fiamma20 Already disposed long time ago at RM2.48. It has been a month after the EGM, the Management has decided to abort the proposed bonus issue and share split as there has been insufficient capital reserve to declare bonus shares. Just wait for the announcement in the next few day. 24/03/2016 09:51
iamma20, I think you must be an chartered accountant,it is so good that you have found the company has been INSUFFICIENT CAPITAL RESERVE to declare bonus shares.
Fiamma20, it does not make sense for you to say Fiamma has INSUFFICIENT CAPITAL RESERVE to declare bonus shares. They don't have to use their reserve to do that!
xxxxxxxx Posted by fiamma20 > Mar 30, 2016 04:33 PM | Report Abuse
In normal circumstances, a company will complete the proposals as soon as possible after obtaining the shareholders' approval at an EGM. In Fiamma's case, there has been no progress since 23 February 2016. So, even though they have obtained the shareholders' approval, the proposals will (not might) be aborted anytime! Watch out buddy!
cytew fiamma20 Already disposed long time ago at RM2.48. It has been a month after the EGM, the Management has decided to abort the proposed bonus issue and share split as there has been insufficient capital reserve to declare bonus shares. Just wait for the announcement in the next few day. 24/03/2016 09:51
fiamma20, I think you must be an chartered accountant,it is so good that you have found the company has been INSUFFICIENT CAPITAL RESERVE to declare bonus shares. 28/03/2016 08:39
@cytew, the user fiamma20 is incorrect. Fiamma has RM233m in reserves and retained earnings, and he claims that is not enough? The bonus issue only uses up to RM58m.
- Decrease in revenue this quater due to lower contribution from property developement.
- Higer property developement contribution preceding financial period mainly from group's commerical developement in Jalan Tuanku Abdul Rahman, Kuala Lumpur which was completed in March 2015.
- The development in Taman Kota Jaya in Kota Tinggi, Johor is on going. The development of Vida Heights,comprising 247 units of serviced apartment in Johor Bahru which commenced construction in 2014 is expected to be completed in the second half of 2016.
- Relocation and centralisation of exsiting warehouse in bandar manjalara to a new and larger capacity warehouse in bukit raja industrial hub had completed in oct 2015. This is expected to improve operation efficiency.
That most important , this company profit keep low than low , I think this will be a big problem, I am think not suitable for long term invest . Good luck for u guy
I think it would not likely to move up much before ex date, because i anticipate that the management would like to implement an attractive ESOS with good option price which is to be determined only after bonus and split exercise....
I was told that the bonus issue would be cancelled due to insufficient reserve .... empty vessel always make a lot of noises, a nut always is a nut, just can not think logically beside talking rubbish.
@fiamma20, you are the one to say that they have insufficient reserves to carry out the bonus issue, which is a completely wrong fact. That already proves that you are a mental nut case, or have zero financial knowledge, or are tying to mislead people here. Which one are you?
05/04/2016 - loveygramps - "Fiamma has RM233m in reserves and retained earnings, and he claims that is not enough? The bonus issue only uses up to RM58m."
When someone keep talking about something negative issues, end up he don't know the basic knowledge of these issues, it shows how idiots & childish he is.
@Kinglive, if you do not know what you are talking about, please refrain from commenting with such absolute statements. To me, it looks like good news.
@Kinglive, you are so wrong. That's why I said you should stop commenting with such absolute statements if you don't have the knowledge. (1) Company buying and selling treasury share is normal. You should ask, who is the buyer? Who bought 2.38 million shares? Is this good news? (2) The company did not sell 497 million as you incorrectly claimed. The value is RM4.98 million.
@Kinglive, don't need to say who is right or wrong at last, that is future, might change, who knows. I am talking about NOW. All the information or facts that you provided NOW are wrong.
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2946 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Invest123
1,602 posts
Posted by Invest123 > 2016-03-16 19:45 | Report Abuse
Do your homework, don't be fooled and lost money.