Bro @stockraider also wrongly kacau Ageson NOT knowing Ageson DON'T trade stock, only building material. Due to require urgent cash to settle previous management debts, did PP and become kon stock!!
Happy trading

@stockraider: There are also other sign of konning beside this lah!

That means kon company loh!

Holding power no use...if it is kon company loh!

For kon company...u either cut or pray for better luck mah!

BLee: Hi Bro @stockraider, talk is ez..what is the other sign NOT reported in Ageson QR/AR? It will raise query from the authority if NOT properly reported..

Already invested way below NTA, around one fifth, why cut? Of course pray for better luck, that is investment strategy...

Happy trading

@stockraider: They can just sapu the cash in ageson by injecting or buying some rubbish mah!

This is one a way how fintec kon money mah!

Lu tau boh ?

BLee: Hi Bro @stockraider, Ageson needs cash to run their project, NOT cash rich. Please study their QR/AR to comments or discussion. Ageson has good connection in Kedah and Perak for projects and managed to sign SPA(D)evelopment order with China Company for project kick-off financing. Lu tau panlai?

Happy trading

@sting79: Also speculation: Didn't know that money collected from these exercises are locked in bank FD, as I thought they can be used for those purposes stated in the shareholder circular eg, for company day to day operations, repay bank borrowings, to fund projects etc. Then with these purposes announced, it's easy to setup shell companies to act as vendors/customers to siphon out these collected funds from the bank.
06/12/2021 12:52 AM

BLee: Hi @sting79, you are right. It is in bank FD prior to the intended usage timeline. All this is regulated, reported and audited. If you follow Fintec's regular monthly announcement, as an investment based counter, how much spent on investment in other counters are reported.

All Public listed counters like Fintec, perform crowdfunding. Can we say ALL Public listed counters also conning investors money? Only Fintec did PP and ESOS more than the others due to the recent leeway of easy PP until the end of the year. Who is the predator and who is the victim? All boils down to $ and holding power..

Happy Trading and TradeAtYourOwnRisk

@sting79: BLee: Two questions: 1. How can operators earn money in PP investment if the PP tranches prices keep declining by almost 10% since from Fintec tranche 1 to tranche 4 without any rebound of price?

BLee: At least PP is regulated, with proper tracking by regulator and regular update of %usage of $ used. I am dumbfounded by the numbers of Fintec ESOS; really pushing the price down and diluting NTA…
I am speechless; link https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-28-story-h1592921506-Fintec_I_am_speechless.jsp

Happy Trading

@stockraider: Confirm kon mah!

If just buying bargains company with negative goodwill can make millions without doing anything ...our Sifu Sslee will have make more than Rm 6 millions, just investing in Insas mah!

Kon counter avoid lah!

Sure kena cheat one...later cry also no tears mah!

Lu tau boh ?
06/12/2021 8:26 AM

BLee: Lu tau boh ? I could be boh as my investment in Ageson at 6sen, KGroup at 3sen, Fintec at 2sen and Focus D-PA at 1sen; all from profit selling Insas RPS-OR close to double LU price and flipped a few times with the windfall cash.

Our Sifu Sslee is a long term investor, in a different league from me. I won't keep my millions in the stock market as it is so cyclical. I am very much in properties, collecting rental for my old age.

I could be boh as I always buy low, stuck for years until I see my profit. Pump and dump NOT for me as I am too dumb…

Happy trading and TradeAtYourOwnRisk

@JohnFook: READ EDGE ARTICLE...AVOID GUYS

05/12/2021 11:42 PM

BLee: Hi @JohnFook, when is the Edge article you refer to? If it is dated 12 April 2021, please see reply by Fintec; link as shown below.

https://www.klsescreener.com/v2/announcements/view/3347657

Happy Trading

Another discussion on 'cash raising' warrants and preference shares which might be considered con issue?

Stock: [FINTEC]: FINTEC GLOBAL BERHAD

Nov 17, 2021 11:38 AM | Report Abuse 

@whistlebower99:

===========================
Total issued shares = 5,287,940,331
WA = 170,092,838
WB = 116,443,428
WC = 1,146,126,828

===========================
Very heavy with 3 children

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

TRADE WISELY, don't be caught with corporate exercise that is not beneficial to retail shareholders

17/11/2021 10:38 AM

BLee: Hi @whistlebower99, hope a very good trading day to you. Agreed that, PP and ESOS might NOT be beneficial NOT only to retail shareholders, it should be to ALL shareholders..

I am against PP and ESOS due to the 5 days VWAP price setting and usually at 10% discounted price...it might has other benefit such as interest free cash.

As I have post earlier, if WA, WB and WC exercises, the conversion will increase the cash coffer in Fintec.

16/11/2021 11:35 AM

Rome is not built in a day; therefore it take time for most investment to reach any result..TQ

Happy trading and TradeAtYourOwnRisk.

I am against PP, nevertheless I have asked two questions in below discussion which I cannot find an answer myself...

Stock: [FINTEC]: FINTEC GLOBAL BERHAD

Oct 20, 2021 1:41 PM | Report Abuse 

@AlexT12:  just take care, lol, not worth it to lose money such counter. buy real tech companies. penny stocks is the easiest way to throw ur hard earned money to these operators. they are buying sport cars using your money now.

20/10/2021 8:49 AM

BLee: AlexT12, you take care too. My investment shown in my portfolio still remain same, only loss in commission and taxes..Agreed some penny stocks are very hard to recover from years of losses. My advise is to read QRs and ARs of counters before throw our hard earned money. Find out reasons why the decline in stock prices vs business environment (balance sheet, cash flow, feed stocks prices, etc).
Two questions: 1. How can operators earn money in PP investment if the PP tranches prices keep decline by almost 10% since from Fintec tranche 1 to tranche 4 without any rebound of price?
2. How can money flow out (siphon) as money collected from PP, ESOS, SIS, RI are locked in bank FD account as shown Fintec latest QR reporting?
Continues...

@stockraider: Avoid this kon stock loh!

05/12/2021 11:27 AM

BLee: Hi Bro @stockraider, did Fintec in great debt, great liabilities and bank borrowing to be considered as con counter?

Figures DON'T lie..I DON'T see any sign of financial difficulties.

- Receivables, deposits and prepayments of RM45.724mil vs Payables and accruals of RM6.831mil

- TOTAL ASSETS of RM349.370mil vs Total liabilities of RM7.212mil

- Cash and cash equivalents of RM19.673mil vs Borrowing RM0.0 (Zero bank loan)...continues

@sangkancil: PE <2 ...frankly , risk reward ratio... worth a bet
04/12/2021 5:49 PM

BLee: Hi @sangkancil, thanks for comments. At least I won't feel I might be the odd one out believing the upside is more than the downside.
Happy trading.

@stockraider: Do not waste money, just avoid this counter own by kon fintec group loh!

BLee: Hi Bro @stockraider, when is Fintec group and Ageson related? Only relation for me is I have invested in both counters. For info, I have flip 80% of Insas (remainder 20% become zero cost) and inclusive of huge profit during recent Insas RI of RPS into Fintec, Focus D, KGroup and recently into Ageson at 6sen. How can Ageson being con counter when continously making profit for the last 23 quarters of profit?

Details of latest Ageson QR:

Gross profit:                           RM9.065mil

Other operating income:     RM126.692mil (very exceptional)

Total comprehensive income for the financial period:        RM11.833mil (suprisingly increase after tax as usual case will be lower than gross profit)

EPS (sen):  1.48 this QR vs 0.57 of last QR, sign of growth stock of almost 3 times.

NET ASSETS PER SHARE (RM) of 0.25 divide by share price of 0.05 equal 5 times vs Insas NTA of RM3.23 divide by share price of RM1 equal only 3.23 times. Which is more undervalue?

The next QR could me better due to recent PP exercise to settle outstanding loans from previous management; interest free PP pay up on interest bearing loans. NOT all PPs are bad...I am with you on fight against PP on dilution of shareholders interest. TQ

Details of latest Fintec QR:

Gross profit:                 RM1.786mil

Profit for the period:   RM23.572mil

NET ASSETS PER SHARE (RM) of 0.0872 divide by share price of 0.015 equal 5.81 times vs Insas NTA of RM3.23 divide by share price of RM1 equal only 3.23 times. Which is more undervalue?

Both Fintec and Insas are investment based business, if Fintec is con company, how about Insas which very much depend on Inari market price?

Happy Trading and TradeAtYourOwnRisk.

@JwwBirch: @BLee how did u get this?

30/11/2021 5:57 PM

BLee: Hi @JwwBirch, it is an extract from Focus D QR of the attached link: https://www.klsescreener.com/v2/announcements/view/3465315

Happy Trading.

@sunsetbiz: ingat 2c 2c 2c ...any price abv it is overvalued

30/11/2021 2:44 PM

BLee: Hi @sunsetbiz, below are latest financial details of QR Sept.2021, indicated Focus D NOT really overvalued, and a growth stock. Figure DON'T lie..

PROFIT FROM OPERATIONS                                                RM9,876,185

SHARE OF LOSS ON INVESTMENT IN ASSOCIATE          RM(8,389,388)

PROFIT BEFORE TAX                                                              RM3,772,942

PROFIT FOR THE PERIOD                                                     RM1,650,508

Cash and bank balances                                                        RM118,378,808

TOTAL ASSETS                                                                        RM293,737,334

Total Liabilities                                                                         RM41,044,795

Net assets per share attributable to ordinary equity holders of the Company (sen)  as at Sept.2021 of 3.96 vs Sept.2020 of 2.88 (Growth indication)

If ignore share of loss on investment in associate (paper loss) of more than RM8mil, final profit shall be around RM12mil...also cash rich of
RM118mil.
TQ, Happy Trading and TradeAtYourOwnRisk

@Money_Come: This company low cash flow, price hard to up

24/11/2021 9:26 PM

BLee: Hi @Money_Come, good observation. This report as at end of Sept. 2021, the last 2 months, I believed Ageson did managed to raise some cash by selling land and by PP. If PP consist of only 1 tranche, it won't be anymore discounted price issuance, I hope...then price will recover.
Happy trading and TradeAtYourOwnRisk.

@sunsetbiz: too many kids to take care at end it will dry till die

18/11/2021 10:38 AM

BLee: Hi @sunsetbiz, I love bringing up my kids and enjoying the returns from my kids although no such contract.

Come back to WA, WB and WC as term 'son'; it is just another representation for warrants due to spin off from mother shares. There is NO feeding, paying fees and any expenses required. As explained earlier and I can reiterate again, if warrants exercised, a form of cash raising instrument for mother shares. No heavy burden or no sucking till dry/die...

@whistlebower99: Kanger Proposed 10:1 12/11/21
PDZ SC 10:1 1/8/21; RI 6:1 30/9/21 @ 0.14
PWORTH SC 10:1 3/9/21
LAMBO SC 25:1 23/7/21; RI 5:1 11/8/21 @0.10
PASUKGB SC 10:1 10/6/21; RI 6:1 21/6/21 @ 0.10
SANICHI SC 10:1 5/4/21; RI 6:1 23/4/21 @ 0.08
MTOUCHE SC 10:1 21/4/21; RI 6:1 5/5/21 @ 0.10
VC SC 4:1 3/2/21; RI 1:1 30/3/21 @ 0.17
TRIVE SC 25:1 23/12/20; RI 12:2 21/1/21 @ 0.11

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

Which one is next in line to join the list ?

18/11/2021 11:54 AM

BLee: Hi, whistlebower99, many thanks for sharing above list. I am NOT a fortune teller, therefore I won't predict which next in line. Unlike PP and ESOS which don't involve shareholders, consolidation and RI do not necessary dilute shareholding/NTA. If investor do not take up RI, there is an option to sell RI-OR, I have done many times selling RI-OR if I don't intend to add capital.

On share consolidation, do not confused with market price and stock value. Market price is based on supply and demand, and also the future profitability of a company. Consolidation is meant to reduce supply and increase stock value, hoping to increase demand. Due to speculative and other factors, sometime market price don't work that way. The increase/decrease in stock value (NTA) won't change until the next QR/AR. Please correct me if I am wrong, BLee can take criticism as it is NOT the real me..haha.

Happy Trading and TradeAtYourOwnRisk

Hi Tobby, if I am a reporter from an English daily, I preferred to ask and get an answer in English to avoid wrong "quote" interpretation. I think nothing to do with "loyalty"....that's my opinion. Tq

@whistlebower99:

===========================
Total issued shares = 5,287,940,331
WA = 170,092,838
WB = 116,443,428
WC = 1,146,126,828

===========================
Very heavy with 3 children

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

TRADE WISELY, don't be caught with corporate exercise that is not beneficial to retail shareholders

17/11/2021 10:38 AM

BLee: Hi @whistlebower99, hope a very good trading day to you. Agreed that, PP and ESOS might NOT be beneficial NOT only to retail shareholders, it should be to ALL shareholders..."无风不起浪" meaning "No wind will Not create wave" i.e. Hopefully this new injection of capital can create new waves of income.

I am against PP and ESOS due to the 5 days VWAP price setting and usually at 10% discounted price...it might has other benefit such as interest free cash.

As I have post earlier, if WA, WB and WC exercise, the conversion will increase the cash coffer in Fintec (do NOT confused with Fintech in one of the posting of @PennyStock123:  https://www.freemalaysiatoday.com/category/nation/2021/11/16/bank-nega...

16/11/2021 11:35 AM .)

No issue for both cases.

Happy trading and TradeAtYourOwnRisk.

@teareader818: Ages is the best bargain for the year.

16/11/2021 11:18 AM

BLee: Agreed. Averaging earlier..movement too fast this morning to capture at 0.045.

@TanHuatHeng: Bought back at .045 and .05

Buy or not.

Mind you I bought back because I sold at .075 to 8.

Cheerio.

16/11/2021 11:25 AM

BLee: That is lightning fast, I have missed the chance. All the best.

Why Agesion dropping the last few trading days?

My opinion:
1. Someone is raising cash to subscribe upcoming PP? Selling to reduce 5 days VWAP, the price setting?

2. Someone is raising cash to buy ARBB after good QR? Noticed ARBB, AGES-PA and AGES are in the top 3 most active list this early morning..believed just shuffling of shares.

Happy trading and TradeAtYourOwnRisk

@KLLee_0110: This year reject by bursa for consolidation wait for next yr . Stock will be stagnant wait until next yr. Even many good news the share either 0.05, 0.045 or stagnant. Those who bought will stuck again like me last yr until now. If really good the stick already up many times

15/11/2021 9:04 AM

BLee: Hi Bro KLLee_0110, not consolidation, the opposite which is split. Please see announcement extracted below:-

"On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 5 August 2021, rejected the Proposed Share Split, in view that the price of Focus Shares as at 29 July 2021 is RM0.045 and the Proposed Share Split, if approved and implemented, would result in an adjusted price of RM0.015 post Proposed Share Split."

The rejection bcos after any share split shall be at least priced at RM0.20; price dropped below this value after some investors decided to monetize their holding.

Another investor increased their holding almost up to the Mandatory General Offer (MGO) limit. This show their confidence in Focus D as they did not follow the monetize path.

Which path to follow is up to individual investor. I only invested in Focus D-PA, and feel very confortable as periodically moved into paper gain region..waiting for any positive move.

Happy trading and TradeAtYourOwnRisk.

@KLLee_0110: The best was share prices will limit up. If stagnant no matter what u say still not making money.
10/11/2021 9:50 AM

BLee: Hi BroLee, it needs a lot of patience, things start moving after MCO. Like below saying, either from the fisherman or the 'water fish' perspective...Share market like

姜太公钓鱼，愿者上钩 (meaning A fish jumping to Jiang Taigong's no hook and no bait line - a willing victim). Another perspective is willing to be patient, and finally will get the fish.

Happy trading

@lamqwe, thanks for sharing the article below. https://www.theedgemarkets.com/article/glove-fever-cools-focus-dynamics-and-permaju-pivot-electric-vehicles
10/11/2021 8:18 AM

I am more interested in the tenancy agreement. The building under construction, tenancy can be confirmed?

Tenancy details:-

"3.1 DEMISED PREMISES
The demised premises are part of the ground floor encompass about 10,000 to 12,000 square feet at The Arch, Kuala Lumpur, Negeri Wilayah Persekutuan (hereinafter called “Demised Premises”).

3.5 TERM AND RENTAL
The Landlord hereby demises unto the Tenant the Demised Premises for a term of three (3) years commencing on the 1st August 2022 until 30th July 2025 at the monthly rental of Ringgit Malaysia Thirteen (RM13-00) per square feet only subject to the terms and conditions of the Agreement.

The Agreement is expected contribute positively to the Company’s future earnings, earnings per share and enhance the consolidated net assets of the Company while the Group’s gearing will depend on, amongst others, the manner of funding for the Agreement."

Details extracted from: https://www.klsescreener.com/v2/announcements/view/3453853

My calculations:
Assume 10,000 sq.ft x RM13 x 12 months = RM1.56 mil a year in rental income.

This RM1.56 mil is not much, at least helps to ensure success of the development. Another plus point is location, once construction at the surrounding area is completed, F&B business will be good.

Just my opinion. Happy trading and TradeAtYourOwnRisk.

@sato: I'm the long term holder, hold the price from 21 cent to 1.5 cent
29/10/2021 1:58 PM

BLee: Hi @sato, I think too far a gap for cost averaging and not worth to cut-loss. You must be a very loyal person; we can loyal to our partner as we have make a vow, not necessarily for shares holding...All the best and hope miracle happen.
TradeAtYourOwnRisk.

Change_: BLee Fintec shareholder anymore?
28/10/2021 8:52 PM


BLee: I am a shareholder for both Mother and PA, holding for long term investment. TradeAtYourOwnRisk.
29/10/2021 6:56 AM

Since I have a bit of leisure time, let me deliberate further how I invest in both Mother and PA, and why I am writing articles defending my investment.

It all started around 1st April 2021 when Focus D dropped from close to 70sen to 4sen. I saw it as an opportunity, and started to invest in Focus D-PA as the subscription price is 5.5sen vs market price around 1.5sen. My mistake was not buying Focus D as I would have in paper gain now. Then I spotted Fintec-PA favourable conversion ratio and started to invest around 3sen. Buying Fintec mother is for cost averaging since very low trading for Fintec-PA.

My writing of articles is to defend and share data I have gathered, not actually for promoting since I am planning to invest for the long term. There is some truth in those attacks on PP and ESOS, but not increase in share issuance. Each PP and ESOS needs to be invested in cash, only with around 10% discount. Please input comments if any, I am open for criticism.

Thanks for reading and TradeAtYourOwnRisk.

@whistlebower, thanks for highlighting on the ESOS. Please see my reply in article.
Link: https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-28-story-h1592921506-Fintec_I_am_speechless.jsp
Happy trading.

@sato: Fintec main business is issuing RI ESOS PP then Consolidation many many time.

BLee: Yes, issued a lot of ESOS and PP, depressing market price (I repeat, due to around 10% discount and not involving shareholders, it is a certain no no for me). Consolidation doesn't know yet, financially no impact for shareholders…

@sato: Then using these fund to invest on others stock to push high the price.
Sell later at huge loss price. Magician changing money becomes no money.
Very smart la
26/10/2021 2:35 PM

BLee: So far Fintec is very prudence in investing and cost averaging of shares holding in Focus D. The horse has bolted bringing along RM980mil, Fintec added more 'horses' up to more than 30% holding of Focus D. No sign of 'push high the price and sell later at huge lose'. When Fintec made a paper gain of RM720.5mil during 30.9.20QR, everybody seemed happy. The rolling 4Q only made a paper loss of RM170.3mil, everybody seemed to panic?? As reported in latest AR, Fintec is cash rich of RM109.996mil. See my article at link: https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-10-story-h1591992307-Fintec_The_pendulum_swing.jsp

Happy trading and TradeAtYourOwnRisk.

@whistlebower99: KGROUP shareholding in KOMARKCORP

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
KOMARKCORP BERHAD

Particulars of substantial Securities Holder
Name KEY ALLIANCE GROUP BERHAD
Nature of interest Direct Interest
Direct (units) 86,982,500
Direct (%) 15.066
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 86,982,500
Date of notice 20 Oct 2021

=================================================
KGROUP increasing stake in KOMARKCORP, details in below link.

https://www.bursamalaysia.com/market_information/announcements/company...

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

Penny stock invest in another penny stock.

With KOMARK's proposed rights issue, KGROUP might need more cash for subscription of rights shares.

KGROUP might need to raise fund via share issuance for the rights share subscription.
==================================================

TAYOR

21/10/2021 12:22 PM

BLee: Hi @whistlebower99, thanks for highlighting the potential of KOMARK RI. I have gone thro' the RI presentation and found many interesting points, sharing the link:
https://www.klsescreener.com/v2/announcements/view/3409901

I have also gone thro' KGroup cash position and investment shares holding, and possibility of RI to take up KOMARK RI. The details as per Link: https://klse.i3investor.com/m/blog/BLee_KGroup/2021-10-25-story-h1592859260-KGroup_Connecting_the_Dots.jsp
My opinion is KGroup cash position still strong enough to subscribe KOMARK RI, if required.

Maybe I am wrong, I am willing to take the risk to invest in penny stocks thro' KGroup, Fintec and Focus D-PA as a very long term investment. My others long term investment are not penny stocks such as MFCB, Axiata, RHB Bank and Insas; therefore just a mix of investment.
Happy trading and TradeAtYourOwnRisk.

Hi Ageson Forumers, 3 good news 3 days in a row:
Third Good News...
The Board of Directors of the Company (“Board”) wishes to announce that Solidvest, an indirect wholly-owned subsidiary of the Company had on 22 October 2021, entered into a collaboration agreement (“Agreement”) with ShuangLing to undertake a proposed residential development project comprising 56 units of semi-detached houses, 4 units of bungalows on a piece of land held at Lot 9348, Mukim Batu, Daerah Gombak, Selangor Darul Ehsan ("Development Land”) ("Proposed Development”) that involves plan, develop, build and sell the Proposed Development (“Collaboration”).

Salient points (show favouring to Ageson only)
▪The estimated GDC for the Proposed Development shall be financed by the funds or finance by ShuangLing and/or ShuangLing to provide funding of up to RM50.0 million.

▪ (a) Solidvest shall be entitled for fifty-one percent (51%) of the net profit in relation to the Proposed Development less any turnover tax, value added tax, sales tax, withholding tax or other tax payable (“Net Profit”)

▪ Through this Collaboration, the Company is able to finance and kick-start the Proposed Development by the funds or finance by ShuangLing and/or ShuangLing to provide funding of up to RM50.0 million. This would also enable the Company to undertake the Proposed Development without proceed with the funding methods such as funds by bank borrowing which may increase the Company and its subsidiary companies’ (“Group”) gearing or by way of issuance of new securities which may potentially cause the dilution of shareholdings which is not favourable to the shareholders of the Company.

Happy trading and TradeAtYourOwnRisk.

@swimwithsharkss: https://klse.i3investor.com/blogs/HIDDENGEMLIST/2021-10-22-story-h1592826645-Monetization_the_right_way_for_property_developers_to_work_smart.jsp

See my article here for more information!
22/10/2021 10:06 AM

BLee: A good read, would give the article a 'like', but cannot find the button. Also would like to comment the infrastructure shall follow specification of the new technology, i.e. new experience for Ageson...
Happy trading

@Hazmi, @swimwithsharkss, agreed. The tortoise will win the race, cos the tortoise live much much longer than the hare..Happy trading

BLee @goodiewilly: BLee this article is good and more informative
22/10/2021 8:27 AM

BLee: Yes, we usually knows S&P, this is S&D. D for development of infra, that is including utilities (underground pipes, cabling manholes such as JC9C, IWK sewerage, etc) ready for connection to the development. It will be new experience for smart building infra for Ageson, for future construction projects...
Happy trading and TradeAtYourOwnRisk.
22/10/2021 8:57 AM

Morning Ageson Forumers, more details for reading:
https://focusmalaysia.my/ageson-to-tap-china-conglomerates-expertise-in-industrial-lot-operations/
TradeAtYourOwnRisk.

@goodiewilly, very good info. Tq

@blackchicken, aborted ICULS was yesterday news, today news is investment of RM278.78mil from ZGDEG. What a good connection?
Happy trading and TradeAtYourOwnRisk.

@telurgoreng, another good news: development financing obtained?
 "The Board of Directors of the Company (“Board”) wishes to announce that AHSB, an indirect 75%-owned subsidiary of the Company had on 21 October 2021, entered into a sale and development agreement (“Agreement”) with ZGDEG for the purchase of a piece of land measuring approximately 168 acres (“Industrial Land”) which is part of a land measuring approximately 475 acres located at Wilayah Sungai Kelian Baru, Mukim Batang Padang, Daerah Batang Padang, Perak (“Development Land”) by ZGDEG from AHSB and/or Menteri Besar Incorporated (Perak) (“MBI Perak”) at a purchase consideration of approximately RM278.78 million (“Purchase Consideration”)."
No wonder ICULS issuance not required. TradeAtYourOwnRisk.

@swimwithsharkss: Morning all :) Good for the company to cancel the ICPS, no more dilution to us shareholders!

21/10/2021 10:32 AM

BLee: Good morning @swimwithsharkss, only ICULS cancelled. ICPS (AGES-PA) not cancelled and no more be affected by this ICULS issuance, I hope...
Happy trading and TradeAtYourOwnRisk.

Update - ICULS proposal aborted.
What is the After effect of the proposal cancellation? AGES-PA no more play second fiddle. Attention will come back to AGES-PA, I hope.
- will AGES-PA be the source of quick funds as mentioned alternative? Each AGES-PA can raise 12sen, but the mother (AGES) is trading at 9sen. NTA of AGES as per last QR is 26sen, AGES present trading price is considered undervalue?
With ICULS aborted, most likely 'the dilution' effect will balance to a manageable level...time will tell what will be the balance AGES-PA trading price. TradeAtYourOwnRisk.

BLee @IAN1277, I have gone through the proposal document, IMHO there will be before and after issuance effects.

Before: There will be more AGES-PA conversion to mother shares to capture the rights to subscribe. The share price will not be so much affected.

After: Unless AGES-PA exercise price reduces to match ICULS exercise price, AGES-PA will play second fiddle to ICULS. Typical examples will be those counters having A, B and C warrants; the more recent warrant usually will have more attention.

Due to the major increase in issuance size, it is very hard for shares price movement. Any increase in shares quantity will spread out the funds available.

On another note, the proposal is well written with all the scenarios covered. So far, I liked Agesion reporting on their corporate movement. I hope their projects will be successful amid increasing risk..

Happy Trading

Disclaimer: This opinion for sharing purpose; not meant for buy, sell or hold recommendation.

27/02/2021 11:54 AM

Latest update - Proposal cancelled.
Source: https://www.klsescreener.com/v2/announcements/view/3443179

Latest announcement on ICULS:

(ii) The Board has decided to abort the Proposed Rights Issue of ICULS (“Abortion”) after having considered all relevant aspects of the Abortion, which include, but not limited to, the expected longer time required for the Company to complete the Proposed Rights Issue of ICULS and hence, the Company has decided to explore alternative avenue to raise funds expeditiously for the operational requirements of the Group.

AGES-PA (13sen conversion) price will not be affected by ICULS (proposed 10sen conversion?) issuance anymore. Hopefully price of AGES will go back to support of 13sen...Happy trading and TradeAtYourOwnRisk.

@AlexT12:  just take care, lol, not worth it to lose money such counter. buy real tech companies. penny stocks is the easiest way to throw ur hard earned money to these operators. they are buying sport cars using your money now.

20/10/2021 8:49 AM

BLee: AlexT12, you take care too. My investment shown in my portfolio still remain same, only loss in commission and taxes..Agreed some penny stocks are very hard to recover from years of losses. My advise is to read QRs and ARs of counters before throw our hard earned money. Find out reasons why the decline in stock prices vs business environment (balance sheet, cash flow, feed stocks prices, etc).
Two questions: 1. How can operators earn money in PP investment if the PP tranches prices keep decline by almost 10% since from Fintec tranche 1 to tranche 4 without any rebound of price?
2. How can money flow out (siphon) as money collected from PP, ESOS, SIS, RI are locked in bank FD account as shown Fintec latest QR reporting?

My observation is the operators could be accumulating Fintec stocks as much as possible with prices as low as possible. Retailers could only loss money by buy low and sell lower...
Finally, the operators could take control of Fintec with ALL the cash and holding stocks.

A good read for PP at: http://mswg.org.my/sites/default/files/12%20March%202021%20MSWG%20%20Newsletter%20%28finalised%29.pdf
12 March 2021 MSWG Newsletter (finalised).pdf

Happy trading and TradeAtYourOwnRisk

@AlexT12: be as technical as you like. the truth is you are trapped in a forever sinking ship. there will be no bottom. share consolidation can reduce share number , will bring up price again then drop again.
19/10/2021 1:59 PM

BLee: Hi @AlexT12, thanks for your concern for being 'trapped' in a forever sinking ship in the middle of a pandemic. The 'storm' has just subsided..I think. Just join at 2sen and willing to sail or sink with the rest of the 'crew'. Happy trading and TradeAtYourOwnRisk.

谢谢，非常详细的解释。

@Howyoudoin: im a rookie here， if fintec stock price drop until 0.001 and below then is it going to get delisted？

18/10/2021 9:25 AM

BLee: Hi @Howyoudoin, the lowest stock price is half sen i.e. RM0.005, not 0.001. It is a very long process if there is ground to delist a counter such as still insolvent after many warning to meet listing criteria. It is NOT due to stock price. Fintec is very cash rich at last QR i.e. cash of RM109mil vs market cap of RM78mil; meaning you can buy the ALL Fintec shares at 0.015 for RM78mil and getting cash of RM109mil in return plus ALL their holding shares of more than another RM100mil. Please see my calculation at: https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-10-story-h1591992307-Fintec_The_pendulum_swing.jsp

Happy trading and TradeAtYourOwnRisk

@BILLC: Fin CON global stock,,,,,just avoid lohhh,,,

Wakakaka,,,,,

17/10/2021 5:33 PM

BLee: No risk, no gain. No CON?, no such low price!! No PP, no such low price?? No such low price, no chance to buy low..so up to individual to buy at such a low price. Fintec related counters and newly acquired counters are trading mostly at 52 weeks low. So what is the risk of getting lower? After end 2021, not so easy to get funds raising exercises and consolidation approval.
TradeAtYourOwnRisk.

@Good123: Bagus!

I generally do not set a Stop Loss for my investment. When the market crashes, it is a good time for me to invest more...

BLee: 5.) I have done cost averaging many times, no regret..End
Happy trading and TradeAtYourOwnRisk

@Good123: Advice from so-called guru!

When I invest in stocks, I hold them for a long time. I won’t sell them unless the company’s fundamentals deteriorate....

BLee: 4.) No need advice from anybody, what can cut-loss at 1, 2 and 3 sen investment?? ...continue

@Good123: only invest in stocks that you are optimistic that their future prices will be higher than they are now. It doesn’t matter even if you buy now while prices are going up. In the long run, they will go up even more. ;)

17/10/2021 3:49 PM

BLee: 3.) I have invested in KGroup bcos of KGroup doing well in cloud storage business and moved into medical field, could be the next growth business. At 3sen, it is almost at 52 weeks low. What can be wrong?...continue

@Good123: For turnaround & profitable companies, remember, what goes down will eventually come back up. So, stay calm and carry on, folks. ;)

17/10/2021 3:26 PM

BLee: 2.) Focus Dynamics has been showing profit for the last 22 quarters ( discussed in one of my articles), there is no reason that the share price dropped from close to 70sen to 4sen except pump and dump. Once the dump completed, will it bounce back? I have taken the risk to buy quite heavily at 1sen for Focus-PA...continue

@Good123: Baguslah, pasukhas mendirikan projek hidro eletrik..

BLee: @Universe might has his point to disagreed, let me point out what I agreed with @Good123 i.e.
1. Expertise in Hydro Dam construction. I am very much in green energy as I have invested in MFCB, getting very good return. Received good dividend only few days ago. No problem of getting bank financing, unlike some others coal related industries..continue

@Good123, well narrative on investment strategy, we are on the same page. I have done the same investment in Focus-PA around 1sen, Fintec around 2sen and KGroup around 3sen; plan to hold for very long terms. Fintec and Focus are contracting construction works to PASUKHAS and hope it is beneficial to all this 3 counters. Happy trading and TradeAtYourOwnRisk.