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Last Price Today's Change   Day's Range   Trading Volume
1.60   -0.01 (0.62%)  1.59 - 1.61  242,000
3,423 comment(s). Last comment by hng33 at Jul 15, 2019 5:03 PM
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qqq3
11990 posts

Posted by qqq3 > Apr 12, 2019 12:30 PM | Report Abuse

In stock market, A lot of people are like Choi

But I consider Philips the 1%..........the better approach.


I also think the difference is because Philips do it using his own money while Choi depends on client money. Much easier to get client money using Choi approach.


qqq3
11990 posts

Posted by qqq3 > Apr 12, 2019 12:31 PM | Report Abuse

and of course raider spamming, as usual.


stockraider
11606 posts

Posted by stockraider > Apr 12, 2019 12:32 PM | Report Abuse

qqq u add no value on your comment loh...!!

Posted by qqq3 > Apr 12, 2019 12:30 PM | Report Abuse

In stock market, A lot of people are like Choi

But I consider Philips the 1%..........the better approach.


I also think the difference is because Philips do it using his own money while Choi depends on client money. Much easier to get client money using Choi approach.


qqq3
9420 posts
Posted by qqq3 > Apr 12, 2019 12:31 PM | Report Abuse

and of course raider spamming, as usual.


qqq3
11990 posts

Posted by qqq3 > Apr 12, 2019 12:34 PM | Report Abuse

stockraider > Apr 12, 2019 12:32 PM | Report Abuse

qqq u add no value on your comment loh...!!
======

I think its very insightful of me......I got good insights.


Choivo Capital
3082 posts

Posted by Choivo Capital > Apr 12, 2019 12:47 PM | Report Abuse

Every sen in the fund is mine, or guaranteed by me.

Where its not guaranteed, i earn zero. At least until i have a good enough track record, where i think i can charge as i can get above average returns.

I suggest you consider thinking a little before talking.
=====
I also think the difference is because Philips do it using his own money while Choi depends on client money. Much easier to get client money using Choi approach.


stockraider
11606 posts

Posted by stockraider > Apr 12, 2019 12:50 PM | Report Abuse

Chivo,

U r totally wrongloh....!!

If something happen to credit culture certainly will impact RCE mah...!!

But i not seeing cc lending at 11% pa...that is a gimmick or mkt teaser to get people interested loh....!!


Posted by Choivo Capital > Apr 12, 2019 12:45 PM | Report Abuse

Phillip,

You are right on the rates by credit culture and the margins for credit culture.

What i see is RCECAP covering their backside properly as a bondholder.

They are getting a 10% SGD bond, secured against the loan portfolio, in a market where FD is 1.5 to 2%, secured term loans 2.9-3%, unsecured about 6-7% and SG SME Loan rates of 10.88%. Personal loan in sg is about 7-9%.

If with impairments in, they can get around 6%, which is what RCE is getting from their loans now, except in SGD, which is way better.

Im pretty ok. I don't really care about what happens to CC, just what happens to the bonds.

Now on chasing money, i can tell you now, every credit co in msia and sg, use a third party to chase, unless the amount is damn big, in the event any chasing is needed.

As for whether CC will turn out to be good, we'll see. At some point, personal loans etc will be alot easier to get.

Having said that, i'm talking with management on CC, we'll see.


qqq3
11990 posts

Posted by qqq3 > Apr 12, 2019 12:53 PM | Report Abuse

Choivo Capital > Apr 12, 2019 12:47 PM | Report Abuse

Every sen in the fund is mine, or guaranteed by me.
=======

do whatever u want....before the authorities catch up with u.

still, I consider Philips writing very educational.


Choivo Capital
3082 posts

Posted by Choivo Capital > Apr 12, 2019 12:54 PM | Report Abuse

Phillip,

You are right on the rates by credit culture and the margins for credit culture.

What i see is RCECAP covering their backside properly as a bondholder.

They are getting a 10% SGD bond, secured against the loan portfolio, in a market where FD is 1.5 to 2%, secured term loans 2.9-3%, unsecured about 6-7% and SG SME Loan rates of 10.88%. Personal loan in sg is about 7-9%.

If with impairments in, they can get around 6%, which is what RCE is getting from their loans now, except in SGD, which is way better.

I'm pretty ok. I don't really care about what happens to CC, just what happens to the bonds.

And if CC does well, they get to convert it to equity.

A pretty decent convertible bond to me.



As for whether CC will turn out to be good, lets see.

1) Can only borrow up to 6X salary, capped at 50k SGD.
2) Upload singpass and Credit Bureau Singapore Report(which determines your rate and loan amount),
3) Meet loan office for final verification.

Sounds similar to how every bank give out personal loans, except less overhead as most things are done online.

At some point, loans, personal etc will be a lot easier to get.

The current model of borrowing money, that requires me to go to the bank etc etc, does not make sense, as you can submit everything online, and meet officer afterwards to settle.

Now on chasing money, i can tell you now, every credit co in msia and sg, use a third party to chase, unless the amount is damn big, in the event any chasing is needed.

Having said that, i'm talking with management on CC, we'll see.


Choivo Capital
3082 posts

Posted by Choivo Capital > Apr 12, 2019 12:58 PM | Report Abuse

raider, maximum CC charge is 1% per month>

So they need to keep the quality up to that of your typical bank, and save on overhead.


qqq3
11990 posts

Posted by qqq3 > Apr 12, 2019 1:02 PM | Report Abuse

The first instinct of young accountants is arbitraging.....maybe, one day RCE can go crazy and u make money on RCE.....from fairly valued to over speculated.

As for me, I consider RCE as a play thing of Tan Sri. Its not some thing for u and me to invest.


chshzhd
848 posts

Posted by chshzhd > Apr 12, 2019 6:45 PM | Report Abuse

rce so bad:)


KNM Sailang Margin All In
2594 posts

Posted by KNM Sailang Margin All In > Apr 12, 2019 10:18 PM | Report Abuse

wahhh so much drama here ahhh today


antoniomc27
40 posts

Posted by antoniomc27 > Apr 19, 2019 7:43 AM | Report Abuse

Questions: since when has RCE been doing the strategy of buying back a very small number of shares almost every day? I only started following the counter 3 months ago. Is it to inspire confidence and support the price?

What do you think they will end up doing with the shares, since it does not seem total volume will ever be big enough to do a bonus issue: will this just be kept as treasure shares? Or even worse, will this just be given away via ESOS?

Thanks.


leekh5555
412 posts

Posted by leekh5555 > Apr 19, 2019 1:39 PM | Report Abuse

if look at the high profit margin,very tempted to buy BUT why only traded at PER 6.27(current price RM1.65)? are there any hidden risks that we omitted?


chshzhd
848 posts

Posted by chshzhd > Apr 25, 2019 7:52 PM | Report Abuse

OTHERS RCE CAPITAL BERHAD ("RCE") - PROPOSED INVESTMENT IN PRIVATE DEBT SECURITIES OF CREDIT CULTURE PTE. LTD. BY RCE CREDIT PTE. LTD. ("RCE CREDIT"), A WHOLLY-OWNED SUBSIDIARY OF RCE
We refer to our announcements made on 22 January 2019 and 29 March 2019 (“Earlier Announcements”). Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Earlier Announcements.



Further to the Earlier Announcements, the Board of Directors of RCE wishes to announce that RCE Credit, a wholly-owned subsidiary of RCE, has terminated the Subscription Agreement due to non-fulfilment of the conditions precedent provided therein.



Accordingly, the Call Option Agreements shall cease to be in force.



The termination of the Subscription Agreement and Call Option Agreements are not expected to have any material effect on the earnings per share and net assets per share of RCE for the financial year ending 31 March 2020.



This announcement is dated 25 April 2019.


Outliar
221 posts

Posted by Outliar > May 13, 2019 3:29 PM | Report Abuse

https://www.theedgemarkets.com/article/frankly-speaking-why-rce-still-buying-back-its-shares


Choivo Capital
3082 posts

Posted by Choivo Capital > May 13, 2019 6:31 PM | Report Abuse

Malaysia is abit different, in other countries, giving out dividend is less tax efficient, compared to buying back shares, so, for us, its interchangeable with no real cost. but dividend is naturally preferred for most.

I think RCE shares is worth about 2.3-2.7 per share. So i'm perfectly fine with them buying back shares. Nothing wrong with dividends though.

If the share was 2.2 and they are buying it back, well, id much prefer dividends then.

====
Outliar https://www.theedgemarkets.com/article/frankly-speaking-why-rce-still-...
13/05/2019 3:29 PM


Choivo Capital
3082 posts

Posted by Choivo Capital > May 13, 2019 6:34 PM | Report Abuse

chshzhd,

Not surprised. 10% convertible bond, is just unbelievably amazing deal. You must be stupid or unbelievably desperate to take it. Its basically giving them the company for free if you don't do incredibly well.

I'm quite happy that they wanted such a rich concession from the other party though, considering the risks. Shows me they got brain.


Wadafuq
4 posts

Posted by Wadafuq > May 28, 2019 7:51 PM | Report Abuse

NPL 4.2%? o.o


GLNT
73 posts

Posted by GLNT > May 29, 2019 9:38 PM | Report Abuse

If NAV keeps increasing at 7cents per quarter, a year will be 28cents or 17percent of current price.


Duncan Invest
43 posts

Posted by Duncan Invest > Jun 1, 2019 2:15 AM | Report Abuse

My review about RCECAP> http://evassmat.com/21735737/duncaninvest


DaitoRyu
1205 posts

Posted by DaitoRyu > Jun 7, 2019 11:02 AM | Report Abuse

^The above link leads to Adware and potential Malware installation.


hng33
15814 posts

Posted by hng33 > Jul 15, 2019 5:03 PM | Report Abuse

Today, bought RCE at 1.60

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