Hi @mach10, no intend to lure anybody to invest, just defending my own investment highlighting my own view neutralizing some negative view.. Happy trading and my 'warning' always TradeAtYourOwnRisk
@Icon 888: Consolidation soon.. run for ur life 16/02/2022 1:59 AM
BLee: Hi @Icon 888, I don't think consolidation will be any time soon for the following reasons: 1.A controlling shareholder keeps increasing stakes.. Acquired above 5% on 18.01.2021. Changes in Director's Interest (Section 219 of CA 2016) - MR ROY HO YEW KEE https://www.klsescreener.com/v2/announcements/view/3294927 Recent increased stake on 10.01.2022. Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR ROY HO YEW KEE https://www.klsescreener.com/v2/announcements/view/3487841
2.Completed PP (could be the reason price depressed?) on 23.12.2021. Too soon for consolidation after the PP? NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING https://www.klsescreener.com/v2/announcements/view/3479091 On behalf of the Board, UOBKH wishes to announce that 510,861,906 Placement Shares issued pursuant to the Private Placement were listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on Thursday, 23 December 2021, which marks the completion of the Private Placement.
3. Exchange of shares and cash for stake of 30% EQUITY INTEREST IN TREE MED VIA A COMBINATION OF RM4,000,000 IN CASH AND RM10,000,000 VIA THE ISSUANCE OF 200,000,000 NEW KAG SHARES AT AN ISSUE PRICE OF RM0.05 PER KAG SHARE https://www.klsescreener.com/v2/announcements/view/3418327 MULTIPLE PROPOSALS https://www.klsescreener.com/v2/announcements/view/3419083 On behalf of the Board of Directors of KAG ("Board"), UOBKH wishes to announce that all conditions precedent pursuant to the SSA have been fulfilled and 200,000,000 Consideration Shares issued pursuant to the Proposed Acquisition were listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 2 September 2021, marking the completion of the Proposed Acquisition.
As seen above, which parties will be at the losing end? As seen in item 3, what will be the support if the exchange is done at 5sen vs present price of 1.5sen?
@mach10: BLee ,you obviously do not know how the syndicate works. you are a green horn
16/02/2022 5:06 PM
BLee: Hi @mach10, you can call BLee whatever colour horn you like, BLee has seen the up and down of the market since the '80s..perseverance in trading paid handsomely throughout the years. This time, I am banking on cash rich due to unjust fundraising, beat down and hardly any borrowing stocks. All these investments profit from others' shares I flipped; buy low, sell high and buy low again, repeating many times..nothing to lose. Even my barber knows this trick, telling me not to worry as the market will bounce back later rather than sooner due to the pandemic. If it doesn't go up, how did the syndicate/foreign fund make money?
Announced EX Date Subject Ratio Offer 07 Oct 2020 20 Oct 2020 Rights Issue (warrant) 1.0000 : 1.000 0.0500 29 Aug 2017 12 Sep 2017 Share Consolidation 4 : 1 15 Mar 2017 27 Mar 2017 Rights Issue (warrant) 1 : 1 0.0500 27 May 2013 06 Jun 2013 Rights Issue (warrant) 4 : 2
BLee: Hi bro @whistlebower99, you are right on 'ANOTHER HUGE LOSS' and this included Fair value adjustment on other investment -14,687,000 (paper loss). This paper gain/loss fluctuated over few years like 'yo-yo' as shown in :- -SECOND QUARTER ENDED 30 SEPTEMBER 2020, Fair value adjustment on other investment of 31,745,000 -THIRD QUARTER ENDED 31 DECEMBER 2021, Fair value adjustment on other investment of -14,687,000
This is just like riding the 'yo-yo' wave, when will be the next fair value gain wave?
Loss making penny stock invested in another loss making penny stock
TAYOR
BLee: Hi bro @whistlebower99, many thanks for highlighting the latest QR. IMHO, the report needs to be read in full as the loss is only the half truth.
An important question, why did the losses but NTA improved from 0.17 to 0.22?
Revenue improved to 18.102mil from 9.737mil, almost 100% increase. As "A hike in revenue was mainly contributed by the revenue generated from Mask Division which started its operation in 3rd Quarter of 2021.", what will be for a whole year?
And also the statement "The losses were mainly due to the of shrinkage of business regionally and the loss of customers in Thailand and Indonesia. Apart from that, it is also notable on the increase in manufacturing cost as a result of a new mask plant being set up in Meru and 2 weeks of operation suspensions due to the flood caused by the torrential downpours in Klang Valley." which is one off…hopefully there will also insurance claim for the flooding.
KEY ALLIANCE GROUP BERHAD ("KAG" OR THE "COMPANY") I. PROPOSED PRIVATE PLACEMENT; AND II. PROPOSED ACQUISITION (COLLECTIVELY, THE "PROPOSALS")
On behalf of the Board, UOBKH wishes to announce that the Board had on 5 April 2022 resolved to fix the issue price for the first tranche of the Proposed Private Placement at RM0.0087 per Placement Share.
The issue price of RM0.0087 per Placement Share represents a discount of approximately 19.44% to the 5-day VWAP of KAG Shares up to and including 4 April 2022, being the last traded day of KAG Shares immediately preceding the price-fixing date, of RM0.0108 per KAG Share.
============ Directors continue fund raising with more share issuance to PP at lower and lower prices RM0.0087 per Placement Share, less than 1 sen !!!
Dilution of shareholder equity and EPS NOSH = 3,065,171,440 continue to rise with more fund raising via share issuance
Be careful trading high NOSH loss making penny stocks which might decide to go for shares consolidation that could cause huge losses to long term shareholders.
Look at pasukgb, pdz, kanger, sanichi, etc Coming next for shares consolidation are ages, mtronic, digistar....
VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") (I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE WITH WARRANTS This announcement is dated 8 April 2022.
================= Another loss making high NOSH penny stock going shares consolidation and fund raising rights issue exercise.
Some stocks that had consolidated are pasukgb, pdz, lambo, trive, kanger, sanichi, pworth, etc
Those in the process are Ages, Mtronic, Digistar and Vsolar
=================== Be careful trading loss making penny stocks that has huge NOSH (BILLION SHARES)
Best and safest to avoid penny stocks with multi-billion issued shares. Directors have power to propose shares consolidation and raise more fund via rights issue with free warrants
KEY ALLIANCE GROUP BERHAD ("KAG" OR THE "COMPANY") I. PROPOSED PRIVATE PLACEMENT; AND II. PROPOSED ACQUISITION (COLLECTIVELY, THE "PROPOSALS")
On behalf of the Board, UOBKH wishes to announce that 613,000,000 new KAG Shares issued pursuant to the first tranche of the Proposed Private Placement were listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 13 April 2022, which marks the completion of the Proposed Private Placement. This announcement is dated 13 April 2022. https://www.klsescreener.com/v2/announcements/view/3532893
================= Directors continue fund raising with more share issuance to PP at lower prices RM0.0087 per Placement Share, less than 1 sen !!!
Dilution of shareholder equity and EPS NOSH = 3,065,171,440 continue to rise with more fund raising via share issuance
When the announcement stated the first tranche, I kept quiet as I was worried about how many more tranches and most likely at a lower price. When I saw the latest announcement as completion of the PP, all worries were unfounded. This is a 2021 proposal, so not likely to get 30% PP approval entitlement anymore.. Happy Trading and TradeAtYourOwnRisk
@HuatHuatHuatLa: Bro BLee, you mean no more Private placement meh?
1 hour ago
BLee: Hi Bro @HuatHuatHuatLa, what I know PP of 30% is one off specially for companies to raise funds due to pandemic period. I am not sure about PP of 10% or ESOS or SIS; or any other fundraising instrument. Usually all fundraising must with purpose and the money collected cannot be used for other purposes.. Happy Trading and TradeAtYourOwnRisk
Bro BLee, thank you for your view. my only worry is that the 610000000 Private placement shares are dumped @ 1cent for quick and f.... easy profit, what you think?
=============== Be careful trading loss making penny stocks that has huge NOSH (BILLION SHARES) Directors have power to propose shares consolidation and raise more fund via rights issue with free warrants
Some stocks that had consolidated are pasukgb, pdz, lambo, trive, kanger, sanichi, pworth, etc Those in the process are Ages, Mtronic, Digistar and Vsolar
================= Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
@HuatHuatHuatLa: Bro BLee, thank you for your view. my only worry is that the 610000000 Private placement shares are dumped @ 1cent for quick and f.... easy profit, what you think?
BLee: I think Mr. Market already giving out answers to your question, half day trading has already reached half the amount. It all boils down to holding power and what percentage of profit is wanted. We usually buy into the future price of a counter, the question is how far is the future… For oldbies and newbies, I suggest get familiar with two rules doc, i.e. Rules of Bursa Depository - The Rules of Bursa Depository as issued pursuant to the Securities Industry (Central Depositories) Act, 1991, as amended from time to time and Rules on Take-Overs, Mergers and Compulsory Acquisitions issued by the SC pursuant to Section 377 of the CMSA, as amended from time to time. These two rules will give us some answers to our doubts. Happy trading and TradeAtYourOwnRisk
Latest penny stocks undergoing shares consolidation are AGES and MTRONIC
Be careful when trading penny stock with high NOSH multi BILLION issued shares or multi-year losses with directors frequently raising fund via shares issuance to RI, PP and ESOS.
Directors have power to propose shares consolidation and rights issue with free warrants to continue with fund raising exercise
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....