How many of you managed to cut loss yesterday & this morning? Last call before more contra players also try to start exit tomorrow & Friday.

Everyday got shareholders throwing 10,000 to 100,000 lots @ RM0.10 - RM0.105 thus giving the impression that VC shareholders are weak financially, desperate to exit by selling just to raise RM1,000 - RM10,000 . Hopefully the selling will eventually dry up and in the hands of more financially strong shareholders who are willing to hold longer term, thus reducing VC free float

Yesterday afternoon & this morning gave you guys who are trapped the opportunity to cut loss & exit. How many of you took it? If got smoke there must be a fire nearby

I am sure KPMG would have deliberated carefully the consequences of their action before doing so since Serbak is not a small company with EPF being a substantial shareholder. KPMG would not wish to tarnish their reputation. Going forward best to be cautious & wait for more clarity.

You are absolutely right Tang Khangseng. Hibiscus needs to allocate funds of RM303M for decommissioning costs. Hibiscus has cash & bank balances of only RM109M which may not be enough to cover even the decommissioning costs So where are the internal funds for the Repsol deal going to come from?

Director now also selling. Be extra careful

Slowly coming back to reality after all the excitement. Must show profit first to justify the optimistic projections

What VC needs is another financially strong substantial shareholder who will mop up the shares and hold to reduce VC free float. If this can happen VC will fly. Cutrently weak shareholders are selling everyday small amounts at between RM0.10-RM0.105

You are right Wong Yi Ming. Sanichi financials statement looks clean. The other factors that also needs to take into consideration is the revenue. VC last quarter revenue is RM46M Sanichi revenue RM4M VC NOSH is half of Sanichi. The other factors that also needs to consider is of course who are the substantial shareholders in both these companies as well as market perception, sentiments, reputation & company track record. Best of luck to you in your investment

If you take sometime to read VC financial results you will realise VC has cash & cash equivalent if RM50M at the end of the financial year. Total assets is RM318M whereas total liabilities is only RM139M Term loan is RM48M which can easily be settled from recent RI. Last year conversion of ICPS raised RM55M. Those who converted their ICPS have paid so much for the conversion. I believe are still holding their shares. VC current financial position is now so much stronger than when it was at RM0.025-RM0.03 last year. Crazy for people to keep selling at RM0,10-RM0.105 as if VC is going bankrupt & to value VC in the same category or even lower than some PN17 companies.

Looks like sell on good news. Don't chase. Patience. Wait & see what happens next couple of days as more information emerge

Let’s see how Hibiscus open tomorrow. Best of luck everybody

Thanks for the information izoklse. It is assuring that the funding will not be via RI, PP or ESOS. I hope the funding will be by way of bank financing because if convertible preference shares can also mean dilution of capital some point later in time. Hibiscus may be hard pressed to use internal funds as its liabilities currently is around RM1.3B

The profit forecast for Hibiscus seems too good to be true. If indeed that good why would Repsol want to sell and cash out. To buy Repsol stake is no small sum. Is there anywhere in the press release or report how Hibiscus intend to finance the purchase of Repsol stake? If more PP, RI, ESOS shareholders stake will be diluted.

Many who are “ trapped “ at RM0.11-RM0.12 are using this opportunity to cut loss probably without realising VC fundamental & financial standing being swayed mainly by current pooor market sentiments

For those of you who are worried of VC financial position please take note that VC debt to equity ratio (30.2%)should be considered satisfactory & VC has sufficient cash runway for more than a year based on its current free cash flow which is good. Don’t simply cut loss & sell cheap. Buy if you have the funds

Peace99, Those who sold at RM0.10-RM0.105 would have cut loss perhaps in need of funds without studying VC history & financial reports. At some point in time VC needs to rebound to unlock its value. VC has a history of moving up very fast to be even the most daily active stock. Have patience & you will be rewarded handsomely. Study VC announcements last year & you will get the picture

When compare VC annual results this year with last financial year VC is doing not too badly The losses this year is (RM11,361M) compared to last year (RM12,419) Total assets is now RM318,246,000 compared to RM266,358,000 last year. Total liabilities this financial year is RM139,319.000 whereas last financial year total liabilities was RM145,520,000. NTA is now RM0.5363. Last financial year NTA was 0.2509. VC is undervalued at current price of RM0.10 which is only RM0.025 prior to share consolidation when VC financial standing in now better. Do not forget going forward for 1st qtr next financial there will be an injection of RM57M from RI. At RM0.10 VC is only 20% of its NTA

Those who bought yesterday again cut loss? No holding power don’t buy VC . Not the time for speculation & contra players

At RM0.105 VC market capitalisation is only RM70M. RI injected RM57M into VC coffers. VC 3rd Qtr results current assets RM283M Current liabilities RM138M If VC have no future CSY will not subscribe for 102M RI & pump in RM17M

Too undervalue to ignore. At this point in time VC, VC-WB & VC-WC are not for speculation & contra players. Cannot hold don't buy

Anybody who sells RM0.10 or RM0.105 (unless lucky to buy at RM0.10) sure lose money already. Cannot short sell to buy back. No volume. Buy

VC at RM0.12 is equivalent to RM0.03 before consolidation Now with injection of RM57M from RI VC should now be in a better potion financially than in March 2020 when VC was trading at RM0.03 With an additional RM57M under its belt not to mention the earlier additional 2PP which raised another RM13M does it make sense to value VC at the same price of RM0.03 before share consolidation? Not only that to prevent NSK foray into VC last year there were substantial conversion of VC PA to VC which means additional injection of funds into VC. Need to look at the VC financial position and see from the point of value investing and not be sway by negative sentiments of weak shareholders who cut loss from subscribing to the RI

VC at RM0.12 is equivalent to RM0.03 prior to share consolidation. Those who have bought at RM0.025 last year would probably have sold already. Doubt anybody selling at RM0.12 is making a profit. Those selling at RM0.12 only cut loss. How much more can press down VC price. to buy back cheap to make profit? Will be ridiculous if VC market capitalisation is excessively below its cash pile & tangible assets which will attract a hostile take over.

For those of you staying at Penthouse 17 -28 floor please take note CSY 102M VC & 82M VC WC are in account of Kenanga Nominees pledged securities. I presumed will probably have to pay some small financing charges & possibly margin call if VC price dropped too much. Cannot afford this to happen.

The last time there was a massive sell down of VC was in Jan/Feb 2020 probably due to margin call. Since now no directors are substantial shareholders other than CSY there should be no forced selling by directors VC has short t term investments, cash & bank balance of RM52 as per latest financial results. With the injection of another RM56M from RI, VC should be reasonably strong financially. No reason for so much negative sentiments. VC will rebound when it becomes too undervalue to be ignored

Hare are some facts & figures for you to consider
1’ VC NTA is RM0.37 Good value @ RM0.135-RM0.14
2. VC short term assets RM283M exceeed short term liabilities RM 138M
3.VC has sufficient cash runway for more than a year based on current free cash flow

Who got so much VC to throw at RM0.135-0.14? No directors other than CSY are substantial shareholders. Sell at these prices sure lose money if subscribed to RI . Borrow money to subscribe to RI & excess shares and now need to cut loss to pay back borrowings?

Buy VC-OR @ RM0.005, subscribe RI @ RM0.17 sell VC @ RM0.14, VC-WC @ RM0.025 where got HUAT? Cut loss kaki

If seriously want to goreng warrants I feel VC-WB is one of the easiest to push up because NOSH is only 18M Price still cheap below RM0.10 which translate to only RM0.025 before share consolidation.

CSY will not simply pump in RM17M for RI.

VC fundamentals better than MMAG with even less NOSH. Now with money from RI VC price should’ be close to MMAG if not better since VC NTA is RM0.37

Got money can buy VC WB & VC WC. VC WB NOSH only 18M & VC WC maturity 2026. VC-WC cheap @ $0.025 One day sure to goreng.

Buy VC OR @ $0.005 subscribe RI que to sell VC @ $0.15 & VC-WC @$0.025 Where got untung?

According to the Black Scholes model fair value for VC-WB is RM0.14

A take over at RM0.35 is possible as it is still below VC NTA . Gross value for the development is RM345M. Will also have VC money lending biz and RM50M+ inflow from the RI

Those of you who were in this Chat group in December last year may recall that I told you guys my concern that Fintec may drop like what happened back in 2017 after RI & share consolidation. Looks like a repeat of what happened in 2017 with Fintec now trading at RM0.045. Will not be surprised if another share consolidation will be announced soon.

RI subscription results will only be announced 21 April

Those shareholders who may have insufficient funds or do not wish to inject additional fresh funds don’t mind selling at RM0.16 & take a slight loss & top up to buy the RI to recoup their losses from the free VC Warrant C

Some shareholders sell VC at RM0.16, top up RM0.01 to buy RI @ RM0.17 & get free VC Warrant C on assumption the warrant will definitely be valued at more than RM0.01. Those who have the funds are buying in @!RM0.16! In anticipation when RI listed VC will appreciate because now at RM0.16 is only equivalent to RM0.04 prior to consolidation which is cheap.

DGB ED TSE is MD of Fintec. DGB, XOX & Fintec I believe are all interrelated

Use this opportunity to cut loss & get out. If AT serious in building glove plant in Taiping needs to raise a minimum of RM200M or more for a 60 production line which means more PP, SIS or share consolidation follow by another RI

Didn’t know Sonickid & DannyBoy missed Stockiss so much. Ha Ha I remember too how Stockiss defended AT and put down all our comments. I hope many of you have not re enter AT. Even at today’s price of RM0.095 with market capitalisation of RM402M it is still over valued in my opinion. May still have an issue raising the necessary funds to build the 2nd glove plant at Larut Matang with 60 production lines & an annual capacity of 18 B gloves given current market sentiments. Trade careful going forward my friends.

Those of you in this forum may recall back in Dec 21, 2020 I told you guys Fintec after share consolidation & RI in 2017 Fintec went all the way down and I was afraid the same thing may happen after Fintec RI in Dec last year. Looks like a repeat of 2017 with Fintec now at RM0.055. This time it is worst because Fintec NOSH has ballon to 3,444B

My feeling is VC price is purposely depressed to panic weak shareholders & for some party to collect cheaply before being push up later. CSY is committed to subscribed for minimum 65M RI and pump in RM11M Do you think CSY will put in another RM11M just to lose that money?

Please read VC announcement abridged rights prospectus. Stated fair value Warrant C as RM0.1446 Assuming if you subscribed for 500,000 VC RI you will get 400,000 VC Warrant C Instead of the fair value of RM0.1446 as per prospectus let us just assume the price is just RM0.10 the value of the free 400,000 VC Warrant C will be worth RM40,000. Can somebody in this forum reconfirm that this is correct. Thanks

The PP 109M @ RM0.073 on 29 Sep 2020 & 130,879,700 @ RM0.046 on 8 Jan 2021 should
have qualify them as substantial shareholders theoretically unless they sell off immediately and cease to be substantial shareholders. Unsuspecting retailers who bought from the PP holders may be financing VC operations indirectly as the PP purchaser would have got back their investment possibly with a slight profit

You are right jt18. Next 2 weeks are crucial. Will decide whether to subscribe for the RI depending on VC price. No point throwing good money after bad. There are so many other KLSE companies for us to invest. Nobody wants to subscribe for the RI to lose money unless of course there is a fair chance of a reasonable return.

Those who subscribed to VC previous RI in April 2019 at RM0.15 (Ratio 1:5) would have lost their shirts & pants when VC plunged to RM0.08 in Feb 2020. Lost even more with share consolidation 1:4 Am sure this memory still very fresh in the minds of many shareholders. Now asking us to subscribe for even more RI when VC is only at RM0.18 with RI RM0.17. Will we see another repeat of previous RI history come December 2021? The free VC WB given to those who subscribed to the previous RI are not enough to cover the lost in value of VC with the share consolidation. Apart from CSY I don’t see any enthusiasm from the other EDs & MD to become VC substantial shareholders & subscribe for the RI

HLIB TP RM0.61 which means WCT fully priced. Any improvements accordingly to report will be end Dec 2021 which means Feb 2022 before results are announced. Better to wait & see how the year unfold since now already fully priced in.