Posted by SLM3010 > 2020-07-23 11:49 | Report Abuse

Vivocom heavy selling pressure.
Better run first

Posted by SLM3010 > 2020-07-23 11:55 | Report Abuse

If drop to 0.015,
Lost 58%, no eyes see

Posted by HighFive > 2020-07-23 13:04 | Report Abuse

Fortunately, I sold quite a lot at 0.04-0.045.. I will continue to sell then buy back at 0.015..

Posted by SLM3010 > 2020-07-23 13:43 | Report Abuse

Shit! Someone asked to sell at 0.045 too.
I didn't believe him. 1 sen make a lot of difference for me.

Posted by HighFive > 2020-07-23 15:35 | Report Abuse

sting79: Just heard rumour Vivocom is planning some consolidation exercise. Don't quite understand the 'market maker' you asked me to google. Historically, I just know the price will drop if the consolidation is going to takes place, so I decided to take profit first. Worry about other things later.

Posted by kenie > 2020-07-23 15:43 | Report Abuse

vivocom shares issued 5.66 bil .

Posted by kenie > 2020-07-23 15:43 | Report Abuse

company no longer will consolidation

Posted by sting79 > 2020-07-23 16:38 | Report Abuse

HighFive: thanks for the initiative, you can also read my own understanding above. Just another perspective to look at things.

Got another take on the consolidation/RI if it happens. It's a positive angle at least for me. Will share this view once consolidation news is out, if it happens. For now, just ride along while watching grass grow and wait for announcement of the 2018 $25 millions RI proceeds.

Posted by 6055 > 2020-07-23 18:34 | Report Abuse

Consoildate 10 to 1. No more heavy shares volume. Soon will be 566M shares. More healthy in term of no. of shares. New CEO really changing the bad side of the company. All useless management being kicked out, and deliver good results with future expansion plan.

Posted by Fundamentalist168 > 2020-07-23 19:17 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3071161

the consolidation announcement just came out. simple example for those who do not understand what it means.

10 shares will become 1 share
100 shares will become 10 shares
1000 shares will become 100 shares

of course, the stock price will also be multiplied by 10x.

though the total number of shares will be significantly reduced to 566M shares, many instances have proven that most of these consolidation exercises in the past has resulted in BIG LOSSES EXCEEDING 50% WITHIN 6 TO 9 MONTHS POST CONSOLIDATION. This is mainly because "the share price now is deemed to be expensive as it is no longer a penny stock" and "it has more ROOM TO DROP".

Some of these companies who have implemented the consolidation exercise and taken a hit on their share price

PUC Before consolidation 28c, 4 month low post consolidation 7c, LOSS 75%
SCOMIES Before consolidation 50c, 5 month low post consolidation 4c, LOSS 92%
ICON Before consolidation 25c, 7 month low post consolidation 4c, LOSS 84%

The above is just based on past statistics.

Posted by 6055 > 2020-07-23 19:48 | Report Abuse

The only different is the above examples all are downtrending before consoildation happen.

Posted by kenie > 2020-07-23 20:07 | Report Abuse

SHARE CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN VIVOCOM INTO 1 VIVOCOM SHARE

Posted by sting79 > 2020-07-23 20:34 | Report Abuse

Something to ponder about if you are one of those who subscribed to the 2018 RI:
- If you think the price will go down another round, sell the RI portion (cost is 0.025). At least protect this part of the capital at a profit.

As the saying goes 'The tiger cannot change its stripe as this is his nature'.

Opinion is that the same gang will never change their modus operandi and you can never win against the hungry tiger bare-handed in his own cage. Don't forget there may be another round of RI fund raising in the game plan later. The capital that you protected earlier can then be used to subscribe another round to average down at a great discount, but don't use the profit here!


- If you think the price will go up for whatever reason, just hold till death do you part haha.

Posted by mmilk7 > 2020-07-23 20:40 | Report Abuse

Dissapointed at this counter. Entered wrong at 0.04! Stuck again for another 2 years

Posted by sting79 > 2020-07-23 20:49 | Report Abuse

mmilk7: welcome to the club of caveman! We are here to serve you in your times of need.

Posted by sting79 > 2020-07-23 21:10 | Report Abuse

RATIONALE AND JUSTIFICATIONS FOR THE PROPOSED SHARE CONSOLIDATION
As at the LPD, Vivocom has a total of 5,664,539,071 issued Shares, and the last trading price was closed at RM0.045 per Share. In view of the large Share base and low trading price, the Proposed Share Consolidation is expected to enhance the Company’s Share capital structure by consolidating the existing Vivocom Shares, which will result in a reduction in the number of Shares available in the market.

From financial statement perspective, the Proposed Share Consolidation is expected to increase net asset (“NA”) per share of Vivocom together with its subsidiaries (“Vivocom Group” or the “Group”) without affecting the total market value of Shares and Share capital, and shareholders’ shareholding structure of the Company. Premised on the above, the Board considers the Proposed Share Consolidation is in the best interest of the Company.


Can anyone help to explain in detail the part "Proposed Share Consolidation is expected to increase net asset (“NA”) per share of Vivocom together with its subsidiaries"?

This part makes more sense "Premised on the above, the Board considers the Proposed Share Consolidation is in the best interest of the Company", but they forget to end this statement with (at the expense of minority shareholders) haha..

Posted by 东方不败 > 2020-07-23 21:18 | Report Abuse

Step by Step Guide to Share Consolidation:

English Version - https://klse.i3investor.com/blogs/DFBB/2020-07-23-story-h1510697449-Share_Consolidation_One_Way_Ticket_to_Halland.jsp

Chinese Version - https://klse.i3investor.com/blogs/DFBB/2020-07-23-story-h1510697451.jsp

Posted by JK22 > 2020-07-23 21:59 | Report Abuse

10 to 1 consolidate could be good. Lesser NOSH and higher price. Lesser manipulator, as owning large volume will be 10X more costly. Price no necessary going lower after consolidate , especially if continuous report of positive QR . Tele comunications and constructions are good prospect sector now.

Posted by zai3388 > 2020-07-23 22:17 | Report Abuse

biar betul adanya consolidation. tomorrow semua jual. 3.5c sudah tak boleh tahan lama. haha...

Posted by ZStrader > 2020-07-23 22:32 | Report Abuse

2moro fryday lor... enter big lot will suffer abit lor...

Posted by conscript > 2020-07-23 22:54 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/01/22/icon-offshore-surges-as-shares-consolidation-rights-go-ex

Posted by Nesa123 > 2020-07-23 22:58 | Report Abuse

Viva ViVaCom coming gogogo tomorrow

Posted by SLM3010 > 2020-07-23 23:28 | Report Abuse

Betulke nesa123
Jangan tipu ya

Posted by sting79 > 2020-07-23 23:47 | Report Abuse

When a share consolidation exercise does not benefit the minority shareholders, then it's just another financial trick or tool via the marketplace.

If company want to have honest good old way to push up the price, doing nothing but just consistently performing with good quarter results is already more than enough.

Best is many still believe the stock market is a free marketplace, but the occult says differently.

Posted by silversurfer96 > 2020-07-24 00:03 | Report Abuse

anyway a simple search tells me that it is not all bad...


https://www.theedgemarkets.com/article/icon-offshore-hits-limit-after-share-consolidation-exdate

Posted by sting79 > 2020-07-24 00:04 | Report Abuse

Using consolidation to increase NA per share, what a tool.

When it drops back to super penny price after consolidation/RI, people would say this share is having a super big discount to its NA! But in fact it's because of past consolidation!!

Posted by sting79 > 2020-07-24 00:16 | Report Abuse

silversurfer96: kindly imagine yourself buying ICON before consolidation and calculate the amount you need to fork out for its rights issue. Then you'll understand why it's a very risky action for the buyer.

And if you don't subscribe the RI that time, I think you'll not be here in this forum to chat.

Posted by ZStrader > 2020-07-24 00:48 | Report Abuse

it is still In plan... no firm date yet... official anncomnt coming soon... fry 1st...

Posted by zai3388 > 2020-07-24 09:07 | Report Abuse

5 minute saja ... 100+M shares at 3.5c sudah habis .... haha ...

Posted by SLM3010 > 2020-07-24 09:10 | Report Abuse

Alamak, vivocom buyer 0.03 only...

Posted by SLM3010 > 2020-07-24 09:10 | Report Abuse

Very high chance back to 0.015

Posted by Ang_Li_Hann > 2020-07-24 09:12 | Report Abuse

sting79 and SLM3010 not same people? Why create lies?

Posted by Ang_Li_Hann > 2020-07-24 09:12 | Report Abuse

Pls ban sting79, SLM3010.

Posted by CaptainTsubasa > 2020-07-24 09:19 | Report Abuse

Aiyoo I 1 week Q to buy, today only match & saw this news...

Posted by mmilk7 > 2020-07-24 09:21 | Report Abuse

Run before back to 0.01. Protect your capital. Rubbish stock

Posted by Ang_Li_Hann > 2020-07-24 09:23 | Report Abuse

3.5 sen Vivo is cheapest profitable ctr why haters cannot admit?

Posted by sting79 > 2020-07-24 09:25 | Report Abuse

Ang_Li_Hann sting79 and SLM3010 not same people? Why create lies?

Why come out after 1 year inactive? Afraid of the truth being told here? Hence simply say stuffs that threatens you?

Sorry to say sting79 and SLM3010 is not the same person.

Posted by Ang_Li_Hann > 2020-07-24 09:25 | Report Abuse

Nexgram why 6.5 sen? Profit > Vivo?

Posted by sting79 > 2020-07-24 09:27 | Report Abuse

mmilk7: Yeah, just sold my RI portion to protect capital at profit first. The downside risk is way greater than the upside gain here.

Posted by zai3388 > 2020-07-24 09:40 | Report Abuse

ang_li_hann sting79 .... jangan gaduh. jual cepat cepat dan lari dulu. boleh beli balik lain kali bila sudah jatuh kaw kaw.

Posted by sting79 > 2020-07-24 09:47 | Report Abuse

zai3388: betul, itu plan untuk beli balik lepas jatuh kaw kaw, ataupun naik pun boleh.

Tinggal saja original capital sini, kasi dia buang dekat laut aje.

Posted by JK22 > 2020-07-24 09:57 | Report Abuse

So much about selling and run. Who are those buying over 160 millions share at 0.035 ? Please continue sell and run

Posted by Slc1 > 2020-07-24 10:06 | Report Abuse

Ang_Li_Hann, they're haters mah ,how to admit Vivo is improving. Actually nobody know what is happening in Vivo. But one thing that is too obvious is who is still holding. Cheers.

Posted by roops9 > 2020-07-24 10:21 | Report Abuse

cnsolidtion is only in 4th quarter, theres still 1 more quarterly result to come out. they not gonna simply let the price drop before consolidation,in fact they might maintain or rise it a bit first prior to it, then depending on the company's performance, subsequently after that may rise or fall. those still holding wil hav a better chance to sell after all the panic sellers are gone

Posted by sting79 > 2020-07-24 10:23 | Report Abuse

JK22 So much about selling and run. Who are those buying over 160 millions share at 0.035 ? Please continue sell and run

Sell at profit or cutloss at own comfort is ok. No right or wrong, else everyone is rich already.

So many stocks out there with even way bigger continuous buying volume, how to pick which one and sure win? Can give some tips?

Posted by roops9 > 2020-07-24 10:30 | Report Abuse

start by looking for shares that are undervalued, positive growth, positive revenue, diversify into main board, dividend paying shares, don't concentrate everything into penny counters, look at trends, and also need some luck

Posted by cendolpulut > 2020-07-24 14:30 | Report Abuse

vivocom iS a big scammer.. after gift right issue 2 years ago suddenly want to consolidate..??

Posted by investman11 > 2020-07-24 14:31 | Report Abuse

I hope somebody(SC,SPRM ) investigate .. something doesn't seem right

Posted by JK22 > 2020-07-24 14:31 | Report Abuse

Mlab negative QR for 2017,2018,2019,2020..and more expensive. Vivo fell from Positive QR in mid 2018 to negative but recover within 5 QR to positive on end 2019 till now.

Posted by luckystock88 > 2020-07-24 14:39 | Report Abuse

WOW. Sellers very aggressive today after yesterday's consolidation announcement. Sell Q at 3.5c also increased to more than 100M shares now. Looks like the selling is not over yet. Will be expecting the share price to dropped to 2.5c if this continues. Definitely NOT looking good.