augusaugustin1

augusaugustin1 | Joined since 2020-06-01

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2023-01-05 11:24 | Report Abuse

heard that pariah eddie ng lost lots of money in the stock market and now he is selling down his shares to cover big holes

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2020-10-26 11:26 | Report Abuse

ya la, terence775 if you don't know shut up your mouth and keep quiet, maybe mohdaminsabu is correct and he is the guru of the gurus..... hahahaha

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2020-06-01 15:27 | Report Abuse

You can ask these questions during the AGM and let them to answer these questions

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2020-06-01 10:51 | Report Abuse

Let me share with you some insider stories regarding to Revenue Group of Companies.

Obviously based on current market situation, their core business terminal rental and merchant fee income are affecting their bottom line. The 3-owners have to look for other source of income to sustain their share price and therefore keep on buying new profit (using shareholders fund to buy up new companies) instead of building and taking care of their existing core business.

Previously I'm working in Revenue Harvest and notice that the management team is creating politics among themselves. Especially a few of the senior management staffs are not focusing in building the business instead of watching the REVENUE share price up and down everyday. Worst is, the senior management staffs clock-in in last morning and disappeared after lunch time. Moreover, they will drink and drink every evening by claiming company expenses, if you're one of the shareholder, do you like such management team?

Few months back, this company had used shareholder's fund to make a purchase of 20K++ EDC terminals (cost about RM15Mil++) and now all terminals are stuck cannot move. Obviously this company will go bankrupt very soon and recently CIMB is also selling their shares and see no potential in near future. Better don't get greedy with this counter and the owners are even more greedy. This is my 2-cents of words.