How in Hell in the 1st place did this company get construction projects especially Rumah Prima when don't have experience? This company was only involved in Telco Tower and aluminum finish production. So, it was all about sub-con by the original beneficiary of the project to Vivocom. Than Vivocom sub-con again to their construction experts friends again? End of the day instead of being a full fledged construction company the company becomes a 'Middleman'! making profits and siphoning out?
This is the reason why Vivocom price dropped from 0.36.. to 0.02 today! Today all Directors go hide! All Curi Makan in the name of being listed. All had internal contacts with BN representatives getting PRIMA projects! Just my hypothesis only. (Need to safeguard myself in what you speak).
Trump expressed guarded optimism over U.S.-China trade ties, telling reporters that it may not be necessary to add new tariffs or raise existing ones on Chinese imports, and that he doesn’t want to “put China in a bad position.”
WASHINGTON:U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some major items were omitted from the list.
KUALA LUMPUR: Malaysia’s total external debt declined to 66.2% of gross domestic product (GDP) as at end-Q3, 2018 from a peak of 74.3% of GDP as at end-2016.
2018 hardly have any new order Books. 2016-2018, they still haven't furnished on what's happening with the profits from Rumah Prima projects worth around 1-2B. Every time waiting under 'Receivables' in their reports!
This company needs to be audited by external and MACC. Was there any kickbacks given in securing the Rumah Prima projects? If yes than where are the profits from the projects went to? And did Vivocom payout any to secure?
Go look at the 1st 3 quarters of 2016 financial. Look at the profits made. If Rumah Prima or other projects worth 1-2B running until 2018, what happened to the profits if wasn't collected? Or what was really collected for in the beginning of 2016?
For me, the company Directors created their own problems manipulating their finances, order books and share price. It's up to them to come out clean publicly.
By my own calculations. The latest RI over subcribed by 10% is almost all with the company Directors and proxy bankers and Sharks. There wasn't anything much raised from the exercise to the benefit of running this company.
This is a very manipulative company for Directors and their big shark cronies personal Gains into their pockets at one time in the past. If they are stuck with billions of shares now, they totally deserved it. This is KARMA !!!!. What goes around comes around. I have monitored Vivocom from 0.35+ till today at 0.02 and Vivocom has lost more than 1.5 billion in Market Cap. Out of the top 20 KLSE companies with highest EPS, more than half are foreign companies having businesses in Malaysia. In my opinion, if Vivocom does not go Belly Up or Bankrupt. This is one of the best time to get in if the company do no have vast amount of debts and they are still financially healthy. I am starting to buy a few hundred lots on Monday.In my opinion, there is nothing much to lose at 0.02 Good luck to all.
Yes. There's nothing much to loose buying @ 0.02-0.025 today. This company is not bankrupt or not to say they don't have projects going on. It's only about transparency what this company is actually doing. They have swindled Retailers today that's a fact. So, it's up to the company if they want to progress proper after this.
The company did their exercise to raise money for their future projects in the latest RI. Let's see how they're using this money for everyone's benefit.
In my personal opinion, the only way if this company going to progress is to stop their dirty business playing in the market and to consolidate their shares and start thinking on the company. Too many shares issued for their own convince raising money for their own pockets!
Too many opportunities given to 2nd Liners in Bursa Malaysia to progress. But no one of this company's took serious of moving forward. It's about time to shut them down also all 2nd Liners and Ace Market!
Stand to lose what, everything including underwear. Anybody can just bit the lowest tender to secure job mostly below doable price. This is construction my friend. Sub out is so convenient.
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....
Darth
7,496 posts
Posted by Darth > 2018-11-15 16:00 | Report Abuse
Back to the ranch.
What's Vivocom up to now?