There are so many case study showing oil bunkering is most time not doing good, But once they come back, cover more than 5-10 year losses. Anyhow Fast is still doing good and making profit, is a ready staying good effort.
not longer goreng counter, still got quality and price in recent wave also strong ma, set realistic target, maybe quarter and sentiment good . 0.10 got possible.
oil bunkering, marine oil trading and renewable energy business has overtaken the mould cleaning rubber sheets segment as the main revenue contributor to the Group
flexibility in respect of financial allocations for the operational requirements of its oil bunkering, marine oil trading and renewable energy segment, which in turn may allow the Group to carry out operations in a more efficient manner.
After consolidation share outstanding will become only 123m only, and this company also has proposed to acquire CCK Petroleum with cash plus FAST shares @ 0.3413. Now why would a company agreed to such a deal if the share price has no potential to go up in the future
1. RENOUNCEABLE RIGHTS ISSUE OF UP TO 909,204,618 NEW ORDINARY SHARES IN FAST ENERGY HOLDINGS BERHAD ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING FAST ENERGY SHARE HELD, TOGETHER WITH UP TO 454,602,309 FREE DETACHABLE WARRANTS IN FAST ENERGY ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AS AT 5.00 P.M. ON THURSDAY, 18 NOVEMBER 2021 AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE
2. CONSOLIDATION OF EVERY 6 EXISTING ORDINARY SHARES IN FAST ENERGY HOLDINGS BERHAD ("FAST ENERGY") ("FAST ENERGY SHARE(S)") INTO 1 FAST ENERGY SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION") Ex-Date 27 Sep 2022
================= Subscribers of rights issue paid 0.12 per shares After less than 1 year, directors proposed shares consolidation 6:1 Subscribers incurred huge losses, many have remained silent here
Just wish to point out one thing now: After consolidation 6 to 1, Price become= 0.03*6=RM 0.18 while Net assets per share =RM 0.158(June QR)*6=RM 0.948, NTA/Price=5.3 times. Compare this with Ageson: NTA (Mar QR)=0.23, share consolidation 15 to 1 followed by right issue 2OR to 1, so NTA=0.23*15/3=0.23*5=RM1.15. The right issue was 0.20, so for those who subscribed, NTA/Price is roughly 1.15/0.2=5.75 times. As you can check Ageson then went up to 0.50+ and is now 0.38. Another similarity is they both have large value of contract deal. So, will the same happen to FAST after share consolidation? Personally I think it's likely, but I leave it to you!
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....
JunHoHoHoHo
232 posts
Posted by JunHoHoHoHo > 2022-09-09 23:12 | Report Abuse
look at Straits Logistic's QR for reference as well.