“DividendGuy67 > Hi BLee. I presume ICPS = Irredeemable Convertible Preference Shares? I think whether ICPS or penny stocks or other instrument much depends on whether it can cause a complete and permanent loss of capital…”

Yes and No, Yes for Irredeemable Convertible Preference Shares and No for causing a complete and permanent loss of capital. Unlike Loan Stock, it is Irredeemable; and unlike warrants it is auto-convert upon maturity.
For example, 11 Fintec-PA will auto-convert to 8 mother shares upon maturity.
Another example, NovaMSC-PA needs min 1 NovaMSC-PA plus 3sen to convert to 1 mother share; recently both methods are still in $.
In the case of Allianz-PA, due to paying a dividend, it is traded higher than its mother share. Good discussion so far..

Good sharing. I have written on the same topic years ago; a really good refresher. After 7 years, some link is missing in the article, nevertheless the Link:
https://klse.i3investor.com/web/blog/detail/BLee/2017-05-18-story-h1450571674-Mother_and_Warrants

Note: I sold Pmetal early, bought back twice making quite handsome profit. I could have earned a 6 digit profit if I had listened to my remisier to hold it until now…
Thanks

“DividendGuy67 > Someone told me..But my question is - if you keep trading every year at RM10,000, how is that going to make you rich over the long term?...Then, where's the future in that?”

Good sharing, that's what I thought when I started my ICPS investment. During the penny stocks rally , I bought each trade at the max per trade, and sold half a sen higher; making 1 or 2k per trade. When the penny stocks mania are over; what next? So I start searching on what stock I can trade with big volume with very low risk. ICPS is my answer. Only recently, I can double my investment value over 4 years; that's around averaging 25% per year; not too bad. That's only paper gain; waiting for further market improvement to monetise my investment…again, thanks for the good sharing; just sharing my side of investment with no prejudice.

“prudentinvestor > I won't buy call warrants but won't write off warrants issued by sound companies that are exercisable within a specified time frame at a fixed price. I made some money in 2006/07 from Perstima warrant..”

Both RHB and Perstima give very good Dividend; I am at a paper loss if not considering the Dividend received. I am also Not so lucky with warrants, always expired without a chance to sell. Therefore I will sell the RI-Rights (Offer/Ordinary Rights OR); example Insas-OR at almost double LU price.
Agreed, Call Warrant (CW) is another ball game. If you go-thru the CW Term Sheet; the Market Maker will buy or sell to protect what the issuer ‘released’ in the market. There is no ‘con’ job as suggested by one Forumer…there is so much to learn; that makes investing so much challenging.

Those born before 1970's are most likely 'born poor'. We make our own toys (saw one cartoon how we used to make a spinning bottle cap). We save every cent (not sen then) we can lay our hands on.
Nowadays, there is so much 'attraction' to spend; earn a Ringgit, chances to spend 2 Ringgit. How to save? They are not born poor or too lazy to work; only spending more than earning with mountains of easy $ credit card bills..

"Sslee > Who is the Cindy Kate TheContrarian mention about?
By the way I am still waiting to collect Insas below RM1.00"

CindyKate, the illegitimate child of TheContrarian born yesterday? Just joking.
Insas most likely will go below RM1 if a 15sen dividend declared..those holding Warrants will be jumping Not for joy. Haha, it is a Sunday joke..Happy Trading for coming week.

Very balance view, I won't sell mine too...

Very well written, got a question; is 'introduce co-payment options for medical and health insurance' is an option for the general public? Every year, I am 'burning' few $k hoping Not to make any claim. Saving of 1 or 2 $k over several years, will it able to pay the difference in co-payment if required? It all boil down to affordability...and a good policy.

“Mar2083 > Why still not want goreng up? 😭”

If you study the graph from 2Q2024, there are 3 peaks (candles) on 14May.(0.065 to 0.08), 23May (0.08 to 0.10) and 7June (0.11 to 0.125). Is this the first wave of ‘goreng’; I don't know as I am just a ‘spare cash’ investor and do Not have any ‘insider info’?? When is the next ‘goreng’; I also don't know…
Link:https://www.klsescreener.com/detail.php?code=7145

What I know Ageson is one of the worst performing counters during C19 period; especially during delay in issuing AR and QR of Q62022 showing big impairment/losses as shown:
“For the current quarter, the Group achieved a total revenue of RM52.17 million, mainly attributable to the trading of construction material. Other operating income has reduced as a result of the reversal of bargain purchase during the financial period. On the other hand, operating expenses have risen in the same period due to the non-cash accounting impairment adjustments on certain assets such as other receivables and goodwill.
For the period under review, we have generated RM180.38 million from the operating activities and cash and cash equivalents stood at RM44.27 million as at 31 December 2022.”
Link: https://www.klsescreener.com/v2/financial-reports/view/720751

IMHO, the worst is over with the Independent Report “digging” the reason for impairment. I am taking a “risk” there will be an impairment reversal in the coming AR..

Let me summarize my Ageson-PA trading. Due to work from home period; I have the time to ponder on what is the best investment which can beat the bank FD rate. I found ICPS investment is quite attractive due to the 2 methods of conversion, autoConvert upon maturity and the leverage on mother's share price. I started small with my first IB account. I thought I would Not lose if I bought at the lowest of RM0.005 as it is the lowest trading price. I am wrong and speechless. One of the Forumer ‘warning’ is correct, upon Ageson consolidation, my investment became RM0.075. As of now, my investment in account A is still in paper loss.
I started account B when Ageson-PA dropped to RM0.005 again due to a much lower commission of RM1 for every RM100 up to RM700, thereafter RM8 for trading below RM10k. My account B is very much in positive paper gain now mainly because my purchases at the lowest of RM0.005 is now traded at RM0.045; a 9 times increase. I am a bit lucky to cost averaging on this Ageson-PA. There are counters which are delisted; not a chance to recover the investment.
So better do your own due diligence; Happy reading on a Sunday Morning and as always Happy Trading and TradeAtYourOwnRisk.

“whistlebower99 > FOR NEWBIES
NOSH = 1,069,873,355
Date 07 Jul 2020
NOSH= 5,922,797,474 before 2 years before share consolidation Date 15 Apr 2022..”

Hi Newbies, good sharing by whistlebower99. There are always 2 sides of a coin. With the massive corporate exercises with every exercise price dropping by almost 10%, the market price drops almost to the lowest. I am speechless as written in one of my articles due to this 10% discount to entice subscription.
My journey of investment in ICPS started with Focus D ICPS with mother below 10sen and ICPS at 1sen. The subscription price at 5.5sen selling at 1sen; it seems a good buy for me. I started opening one IB account with a minimum RM7 for any trade below RM10k; started bidding buy at 1sen to capture the seller at half sen. Most of my trades successfully at half sen, only failed at 2 occasions as shown in one of my articles. My account now balloon to more than 100% paper gain; another tick will be able to monetise my gain!! For info, Fintec-PA subscription price at 8sen, I managed to collect a few mil at half sen before consolidation..

Then is then and now is now. Let me illustrate the difference between Corporate Exercise Then (08 Sep 2021) and Now.
Example:
No. of shares issued under this corporate proposal - 100,000,000
Issue price per share ($$) - Malaysian Ringgit (MYR) 0.0199 x 30 equivalent to 0.5977 after consolidation.
Units - 4,475,664,574
Issued Share Capital ($$) - Malaysian Ringgit (MYR) 340,233,391.530
Listing Date - 08 Sep 2021

Price: Now RM0.235 vs Then RM0.5977. Will anyone cut-loss?
Units: 197,894,622 vs 4,475,664,574. All warrants expired!! Will wait for the next QR/AR to see how this expired effecting the reports as each warrant will have a base cost; Not ‘toilet paper’ as suggested.
Issued Share Capital ($$) - Malaysian Ringgit (MYR)421,465,313.540 vs (MYR)340,233,391.530. A very significant increase although with consolidation; will Not diminished at all. Share Capital and Market Capitalisation are two different entities; please Do Not be misled. Corporate exercises such as PP, ESOS, etc which require payment will increase Issued Share Capital, and Not necessarily increase Market Capitalisation..
Anyway, thanks @whistlebower99 for his good sharing his side of the coin; as always Happy Trading and TradeAtYourOwnRisk
@Musang King, concur with your observation. Let's hope the brighter day will come seeing the active trading of so called 'con' stocks..

“sting79 > The lapse on 11July means the proposal for [ (1) Afton share exchange + (2) the establishment of ESOS ] is no longer valid to be approved by Bursa…The company right now need to sort out PN17 status first and foremost, else unlikely Bursa will approve any sort of share exercise…whistlebower99's observation is based on the company's historical capital changes, which is all about RI and share consolidation, something that put off many investors. But any newbies, punters, gamblers are all welcome.”

Agreed, the proposal has been approved with “court order”; why Not carry out and let it lapse? This is one of the ‘path’ to get out of PN17 (audit query); is it Not necessary any more? IMHO, the company is pursuing another ‘path’ i.e. Independent Auditor; the report came out quite satisfactory. Once this Report Finding incorporated in ‘FR financial period ended 30 June 2024’, the chances will be out of PN17 (audit query). If there are Impairment Reversals, what will be EPS? Let's wait and see.

“Court Order” Announcement:
“On behalf of the Board of Ageson, TA Securities wishes to announce that the High Court has, at the hearing fixed today, approved the Scheme of Arrangement pursuant to Section 366 of the Act in relation to the Proposed Internal Reorganisation (“Court Order”).”
Link:https://www.klsescreener.com/v2/announcements/view/5767513

With the above reasoning, what is the chance of another ESOS proposal? Your guess as good as mine, always Happy Trading and TradeAtYourOwnRisk

“whistlebower99 > FOR NEWBIES
Announced EX Date Subject Ratio Offer 22 Apr 2024 07 May 2024 Share Consolidation 1.0000 : 30.0000…Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc…Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future…”
“TheContrarian > The people here doesn't know that Fintech owns 20.68% in Netx which in turn owns 15.75% in Mlab?”

Hi Newbies/ whistlebower99/ TheContrarian, Fintec is part of a very big ‘spider web’ as illustrated in https://thecorporatessecrets.com/blog/2024/07/02/brahims-bangkit-kembali-dari-pn17-saham-dimanipulasi-mafia-korporat-dinyah-senarai-bursa-dan-kontrak-25-tahun-ditamat-mag/

Is this article pros or cons on Fintec?

Fintec answered Bursa UMA back in April 2021, Link: https://www.klsescreener.com/v2/announcements/view/3347657
Why until to-date, still the question of ‘con's (PP, ESOS, RI) arose as all the warrants expired except ICPS? Fintec still holding the aforementioned shares..potential gaining from ‘bull's market now. Come 2027 when the ICPS matures, Fintec Capital will increase by 6.9mil x (8sen x 30). So why the question of dilution when Fintec NTA is well below RM2.4? This is a certainty; if don't believe it, can refer to NovaMSC increase in Capital due to massive ICPS conversion..
I am interested in the F&B businesses in Fintec; not Netx or Mlab. I am Not interested in Fintec warrants (which all expired before the consolidation exercise). I am also Not interested in ‘Expect NOSH to increase’ as it is Not certain. Will wait for my investment in ICPS; will see how the ‘latent’ $ upon maturity effect/affect NTA and the market price!! Hope I am Not wrong, time will tell, as always Happy Trading and TradeAtYourOwnRisk.

“whistlebower99 > FOR NEWBIES
Announced EX Date Subject Ratio Offer 18 Apr 2022 05 May 2022 Rights Issue 2.0000 : 1.0000 0.2000..Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc..”

Hi Newbies, please keep up to date on latest announcement:-
“On behalf of the Board, TA Securities wishes to announce that pursuant to Paragraph 6.62(2) of the Listing Requirements, the approval of Bursa Securities for the implementation of the Proposed Internal Reorganisation has lapsed on 11 July 2024 and additionally, the Extended Conditional Period has lapsed on the same date.” meaning no more ESOS/10% dilution for the short term.
Link: https://www.klsescreener.com/v2/announcements/view/7365885

“..the Board has prioritised its resources to regularise the financial condition of the Company and will consider implementing the Proposals as part of its regularisation plan for the PN17 status in the future.” meaning Not at the moment but consider one of the option.

As stated in one of the announcements, “Pursuant to the above, the Company wishes to highlight that there are no material adverse findings on the concerns raised by Company’s external auditors. The Company will work closely with the potential auditor to address the above in the audited financial statements of Ageson for the financial period ended 30 June 2024.” meaning patiencely has to wait for financial period ended 30 June 2024. If there are reversal of impairment, what will be the NTA and EPS? It is a calculated risk to be “TradeAtYourOwnRisk” and Happy Trading..
So do not Read Old News when new announcements available; do Not just report ESOS/Proposal and forget about Lapse of approval of the said ESOS/Proposal…
Note: I have recovered my loses in my Ageson by selling my Ageson-PA; I am holding the remainder cost free waiting for the financial period ended 30 June 2024.

“whistlebower99 > "Bear in mind at the time of FREE Warrant, NetX EPS is Negative..focusing on making the EPS turn positive…free gift appear out of thin air ???..Judge for yourself to see who will benefit the most, from the free warrants.”

For EPS to turn Negative to Positive in a Financial Year (FY) is very easy; Insas is doing it yearly by selling the Golden Goose Inari…all calculated by selling how much to make how much profit. For all these so-called ‘con’ counters, it is not so lucky as Insas, no Golden Goose to sell. Some counters sell land in a foreign land and some sell priced properties just to make EPS turn positive..
For BI of FREE warrants, please read my example in Gocean post, JAG BI of FREE warrants if bought at highest just to get the FREE gift paying a hefty price..
For the answer on who benefits most, your guess is as good as mine? Example in JAG; the one sold at MYR0.4 and bought back at MYR0.25? Not me, I don't have any to sell at MYR0.4, bought at MYR0.25 and hopefully can get some good return in less than a year. The morale is to buy Low (bought majority of my ICPS at almost FREE of lowest MYR0.005 price, and wait for auto-convert if not able to make any gain) and sell High; not buy High just to get the BI of FREE warrants..as always Happy Trading and TradeAtYourOwnRisk

“whistlebower99 > Free warrants sound so good coz it is FREE..free air and water from Nature…If free warrants are converted into shares, retailers will have their small equity % further diluted. Same goes to the EPS if any”

Good narrative. Posting at i3 is also FREE. What is this BI of FREE warrants ‘if’ converted?
Unlike PP and RI which pay first, BI is paid later ‘if’ the ‘conditions’ are met..nothing to lose.
Recent JAG BI of FREE warrants is a very good example of what happens to these FREE warrants; it is not FREE at all.
The highest price of JAG is around MYR0.4 (graphically BI adjusted 0.335) before BI drops to MYR0.28. The price dropped further to lowest MYR0.245 after the ex price.
Details from Link: https://www.klsescreener.com/detail.php?code=0024
As shown, the FREE warrants are actually not FREE for those holding at the highest price (actually there are two BI, 1 for 5 and 3 for 5).
I managed to buy some ex BI at MYR0.25; wish me luck..as always Happy Trading and TradeAtYourOwnRisk.

“whistlebower99 > FOR NEWBIES
Announced EX Date Subject Ratio Offer 11 Oct 2023 25 Oct 2023 Share Consolidation 1.0000 : 10.0000..directors plan for more fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc”

Newbies, the share Consolidation in Oct 2023 from 1sen x 10 adjusted to 10sen, now traded at 18sen, a gain of 80%. The trend now is not PP, ESOS, RI etc, it is BI of FREE warrants.
Example: NETX - Notice of Bonus Entitlement
BONUS ISSUE OF UP TO 468,976,320 WARRANTS IN NETX HOLDINGS BERHAD ("NETX" OR THE "COMPANY") ("WARRANTS D") ON THE BASIS OF 1 WARRANT D FOR EVERY 2 EXISTING ORDINARY SHARES IN NETX HELD AT 5.00PM ON 15 JULY 2024 ("BONUS ISSUE OF WARRANTS")
JAG - ISSUANCE OF 368,903,282 WARRANTS IN JAG ("WARRANTS C") ON THE BASIS OF 3 WARRANTS C FOR EVERY 5 EXISTING ORDINARY SHARES IN JAG HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ("BONUS ISSUE OF WARRANTS")..listed on Wednesday, 3 July 2024 with close to 10X gain; and many more others example.
Note: I don't hold any Gocean share, only holding millions of Focus-PA in which mother Focus D is a majority Shareholder of Gocean. My FREE info is to highlight the 80% of Focus D gaining financially from this consolidation exercise. @whistlebower99 could be correct in his/her FREE sharing as previously, the trend of PP, ESOS, RI etc with close to 10% discounted price are very disadvantageous to existing shareholders. How about this New trend of BI with FREE warrants? The answer is in the AIR, my friend, as always Happy Trading and TradeAtYourOwnRisk.

“speakup > lately notice MCA has become DAP 2.0, while DAP has become MCA 2.0”

I seldom discuss politics in i3 as it is more as an investment forum… Logically, is MCA 2.0 inclined to DAP 1.0? If “DAP has become MCA 2.0”, will it be the same as DAP 1.0; no change..actually be MCA 1.0?

Logic aside, I have had very good experience with MCA Education arm, TAR college (UTAR and the spinoff now) many years back. One of my relatives obtained 11As in her SPM; searching for a good college to further her study. I helped her to do research after she consulted me. We went to PJ, Nilai, Setapak and Sungai Long to view some of the college's facilities and the Education cost. At PJ, 2 colleges are willing to give full waiver of Education fees for the first year depending on semester result. The one at Sunway willing to give only 75% as the result not All A1. The one at Setapak/Sungai Long (TAR/UTAR) willing to give 100% and explained can assist in applying PTPTN loan; will get full waiver if she can get First Class Honour in her further tertiary study. To cut the narrative short, she took up the offer, finished her studies without paying a single sen..

What will be Insas price if Inari reaches MYR6.30?
Link: https://www.nst.com.my/business/corporate/2024/07/1073527/neutral-call-stays-inari-rm630-target-price

Will find out the direction when market open tomorrow..Happy Trading and TradeAtYourOwnRisk

"necessity > i dont know if anything to do with DC sns.."

All the big Hardware/Software companies invest in DC because internet latency/speed is not a problem with growing 5G capability. Imagine your Big Server (DC) can replace ALL the servers in thousands of premises all over the World using your Hardware/Software? As reported in News, one of these Big Servers is using 'SNS Super Servers'?? It is All boils down to 'Solution'; meeting clients' requirements. No one 'Solution' solves All; therefore everybody will have a piece of this 'Big Cake' eventually..not my opinion, after getting info from my IT friend (already back in US after his holiday here).

“Albukhary > This company better than SNS…”
“ChloeTai
SNS will be supplying Super Servers to Data Centres.”

Haha, just like body parts talking to each other, the Heart says to the Brain, without me pumping blood to you, you cannot think. The Brain retorts back, without my instruction, you won't pump..
Similarly, Hardware needs Software to Operate. SNS not just supplied, needs a long term maintenance contract. NovaMSC also can provide Training and Support long term contracts for DC to operate. Who is paying? Answer: The trend (according to my IT friend, he has been supporting this in the US for years) is having servers in DC and no more in their own premises. It is more secure, cost effective and not carrying obsolete hardware/software..Happy Trading and TradeAtYourOwnRisk

“Sslee > Cash flow from financial activities:
Borrowing mean cash inflow from new borrowing for the year..My point is despite new borrowing..”

Agreed on all except on new borrowing. Please refer to CAB Q12024 report, Link: https://www.klsescreener.com/v2/financial-reports/view/732113
item 20, short term borrowing of only 518.8mil from 579.2mil, a reduction of around 61mil (no new borrowing).
The long term borrowing increase is due to foreign exchange in USD from 2,056.5mil to 2,338.4mil, a loss of almost 282mil. Because of this exchange losses, the 1QR24 EBITDA of over 1B and operating profit of over 304.87mil; ended with a net loss of 244.279mil.
Conclusion: IMHO, It is very hard for CAB to turnover with massive borrowing and leasing in USD if the USD maintains at present level..

"Sslee > Question:External Auditor, from Sales in advance: RM2,025,298,000,Proceeds from borrowings: RM1,273,030,000 yet the Group only managed payment of lease liabilities: RM2,045,816,000 which is far off the amount of current lease liabilities reported at FYE 2022 RM4,340,844,000. What happens to the unpaid FYE 2022 current lease liabilities?.."

Good observation. I am neutral on Capital A (AirAsia) and also "半桶水" (half pail of water) on accounting, trying to learn from any companies annual financial reports.
From your Question, I also have further questionable (unnecessary to be answered) on Sales in Advance vs Borrowings vs Lease Liabilities definition; are all these 3 on the same level comparison?
'1. Recently, Capital A (AirAsia) promoted a 1 year Asean travel 'Sales in Advance', how is this shown in Accounting double entry liabilities?
'2. Sales in Advance, excluding item 1 above, how much collected for what duration? I think the most is only for a 3 month period taking my recent 2 package tours traveling on AA flights.
How to compare if Lease Liabilities are for numerous years?
'3. Can "payment of lease liabilities: RM2,045,816,000" be compared with "Sales in advance: RM2,025,298,000" considering items 1 and 2 above? I think "Sales in advance: RM2,025,298,000" should be minus the "1 year promotion sales", then multiplied by 4 for a full year. What do you think? Just a tickle, and practice my brain for anti old age. Have a nice weekend and Monday holiday in boleh Land..
"Good morning Balian de Ibelin,
I'm trying to ask questions so that people can start to think.
Did I managed to do so?"
Yes from me..

“whistlebower99 > FOR NEWBIES
BONUS ISSUE OF UP TO 468,976,320 WARRANTS IN NETX HOLDINGS BERHAD…Massive quantity of shares will be issued on warrant conversion, causing dilution to shareholding equity % and EPS…Don't be caught with warrants at high prices
Warrant D like previous ones will likely end up valueless on expiry date when share price drop to below exercise price of 0.10..”

Many Thanks for the FREE service for highlighting the Bonus Issue of FREE Warrant.

Since it is for Newbies, they might not understand all this complicated jargon of BI, EPS, Dilution, Free this Free that, etc..

I am a Newbies many moon back, maybe I can give some FREE info.

NetX Brief Business Details:

“NetX Holdings Bhd is principally involved in the investment holding, research and development of software, system design, integration and installation and provision of information technology services. The core business segments of the company comprise of the followings: Electronic Payment Services and Payment Services segment…”

How is Electronic Payment Services (EPS) and Data Center (DC) related?
In order to store Billions of Transaction and analysis of consumers spending, the perfect place is in DC..building DC is one off investment, users paying for the services is for the long term.

Now is the trend for DC and Software Solution, what are the chances for NetX to visit prices before consolidation??

Is it contradictory for ‘end up valueless’ and ‘warrant conversion, causing dilution to shareholding equity % and EPS’? Which is better?

If it ‘end up valueless’, at least get a chance to trade for something which is FREE. If ‘warrant conversion’, does it really ‘causing dilution to shareholding equity % and EPS’?
Bear in mind at the time of FREE Warrant, NetX EPS is Negative; therefore sharing rather than dilution. If ‘below exercise price of 0.10’; is it possible for any conversion or dilution?

Note: I don't hold any NetX share, only holding millions of Fintec-PA before consolidation in which mother Fintec is a majority Shareholder of NetX. My FREE info is to highlight the possible Fintec gaining financially from this FREE issuance. As there is a lot of ‘if’, @whistlebower99 could also be correct in his/her FREE sharing. As always Happy Trading and TradeAtYourOwnRisk.

Coincidental, before finish typing, Fintec-PA moved above MYR0.15..next will move closer to mother price.

“KingDavid > Fintec-Pa - with 6,947,482 units, it is too little for someone to "goreng" to make money.”

I have a different opinion; Fintec-PA will leverage on Fintec share price, if ‘goreng’ on mother will have an effect on Fintec-PA, less supply might ‘goreng’ till create more demand if the mother runs faster..

On “@ID007> all conmen”, depend when you ‘plunge’ in…if before Covid19, surely feels throwing money in the big salty sea. When the ‘bulls’ chase the ‘bears’ away, will think otherwise if they make $ from low entry. I always believe the four quadrant theory; [The SWOT (Strengths, Weaknesses/Areas for improvement, Opportunities, Threats) analysis often is used in strategic planning. The analysis focuses on the four elements included in the acronym, allowing organizations to identify the forces influencing a strategy, action, or initiative], especially on Opportunities..
The Covid19 Threats already passed and buying at the Weaknesses of MYR0.005 (0.15 after Consolidation) will bring the Opportunities to make $ if the Strengths are still there. If not (money spent and holding stocks cut-loss), then really a ‘con stock'. I don't read any announcements selling of major holdings such as in Focus D, Netx, etc..as always Happy Trading and TradeAtYourOwnRisk

Finally MFCB passed thro' MYR5, seems Power play is contagious..

“newbie5354_ > Thanks for the info. Beside Brahim any more shares Focus own?..”

Focus D also own the following:-
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
GREEN OCEAN CORPORATION BERHAD

628,000,000 shares representing 29.741%
Link:
https://www.klsescreener.com/v2/announcements/view/3475013

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

206,050,000 shares representing 22.22%
https://www.klsescreener.com/v2/announcements/view/3479645

Further reading of my other write-up link:
https://klse.i3investor.com/web/blog/detail/BLee_Focus_Dynamics/2021-10-13-story-h1592051830-Focus_Dynamics_Recovery_play

Note: All this Data is not up to date, therefore just for sharing and NOT a recommendation to Hold, Buy or Sell and always Happy Trading and TradeAtYourOwnRisk..

The Focus Dynamics Path:
Before the waterfall, theedge give a very good coverage with fundamental and a bit of warning, Link:

https://theedgemalaysia.com/article/cover-story-unfathomable-rise-fb-operator-focus-dynamics-become-rm4-billion-stock

To quote “when questioned by Bursa Malaysia on the meteoric rise of its share price via an unusual market activity query, Focus Dynamics said, “The group has been continuously on the lookout for opportunities to expand its core business in the F&B segment via mergers and acquisitions to enhance the group’s earnings and improve its financial performance.”
“In addition, the group is currently in an exploratory stage for a potential merger/acquisition exercise with another company that has a sizeable assets base.” i.e. Brahim’s? The Pump and Dump? by “largest shareholders is Credit Suisse Group AG, which had 9.95% equity interest as at Aug 18, according to exchange filings. Who Credit Suisse is holding these shares for is unknown” while “Focus Dynamics’ single largest shareholder as at June 1 was Asiabio Capital Sdn Bhd, which had a 25.05% stake. Asiabio is controlled by business incubator and strategy advisory Fintec Global Bhd.” increasing its stake during the waterfall..the rest is history.

Present: With Covid19 blow over, F&B recovery and this news on Brahim and completion of “Focus Dynamics has a 51% stake in Famous Ambience Sdn Bhd, the special purpose vehicle of The Arch, with construction company OCR Group Bhd’s Ong family holding the remaining equity interest. Launched in April 2017, The Arch was to be completed by end-2018.”, will the ‘Pump and Dump’ repeat?..your guess is as good as mine, Happy Trading and TradeAtYourOwnRisk.

“haziqaz > Brahim’s bangkit kembali?...”

Harap-harap ada harapan. Petikan ‘Brahim’s Food Services mencatatkan keuntungan kira-kira RM12 juta untuk tahun kewangan berakhir 2023’, “Kejayaan kewangan ini menunjukkan ketahanan dan model perniagaan yang kukuh dalam kumpulan syarikat Brahim’s” dan ‘hari ini Brahim’s Food Services menjadi penyedia makanan halal dalam penerbangan terbesar di rantau ini’ menunjukan hari cerah dah tiba..Semoga Happy Trading and TradeAtYourOwnRisk.

“DickyMe > Have anyone received the free warrants, yet?Only bonus share is visible but warrant bo li yeow”

Please see below announcement:
‘Kindly be advised that JAG's 368,903,282 Warrants C issued pursuant to the Bonus Issue of Warrants will be admitted to the Official List of the Exchange and the listing and quotation of the Warrants C on the ACE Market, will be granted with effect from 9.00 a.m., Wednesday, 3 July 2024.
The Stock Short Name, Stock Number and ISIN Code of the Warrants C are “JAG-WC”, “0024WC” and “MYQ0024WC964” respectively.’
Link:
https://www.klsescreener.com/v2/announcements/view/7246555

I am not entitled for the Bonus Issue as I bought after the entitlement date; below the adjustment price of MYR0.28..

"messi > Blee, are you holding big chunk of Novamsc PA? What is your target price to sell"

As I mentioned in my Note, big chunk (bought few million between MYR0.005 and 0.01 over few years duration when seller bid available) in Ages-PA, Fintec-PA and Focus-PA; regret NOT of NovaMSC as it is selling at 8 sen then..thought it is on the high side. Now, Fintec-PA and NovaMSC have almost the same price, only Fintec-PA at consolidated price. Hope against hope, ICPS is a good investment instrument as shown in NovaMSC-PA price now. I can't answer the target price, which I don't predict as there is usually not enough AI data to predict; I don't want Garbage In Garbage Out (G.I.G.O.).. IMHO, businesses which support Data Center such as software solution providers and server maintenance will have a continuous income; will do well.

I have written my opinion on NOVAMSC-PA at date: 2021-03-08 20:11
“Below are examples of a few issues of this 1sen bargain.
NOVAMSC-PA at 8sen around 700% gain off this 1sen issuance.” beside others ICPS subscription of 1 sen. It seems NOVAMSC-PA is doing so well, will others follow??
Link: https://klse.i3investor.com/web/blog/detail/BLee_AGES/2021-03-08-story-h1542067522-AGES_ICULS_The_30_Billion_of_1sen_bargain

How much $ Capital increased for this conversion during the last 6 months? The value increase is MYR2,937,809.99

Listing Date: 18 Dec 2023
Capital: Malaysian Ringgit (MYR) 115,603,726.330
NOSH: 1,193,889,250
Additional Listing Link: https://www.klsescreener.com/v2/announcements/view/6042057

Listing Date: 01 Jul 2024
Capital: Malaysian Ringgit (MYR) 118,541,536.320
NOSH: 1,278,929,583
Additional Listing Link:
https://www.klsescreener.com/v2/announcements/view/7213461

It is obvious conversion of ICPS is advantageous financially for the company; therefore chances of traded price will increase..

Note: I am very much in AGES-PA, Fintec-PA and Focus-PA; sharing Advantages of ICPS only. This write-up is NOT a recommendation to buy the above mentioned counters as only recently made some gain..Happy Trading and TradeAtYourOwnRisk

@Anw412, no comments on ponzi..except on BigPay future. All my previous oversea travel, I always loaded my BigPay as no hidden cost, giving good exchange rate and good transaction records. On my two recent oversea travel, I did not take my BigPay card along as there are better payments method such as various type of eWallet and eBanking..no worries of short of funds as it is auto transfer with good rate (both exchange and $ kept in account) and acceptable even at roadside stalls.

“whistlebower99 FOR NEWBIES

NOSH = 6.372.205,736
PA = 903,363,292
WD = 3066,399,051

Multi year loss making company

===================
Announced EX Date Subject Ratio Offer
20 Oct 2020 03 Nov 2020 Rights Issue..”

Newbies, the Right Issue was in 2020, almost 4 years ago, we should not delve into such old history. Please look ahead if you are Newbies, watch out for a new break-out at a bargain after the waterfall..if Consolidation do happen, price will be adjusted inversely proportional as seen in recent Fintec adjustment from 0.005 to 0.15 and traded much higher. Iris is another good example, adjusted from 0.08 to 0.32 and traded above 0.40.

Yesterday's closing of 2 sen (vol 251,244 lots) is a breakout since the high volume of 435,323 lots traded on 13 June did not close above 2 sen and the total traded volume since then is less than that figures. It can be concluded that most of this volume is being pick-up.
Happy Trading and TradeAtYourOwnRisk. This write-up is NOT a recommendation to buy, and since you are Newbies; you will not have big losses Holding or any available to sell??

@KingDavid, good observation and question, I will hold my Focus-PA (bought enough and no intention to add more) tightly as I bought it dirt cheap compared with the subscription price..

“speakup > nobody cares as long as got goreng! profit or not take a back seat!”

Goreng is one thing, jangan sampai hangus..just a musical chair, the one left behind will not even get the back seat. Look before leap. Happy Trading and TradeAtYourOwnRisk

From Glove to Data Center, what it takes..
As my working experience involves the full stages of Project Starting to Final hand over of any types of EPCIC contracts; roughly let me share the work flow.
‘- the client will perform Basic Design that involves rough costing, the capacity, market demand, market supply, location, etc..
‘- the details will involve more Professional in various Disciplines to perform Pre-Concept, Concept/Feasibility Studies before continuing to the first E, Engineering Studies.
‘- Sometime the P for Procurement will start for items that take more than 6 months to procure (for example machinery to make Glove or Drive use in a Data Center).
‘- Once Engineering is completed, bidding documents will be prepared to select the right contractors/supplier to start the first C Construction.
‘- The I is for Installation of Internal works including machinery and facilities.
‘- Then the final C Commissioning with all authority approval and everything running in order before hand over to client.

A most fast track project will take at least 2 years, with some projects can prolong to more than 5 years. We can see new Glove factories completed after the pandemic; the demand is NOT feasible for the constructed factories anymore. How about a Data Drive for a Data Center? Your guess is as good as mine..

@KingDavid, thanks for the compliment. It is my original quote, no plagiarism..except "lights at the end of tunnel" haha

“whistlebower99
FOR NEWBIES

Announced EX Date Subject Ratio Offer
22 Apr 2024 07 May 2024 Share Consolidation 1.0000 : 30.0000 View
11 Nov 2020 24 Nov 2020 Rights Issue (warrant) 5.0000 : 5.000 View
19 Oct 2017 31 Oct 2017 Rights Issue (warrant) 2 : 1 0.0800 View
22 May 2017 01 Jun 2017 Share Consolidation 3 : 1 View
13 Mar 2014 26 Mar 2014 Rights Issue (warrant) 1 : 1 View…”

For Newbies, remember this, “前人栽树,后人乘凉“ meaning “One sows and another reaps or literally mean past people plant trees for future generation to enjoy”.
We shall learn from the past to live a more fruitful future life. Why keep ‘grumpier’ the past when there are lights at the end of the tunnel?
At present, all the Fintec warrants expired, so the ‘stories’ of Billion NOSH including warrants does NOT hold any ‘water’. Due to unforeseen pandemic, share prices keep falling until the recent recovery period. Will share prices fall until RM0.005? I think it's unlikely.
My article, link: https://klse.i3investor.com/web/blog/detail/BLee_Fintec_Group/2024-02-02-story-h-189346541-Fintec_Consolidation_Pros_and_Cons
show my holding in a positive region now!!
The last Fintec-PA buying after Consolidation at 10 sen, made a gain of 60%, the seller bid at 37 sen will be much much higher..
This write-up is for sharing purposes, NOT a buy, sell or hold recommendation. Happy Trading and TradeAtYourOwnRisk.

“KingDavid >
My conclusion is to buy some more Fintec at current price and some Focus D @RM0.15 ( hopefully no consolidation).”

Focus D traded around RM0.01 and 0.015, and no issue on Consolidation as seen on Fintec Trading pattern after Consolidation…
I think Fintec- PA at 16 sen is a better bet as not many sellers are even higher after 16 sen. As for Focus D, no comments as it could take lots of patience to see any return…Happy Trading and TradeAtYourOwnRisk

“KingDavid
BLee, I am also looking at FOCUS. What do you think of FOCUS? Someone is starting to buy @RM0.15”

Yes, recently big volume buying; but did not know about picking up. Seller hurdle also had quite a lot in the last 2 days…
Of the ‘Lien Hoe’ group, Focus D looks most promising as food business is one of life's necessities. How I wish food business will recover first since pandemic; but never thought ‘Data Centre’ become one of life ‘necessity’ doing so well!!
I did not buy any Focus D stock, not because it is not promising, it did not drop to my target price of half sen. On and off, I put in bids of half a sen for Focus-PA, and managed to get quite a lot. Anyway, Focus D at 1.5 sen is a bargain compared to Focus-PA at 0.5 sen as it needs 10 Focus-PA to convert to 1 Focus D. Focus-PA advantage is on Leverage; AGES-PA is a good example, my investment of half-sen traded around 4.5 to 5 sen now…
This answer to your queries is for sharing purposes only; it takes a lot of patience and not necessarily ‘a good idea’.

Lari kuat kuat ke atau daripada..tunggu potensi keluar daripada PN17 (akaun diSiasat) selepas siap sah oleh Auditor Khas..tunggu dan lihat.

“KingDavid >
Musang King, where did you get only "7.2 millions" Fintec-PA available in the market?”

Let me answer this question, as I happen to be checking on Fintec due to being so active today, heading to 52 weeks high..
The details is at Link: https://www.klsescreener.com/v2/announcements/view/6927849

(iii) the existing number of 218,370,885 ICPS as at the Entitlement Date will be adjusted into 7,278,682 Consolidated ICPS (after disregarding the fractional entitlements arising from the Adjustments), which will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 9 May 2024, being the next market day following the Entitlement Date.

“snowball88 > Very simple, as in your..You have changed the parameters of my example... I already stated dividends issued first, then on 01 Jan 2024 executed a bonus issue. You changed it to bonus issue first, then dividends..”

LOL, I didn't change anything. It is convention to calculate ‘Trailing Twelve Month (TTM) Dividend’, cast in stone, Bonus issue or any corporate issues sandwiched between two Dividends declaration. The first one DID NOT include in the corporate changes consideration (different NOSH) DY calculation, the second declaration will be catered in the Trailing Twelve Months calculation (combined NOSH). The forward Dividend could be Zero, the DY then could be Zero; NOT 10% or 20%..

“snowball88 > Before we go further down the never-ending rabbit hole, can you clear this up for me first?..How did you get to the 20% DY??...can u specify the timeframe..”

Very simple, as in your example, we already have RM10k invested at RM1 having paid RM0.1 Dividend. Before the next Dividend announcement, the price dropped to RM0.5 due to Bonus issue 1:1. The Bonus issue is NOT entitled for the Dividend of RM0.1 paid; NOT entitled for DY (TTM) calculation the day after ex-bonus. As shown previously for RGT DY calculation from 2 different websites, there is disparity for DY calculated. I am just trying to figure out how this disparity will affect investment decisions vs FD rates..
To answer both your questions, DY was calculated initially at RM1 of 10% and this adjusted to 20% assuming price half ignoring ‘the fresh Bonus fund’. ‘The fresh Bonus fund’ will normalize upon the next Dividend entitlement (your correct calculation); therefore the timeframe is in between ex-bonus to the next Declare Dividend. Hope that answers your question.

“Value Investor Coo1eo >
can't believe people are still talking about this DY nonsense!”

Haha, talk about $ ma, how to beat bank interest rate and inflation..!!

“snowball88 > Yes bonus shares issued 01 Jan 2024, share price drop to RM0.5 after issue, Total dividends paid out for 01 Jan - 31 Dec 2024 is RM1000 (12 months profit of RM1000 distributed to 20000 shares), all clearly stated in my example…”

As mentioned earlier, you are absolutely correct for calculation after 31 Dec 2024. What data to use in between for DY (TTM) calculation?

Time is an essence for interest and DY calculation; therefore trailing twelve months (TTM) is needed for any comparison. In your example, the extra Bonus 10000 is not entitled for DY calculation until after the next Dividend declaration which in your example after 31 Dec 2024.
No offense intended and just an example; if you intend to have a baby tonight and do it, it is a miracle tonight you get the baby, you still need to wait 9 months later..same as $ put in Bank, you have to wait for maturity to calculate actual DY. Happy discussion.

“snowball88
Ahhh...now I understand where the confusion comes from....”

You are absolutely correct in an ideal calculation. Only problem is the RM0.05 DPS declared 12 months later; and the current calculation on corporate activity using past DPS figures. In your example given, the DY calculated after Bonus Ex will be RM0.1 divided by Rm0.5 equal to 20% (assume post Dividend payout recovered back to RM0.5). For someone looking up a few counters to compare DY %, it will be a misjudge. Therefore the “A trailing twelve month dividend yield, denoted as "TTM", includes all dividends paid during the past year in order to calculate the dividend yield” and any corporate exercise must be considered for the comparison…

“snowball88
@BLee,
Not sure I follow what you mean...but I kinda feel that your argument centres around changes to NOSH, so before we go further can you expand a bit on how NOSH affects the dividend yield calculation?”

Dividend Yield (DY) calculation depends on Dividend per share (DPS). If NOSH increased with the same quantum amount $ paid out as Dividend, the DPS will reduce in future Dividend payout. Therefore the highlighted previous statement ‘assuming the number of shares is constant’, implied NOSH is important in DY calculation.
During Bonus issue or Share Consolidation, the declared DPS for the last 12 months used in calculation did not take this increase or decrease NOSH into consideration. The share price will decrease for the Bonus issue, and will increase the DY value during ex. The opposite for Share Consolidation. This DY calculation will cause misleading info for comparison of counters DY vs Bank FD rates. To get a more accurate DY calculation, make sure no increase or decrease NOSH for the last 12 months as indicated above.

“snowball88
….Maybe you give an example to prove your assertion?”

It is a bit difficult to gather live data for DY value before and after any corporate Price/NOSH changes; but can try to illustrate by capturing some examples for the next few market days…
Example: RGT Berhad
Date: 16 June 2024
EPS: RM0.0028, DPS: RM0.018
Capital: 328mil, NOSH: 352mil, DY: 1.94
Source: klsescreener.com

If we look-up at another source: xxxxxwall.st/stocks/my/materials/klse-rgtbhd/rgt-berhad-shares/dividend (website Link deleted due to Fail to submit)

Date: 18 June 2024
Dividend per share: RM0.036, DY: 3.9
Earning per share: RM0.0029

Why the disparity? IMHO, different data has been used at different timing for the calculation. Below statement could be one of the reason:
“Trailing dividend yield gives the dividend percentage paid over a prior period, typically one year. A trailing twelve month dividend yield, denoted as "TTM", includes all dividends paid during the past year in order to calculate the dividend yield.”
Source: Wikipedia
As in the example given, RGT Consolidated 1:3 Ex on the 7 June 2024, the price adjusted from 0.305 to over 0.9.
I believed the DY value also adjusted (or will adjust later due to TTM) accordingly due to the price changes and DPS. If this DY used to compare with others counter DY for investment purposes, it can lead to misjudgement…
Next changes will happen on 25 June 2024, with a 1:5 bonus issue of warrants. I don't think the price will change much as the Adjustment of price will be very minimum for Warrant if any.
I am still learning and above write-up also for my own stocks selection criteria/caution; therefore Happy Trading and TradeAtYourOwnRisk.

“Thirai Thiraviam
@BLee:
> When Dividend…1) In Malaysia, we are no longer taxed on the dividends we receive, which I consider a good thing. I prefer to have the money in my bank, instead of it being merely reflected as a paper gain in the company’s accounts.”

The purpose of investment in other instruments rather than keeping $ in bank is to beat bank interest rate and inflation rate; therefore the discussion on DY..points taken on items 2 and 3.

“snowball88
@BLee : just my humble opinion but I think you are also confusing bonus issues with DY. Share options, Bonus issues, Dividends...all these are just different instruments…”

Yes, it is just a different instrument; but NOSH is used in DY calculation. As mentioned earlier, it is just a barometer to compare companies given out Dividend; it is irrelevant for companies that don't. I have purposely changed the question to DY as I personally feel DY is good to compare with FD rate; but unlike to compare Dividend per Share of each stocks as it will be a different yardstick.
In the formula, NOSH changes can affect the DY value quite substantially vs earlier declared Dividend; therefore just to caution also to view any Bonus, Rights, PP and even ESOS issues to take DY as a comparison…just my thoughts.
Happy investing and for sharing purpose only.

“snowball88
Seriously though...is there such a thing as 'negative dividends'?????...share dilution, care to share your opinion on that?' ....”

Good question. Similarly, how about ‘positive Dividend’?
When Dividend goes ex, the share price drops by the same amount, is it positive or negative??
IMHO, it is just a ‘Zero's exercise, any profit made is declared as Dividend and given out to shareholders with $ deducted from cash flow ‘reserve’.
Dividend Yield (DY) is just a ‘barometer’ indicating Price vs Dividend i.e. fluctuation Price increase or decrease vs a declared fixed Dividend for the period.
For example, if a company gives out a 1 for 1 bonus issue, the share price will be adjusted by half, how will the DY ratio be at that particular moment??
From Wikipedia, “The dividend yield or dividend–price ratio of a share is the dividend per share divided by the price per share. It is also a company's total annual dividend payments divided by its market capitalization, assuming the number of shares is constant. It is often expressed as a percentage”, therefore DY calculation will be adjusted with respect to the right moment ‘the number of Shares is constant’ bear in mind the Shareholders holding shares also increased correspondingly…
So a dilution will be perceived as a ‘negative Dividend Yield’ ??
Happy Trading and TradeAtYourOwnRisk