I'm so sorry, I forgot to mention "Congratulation to all investor here....this is the 3rd lowest nett profit quarter for FAST since 2012!!!
For speculators please chase this FAST growing revenue company to get FAST result. For value investor, please invest in cyclical stock like palm oil plantation, O&G or maybe got chance STEEL.
I have lost 47k in FAST last year (down 40%) and relocate to O&G and Palm oil which already up 90% (XXXk) this year
Hope oil price drops to low price, then buy into oil bunker and O&G support counters. These period they can enjoy the low transportation costs while earning fixed premiums. So, balanced oil demand = win win.
For oil bunkering, this is definitely not the time to buy due to high oil prices. With fixed margin, high oil prices hurt FAST. Bunker vessels consume fuel too.
MORE FUND RAISING VIA SHARES ISSUANCE TO PP COMING SOON. ============ FAST ENERGY HOLDINGS BERHAD ("FAST ENERGY" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT On behalf of the Board of Directors of Fast Energy ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a private placement of up to 10% of the total number of issued shares of Fast Energy ("Fast Energy Share(s)" or "Share(s)") (excluding treasury shares, if any) to third party investor(s) to be identified later at an issue price to be determined later, pursuant to Sections 75 and 76 of the Companies Act 2016 ("Act") ("Proposed Private Placement").
Further details of the Proposed Private Placement are set out in the attachment enclosed.
========= Directors continue to raise fund via PP, after recently completed RI. RI at 12sen, now PP will get lower than RI subscribers, probably at 6sen. More dilution of shareholders equity % and EPS NOSH CONTINUE TO INCREASE AFTER RECENT RI AND NOW PP
Rasa newguy0801 betul, oil price ni memang masalah sikit bagi FAST, takpe. Bagi support je. FAST memang company baik. Tapi takdir mereka susah sikit. Xpe, support support. Next time FAST FAST naik share price bagi I happy sikit.
Dude, they are not making a profit during high Brent price, don't dream about it. Their loss in the last QR is caused by the high overhead operating costs. Do you know how expensive it is right now just to run their ships carrying the bunker fuel?
Now bunker fuel expensive, they can only buy little with low modal before selling the bunker fuel out. That's why PP, but PP not good for share price and short term trading. So, don't buy for 1 - 2 months.
FAST ENERGY HOLDINGS BERHAD (Formerly known as Techfast Holdings Berhad) - Offer and Grant of Options under Share Issuance Scheme ("SIS") Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Fast Energy Holdings Berhad (Formerly known as Techfast Holdings Berhad) ("Fast Energy" or "Company") wishes to announce that it has offered options to the eligible persons under its SIS :
(a) Date of offer: 14 March 2022 (b) Exercise price of options offered: 0.05004 (c) Number of options offered: 118,452,016 (d) Closing Market Price of the Company's share of the Date of Offer: 0.06 (e) Number of options offered to Directors of Fast Energy: Tan Wye Chuan - 29,000,000 shares (f) Vesting period of options offered: Not applicable
=================== NOSH continue to increase from shares issuance, diluting shareholders equity % and EPS
RI subscribers and retailer investors need to wait for company to produce good quarterly and annual results to get the reward
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
The exercise, which is expected to be completed by the second quarter of 2022, is not expected to have any material effect on Fast Energy’s earnings and earnings per share for the financial year ending Dec 31, 2022.
FAST ENERGY HOLDINGS BERHAD (FORMERLY KNOWN AS TECHFAST HOLDINGS BERHAD) ("FAST ENERGY" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT We refer to the earlier announcement dated 11 March 2022 in relation to the Proposed Private Placement.
On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposed Private Placement has been submitted to Bursa Malaysia Securities Berhad on 18 March 2022.
====================== Assuming all outstanding 87,194,496 Warrants are exercised into new Fast Energy Shares and 118,452,015 ESOS options (on a maximum number of Shares basis) are granted and exercised prior to the implementation of the Proposed Private Placement, the Company's enlarged number of issued Shares will be 785,119,456 Shares. Accordingly, a total of 78,511,945 new Fast Energy Shares ("Placement Share(s)") may be issued pursuant to the Proposed Private Placement.
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....
tonygofly
272 posts
Posted by tonygofly > 2022-02-23 16:08 | Report Abuse
good luck! more to come next few weeks