@Gtrade: On July 9th,Mak Siew Wei announced to Bursa he holding 413,645,666 shares in AT On Aug 5th,he announced holding ZERO shares, No selling of AT shares done in between thse 2 dates. Where has the 413m shares gone to? Did Mak Siew Wei give a misleading statement to induce public to buy AT shares during RI/PP/ESOS related activity?
01/09/2021 10:21 AM
BLee: Hi @Gtrade, I consider you and all i3 members as friend, you are welcome to post here!! I am not defending anybody as I am not paid to do so. I am just defending my investment in Focus-PA. Below is my observation related to your post:-
Date of change: 04/08/2021 No of securities : 0 (that mean 0 changes, not held) Circumstances by reason of which change has occurred: Unexercised options pursuant to Employees Share Option Scheme (ESOS) lapsed on 4 August 2021
Remarks : 1. No change in the number of securities held by the Mr. Mak Siew Wei. 2. The balance of ESOS option is Nil.
The above announcement clearly indicate 'No change' except lapse of ESOS..
@Gtrade: After 50 to 1, theoretical ex-price may be say 100c, but on the opening day, it may straight away plunge to 70c and drop all the the way to 7c after continuous gang rape again...PP/ESOS/RI .
BLee: So far no PP/ESOS this year, which is unfair for any counter shareholders as not offered. RI is NOT consider 'rape' as offered to join in the 'rape'.
@Gtrade: so if you holding now at 5c,50lots and go through the gang-rape, 5cx50lots=2.50 . This is your cost per lot. but the 50 to 1 happen maybe 3 months from now at 2c possibly ..so ex-price is 100c
BLee: The 'legal rape' will expire by end 2021. (special arrangement due to pandemic) Most likely run out of time for Focus D.
@Gtrade: It wont reach your 2.50 cost As stated earlier ,after ex,trading will start at suppressed price of 70c...dropping all the way to 7c ,maybe. so your original cost of 2.50 now only worth 7c. ...97% wipe out !!!!!!!
That is why you should get out of FOCUS at 5c ,if you can.
This is not an imagination.It has happen to a few Fintec group of companies
@Gtrade, for Focus D is the other way. Focus D market price before 1 split to 3 around RM2.60; after split around 90sen. The further split was rejected due to foreign exit caused price down to 5sen now. Any after split price must be above 20sen. Your suggested scenario did NOT happen to Focus D; no 'gang-rape' at the moment..No PP/ESOS/...only ICPS at 5.5sen now selling around 1sen bargain price. The money still very much intact due to MCO construction stoppage. Happy trading
Do not base your analysis on usa lumber price to determine msia tropical hard wood prices mah!.
When USA lumber price shoot up from USD 350 to USD 1500 within a few months....our tropical hardwood did not really follow this meteroic price up mah!.
Our tropical hardwood price only started to move up 30% from usd 420 to usd 550 only starting from march to june mah!
Usually out tropical hardwood trade at a premium about 10% more than USA lumber prices bcos of scarcity & hard wood strength mah!
Likewise Now within 3 mths USA lumber prices came back down from USD 1500 to USD 500...our tropical wood still holding on very well at USD 550.
If u Look at the past 5 years chart USA lumber most of the time trade at USD 300 to 550, in fact USA number at 500 is considered good price which are healthy profit for their own timber industry mah!
Coming back to msia...our hardwood lumber was hovering at USD 350 to 500 most of the time for the past 5 years only recently we get usd 550 to 600, thus the current tropical timber price for tropical hard wood at USD 550 is sustainable & will give reasonable good profit for msia timber company mah!
Just forget about USD 1,500 lumber price lah, in msia the tropical timber never enjoyed this kind of prices mah!
We should be happy that our tropical hard wood timber had appreciated 30% for the past 3 mths loh!
@dragonz98, good work on the Ownership Breakdown data. Due to the last 7 days collection by Fintec Global, the Public Companies Ownership has increased to 29.724%, 1,894,098,476 shares.
Foreign funds continued as net buyer? Last Friday (3 Sept., 2021) trading status:-
Participation (%) Bought (RM m) Sold (RM m) Net (RM m) Institutions 46.26 1,247 1,420 -173 Retail 35.51 1,035 1,011 24 Foreign 18.23 600 451 149 Total 100.0 2,882 2,882 0
Table No.1: The 3 categories of investors participation details.
Good days patiently waiting for Focus D? Half-day morning down half sen at 5sen. (Due to last Friday 5.5sen push up at closing, today same pattern??)
Change of holdings: 1) Date: 23 Aug. 2021, 2,759,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited
2) Date: 24 Aug. 2021, 52,000,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited
3) Date: 25 Aug. 2021, 93,500,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited
4) Date: 26 Aug. 2021, 12,500,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited
5) Date: 27 Aug. 2021, 30,000,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited
6) Date: 30 Aug. 2021, 10,000,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited
7) Date: 1 Sept. 2021, 24,142,400 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited
Fintec Global Limited holding of Focus D as at 1st Sept. 2021:- Indirect/deemed interest (%): 29.724 Total no of securities after change: 1,894,098,476
Total: 224,901,400 Shares collected within 7 days, more collection later?? Major collection, most probably patiently at 5 sen only!! Once it exceed 33%, chances of a general offer for all shareholders?? Total collected/Total traded over last 7 days: 224,901,400/439,430,900 = 51.2% - increase in gain: (5-4)/4 = 25% Source of data: klse screener and various website.
Basically we know how tklim sees things around. Following the fear, non factual, look at any possible negative matters, pasar malam talk. Every company share has floor price.
@dragonz98, good posting. As I mention somewhere, Focus D is 'cash rich'; your posting confirmed cash position of RM126.08M and Debt to cash of 'Zero' whatever it means...cash is 'king'. Happy trading
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