MNC is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 29 August 2022.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
List of penny stocks with shares consolidation :-
2022 in progress - MNC, MERIDIAN, LKL, IMPIANA, FAST, VSOLAR
Rugi teruk dalam manipulasi penny stok milik related parties kan???
Quarterly rpt on consolidated results for the financial period ended 30 Jun 2022 JOE HOLDING BERHAD
Financial Year End 31 Mar 2023 Quarter 1 Qtr Quarterly report for the financial period ended 30 Jun 2022 The figures have not been audited Attachments JOE Holding-Q1 2023.pdf 386.7 kB Default CurrencyOther Currency Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2022
INDIVIDUAL PERIOD CUMULATIVE PERIOD CURRENT YEAR QUARTER PRECEDING YEAR CORRESPONDING QUARTER CURRENT YEAR TO DATE PRECEDING YEAR CORRESPONDING PERIOD 30 Jun 2022 30 Jun 2021 30 Jun 2022 30 Jun 2021 $$'000 $$'000 $$'000 $$'000 1 Revenue 5,871 4,934 5,871 4,934 2 Profit/(loss) before tax -28,678 6,644 -28,678 6,644 3 Profit/(loss) for the period -28,678 6,644 -28,678 6,644 4 Profit/(loss) attributable to ordinary equity holders of the parent -28,765 6,630 -28,765 6,630 5 Basic earnings/(loss) per share (Subunit) -0.94 0.35 -0.94 0.35 6 Proposed/Declared dividend per share (Subunit) 0.00 0.00 0.00 0.00
AS AT END OF CURRENT QUARTER AS AT PRECEDING FINANCIAL YEAR END 7 Net assets per share attributable to ordinary equity holders of the parent ($$) 0.0600 0.0700
Definition of Subunit: In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit. Example for the subunit as follows:
Country Base Unit Subunit Malaysia Ringgit Sen United States Dollar Cent United Kingdom Pound Pence
Announcement Info Company Name JOE HOLDING BERHAD Stock Name JOE Date Announced 30 Aug 2022 Category Financial Results Reference Number FRA-30082022-00042
NEXGRAM is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 14 September 2022.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
=============== More than 4.5 BILLION shares and warrants combined Very heavy for a loss making penny stock
=============== Multi year loss making penny stock Directors utilising company funds for investment in other penny stocks, incurring losses and paper losses Directors continue to receive payments
============== Be careful of low price high NOSH penny stocks
Directors unable to bring in profits from businesses Multi quarter losses, Multi year losses Directors continue to receive payment
=================== To approve and ratify the additional payment of Directors' fees amounting to RM230,000 which was in excess of the earlier approved amount of RM364,000 from 22nd AGM up to the conclusion of the 23rd AGM.
=================== To approve the payment of Directors' fees amounting to RM792,000 to the Directors of the Company from 23rd AGM up to the conclusion of the Twenty-fourth Annual General Meeting ("24th AGM").
Joe invested a lot in pasukhas also started moving today :)
SUBSCRIPTION OF 249,720,000 RIGHTS SHARES TOGETHER WITH 145, 670,000 FREE WARRANTS IN PASUKHAS GROUP BERHAD (PASUKGB) BY GP AUTOBAT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF JOE JOE HOLDING BERHAD
Type Reply to Query Reply to Bursa Malaysia's Query Letter - Reference ID IQL-22072021-00002 Subject SUBSCRIPTION OF 249,720,000 RIGHTS SHARES TOGETHER WITH 145, 670,000 FREE WARRANTS IN PASUKHAS GROUP BERHAD (PASUKGB) BY GP AUTOBAT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF JOE Description JOE HOLDNG BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) ("JOE" OR "THE COMPANY") - ADDITIONAL INFORMATION ON SUBSCRIPTION OF 249,720,000 RIGHTS SHARES TOGETHER WITH 145,670,000 FREE WARRANTS IN PASUKHAS GROUP BERHAD BY GP AUTOBAT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY Query Letter Contents We refer to JOE’s announcement dated 21 July 2021 in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:
1) The total cost to subscribe for the 249,720,00 rights shares in PASUKGB (including the acquisition cost of the rights to subscribe for the rights shares) and the updated highest percentage ratio.
2) Other than the synergies with regard to the construction of the gloves factories, to provide further justification to subscribe for the rights shares in PASUKGB taking into consideration that the principal business activities of PASUKGB and JOE are not similar.
3) Whether the subscription tantamount to diversification in operations of the Company pursuant to Paragraph 10.13 of the Main Market Listing Requirements, together with the basis thereof.
4) The Company undertook a series of fund raising exercises in 2020 and 2021 (two private placements in 2020 and 2021 respectively and rights issue in 2021) to raise funds for its gloves business. In this regard, to provide detailed justification to subscribe for the rights shares in PASUKGB which is funded from internally generated funds while the Company needs to undertake various fund raising exercises to fund its existing gloves business.
5) Future plans of the Group on PASUKGB given the substantial shareholdings of 21.58% in PASUKGB.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
We refer to JOE’s announcement dated 21 July 2021 (“Announcement”) in relation to the subscription of 249,720,000 Rights Shares together with 145,670,000 Free Warrants in Pasukhas Group Berhad (“PASUKGB”) by GP Autobat Sdn Bhd (“GP Autobat”), a wholly-owned subsidiary of the Company, and query from Bursa Malaysia Securities Berhad (“Bursa Securities”) vide its letter dated 22 July 2021 in relation to the same (“Bursa Queries”).
Please refer to the attachment for further details.
This announcement is dated 26 July 2021.
Please refer attachment below.
Attachments JOE - Additional Information (26.07.2021).pdf 128.8 kB
Announcement Info Company Name JOE HOLDING BERHAD Stock Name JOE Date Announced 26 Jul 2021 Category General Announcement for PLC Reference Number GA1-23072021-00072
Joe Holding to focus on enhancing its value chain - The Starhttps://www.thestar.com.my › business › 2021/08/10 › j... 10 Aug 2021 — KUALA LUMPUR: Joe Holding Bhd (formerly GPA Holdings Bhd), (fil pic) which is diversifying into the glove business, intends to turn around ...
joe dah menghabiskan banyak dananya untuk membeli syer pasukhas... bagaimanakah joe dapat memulihkan harga syer pasukhas? jika pasukhas tak naik, joe pun mati :)
Barangkali lebih banyak syer pasukhas akan disapu oleh joe. Banyak dana tak terpakai dari right issue hahaha
KUALA LUMPUR (Dec 15): Joe Holding Bhd said it has yet to fully utilise the proceeds of two private placements that raised a total of RM66.3 million for investments in the glove business.
As such, the group has decided to extend the time frame to utilise the proceeds by 12 months, Joe Holding said in a bourse filing.
The automotive batteries and components manufacturer had raised RM39.7 million from the first placement that was completed on Dec 15, 2020, and RM24.6 million from the second placement that was completed on Jan 13, 2021.
The intended time frame for the use of the proceeds from both placements was 24 months.
As of Sept 30, 2022, Joe Holding said RM24.6 million of the RM39.7 million raised from the first placement had yet to be utilised.
For the second placement, RM26.32 million of the RM26.6 million raised was unutilised.
Joe Holdings said the revised time frame was in the best interest of the group and would not have a material adverse effect on its financial performance.
“The revised time frame does not require the approval of the Securities Commission Malaysia, or any other regulatory authorities or the shareholders of Joe Holding,” it added.
Joe Holding’s share price rose 0.5 sen or 25% to 2.5 sen on Thursday (Dec 15), giving the group a market capitalisation of RM76.48 million.
SUBSCRIPTION OF 249,720,000 RIGHTS SHARES TOGETHER WITH 145, 670,000 FREE WARRANTS IN PASUKHAS GROUP BERHAD (PASUKGB) BY GP AUTOBAT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF JOE JOE HOLDING BERHAD
Type Reply to Query Reply to Bursa Malaysia's Query Letter - Reference ID IQL-22072021-00002 Subject SUBSCRIPTION OF 249,720,000 RIGHTS SHARES TOGETHER WITH 145, 670,000 FREE WARRANTS IN PASUKHAS GROUP BERHAD (PASUKGB) BY GP AUTOBAT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF JOE Description JOE HOLDNG BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) ("JOE" OR "THE COMPANY") - ADDITIONAL INFORMATION ON SUBSCRIPTION OF 249,720,000 RIGHTS SHARES TOGETHER WITH 145,670,000 FREE WARRANTS IN PASUKHAS GROUP BERHAD BY GP AUTOBAT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY Query Letter Contents We refer to JOE’s announcement dated 21 July 2021 in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:
1) The total cost to subscribe for the 249,720,00 rights shares in PASUKGB (including the acquisition cost of the rights to subscribe for the rights shares) and the updated highest percentage ratio.
2) Other than the synergies with regard to the construction of the gloves factories, to provide further justification to subscribe for the rights shares in PASUKGB taking into consideration that the principal business activities of PASUKGB and JOE are not similar.
3) Whether the subscription tantamount to diversification in operations of the Company pursuant to Paragraph 10.13 of the Main Market Listing Requirements, together with the basis thereof.
4) The Company undertook a series of fund raising exercises in 2020 and 2021 (two private placements in 2020 and 2021 respectively and rights issue in 2021) to raise funds for its gloves business. In this regard, to provide detailed justification to subscribe for the rights shares in PASUKGB which is funded from internally generated funds while the Company needs to undertake various fund raising exercises to fund its existing gloves business.
5) Future plans of the Group on PASUKGB given the substantial shareholdings of 21.58% in PASUKGB.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
We refer to JOE’s announcement dated 21 July 2021 (“Announcement”) in relation to the subscription of 249,720,000 Rights Shares together with 145,670,000 Free Warrants in Pasukhas Group Berhad (“PASUKGB”) by GP Autobat Sdn Bhd (“GP Autobat”), a wholly-owned subsidiary of the Company, and query from Bursa Malaysia Securities Berhad (“Bursa Securities”) vide its letter dated 22 July 2021 in relation to the same (“Bursa Queries”).
Please refer to the attachment for further details.
This announcement is dated 26 July 2021.
Please refer attachment below.
Attachments JOE - Additional Information (26.07.2021).pdf 128.8 kB
Announcement Info Company Name JOE HOLDING BERHAD Stock Name JOE Date Announced 26 Jul 2021 Category General Announcement for PLC Reference Number GA1-23072021-00072
joe sebagai batu loncatan untuk pasukhas je... dana joe pun disalurkan kpd pasukhas melalui pembelian syer pasukhas... belilah syer pasukhas direct macam joe lagi berbaloi... tak payah pakai orang tengah iaitu joe hahaha
Joe tak jadi bina kilang glove. Barangkali, pakai dana lebihan untuk swastakan pasukhas:)
Automotive parts manufacturer EP Manufacturing Bhd (EPMB) had, in October 2022, announced its venture into electric car manufacturing, about a month after the group received the government’s approval to license its first-ever electric two-wheeler.
TWO years ago, Malaysia saw a flurry of companies rushing into glove manufacturing as they tried to get a slice of the pandemic-driven demand.
But the craze quickly died out and this year, an increasing number of listed companies are instead jumping on the electric vehicle (EV) bandwagon.
EDUSPEC & DOLPHIN are the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 13 January 2023.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses due to the corporate exercises
List of penny stocks with shares consolidation :-
2023 proposal in progress - MERIDIAN, VSOLAR, DOLPHIN, EDUSPEC
joe punya wang dah dilaburkan dalam pasukhas... pasukhas tak naik, joe pun tak dapat naik.. joe harus cari pembeli untuk stakenya dalam pasukhas haha
S AT 29 MARCH 2022 Total Issued Share : 1,787,366,524 Ordinary Shares Types of Shares : Ordinary Shares Voting Rights : One (1) vote per Ordinary Share DISTRIBUTION OF SHAREHOLDINGS AS AT 29 MARCH 2022 Size of Shareholdings No. of Shareholders No. of Shares Percentage of Shareholdings (%) Less than 100 362 14,532 0.0008 100 to 1,000 1,011 638,438 0.0357 1,001 to 10,000 3,030 16,981,940 0.9501 10,001 to 100,000 4,399 202,853,920 11.3493 100,001 to less than 5% of issued shares 2,391 1,468,786,594 82.1761 5% and above of issued shares 1 98,091,100 5.4880 Total 11,194 1,787,366,524 100.0000 DIRECTORS’ SHAREHOLDINGS AS PER THE REGISTER OF DIRECTORS’ SHAREHOLDINGS Direct Interest Indirect Interest Names No. of Shares Percenta ge (%) No. of Shares Percenta ge (%) 1. MEJAR DATO’ ISMAIL BIN AHMAD - - - - 2. WAN THEAN HOE 10,000 0.0006 - - 3. MAK SIEW WEI 46,070,000 2.5775 - - 4. TANG BOON KOON - - - - 5. DATO’ NIK ISMAIL BIN DATO’ NIK YUSOFF - - - - 6. YAP CHEE KEONG - - - - 7. TEOH KIM HOOI 3,900,000 0.2182 - - SUBSTANTIAL SHAREHOLDER AS PER THE REGISTER OF SUBSTANTIAL SHAREHOLDERS Direct Interest Indirect Interest Names No. of Shares Percentage (%) No. of Shares Percentage (%) 1. JOE HOLDING BERHAD - - 260,310,000 14.5639 2. GP AUTOBAT SDN. BHD. 260,310,000 14.5639 - -
================ Be aware that directors have the power to propose shares consolidation to reduce the NOSH and then raise more fund via rights issue as well as continue with shares issuance to PP & ESOS in near future.
It looks like JOE is not able to tap into the EV boom, although it has more than 50 years of experience and produced the GP batteries! Missed opportunity??
JOE HOLDINGS formerly known as GPA HOLDINGS Directors more interested in investing and speculating on other loss making penny stocks , like Bioalpha, Pnepcb, Pasukgb
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show Multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
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....
Icon 888
1,832 posts
Posted by Icon 888 > 2022-08-08 01:59 | Report Abuse
Lepas consolidate baru beli la