Look like temporary bottom is forming. Let's hope it is share price manipulation not company health n financial scandal that cause the downfall. I wonder why they paid tons of money to subscribe to the rights at 90 cts n let it free falls. Please share. Is it some sort of margin call. Personally I like this counter. Imagine 885 per 1000 shares to own its licensed insurance business.

@Kser thanks for your info.

I just read the qr and there is other income of 8.5 m(comprising debt n insurance etc). The profit of 23 m minus 8.5m equal only about 14.5 m.

Market is bleeding n good news are often not factored in. It is interesting to read your take. If we can reason it out rationally,it will be very helpful indeed. Thanks.

Some reasons make it worthy of attention :1.it has 400 m in its coffer. 2.it has right of reinsurance business 3.its business is almost recession free. Its drawback is team of people working who lack dynamic n dedication. With pH government it may change. What is your take?

Many would like to thank you for the link, David.

David, many would like to read your link. Thank

Such huge capital outlay n the profit is kacang puteh. Initially hap seng invested, is it to lure innocent investors n it portray there is gold for eazy picking. Could it be a veiled gold scam? Investors lost millions here.

The result show slight drop n it may herald better results going forward mainly because its coffer now has 400 m right issue money. Another development which we all waiting will new pH government may take serious look at it as it has tremendous prospects n the existing management is very lethargic n anaemic.

I placed order at a slight low but they refused to sell u. It is a tightly held stock.

In my opinion, there is still some upside as the major shareholders still in the great negative territory. Please share your take.

Big shareholders still need to push it up to recoup some profit to lessen big loss result of its price adjustment after its right call. Your take?

They are playing with the shares. Imagine u buy 450 and it is controlled to give u no chance of buying 400.When it went up yesterday and the buyers are 450 and u have no chance of making.

On 31 influx of right issue will flood the market and there will be adjustments of price and let see how low it can go and it may present buying opportunities. In my opinion it should not touch 900 as the big shareholders got to support to save their skin. Your take?

With such market conditions it still sustained, showing investors perception of this is positive. Hopefully it appreciate.

Over subscriptions of 40% of rights. With this market condition and big amount issue the price is restricted in price but it is worth the wait.

23 Oct will be the announcement of %for the application of right issue and 31is the listing of all the rights. We all can assess the price movements and anything below 1000 is a bargain. Your take?

Should accumulate because it is very cheap.

It is not possible to make at this price. To qualify for the rights u need to buy OR or mother share & u add up the cost & it exceed this market price.

It is the first time I notice the no of sellers exceed no of buyers at these low prices.

What happens? Please share?

This counter has been on its down trend since August and wonder whether it has reached its bottom? Bearing in mind its asset mainly around Penang. Your opinion pls.

Payment & acceptance date 17 Oct & from now on it is consolidating & slowly building up its over depressed price which is bad for our big shareholders.

This counter issued massive right issues to raise fund to venture into gold mining. A few years has passed and I don't see any substantial harvest and it puzzled me and a disappointment.

Now it is in the process of right issue, it won't jack up the price to facilitate investors to sell to buy the right. It is my guess.

At current market environment it worths more than 1,000. Macro & micro factors considered. One added advantage is the new government which is actively pursuing value for glc to meet debt burden.

Bukit Ibam natives demonstrated against gold mining there because it disrupts the water catchment.

Has this counter find its bottom?

Ladies n gentlemen, the quarter result is out and it incur a loss of 6.7 m n with current bearish market it will prompt selling. It is just my opinion. I can be wrong.

Thanks for your information

Thanks firebaby.

Thanks firebaby. Dato Wong got any political inclination? Any way I am now in Croatia joining Singapore travel package but still worry about this counter's fundamental n Future.

Firebaby, one - point is this stock has Iris shares n joint venture with it. What is your opinion on our CEO and the future of Versatile? Should we hold or just dispose. Thanks

My friend also kept on telling to hold. Or buy.l trust him so much.Now suffer.

Firebaby I also got stuck at 80++. My friend kept on to buy n to hold.

Recently its directors said its revenue will increase marginal double digits n Dato Wong said he will buy back the shares when there is opportunity.Its quarter result is due anytime now. There was a gain of disposing Iris shares. Its low price n impending better results may prompt buying by Dato. My prediction only.

Firebaby, thanks for your response. It is a tightly held stock. It has its own agenda. lt is very low though not fundamentally. It creates opportunity for directors to collect. Once they have restructure enough they will jack up. But the process is painful for small investor like me . Correct me if l am wrong. thanks

Would like your comments on its latest announcement that their directors like to deal transaction after market close. I have this stock n it dropped very drastically with no rebound in sight. thanks

Your comments on this counter's fundamental. thanks

Any gentleman like to share your take on this counter's fundamental? Thanks.