“651158
to big amount difficult to moving”

Yes, a big amount with a low price. 1.5 sen to 3 sen is 100% up. 2 sen to 3 sen is 50% up (today half morning). $ investment can double up easily; so is the other way. Happy Trading and TradeAtYourOwnRisk

“Question 16: BOD…BOD get a 5 years contractual guarantee that capitalA will reimburse AAX on any shortfall to the projection?”

I am confused, is CapA and AAX relationship “Abang Adik or Suami Isteri”? If “Suami Isteri” relationship, there is no problem with giving even a 10 year guarantee…cos sharing the same closet of ‘hidden skeleton’.
Just came back from HK using AA (Move Promotion flight); both in and out landing perfectly except minor turbulence. The jerk during the taxiing at KLIA is worse than the turbulence during flights; hopefully the exit from PN17 is not as bad…Happy Trading and TradeAtYourOwnRisk

"Warrant conversion at RM0.28", warrant at Par with Mother; and cross magical figure soon..Happy Trading and TradeAtYourOwnRisk

“hhhiii123 > tomorrow drop, 10mil shares disposed, something bad insider know edy?”

Nothing happened? Opening up 1.89%, Not down. ‘Disposal of shares vide crossing deal by Libra Valen Sdn. Bhd.’ meaning Negotiated…and ‘Overall interests after change:-
Direct interest: 140,203,521 (19.202%)’ meaning still majority Shareholder. Buying volume at 92%, RM0 27 done at 1.739 mil…Good indication. Nothing to worry about. Happy Trading and TradeAtYourOwnRisk

To continues, items need approval and with option as shown below:
“2. Keep changing financial years often to delay issue annual report”…
Approval needed with Good Reason. Many Good Counters seek Approval due to Pandemic
“5. Keep printing billions of shares(ESOS/RI/PP) to suck cash from shareholders”…
Option of Not Subscribing for RI. I am Speechless for ESOS and PP as Shareholders No direct option to reverse the dilution. If afraid of Dilution, can always buy from the open Market if below subscription value. I have done this many times, sold the RI-OR and used the proceeds to reinvest at a lower price of the RI..
Please continue and hope for ‘a good discussion’...

“JJPTR > Company that shows these symptoms, be very careful not to touch....”

Good compilation, give you a ‘like’…
On item “4. ACCOUNT RECEIVABLE is unusually high vs account payable. Money stuck or goods sold to cronies.” is a bit debatable. If it is reported in Non-Current Assets, the Term for collection is long. If it is in Current Assets, the Term is short. The reverse is the truth for Liabilities. If high value payable in Current Liabilities, the Cash in-hand much lower, then really Don't touch..
When investing, we must look at every angle, recently an example of an excellent counter with good EPS and Dividend Yield; two major shareholders sold out due to Resignation of Auditor. It is an investment risk of the unforeseen, that makes share investing interesting. Will keep some of your points in mind for further discussion, Happy Trading and TradeAtYourOwnRisk

"Raiz368 > Mother will fall below 20 cent and warrant will fall below 2 cent by this mth…”

Maybe the Market doesn't know yet, how possible? Shares Buy Back (SBB) around RM0.25; what is the chances it will go below this value?This Morning active trading buy volume at 92%; up one sen with gain of 3.85%...look promising. Happy Trading and TradeAtYourOwnRisk

Today spotted an excellent Fundamental Counter dropped RM0.26 (32.5%); a 52 week low. EPS of 3.85 and a DY of 6.48; better than EPF return.
Reason of drop; could be the resignation of the Auditor as announced around noon time today. Subsequently, the shortlisted replacement Auditor announced after market close..what will be the share performance tomorrow?
In this case, will the change of Auditor dictate the Share Price??
Note: Please do own research to identify the said counter as NO Intention to Promote any counters. Happy Trading and TradeAtYourOwnRisk

What dictates a Share Price?
Everyday we hear of Share Punters shouting Share Prices Limit Up (LU) or Limit Down (LD) when Good or Bad news is announced…
Can Fundamental or Technical behind a Share can change overnight? Definitely NOT for Fundamental; as Financial Data is built up over a very long period. Then the reason could be Technical Data.
What constitutes LU or LD? The baseline is 30% price fluctuation at RM1; RM0.30 below a Ringgit or 30% changes above a Ringgit. Can a Share Price at RM0.30 go LD? Definitely NOT as the minimum price of a share is RM0.005… As for LU, the sky's the Limit.
Let's start with the Good News for LU. Is announcing Memorandum Of Understanding (MOU) or a Letter Of Award (LOA) of a few Billion projects over more than a decade is Good News for LU?
Is selling assets worth a few Hundred Million NOT knowing ‘just a gain of a few Million Missing a future gain of a few Hundred Million’? One off Gain vs Constant Gain is another factor to look out for a reason for LU..
On the other hand, no reason for LD for one off Bad News if the Fundamental still good. Bear in Mind, Cut-Loss is easy (including Margin Call) as buying up is a bit difficult as new funds are needed to ‘chase-up’ a Share…the herd mentality applied for both ways.
My conclusion, what goes down will come back up if FA/TA is still intact and what goes up too high will correct nearer to the Fundamental value. There are many other reasons for LU and LD, welcome to share…Happy Trading and TradeAtYourOwnRisk.
Hints: Although no LU or LD for 3 counters as examples, one recently awarded AI projects for a very long period. Will AI be the in-thing for such a long period? The next selling land to par down debts; the revenue most likely will reduce due to lost production. The third is answerable to the investigation that happened years back…

“choop818 > @BLee, how beneficial to JAG is the eventual JV with Mitsubishi Materials Corp?”

Not much details since announcement of below worded MOU on July and August 2024:
“JAG BERHAD ("JAG" OR "THE COMPANY") MEMORANDUM OF UNDERSTANDING BETWEEN JARING METAL INDUSTRIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND MITSUBISHI MATERIALS CORPORATION”, therefore can't comment on this JV…
What I know, the last few days visualize JAG traded upwards with good buying interest. All the seller of RM0.255 and RM0.26 well absorbed…my Cherry Picking of 16% paper gain seems ‘a good move’; Happy Trading and TradeAtYourOwnRisk

“ov123 > Parent is up. Warrant is down. Not a good sign. Very artificial.”

Warrant conversion at RM0.28; it is too early to tell whether it is a good sign or not…wait for Mother to cross this magical figure to justify the Warrant price!!

“MChloe > I can completely hear all the negative statements! I buy low but guess what is lower than the negative statements? Hahaha”

Hahaha, I missed the buy low part of the recent RM0.095..as quite busy then. Before I get my $bullet, it's already gone up. Have you managed to buy at this low price? About the negative statements, partly correct due to the QR losses, low cash, etc…the bright sides are low Liabilities and settling of Bank Loan.
Details:-
Total Assets reduced from RM377.907 mil to RM111.086 mil,
Total Liabilities reduced from RM148.977 mil to RM11.115 mil
Conclusion, assets 10 times more than Liabilities, still a going concern.
The only concern is Cash and bank balance of RM12k after settling the Bank loan of RM43.866 mil, as the QR cut-off was at June 2024, how did Ages survive for the last 2 months??
There is one part in the QR report I don't quite understand, someone please school me on “B4. Lose Before Taxation Is Derived After Charging/(Crediting) on Current Quarter and Current Period”; any chances of revert of impairment and is it something on other receivables NOT received on (Crediting) of RM(179.802 mil)?? If this two items are positive, it is a risk well taken, as Happy Trading and TradeAtYourOwnRisk

“whistlebower99 > FOR NEWBIES
Directors continue to reward with ESOS…”

As on item (e) Number of options offered to Directors of FINTEC : Nil,
how “Directors continue to reward with ESOS…”?? The other statement “NOSH continue naik naik Shareholder equity % and EPS continue diluted” is correct; alas at a ratio of 5.3/197.89

The ESOS is NOT something new, already spelt out prior to Consolidation exercise as below:-
“The Company has the following convertible securities:
(i) 222,908,385 outstanding ICPS;
(ii) 170,092,838 outstanding Warrants A; and
(iii) up to 155,145,300 ESOS Options which may be granted and exercised pursuant to the maximum allowable amount under the ESOS.
The Company does not intend to grant any ESOS Options prior to the completion of the Proposed Share Consolidation.” The items i, ii and iii need to divide by 30, and item ii expired..

“hsong > Which counters fintech holds”

It is a very big ‘web’; one answer is in this comment:-
“TheContrarian > The people here doesn't know that Fintech owns 20.68% in Netx which in turn owns 15.75% in Mlab?”

There is another version by below forumer:-
“whistlebower99 > Crony conters like AT, netx, focus, komark, vsolar, mlab, saudee,etc
Mostly fund raising company using shares issuance to PP, ESOS, etc”

AT, Komark, Vsolar and Saudee already disposed of as detailed below; furthermore…
Some share the same directors, some are not. Some share the same registered office (so called Lien Hoe group), some do not.

The big ‘web’ (old info) is well illustrated in the article link:
https://klse.i3investor.com/web/blog/detail/savemalaysia/2021-04-21-story-h1564077216-Special_Report_Hidden_hands_behind_penny_stock_surge_under_scrutiny

As shown in the chart, Mlab is not directly under Fintec. Fintec only holding 1.31% in AT; after “ABC had disposed an additional 150,551,800 ordinary shares in open market” and
“...As of the announcement date, the indirect shareholdings of FINTEC and direct shareholdings of ABC in ATS are 71,048,200 ordinary shares or equity interest of 1.31% respectively.
This announcement is dated 20 January 2022.”
Link: https://www.klsescreener.com/v2/announcements/view/3491263
“Pursuant to Rule 9.19(27) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of FINTEC wishes to announce that its wholly-owned subsidiary, Asiabio Capital Sdn. Bhd. (“ABC”), and the Company have on 22 June 2021 ceased to be substantial shareholders of Komarkcorp Berhad (“KOMARK”) due to the disposal of 33,000,000 ordinary shares (representing approximately 91% of ABC’s total shareholdings in KOMARK) in open market.
As of the announcement date, ABC and FINTEC do not hold any equity stake in KOMARK.
This announcement is dated 3 August 2021.”
Link: https://www.klsescreener.com/v2/announcements/view/3403621
“Reference is made to the announcements made on 3 August 2021 pursuant to Rule 9.19(27) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") and the query letter dated 6 August 2021 from Bursa Securities.
The Board of Directors of FINTEC wishes to further announce that its wholly-owned subsidiary, Asiabio Capital Sdn. Bhd. (“ABC”), that is principally involved in the investment of marketable securities, had disposed all its shares held in Komarkcorp Berhad, VSolar Group Berhad and Saudee Group Berhad.”
Link: https://www.klsescreener.com/v2/announcements/view/3406129
From the list, as far as I know, Fintec still holds Netx and Focus Dynamic only…
An interesting read of some answers to rumors and others shareholding in this link: https://www.klsescreener.com/v2/announcements/view/3347657

Disclaimer: All info is extracted from Link as indicated; any error or misrepresentation shall BE excused..Happy Trading and TradeAtYourOwnRisk

“5354_ > Up 1.5 sen it because of QR EPS 7.13 sen and NTA finally adjusted to RM 1.2024? Insas supporters also said Insas very undervalue.”

Insas is CASH undervalue, and every Quarters selling Inari shares to give Dividend from the sales. It is NOT employing the CASH to generate more profit.
On the contrary, Fintec is CASH poor, only Marketable Securities Rich. The Current and Non-Current Marketable Securities of RM122.9 mil vs Total Liabilities of RM33.035 mil; will do well in a bull market…

“M55555
Traders talk about point of entries… AND THIS is NOT the Counter. ANY Counters that do not increase shareholder value , pay dividend and have realistic biz( Not marketable securities) , should be avoid.”

Well said. Fintec needs to improve holding good Marketable Securities; and “THIS is the Counter that increase shareholder value, pay dividend and have realistic biz…and becomes everybody's darling stock” in the not so near future. If we know the future, that won't be any investment risk and won't be ‘TradeAtYourOwnRisk’...

“Daily88 > RESULT OUT. 22MIL PROFIT. CAN U BELIEVE THAT?”

“M55555 > So anything to share holder? Nothing. Remember ? September 2020 , 720MIL profit pun nothing, then some more kena pay out for Right Issue in NOV 2020 . Then June 2021 , lost 980 MIL . Who is enjoying the fun .. eh Fund.. eh party…”

“M55555 > May 2024 consolidated. Shareholder left with dust”

Very interesting questions, especially the profit is very much higher than the revenue. Almost the same question asked at Bornoil forum, i.e.
“Jack Khan
What type of standard of accounting by reporting Invested share valuation as profit ? so confuse!”
“Jack Khan
Paper profit should not be in the income Statement!! This only show the company try to CON investor!”

Yes, so confused! When Paper Loss is considered as Loss, why Not Paper Gain Not considered as Profit? I am also confused as I am not an Accountant; what I know for ‘Double Entry’; the manner for any Paper Losses and Paper Gain shall enter on the same Ledger…

Why do I compare these two counters? The reason is one is Consolidated and the other is not; not to discredit Bornoil as I have no interest in Bornoil, just trying to answer the second question on ‘Shareholder left with dust’...

Bornoil reported RM128.318 mil profit and EPS of 1.07sen. If based on Fintec Consolidated of 30 shares into 1; will be 32.1sen, a fantastic figure…
In the Fintec case, reported RM14.098 mil profit and EPS of 7.13sen (cumulative of RM 22 mil profit and EPS of 11sen). The two sets of figures reflect EPS could be higher with Consolidation as the numbers of shares reduced in the calculation; is it ‘Shareholder left with dust’??

In the latest QR, Fintec NTA was adjusted from RM0.0362 to RM1.2024; compared with the last closing price of RM0.18, sooooo undervalue… is it ‘Shareholder left with dust’?? It all depends on timing of entry, mine is at RM0.005 for both mother and ICPS before Consolidation and purchased more ICPS at RM0.1 after consolidation.
Happy Trading for the coming week and TradeAtYourOwnRisk

“ken2004 > After awhile not back, notice the one making so many message and analysis is those not buying or owning the share LOL........”

Quite true, my only contribution to CapA is to get the best Discount Fare Promotion (DFP); planning to go to Japan or China next month…CapA, do Not abandon ZFP, hopefully can restructure the debts and don't touch any of the promotion gimmick. Will buy some CapA shares if visualise any turnaround!!

“Sslee > Is growth [Zero Fare Promotion (ZFP)] at the expense of profit good/sustainable?”

My only involvement in CapA is ZFP; not holding any CapA share…therefore will try to answer the above question. Is ZFP related to CapA growth? My opinion on ZFP is just a gimmick to lock in my Cash for future travel at a discounted price. Actually, ZFP should be Discounted Fare Promotion, as needed to pay some taxes and Fuel Surcharge and some miscellaneous charges up front. It is Willing buyer, Willing seller. Does it equate to growth? The answer is Yes and No; Yes if the Cash Not for offsetting debts and a big No in CapA case as foreign currency debts over a Billion RM.
The next question on profitability; the moment the flight takes-off with empty seats, definitely it will be a loss of revenue. With some seats on ZFP (DFP?), the incidentals expenses like Plane Parking fees, Fuel Surcharge, etc already partly covered. On a sustainable level, your guess is as good as mine; at least Cash already collected up front, it is just filling the small gap among the big stones…Happy Trading and TradeAtYourOwnRisk

"Sslee > Page 40 of Financial Report...CapA need to stop the zero fare promotion and seriously increase airfare to make meaningfull profit to pay down its debts."

AA (CAP A) without zero fare will be meaningless, full of foolishness or just not meaning(ful) to compete as a budget Airline. Zero Fare Promotion (ZFP) is Not for all seats, non-peak time and with Term and Condition. Pre Pandemic, AA ZFP is doing so well with the tagline 'Everybody can Fly' and I am one of the regular flyers..to South Korea, Japan, Australia and many other places. Recently, I flew to Japan and China with such good promotions; with hardly any empty seats on the flight. Without the ZFP, will there be so many flyers? It is just like 'chicken and egg'; which is which? It is better to sell the empty seats to pay for the incidentals expenses and make profit from the higher cost seats. I also noticed the on-board F&B is also selling well..should make very healthy profit. As I mentioned in one of my posts, the foreign currency debts are killing AA (CAP A). Without debts restructuring, my regular ZFP will go down with the Airline, hopefully NOT...Happy Trading coming week and TradeAtYourOwnRisk

“dompeilee > calvin tan tua pao = HDB-dwelling scammer…”

Nothing wrong with HDB-dwelling as
‘…it can be seen that the majority of Singapore residents (77.8%) live in HDB flats..’
Whenever I am in SG, I am part of this 77.8%, nothing wrong. So far no walking stairs, everything clean and well maintained. ‘Gym’ is just a few steps away from the natural air environment.. transportation is first notch.
I am NOT defending him; just admire his defending skill. He is just like us, half full or half empty ‘scammer’; trying to ‘share’ our knowledge. Remembering he tried to show a picture of an ‘abandoned’ Solar Field, maybe did not check that it was caused by a hurricane…benefit of doubt. Recently, I made almost the same mistake, NOT checking enough on JAG Berhad on owning JAG Capital Equity and NOT JAG Capital…to err is human. There are more ‘laughable’ claims by our Singapore/ex-M'sia friend, will take it just like a pinch of salt..Happy Weekend, Happy Trading coming week and TradeAtYourOwnRisk

“jaynetan > Sorry
Is that jag capital and thisvJAG related?”

Thanks for the highlighting; I am now also confused, will delete the statement..
Below is my search, JAG Capital Equity Sdn Bhd, 100% owned by JAG Berhad is NOT in the list of False Beneficial Owner.
“Subitems
Johari Abdul Ghani's ownership of JAG Capital Holdings Sdn Bhd (Ownership Control Statement)
Procurement
Infrastructure Projects

Ownership Statements
Has ownership or control in the following companies
Statements
Media Prima Berhad
Benefical Owner: False
Interest Type: shareholding
Interest Level: direct
JAG Private Equity Sdn Berhad
Benefical Owner: False
Interest Type: shareholding
Interest Level: direct”
Furthermore, I just followed this article parked at i3 JAG Berhad forum presuming part of JAG Berhad:
“CEO Morning Brief
JAG's Stake in KUB Up to 62.72% Following Conclusion of MGO

edgeinvest
Publish date: Thu, 04 Apr 2024, 12:27 PM”

Just renewing my car road tax using the online system, can vow a great improvement compared with last year's renewal (by paying part of insurance charges). Last year only wording showed successful renewal, now will show the replicate copy. From insurance buying and paying for the road tax took less than ten minutes. Last year, I paid the insurance company to update the system; this year I just did the renewal myself…
Link:https://klse.i3investor.com/blogs/savemalaysia/8985116.jsp
"...JPJ, plans to release MyJPJ version two by the end of next year."
Looking forward to next...

“Starisborn > If a company that has the following characteristics:
1) low and depressed market price for its shares…8) ability to sign up and win bids for new projects

With these 8 characteristics, it can only suggest that this company is a ripe candidate to be privatised.”

Look left, look very promising. Let's look right and All down the drain..

“Sslee > If insiders done all the below:
1. Need yearly PP or RI for working capital and bank loan repayment…10. Negative cashflow
With these 10 characteristics BOH CHOW CCCCCCCCCC AAAAAAAAAAAAAAAAAAA”

If look right and then left; it will be a different story. It depends what price one starts to invest, that's what makes stock investing interesting…I believed how beaten down a counter, there is still value inside. ‘破船有三斤钉, 半斤八两’ meaning a broken ship still have three catty of nails, all equals..
Happy Trading and TradeAtYourOwnRisk

“mudaBubu > Ageson back to dumpster”

Too early to tell, maybe just profit taking?? It is just one red herring; after three candles from 0.105-0.115 on 06082024, 0.115-0.125 on 09082024 and yesterday closing of 0.13..

Let's wait for coming QR/AR and the ‘confident’ regularisation plan submission on 30 October 2024..as always Happy Trading and TradeAtYourOwnRisk

“w0nderfultime > stock longkang ni”

What happens to the ‘longkang’ if out of PN17/Guidance Note 3 before 30th Oct.2024? Below are the announcements ‘tracks’ to be out of PN17/Guidance Note 3:-

Announcement on 1st Aug.2024:
“The Company has approximately three (3) months to submit its regularisation plan or waiver application for a waiver to submit the regularisation plan and to uplift the Company as a PN17 listed issuer (whichever applicable) to the relevant authorities for approval.” which plan for ‘a waiver’.

Thereafter on 5rd Aug.2024, amended the Announcement:
“The Company wishes to clarify that the Announcement should be read as follows (amended wordings are shown in bold):-...
The Company has approximately three (3) months to submit its regularisation plan to the relevant authorities for approval.”

Subsequently, on 7th Aug.2024, seek an Extension of Time:
“The Board of Directors of the Company wishes to update that the Company had on 7 August 2024 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time of an additional period of 6 months until 30 April 2025 for the Company to submit its regularisation plan to Bursa Securities ("EOT Application").”

Finally, on 9th Aug.2024, confidently withdraw the EOT request:
“The Board of Directors (“the Board”) of the Company wishes to announce that the Company has withdrawn the EOT Application on 9 August 2024 as the regularisation plan submission deadline is 30 October 2024, which the Company still have sufficient time to prepare for the regularisation plan submission.”

Come 30 October 2024, will the ‘longkang’ become ‘River of Life’?? Time will tell, Happy Cherry Picking and TradeAtYourOwnRisk.

“whistlebower99 > FOR NEWBIES
TECHNAX Capital Changes…Will FINTEC price follow in the footstep of TECHNAX ?”

Hi Newbies, I am Not defending any Parties Nor against any Forumer, just trying to put some info across for a thinker/tinker.
Fintec ‘Share Consolidation has been completed following the listing and quotation of 197,563,422 Consolidated Shares and 7,278,682 Consolidated ICPS on the ACE Market of Bursa Securities with effect from 9.00 a.m. on 9 May 2024.’
After 3 months and a recent ‘blood bath’; is Fintec still doing well?
After Consolidation, Price adjusted to RM0.15 and as at Noon 07082024, Price RM0.205; a gain of 36.7%
Lowest on 05082024, Price of RM0.16 vs RM0.205; a gain of 28.1% and recovered to last Friday closing.
I don't follow Technax; what I know is that Fintec is recovering well…
Source: https://www.klsescreener.com/detail.php?code=0150
Happy Cherry Picking and TradeAtYourOwnRisk

股票上下平凡事
让人欢喜让人忧
有钱人肯定开心
没钱人肯定观空。
(Stock ups and downs very normal,
Make some people happy and some worry,
Rich people should be happy,
Poor people should be worried.)
Happy Cherry Picking and TradeAtYourOwnRisk.

“Overall, will it be gain or loss, those holding will know; what I know XOX is on Uptrend now. On a bull market, so far most Consolidated Counters are on the Uptrend.”
Let me cheer for those taking the risk on ‘toilet paper’; hooray on the 20% gain before market closing..up up and away. Penny stock rally coming back?? Happy Trading and TradeAtYourOwnRisk

“JJPTR > for fans of XOX and newbies, please take a look at MLAB, belong to same group. 3 weeks ago 34c(adjusted price after 30:1) , now 13c , after new 250m toilet share RI”

I nearly forgot, I can consider ‘a fan of XOX’ as one of my mobile numbers using XOX due to long validity..
It is 20 to 1, not 30 to 1.
Details as below:
“CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY") ("MLABS SHARES") HELD AS AT 5.00 P.M. ON 3 APRIL 2024 ("ENTITLEMENT DATE") INTO 1 MLABS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")”
Source: https://www.klsescreener.com/v2/entitlements/view/2482703

The RI is part of the Proposal:
“MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY")
(I) SHARE CONSOLIDATION; AND
(II) RIGHTS ISSUE WITH WARRANTS
(COLLECTIVELY, THE "PROPOSALS")”

“RENOUNCEABLE RIGHTS ISSUE OF UP TO 217,410,867 NEW ORDINARY SHARES IN MLABS ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 2 JULY 2024 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.16 PER RIGHTS SHARE, TOGETHER WITH UP TO 86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")”
Source: https://www.klsescreener.com/v2/entitlements/view/2483343

Overall, will it be gain or loss, those holding will know; what I know XOX is on Uptrend now. On a bull market, so far most Consolidated Counters are on the Uptrend; example Ageson breakthrough RM0.12 today after plateauing for over a month..
Happy Trading and TradeAtYourOwnRisk

I missed this announcement; another step out of PN17 (account query)??

“AGESON BERHAD ("AGESON" OR "THE COMPANY")
- APPOINTMENT OF NEW AUDITORS”
Source: https://www.klsescreener.com/v2/announcements/view/7429233

Today, another breakthrough? If today closes above RM0.13, another Green Candle (wave)!!
Happy Trading and TradeAtYourOwnRisk

“JJPTR > Unfortnately, the PP/ESOS/RI syndicate still CON-tinue their toilet paper project.
Look at MLAB. Recently 20:1 consolidation 3 months ago, than the stopid SC approve toilet paper printing again…Lets us boycott all PP/RI/ESOS centric toilet paper companies.”

I am Not defending any Parties Nor against any Forumer, just trying to put some info across for a thinker/tinker.
It is a Collective Exercise, therefore NO separate Approval. The details as below:

MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY")

(I) SHARE CONSOLIDATION; AND
(II) RIGHTS ISSUE WITH WARRANTS
(COLLECTIVELY, THE "PROPOSALS")
Source:
https://www.klsescreener.com/v2/announcements/view/6803907

Is it Good or Bad for Fintec, why post at Fintec Forum? Your Guess is Good as Mine..Happy Trading and TradeAtYourOwnRisk

Trust is NOT a Choice. I have to Trust the Pilot when I am up in the AIR..the only my involvement with AA; just given my thought for this interesting discussion.

This could be one of his ‘Ace’, amending TnC (shifting goal post??):
“Item 3.1(ix): the approval of the shareholders of AAX being obtained at a court convened meeting for the AAX Proposed Internal Reorganisation;” Amended to “Item 3.1(ix) shall be removed in its entirety.”
“3.1(x)(a): MAVCOM with regards to the proposed change in shareholding of AAX;” Amended to “Item 3.1(x)(a) shall be removed in its entirety.”
Source: https://www.klsescreener.com/v2/announcements/view/7439013

I have read thousands of bidding/Proposal dossiers, luckily I don't need to understand these Amendments.
Will follow the next exciting Ace ‘move’; Happy Trading and TradeAtYourOwnRisk

“If such a guy exist he much be worth trillion…He is about to bankrupt AAX by transfering AAAGL and AAB with total borrowing and lease liabilities amounting to RM 23,271,794,000 to AAX in the name of business turn around and getting CapA out of PN17.
May god blessed AAX and capA.”

He is holding Four Ace up his sleeve; i.e. clubs (♣), diamonds (♦), hearts (♥) and spades (♠). AAAA, not just Air Asia?? Something for Nothing!!

“whistlebower99 > FOR NEWBIES
CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN XOX BHD…fomo oldbies, etc to come in.”

“fl888 > Why KLSE allowed such Con games ?”

Hi Newbies and fomo Oldbies, I am Not defending any Parties Nor against any Forumer, just trying to put some info across Consolidation Exercise.
I don't have XOX-PA in my portfolio, so excuse me if I might not having updated data referred below:-
‘Preference Share type: IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES
Date issue: 06 Mar 2020
Issue/ Ask Price: Malaysian Ringgit (MYR) 0.0250
Entitlement: FREE DETACHABLE WARRANTS IN XOX ("WARRANTS B") ON THE BASIS OF 4 ICPS TOGETHER WITH 1 FREE WARRANT B FOR EVERY 2 EXISTING ORDINARY SHARES IN XOX
Maturity Date: 05 Mar 2030
Exercise/Strike/Conversion Price: Malaysian Ringgit (MYR) 0.0500
Exercise/Conversion Ratio: 2:1
Conversion:
(i) by surrendering 2 ICPS (which are issued at an issue price of RM0.025 each) without additional cash payment for 1 new Share; or
(ii) by surrendering 1 ICPS (which is issued at an issue price of RM0.025 each) with additional cash payment of RM0.025 for 1 new Share…terms of the ICPS and subject to adjustments…not converted by the maturity date shall be mandatorily converted into new XOX Shares at the conversion ratio of 2 ICPS for every 1 new XOX Share.’
Source: https://www.klsescreener.com/v2/announcements/view/3125758

As in method (i), no matter how the price adjusted, the Conversion still 2 ICPS for 1 new XOX Share. No issue on Consolidation!!
Happy Trading and TradeAtYourOwnRisk

"ahbah > Always think RHB is a high dividend stock."

Please understand the below statement of the article:
'Contrast owning the mother shares RHBBANK. Your odds of winning is so much better, for many people, maybe even better than EPF in a diversified portfolio of similar businesses.
When RHBBANK goes ex-div with 15 sen of 25 sen, you don't really lose anything permanently, but if you owned C53, you risk losing big time, maybe 100% wipe out.'

The IB CW issuer usually chooses Good Fundamental and/or Dividend Companies to attract buyers. The attraction of low CW prices of High Price Counters will ensure 'gamblers trapped'... If the 'punters' know the game well, the leverage will be very rewarding compared with buying mother shares; discounting the Dividend..

“In my view, buying warrants like C53 are worse than gambling, or going to a Casino or buying lottery tickets.”

Very good write-up. I agreed with 99% of what's written; except..
‘- can't compare gambling with any type of investment instrument. In gambling, the duration is short; either you win all or lose all in one trade with various permutations. With warrants, either the Company free warrants or IB Call Warrant, the Term and Condition all spelt-out with The Duration, The Odds, The Issuer (who you bet with?), who is the Market Maker, and so on and so forth..as I read in their Term Sheet, the Market Maker will Buy the Company Share to ‘Normalize’ their trade so that All will win in a bull market. It is the reverse for a bear market.
‘- The buy and sell bids by Market Maker are available for trading. There is a chance to cut-loss or run-with-gain; unlike gambling..
I am Not advocating Call Warrant as I can't take the risk, and with my one time lost in Company’s Warrant, will sell at any price for any given Free warrant. As always, Happy Trading and TradeAtYourOwnRisk.

“DividendGuy67 > Hi all,
To be clear, I'm not saying all warrants are always bad. My primary focus is the Long Term / Lifetime Wealth Accumulation…”

“Sslee > 1 hour ago | Report Abuse
I start investing a bit late…”

Good Sunday Morning and Good Sharing on a very interesting topic. I started investing very early with my first pay cheque partly invested in Unit Trust. I am still holding the same Unit Trust after close to forty years. Is that Long Term / Lifetime Wealth Accumulation? Back then, I didn't understand much about Unit Trust, just knowing it is Professionally Investment in a basket of ‘Good Shares’ by an established Investment House. I didn't gain much after all this year; maybe slightly better than FD rate. The next Investment is starting a Share Trading Account with a very good remisier. His recommendation is quite accurate; now I understand more to ‘herd mentality’ as he told me so..
Next is Property Investment; bought my first terrace house for less than 100k. During the turn of millennium; bought my first two Condominiums for around 150k each with my ‘escaped’ investment during those ‘bubbles’. My experience on the ‘bubbles’; one darling stock then, bought at RM4 and contra (T7 then) sold at RM8, became a penny stock now. So much for Long Term / Lifetime Wealth Accumulation?? One fine day, I will touch on the ‘chun chun’ call as logic always logic, the ‘bubbles’ will burst without good TA and FA..
I took a very long hiatus from Share Investment due to workload traveling to Europe, the Middle East and many Site Visits throughout our own country. One Forumer is correct, Sarawak is one Good place to retire; the only problem is my roots are too entrenched to migrate there.
I only re-start my Investment Journey during C19 work from home period.
My experience with Warrant is a nightmare; touch once is enough. I just got myself to blame as I don't have enough knowledge and experience then. I just got to educate myself by surfing and looking through all the Term Sheet and Prospectus. I always sell my Warrants entitlement even at half-sen. A lot of this half-sen invested in ICPS. Insas-OR is an exception; I managed to sell close to 60sen and reinvested in mother shares. I hope my 吹水 (Blow saliva) is not that boring, for now Happy Trading the week ahead and TradeAtYourOwnRisk.

“Musang King > Should be RM3.809 Million worth of Warrants D.”

@Musang King, you are right, no need 0.5 again as total warrants already cater for the Entitlement…silly me to give ‘double discount’; will cause to win any bid in a project, but lost $ in the trades..’kena sack’!! Haha

“whistlebower99 > FOR NEWBIES
NOSH = 937,952,641
WD = 468,976,292
Maturity 2027-07-21
Strike value 0.1000

Most likely operators will play WD price for cronies to release them to market retailers for free money…”

Hi Newbies, good sharing by @whistlebower99. Who are these ‘likely operators’?
IMHO, All shareholders, minor or major shareholders, including Fintec benefited from this ‘free money’. How much does Fintec gain from this ‘free money’??
Calc:
Fintec holding 23.21% of Netx shares x 0.5 as 1 warrant for every 2 held x 0.035 as today opening price x 468,976,292 of total WD warrant equal RM1.905mil.
Link:
https://www.klsescreener.com/v2/announcements/view/3471997
Bonus Issue Link:
https://www.klsescreener.com/v2/announcements/view/7212211
“NEW WARRANTS IN NETX (WARRANTS D) ON THE BASIS OF 1 WARRANT D FOR EVERY 2 EXISTING ORDINARY SHARES”
Happy Trading and TradeAtYourOwnRisk

“Sslee > By the way Pmetal or MSC you need to monitor the Aluminium and Tin price movement to know what will be they profit look like and hence their price movement”

Yes, monitor prices is very important and for plantation, “天時,地利,人和” (weather, location and people) and most businesses are also very important.
In the case of Pmetal, the arrangement of the factory located near Bakun Dam getting consistent Electric Power Supply with good rates assisted in the good growth.

“DividendGuy67 > Hi BLee. I presume ICPS = Irredeemable Convertible Preference Shares? I think whether ICPS or penny stocks or other instrument much depends on whether it can cause a complete and permanent loss of capital…”

Yes and No, Yes for Irredeemable Convertible Preference Shares and No for causing a complete and permanent loss of capital. Unlike Loan Stock, it is Irredeemable; and unlike warrants it is auto-convert upon maturity.
For example, 11 Fintec-PA will auto-convert to 8 mother shares upon maturity.
Another example, NovaMSC-PA needs min 1 NovaMSC-PA plus 3sen to convert to 1 mother share; recently both methods are still in $.
In the case of Allianz-PA, due to paying a dividend, it is traded higher than its mother share. Good discussion so far..

Good sharing. I have written on the same topic years ago; a really good refresher. After 7 years, some link is missing in the article, nevertheless the Link:
https://klse.i3investor.com/web/blog/detail/BLee/2017-05-18-story-h1450571674-Mother_and_Warrants

Note: I sold Pmetal early, bought back twice making quite handsome profit. I could have earned a 6 digit profit if I had listened to my remisier to hold it until now…
Thanks

“DividendGuy67 > Someone told me..But my question is - if you keep trading every year at RM10,000, how is that going to make you rich over the long term?...Then, where's the future in that?”

Good sharing, that's what I thought when I started my ICPS investment. During the penny stocks rally , I bought each trade at the max per trade, and sold half a sen higher; making 1 or 2k per trade. When the penny stocks mania are over; what next? So I start searching on what stock I can trade with big volume with very low risk. ICPS is my answer. Only recently, I can double my investment value over 4 years; that's around averaging 25% per year; not too bad. That's only paper gain; waiting for further market improvement to monetise my investment…again, thanks for the good sharing; just sharing my side of investment with no prejudice.

“prudentinvestor > I won't buy call warrants but won't write off warrants issued by sound companies that are exercisable within a specified time frame at a fixed price. I made some money in 2006/07 from Perstima warrant..”

Both RHB and Perstima give very good Dividend; I am at a paper loss if not considering the Dividend received. I am also Not so lucky with warrants, always expired without a chance to sell. Therefore I will sell the RI-Rights (Offer/Ordinary Rights OR); example Insas-OR at almost double LU price.
Agreed, Call Warrant (CW) is another ball game. If you go-thru the CW Term Sheet; the Market Maker will buy or sell to protect what the issuer ‘released’ in the market. There is no ‘con’ job as suggested by one Forumer…there is so much to learn; that makes investing so much challenging.

Those born before 1970's are most likely 'born poor'. We make our own toys (saw one cartoon how we used to make a spinning bottle cap). We save every cent (not sen then) we can lay our hands on.
Nowadays, there is so much 'attraction' to spend; earn a Ringgit, chances to spend 2 Ringgit. How to save? They are not born poor or too lazy to work; only spending more than earning with mountains of easy $ credit card bills..

"Sslee > Who is the Cindy Kate TheContrarian mention about?
By the way I am still waiting to collect Insas below RM1.00"

CindyKate, the illegitimate child of TheContrarian born yesterday? Just joking.
Insas most likely will go below RM1 if a 15sen dividend declared..those holding Warrants will be jumping Not for joy. Haha, it is a Sunday joke..Happy Trading for coming week.

Very balance view, I won't sell mine too...

Very well written, got a question; is 'introduce co-payment options for medical and health insurance' is an option for the general public? Every year, I am 'burning' few $k hoping Not to make any claim. Saving of 1 or 2 $k over several years, will it able to pay the difference in co-payment if required? It all boil down to affordability...and a good policy.

“Mar2083 > Why still not want goreng up? 😭”

If you study the graph from 2Q2024, there are 3 peaks (candles) on 14May.(0.065 to 0.08), 23May (0.08 to 0.10) and 7June (0.11 to 0.125). Is this the first wave of ‘goreng’; I don't know as I am just a ‘spare cash’ investor and do Not have any ‘insider info’?? When is the next ‘goreng’; I also don't know…
Link:https://www.klsescreener.com/detail.php?code=7145

What I know Ageson is one of the worst performing counters during C19 period; especially during delay in issuing AR and QR of Q62022 showing big impairment/losses as shown:
“For the current quarter, the Group achieved a total revenue of RM52.17 million, mainly attributable to the trading of construction material. Other operating income has reduced as a result of the reversal of bargain purchase during the financial period. On the other hand, operating expenses have risen in the same period due to the non-cash accounting impairment adjustments on certain assets such as other receivables and goodwill.
For the period under review, we have generated RM180.38 million from the operating activities and cash and cash equivalents stood at RM44.27 million as at 31 December 2022.”
Link: https://www.klsescreener.com/v2/financial-reports/view/720751

IMHO, the worst is over with the Independent Report “digging” the reason for impairment. I am taking a “risk” there will be an impairment reversal in the coming AR..

Let me summarize my Ageson-PA trading. Due to work from home period; I have the time to ponder on what is the best investment which can beat the bank FD rate. I found ICPS investment is quite attractive due to the 2 methods of conversion, autoConvert upon maturity and the leverage on mother's share price. I started small with my first IB account. I thought I would Not lose if I bought at the lowest of RM0.005 as it is the lowest trading price. I am wrong and speechless. One of the Forumer ‘warning’ is correct, upon Ageson consolidation, my investment became RM0.075. As of now, my investment in account A is still in paper loss.
I started account B when Ageson-PA dropped to RM0.005 again due to a much lower commission of RM1 for every RM100 up to RM700, thereafter RM8 for trading below RM10k. My account B is very much in positive paper gain now mainly because my purchases at the lowest of RM0.005 is now traded at RM0.045; a 9 times increase. I am a bit lucky to cost averaging on this Ageson-PA. There are counters which are delisted; not a chance to recover the investment.
So better do your own due diligence; Happy reading on a Sunday Morning and as always Happy Trading and TradeAtYourOwnRisk.

“whistlebower99 > FOR NEWBIES
NOSH = 1,069,873,355
Date 07 Jul 2020
NOSH= 5,922,797,474 before 2 years before share consolidation Date 15 Apr 2022..”

Hi Newbies, good sharing by whistlebower99. There are always 2 sides of a coin. With the massive corporate exercises with every exercise price dropping by almost 10%, the market price drops almost to the lowest. I am speechless as written in one of my articles due to this 10% discount to entice subscription.
My journey of investment in ICPS started with Focus D ICPS with mother below 10sen and ICPS at 1sen. The subscription price at 5.5sen selling at 1sen; it seems a good buy for me. I started opening one IB account with a minimum RM7 for any trade below RM10k; started bidding buy at 1sen to capture the seller at half sen. Most of my trades successfully at half sen, only failed at 2 occasions as shown in one of my articles. My account now balloon to more than 100% paper gain; another tick will be able to monetise my gain!! For info, Fintec-PA subscription price at 8sen, I managed to collect a few mil at half sen before consolidation..

Then is then and now is now. Let me illustrate the difference between Corporate Exercise Then (08 Sep 2021) and Now.
Example:
No. of shares issued under this corporate proposal - 100,000,000
Issue price per share ($$) - Malaysian Ringgit (MYR) 0.0199 x 30 equivalent to 0.5977 after consolidation.
Units - 4,475,664,574
Issued Share Capital ($$) - Malaysian Ringgit (MYR) 340,233,391.530
Listing Date - 08 Sep 2021

Price: Now RM0.235 vs Then RM0.5977. Will anyone cut-loss?
Units: 197,894,622 vs 4,475,664,574. All warrants expired!! Will wait for the next QR/AR to see how this expired effecting the reports as each warrant will have a base cost; Not ‘toilet paper’ as suggested.
Issued Share Capital ($$) - Malaysian Ringgit (MYR)421,465,313.540 vs (MYR)340,233,391.530. A very significant increase although with consolidation; will Not diminished at all. Share Capital and Market Capitalisation are two different entities; please Do Not be misled. Corporate exercises such as PP, ESOS, etc which require payment will increase Issued Share Capital, and Not necessarily increase Market Capitalisation..
Anyway, thanks @whistlebower99 for his good sharing his side of the coin; as always Happy Trading and TradeAtYourOwnRisk
@Musang King, concur with your observation. Let's hope the brighter day will come seeing the active trading of so called 'con' stocks..

“sting79 > The lapse on 11July means the proposal for [ (1) Afton share exchange + (2) the establishment of ESOS ] is no longer valid to be approved by Bursa…The company right now need to sort out PN17 status first and foremost, else unlikely Bursa will approve any sort of share exercise…whistlebower99's observation is based on the company's historical capital changes, which is all about RI and share consolidation, something that put off many investors. But any newbies, punters, gamblers are all welcome.”

Agreed, the proposal has been approved with “court order”; why Not carry out and let it lapse? This is one of the ‘path’ to get out of PN17 (audit query); is it Not necessary any more? IMHO, the company is pursuing another ‘path’ i.e. Independent Auditor; the report came out quite satisfactory. Once this Report Finding incorporated in ‘FR financial period ended 30 June 2024’, the chances will be out of PN17 (audit query). If there are Impairment Reversals, what will be EPS? Let's wait and see.

“Court Order” Announcement:
“On behalf of the Board of Ageson, TA Securities wishes to announce that the High Court has, at the hearing fixed today, approved the Scheme of Arrangement pursuant to Section 366 of the Act in relation to the Proposed Internal Reorganisation (“Court Order”).”
Link:https://www.klsescreener.com/v2/announcements/view/5767513

With the above reasoning, what is the chance of another ESOS proposal? Your guess as good as mine, always Happy Trading and TradeAtYourOwnRisk