BLee: Hi @stockraider (insas comrade), a good day to you. I won't mind 'burn' few k 'profit' of Insas recent flips into Fintec as this few k will get me few hundreds thousand shares. It is a calculated 'gamble'; con or non-con stock.. Happy trading
@AyamGoreng: PP 1.99 sen punya lori sudah sampai! Besok tuang kasih dia 2 sen…. Kikikiki 01/09/2021 6:58 PM
BLee: Hi @AyamGoreng, hari ini lori sangkut pasal permit kena tunggu 6 bulan baru bolih tuang 55%. ("3.19 Moratorium on promoter’s shares (1) A moratorium will be imposed on the Sale, transfer or assignment of shares held by promoters of an applicant as follows: (a) The moratorium applies to the entire shareholdings of the promoters of an applicant for a period of 6 months from the date of admission to the Exchange. (b) Upon the expiry of the 6-month period stated above, the listed corporation must ensure that the promoters’ aggregate shareholdings amounting to at least 45% of the nominal issued and paid-up ordinary share capital of the listed corporation remain under moratorium, for another period of 6 months"... banyak condition lagi) Itu condition ambil dari Bursa website, tak tau ada laku untuk kes ni!!
Yang dulu dah banyak terbit, bolih lah tuang lepas 6 bulan. Tapi purata harga nya tinggi, tak berbaloi.
@whistlebower99, Tq for the good intention of highlighting. Yes on trade wisely, but around 2 to 2.5sen NOT consider high price comparing of all this Fat babies averaging 6.8sen subscription price.
The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?
If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.
If his answer is NO, he probably has BAD INTENTION on the company and its shareholdersFOR
Hi @whistlebower99, Fintec at 2.5sen investing in 'cash rich' (from ICPS conversion) Focus D, the risk at Fintec or Focus D? Both now at beat down price, it could be just a bargain as seen from the 'gain' of around 50% since Fintec collection more than a week ago. (4sen at 23 Aug. 2021 to this morning highest 6sen)
@Sales: BLee, our cost is RM0.10sen, when we bought that time their profit is 720 million. We all kena gaw gaw.
07/09/2021 3:18 PM
BLee: Hi Sales, Someone started the acronym T.A.Y.O.R, I can only advised to escape at the purchased high price is to do cost averaging if you have the extra cash and think at 2.5sen is a good bargain.
As in the replied by Fintec to one of the media article, (link attached: https://www.klsescreener.com/v2/announcements/view/3347657 ) "The Company’s principal activity is in investment of both quoted and unquoted securities" explained the risk depend on market condition. The high profit could be because of 'bull market'. During 'bear market', it will be in the red. So IMHO, it is best to cost averaging during 'bear market'.
OTHERS FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"] - ANNOUNCEMENT PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS FINTEC GLOBAL BERHAD
Type Announcement Subject OTHERS Description FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"] - ANNOUNCEMENT PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, FINTEC GLOBAL BERHAD (“FINTEC” or “the Company”) wishes to announce that as at 7 September 2021, the aggregate value of quoted securities acquired by Asiabio Capital Sdn. Bhd. (“ABC”), a wholly-owned subsidiary of the Company, that is principally involved in the investment in marketable securities, that has not been announced for the preceding twelve (12) months has exceeded 5% of FINTEC’s latest audited consolidated net assets as at 31 March 2020. The details of the investment in the quoted securities are as follows:-
RM
% of FINTEC's latest audited consolidated net assets
a.
Aggregate purchase consideration within the preceding twelve (12) months
19,195,771.83
5.02%
b.
Aggregate sale consideration within the preceding twelve (12) months
-
-
RM
c.
Investments in quoted securities as at 7 September 2021
- Total Cost
166,776,020.35
- Total Book Value
129,349,135.84
- Total Market Value
151,748,176.83
d.
Net Loss arising from the disposal of quoted securities by FINTEC Group during the current financial year ending 30 June 2022 (Sales proceeds less investment cost and incidental expenses)
-
The acquisition of the quoted securities as announced were made within the period from 4 May 2021 to 6 September 2021.
My investment in Fintec and Focus-PA getting 'paper gain' now, many thanks to some i3 forumer in highlighting the 'risk' to newbie..selling at 'low' price to me. Happy trading and TradeAtYourOwnRisk.
@Elitetrader, good comments. No matters how tiny, hope against hope after jump into calculated investment. My motto is never buy at 'Everest' and never sell at 'Deep blue ocean'. Happy trading
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....
stockraider
31,556 posts
Posted by stockraider > 2021-08-29 13:04 |
Post removed.Why?