We shareholders just want the company to run professionally with profit and growth. We invested our money, we want our dividend. What is the purpose of giving to esos to employees which includes ceo, directors,relatives and under perform and worst making lost for 12 millions in just a year. They already have their salary and bonuses, read their expenses on the annual report, there is no measurement during the economy slowdown.
---------------------------------------- kelvinfixx bullbear also gone missing. ------------------------------------------
BullBear is now a monyet who has cabut lari..LOL... BullBear: You betul betul bodahlar...no balls to come out and face me..LOL MPAY dropped again..lets see how low it will go..LOL
to be honest, this stock got no roe, no pe, no dividend past 5 years and you guy still brave enough to buy it. doesn't you feel like gambling?? just saying...... don't feel hard about it
Be careful when someone like Mediba took the time and trouble to write long stories daily to promote a stock. Why should he do it, to help us make money? Well, do not blame anyone, that is the ways the game is played here. Remember that KYY and the Focus Lumber?? Just be cautious with our hard earned money.
KUALA LUMPUR:18-7-2016 Groups of local sophisticated investors, comprising high-net-worth individuals, *have pooled funds amounting to RM200 million to actively buy into Bursa Malaysia-listed penny stocks* - defined as those priced at less than RM1 — in the next few months, which marks the beginning of open season for penny stocks, according to sources with local investment banks.
Of the exclusive investment clubs being formed, one of them is eyeing 20 penny stocks and so far has identified at least three potential target companies, according to The Edge Malaysia's cover story for the week of July 18 2016, entitled 'Riding the penny stock roller coaster' by Liew Jia Teng.
“They are approaching a few investment banks to help them hunt for penny stocks that are valued at below 50 sen per share, preferably loss-making and debt-laden companies in the services and manufacturing sectors. Basically, they will come in as white knights with restructuring and turnaround plans,” a source told the weekly.
The development is not unheard of as the period from June to August is usually the most popular season for the trading of penny stocks because it is easier to create excitement when the market is running low on ideas, another source highlighted.
*“It’s not something unusual because it thappens almost every year, but I would say that the situation is getting more severe this year*. There are always concerns that the so-called ‘white knight’ investors may pull out their investments after the share prices move up, leaving some clueless retail investors in limbo,” he warned.
The high-velocity penny stock world has also always been a playground for traders and speculators, who seek to make quick and easy money in a short period of time.
But for retail investors, the highly speculative nature in penny stocks trading is like playing musical chairs — fun and exciting when you're winning, but you don't want to be left holding the shares when the rally stops.
Areca Capital Sdn Bhd CEO Danny Wong Teck Meng cautioned that while the backgrounds of the white knights do carry a certain weight, it is more important to keep track of the execution of their turnaround plans, and advised retail investors not to be overly excited about the turnaround game plan before it is carried out.
But among those who are seeing a positive turnaround is Borneo Oil Bhd, after Tan Sri Lau Cho Kun emerged as a substantial shareholder in the company in October 2014, cited Wong. Cho Kun is the nephew of the late Tan Sri Lau Gek Poh, who founded the Hap Seng Group.
But a white knight does not guarantee a happy ending, as evidenced in the numerous cases of ambitious plans — be it corporate turnarounds, restructuring exercises or business diversification projects .
ACE Market-listed ManagePay Systems Bhd said it received today the licence to conduct domestic fund transfer activities among its e-Money users via its MPay Portal and MPay Wallet from the central bank.
In bourse filing today, ManagePay said it had received from Bank Negara the Class B Licence to carry out money services business for a one-year period — from July 13 this year to July 12, 2017 — for issuance of electronic money pursuant to the Money Services Business Act 2011.
The licence is renewable yearly, said the company in the filing.
ManagePay first received the letter of award from Bank Negara in February 2015 to issue e-money via its proposed online wallet called MPAY Balance and prepaid card MPAY Mastercard.
Huh ? activity on counter because of the announcement ? Just too much "vapourware" past few months to be hyper about. Its like vendors trying to sell their products through white papers but no hard numbers nor history. Couple with what was demonstrated last AGM ... I will thread with caution mind you. Just don't think there is any significant value nor the people execution in the company right now. Ain't "No right stuff" and aint believing....
I have been an investor of MPAY hoping for some big news but I just don't see the how the company gonna make lots of money from this Mastercard prepaid due to the following reasons:
1) Only can be used for Mastercard owners, limiting other credit card users (BIG DISADVANTAGE). 2) The features it offers, which allows fund transfers is just an alternative/platform to what people are currently practicing, via the bank. Things like paying salary can be easily done via online banking. I just don't see how big corporations will be doing all these via MPAY. 3) Limit per transaction of RM10,000 is seriously restricting to small companies only. Even small companies may find that sum too low as certain transactions could easily exceed RM10,000 for small companies.
MPay is a fintech company, offering a solution which is currently not needed by the market due to existing technologies and facilities that can easily be offered by banks.
For them to say they expect RM40mil of total ARPU is just another forward-looking statement which in the past, many companies have made such promises but failed to deliver. Even if they achieve RM40mil ARPU is considered very low due to the razor thin margin they earned through clearing fees.
I have been in the payment industry for more than 10 years and I know what I'm saying. You can just check out my posts on which payment counter I find with more potential.
I second what WiseEye has mention above. MPAY has made a promise and we are expecting the CEO to deliver RM 40 mil of total ARPU from next few quarters announcement. I should also expecting MPAY to declare dividend for the near future.
Oh goodness. I start to worry when comments are bordering on wishful thinking . Damn ! The CEO better have iron man suit next time i see him. What a wanker. !!
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....
gardens
2 posts
Posted by gardens > 2016-06-14 17:42 | Report Abuse
where is madiba?