Posted by azta12 > 2020-11-19 11:18 | Report Abuse

add

Posted by oskchoon > 2020-11-19 14:48 | Report Abuse

After completing the RI, Fintec will be a cash cow and he has two options, by buying more AT shares and increasing his share holdings from 28 % to 51 %and make general offer to privatise AT or starts his own glove making business, Fintec have a piece of land next to AT Glove factory at Chemor, Perak and easily converted into a glove factory...

Posted by oskchoon > 2020-11-19 14:49 | Report Abuse

I would buy Fintec shares for diversified into Glove business, the earning will be more in future
...

Posted by oskchoon > 2020-11-19 14:51 | Report Abuse

Remember, Fintec have positive earning records for the last 5 quarters, and even more earning this coming QR...

Posted by pineapple123 > 2020-11-19 15:15 | Report Abuse

AlfI3 Will Fintec become profitable by after having completed raising funds frm the RI?
19/11/2020 12:32 AM

This is a very good question.

WILL FINTEC BRING PROFIT TO US ?

Posted by pineapple123 > 2020-11-19 15:16 | Report Abuse

FINTEC has been very conservative in their price value despite having focus dynamic, AT, seacera, and Mlab movement.

Mlab was a gem amongst traders but after RI, Mlab-OR have been selling rather penny.

Will this fate follow fintec after OR?

Posted by Hidup_Anwar > 2020-11-19 16:22 | Report Abuse

Profit > RM 150 million 11 sen? What if future QR loss? <5 sen? Anwar pls be PM 9 next week. Bursa too many crooks PM 8 cannot tackle.

Posted by RJ87 > 2020-11-19 17:14 | Report Abuse

U talk like anwar won't be the bigger crook...Go ask the then PM who was close on handing our asses to IMF in 1997 currency crises.

One stupid was the then PM exposing Malaysian currency to speculation without knowing what the F he is doing. Handed our asses to George Soros. The then finance minister trying to seek help from IMF trying hand our asses to IMF. If that two materialize, we end up like Indonesia. MYR become rupiah. That's when no matter how hard u work. You are NOBODY. All that u deserve to be is foreign cheap labour like the indon.

The currency exploit was discovered by a Hong Kong economist. Our BNM took notice later. Lucky the PM then not that stupid, pegged the MYR currency to USD. That really saved our asses. But the banks almost died standing. Interest shot up to as high as 19%.

If our OPR shot up to 15%, don't be surprise to see only thing reported on newspaper are letters of demand. Considering the amount Malaysian can't handle credit card debt. Pretty sure they won't do well with any other debts.

Posted by RJ87 > 2020-11-19 17:22 | Report Abuse

Now that we still hv our asses, Tengku Zafrul get to conveniently drop OPR as he wishes or put his hands into forbidden cookies jar like EPF for "gov" spending...

Posted by gghaha > 2020-11-19 18:39 | Report Abuse

0.1...0.09...0.08....continue buy dunno will when :)

Posted by buah_kurma > 2020-11-19 19:08 | Report Abuse

Qr result kencang... Baik beli simpan

Posted by lycan > 2020-11-19 19:14 | Report Abuse

thats right...load up

Posted by yokemui > 2020-11-19 20:17 | Report Abuse

Can anybody shed some light on Fintec-PA prospects if the warrants and consolidation take place? I know I wont benefit from the exercise but I dont mind holding for potential goreng up by this syndicate group. I have 200 lots at 0.55.

Posted by jlex11 > 2020-11-19 22:43 | Report Abuse

yokemui, post right issue, the exercise price for PA will be adjusted downward to possibly 13cts,,.. there are benefits in holding post ex rights as there is no premiun attached to the PA and it is convertible in nature...,it will trend the movement of the parent shares..

Posted by AlfI3 > 2020-11-19 23:14 | Report Abuse

Hi Jlix11, any idea pls whether wud it b more valued buy d PA or d mother shares pre ex-RI?

Posted by yokemui > 2020-11-20 01:21 | Report Abuse

@jlex11 Hey, thanks for your valued input. I do not get the valuations though. As I understand, 2 PA warrants can convert to 1 mother share. Why do u say there is an exercise price for the PA, and where did the 13cts come from? Pls explain to me? Thanks

Posted by yokemui > 2020-11-20 01:33 | Report Abuse

Also Jlex11, with the free shares, won’t the mother share price be halved and my PA share price will also be halved accordingly since it is tied to the mother share price? Can pls explain further? Thanks!

Posted by didi2005 > 2020-11-20 07:30 | Report Abuse

Yokemui, the highest price for PA only RM0.095...How come u can hold RM0.55? haha

By the way, the ICPS may be converted into new fully-paid Shares at the Conversion Price in the following manner:-
(i) by surrendering 2 ICPS (which are issued at an issue price of RM0.08 each) without additional cash payment to arrive at the Conversion Price of RM0.16 for 1 new Share; or
(ii) by surrendering 1 ICPS (which is issued at an issue price of RM0.08 each) with additional cash payment of RM0.08 to arrive at the Conversion Price of RM0.16 for 1 new Share.

Premised on the terms of the ICPS, subject to adjustments, the ICPS can be converted into new Fintec Shares on any market day commencing on and including the issue date of the ICPS up to and including the maturity date. Any ICPS that are not converted would be mandatorily converted into new Fintec Shares on the maturity date.

If the conversion results in a fractional entitlement to Fintec Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.

If the maturity date of the ICPS falls on a non-market day, then it will fall on the preceding market day.

Maturity Date: 04 Dec 2027

Posted by AlfI3 > 2020-11-20 07:54 | Report Abuse

Many thx for d clarificatn Didi

Posted by jlex11 > 2020-11-20 08:01 | Report Abuse

Guys , the beauty for the PA is that each PA is valued at 8cts for conversion purposes even it is trade at 1 cts , 2 cts or 3 cts or even 10 cts...

In other words , if the PA is below 8 cts submit 2 PA for conversion and if the PA is above 9 cts , use 1 PA plus cach to top up the diff for the conversion price..

Caveat is that yoou have to evaluate whether it is worthwhie to conver bbased on the price of the mother shares..

Good luck guys ... & let enjoy the ride..

Posted by jlex11 > 2020-11-20 08:11 | Report Abuse

yokemui, please refer to Fintec Circular on the computation of the revised Exercise Price as a result of the Right issues...if you are holding the PA , the rights issue will 0nly affect the exercise price of the PA & it will be adjusted accordingly vide the Circular to be issued by te company accordingly...

Your PA wont be halve as you have stated...

Cheers & good luck..

Posted by azta12 > 2020-11-20 08:53 | Report Abuse

start collect

Posted by bjgdila123 > 2020-11-20 09:36 | Report Abuse

sapu all in nta .55

Posted by azta12 > 2020-11-20 11:07 | Report Abuse

add the waves will come soon

Posted by kkl123 > 2020-11-20 11:21 | Report Abuse

coming qr same with TOP GLOVE

Posted by Invest123 > 2020-11-20 11:33 | Report Abuse

20 sen...

Posted by azta12 > 2020-11-20 11:57 | Report Abuse

don't be late..add before the big buy set in

Posted by azfar8 > 2020-11-20 15:48 | Report Abuse

Initially, i think that it's this counter that will be shine, but however, look at the behaviour these past few days, especially just now, whenever 0.11 become buyer, and the quantity buyer put more than 10 million, but in a blink of eyes, all 10 mil was gone, looks like there are "somebody" trying not to move this share price easily, it's frustrating these kind of people exist in a good fundamental stock. I am thinking to just exit this company.

Posted by 8888_ > 2020-11-20 17:28 | Report Abuse

Consequential to the Proposed Rights Issue with Warrants, the exercise price and/or
number of granted SIS Options (if any), Warrants A, Warrants B and ICPS may be
adjusted in accordance with the provisions of the Existing SIS By-Laws, Deed Poll A,
Deed Poll B and the Constitution of the Company respectively to ensure that the status
of the holders of the SIS Options, Warrants A, Warrants B and ICPS is not prejudiced
as a result of the Proposed Rights Issue with Warrants (“Adjustments”).
The Adjustments (if any) will only be finalised on the Entitlement Date and will be
effective on the date following the Entitlement Date, and the relevant notifications to
the respective holders will be issued by the Company at a later date.

Posted by RJ87 > 2020-11-20 18:08 | Report Abuse

Joke of the day..."good fundamental stock"...

Fintec is NEVER a good fundamental stock. It's a scam stock. It's just a matter of how to benefit from this scam. Now, i'm speculating they going to take our 160mil RI and closed their position in GPA. That's alot of money...which counter they are going to push next...U will hv better luck there.

Operators need to support the price. Queue 10mil to block the drop. Else, RI exercise will fail if there is not enough benefit for people to subscribe.


azfar8 Initially, i think that it's this counter that will be shine, but however, look at the behaviour these past few days, especially just now, whenever 0.11 become buyer, and the quantity buyer put more than 10 million, but in a blink of eyes, all 10 mil was gone, looks like there are "somebody" trying not to move this share price easily, it's frustrating these kind of people exist in a good fundamental stock. I am thinking to just exit this company.

Posted by kkl123 > 2020-11-20 18:22 | Report Abuse

only count Focus gain，
focus end june 0.85，end sep 2.20
make$1.35X 517，000，000=698millions
qr may close to ONE THOUSAND MILLIONS
MAYBANK PBB TOPGLOVES PROFITS

Posted by kkl123 > 2020-11-20 18:25 | Report Abuse

somemore
after end september FOCUS UP AGAIN
AT UP UP
OTHERS all up up

Posted by kkl123 > 2020-11-20 18:31 | Report Abuse

market keep on hot hot
l think 2020 whole year profit more than TOP GLOVE
printing money faster than make gloves .one pc one pc out very slow.
one push take one month to make

Posted by CP0428 > 2020-11-21 06:59 | Report Abuse

Good morning everyone,
If I do not wish to exercise the RI, do I need to sell before ex-date (24/11)? Thank you.

Posted by CP0428 > 2020-11-21 07:10 | Report Abuse

On ex-date share price will be adjusted down, it's correct?

Posted by kkl123 > 2020-11-21 07:49 | Report Abuse

youcan choose to sell off the OR if you dont want to take up RI, not necessary to take RI

Posted by kkl123 > 2020-11-21 07:51 | Report Abuse

price will down on exdate
but will push back ,
with one thousand millions profit announced

Posted by kkl123 > 2020-11-21 07:54 | Report Abuse

you can sell now or sell later with OR
or sell OR only or sell mother share but take up RI with free w

Posted by CP0428 > 2020-11-21 09:25 | Report Abuse

@kkl123 Many thanks for your speedy reply.

Posted by CP0428 > 2020-11-21 09:53 | Report Abuse

@kkl123 "you can sell now or sell later with OR
or sell OR only or sell mother share but take up RI with free w"

What l owned in my portfolio is call mother share, it's correct?

1)If l don't take up the RI, I'll not have the OR (original rights) right?

2) Can l take up partial RI?
3) When do l need to pay?

Thank you

Posted by Jeffrey Ko > 2020-11-21 10:41 | Report Abuse

Most technical questions can be answered by your broker. They will be able to explain and help you manage. From what I have before, you can sell OR on the open market only for a certain time period just like share. Look out for something like Fintec-OR appearing in your portfolio. Price may go up or down like any other shares, you can call it like a very short term warrant. If you didnt sell, it will disappear after the expiry date which will mean you will now have the right to exercise your ”Right”. Another strategy maybe if the ”-OR” goes to ridiculously low price, you can choose to buy more ”-OR” to get more rights to buy. Likewise you can sell a portion of your ”-OR” in the market if the price goes up very much.

Posted by kkl123 > 2020-11-21 14:02 | Report Abuse

say you have 10 lots now
after exdate you have 10lot OR also
if you want to take up 2 lot RI .,then you sell off 8 lots of OR.
you call sell off all 10 lots OR.

Posted by kkl123 > 2020-11-21 14:09 | Report Abuse

despatch date id27/11/20
you will receive pos about 5/12/20
buy bankraft send back by courietr
to rech there not later than payment date 11/12/20

Posted by kkl123 > 2020-11-21 14:12 | Report Abuse

ask your remiser for detail

Posted by kkl123 > 2020-11-21 14:21 | Report Abuse

hope you understand
you call sell off all 10lots OR.and keep the original shares 10lots .but you got no free warrants
you also can sell off 10lots of fintec plus 10lots of OR after exdate
you can sell off fintec on monday .but you got no right OR
you sell off on exdate you got 10lot OR .because of that
on exdate price will drop pay to OR
but after that they will push up
back up by good qr

Posted by kkl123 > 2020-11-21 14:32 | Report Abuse

guy
If you dont want take up roghts
you call sell off on monday or you also can sell off after exdate25/11/20 sell all the OR
but before 4/12/20 date of cessation trading of right

Posted by somemore999 > 2020-11-21 15:00 | Report Abuse

if exdate i have 10lot OR ,
i sell off 10lot OR when price at high price,
before 4/12/20 buy back 10lot OR can?

Posted by HamsterHuat > 2020-11-21 15:20 | Report Abuse

yes...OR is tradable for a short period.

Posted by Uptrendwave > 2020-11-21 15:22 | Report Abuse

Anyone have the info on the last OR or Preference Rights trading price history when Fintec offered RI at Nov 2017?

Posted by Uptrendwave > 2020-11-21 15:23 | Report Abuse

Want to gauge how much is roughly the OR worth this time. Last round the RI also set at 0.08