Posted by Faithone > Sep 7, 2018 05:14 PM | Report Abuse GOOD_NEWS, I think they are the one buying to pump up the price thus they need to hold shares at that price, Their trick failed and stuck with this hi price.
Best to be professional when comes to commenting on FINTEC, fellow forumers.
First, FINTEC background is an investment company. As mentioned earlier, they invested in AT SYSTEM, NEXT, MLAB, VSOLAR AND DGB, FOCUS DYNAMICS & at least, TENAGA.
out of FOCUS ! DGB & VS holding winning ticket, the rest at the moment is still at losing. Looking at the percentage of their winning ticket, I have to say FINTEC did a good entry price for these stocks. ( FOCUS & DGB) These 2 stocks VERY GOOD PROFITS for it to be reflected in the quarter report based on March 2018.
As for MLAB, NETX & AT , I took a long time o think why FINTEC look at this company.
Mlab involved in paysystems technology. I researched that HK COMPANY back in June,18, have bought over MLAB shares by First United Technology Ltd, buy 16 million shares on the open market between June 22 and 27. The transaction raised the Hong Kong-based company’s holding to 9.56%.This is another point to be seen.
AT system, as mentioned have a pulled back due to their businesses going through a reversal. This company alone running low loans and receivables and their are able to service their ongoing business loans on time. What I gathered, their business are a temporary adjustment and management are working hard on it.
NETX. this company is getting interesting. :) I can point out that cash and balances increases in last audited quarter, their owing to contract is low followed by liabilities too. The only not good point is the profit, BUT, revenues are rather high for last 2 quarters. This indicates they have business. It’s a nett cash company operation.
Fintec 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Conversion of Preference Shares Details of corporate proposal : Conversion of Irredeemable Convertible Preference Shares No. of shares issued under this corporate proposal : 500,100 Issue price per share ($$) : 0.1600 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 602,543,672 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 94,149,550.930 Listing Date : 01/10/2018 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Fintec net cash per share is 0.024. Holding 24.16% Focus or 493m shares. If divided by Fintec 602m shares, it comes up to 0.82 Focus share for every one Fintec share. At 0.16 for Focus that 0.82 Focus share is worth 0.13. Plus 0.024 cash it gives 0.154.
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....
Fintec
328 posts
Posted by Fintec > 2018-09-09 04:22 | Report Abuse
Is it true? Why no Bursa announcement?
Posted by Faithone > Sep 7, 2018 05:14 PM | Report Abuse
GOOD_NEWS, I think they are the one buying to pump up the price thus they need to hold shares at that price, Their trick failed and stuck with this hi price.