Good morning lulgee. I am an investor, not a speculator. I am prepared to wait to see improvements in mTouche's quarterly financial results from now onwards. The share will move when there is renewed confience in its new venture. Depending on contracts, it is quite common for customers/ laboratories to hv at least 3 months to make payment after receiving goods. I hv never given a timeline as to when mTouche's share will go up. Currently, the bank interest rate is not attractive ie i prefer to invest in mTouche's venture in trading in diagnostic kits. I am patient.
Well, i guess i will hv to wait and see if the CEO of mTouche is indeed capable or not when trading in COVID diagnostic kits at a time when there is a huge demand for it and when there is so much $$$ in mTouche' bank account to make a success of it. If he fails, then , low bank interest may indeed be more attractive :-) :-)
Sharing: Quote n unquote: Holding on to anger is like drinking poison and expecting the other person to die. Btw, i hv just seen yesterday's announcement. To me, it is not an announcement i hv to worry about :-) . I hv no intention of selling. Also fr their recent financial report, they hv planned for another RM10 mil for venture into diagnostic kit. This is in addition to the previouse RM 7 mil for the related diagnostic venture expenses. It would be good if the CEO invest more in trading diagnostic kits during this window of opportunity.
KUALA LUMPUR (Oct 8): Software and engineering solution company, DGB Asia Bhd has emerged as the new substantial shareholder of Mtouche Technology Bhd after it acquired a 5.26% stake or 48.75 million shares in the open market on Wednesday (Oct 6).
In a Bursa Malaysia filing today, the group said the acquisition was made via its wholly-owned subsidiary, DGB Networks Sdn Bhd.
Notably, this is the second time the group has emerged as the substantial shareholder of a public-listed company in a year.
In November last year, DGB Asia also emerged as the substantial shareholder of PUC Bhd, after it acquired a 6.51% stake or 40.2 million shares in the open market.
According to the group’s website, DGB Asia provides AIDC (Automatic Identification and Data Capture) tracking solutions and distribution in Singapore, Malaysia, Hong Kong and China.
For the first-half period ended June 30, 2021 (1HFY21), DGB Asia’s net losses swelled to RM16.65 million compared with a net loss of RM1.72 million in the same period last year (1HFY20).
Revenue, however, increased by 133% to RM10.72 million against RM4.6 million reported in 1HFY20.
Notice of Interest Sub. S-hldr (Section 137 of CA 2016) MTOUCHE TECHNOLOGY BERHAD
Particulars of Substantial Securities Holder Name DGB NETWORKS SDN. BHD.
Date interest acquired 06 Oct 2021 No of securities 48,751,000
Total no of securities after change direct (units) 48,751,000 Direct (%) 5.261 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Date of notice 08 Oct 2021
Penny stock DGB increased stake in penny stock MTOUCHE
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) MTOUCHE TECHNOLOGY BERHAD
Particulars of substantial Securities Holder Name DGB NETWORKS SDN. BHD. 1 11 Oct 2021 3,000,000 Acquired Direct Interest Acquisition of shares via open market Nature of interest Direct Interest Direct (units) 51,751,000 Direct (%) 5.584 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 51,751,000 Date of notice 13 Oct 2021
=================================== Last completed corporate exercise of DGB
08 Dec 2020 21 Dec 2020 Rights Issue 6.0000 : 1.000 @ 0.1200 10 Nov 2020 23 Nov 2020 Share Consolidation 1.0000 : 10.0000
A quick look. Depreciation n amortisation etc loss RM 10.55 millions. All should look up the meaning. No way any company can avoid this. NAV better than before rights etc, lots of $ still in the bank.after rights etc. Best to refer to B16, trade receivables. RM14.148 millions. Best value ever. I hope i m not wrong.
I would like to share an interesting observation. Pls refer to section B16 ( Trade receivables)for the 3 last reports ie Sept, June n March. You will see that in Sept : Neither past due n past due but both not impaired n up to 365 days the total amt is RM 33 million. Afer deducting a carry over from the last few months's Past due n impaired, the balance is RM 14.148 million. However, once u compare the numbers with June n March, u will see the receivables in Sept before deduction is jaw dropping. Section B1 will indicate that COVID test kits trading is already in plc. Cant wait to see coming trade receivables when there are no more past impairments to deduct.
Notice of Interest Sub. S-hldr (Section 137 of CA 2016) MTOUCHE TECHNOLOGY BERHAD
Particulars of Substantial Securities Holder Name MITSUBISHI UFJ FINANCIAL GROUP, INC
Name of registered holder Morgan Stanley & Co. International plc
Date interest acquired 27 Dec 2021 No of securities 59,611,700
Circumstances by reason of which Securities Holder has interest Acquisition of 59,611,700 shares by Morgan Stanley & Co. International plc ("Morgan Stanley Group") in which Mitsubishi UFJ Financial Group, Inc ("MUFG") is deemed interested in the shares by virtue of MUFG's holding more than 20% interest in shares of Morgan Stanley Group.
Direct (units) 0 Direct (%) 0 Indirect/deemed interest (units) 59,611,700 Indirect/deemed interest (%) 6.433 Date of notice 30 Dec 2021
=====================
Operators getting smarter to use big name to lure newcomers into the game?
No announcement showing the name of nominee account which actually did the transaction
Doesn't look like the new Chairman has yet taken up any decent volume of shares. The last hugh turnover was in sept & oct with a volume of 74m shares in a day on 18/10 @ 0.115 high. Careful with this known one day wonder, might get burned.
Read the report carefully. Everything explained in detail. Read part 2 n 3 carefully. Just a small section of Part 3, Revenue fr sales of Covid-19 rapid antigen test kits RM 13.5 Mil. Part 1: pg 9. Covid supplies agreement. Also Group already secured own required permits n relevant approvals.. $$$ is starting to fill mTouche's bank a/c. Need to be patient. Interest fr bank is very low. Anytime can get more return fr investing in mTouche.
The announcement on 31 jan 2021 is the Annual report for financial year ended 30 sept 2021. We will soon know what will be the incoming amount of $$$ fr the covid related sales, fr that last reporting income period , in the next report. ( end February 2022 ????). RM 13 plus million is just the beginning. Do ur market research on the cost of covid test kits n probable large returns fr just trading. Buy fr supplier n sell to buyer. Good traders always make money even without having a lot of money. Only need to be credit worthy.
Take a moment to ponder: why would well known investors park their personal $$$ in a company that does not offer dividend? What did their financial advisors see that is not obvious to people who can't understand how business is run?
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....
freddiehero
16,722 posts
Posted by freddiehero > 2021-09-01 17:01 | Report Abuse
Huhu.. ppl sharing, sharing is caring