23 per share (“PNE Shares”) for a total cash consideration of RM7,380,000.00 (“Consideration”) from open market.

Together with the 16,000,000 of PNE Shares announced on 16 November 2020, PERMAJU now has aggregate of 22,000,000 of PNE Shares, representing 12.43 % of issued shares of PNE. The total purchase consideration for the entire 22,000,000 PNE Shares is RM27,060,000.00 (“Aggregate Investment”).

This announcement is dated 17 November 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3105720

The Board of Directors of Permaju wishes to announce that its wholly-owned subsidiary, Iconworld Resources Sdn Bhd, had on 16 November 2020 acquired 16,000,000 ordinary shares of PNE, representing 9.05% of issued shares of PNE, at RM1.23 per share (“PNE Shares”) for a total cash consideration of RM19,680,000.00 (“Consideration”) (“Investment”) from open market.

Please refer to the attachment for details of the announcement.

This announcement is dated 16 November 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3105407

MULTIPLE PROPOSALS

PNE PCB BERHAD ("PNE" OR THE "COMPANY") (I) PROPOSED SHARE SPLIT; AND (II) PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of the Company ("Board"), Mercury Securities Sdn Bhd ("Mercury Securities" or the "Principal Adviser") wishes to announce that the Company proposes to undertake the following:-

  1. share split involving the subdivision of every 1 existing ordinary share in the Company ("PNE Share" or "Share") held on an entitlement date to be determined and announced later ("Books Closure Date") into 2 Shares ("Split Shares") ("Proposed Share Split"); and
  2.  bonus issue of free warrants in the Company ("Warrants B") on the basis of 1 Warrant B for every 3 Split Shares held on an entitlement date to be determined and announced later ("Entitlement Date") ("Proposed Bonus Issue of Warrants").

Please refer to the attachment for further details on the above.

This announcement is dated 30 September 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3092417

 

1C.  PERMAJU INVESTMENT IN MERIDIAN BHD (stock code 5040)

The Board of Directors of Permaju wishes to announce that its wholly owned subsidiary, Iconworld Resources Sdn Bhd, had on 22 October 2020 acquired 100,000,000 ordinary shares of Meridian, representing 16.97% of issued shares of Meridian, at RM0.26 per share (“Meridian Shares”) for a total cash consideration of RM26,000,000.00 (“Consideration”) (“Investment”) via Direct Business Transaction.

Please refer to the attachment for details of the announcement.

This announcement is dated 22 October 2020. 

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3098780

 



2.  LAMBO INVESTMENT IN STOCKS

 

As At 23/7/21

Stock Name & Code

Date

Quantity (Unit)

Amount (RM)

Average Price (RM)

Current Price (RM)

Market Value

**SINARAN (5172)

15/9/20

90,000,000

12,150,000

0.135

0.08

7,200,000

**SINARAN (5172)

26/3/21

34,600,000

7,8958,000

0.35

0.08

2,768,000

FOCUS (0116)

10/7/20

22,796,600

25,653,013.98

1.1253

0.045

***

FOCUS-PA                  0.01  
FOCUS-WD                  0.01  

** SINARAN (formerly known as KSTAR, stock code 5172)

 

*** In Dec 2020, FOCUS had completed a Multiple Proposals consisting of SHARE SPLIT and RIGHTS ISSUE OF ICPS WITH WARRANTS. The shareholdings would have changed and it is not able to compute the market value until the actual shareholdings and the number of ICPS and Warrants are confirmed.

 

2A. LAMBO INVESTMENT IN SINARAN (formerly known as KSTAR) (stock code 5172)

  • The Board of Directors of LAMBO wishes to announce that its wholly-owned subsidiary, Oriented Media Holdings Limited in Hong Kong, had on 15 September 2020 acquired 90,000,000 ordinary shares of K-Star Sports Limited (“KSTAR”), representing 19.78% of the issued and paid up capital of KSTAR, at RM0.135 per share (“KSTAR Shares”) for a total cash consideration of RM12,150,000 (“Consideration”) (“Investment”) from open market. This announcement is dated 15 September 2020.
  • ​Refer to earlier announcement dated 15 September 2020, the Board of Directors of LAMBO wishes to announce that its wholly-owned subsidiary, Oriented Media Holdings Limited in Hong Kong (“OML”), had acquired additional 34,600,000 ordinary shares of K-Star Sports Limited (“KSTAR”), representing 5.43% of the issued and paid up capital of KSTAR (“KSTAR Shares”) for a total cash consideration of RM7,958,000 (“Consideration”) (“Investment”) from open market. This announcement is dated 26 March 2021.

Unrealized loss = 20,108,000 X (0.162 – 0.08) = RM1,648,856

Follow the link to check on NON RELATED PARTY TRANSACTIONS :

https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=NON+RELATED+PARTY+TRANSACTIONS&cat=&sub_type=&company=0018&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=#/?category=all

 

2B. LAMBO INVESTMENT IN FOCUS DYNAMICS GROUP BERHAD (stock code 0116)

The Board of Directors of LAMBO wishes to announce that its wholly-owned subsidiary, Oriented Media Holdings Limited in Hong Kong, had from 6 July 2020 till 10 July 2020 acquired 22,796,600 ordinary shares of Focus Dynamics Group Berhad (“FOCUS”) at averace price of RM1.1253 each (“FOCUS Shares”) for a total cash consideration of RM25,653,013.98 (“Consideration”) (“Investment”) from open market.

This announcement is dated 13 July 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3068113

 

In Dec 2020, FOCUS had completed a Multiple Proposals consisting of SHARE SPLIT and RIGHTS ISSUE OF ICPS WITH WARRANTS. The shareholdings would have changed and it is not able to compute the market value until the actual shareholdings and the number of ICPS and Warrants are confirmed.

However based on the purchase price, closing prices and the price movement of FOCUS in 2021, it is very likely that the company will end up with massive losses in the investment.

 

FOCUS – Multiple Proposals:  

  1. PROPOSED SHARE SPLIT
  2. PROPOSED RIGHTS ISSUE OF ICPS WITH WARRANTS

On behalf of the Board of Directors of the Company (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities” or the “Principal Adviser”) wishes to announce that the Company proposes to undertake the following:-

 (i)         proposed share split involving the subdivision of every 1 existing ordinary share in Focus (“Focus Share” or “Share”) into 3 Shares (“Split Shares”) (“Proposed Share Split”);

(ii)         proposed renounceable rights issue of up to 2,044,266,157 new irredeemable convertible preference shares in the Company (“ICPS”) together with up to 3,066,399,235 free detachable warrants in the Company (“Warrants D”) on the basis of 2 ICPS together with 3 free Warrants D for every 6 Split Shares held by the entitled shareholders of the Company (“Shareholders”) (“Entitled Shareholders”) on an entitlement date to be determined (“Entitlement Date”) (“Proposed Rights Issue of ICPS with Warrants”); and

(iii)        proposed amendments to the constitution of the Company (“Constitution”) to facilitate the issuance of the ICPS pursuant to the Proposed Rights Issue of ICPS with Warrants (“Constitution”) (“Proposed Amendments”).

The Proposed Share Split, Proposed Rights Issue of ICPS with Warrants and Proposed Amendments shall collectively be referred to as the “Proposals”.

Please refer to the attachment for further details on the Proposals.

This announcement is dated 18 August 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3078782

On behalf of the Board, Mercury Securities wishes to announce that the Corporate Exercises have been completed following the listing and quotation of:-

 (i)         6,132,798,471 Split Shares on the ACE Market of Bursa Securities on 27 October 2020; and

 (ii)         2,044,266,042 ICPS and 3,066,399,051 Warrants D on the ACE Market of Bursa Securities on 3 December 2020.

This announcement is dated 3 December 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3110837



3.  JOE HOLDINGS INVESTMENT IN STOCKS

As At 23/7/21

Stock Name & Code

Date

Quantity (Unit)

Amount (RM)

Average Price (RM)

Current Price (RM)

Market Value

PASUKGB (0177)

15/7/21

249,720,000 

24,972,000

0.10

0.10

24,972,000

PASUKGB-WA

15/7/21

145,670,000

FREE

0.0

0.01

1,456,700

 

3A. JOE INVESTMENT IN PASUKGB (stock code 0177)

The Board of Directors of JOE (“Board”) wishes to announce that GP Autobat Sdn. Bhd. (“GP Autobat”), a wholly-owned subsidiary of the Company had on 15 July 2021 subscribed 249,720,000 Rights Shares together with 145,670,000 Free Warrants in Pasukhas Group Berhad (“PGB”) for a total purchase consideration of RM24,972,000.00 in conjunction with PGB’s rights issue exercise, which representing 21.58% of the existing total number of issued shares in PGB (“the Acquisition”).

 Please refer to the attachment for further details. 

This announcement is dated 21 July 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3176839

 

NOTE : Announcement on Disposal of PASUKGB shares by JOE Holdings

 

  1. On 23 July 2021 disposal of 53,410,000 ordinary shares in PAUSKGB for a total consideration of RM5,609,118.20
  2. The Disposal consideration was based on the market price of RM0.10502 per share at the point of disposal.
  3. The original cost and estimated proforma gain from the Disposal is RM5,3410,000 and RM268,118 respectively.
  4. Arising from the Disposal, the shareholdings of JOE in PASUKGB will be reduced from 249,720,000 ordinary shares, 21.58% to 196,310,000 ordinary shares, 16.961%.
     

The announcement is dated 26 Jul 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3177878

 

 



4.  KANGER INVESTMENT IN STOCKS

As At 23/7/21

Stock Name & Code

Date

Quantity (Unit)

Amount (RM)

Average Price (RM)

Current Price (RM)

Market Value

TECFAST (0084)

19/10/20 – 5/2/21

12,297,100

***

6,242,816.24

****

0.5076

0.265

3,258,731.50

 

*** Net Shareholdings = 33,574,733 - 21,277,633 = 12,297,100

**** Net Amount Invested = 16,240,377.50 - 9,997,561.26 = 6,242,816.24


Recent Announcement by TECHFAST 

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE

  1. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 909,204,618 NEW ORDINARY SHARES IN TECHFAST ("TECHFAST SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING TECHFAST SHARE HELD, TOGETHER WITH UP TO 454,602,309 FREE DETACHABLE WARRANTS IN TECHFAST ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS"); AND

  2. II. PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST IN TECHFAST PRECISION SDN BHD ("TPSB") TO LU ENG SHEAN FOR A DISPOSAL CONSIDERATION OF RM6,100,000 ("PROPOSED DISPOSAL") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

This announcement is dated 16 Jul 2021.

 

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3175895



4A. KANGER INVESTMENT IN TECFAST (stock code 0084)

The Board of Directors of Kanger wishes to announce that the Company, had from 19 October 2020 until 5 February 2021 acquired and disposed the ordinary shares of Techfast from the market.

Please refer to the full announcement as attached.

This announcement is dated 26 March 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3142758

 

ACQUISITION TRANSACTIONS

Date of Acquisition Transaction

Nature of Transaction

Quantity (Unit)

Total Consideration (incl. brokerage fee) (RM)

Percentage Ratio pursuant to Rule 10.02(g)

 

19 October 2020

Purchased via off market

18,386,033

9,223,450.29

6.024%

23 October 2020

Purchased via open market

500,000

220,965.60

0.144%

 

28 October 2020

Purchased via open market

1,200,000

530,780.42

0.347%

26 November 2020

Purchased via open market

554,600

266,343.22

0.174%

4 January 2021

Purchased via open market

8,274,100

3,850,026.17

2.515%

5 January 2021

Purchased via open market

3,300,000

1,540,040.06

1.006%

January 2021

Purchased via open market

1,000,000

451,766.00

0.295%

14 January 2021

Purchased via open market

360,000

157,005.74

0.103%

Total

 

33,574,733

16,240,377.50

10.608%

 

DISPOSAL TRANSACTIONS

Date of Disposal Transaction

Nature of Transaction

Quantity (Unit)

Total Consideration (incl. brokerage fee) (RM)

Percentage Ratio pursuant to Rule 10.02(g)

 

20 October 2020

Disposal via open market

(600,000)

(309,219.46)

0.202%

28 December 2020

Disposal via open market

(12,500,000)

(5,888,510.97)

3.846%

29 December 2020

Disposal via open market

(7,540,633)

(3,536,595.79)

2.310%

5 February 2021

Disposal via open market

(637,000)

(263,235.04)

0.172%

Total

 

(21,277,633)

(9,997,561.26)

6.53%

 

 



5.  METRONIC INVESTMENT IN STOCKS

As At 23/7/21

 

Stock Name & Code

Date

Quantity (Unit)

Amount (RM)

Average Price (RM)

Current Price (RM)

Market Value

SANICHI (0133)

22/5/21

62,500,000

5,1000,000

0.0816

0.04

2,5000,000

SANICHI-WF

22/5/21

31,250,000

FREE

0.00

0.01

312,500

 

5A. METRONIC INVESTMENT IN SANICHI (stock code 0133)

The Board of Directors of Metronic wishes to announce that the Company had on 24 May 2021 acquired 62,500,000 Rights Shares together with 31,250,000 Free Warrants in Sanichi Technology Berhad (“STB”) for a total purchase consideration of RM5,100,000, which is representing approximately 4.45% of the existing total number of issued shares in STB.

 Kindly refer to the attachment for further details.

 This announcement is dated 1 June 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3163285

 



6.  NETX INVESTMENT IN STOCKS

6A. NETX INVESTMENT IN KSTAR (now known as SINARAN (stock code 5172))

Total loss = RM3,328,826 to the Group (as per company announcement on 3/2/21).

The Board of Directors of NETX Holdings Berhad (“NETX” or “the Company”) wishes to announce that First United Technology Ltd, a subsidiary of the Company, had on 30 November 2020 acquired through Direct Business Transactions an aggregate of 35,400,000 ordinary shares in K-Star Sports Limited (“K-Star”), representing 7.35% of the total issued and paid up share capital of K-Star for a total purchase consideration of approximately RM8,184,251.96 (“Acquisition”). 

Further details of the Acquisition are set out in the attachment herein.

 This announcement is dated 2 December 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3110676

 

NETX HOLDINGS BERHAD - Ceased as Substantial Shareholders of K-Star Sports Limited

The Board of Directors of NETX Holdings Berhad (“NETX” or “the Company”) wishes to inform that First United Technology Limited (“FUTL”), a subsidiary of the Company and the Company had ceased as substantial shareholders of K-Star Sports Limited (“K-Star”) on 26 January 2021 due to the disposal of 11,000,000 ordinary shares in K-Star to the open market (“Disposed of Shares”). The total percentage of shareholdings held by FUTL in K-Star after the Disposed of Shares has reduced from 7.17% to 4.94%.

 This announcement is dated 27 January 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3125066

 

The Board of Directors of NETX Holdings Berhad (“NETX” or “the Company”) wishes to announce that First United Technology Ltd, a subsidiary of the Company, had performed the following transactions : 

i) On 11 December 2020, acquired 7,330,200 warrants in K-Star Sports Limited (“K-Star”)  for the total consideration of RM810,839 from the open market (“Acquired of Warrants”). 

ii) On 26 and 27 January 2021, disposed 32,750,000 ordinary shares in K-Star for the total consideration of RM4,242,763 to the open market (“Disposal of Shares”)

(collectively referred to as the “Transactions”) 

Further details of the Transactions are set out in the attachment herein.

Refer Attachment in announcement 

4. ORIGINAL COST AND DATE OF INVESTMENT The original cost of investment for the K-Star’ shares disposed was around RM7,571,589. The shares disposed were acquired on 30 November 2020. )

 

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3125613

This announcement is dated 29 January 2021.

 

ACQUISITION OF WARRANTS (ACQUISITION) AND DISPOSAL OF SHARES (DISPOSAL) IN K-STAR SPORTS LIMITED (K-STAR)(TRANSACTIONS")

4. The expected gain and losses to the group arising from the Transactions.

The Disposal of Shares represented a loss of RM3,328,826 to the Group.

 

This announcement is dated 3 February 2021. 

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3126432

 

 

 

 


COME BACK FOR MORE UPDATES

 

 

 

 

 

 

 

 

 

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ahbah There got no such thing as 'investing' in penny stocks.

Penny stocks are for us to main main for fun onli !

The rakyat now got depression bcos of the lockdown, stay at home, loss of rezeki, loss of business, loss of jobs, potong gaji etc, etc.

Penny stocks are for us to play play for fun to kill the boredowm / hardship caused

by lockdown.

But there is no free lunch, food kitchen for playing the penny stocks !
26/07/2021 1:58 PM
stockraider IF U BUY FINTEC GROUP OF RELATED COMPANIES...GOT MANY CASES OF PENNY STOCKS INVESTING IN PENNY STOCKS COMPANIES LOH!
26/07/2021 4:31 PM
absalom In the age of loads and loads of cash been creamed off in the fashion of IMDB ..and many more, some of these offshore loot need to make their way back. Just a thought.
27/07/2021 9:48 AM


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