For a listed company, having a sales revunue ranging from 140k to recent qtr 861k is ridiculous ...and if with rights issue of 66 million......project collapse and lesser revunue, how.?
Based on the info, right issue will be based on basis of 3 rights shares for every 1 existing Vsolar share held together with 2 free warrants for every 3 rights shares subscribed. Also based on indicative issue price shall be 5 sen per rights share. Let make a simple calculation. Assuming 2 free warrants trade at 1 sen each and 3 rights shares at 5 sen each. Total shall be at least 17 sen.
Original business for Vsolar was information technology. Are kinds of subset if ICT, information and communications technology and the profit are very thin. Nowadays all the company start have their own rather than depending on service providers. that’s why this company had change their name from Fast Track solution Holdings Berhad to Vsolar Group Berhad.
Management had go through necessary assessment and decided to venture to RE business, mainly due to recent aggressiveness from government especially for NEM and NEM II.
Also why the company so confident that want to expand themselves to biomass project as they currently operates one 498 kWh solar RE plant in Perak and its proven
VSolar presently has 1 Mega Watt solar farm in operations supplying to the Malaysian national grid via a 21-year Power purchase agreement. VSolar is presently looking at expanding the solar farm under management to 20 Mega Watts.
Do not buy company that call for right issues like V Solar when they cannot get bank loans....borrow from shareholders, always say no interest to and out to cheat people ..
The share capital base will balloon up to over 2 billion shares.....and may be like Netx,MNCs...and all Fintec creation...in no time..consolidate 4 for 1. Etc...
I m also don't know why.maybe Operator game.before right issue goreng sikit2 after right issue goreng kaw2.i think operator try collect at 0.045.after QR out....operator start goreng.
This ctr memang operator counter d. Need alot of patience. They are very aggressive and ruthless. Need to adjust your own instinct to match their appetite. Only then you will be rewarded. Patience is virtue
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....
Surewin168
383 posts
Posted by Surewin168 > 2020-01-07 20:48 | Report Abuse
been oversold.. and it should stay at range 0.15- 0.18