On behalf of the Board, UOBKH wishes to announce that the Board had on 28 October 2022 resolved to fix the issue price of the Private Placement at RM0.1019 per Placement Share.
The issue price of RM0.1019 per Placement Share represents a discount of 19.95% to the 5-day VWAP of Fast Energy Shares up to and including 27 October 2022, being the last traded day of Fast Energy Shares immediately preceding the price-fixing date, of RM0.1273 per Fast Energy Share.
This announcement is dated 28 October 2022.
========= Operator, market maker pressed down price, helping directors fix an attractive issue price for selected lucky PP investors.
========== Selected PP investors will make good profit first. Long term retail investors who subscribed to rights issue can wait longer to minimize losses or breakeven.
first quarter of 2022, made a net profit of MYR 241,000 from its bunkering, vessel chartering, and petroleum trading operations.
During the same period, revenue for the segment was MYR 50.5 million.
The speed with which FAST can increase its profitability in the oil bunkering area – which, as we previously stated, is projected to be quite excellent based on the current view – is one important point to look up for the company.
What's more significant to investors like us is that now is the perfect opportunity to buy shares since the price has been impeded by investors who totally don't comprehend what's going on.
Notice of Person Ceasing (Section 139 of CA 2016) Name ENCIK MOHD FAIZUL BIN NASIR Date of cessation 27 Oct 2022 No of securities disposed 4,750,000 Disposal of ordinary shares via open market Date of notice 31 Oct 2022 Date notice received by Listed Issuer 31 Oct 2022
================= Particulars of Substantial Securities Holder Name ENCIK MOHD FAIZUL BIN NASIR Date interest acquired 18 Oct 2022 No of securities 11,800,000 Pursuant to the Acquisition of 175,000 ordinary shares of CCK Petroleum Sdn Bhd by way of issuance of 11,800,000 new ordinary shares of Fast Energy Holdings Berhad at an issue price of RM0.3413 per new ordinary share Direct (units) 11,800,000 Direct (%) 8.044 Date of notice 25 Oct 2022
================ 18 Oct 2022 - FAST issued 11,800,000 shares @ 0.3413 to Mohd Faizul for his stake in CCK Petroleum Sdn Bhd 27 Oct 2022 - Mohd Faizul sold 4,750,000 @0.125 (daily average)
================ Why is he selling so FAST ? At such low price compared to the issue price of 0.3413???
entire market slow down abit since monday red sea, so in short period im not gonna add more money first, if market mood better then i might reconsider over Fast is worth to invest in still
Numerous case studies demonstrate that oil bunkering is frequently quite challenging, but that once it recovers, it can make up losses of up to five to ten years. However, Fast is still doing well and is profitable; this is a ready endeavour to continue doing well.
undervalued and have pretty good outlook especially in O&G. hope the coming quarter will be decent and they can fulfil the huge contracts they acquired recently
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
In Malaysia, major ports such as Port Klang experienced bottlenecks earlier this year with high volume of vessels arriving at the ports, which bodes well for the group’s prospects
fast has successfully secured several contracts to deliver a range of marine fuel oils to prominent customers in various industries, and fast is aiming to fulfill the supply of 30,000 tonnes ahead of schedule.
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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....
whistlebower99
4,859 posts
Posted by whistlebower99 > 2022-10-28 16:58 | Report Abuse
weekly chart is not nice since shares consolidation
need more time for price to stabilise