idk, Fintec is not meant for locals to invest! idk, Fintec is always meant for foreign buyers! idk, Fintec's share price hv to remain low to attract foreign investors! idk, D many funds raising thru' issuing PP, BI, RI with free warrants n shares split always benefitted d foreign investors! Fintec's investing in other potential companies in bursa supported our bursa market. d worst looser r d retailers who bought their shares! Fintec is too big n complex for newbies!
foreign investors r returning to our bursa market! should bode well for Focus! is it d reasons for Focus's higher buying volume n +4% price uptrend lately? my guessed, price should continue uptrend next week!
@Sales, you are right, the RM720mil could be just 'paper profit' from investment gain at the reporting date. No cash until monetize, how to give dividend? Con or no con, another story. TradeAtYourOwnRisk. Happy trading
Key Alliance Group Bhd has emerged as a new substantial shareholder of ACE Market-listed Macpie Bhd after buying a 5.91% stake or 55.96 million shares in it in the open market. The group said it spent a total of RM5.34 million to acquire the shares between Sept 6 and Sept 13.
Can anyone explain the business risk this group is facing? Is it because it is not just overdiversified but the purchase of multiple company causing it to not have a core competence?
PA = 254,308,135 WA = 170,092,838 WB = 116,443,428 WC = 1,146,126,828
Warrants as good as garbage.
================================ Trade wisely, beware of potential shares consolidation exercise
21/09/2021 10:30 AM
BLee: Hi @whistlebower99, PA conversion = 11sen or 11:8 WA conversion = 19sen WB conversion = 10sen WC conversion = 8sen WA, WB and WC conversion NOT likely due to out of money; only problem will be PP and ESOS as per your warning on trading risk. Only 11PAs convert to 8 mother shares still possible, i.e. 254,308,135÷11×8= number of mother shares. PA anti-dilution, so no problem on any type of RI.. Agreed, warrants as good as 'garbage'. Not for PA as the 11:8 conversion still doable. My promotion link if you are interested: https://klse.i3investor.com/blogs/BLee_AGES/2021-09-12-story-h1571499077-Focus_PA_and_Fintec_PA_Negative_ICPS.jsp
Each Fintec-PA worth 8sen; if got 1:50 conso plan, the 8sen won't change as long not converted into mother shares. PA (preference shares) treats differently from mother shares as the 2 methods of conversion will be adjusted accordingly to pre-set formula for the changes. Happy Trading and consult the issuing house before trade..
Biggest Scam in BSKL. Another few hundred million shares issued via Private Placement (PP) at 0.02-0.025 sen. Where's SC?? Are you investigating?? Suspend this counter!
I think no point blaming any one here. All of us knew what we were getting into. We were just looking at making money the easy way and forgot about fundamentals etc. An expensive lesson learnt from Fintec. That's fine. Let's move forward slowly. I wish those who are still holding a very good luck. P.s- SC has allowed 20% PP until end of this year ya. So still a long way to go.
@Dr Y.Raj, good statement. With 2sen worth, downside limited. Shares consolidation does not mean cancellation of capitals. Only big problem with PP, each trench issuance with roughly 10% discount of 5 days weighted average price, will dilute NTA. On the bright side, interest free cash injection will improve company cash flow. End of the year not that far off, all this PP (so call 'raping') completed, more 'child' will be 'born'. Happy trading and TradeAtYourOwnRisk.
WHY FINTEC GROUP OF COMPANIES KEEP DOING ALL THESE TRICKS? FOR WHAT? PLAIN CHEATING AND SECURITIES COMMISSION JUST "NO EYE TO SEE". STRANGE, VERY VERY STRANGE. IS THIS DAY LIGHT ROBBERY GOING ON IN OUR MALAYSIAN BURSA ? SC MUST ANSWER TO THE PUBLIC.
On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 27 August 2021, approved the listing and quotation of up to 855,132,900 Placement Shares to be issued pursuant to the Private Placement subject to the following conditions:-
(i) Fintec and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Private Placement;
(ii) Fintec and Mercury Securities to inform Bursa Securities upon the completion of the Private Placement; and
(iii) Fintec to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed.
'Raping' occasion:
Private Placement of up to 20% of the total number of issued shares of the Company:
1) 21 Sep 2021: 260,000,000 at (MYR) 0.0225
2) 21 Sep 2021: 40,000,000 at (MYR) 0.0225
3) 17 Sep 2021: 200,000,000 at (MYR) 0.0215
4) 08 Sep 2021: 100,000,000 at (MYR) 0.0199
5) The 'raping' will stop once the balance of 255,132,900 shares issued.
My opinion is NOT to lower the trading price so that the PP issuing price based on 5-market day VWAP will NOT be lower for each tranche.
Happy trading and TradeAtYourOwnRisk. No offence intended to any Forumers as I feel ALL are my Forum friend. TQ
Disclaimer: Not a buy, sell or hold call. Any Gain or loses shall be by reader own action. If feel offended by the borrow word 'raping', I apologise in advance..
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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....
investor2021trading
999 posts
Posted by investor2021trading > 2021-09-11 14:31 | Report Abuse
idk, Fintec is not meant for locals to invest! idk, Fintec is always meant for foreign buyers! idk, Fintec's share price hv to remain low to attract foreign investors! idk, D many funds raising thru' issuing PP, BI, RI with free warrants n shares split always benefitted d foreign investors! Fintec's investing in other potential companies in bursa supported our bursa market. d worst looser r d retailers who bought their shares! Fintec is too big n complex for newbies!