FOUNDPAC GROUP BERHAD

KLSE (MYR): FPGROUP (5277)

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Last Price

0.355

Today's Change

+0.01 (2.90%)

Day's Change

0.345 - 0.365

Trading Volume

1,499,500


10 people like this.

6,291 comment(s). Last comment by Sanofi 1 month ago

Posted by yingbinhuei > 2017-09-30 21:13 | Report Abuse

I hv bet all rm to tis fpg share.I hv confidence to tis share.I hv hold tis share already 9 month.
F.pac = F.book

Striker90

2,617 posts

Posted by Striker90 > 2017-10-01 15:18 | Report Abuse

Friday closing, the bidder volume shoot up to 7.6Million shares compared to seller at 1.5Million shares

Striker90

2,617 posts

Posted by Striker90 > 2017-10-01 15:19 | Report Abuse

this is definitely the highest buying queue vol

tksw

12,898 posts

Posted by tksw > 2017-10-01 16:55 | Report Abuse

yingbinhuei sifu, what made you so confident?

signor

33 posts

Posted by signor > 2017-10-01 17:00 | Report Abuse

Insider selling like no tomorrow. why?

Striker90

2,617 posts

Posted by Striker90 > 2017-10-01 17:57 | Report Abuse

Shares exchange

signor

33 posts

Posted by signor > 2017-10-01 18:14 | Report Abuse

open market disposal, exchange with you?

Posted by yingbinhuei > 2017-10-01 19:22 | Report Abuse

tksw.u no who is ah boon ?I trust tis guy.

Posted by yingbinhuei > 2017-10-01 21:14 | Report Abuse

tksw.tis guy say 2017 tis share must buy.
he give another share tips,din say the word must buy.so confident.

jibkor

455 posts

Posted by jibkor > 2017-10-02 14:10 | Report Abuse

wait at 0.77

jibkor

455 posts

Posted by jibkor > 2017-10-02 14:10 | Report Abuse

bonus need to wait until next year 2018 feb

Yipi

1,239 posts

Posted by Yipi > 2017-10-02 14:19 | Report Abuse

need to wait so long.. not end of this year??

Pavillion

3,100 posts

Posted by Pavillion > 2017-10-02 17:14 | Report Abuse

Today another batch off market deals @ 85.

The_Reds

2,025 posts

Posted by The_Reds > 2017-10-02 18:34 | Report Abuse

Pavillion..where did u see the news?

tksw

12,898 posts

Posted by tksw > 2017-10-02 18:44 | Report Abuse

1.5 mil off market deals at 850.

jibkor

455 posts

Posted by jibkor > 2017-10-02 18:54 | Report Abuse

yipi , den u wait until end of year have bonus or not ..... haha

Striker90

2,617 posts

Posted by Striker90 > 2017-10-02 19:19 | Report Abuse

Top up again tmr!

tksw

12,898 posts

Posted by tksw > 2017-10-02 19:50 | Report Abuse

Striker sfiu, you no scare meh?

Yipi

1,239 posts

Posted by Yipi > 2017-10-02 20:45 | Report Abuse

Internal info.. How to know got deal

signor

33 posts

Posted by signor > 2017-10-02 20:54 | Report Abuse

14 mil open market dispose. why? distribute to retailers?

1. Direct Interest (Purchase through Open Market) - 700 shares
2. Direct Interest (Disposal through Open Market) 14,663,000 shares
3. Direct Interest (Off Market Disposal) 600,000 shares
4. Deemed Interest pursuant to Section 8 of the Companies Act 2016 via FoundPac Holdings Sdn. Bhd. (Off Market Disposal) - 5,000,000 Shares

tksw

12,898 posts

Posted by tksw > 2017-10-02 20:55 | Report Abuse

Yipi sifu, it's in your stockbroker platform la. go find it

tksw

12,898 posts

Posted by tksw > 2017-10-02 20:59 | Report Abuse

that day the 5mil shares disposed of off-market at 950 on 26 sep, I guess it's the one just announce. there is another 600k shares disposed of off market at 850 on 28 sep, guess it was Lee's shares.

tksw

12,898 posts

Posted by tksw > 2017-10-02 21:03 | Report Abuse

those bought off market at 950 and 850 will scold loud loud the directors

tksw

12,898 posts

Posted by tksw > 2017-10-02 21:04 | Report Abuse

sold so expensive than bombed the market with 14mil shares...

Pavillion

3,100 posts

Posted by Pavillion > 2017-10-02 21:36 | Report Abuse

Institution scooped 16M last wk.

Posted by TanTeeHean > 2017-10-02 22:19 | Report Abuse

Management reliable?

Striker90

2,617 posts

Posted by Striker90 > 2017-10-02 22:36 | Report Abuse

All is well, as long as the shares exchange complete. It start climbing up, not much chance to get at 0.80. Continye accumulate

Striker90

2,617 posts

Posted by Striker90 > 2017-10-02 22:37 | Report Abuse

I'm buying on the company future and prospect

Striker90

2,617 posts

Posted by Striker90 > 2017-10-03 08:21 | Report Abuse

Here is the Hint!

tan850201

151 posts

Posted by tan850201 > 2017-10-03 08:37 | Report Abuse

the share off market, is it the share buy back activity?

tan850201

151 posts

Posted by tan850201 > 2017-10-03 08:37 | Report Abuse

which has been announced earlier

tan850201

151 posts

Posted by tan850201 > 2017-10-03 09:19 | Report Abuse

looks like it will bound shortly

lkhoong

328 posts

Posted by lkhoong > 2017-10-03 14:06 | Report Abuse

buyer back

Pavillion

3,100 posts

Posted by Pavillion > 2017-10-03 18:15 | Report Abuse

A good buy by FP, compare to industries P.E.

saltedfish

3,282 posts

Posted by saltedfish > 2017-10-04 12:02 | Report Abuse

Gathering upward momentum

Posted by GainerHengHeng > 2017-10-04 12:26 | Report Abuse

Good company with prospect...

tksw

12,898 posts

Posted by tksw > 2017-10-04 14:20 | Report Abuse

saltedfish sifu, you no run away meh? directors sold shares wor, scard die me

Posted by Investor 9999 > 2017-10-04 14:33 | Report Abuse

I have analysed the recent (from 8 Sept to 28 Sept) disposals by key shareholders (or promoters of the IPO) in total of 40 million shares.

Share price dropped after all the transactions see the attached Chart where shaded areas is the period of disposals by promoters and the price dropped after disposals. Few transactions of 26 million shares done thru the market and balance of
14 million shares was traded off market deals by DBT and price above market price as follows.

7 million was sold on 8 sept at 85 when the day market range from L80.5 to H 84.5
2 million was sold on 14 Sept at 85 when the day market range from L80 to H 81.5
5 million was sold on 26 Sept at 95 when the day market range from L87 to H 92.5

On 21 Sept Co announced (I) PROPOSED BONUS ISSUE; (II) PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME; AND (III) PROPOSED SHARE BUY-BACK
The bonus issue done so fast after IPO is unusual and I think is more of to boost the share price for the third placement on 26 Sept at 95 Sen

I asked myself was the pricing to deliberate mislead the market on Company’s valuation and misguided all investor to believe its undervaluation? I think more likely so

Investors or Institutions buying block of shares generally expect and get a discount from market price and at most paid market price if going forward Co performance is expected to so good and promoters can convince investors.

Just note that at 85 Sen the forward PE is 26.5 and at 95 Sen the forward PE is 29.7. Any astute investor will not pay this price unless there is price adjustment behind without public knowledge.

Is the share price being coordinated and pushed up each time for the promotors to unload their shares in the last 3 weeks. Looks likely.

Well the placement could be transferred the blocks out for warehousing for operators to goreng the share. This theory may hold water.

Anyway I bought in betting on it to be goring and would cut if touches 80 Sen. My EP is 82 and buying more if got momentum.

Have to be careful as the share is overvalued. I buy for speculation

The_Reds

2,025 posts

Posted by The_Reds > 2017-10-04 19:00 | Report Abuse

We refer to the announcements dated 21 and 26 September 2017 in relation to the Proposals (“Announcements”).

Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the Company’s Announcements.

On behalf of the Board of Directors of FoundPac, TA Securities is pleased to announce that Bursa Securities has, vide its letter dated 4 October 2017, approved the following: -

(a) listing and quotation of up to 148,000,000 Bonus Shares to be issued pursuant to the Proposed Bonus Issue; and

(b) listing of such number of new ordinary shares, representing up to 10% of the total number of issued Shares of FoundPac, to be issued pursuant to the exercise of Options under the Proposed ESOS.

The approval by Bursa Securities is subject to the following conditions: -

(i) FoundPac and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue;

(ii) FoundPac and TA Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue;

(iii) FoundPac to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed;

(iv) FoundPac or TA Securities are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) & (b) and 6.35(4) of the Listing Requirements;

(v) TA Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting;

(vi) FoundPac is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Options under the Proposed ESOS as at the end of each quarter together with a detailed computation of listing fees payable; and

(vii) To incorporate the comments by Bursa Securities in the circular to shareholders in relation to the Proposed Bonus Issue and Proposed ESOS.

In the event the new ordinary shares to be issued pursuant to the exercise of Options under the Proposed ESOS will be listed and quoted as the existing securities of the same class, quotation of the new ordinary shares will commence on the next market day after the following:

(i) Submission of the share certificate together with a covering letter containing the summary of the exercise of Options under the Proposed ESOS to Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”) before 10.00 a.m. on the market day prior to the listing date;

(ii) Receipt of confirmation from Bursa Depository that the additional new ordinary shares are ready for crediting into the securities accounts of the respective account holders; and

(iii) An announcement in accordance to paragraph 13.2 of PN28 is submitted via Bursa Link before 3.00 p.m. on the market day prior to the listing date.

In the event the new ordinary shares to be issued pursuant to the exercise of Options under the Proposed ESOS will be separately quoted from the existing securities i.e. “A” shares, the listing and quotation of the new ordinary shares will take place two (2) market days upon the receipt of an application for quotation by Bursa Securities as specified under Part C of Annexure PN28-B.

FoundPac is required to ensure full compliance of all the requirements pertaining to the Proposed Bonus Issue and Proposed ESOS as provided under the Listing Requirements at all times.

This announcement is dated 4 October 2017.

tksw

12,898 posts

Posted by tksw > 2017-10-04 19:44 | Report Abuse

fast!

tksw

12,898 posts

Posted by tksw > 2017-10-05 14:00 | Report Abuse

ACME SKY this time for real is the new subtantial shareholders liao.

Will911

149 posts

Posted by Will911 > 2017-10-05 17:34 | Report Abuse

Name MR ANDREW SU MENG KIT
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary
Name & address of registered holder Acme Sky Sdn. Bhd.
52 (1st Floor), Jalan Lembah Permai 4,
Taman Lembah Permai,
14000 Bukit Mertajam, Penang
Date interest acquired & no of securities acquired

Date interest acquired 02 Oct 2017
No of securities 33,000,000
Circumstances by reason of which Securities Holder has interest Acquired 100% equity interest in Acme Sky Sdn. Bhd.
Nature of interest Deemed Interest

Striker90

2,617 posts

Posted by Striker90 > 2017-10-05 17:45 | Report Abuse

Profile Andrew Su Meng Kit

Striker90

2,617 posts

Posted by Striker90 > 2017-10-05 17:47 | Report Abuse

Mr Andrew Su Meng Kit is the Non-Independent Non-Executive Director of Acme Holdings Berhad and Vice President of TA Securities Holdings Berhad.

Striker90

2,617 posts

Posted by Striker90 > 2017-10-05 17:49 | Report Abuse

He is VP of TA Securities Holdings Berhad

choop818

707 posts

Posted by choop818 > 2017-10-05 17:56 | Report Abuse

Deputy President of TA Securities?

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