Are 2 cents stock with on going biz order on hand too risky to invest? Bear in mind there are possibility of consolidation due to some event or Financial impairment.
2 cents counter is not risky to invest. Only a bit difficult to push up with 5B shares provided that this company can show continuous profits and accumulate good order books. Bare in mind in 2018 there's hardly any new order Books! Whatever projects worth 2-3B accumulated from 2016, all not sure.... 1) How many are on going. 2) How many got cancelled. 3) Whatever ongoing, where the profits are going. 4) How much pending sales for collection. Banyak susah this company to predict anything.
Not sure who this Pn. Nor Haslinda who's also holding bulk of this company shares (indirect/deemed interest using Oasis/RHB platform) Maybe proxy for someone else higher?
My own analysis. Today..... 1) This company Directors and major shareholders are stuck with their Rights Issues. 2) They have bought their own Rights to raise money for their own company which is good if they're not going to offload. That means they beleif in their company. 3) Over subscibed by 10% sounds good too. Who bought?
I'm not here hindering anyone from buying this company shares today. The World stock market is moving forward in knowledge and investment. Funny thing... In Bursa Malaysia we still have company's like Vivocom playing the fool around reaping investors instead of progressing and paying dividends to shareholders! If the purpose of listing in Bursa Malaysia Ace Market is all about manipulation instead of progressing than it's about time we don't need the ACE MARKET anymore.
Without Ace Market, Retailers will be exposed to good and reliable counters to invest. You will not see your money suddenly evaporating for no reasons like.. From 0.35 to 0.02!
Yes. 0.02-0.025 is CHEAP! The company Directors till today has been quiet around 2 years. Let them come out and talk. Than we retailers can evaluate to buy or not.
Vivonewbie. People over here knows what's happening. Your post doesn't carry any weight. Unless you explain on what exactly is happening with this company. Stop shutting people's mouth and come to the point about the company!
All these stupid people posting about Pakatan, Mahathir and other nonsense. Nothing is going to change about this company unless the company Directors come out to talk. If not.... 2 Cents only worth for the next coming years!
Buy because you have confident for the company not pray for miracle. If the result (past fews years until now shows its worth rm0.005. )then run now before its too late.
This company has been around too long in the ACE MARKET. Keep changing name and good at issuing bonus, RI and PP. Till today never issue DIVIDENDS! Whatever they've doing sitting in the ACE market is all over. They cannot cheat anymore Retailers! Only way moving up is to show results and good order books for the future.
Far too long, keep asking money from public for expansion. What expansion have they done to return the Faith? If no Dividends, no problem but Where has all the profits accumulated gone from the last 2 years? Reinvestment? If have reinvested without bank borrowing than there has to be better returns!
What's the point if this company gets 5 Billion projects or even CRCC gives the bulk of projects to them or even they win KB AIRPORT project? End of the day, no one knows where the profits are going! This is the reason why the price of this share is Not going up. The own company Directors are cheating!
Vivocom accounts is like 1MDB. Money has been moved around without proper accoutability. How can 2B projects from 2016 profits cannot be produced? How can after 2 years, receivables are not collected?
From 2016-2017, 2-3B projects would deffinetly had given profits. Cannot be not collected! Where did this profits went? Than why the latest RI to raise money for?
When company Directors bought the bulk of RI, they also need to offload unless they beleif in their company is going to move up by leaps and bounds to keep.
Feizal, must understand the whole story of this company. It has nothing to do with budget announcement. This company had already projects worth 2-3B earlier. Where has the profits from these projects gone to?
This company never was with construction. Suddenly get PRIMA projects became a hero. Now no PRIMA projects how? What other projects are they perusing today without PRIMA?
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....
miniminer
509 posts
Posted by miniminer > 2018-10-18 15:21 | Report Abuse
Are 2 cents stock with on going biz order on hand too risky to invest?
Bear in mind there are possibility of consolidation due to some event or Financial impairment.