Posted by alexlim2020 > 2022-10-14 19:21 | Report Abuse

Anyone can explain announcements today bonus warrant ?? Free ??? Any impact to share price

Posted by Michael Kwok > 2022-10-14 20:00 | Report Abuse

Revenue downgrade below 70 cents
Price 90-91 sell call.
14/10/22 8.01pm

Posted by redhotpepper > 2022-10-14 22:33 | Report Abuse

What's this bonus thingy from revenue all about?

Posted by Stock beginner > 2022-10-16 22:57 | Report Abuse

Assume current price is RM1 and your holding 1000 unit
after bonus 6 for 1:
1. your unit = 1000+ (1000/6 ) = 1000+ 16 = 1016
2. expected adjust share price = 1000/1016 * 1 = 0.98
3. your invested capital = 0.98 * 1016 = 995

Posted by James Teo > 2022-10-16 23:12 | Report Abuse

its worth to keep long term..... ?

Posted by Besafe > 2022-10-17 09:38 | Report Abuse

Eddie ng new tactic on warrant. Have to wait what he will blow this round. Haha

Posted by alexlim108899 > 2022-10-17 12:26 | Report Abuse

Why give free warrant , price no fly ??? Any issues happen for the announcement ??

Posted by Stock beginner > 2022-10-17 12:33 | Report Abuse

James, that is something you have to decide on your own.
Profit or loss have nothing to do with us (unless someone collecting tuition fees or want to goreng)
Therefore trust nobody but yourself :)

Posted by YapJH > 2022-10-17 14:05 | Report Abuse

The warrants A still got about 1+ year to go, and still have outstanding 150millions yet to convert and majority of the warrants A still in the hand of the founders, except the MD which sold most of his warrants.

If really want to reward the minority shareholders and need cash to grow the company, they should convert the warrant A, increase the base, and free up more shares then can give like 1 to 1 or 1 to 2 or 1 to 3. Both the maximum and minimum scenario now give out lower Warrants B. Worse than warrant A.

The exercise price of RM0.90 is only RM0.15 higher than warrants A. So this will affect warrants A price now because many people have invested during the high price. Warrants B is giving out as free. Maybe minority shareholder during the shareholder meeting should questions the board on what basis they think this is in the best interest for the warrants A holder.

Posted by Chong Eason > 2022-10-17 17:29 | Report Abuse

Why revenue decided to have warrant B at this current scenario because Warrant A has insufficient time to capture the second phase growth value in full , so they need to have a new warrant now while mother share price is still low in order for existing shareholders of the company to benefit from any potential capital appreciation of the warrant. In addition to this , warrant B and A are tools that will help existing shareholders to minimise dilution that to be caused by issuing new shares for possible acquisitions and placement of shares to third parties for fundraising by the company.

Posted by Chong Eason > 2022-10-17 17:30 | Report Abuse

Base on my observation, my 2cent point of view. From the way, management plan it, I am looking forwards 2nd phase of growth is on its way. Let’s just wait and see.

Posted by Stock beginner > 2022-10-17 21:35 | Report Abuse

1. with warrant B, warrant A holder is being diluted
2. private placement always will diluted existing shareholders, with or without warrant
3. the best reward is dividend with reinvestment plan

Posted by YapJH > 2022-10-18 00:07 | Report Abuse

It will be interesting to see what is the justification that the management will give instead of those textbook answer to enjoy the capital appreciation, reward the shareholders, participate in future growth etc.

At the very beginning, there is no hurry to issue the warrant B, because there is still a big chunk of warrants A out there. So this will affect how many shares that the warrants B can issue. Is a 1 to 6 bonus issue good for shareholders? It is better than nothing. But if you wait for the warrants A to convert or expire, you can issue 1:2 or at a lower ratio compare to 1:6, isn’t that the better deal for all shareholders?

Today warrants A price is being suppress, it will probably touch the zero premium/discount range. If you can get 1 mother shares at RM0.915, why want to spend more money to convert at RM0.975 (RM0.75+RM0.225)? So the chance to convert warrants A now is very low. Majority of warrants A holder is likely to have a higher entry price at RM0.30 and above, so the total price will be more than the market price of mother share now.

Unless subsequently the exercise price of warrants B is to price at a premium to the market price, then it will make it worthwhile to get cheaper warrants A shares now. But no one will know what is the exercise price except the management.

Dividend reinvestment plan is a good one. Another option is bonus issue with capitalisation of profit if they want to conserve cash. But the best reward is still deliver the result, with that the price will follow.

Posted by alexlim2020 > 2022-10-18 19:30 | Report Abuse

Finally today fly price …just curious before …why give free warrant last week announcement ..no people wnat buy ?? Drop also ..only fly today

Posted by redhotpepper > 2022-10-21 22:05 | Report Abuse

Can any kind folks here advice what would happen with Revenue proposed share buyback? Appreciate it much. Tq

Posted by YapJH > 2022-10-22 08:53 | Report Abuse

My 1cent worth of view:

(1) Public outstanding shares reduce (supply reduce), can help to serve as a support level for price, but depending on the market force, may or may not be able to support the share price. Topglove is an example that when global economy/market down, it can’t beat the market, also instead of using the cash to pay out dividend, now the vast amount of cash is stuck at a stock that is value lesser. Stock that is in a sector that is highly influence by global stock rally, it can be both an opportunity or risk so the pricing judgement (how much the company share price worth is highly judgemental) need to be managed properly. But generally, the management have first hand info on the business, hence if an upcoming project is going to launch or sign, they will know beforehand.

(2) Company cash reduce. If the company has excess cash and is not needed for expansion, subject to market factor, can be a good thing. If the company do share buyback but need cash to expand, then will need to raise fund, unless it is through rights issue, otherwise private placement (normally with discount) will dilute shareholders. Generally will limit dividend payout but can use treasury share to issue dividend share, however, it is not realistic for a company to use treasury shares to give dividend as the cost is higher, means share price RM0.90 vs a value RM0.01, unless the counter is trading at RM0.01 and then declare RM0.01 dividend

(3) I think the share from buyback will be excluded from EPS calculation. So in a way, the EPS will be higher and the PE ratio will be lower, so the ratio will looks good. But if someone using EPS/PE ratio to invest in a counter, that ratio will not be reflective so it can distort an analysis. Example, earnings is RM500k and number of shares is 500k unit, EPS = RM1. If earnings did not grow but share buyback 100k units, the EPS will be RM500k divided by 400k shares = RM1.25, ratio increase but basic earnings did not.

Posted by YapJH > 2022-10-22 09:03 | Report Abuse

(4) consolidate share holding. Share buyback will not have voting rights so in a way, the percentage hold in the company will be increase without the need of the shareholders to fork out money.

(5) Can be a prevention tool to defend any hostile takeover.

(6) Without the need for the company to commit to any form of yearly dividend policy

Posted by YapJH > 2022-10-22 10:05 | Report Abuse

(7) Another school of thought put forward by supporter of dividend is that the share buyback typically will benefit the corporate and insiders, but not the general investors. It will provide short term price push for insiders to cash out or using company resources to meet financial target.

Bottomline is, the company is supposed to focus on growing the company and let the shareholders decide how themselves how they want to invest their money.

Credit: articles on Dividend .com, investopedia, seeking alpha.

Posted by redhotpepper > 2022-10-22 23:09 | Report Abuse

Thx @YapKH

Posted by redhotpepper > 2022-10-24 18:10 | Report Abuse

REN
https://fintechnews.my/32808/banking/how-tech-innovation-simplifies-payments-and-reduce-risks-for-fintechs-digital-banks/

Is this a competitor to Revenue?

Posted by AmySee > 2022-10-25 11:41 | Report Abuse

Yup. Those are the competitors of Revenue. Payment gateway industries will be saturated in the future...

Posted by redhotpepper > 2022-10-25 22:49 | Report Abuse

I guess it's time to say bye2, there will be more player offering payment gateway, coupled with China still having it's closed door c19 policy. REN seems quite powerful, can even support older technology.

Posted by Eric Fong > 2022-10-25 23:52 | Report Abuse

Every industry got competition. In fact all business world are on competition. it depends on how company manage their own business adapt to the real world.

Posted by redhotpepper > 2022-10-26 00:27 | Report Abuse

Share price consistently going down south even though profit every year, this is cause for concern especially for a public listed co who makes profit but not paying back dividend back to share holder. Not a good move.

Posted by AmySee > 2022-10-26 12:39 | Report Abuse

Most of the tech stocks don't declare dividend because they will utilize the fund for business development and R&D

Posted by YapJH > 2022-10-26 17:17 | Report Abuse

Business and corporate are two separate things but it can be do or doom if the management do not know how to manage them coherently. Need to walk the talk and not talk the talk.

Posted by YapJH > 2022-10-26 17:20 | Report Abuse

There is quite a number of payment companies out there. Over the last 2 years, a lot of fintech companies have mushroomed and they are not just limited to doing payment, they encompass quite a lot of things from ordering system to QR menu to loyalty points (like what Ren is doing).

The key is whether Revenue is able to keep innovate themselves and bring the new things fast to the market. Over the last 2 years i haven’t really see them coming out with things that is good and problem solving or something that can give a knee jerking reaction to the market. The wanna ewallet is taking ages to work and lots of established and newbie on the blocks ewallet already moving ahead.

When the playing field start to open up and the bar is getting easier to enter, innovation is key. And money need to spend on the right places.

Posted by YapJH > 2022-10-26 17:53 | Report Abuse

My 1cent view:

If the companies is still at growing stage, make sense to reinvest the profit into the company to better utilise the resources and don’t pay dividend for the time being. But if the company is directing the resources from growing the company, then it does not justify why the company shouldn’t pay out dividend.

I remember seeing the company announcing that it has invested more than 5% (about RM8mil) of their money in quoted shares, unless such investment can bring in benefits to the company like contracts, collaboration, or super high capital gain or high dividend payout, otherwise it looks odd to use the company money to invest in other quoted shares instead of doing capital expenditure or R&D.

Posted by redhotpepper > 2022-10-29 09:29 | Report Abuse

Agree with@YapJH's 2 sen. Even looking at the AGM Notice, and after reading it, is like want to pay dividend, but will create manyx100 conditions, better don't pay and use the money to further invest. Not good like that. Better look and invest other counter that offer stable returns.

Posted by redhotpepper > 2022-10-29 09:36 | Report Abuse

And this is a tech stock, unfortunately for the laymen, they can only see a brick-and-mortar like mgmt who is not behaving like tech co, it's more like a conventional company right now. And yes, more and more Fintech startup are coming up with newer and more of creative payment menu. Hopefully revenue not only target other company buyout, but also come out with more creative technology and payment solution. China not going to open it's door any soon, so better come up with more innovative solution.

Posted by AmySee > 2022-10-31 12:02 | Report Abuse

Good points for Renenue's future business development analysis

Posted by redhotpepper > 2022-10-31 22:46 | Report Abuse

Had a feeling shareholder share is going to be diluted in near future.

Posted by redhotpepper > 2022-11-02 14:11 | Report Abuse

Someone disposed more than 1.5 mil share? This person going somewhere in a hurry?

Posted by Besafe > 2022-11-02 14:49 | Report Abuse

Eddie ng disposed again? Last time talk on webinar like can plucked down the moon. But first one to cabut is him. Hahaha

Posted by kitmanworld > 2022-11-03 09:57 | Report Abuse

Its boring here without blow water king......

Posted by EatCoconutCanWin > 2022-11-03 12:10 | Report Abuse

Buy n watch it down..yeah

Posted by AmySee > 2022-11-03 12:15 | Report Abuse

Haha. On the way to reach my CL price...

Posted by kitmanworld > 2022-11-04 13:39 | Report Abuse

So @AmySee, sudah CL belum?

Posted by Lee_CK > 2022-11-06 19:47 | Report Abuse

Buy fast, it is now RM0.91. It will rocket up after that.

Posted by AmySee > 2022-11-07 15:11 | Report Abuse

@kitmanworld. Not yet reach 86-88 cents...

Posted by Besafe > 2022-11-08 10:56 | Report Abuse

Eddie ng, no more fantasy or dream to sell?

Posted by AmySee > 2022-11-08 13:09 | Report Abuse

May be he will sell the prospect or fantasy in the report of upcoming quarter result

Posted by trustmenojoke > 2022-11-08 15:39 | Report Abuse

run.

Posted by AlEx2020 > 2022-11-08 16:30 | Report Abuse

Really Duno understand…even make announcement give free bonus ..also cannot make price rise ,,, what happens revenue????

Posted by redhotpepper > 2022-11-09 09:54 | Report Abuse

@AmySee, sudah CL belum?

Posted by Besafe > 2022-11-09 09:54 | Report Abuse

Wah down again. This eddie ng really bring ppl to holand

Posted by redhotpepper > 2022-11-09 09:55 | Report Abuse

Ini apa punya technology share, no power one, technology also satu saja, payment gateway. Haihzzzz

Posted by imvu > 2022-11-09 09:58 | Report Abuse

boleh rebound tak ?

Posted by trustmenojoke > 2022-11-09 10:19 | Report Abuse

warned you guys yesterday

Posted by Besafe > 2022-11-09 10:27 | Report Abuse

A director asked ppl to buy but he is the first one to dispose. Sometimes all this webinar from them also just to get more ppl on board for them to dispose out.