Posted by whistlebower99 > 2024-06-25 08:34 | Report Abuse

FOR NEWBIES

Announced EX Date Subject Ratio Offer
22 Apr 2024 07 May 2024 Share Consolidation 1.0000 : 30.0000 View
11 Nov 2020 24 Nov 2020 Rights Issue (warrant) 5.0000 : 5.000 View
19 Oct 2017 31 Oct 2017 Rights Issue (warrant) 2 : 1 0.0800 View
22 May 2017 01 Jun 2017 Share Consolidation 3 : 1 View
13 Mar 2014 26 Mar 2014 Rights Issue (warrant) 1 : 1 View

https://www.klsescreener.com/v2/stocks/view/0150/fintec-global-berhad

Look at Capital Changes and Annual P/L in above link

===============
On behalf of the Board, TA Securities wishes to announce that the Share Consolidation has been completed following the listing and quotation of 197,563,422 Consolidated Shares and 7,278,682 Consolidated ICPS on the ACE Market of Bursa Securities with effect from 9.00 a.m. on 9 May 2024.

This announcement is dated 10 May 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3446272

Many retail investors bought at high prices incurred huge losses due to share consolidation of 30 to 1 !!!

===============
Expect directors to restart fund raising via massive shares issuance to PP, ESOS, RI, asset acquisition, etc

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition

Posted by KingDavid > 2024-06-25 09:17 | Report Abuse

It is a good reminder of these counters that have gone through share consolidation to serve their purposes. We still need to be careful when we want to take advantage of it after share consolidation.

Posted by KingDavid > 2024-06-25 09:43 | Report Abuse

If the share price continues to retreat by the end of today, likely the reverse trend has started. Be careful.

Posted by BLee > 2024-06-25 10:36 | Report Abuse

“whistlebower99
FOR NEWBIES

Announced EX Date Subject Ratio Offer
22 Apr 2024 07 May 2024 Share Consolidation 1.0000 : 30.0000 View
11 Nov 2020 24 Nov 2020 Rights Issue (warrant) 5.0000 : 5.000 View
19 Oct 2017 31 Oct 2017 Rights Issue (warrant) 2 : 1 0.0800 View
22 May 2017 01 Jun 2017 Share Consolidation 3 : 1 View
13 Mar 2014 26 Mar 2014 Rights Issue (warrant) 1 : 1 View…”

For Newbies, remember this, “前人栽树,后人乘凉“ meaning “One sows and another reaps or literally mean past people plant trees for future generation to enjoy”.
We shall learn from the past to live a more fruitful future life. Why keep ‘grumpier’ the past when there are lights at the end of the tunnel?
At present, all the Fintec warrants expired, so the ‘stories’ of Billion NOSH including warrants does NOT hold any ‘water’. Due to unforeseen pandemic, share prices keep falling until the recent recovery period. Will share prices fall until RM0.005? I think it's unlikely.
My article, link: https://klse.i3investor.com/web/blog/detail/BLee_Fintec_Group/2024-02-02-story-h-189346541-Fintec_Consolidation_Pros_and_Cons
show my holding in a positive region now!!
The last Fintec-PA buying after Consolidation at 10 sen, made a gain of 60%, the seller bid at 37 sen will be much much higher..
This write-up is for sharing purposes, NOT a buy, sell or hold recommendation. Happy Trading and TradeAtYourOwnRisk.

Posted by KingDavid > 2024-06-25 11:04 | Report Abuse

BLee, your quotes, "We shall learn from the past to live a more fruitful future life. Why keep ‘grumpier’ the past when there are lights at the end of the tunnel?" 👍

Posted by BLee > 2024-06-25 11:30 | Report Abuse

@KingDavid, thanks for the compliment. It is my original quote, no plagiarism..except "lights at the end of tunnel" haha

Posted by KingDavid > 2024-06-26 16:13 | Report Abuse

How far the sellers can press the price down? And for how long? Most share price below RM0.3 transacted would be at the loss. How many of these sellers are willing to sell at a loss?

Posted by KingDavid > 2024-06-26 16:28 | Report Abuse

@RM0.23, I am considering to buy some more.

Posted by 5354_ > 2024-06-28 11:47 | Report Abuse

Netx free 1 for 2 W can give why not Fintec?

Posted by KingDavid > 2024-06-28 14:41 | Report Abuse

Why must Fintec?

Posted by ChickyChicky BomBOOM > 2024-06-28 16:34 | Report Abuse

wtf？fintech not dead yet？

Posted by Musang King > 2024-06-28 18:26 | Report Abuse

Yes. FINTEC is not dead but will move up after the 30:1 Share Conso Exercise.
Now FINTEC has only 197,563,422 Consolidated Shares and 7,278,682 Consolidated ICPS on the ACE Market of Bursa Securities with from 9 May 2024.

Posted by KingDavid > 2024-07-01 12:00 | Report Abuse

Still some sellers @RM0.245. It means the operator is still in collecting mode and not ready to push the price up. The operator will only push slowly up as they collect more.

Posted by ID007 > 2024-07-02 15:41 | Report Abuse

all conmen

Posted by KingDavid > 2024-07-03 10:57 | Report Abuse

Being con too many times. Trust no one? At least should look at the situation now, not then.

Posted by Daily88 > 2024-07-03 16:17 | Report Abuse

LESSER SHARES NOW. NOBODY WANT TO LET GO UNLESS SHARE PRICE SKY ROCKETING LIKE YEAR 2020

Posted by Daily88 > 2024-07-03 16:19 | Report Abuse

FINTEC NEED TO CLEAR THE REPUTATION WHICH THEY HAVE INFLICTED IN THE PAST YEAR. BEING LABELLED AS A CON COMPANY IS DETRIMENTAL TO A COMPANY CORPORATE GOVERNANCE. ON AND OFF, FINTEC WILL GET AMBUSH BY SC. BETTER TO BUILD UP REPUTATION MR TSAN SEEK EIK. MY 2 FINGERS FROM EYES TO YOU!!!

Posted by Musang King > 2024-07-03 17:29 | Report Abuse

Now FINTEC has a total of 197,804,294 Shares after including the 240,872 newly conversion from ICPS lately. Total ICPS now has 6,947,482 units left on the ACE Market of Bursa Securities as at today 3/7/2024.

Posted by KingDavid > 2024-07-04 10:36 | Report Abuse

Fintec-Pa - with 6,947,482 units, it is too little for someone to "goreng" to make money.

Posted by KingDavid > 2024-07-04 10:40 | Report Abuse

Everyone is waiting to recover some of their money. Share price may rocket suddenly to prevent newcomers to take advantage.

Posted by BLee > 2024-07-04 11:47 | Report Abuse

“KingDavid > Fintec-Pa - with 6,947,482 units, it is too little for someone to "goreng" to make money.”

I have a different opinion; Fintec-PA will leverage on Fintec share price, if ‘goreng’ on mother will have an effect on Fintec-PA, less supply might ‘goreng’ till create more demand if the mother runs faster..

On “@ID007> all conmen”, depend when you ‘plunge’ in…if before Covid19, surely feels throwing money in the big salty sea. When the ‘bulls’ chase the ‘bears’ away, will think otherwise if they make $ from low entry. I always believe the four quadrant theory; [The SWOT (Strengths, Weaknesses/Areas for improvement, Opportunities, Threats) analysis often is used in strategic planning. The analysis focuses on the four elements included in the acronym, allowing organizations to identify the forces influencing a strategy, action, or initiative], especially on Opportunities..
The Covid19 Threats already passed and buying at the Weaknesses of MYR0.005 (0.15 after Consolidation) will bring the Opportunities to make $ if the Strengths are still there. If not (money spent and holding stocks cut-loss), then really a ‘con stock'. I don't read any announcements selling of major holdings such as in Focus D, Netx, etc..as always Happy Trading and TradeAtYourOwnRisk

Posted by BLee > 2024-07-04 12:12 | Report Abuse

Coincidental, before finish typing, Fintec-PA moved above MYR0.15..next will move closer to mother price.

Posted by KingDavid > 2024-07-06 11:06 | Report Abuse

BLee, my opinion is that if there is "goreng", it will be for mother share. Fintec-PA will just be a follower, forcing people to covert to mother share. I see very little possibility of pushing over the ratio of the conversion.

Posted by KingDavid > 2024-07-11 13:15 | Report Abuse

The "boss" is monitoring the share price with the intention to collect more at the lowest possible price. We can do the same.

Posted by whistlebower99 > 2024-07-16 08:54 | Report Abuse

FOR NEWBIES

HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI.
This announcement is dated 15 July 2024.

================

List of high NOSH penny stocks with shares consolidation :-

2024 in progress - HM, MQTECH, XOX, DESTINI, VIZIONE, KGROUP
2024 completed - AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

Retail investors trapped at high price incurred huge losses caused by share consolidation

Posted by whistlebower99 > 2024-07-17 08:23 | Report Abuse

FOR NEWBIES

Announced EX Date Subject Ratio Offer
22 Apr 2024 07 May 2024 Share Consolidation 1.0000 : 30.0000
11 Nov 2020 24 Nov 2020 Rights Issue (warrant) 5.0000 : 5.000
19 Oct 2017 31 Oct 2017 Rights Issue (warrant) 2 : 1 0.0800 View
22 May 2017 01 Jun 2017 Share Consolidation 3 : 1 View
13 Mar 2014 26 Mar 2014 Rights Issue (warrant) 1 : 1 View

https://www.klsescreener.com/v2/stocks/view/0150/fintec-global-berhad

Check P/L and Capital Changes

===================
NOSH = 197,894,622 after share consolidation in May 2024

Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc

Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition, etc

===========
Expect Cindy Kate to play the price to attract & trap newbies, punters, fomo oldbies etc

Posted by TheContrarian > 2024-07-17 21:59 | Report Abuse

The people here doesn't know that Fintech owns 20.68% in Netx which in turn owns 15.75% in Mlab?

Posted by KingDavid > 2024-07-18 10:28 | Report Abuse

It is not how much Fintec worth. It is "when" the "boss"decides to show the value of the company.

Posted by BLee > 2024-07-18 11:42 | Report Abuse

“whistlebower99 > FOR NEWBIES
Announced EX Date Subject Ratio Offer 22 Apr 2024 07 May 2024 Share Consolidation 1.0000 : 30.0000…Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc…Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future…”
“TheContrarian > The people here doesn't know that Fintech owns 20.68% in Netx which in turn owns 15.75% in Mlab?”

Hi Newbies/ whistlebower99/ TheContrarian, Fintec is part of a very big ‘spider web’ as illustrated in https://thecorporatessecrets.com/blog/2024/07/02/brahims-bangkit-kembali-dari-pn17-saham-dimanipulasi-mafia-korporat-dinyah-senarai-bursa-dan-kontrak-25-tahun-ditamat-mag/

Is this article pros or cons on Fintec?

Fintec answered Bursa UMA back in April 2021, Link: https://www.klsescreener.com/v2/announcements/view/3347657
Why until to-date, still the question of ‘con's (PP, ESOS, RI) arose as all the warrants expired except ICPS? Fintec still holding the aforementioned shares..potential gaining from ‘bull's market now. Come 2027 when the ICPS matures, Fintec Capital will increase by 6.9mil x (8sen x 30). So why the question of dilution when Fintec NTA is well below RM2.4? This is a certainty; if don't believe it, can refer to NovaMSC increase in Capital due to massive ICPS conversion..
I am interested in the F&B businesses in Fintec; not Netx or Mlab. I am Not interested in Fintec warrants (which all expired before the consolidation exercise). I am also Not interested in ‘Expect NOSH to increase’ as it is Not certain. Will wait for my investment in ICPS; will see how the ‘latent’ $ upon maturity effect/affect NTA and the market price!! Hope I am Not wrong, time will tell, as always Happy Trading and TradeAtYourOwnRisk.

Posted by Musang King > 2024-07-18 17:49 | Report Abuse

BLee, I concur with your thoughts. Let's wait until my Musang Kings drop one day. My harvests shall be massive. Yes. Time will tell. Hope I am Not wrong too.

Posted by whistlebower99 > 2024-07-19 11:22 | Report Abuse

FOR NEWBIES

NOSH = 1,069,873,355
Date 07 Jul 2020

NOSH= 5,922,797,474 before 2 years before share consolidation
Date 15 Apr 2022

============
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3190694
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3192872
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3193588
:
:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3209542
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3210285
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3214380
:
:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066136
:
:
: many more....

https://www.klsescreener.com/v2/announcements/stock/0150?category=AL

Check additional listing from 2022 to 2023

===============
Directors are expert in massive fund raising via shares issuance to PP, ESOS besides conversion of ICPS
Directors will likely continue with the same MO to raise fund via massive shares issuance to PP, ESOS, RI, etc
NOSH will likely rise to BILLION shares again in near future
Shareholder equity % and EPS will continue to be diluted going forward

Posted by Musang King > 2024-07-19 16:11 | Report Abuse

Now FINTEC has only 197,804,294 Shares after including the 240,872 newly conversion from ICPS lately. Total ICPS now has 6,947,482 units left on the ACE Market as at today 3/7/2024. I do not believe Fintec Management after going thru the so difficult task of consolidating from 30 to 1 want to increase their shares again like before. That's NONSENSE unless There is a New Project or Investment that needed more money in the future. People would not be Fooled so easily if the Fintec Management really think like that to increase their NOSH again without a Good Reason.

Posted by BLee > 2024-07-19 16:32 | Report Abuse

“whistlebower99 > FOR NEWBIES
NOSH = 1,069,873,355
Date 07 Jul 2020
NOSH= 5,922,797,474 before 2 years before share consolidation Date 15 Apr 2022..”

Hi Newbies, good sharing by whistlebower99. There are always 2 sides of a coin. With the massive corporate exercises with every exercise price dropping by almost 10%, the market price drops almost to the lowest. I am speechless as written in one of my articles due to this 10% discount to entice subscription.
My journey of investment in ICPS started with Focus D ICPS with mother below 10sen and ICPS at 1sen. The subscription price at 5.5sen selling at 1sen; it seems a good buy for me. I started opening one IB account with a minimum RM7 for any trade below RM10k; started bidding buy at 1sen to capture the seller at half sen. Most of my trades successfully at half sen, only failed at 2 occasions as shown in one of my articles. My account now balloon to more than 100% paper gain; another tick will be able to monetise my gain!! For info, Fintec-PA subscription price at 8sen, I managed to collect a few mil at half sen before consolidation..

Then is then and now is now. Let me illustrate the difference between Corporate Exercise Then (08 Sep 2021) and Now.
Example:
No. of shares issued under this corporate proposal - 100,000,000
Issue price per share ($$) - Malaysian Ringgit (MYR) 0.0199 x 30 equivalent to 0.5977 after consolidation.
Units - 4,475,664,574
Issued Share Capital ($$) - Malaysian Ringgit (MYR) 340,233,391.530
Listing Date - 08 Sep 2021

Price: Now RM0.235 vs Then RM0.5977. Will anyone cut-loss?
Units: 197,894,622 vs 4,475,664,574. All warrants expired!! Will wait for the next QR/AR to see how this expired effecting the reports as each warrant will have a base cost; Not ‘toilet paper’ as suggested.
Issued Share Capital ($$) - Malaysian Ringgit (MYR)421,465,313.540 vs (MYR)340,233,391.530. A very significant increase although with consolidation; will Not diminished at all. Share Capital and Market Capitalisation are two different entities; please Do Not be misled. Corporate exercises such as PP, ESOS, etc which require payment will increase Issued Share Capital, and Not necessarily increase Market Capitalisation..
Anyway, thanks @whistlebower99 for his good sharing his side of the coin; as always Happy Trading and TradeAtYourOwnRisk
@Musang King, concur with your observation. Let's hope the brighter day will come seeing the active trading of so called 'con' stocks..

Posted by KingDavid > 2024-07-23 09:34 | Report Abuse

Therefore, any share price leass than RM0.6 is a better buy now than the share issued @RM0.0199 listed on 8/9/2021.

Posted by 5354_ > 2024-07-24 17:45 | Report Abuse

Netx-W to list tomorrow so Fintec assets can grow more? Hopefully Fintec sell Netx-W to raise cash.
https://www.klsescreener.com/v2/announcements/view/7429543

Posted by JJPTR > 2024-07-24 18:32 | Report Abuse

Unfortnately, the PP/ESOS/RI syndicate still CON-tinue their toilet paper project.
Look at MLAB. Recently 20:1 consolidation 3 months ago, than the stopid SC approve toilet paper printing again. If that is called cock-perape exercise, even a cow can be a director
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
MLABS SYSTEMS BERHAD ("MLABS" OR THE "COMPANY")RENOUNCEABLE RIGHTS ISSUE OF UP
TO 217,410,867 NEW ORDINARY SHARES IN MLABS ("SHARES") ("RIGHTS SHARES") ON THE
BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD TOGETHER WITH UP TO
86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR
EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

Lets us boycott all PP/RI/ESOS centric toilet paper companies.

Posted by ID007 > 2024-07-31 09:22 | Report Abuse

hi warrior.. hows life

Posted by BLee > 2024-07-31 10:01 | Report Abuse

“JJPTR > Unfortnately, the PP/ESOS/RI syndicate still CON-tinue their toilet paper project.
Look at MLAB. Recently 20:1 consolidation 3 months ago, than the stopid SC approve toilet paper printing again…Lets us boycott all PP/RI/ESOS centric toilet paper companies.”

I am Not defending any Parties Nor against any Forumer, just trying to put some info across for a thinker/tinker.
It is a Collective Exercise, therefore NO separate Approval. The details as below:

MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY")

(I) SHARE CONSOLIDATION; AND
(II) RIGHTS ISSUE WITH WARRANTS
(COLLECTIVELY, THE "PROPOSALS")
Source:
https://www.klsescreener.com/v2/announcements/view/6803907

Is it Good or Bad for Fintec, why post at Fintec Forum? Your Guess is Good as Mine..Happy Trading and TradeAtYourOwnRisk

Posted by whistlebower99 > 2024-08-07 11:52 | Report Abuse

FOR NEWBIES

TECHNAX Capital Changes

Announced EX Date Subject Ratio Offer
25 Apr 2024 09 May 2024 Share Consolidation 1.0000 : 20.0000

https://www.klsescreener.com/v2/stocks/view/2739/techna-x-berhad

NOSH after share consolidation = 235,125,043
Price has dropped from high of 0.395 to 0.10 (7/8/24) within 3 months

==================
FINTEC Capital Changes

Announced EX Date Subject Ratio Offer
22 Apr 2024 07 May 2024 Share Consolidation 1.0000 : 30.0000

https://www.klsescreener.com/v2/stocks/view/0150/fintec-global-berhad

NOSH = 197,894,622

===============
Will FINTEC price follow in the footstep of TECHNAX ?

Posted by BLee > 2024-08-07 13:57 | Report Abuse

“whistlebower99 > FOR NEWBIES
TECHNAX Capital Changes…Will FINTEC price follow in the footstep of TECHNAX ?”

Hi Newbies, I am Not defending any Parties Nor against any Forumer, just trying to put some info across for a thinker/tinker.
Fintec ‘Share Consolidation has been completed following the listing and quotation of 197,563,422 Consolidated Shares and 7,278,682 Consolidated ICPS on the ACE Market of Bursa Securities with effect from 9.00 a.m. on 9 May 2024.’
After 3 months and a recent ‘blood bath’; is Fintec still doing well?
After Consolidation, Price adjusted to RM0.15 and as at Noon 07082024, Price RM0.205; a gain of 36.7%
Lowest on 05082024, Price of RM0.16 vs RM0.205; a gain of 28.1% and recovered to last Friday closing.
I don't follow Technax; what I know is that Fintec is recovering well…
Source: https://www.klsescreener.com/detail.php?code=0150
Happy Cherry Picking and TradeAtYourOwnRisk

Posted by whistlebower99 > 2024-08-28 13:13 | Report Abuse

OTHERS | https://www.klsescreener.com/v2/announcements/view/7698173

Directors used company money to invest in quoted securities
Unrealized losses exceeded 100 million
If company fund runs low, directors will likely raise more funds via shares issuance to PP ESOS or RI

Posted by M55555 > 2024-08-29 10:33 | Report Abuse

Wait for QR and see what the Directors performed

Posted by Daily88 > 2024-08-30 21:30 | Report Abuse

RESULT OUT. 22MIL PROFIT. CAN U BELIEVE THAT?

Posted by M55555 > 2024-08-30 23:01 | Report Abuse

So anything to share holder? Nothing. Remember ? September 2020 , 720MIL profit pun nothing, then some more kena pay out for Right Issue in NOV 2020 . Then June 2021 , lost 980 MIL . Who is enjoying the fun .. eh Fund.. eh party...

Posted by M55555 > 2024-08-30 23:02 | Report Abuse

May 2024 consolidated. Shareholder left with dust

Posted by 5354_ > 2024-08-30 23:50 | Report Abuse

Next year physical AGM any i3 members interested to attend? Can ask why no dividend for us for example?

Posted by limch > 2024-08-30 23:56 | Report Abuse

How about any1 of you interested to be no 1 Fintec shareholder? If not mistaken major shareholder only own 0.54%(less than 1%) of Fintec? Can we join force to be no 1 shareholder? Once become no 1 shareholder how about removing BOD not taking care our interest?

Posted by limch > 2024-08-30 23:59 | Report Abuse

Malaysian listed companies no longer allowed to hold virtual-only general meetings next year — regulators
https://theedgemalaysia.com/node/724984

Posted by BLee > 2024-09-01 11:39 | Report Abuse

“Daily88 > RESULT OUT. 22MIL PROFIT. CAN U BELIEVE THAT?”

“M55555 > So anything to share holder? Nothing. Remember ? September 2020 , 720MIL profit pun nothing, then some more kena pay out for Right Issue in NOV 2020 . Then June 2021 , lost 980 MIL . Who is enjoying the fun .. eh Fund.. eh party…”

“M55555 > May 2024 consolidated. Shareholder left with dust”

Very interesting questions, especially the profit is very much higher than the revenue. Almost the same question asked at Bornoil forum, i.e.
“Jack Khan
What type of standard of accounting by reporting Invested share valuation as profit ? so confuse!”
“Jack Khan
Paper profit should not be in the income Statement!! This only show the company try to CON investor!”

Yes, so confused! When Paper Loss is considered as Loss, why Not Paper Gain Not considered as Profit? I am also confused as I am not an Accountant; what I know for ‘Double Entry’; the manner for any Paper Losses and Paper Gain shall enter on the same Ledger…

Why do I compare these two counters? The reason is one is Consolidated and the other is not; not to discredit Bornoil as I have no interest in Bornoil, just trying to answer the second question on ‘Shareholder left with dust’...

Bornoil reported RM128.318 mil profit and EPS of 1.07sen. If based on Fintec Consolidated of 30 shares into 1; will be 32.1sen, a fantastic figure…
In the Fintec case, reported RM14.098 mil profit and EPS of 7.13sen (cumulative of RM 22 mil profit and EPS of 11sen). The two sets of figures reflect EPS could be higher with Consolidation as the numbers of shares reduced in the calculation; is it ‘Shareholder left with dust’??

In the latest QR, Fintec NTA was adjusted from RM0.0362 to RM1.2024; compared with the last closing price of RM0.18, sooooo undervalue… is it ‘Shareholder left with dust’?? It all depends on timing of entry, mine is at RM0.005 for both mother and ICPS before Consolidation and purchased more ICPS at RM0.1 after consolidation.
Happy Trading for the coming week and TradeAtYourOwnRisk

Posted by 5354_ > 2024-09-02 10:54 | Report Abuse

Up 1.5 sen it because of QR EPS 7.13 sen and NTA finally adjusted to RM 1.2024? Insas supporters also said Insas very undervalue.