"TheContrarian > 15 minutes ago |
Insas is the case study of a value trap."

@TheContrarian, very good observation. Bottom line, value trap or not, there is still $ to be make provided how low to buy back and how high to sell... Selling 50% is a good strategy at this point of time, selling 90% is good if it drop back below a Ringgit. TradeAtYourOwnRisk

"(if we have more smart contestants this year like Blee or Speakup who wanted to fight to get the last position so as to win OTB's free Rm1K subscription fee )"
My selection based on P/NAPS during year 2023 speculation didn't turn out well..not too smart at all. Please allocate the prize to Speakup as if getting the prize is his intention. TQ

Hi Mr.Tan KW,
My Stock Pick Contest for year 2024 (I am last as at Nov 2023 for year 2023) as followings:-


1. Insas 10%
2. MFCB 10%
3. Public Bank 20%
4. Bumi Armada 20%
5. AncomLB 20%
6. Axiata 10%
7. JAG 10%


Thanks

@TCH1186, give you a 👍. Spot-on on today up movement at today last hour trading.
TAYOR

"@whistlebower99

Huge profit for this quarter. Where does it come from?

Quarterly rpt on consolidated results for the financial period ended 30/09/2023 | https://www.klsescreener.com/v2/announcements/view/5977773"

@BLee: The answer can be found at the Extract from Latest QR ending Sept. 2023
"Portfolio investment:
This segment reported a profit before tax of RM36.50 million in current quarter ended 30 September 2023, improved by RM62.45 million as compared to loss before tax of RM25.95 million in previous
year's corresponding quarter ended 30 September 2022, mainly due to mark-to-market profit of RM35.82 million in the Group's strategic investments in current quarter as opposed to mark-to-market loss of RM26.82 million in previous year's corresponding quarter."

Caution: As this make-up of a partly full report, please read the whole report for a better understanding of the group's financial standing.

I am stuck for months at RM0.005 for both mother and ICPS, poised to recover my investment, hopefully as this counter very much depends on market direction… Happy trading and TradeAtYourOwnRisk

I am both a flipper (share investment only) if hit my target of 30% within a month or long term investor if drop below my investment cost (my ICPS investment instrument; promotional and not recommendation)..Insas is my long term investment although already recovered my investment cost. In term of dividend, MFCB is better, not the best. Hope against hope. I like Yinson business sense so far, but cannot stomach the OnG risk as written earlier..one man meat is another man poison. TradeAtYourOwnRisk

Good Morning and Happy Diwali/Holiday to all, as I am holding Insas, MFCB and got some experience in OnG, would like to give my two sen on this three counters.
- Insas is like running a marathon, will give up if no stamina and endurance. I really don't know when can I collect my medal? I sold off 80% of my holding during last rally after cashing out Offer Rights..my balance of 20% become free holding.
- MFCB is like putting cash in FD; hoping interest rate will move up. It is giving dividend twice a year without fail so far. It is not as good as investment in property if the property is in a growth area; just like investment in suburban areas..
- Yinson is like my investment in ICPS (promotional; investment like buying Big Small, only will not lose all). FPSO investment is very risky as the return very much depends on many factors such as unknown hydrocarbon data, equipment reliability and human factors..that is the reason each of FPSO consider as an investment entity. Re-use of FPSO in another hydrocarbon field requires a lot of adjustment to fit in the field landing pressure, impurity content, technology advancement, clients requirements and many other factor; as good as scrapping the FPSO due to ageing..
Please feel free to correct me, I am on holiday mood and open for a good discussion.
Happy Trading coming Tuesday and TradeAtYourOwnRisk

One important info reported in AR2022 to digest:

"The Group however, posted a loss before taxation of RM 102.19 million due to the higher operating expenses attributable primarily to the non-cash impairment accounting adjustments on assets such as other receivables and goodwill on acquisition during the financial period under review. These adjustments were reflected based on management’s fair assessment on a subdued economic outlook in the near future on prudent grounds.
Without all these non-cash accounting adjustments, the Group would have reported a profit before taxation of RM90.42 million on the back of robust revenue contribution from the trading of construction materials, these however was mitigated by a higher depreciation as a result of acquisitions of fixed assets during the period ended 2022."

Recovered most of my 'paper loss' as I have been collecting AGES-PA at 0.005 before suspension; happy trading and TradeAtYourOwnRisk.

In real investment scenario, I have been collecting counters at the lowest bid of 0.005 (ICPS) and some blue chips counter (TNB and PBB); hardly losing any money. Keeping my fingers crossed my ICPS investment won't consolidate and trade below the consolidated price..and losing money!!

Posted by speakup > 7 hours ago

"top 3 and last 1 get FREE 1 YEAR OTB Subscription
that;'s why I pick the worst stocks to purposely be last"

Not to worry, BLee won't and not interested in accepting any prizes; join just to see how my speculative selection will perform..I will abstain from any offer if still last by year end. Tq

@investor2021trading>....U mostly worrying about shares consolidation which i find by now it's not going to happen!..

BLee: I am NOT worry on Consolidation as shown in one of post below:

"Stock: [FOCUS]: FOCUS DYNAMICS GROUP BERHAD

2022-04-20 10:31 | Report Abuse

@Icon 888: U punya turn consolidate .. all PPl die la

@kenie: CONSOLIDATION SHARES

16 minutes ago

BLee: Agreed with bro @Icon 888, PP will bring down Focus D..Should be No Problem with Consolidation as NO dilution involved. Fingers crossed, there should be no PP unless a new business proposal for sucking new investment. Focus D is still cash rich and last quarter of operational profit roughly RM20MIL.
Happy Trading and TradeAtYourOwnRisk"

@investor2021trading>Focus-WD is different from Focus-PA as it has a conversion of 10:1 whereas d warrant's r 1:1 at a bottom price at 0.005

BLee: Yes, it is different. Focus-PA at 0.005 x 10 equals 0.05 to convert to 1 mother share and auto convert upon maturity. Hopefully by then worth more than 0.05. To convert Focus-WD, you need 0.90 cash..
Agreed "not wise to convert d PA or WD! not wise basing on current mother price or conversion rate! just buy for any price increase!"
Happy Trading and TradeAtYourOwnRisk

@investor2021trading> Focus-WD can buy as they r so cheap (bottom price 0.005) n expiry date on Nov. 2025! Im optimistic Focus fundamentals will improve by d time warrants expired! If u hv money to spare, why not! no more price drop n no headache of investment losses in this volatile market! just buy n keep n sleep well!

BLee: Agreed on "so cheap (bottom price 0.005)" and "Focus fundamentals will improve". So is Focus-PA if can get at 0.005 (my apologies for sharing your WD post as I am heavy on Focus-PA; nevertheless both of us on the same page on the mother share!!). Let's see how my "'Rubbish and Toilet Paper" collection "as hv money to spare, why not! no more price drop n no headache of investment losses in this volatile market! just buy n keep n sleep well!"
Happy Trading and TradeAtYourOwnRisk.

@justinyeoh:>Bad news they are going to face more cash flow issue and myeg will continue to intact until 2026.

BLee: Quite true as one more year added to the contract; profit if any will be spread out further. I think that is the reason 80% of the contract/holder was encashed to raise $ for further project financing. Judging from the few good news recently, the sale of this 80% should go through.
Hope no more hindrance, TradeAtYourOwnRisk..

Very details analysis; and over a very wide spectrum for the comparison. As per the tabulation for properties in Penang and development near SG, it seems a good investment for high rise compared with other places listed. Excellent article...

Not many entrepreneur can make this commitment..
***“Can you guarantee 100MW in 100 days?”

Musk responded: “Tesla will get the system installed and working 100 days from contract signature or it is free. That serious enough for you?”

To the astonishment of many, Tesla succeeded, and today, almost seven years later, that battery and more like it have become central to a shockingly rapid energy transition.***
This really a great contribution to a more environment "Green World"...

"Michael R.>Anytime... Bear in mind renewal of roadtax is still not handled online.. pls correct me if im wrong.."

Partly correct, as there are many choices which I found during the last 2 years MCO.
Before MCO, I just let the original car service agent handle my insurance and road tax. Due to restriction of movement during MCO, I have renewed my 2 cars insurance thro' 2 different eWallet offering.
For my newer car, I saved around 1.3k inclusive with delivery charges as I can choose the insured value with an option of few insurance packages. Later on, the second eWallet gave a better rebate package, I saved close to 0.5k for my old junk insurance and road tax..I am not promoting any particular ways of road tax renewal, therefore not naming the eWallets, only sharing choices to save money in this tumultuous financial crisis.

"KUALA LUMPUR: The government does not intend to review or restructure projects implemented by the previous administration, the Economy Ministry said.

In a written reply posted on Parliament's website today, the ministry said all projects would continue to be implemented in line with the procurement procedures that are profitable to the government."

Does this include NIISe project, or does it still have to wait until next month??

News as per link:
https://www.nst.com.my/news/nation/2023/03/889946/govt-does-not-intend-reviewing-projects-implemented-previous?utm_source=nst&utm_medium=mostpoplatest

Happy Trading and TradeAtYourOwnRisk..

"Bettyem> Don't think it has any bearing considered Iris having sold project in advance for the cash and price already discounted by market."

The problem is "bad news" sticks longer in mind than "good news"?? Prices are always reacting (falling) faster for any rumors/bad news?? People tend to ignore the latest QR performance and proven track record especially NEC is part of this "sick" project progress?? Iris still holds 20% after the transaction..so time will tell the right from the wrong.

From TheStar "Govt cancels RM1bil NIISe contract with IRIS Information Technology Systems
NATION
Saturday, 11 Mar 202312:57 PM MYT…According to sources quoted by MalaysiaGazette, the company had been facing delays in completing the project."
and 11 hours later..again from TheStar
"NIISe project: Company to know its fate in April, says Saifuddin
By ALLISON LAI
NATION
Sunday, 12 Mar 202312:00 AM MYT"
Link: https://www.thestar.com.my/news/nation/2023/03/12/niise-project-company-to-know-its-fate-in-april-says-saifuddin

Lesson Learnt: Only read News from known "Source" and NOT from According to sources. Happy Trading and TradeAtYourOwnRisk(Source)

"@anisayob>Sabarlah…"

Sabar tunggu durian runtuh..
Bila? Bulan August?
Nanti ada RM70 Juta masuk..kalau jadi.
Butiran dalam bahasa Inggeris

"The salient terms of the SSA are set out as below:
3.4.1 Payment Terms of Disposal Consideration
The Disposal Consideration shall be paid by the Purchaser to the Company in the following manner:
(a) A sum of Ringgit Malaysia Seven Million (RM7,000,000.00), equivalent to 10% of the Disposal Consideration upon signing of SSA (“the Deposit”);
(b) A sum of Ringgit Malaysia Forty One Million One hundred Twenty Five Thousand (RM41,125,000.00) within 3 months from the date of SSA (“Tranche 2 Payment”);
(c) A sum of Ringgit Malaysia Twenty One Million Eight Hundred Seventy Five Thousand (RM21,875,000.00) within 6 months (“Completion Period") from the date of SSA (“Tranche 3 Payment”)

The Company shall at the request of the Purchaser grant in favour of the Purchaser an extension of three (3) months from the expiry of the Tranche 2 Payment and Tranche 3 Payment respectively, subject to a late payment interest of five per centum (5%) per annum calculated on a day to day basis from the day immediately following the last day of the Tranche 2 Payment/Tranche 3 Payment until actual full payment thereof."

Ada video Mandarin dengan sarikata Inggeris boleh dapat penerangan IRIS agak menarik, link: https://youtu.be/JsVVhPT-fH8

Happy Trading and TradeAtYourOwnRisk

"DickyMe> Goodwill value is just a number plucked from thin air."

Agreed, Goodwill is hardly measurable, most likely used to clean up the account "skeleton"..both negative or positive. As mentioned, "no material impact to the cash position". I am more worried about the Reversal of Bargain Purchase; what does it really mean? Is it paper loss which can be recovered when the Bargain Purchase improves?? Happy Trading and TradeAtYourOwnRisk

A very good read, there are more reason beside this 3 reasons. On the hindsight, there are also some reason to stay, for example cheaper housing with comparatively bigger space and affordable sumptuous food. It all boil down to personal decision...

"StartOfTheBull> Obviously, now it is very risky to invest in Iris."

Agreed, it is very risky as so many 'unconfirmed sources of news' are flying around. It is better to rely on official announcements…new news in below latest link?
https://www.businesstoday.com.my/2023/02/16/iris-corp-says-it-won-niise-tender-fair-and-square/

- In its defense, IRIS states that it has a successful track record of delivering IT projects to governments domestically and internationally including in Canada, India, Guinea, Nigeria, Senegal, Solomon Islands, and Tanzania for more than 20 years, and has consistently met its financial obligation based on prudent financial practices.

- It also stated that it has achieved meaningful progress in the NIISe project but is unable to disclose further information due to confidentiality obligations.

Happy Trading and TradeAtYourOwnRisk

"newtrader1989> Yes you are right they had a big loss in 2017 which is still not recovered

To be exact, they had a big impairment, details as below:-
- Impairment of goodwill - RM(17,153k)
- Impairment of intangible assets - RM(10,683k)
- Impairment of plant and equipment - RM(55,208k)
- Impairment of investment in an associate - RM(227k)
- Impairment of financial assets - RM(7,055k)
- Impairment of trade and other receivables - RM(170,815k)

Total Impairment - RM(261,141k)

It is for the group's corporate restructuring plan. More details at link:
https://www.theedgemarkets.com/article/iris-reports-massive-4q-loss-due-oneoff-impairment

How successful is the group’s corporate restructuring plan?? The answer is still hanging in the air??
Happy trading and TradeAtYourOwnRisk

"Peace99 > @BLee, Just wondering how the figure gain 7.22 mil comes about. Is it possible to get this number out of the other figures in the announcement?"

Hi @Peace99, I am also wondering how this RM7.22 mil projected profit calculated as book value and expenses won't be known until a certain cutoff date?? I presume this RM70 mil minus all the known obligation and book value will be the projected profit; bear in mind the Shareholder’s Advances of RM33,404,859.53 shall be waived and/or written off in two (2) stages subject to and only if payments towards the Disposal Consideration are made by the Purchaser to the Company. Therefore it seems NOT a clean RM70 mil cash into account balance sheet?? All these details can be found in the announcement attachment..

https://www.klsescreener.com/v2/announcements/view/4316567

From the attachment of above link, info summarize for IITS as below:-

- As at the date of SSA, the total issued and paid-up shares capital of IITS is Six Million (6,000,000-00) ordinary shares and Ringgit Malaysia Six Million (RM6,000,000-00) respectively.

- the net profits attributable to the Company and net assets value are RM0.48 million and RM37.50 million respectively.

- As at the date of SSA, the Company had advanced a total amount of Ringgit Malaysia Thirty Three Million Four Hundred Four Thousand Eight Hundred Fifty Nine And Sen Fifty Three (RM33,404,859.53) only to the IITS as Shareholder’s Advances, which forms a debt owing by IITS to the Company.

- Upon completion of the Proposed Disposal, the Company is expected to realize a gain of RM7.22 million in the financial year ending 31 March 2024.

Based on the above details, just monetize investment in IITS which is 'draining' cash flow with still 20% ownership and RM7.22 million gain. Other than that, it will most likely supply manpower to support IITS projects…up or down will be control by Mr Market, Happy Trading and TradeAtYourOwnRisk.

"blacksmith> Iris develop the system, for sure maintenance contract will be given to them also”

It seems the new info "adding" integration scope with Tabung Haji (proposed integration with Tabung Haji would help ease the processing of pilgrims) and "database with over 20 agencies in the country, including the police and National Registration Department (NRD)." could be additional work for Iris? I don't think Iris is "grabbing" others IT company business. It is an "open" market, for example TnG and Boost can do car insurance and Road Tax service; no more exclusive of a certain company. I hope all the companies can "think out of the box and reinvent their businesses; and prosper together".

Read an article and seen the interesting video of a retired couple on how they enjoying their retirement life!! I liked the part on how their properties pays for their expenses...The link:-
https://focusmalaysia.my/why-retired-banker-opts-for-slow-paced-luxury-in-penang-over-singapore/

"FortuneBull777 > I have to say investing is not easy! There's plenty of instant sifus who tell you they got rich through stock market, property and so forth!...Question is, how knowledgeable are you! Are you knowledgeable to invest in stocks and hit your target! Are you knowledgeable in property and become rich! Because without knowledge, you won't get there!"

How rich is rich? To me, 知足(satisfying) and not comparing with others richness will be the personal benchmark. We will always 活到老,学到老 (lifelong learning)。
Therefore, with knowledge, at least will be 'rich' in mind.

"ks55 > ..So whether having 2 million or 1 million is good enough for to live another 30 years after retirement doesn't make any sense. All boil down to your spending habit and your earning power/saving discipline/ability to generate passive income after retirement."

Totally agreed. How much we spend can be controlled but how long we spend is beyond our control; therefore input shall be equal output will be the ideal figure..time for my nice slumber as the cracker sound just faded.

"StartOfTheBull > Investments in Forex and commodities market, equities, properties are uncertain. Best investment is ourselves"

Agreed, investment in ourselves never ends, such as learning from others in this forum. But everything must be taken with a pinch of salt, as today knowledge might not be applicable for tomorrow…
For example, fossil fuel, although depleting, could be replaced with renewable technologies. IT technologies, from wired to RF wireless to optical to virtual to…all this within a few decades.

"stockraider > How much u need for retirement depends on your lifestyle loh!

The key to build wealth is to save much more than your expenditure, while u still earning income loh!"

Totally agreed, input more than output, the problem is how to get more input and less output? Everybody knows any investment return more than inflation rate will be a good investment; how about the risk factor? Is it the right time to buy properties with current material prices knowing prices could be twice in 4 or 5 years time? Investment in the money market will it be able to get twice in 4 or 5 years? The best will always be to get money to work for us? If we can answer some of these questions, we can easily get our millions for our retirement...

"Posted by ks55 > How to save 2 million?
How to save 1 million?"

Buying properties is a sure way to accumulate millions..
My parents' terrace house bought in early 1970 for 12.5k, now valued more than a million.
My present house bought 25 years later appreciated close to 8x..and it depends on location, locations. The problem is where to get another landed property if I cash out? I have to live in strata property..? For renting out properties, strata properties will be a good way to accumulate wealth..?
Shares investment is still a very risky way to accumulate millions. Just my opinion, might not be the best way to accumulate wealth, wishing everybody a very healthy prosperous years ahead..

"NEC Selected as Technology Partner in the Implementation of Biometric Solutions for NIISe

KUALA LUMPUR, 18 October 2022 – Leading IT and Network Technologies company, NEC Corporation of Malaysia Sdn Bhd (NEC Malaysia) has been awarded a sub-contract for the implementation of its class leading Automated Biometric Identification System (NEC ABIS) and Border Control Solution (e-Gate) by the main project contractor for Malaysia’s National Integrated Immigration System (NIISe), IRIS Information Technology Systems Sdn Bhd (IITS), a wholly owned subsidiary of IRIS Corporation Berhad (IRIS)."

This News might be outdated and seen by many. With the recent question of the status of NIISe, the project has started procurement, therefore unlikely NOT going forward…link as below:-

https://www.nec.com/en/press/202210/global_20221018_01.html

Happy Trading and TradeAtYourOwnRisk

@Just88 > 1 hour ago..
There are people who always blame others for their own failures. Why blaming others for their own decisions ? Why they even trusted someone totally unknown to them ?... Most people are here in i3 to take advantage of this platform to achieve their ulterior motives. Just a very few are truly sharing. So next time think twice before you decide to trust anyone in i3.

BLee: Hi @Just88, a very good comments. A Chinese proverb which I like to add:
zhī jǐ zhī bǐ , bǎi zhàn bǎi shèng
知 己 知 彼， 百 战 百 胜
This proverb advises: Know both yourself and your 'friend' in order to enhance your strong points and understand his weak points. That is the secret of victory.

I have had queries Mr.DK on his posting especially on the $ flow diagram trying to understand fully..I think most of the answer can be found in that diagram. Although Mr. DK had deleted this diagram, I think can still be found in some other duplicated (Jenny?) postings.

Happy Trading and TradeAtYourOwnRisk

Unlike Telephone line, there will be only one power grid in Peninsula, all others need to connect to this Tenaga Grid. Due to this Advantage, Tenaga will survive although with further development of RE...

Happy New Year 2023 to all who participated in this thread, Tenaga will survive, Calamities or not...Happy Trading

Chinese proverb "一种米养百种人" meaning same type of rice eaten/survive by hundreds type of person. Every word and article posted shall be taken with a pinch of salt, just for Food for Thought. Same as Sarcasm or Compliment, see how we accept and by who? Many thanks for all the posting, it has become part of my pastime hobby..Happy Trading

My investment in 2022 turn negative to positive due to last minute surge of Tenaga. Manage to offload some at RM9.63, TQ Tenaga for the year end bonus..

Hi Mr Tan KW, As per your suggestion on "Can please write a short comments. why you pick the stock?", my mixture selection criterias will be on P/NAPS, speculative (upside can be much much higher compared to downside) and safe stocks.

Ageson P/NAPS of 0.25, Speculative.
Vinvest P/NAPS of 0.28, Speculative.
Iris P/NAPS of 1.27 only meeting upside criteria. Speculative due to border opening worldwide..
JAG P/NAPS of 1.04, Speculative.
Insas P/NAPS of 0.25, safe stock with very low downside.
MFCB P/NAPS of 1.19, safe stock with very low downside.
Long term invested in Ages, Iris, Insas and MFCB.

Thanks for accepting my participation..

Hi Mr Tan KW, My Stock Pick Contest for 2023 (1st time participate) as below:-

Ageson 30%
Vinvest 20%
Iris 20%
JAG 10%
Insas 10%
MFCB 10%

Thanks for organizing this Stock Pick Contest.

How can a refinery lost RM10 million a day in Q3 2022 result?

A very good question, the question shall applied for Q2 result also, how can an old refinery EARN RM10 million a day in Q2 2022 result? What EARN on paper just contra back? Just FOOD for thought, Happy Trading and TradeAtYourOwnRisk

@Philip: Yes sir you are correct if you look at it in the short term.

But if you look at it from a long term perspective like insas if pe is low over the last 7-8 years what does that tell you?

BLee: Hi @Philip, the longer Insas at low PE with P/NAPS dipping further below 1.0, could mean the potential to break up becomes much stronger. If there is no catalyst, it is very difficult for Insas to break up, just a matter to be patient. I still hold some Insas shares after taking profit from the last RCPS issuance. Some shares give out good dividends, but the price will be adjusted with money paid out from the coffer. Only good shares will recover in price over time. Others might not, especially those with one off gain when disposing assets for cash..no particular counters as reference as no intention to offend anyone or take sides.
Happy Trading and TradeAtYourOwnRisk

Quote: "Maksud PE ialah kepercayaan orang ramai terhadap kebolehan syarikat tersebut untuk menambah penjualan dan keuntungan syarikat dalam masa depan.

Voww that must be a very new insightful definition of PE and should have won an economy nobel prize." Unquote

A very good article and good discussion.
My take: Is it a "Chicken and Egg" story or "double edged knife" balancing act?
PE - Price over Earning per share, if Price Up, EPS down, PE high.
If Price Down, EPS Up, PE low; most investors should know no necessary logic in the market?
The statement "menambah penjualan dan keuntungan" is just a positive statement whereby a growth company with increased profit will balance back the High PE if Price increase in tandem? What if the Price not increase? The PE will drop and vice versa if Price increases..The glove stocks is a very good example during this pandemic. It defied all logic as Prices and EPS fluctuated in big ranges..
P/NAPS is a better indication of stocks performance as Net Asset Per Share is more stable comparing to Earning Per Share; IMHO.

I also believed in "Newton's Third Law Of Motion
Statement: To every action, there is an equal and opposite reaction."
Every Action will have an Equal Reaction, so be moderate and will have equal moderate reaction. Tq
Just sharing for discussion purposes only, Happy Trading and TradeAtYourOwnRisk

@8899EL8899: …2 TIMES SHARE CONSOLIDATION 10 TO 1 MEAN 100 TO 1 SHARE CONSOLIDATION,........
CHEW YOU TO PIECES, UNTIL YOU ARE TOTALLY WIPE- UP,.........

BLee: Hi @8899EL8899, how true since NOT even once on consolidation 10 to 1 since 2013? Below are details of the historic Capital Changes:
Date: 20 Oct 2020
Rights Issue/Offer Price: (MYR) 0.0500
Ratio (New:Existing): 1.0000 : 1.0000
FREE DETACHABLE WARRANTS IN KAG ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED

Date: 12 Sep 2017
Entitlement subject: Share Consolidation
Ratio: 4 : 1 (not 10:1 as speculated?)

Date: 27 Mar 2017
Rights Issue/Offer Price: (MYR) 0.0500
Ratio (New:Existing): 1.0000 : 1.0000
FREE WARRANTS IN KAG ("WARRANTS B") ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT B FOR EVERY TWO (2) EXISTING KAG SHARES

Date: 6 June 2013
Rights Issue/Offer Price: (MYR) 0.10
Ratio (New:Existing): 4.0000 : 2.0000
FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF FOUR (4) RIGHTS SHARES TOGETHER WITH THREE (3) WARRANTS FOR EVERY TWO (2) EXISTING ORDINARY SHARES

As per details above, is it a 'bargain' at 1sen? Over almost 10 years, is it a consolidation of '2 TIMES SHARE CONSOLIDATION 10 TO 1 MEAN 100'? How about the gain from the Free Warrants? Is it true for other examples and NOT true for KAG? Time will tell, Happy Trading and TradeAtYourOwnRisk

@JJPTR: XOX pay $19.254m to buy up THERON,but also help pay $49.416m , for THERON debt. !!!!!!!!
so XOX cash gone to Theron via XOX HK deal?
NO REPLY TO SC !!!!!

BLee: Hi @JJPTR, I think you have missed the reply, replied in link: https://www.klsescreener.com/v2/announcements/view/3580963
Who will settle the debts? Answer as below:
"The Board of Directors of XOX Bhd (“XOX” or “the Company’”) wishes to further announce that:
1. Both the RHB Facilities of RM49,416,000.68 and Theron’s outstanding debts of RM44,318,000.00 will be settled by Theron upon completion of the Proposed Acquisition."
Just for clarification, no recommendation for this "risky" stock.
Happy Trading and TradeAtYourOwnRisk

@8899EL8899: THE RUBBISH BOSS SHAREHOLDING ONLY 6% NOW,.......IT IS ABOUT THE TIME FOR SHARE CONSOLIDATION,.......ANOTHER ROUND OF DUMPING, THEIR SHARE HOLDING WILL BE ZERO,.......

BLee: Hi @8899EL8899, how true is there any announcement of disposal until 6%? As per the last announcement of shareholding changes as at 10 Jan.,2022 is acquired by Director Roy Ho Yew Kee. The 7.354% holding could be diluted due to PP of 20% on 12 Apr.,2022.
Another round of dumping when the price moves North and buying volume increases? I might be dumb by not noticing the dumping? If it moves further North, I might be doing the dumping?
Happy Trading and TradeAtYourOwnRisk

@8899EL8899: BLEE,......DO YOU KNOW THAT MANY MINORITY INVESTORS BOUGHT LKL ABOVE RM1,.....THE LUCKY ONE ALSO COST 45SEN AFTER SHARE CONSOLIDATION,........HOW MANY OF THEM BOUGHT AT 25SEN,.......VERY FEW

BLee: Hi @8899EL8899, I didn't follow LKL and have NO intent to study the historic price. If bought at a much higher price, is it "pump and dump" stocks? Is it on the "pump" stage again? (definitely not for Fintec at half sen stage) Should "lesson learned and unlearned" can still be caught again? For investment in stocks, we should NOT enter blindly; just my opinion. Also have NO intention to defend any "defiance RUBBISH BUSINESSMAN RUNNING RUBBISH COMPANY !"
Happy Trading and TradeAtYourOwnRisk

@BILLC: So,,,,come next sinkalin will tell consolidation is actually very good to Fintech,,,,wakakaka,,,

BLee: Hi @BILLC, "sinkalin" could be neutral on consolidation as NO change in dilution…what happens in LKL NOT necessarily happens to any counter. So are any downturn counters that might NOT due to consolidation. All given are true facts and figures; it is up to the individual to analyze and TradeAtYourOwnRisk

@Musang King: Seeing LKL going up these few days give me much encouragement that Fintec will also go up one day.

BLee: Hi @Musang King, chances of LKL going up will has an effect on Fintec as Fintec holding "Indirect/deemed interest (units): 1,951,897,076
Indirect/deemed interest (%): 30.631" of Focus Dynamic Shares which in turn holding "Direct (units): 167,536,800
Direct (%): 17.477" of LKL shares.
Sources: https://www.klsescreener.com/v2/announcements/view/3422975
https://www.klsescreener.com/v2/announcements/view/3525617

Let's take from the consolidation point of LKL price of RM0.25 to RM0.465, a potential recovery of RM0.215.
Assume after consolidation, Focus Dynamic will hold 16,753,680 LKL shares and will have a gain of RM3,602,041. Fintec portion of 30.631% will be roughly RM1,103,341.
Fintec P/NAPS of 0.18 is very undervalued as shown in details below:
Friday 4th Nov., 2022 closing data:-
Market Cap: RM 30 Million
NOSH: 5,923 Million
Bid: 0.005 x 587,118,900
Ask: 0.01 x 36,906,000
T4Q NAPS | P/NAPS: 0.03 | 0.18
Just for sharing, Happy Trading and TradeAtYourOwnRisk

@8899EL8899: IF YOU HAVE BOUGHT KGROUP SHARE AT 1SEN,.........CAN YOU MAKE MONEY ?.......BELOW ARE THE EXPLANATION :-
1.........YOU BOUGHT KGROUP AT 1SEN
2.........SHARE CONSOLIDATION 20 TO 1
3...........RIGHT ISSUE 5 FOR 1 CONSOLIDATED SHARE
4...........PRICE THE RIGHT SHARE AT 5SEN,........NOT AT 20SEN
5............TO MAKE YOU NOT SUBSCRIBE TO RIGHT ISSUE,......THEY WILL HAMMER THE CONSOLIDATED SHARE PRICE DOWN TO 5SEN
6.............THE BIG SHOTS WILL TAKE ALL THE RIGHT ISSUE SHARE AT 5SEN
7..............YOUR COST IS 20SEN,...........THEIR COST IS 5SEN,........WHO WANT TO BUY FROM YOU AT 20SEN ?

BLee: Hi @8899EL8899, as per today's trend for LKL and Saudee, the above scenario is NOT the case. LKL after consolidation price of 25 sen, today up 14.5sen to 42sen. Another question, how much shares needed to release to "hammer down to below the proposed RI price"? Agreed that if we don't take up the RI or buy "the hammer down price", we will have losses in dilution…or if we don't sell the RI Offer Rights if we don't want to inject more capital. We must act accordingly to mitigate any dilution of our investment.
Happy Trading and TradeAtYourOwnRisk