Highlights
KLSE: VC (0060)       VORTEX CONSOLIDATED BERHAD ACE : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.065   +0.005 (8.33%)  0.06 - 0.07  2,159,600
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Overview

Market Cap: 48 Million
NOSH: 732 Million
Avg Volume (4 weeks):4,192,510
4 Weeks Range:0.06 - 0.08
4 Weeks Price Volatility (%):
25.00%
52 Weeks Range:0.04 - 0.20
52 Weeks Price Volatility (%):
15.62%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2021 [#2]  |  25-Nov-2021
Next QR | Est. Ann. Date: 31-Dec-2021  |  26-Feb-2022
T4Q P/E | EY: -3.68  |  -27.17%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3186  |  0.20
T4Q NP Margin | ROE: -6.85%  |  -5.54%

Headlines

Date Subject
26-Oct-2021 Evening Market Summary - 26 Oct 2021

Business Background

SKH Consortium Bhd is an information technology (IT) company. It is engaged in the business of investment holding. The company's segments are IT and Information Communication Technology (ICT) Division, which is involved in the research and development; system network support; IT System and integration services; trading in IT related products, such as hardware, software and accessories; electronic commerce provision and facilitation, and software development and support services and others, and Construction Division, which includes property construction and its related business.
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  25 people like this.
 
whistlebower99 No UMA Issued !!!

20/10 7.5
26/10 10.5 (after 4 days of uptrend)
27/10 8 (after intra-day high of 11 and with much higher volume)
28/10 7.5 (3.45pm)

Those caught at 10.5 incurring about 30% losses at current price of 7.5

==================================

No UMA Issued !!!

Bursa surveillance system not able to filter this type of price manipulation?

Very sad day for those caught by price manipulators.
28/10/2021 3:47 PM
fl888 sure UMA will not be issued to big Cxxxxxxxxn in play...
28/10/2021 3:53 PM
SWX1987 i thought there is someone talking about the director fighting with each other to get the company share number? now no more news? how is the story go on? still fighting and collecting?
28/10/2021 3:56 PM
Reap88 Brilliant but cruel move to massive sell down yesterday to create panic amongst speculators for them to cut loss and enable them to accumulate cheaply. The interested party will start buying in again at RM0.08 If want to accumulate large quantity may be different to do at RM0.075
28/10/2021 4:07 PM
Reap88 I suspect the massive selling yesterday was probably to enable directors to accumulate cheaply. Please refer to VC announcement to bursa on 25 Oct. CPH is not a shareholder yet intend to deal meaning to accumulate VC & warrants
28/10/2021 4:17 PM
Reap88 From today’s closing I feel VC still very much in play. Once directors have accumulate sufficiently will not allow VC price to fall too low to allow hostile party or a raid on the company. Believe the 60M conversion from WC must have given them a shock to start buying in by notice to bursa on 25 October
28/10/2021 5:16 PM
fl888 Nearly 430 million of 726 million VCs due for T2 & T3 contra settlement today…volume will determine whether it is retailers or CSY/CPH & cronies ..
29/10/2021 8:07 AM
Reap88 You are right f1888. Let us see how well absorb the selling of the last few days
29/10/2021 8:21 AM
fl888 Bought 2880 at 7.5 yesterday….today Q to sell at 9…
29/10/2021 8:24 AM
fl888 Confused the buying Q by inflating the price to be removed before 9.00 am by sharkies mo…contra play imminent..
29/10/2021 8:42 AM
Reap88 f1888, Glad you have managed to buy all RM0.075. Don’t be in a hurry to sell, Possibly by next week before EGM may go higher than RM0.09. If got holding power hold
29/10/2021 8:43 AM
fl888 Reap88, much depends on present political and economic scenarios…which is so uncertain…tks
29/10/2021 8:54 AM
Reap88 Agree with you f1888 on the macro picture. On the company perspective CPH never made any attempt to buy back since he cease to be a substantial shareholder on 9 July 2020. Why now?
29/10/2021 9:18 AM
fl888 same gang playing MMAG today,.....
29/10/2021 9:29 AM
fl888 Was RM52 million from SDBB for the Lourdes Project due for repayment on 30-6-2021 paid ?..looks like 40% PPs at 7cts can raise only rm28 million unless PP price can be higher ? Conversion of 18.43 mil WBs and 21 mil PA at 44–45 cts get only 39.43 VCs compared to 205.42 mil WCs at 0.17 to get RM34.93 million where 60 million WCs was converted to raise RM11 million was done 21-06-21…with nearly 75% retailer shareholding, very hard for RI which will be undersubscibed…do not be surprised of more WCs conversion to fund VC cash flow constraints..NTA of VC 36cts…which option to be played by CSY/CPH & cronies next week…
31/10/2021 6:40 AM
Reap88 Good analysis f1888. Assuming 40% PP approved VC NOSH will increase to 1,1140,000,000 CSY currently holds 177M CSY share will be diluted to only 18%. If the 40% PP were to be placed out to one party which I don’t think BOD will do, that party will become the largest shareholder. The new shareholders that subscribed to the PP holding cost will be less than CSY. No matter how you look at it CSY must buy in cheaper than the PP new shareholders and at the same time increase her shareholdings before dilution by PP. Otherwise a hostile takeover will be a real possibility since CSY will only hold 18% of the NOSH with 40% PP. Hence no option but to give notice to bursa on 25 October to deal. Unless VC price appreciate, no point to carry out such massive PP just to raise RM30M and in the process diluting the capital base and destroying small shareholders & retailers confidence & goodwill. VC BOD must realise long term will need the support from the investment community and instilled confidence and change retailer’s perception of the company
31/10/2021 9:44 AM
Michael Kwok This guy below critic me.But it wents to 10-10.5 cents late few days ago.Please support the rightousness.



Sifu Michael(with ang pow picture)
Answer anything in stock.
Charging rm 120 per month
3 month non perform im out.


 Posted by Michael Kwok > Aug 23, 2021 3:25 PM | Report Abuse X

I call buy 7 cents.Tp 10-12 cents.



 Posted by Mamak123 > Aug 24, 2021 5:59 PM | Report Abuse 

coming down soon


 Posted by Mamak123 > Aug 26, 2021 9:53 AM | Report Abuse 

is a trap..later drop
31/10/2021 3:20 PM
Michael Kwok It reach on 26-27 Oct my tp.See chart u know.See the statement.No fake.


 Posted by Michael Kwok > Aug 23, 2021 3:25 PM | Report Abuse X

I call buy 7 cents.Tp 10-12 cents.
31/10/2021 3:23 PM
Reap88 Good to hear from you again Michael Kwok. A TP of RM0.10-RM0.12 is not unrealistic when VC NTA is RM0.35 and RI is at RM0.17 At RM0.075 VC market capitalisation is only RM54M when total assets are RM338M
31/10/2021 6:32 PM
fl888 Never seen KLSE index drop like this after a Budget annoucement….many things in Budget not up to expectations..
01/11/2021 3:38 PM
fl888 Looks like many could have bought VCs under margin or T10 days interest free period like me at 7.5cts……due only on 16-11-21….which could be why no volume for now.
02/11/2021 2:52 PM
Reap88 You are lucky f1888 to have T10 interest free facilities. We ikan bilis only enjoy T2. Looking at the drop in volume ptobably cpuld have been taken up Clearer pictutre after today's EGM
03/11/2021 9:43 AM
fl888 40% PPs paseed …now to Find correct Placees and pricing….by CSY & cronies who also has a lot of T10 interest free facilities with SJ Securities..
03/11/2021 3:01 PM
Reap88 From the results of EGM, CSY & friends only accounted for 244M The motion can easily be defeated if more shareholders were to attend the EGM. Have only ourselves to blame for the massive dilution of capital The shareholdings of VC are too fragmented with hardly any institutional or large corporate investors. Hence VC BOD can easily sideline small & retail investors. On hindsight VC BOD need to push up price.If PP price too low will not be able to raise required funds to meet the targeted amount.
03/11/2021 7:42 PM
fl888 Nearly 60 % traded >440 million VC traded on 26-27 Oct..between 9-11cts….against 726 million VC share capital..CSY/CPH announce 25-10-21 intention to deal…suddenly drop back to 7.5cts…to date no substantial shareholders announce …40% PPs ..a well planned insider
manipulation game by CSY/CPH and cronies coming hopefully to coincide with Sept qtr financial result and rumours like One time Eugene Goh the ED go to see some SJ Securities gus for lunch /business talk, etc
03/11/2021 11:31 PM
fl888 No volume ? Good sign for technical rebound as CSY & cronies are stuck also at 9-11cts…
08/11/2021 10:49 AM
Reap88 If BOD were to fix PP at RM0.08 will be able to raise only RM31M which means the average price for 5 days prior to price fixing average is RM0.09 with the usual 10% discount
09/11/2021 9:27 AM
fl888 Reap88, My T10 interest free period ends on 16-11-21....rumoured Eugene Goh, CSY etc has such a facility through nominees...
10/11/2021 1:00 PM
Reap88 Since your free facilities end 16 Nov f1888, I presume you must make a decision by 15 Nov. Do you think VC price will increase within next 2 days)
11/11/2021 1:59 PM
hck1981 somebody convert Warrant C with RM0.17 again....why ah ?
11/11/2021 2:31 PM
hck1981 can buy cheaper normal.VC share dont want....but want to convert with higher price RM0.17 ?
11/11/2021 2:32 PM
fl888 Tomorrow Q at 8cts sell…0,5cts can make 2k hopefully…otherwise have to pick up and everyday Q at 8cts till sure done.
11/11/2021 10:52 PM
SWX1987 oh again, someone will come and say, 2 big shareholder is fighting to get more share. prepare to fly!!!!!!!
12/11/2021 10:08 AM
fl888 Just because I am next in line in selling Q at 8cts, the sharks think twice…haha
12/11/2021 12:40 PM
whistlebower99 Another warrant conversion at 17

Mystery !!!

Types of corporate proposal Exercise of Warrants
Details of corporate proposal Conversion of Warrants-C
No. of shares issued under this corporate proposal 6,117,200
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1700
Latest issued share capital after the above corporate proposal in the following Units 732,126,052
Listing Date 12 Nov 2021

Total issued shares = 732,126,052
WB = 18,430,501
WC = 199,300,572

================================
Keep guessing why and who is converting warrant at 17 when market price is 7

===============================
12/11/2021 3:00 PM
fl888 This Guy is filthy rich and making a mockery of KLSE trading platform....KLSE should issue UMA to this Guy ???
12/11/2021 3:16 PM
Sandlejepon Mother mahu pelai la.dun wolly
12/11/2021 4:48 PM
hck1981 the volume and action indication price up....be ready !!!
14/11/2021 3:10 PM
MatDangz Already CL... if up...dammmm
14/11/2021 8:50 PM
fl888 More than 2 weeks since CSY/CP? declare to trade , still no news ?
14/11/2021 9:18 PM
hck1981 oh....last minute have volume transaction at 0.075....be ready...anytime !!!!!
15/11/2021 11:17 PM
fl888 If PPs pricing is to be fixed at 7.5cts, need to push the shares to higher price, hopefully 10-11cts?
16/11/2021 8:02 AM
fl888 Watch for Vortex…computerised program sell & buy may be in play anytime…
17/11/2021 11:31 AM
Reap88 It has been 2 weeks since PP approved by EGM Until now still no price fixing. Is the delay in fixing PP price because BOD having difficulty securing investors to take up PP?
18/11/2021 11:07 AM
Reap88 VC cannot even clear RM0.085 convincingly f1888, how to reach TP RM0.10? Still so many sellers at RM0.075 Makes me wonder whether VC still have business associates & retailers support to push price to even RM0.0.9 and beyond
18/11/2021 12:49 PM
Reap88 Looks like the 388M PP is too massive. BOD has yet to fix PP price I suspect probably due to difficulty securing interested parties for PP. Maybe better for BOD to call off PP, take a bank loan to complete The Louvre to regain investors confidence and move forward with new projects
22/11/2021 4:59 PM
fl888 Much will depend Sept qtr 2021 result to be announced usually before 25-11-21….if good, better sell or not ?
24/11/2021 10:33 AM
Reap88 VC just released its latest financial results. Given the current business environment not bad that VC managed to break even. Price unduly depressed due to pessimistic perception of the company with the massive 380M PP
25/11/2021 6:20 PM
Reap88 From VC latest financial results Total Assets RM335M Total Liabilities RM101M Net Assets RM234M At RM0.065 VC market capitalisation only RM48M. Ridiculous A company with RM234M net assets market capitalisation RM48M Somebody with just RM40-RM45M can get controlling interest of a company of net assets RM200+ M So much pessimism as if VC is a PN17 company. Some PN17 company market capitalisation more than VC
29/11/2021 10:54 AM
kkp999 agree with reap88, the condo project the louvre country height at kajang really that bad? this is the only thing i can think of that makes vc price so low right now
30/11/2021 9:36 AM


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