It looks like year 2018 is a year of correction for KLCI. Not only Fintec suffer the loss, the whole GLCs, KYY counters,techno....dll semua sama2 jalan ke selatan. So, year 2019, should see a good pick up from Fintec. Stay invest for apportunities of fintec.
You newbie kah? Dividend not necessary only must use cash only. Give share also is dividend. Why Fintec can acquire stock but not give us stock acquired? The stocks acquired belong to who?
Posted by bale > Dec 4, 2018 03:07 PM | Report Abuse Fintec is a investment stock company ,have a lots of cash will not give dividend...will acquisition more stock....
Fintec Global Bhd is taking up preferred stocks in the operator of the DoubleTree Resort in Penang, Pinnacle Nexus Sdn Bhd, for investment income.
It is subscribing to 10.59 million units of redeemable convertible preference shares (RCPS) issued by Pinnacle Nexus for RM10.59 million.
“The Investment in Pinnacle Nexus provides Fintec with an opportunity to invest in RCPS of Pinnacle Nexus which carry a high, fixed cumulative preferential dividend at a rate of 5.0% per month on the issue price of the RCPS for a period of three (3) years and is convertible into equity of a reputable hotel located in a prime area in Penang,” Fintec said in a stock exchange filing today.
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The 316-room resort is located in Batu Ferringhi. In a March valuation report by Raine and Horne International Zaki + Partners Sdn Bhd, the resort was valued at RM240.16 million, Fintec said.
"The investment in Pinnacle Nexus will be funded entirely from the proceeds of the right issue of irredeemable convertible preference shares with warrants, which was received by Fintec on Dec 7, 2017," it added.
The group's shares closed unchanged at 50 sen today, giving it a market capitalisation of RM33.24 million. In the past one year, the stock has retreated over 70%.
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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....
UntrustedLove
229 posts
Posted by UntrustedLove > 2018-11-30 17:53 | Report Abuse
0.085 monday ?