Posted by 5354_ > 2020-02-10 09:50 | Report Abuse

40 sen not NTA? Give 100% Focus to all shareholders possible?

Posted by 5354_ > 2020-02-10 09:55 | Report Abuse

No of Fintec shares 786 million vs 514 million Focus shares. 1 Fintec share entitle 0.65 Focus share. 0.65 Focus=0.65X0.635~0.41. >40 sen from Focus share alone, 0 from the rest shares.

Posted by 5354_ > 2020-02-10 10:01 | Report Abuse

Nobody will propose Fintec give Focus share(as dividend) bec still got $ to collect at 4.5 sen?

Posted by Chan SauWei > 2020-02-10 12:13 | Report Abuse

Feel fun over here.. Haha

Posted by twl5137 > 2020-02-10 15:44 | Report Abuse

0.04 hmm

Posted by Daily8 > 2020-02-10 19:34 | Report Abuse

nvestments in quoted securities as at 7 February 2020



- Total Cost

RM139,754,211.15


- Total Book Value

RM315,748,450.69


- Total Market Value

RM 372,954,137.93


IMPRESSIVE OR NOT?

Posted by Daily8 > 2020-02-10 19:35 | Report Abuse

40 C ISN'T A DREAM !

Posted by twl5137 > 2020-02-10 21:13 | Report Abuse

Buy before too late

Posted by ubaL taM > 2020-02-10 21:21 | Report Abuse

MarkMyword

Posted by kelvin17 > 2020-02-11 10:14 | Report Abuse

Daily8 where you get the information on the investment at 7th Feb . BAIFUND on 15/1 above informed co investment resulted in NET LOSS

Posted by Palmboy92 > 2020-02-11 23:01 | Report Abuse

Report to bursa , definitely a conned company bod just focus on their self interest

Posted by Palmboy92 > 2020-02-11 23:48 | Report Abuse

Report report ,take action everybody,small fish big fish lets take action against these useless BOD

Posted by hello > 2020-02-12 01:10 | Report Abuse

NoEmo, i really don't understand what you said! Was the SPA finalised before 17/9/2019? I checked price of Komark was peaked at 0.37 during negotiation, given the trending at that time, to offer a 40% premium (at 0 50) is quite reasonable, isn't it? I'm confused now, can you explain why your complain in such? Help me please!

Posted by hello > 2020-02-12 01:11 | Report Abuse

I bought at 0.04, should i sell or keep? Any guru can help?

Posted by NoEmo > 2020-02-12 02:21 | Report Abuse

Hello, dun worry man. Fintec made tons of money lately. It can even afford to go for MGO of komark shares at 50c per share (u may speculate) to be fair and square to all the komark share-holders. It announced yesterday buying additional 8m komark shares at 50c, 29.5c higher than the current stock price at 20.5c. Savvy investor will acquire another company at a good discount to its intrinsic value but the generous one will buy more at a hefty 150% premium. The additional 8m shares can be acquired in the open market at around 21c-23c easily. Y Fintec is willing to pay the hefty premium for it? your guess is as good as mine. I wont be surprise if fintec making more announcements b4 the 29/2/2020 dateline on buying more komark shares from the priviledged group members at 50c a piece. Komark stock price was below 15c in Jan2019. Therafter, the price shot up despite of making losses continuously in subsequent qtrs till now.

Posted by PMHLDG288 > 2020-02-12 04:25 | Report Abuse

to my astonishment, no one takes over this company for the cheap valuation.

Posted by PMHLDG288 > 2020-02-12 04:31 | Report Abuse

minority shareholders should vote against this BOD.no dividend.nothing.

Posted by hello > 2020-02-12 08:45 | Report Abuse

Like that better sell it lor! Which stock is good to keep at the moment? Can give tips?

Posted by NoEmo > 2020-02-12 08:54 | Report Abuse

hello, rm20m for 40m komark shares at 50c a piece is just a chicken fee to Fintec as it's expected to make 70m np in soon to be reported qr. my worry is it may go MGO for komark at 50c a share that may cost it >rm100m. But we know komark share price will nvr hit 50c in next 10 years.

Posted by NoEmo > 2020-02-12 08:59 | Report Abuse

In fact, Fintec can still terminate the spa for the 40m komark shares if im not mistaken. Continuous declining komark stock price is reflecting the poor valuation of the stock. Perhaps fintec has a plan in cleasing the weak fintec share-holders with the spa proposal.

Posted by wjc4195 > 2020-02-12 10:24 | Report Abuse

Filing a complaint

Posted by Chan SauWei > 2020-02-12 10:29 | Report Abuse

My comment will delete or remove later by admin

Posted by Palmboy92 > 2020-02-12 10:54 | Report Abuse

Remove current director is the best way

Posted by NoEmo > 2020-02-12 11:21 | Report Abuse

Many fintec retailers will definitely try to figure out who will be the beneficiaries of the profit from the 150% premium.

Posted by Chan SauWei > 2020-02-12 11:28 | Report Abuse

Salute to those exe directors... Good salary and benefits allowance

Posted by NoEmo > 2020-02-12 11:50 | Report Abuse

Just look at another profit making technology company, viz novamsc, with the discriminating practice in ICPS issuance. The company's NAPS is greatly reduced as the big chunk of the icps is allocated to a major share-holder at very low exercise price resulted in the stock price plunged 50% immediately after the icps proposal. Integrity, transparency and honesty of the BOD members r the essential elements that dictate the market performance of the company. Trustworthy ones will gain the support of the retailers who hv no confidence on the untrustworthy ones.

Posted by NoEmo > 2020-02-12 12:41 | Report Abuse

I think all the Fintec share-holders would like to know: if the company budgeted 4m to acquire komark shares, which transaction below is favorable to the company:
1. 8m share from a major komark share-holder at 50c each. OR
2. 20m komark shares at 20.5c each in open market.
I dun think we need rocket science to explain on the favorable choice, right?

Posted by NoEmo > 2020-02-12 12:44 | Report Abuse

If Fintec BOD chose option one, do u think the BOD members hv integrity, honesty and intelligence to lead Fintec to the right path for survival in the future?

Posted by NoEmo > 2020-02-12 12:48 | Report Abuse

To ensure the survival of the company, what actions should all the concerned share-holders take on the current BOD team members. To fire them or continue to hire them for self-destruction.

Posted by NoEmo > 2020-02-12 12:53 | Report Abuse

Lets take a vote on the competency of the current team of company directors. Do u think they r competent enough to discharge their duties for the benefit of the company? just reply yes or no.

Posted by NoEmo > 2020-02-12 14:31 | Report Abuse

On 17Sept, proposed Komark shares acquisition at 50c each as follow:
Kok Hong Muc 26.1m (all his holding)
Aimas (Kok family) 6.64m (of 21.8m)
When Komark mkt share price at its peak at 37c after 8 months of relentless surge from 12c, probably by invisible hands as the company is suffering continuous bleeding in the year of 2019.

On 12Feb2020, Fintec announced acquisition of additional 8m share at 50c each from Aimas.
When Komark mkt share price at 20.5c

Will Fintec acquire the balance @7.1m shares from Aimas at 50c b4 the SPA dateline on 28Feb20?
Expected komark mkt price at 21c.

Posted by yieldmountain > 2020-02-12 15:43 | Report Abuse

Analysis on Fintec Global
http://www.yieldmountain.com/?p=71

Posted by Chan SauWei > 2020-02-12 17:28 | Report Abuse

Good deal for aimas...... Another 7.2m shares going to sell in 0.50...really good deal and nice buyer from fintech... Gambateh

Posted by bfg9000 > 2020-02-12 17:55 | Report Abuse

yieldmountain - good writeup and welcome to i3. From the polished writting I assumed this is not your first post. Any other blogs/writeups to share?

Posted by yieldmountain > 2020-02-12 19:08 | Report Abuse

We have actually stopped covering the stocks for quite a long time so those are no longer relevant. Fintec Global caught our attention because of the valuation of its quoted assets are readily observable yet the market still has such a steep discount.

Posted by 8888_ > 2020-02-13 12:35 | Report Abuse

Why haters only talk Komarkcorp? Fintec bought how many Komarkcorp? Zuok also they talked before what happened?

Posted by Daily9 > 2020-02-14 16:41 | Report Abuse

Focus not mentioned here bec haters busy selling at 4.5 sen?

Posted by PMHLDG288 > 2020-02-14 21:00 | Report Abuse

distribute 1 cent dividend each year.the share price definitely goes above 10 cents.the minority shareholders are concerned about the low share price.

Posted by Gunnerman > 2020-02-17 19:48 | Report Abuse

private placement again

Posted by 5354_ > 2020-02-18 03:07 | Report Abuse

Why you said again? Before is not RI?

Gunnerman private placement again
17/02/2020 7:48 PM

Posted by 5354_ > 2020-02-18 04:12 | Report Abuse

PP up to 30% so expect new boss?

Posted by Fintec > 2020-02-18 09:58 | Report Abuse

Haters don't post when good news meaning those postings here before is operator?

Posted by Fintec > 2020-02-18 09:59 | Report Abuse

Why yesterday big sellers q at 4.5 sen gone?

Posted by Palmboy92 > 2020-02-18 11:36 | Report Abuse

Priced own company share price at 0.045,mean director also agree fintec should be priced at 0.045,very disappointed with bod of fintec...i see no future in fintec,what fintec doing is just absorb shareholder money to provide finance to other listed company and they[bod] probably get some interest from them for private use and also for company sustainability inorder to remain listed and they will doing the same thing repeat and repeat again ....if u say focus bring profit to fintec,yes....but if u look deeper ,who control focus? It's same group of ppl in fintec,make beautiful result goreng up focus to make fintec Look good and continue eat shareholder money....sad to fintec bod..pp to get 10m,5.9m for working capital used ...how sad they need to use pp money to feed themself ,and they cant even create additional wealth for shareholder

Posted by Chan SauWei > 2020-02-18 15:43 | Report Abuse

It's sad and true story... Just a nice figure or data to show in accounting

Posted by kelvin17 > 2020-02-18 17:41 | Report Abuse

how come bursa allow this type of co to operate where shareholders suffer...by right with so much fund their investment should benefit the shareholders first

Posted by Daily8 > 2020-02-18 23:45 | Report Abuse

if only private placement is 10 c. Then all of you have a second round of angpow.

Posted by Palmboy92 > 2020-02-18 23:50 | Report Abuse

Payment of salaries to staff of the Group 60% RM3,598,000
Operating expenses and administrative expenses such as
utilities, rental costs, transportation costs, marketing costs
and other miscellaneous items(1)
40% RM2,399,000

How angry when u see this,everyone saying fintec had so much funds...but need to use pp to make payment of salary to useless staff,this is serious problem relate to company sustainability,they cant make money to pay salary and operating cost,what left to shareholder when their own staff also need to take money from investor to pay off their own expenses....Someone should stop them doing like this,bod is not focus on creating value for company,what they do just use fintec as money machine ,take money put to useless company,and the company receive the money can simply tell u i making losses,so your money gone indirectly....so they drag you forever and those current director resigned when they see fintec cannot sustain anymore before it game over,they dont have responsibility,if u look at bod,everyone of them do as director not over than 6-7yr but fintec is over 15yr company,fintec do as financial service provider,when u cant even create your own value how to going to provide service to others...

I hope bursa to take action,how can a company to be listed when their only business is to invest in listed company....

Posted by Chan SauWei > 2020-02-19 10:06 | Report Abuse

That why it is not main board, company as atm machine to cover living cost, allowance, bonus, and others company benefits... It's true and sad story...
If company need more fund, it's the right way collect fund from market..

Posted by kelvin17 > 2020-02-19 11:16 | Report Abuse

non wonder they keep finding idiots to do private placement and the stories continue we shareholders in shits all the times