@Sales: No more penny stock for me, caught trapped because of cash rich with 720 millions. End up lost 80%, sad:(

16/10/2021 4:54 PM

BLee: Hi @Sales, Fintec Cash and cash equivalent as below, RM720.5mil only consists of 'paper gain' as at QR reporting.
Although QR30.06.21make a loses of RM-980.2mil consists of 'paper loss', the Cash and cash equivalents increased to a much healthier QR as shown (cash flow reporting).

Cash position during QR30.09.20:- Profit: RM720.5mil
Cash and cash equivalents: RM23.166mil

Cash position during QR30.06.21:-
Loses: RM-980.2mil
Cash and cash equivalents: RM109.996mil

When we invest in stocks, the timing is very important and QR reporting is almost 5 months behind time i.e. 3 months coverage and 2 months for preparation. We shall follow the current 'news' and counters shares holding; and NOT at old history. Please correct me if I make a mistake.
Happy trading and TradeAtYourOwnRisk.

Source: klsescreener Fintec QR

@Elitetrader, Yes. Life goes on. Happy to go semi-retirement and no more daily rush for tender dossier and worried about material prices. Hope can live longer with less stress...Happy trading

@Elitetrader, I have lots of idling time as construction slow and proposal for new projects not forthcoming. Time for me to go semi-retirement, make way for younger generation. I am just trying to have fun penning some opposite opinion with some data gathering to prove a point. I only look at positive and keep silent on negative, although I agreed with some negative points such as PP and ESOS issuance. Happy trading and sign-off for today..

Today 13.10.2021 Fintec trading data:
Buying: 86% of overall trades, closing at 2sen.
Volume at 2sen: 9983 lots Buy at 100%
Volume at 1.5sen: 1300 lots Buy at 0%
Meaning more buyers depleting sell volume, sign of recovery play.
If to reach 1sen, need to cross 2.481mil buyer lots first.
Happy trading and TradeAtYourOwnRisk

BLee Hi @whistlebower99, theedge did mention Associate of 30%, contract cost and duration; and supply to Kedah state only thro' MOH. KGroup bidding to supply to other states and private lab. That's the reason I mentioned from 2 sources. It could be a breakthrough if it can be supplied to all the other states.

"KEY ALLIANCE GROUP BERHAD [Registration No. 200301007533 (609953-K)]
PRESS RELEASE
FOR IMMEDIATE RELEASE

TREEMED SDN BHD, A KEY ALLIANCE GROUP BHD ASSOCIATE, SECURES RM32 MILLION CONTRACT FROM THE GOVERNMENT.
Petaling Jaya, 8 October 2021 - Tree Med Sdn Bhd, an associate of Key Alliance Group (KGROUP), has been awarded a supply and delivery contract by the Ministry of Health (MOH) worth over RM32 million, to supply reagents instrument placement for centralised chemical pathology test for a few hospitals in Kedah state for a period of four years."

Agreed, a good start and the market reacted well.

Happy trading and TradeAtYourOwnRisk.

11/10/2021 3:18 PM

Corrected typo error KAG to KGroup? Not a typo after all as it seems KAG=KGroup?
11/10/2021 3:40 PM

Latest announcement:
Reference is made to the Company’s announcement made on 8 October 2021.


The Board of Directors of Key Alliance Group Berhad (“KAG” or “the Company”) wishes to further announce on the following :

1. The letter of award was dated 1 October 2021 (“Contract”) and accepted by Tree Med Sdn. Bhd. (“Tree Med”) on 8 October 2021.

2. The Contract period is 4 years, commencing from 10 January 2022 to 9 January 2026.

3. Upon the expiry of the Contract, it will be subject to retender.

4. As the Contract was secured by Tree Med, a 30% owned associate company of KAG, the Group is not expected to have material effect on the earnings, net assets and gearing of KAG Group for the current financial year ending 31 March 2022. Nonetheless, KAG Group expects positive contribution on its earnings in the future arising from the share of profit for associate.

5. None of the directors and/or major shareholders and/or persons connected with a director or major shareholder of KAG have any interest, direct or indirect, in the Contract, and the nature and extent of their interests.

6. As the Contract was secured by Tree Med, a 30% owned associate company of KAG, the Company does not foresee any exceptional risk to KAG Group. Nonetheless, the Contract accepted by Tree Med will be subject to the normal operational risk associated with the Contract during the contract period.

7. Pursuant to the Contract, Tree Med will supply reagents instrument placement for centralised chemical pathology test to 9 hospitals in Malaysia.

8. Tree Med is a 30% owned associate company of KAG.

9. As of the date of this announcement, Tree Med is not a major associated company of KAG as defined under Chapter 1 of the ACE Market Listing Requirements.

This announcement is dated 13 October 2021.

@samyong1969: BLee agreed what u said
... let's huat together...

13/10/2021 10:01 AM

BLee: @samyong1969, Tq for agreeing. Usually wording can't express all I wanted to share; I have prepared Focus D shares holding spreadsheet earlier for my own monitoring, shared in one of my articles. Due to the pandemic, I have more time to go through some QR and AR of counters I am interested in.
Happy trading and TradeAtYourOwnRisk.

@KLLee_0110: Unless the stock limit up if not better don’t buy first if not u will stuck for a long time. U have to prepare to wait

13/10/2021 9:28 AM

BLee: Bro @KLLee_0110, If stock limit up already, better don't buy, will be stuck for a long time. When is the right time to buy? No one know. Now will be revovery play since we are free to travel further and businesses opening up. All the warning of PP, ESOS, SIS, etc might not be relevant for recovery play. My 2sen, hope we can huat (prosper) together. Happy trading and TradeAtYourOwnRisk.

Elitetrader When they dump, u chiak?

12/10/2021 6:32 AM

@Elitetrader, a good question. After one hour of trade, 100% buying at 2sen only. Seems overall, the market recovering after borders opening. Seems can only chiak (eat) at 2sen...Happy trading and TradeAtYourOwnRisk

@周海, you are right, they are smart and professional. They can hire the smartest brain to gather all the data, having the latest equipment and world wide news to their advantage. So is our institution players. Only we as retailers, depend on our own self reading the market trend.
So really needs to TradeAtOurOwnRisk. My 2sen worth of opinion.

I salute Uncle KYY, he can easily post on the reverse (U-turn) as he seen fit. Today, I have read one news on iron ore prices and another on natural gas prices, both might change what he has written!!
Happy trading and TradeAtYourOwnRisk.

@CUTLOST, all the best. My target of 10sen is not that far off. I might hold longer if it is really hot...Happy trading and TradeAtYourOwnRisk.

@victork, your hope come true. 1st hour of trade already up 40%. Now my hope that the whole bursa will up in tandem with the nation opening up. Happy trading and TradeAtYourOwnRisk.

Below are info extracted from two sources for sharing purposes only.

Key Alliance Group Bhd's associate has bagged a contract worth RM32 million from the Ministry of Health (MoH) to supply reagents instrument placement for centralised chemical pathology test for a few hospitals in Kedah. The company said the four-year contract was secured via Tree Med Sdn Bhd, which is principally involved in the supply of medical devices. Key Alliance acquired a 30% stake in Tree Med in December 2020 for RM14 million.

Source: https://www.theedgemarkets.com/

 Khairul Anuar Danial, CEO of Tree Med Sdn Bhd said that he is glad that the company have been awarded the tender as Tree Med is one of the renowned companies in Malaysia that supply laboratory products.
“We will be bidding in tenders to supply to other government and private laboratories as well in the future if the opportunity arises.

Source: https://www.klsescreener.com/v2/announcements/view/3438049

Happy trading

@Elitetrader, good mathematic. The paper loss reporting was as at end June 2021. If you calculate the investment shareholdings for both companies as at end Sept. 2021 (the next QR cut off period), your mathematic could be correct. Happy trading

As I highlighted to @Aseng, I reserved my comments on the BOT contract flow chart. If not, it will be another lengthy discussion. Happy Trading

@liewtz06, as hydrogen is a very explosive gas, storage and handling required ex-proof equipment. Hydrogen powered vehicle is not new, it is not widely available in the US as the cost still very expensive. EV with new battery technology still the most economical at the moment. Happy trading

Ages start moving into proposed ICULS support price of 10sen. If not reach 10sen, the ICULS excercise won't be attractive. Happy trading and TradeAtYourOwnRisk.

@mita29, good info. I am very much into hydrogen as a feed stocks.
Below are some info for sharing.

Photolysis:
The chlorophyll's donated electrons need to be replaced, and these electrons come from the splitting of water. In a process called photolysis ('light' and 'split'), light energy and catalyst s interact to drive the splitting of water molecules into protons (H+), electrons, and oxygen gas.13 Jan 2017

https://phys.org/news/2020-05-molecules-hydrogen-sunlight.html

Water Electrolysis:
Electrolysis of water is the process of using electricity to decompose water into oxygen and hydrogen gas by a process called electrolysis. Hydrogen gas released in this way can be used as hydrogen fuel, or remixed with the oxygen to create oxyhydrogen gas, which is used in welding and other applications.
This is the option of using wind farms generated free energy to split sea water.

Catalysis:
Catalysis is the increase in the rate of a chemical reaction by the addition of a reagent — the catalyst — that is not itself consumed. The catalyst works by opening up a route between starting material and product with a lower activation barrier than the uncatalyzed process.
This is the option of chemical energy.

Happy trading

@Aseng, noted. I am also very familiar with BOT as I do procurement and bid proposal for EPCC contract. I did comment on DK profit flow chart and now reserve my comments in order not furthering this topic. Again all the best.

Aseng: I have gone back to my own group .
Bye...
Good lucks

07/10/2021 10:27 PM

BLee: @Aseng, all the best. I have nothing against you, DK and JAKS except the feed stocks coal. My apology if any mis-information offended you.

Yesterday, my last minute engagement cause a late reply to some of your discussion. Below is the continuation of the reply.
@Aseng, my job scope for almost last fourty years dealing with E&E has read many Coal Power Generation plants being converted/evolved into other feed stocks type of power plants. I think, even the coal if given free, the coal fired Power Gen come with others problem such as feed stocks and residue handling, filtration equipment, etc comparing with Gas/hydrogen fired Power Gen. Put it bluntly, the conversion will happen under ESG pressure.
If you don't understand my jargon, let me put in a more simplified analogy.
Mother earth give you free water from the well (pass-thro coal), you needs to transport by conveyor to the point of usage. The new technology akin likes opening water tap, no transportation issue. Something free actually do come with TnC.

@Aseng:
BLee ,

1. why you turn a deaf ear to the complains of those people living along the Mei-kong river ?

BLee: As I mentioned earlier, I am not in position to defence this
'The Don Sahong Dam is a run-of-the-river hydroelectricity facility at the downstream end of the Hou Sahong channel between Don Sahong and Don Sadam islands.' Proper EIA done.

2. the agreement of Jaks and MFCB are different.
MFCB earning is seasonal when there is heavy rainfall or no rainfall but Jaks is paid to stop
work for the hydro project to work more during the rainy season

BLee: No comment. Time will tell.

07/10/2021 2:06 PM

@Aseng: BLee also like to make his talk based on common sense or a cin-cai cut and paste from a google search that nobody know what you are talking about . at the end kena hentam left and right

BLee: No comment. Free speech.

07/10/2021 3:08 PM

@Aseng: why suddenly switch the topic to hydrogen energy ?

is it your pasar malam English that can not convince people

and now change your trick to rocket science ?

BLee: I think you get me wrong, I am convincing nobody. I am just too enthusiastic in new feed stocks technology, sharing same topic.

07/10/2021 3:13 PM

https://klse.i3investor.com/blogs/Jaks%20resources/204451.jsp (deleted)

Summary from DK66 article above:
Mong Duong II was on reserve shutdown for 5 months at the request of Electricity of Vietnam, given that the hydropower plants were running at high capacity due to unusually heavier rainfall. The plant has only 35% utilization rate in the year.Year 2018 was the 3rd year of operation and was scheduled for major maintenance (alternative source)

BLee: The shutdown info did not come from me. In the same article, DK did project the profit of 'JAKS at 30% stakes will be earning RM 444Million (being tax free for the first few years)'

Happy trading and TradeAtYourOwnRisk

07/10/2021 3:47 PM

Hydrogen–gas turbines have many environmental and economic benefits, and Mitsubishi Power is committed to facilitating the transition. Their turbines can be fitted into existing power plants and can run on less pure forms of hydrogen, which can be carried in any form, from liquid hydrogen to ammonia.

Hanwha Energy's hydrogen-fuel-cell power plant at the Daesan Industrial Complex in Seosan, Korea, came online in July of 2020. The plant contains 114 fuel cells and can generate up to 400,000 MWh of electricity per year¹, making it the world's largest industrial hydrogen-fuel-cell power plant.16 Aug 2020

Not BLee pipe dream, already exist. Just 2 examples by surfing the net..Happy trading

I am not saying no power plant; the feed stock will change from coal, gas, etc to hydrogen fired (little explosion of H2). In term of distribution, nothing change. So reliability of power source not a concern. The question of cost of energy conversion already taken care by free wind and water. Structure cost could just an addition to all the wind farms already built. Only new cost will be the hydrogen pipeline. Some old offshore hydrocarbon platform with existing onshore landing pipeline is a good conversion (privy info)... The calculated energy loss is old news for hydrogen power vehicle. I will not defend on MFCB hydro (run off river, not hydro dam) as the technology could also be obsolete one day. Happy trading

@mita29, the next big thing on energy will be splitting the ocean water (H2O), harvesting the H2 for energy. It is utilising the wind power generating electric for hydrolysis. The H2 then flow onshore for storage and running power plants, vehicles, etc in place of coal and gas, etc. Both wind and water is abundant and free. Many companies (one of them Mitsubishi) have succesfully employ such technology. Energy technology is ever changing, what is viable today might not be viable for the next five years; what more for the next 25 years. Happy trading...

I am scolding nobody, below info just for discussion purposes only.

@Aseng: Fund raising is not equal to earning dilution .
If you are that stubborn to say it is , the IPO is the biggest dilution but shares can still shoot to the sky .

06/10/2021 11:19 PM

BLee: Totally agreed 'IPO is the biggest dilution' and a form of crowd funding. If afraid of funds raising from all forms of crowd funding risk; very difficult to invest in share market. If the funds raising is bias and NOT beneficial to minority sharholders, vote it out as done recently by KNM shareholders.

On the subject of Coal Power Generaton Plant, below are my comments earlier highlighting the issues:-
' Blog: (Icon) Jaks Resources (7) - Jaks WB Is My 2019 Sailang Stock
Dec 9, 2018 4:28 PM
Dear All, No offence intended. Since I hold MFCB for years getting good dividend and MFCB being compare with JAKS, I liked to offer my opinion on the comparison.
MFCB power plant being hydro-electric, no feed stock required i.e. free energy and environmental friendly, renewable energy and energy of the future.
JAKS feed stock coal will be obsolete in the near future with UK and many other countries banning soon, depleting and non-envronmental friendly..
I wonder why new coal power station still being built..just my 2 sens. TQ'

My question is what will happen in 25years time, the forcast profit period, when the whole world is looking at renewable energy replacing fossil fuel? JAKS has done the right step on going into renewable energy now, but it require time and new money.

Another discussion:

'Blog: Jaks Resources - What You Should Know About The Tariff Payments

Dec 22, 2020 3:24 PM  @DK, noted. That's why I put as 'profit'. 'Paper works' can get so much profit? I very much likes a fair reporting and highlighting the risk by @Jennyloh
https://klse.i3investor.com/blogs/jennylohsharing/2020-12-17-story-h15...
i) Every 3 years shutdown for major maintenance.
ii) Priority for Green Power plant to operate in preference for coal power plant.

Happy Trading

 Posted by DK > Dec 22, 2020 2:56 PM | Report Abuse 

Blee, in fact Jaks only did paper works. By the way, dividend is not profit.'

Now seems item ii) in play??

Happy trading and TradeAtYourOwnRisk

Tq, very good info. Suprised Hiap Teck deal mainly on mild steel. Steel has many grades with different content of carbon and others element (alloy), with wide range of usage. Maybe should cover what is capability of each manufacturer. I consider myself a novice in steel technology, only knows little bit on SS316, High Tensile and of course mild steel which required galvanised or painted for corrosion protection. For non-strength usage, it loss out to Aluminium and Fibreglass. Just a little bit on sharing, hope my contribution to balance out the pros and cons. Happy Trading

@Noworry21: You r wrong no body will losses in this counter. Just patience ok

03/10/2021 9:47 AM

BLee: @Noworry21, I think @Sales is half correct, it is true that people bought Fintec to gain profit; poor and Rich. Those invest for long term and at low price will not feel trap. I cannot says the same for those who went in at high price. I have calculated in my article publish today that due to Fintec low price last Friday; Cash/Capital at a very undervalue of 1.4 i.e. for every 1sen is worth 1.4sen in cash.
Happy trading and TradeAtYourOwnRisk.

@modestos: Next will be share consolidation once touched 0.01 to 0.005. This will allow them to milk every drop further once reached bottom. Retail investors in these companies hardly make it alive. Lets see they will resort to share consolidation.

02/10/2021 3:08 AM

BLee: Hi @modestos, I can't figure out how consolidation and milk every drop can benefit PP, ESOS, SIS, RI etc subscribers, not being milk together? Maybe I am too dumb to understand? Am I too dumb to dump the stock? Thinking....to be smart!!
Happy trading and TradeAtYourOwnRisk.

@ahbah: A fun stock .. just main main for fun onli.

01/10/2021 1:55 PM

BLee: Yes, @ahbah. I think well supported at around 1.5 to 2sen. Now on solid land, the most can end up wash to the sea. If more adventurous, can climb up Gunung Tahan, kinabalu or even Everest. Happy trading and TradeAtYourOwnRisk.

@Michael R., you got a very good point as Fintec did not sell out during price water-fall in early April; Fintec took the opportunity to increase shareholdings in Focus D at around 4sen to 5.5sen. The next QR most likely will be positive comparing the recent released QR based on Focus D at around 4sen vs yesterday Focus D closing price of 5.5sen. Happy trading and TradeAtYourOwnRisk.

@KingDavid: BLee, I am new here. What do you mean by "Only problem will be at least one quarter most likely few hundreds million 'paper loss' due to the Focus D investment retreated from around 65sen to today of 5.5sen still not accounted in any QR." In another word, NTA of RM0.3626 is not true, right?
30/09/2021 5:38 PM

BLee: @KingDavid, the quarter reporting includes major investment of Focus D priced in the period end March (65sen) vs end June 2021 (4sen) beside other investments.

Below is an example of comparison of 2 different period profit/loss as extracted in one of Fintec report.

'(i) 12-month FPE 31 March 2021 vs FYE 31 March 2020
The Group’s revenue for 12-month FPE 31 March 2021 increased by 357.00% to RM93.10 million as compared to FYE 31 March 2020. The higher revenue was mainly due to higher sale of marketable securities as a result of higher value of trading activities undertaken by the Group.
The Group recorded a higher GP margin 54.96% in 12-month FPE 31 March 2021 as compared to 2.85% in FYE 31 March 2020 mainly due to higher gain from the sale of marketable securities.
The Group recorded a PAT of RM666.09 million in 12-month FPE 31 March 2021 as compared to RM226.03 million in FYE 31 March 2020, representing an increase of 194.69%. The higher PAT was mainly due to fair value gain on quoted securities held by the Group of RM620.00 million (FYE 31 March 2020: RM242.21 million) arising from the increase in market prices of such quoted securities:-.'

2. Focus Dynamics Group Berhad: fair value gain / (loss) (RM’million) 569.24

During the bull market, Focus D contributed RM569.24M in Fintec reporting (paper gain). I have expected at most, the contribution at bear market will be around RM500M (paper loss). Today QR reporting a loss of RM980.2M is a surprise to me.

As NTA is calculated with respect to period reporting; it is correct at the period of reporting. Usually this NTA is 1 quarter plus 2 months in preparation i.e. around 5 months from the previous actual NTA. Example: Focus D price at end March of 65sen vs end of June of 4sen vs Today of 5.5sen...Hope my explanation makes sense. Happy trading and TradeAtYourOwnRisk.

Morning Uncle KYY, good sharing. There is something I don't understand; the 'reversal of impairment loss of another RM66.15 million, which was provided in previous years'. Without this reversal, what actually will be the Q profit? Is the reporting Q doing well with high steel price and low feed (iron ore) price? Is it the factory not at optimum running during the reporting period? I have not yet investing and now only start follow this stock, maybe someone could explain further on this previous year impairment loss. TQ again for sharing. Happy trading and TradeAtYourOwnRisk.

@gghaha: wait for 0.01 pa..:)

28/09/2021 11:31 AM

BLee: If 0.01 Fintec-PA, I will buy more as the ratio of conversion 11PA can convert to 8 mother shares. Let says Mother shares remain 2sen, will still in 'Paper Gain' as spending 11sen will get 8x2=16sen.
Happy trading and TradeAtYourOwnRisk.

@HOMESOY: BLee...

most probaly 20in1 then will be 20C TO 25C....THEN DROP TO 13C...THEN ANNOUCE GOOD RESULT THEN GO UP TO 45C... THEN DROP...TO 14C LIKE NETX....

28/09/2021 3:25 PM

BLee: Hi @HOMESOY, If that case, needs to buy & sell many times, untung nya IB

@CUTLOST: Next 0.0149 new listing coming

15/03/2021 4:17 PM

BLee: Hi @CUTLOST, see announcement on completion of latest PP. Next PP if after end of 2021, not so easy approved..
 Link: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING | https://www.klsescreener.com/v2/announcements/view/3431303
... the Private Placement has been completed following the listing and quotation of 255,132,900 Placement Shares, being the fourth and last tranche of the Private Placement, on the ACE Market of Bursa Securities on 28 September 2021.

Happy trading and TradeAtYourOwnRisk.

@whistlebower99: KGROUP
Total issued shares = 2,554,309,534
WC = 982,103,848

Will KGROUP directors issue more shares to raise more fund to buy more penny stocks ?

Maybe should do share buy-back to boost current share price (0.03)

===========================

TAYOR

28/09/2021 12:10 PM

BLee: Hi @whistlebower99, which is which? Issue more shares and share buy-back is exactly opposite.. I have written an article on 'Rich penny stocks acquiring beat down penny stocks' taking KGroup as one of the example. If I am not too busy, I might do more coverage on KGroup recent AR (non-accountant view, only very basic double entry and balance sheet knowledge). Have a very good trading days ahead and TradeAtYourOwnRisk.

Hi @whistlebower99, this will be the final tranche, it will be no more discounted PP issuance in the near future. Only problem will be at least one quarter most likely few hundreds million 'paper loss' due to the Focus D investment retreated from around 65sen to today of 5.5sen still not accounted in any QR.

What an interesting yo-yo show today!! Finally will it up or down on the pendulum?

Please see my link on all the PP issuance record:
https://klse.i3investor.com/blogs/BLee_Fintec/2021-09-25-story-h1571731611-Fintec_Private_Placement.jsp

Happy trading and TradeAtYourOwnRisk.
27/09/2021 8:39 PM

@Musang King: Good write up and Good diligence work done. I am accumulating Fintec shares already. Thanks for your advice, BL Lee. Excellent.

27/09/2021 2:53 PM

BLee: Thanks @Musang King for your comments, I have updated my article to reflect the latest announcement of the final PP tranche. I hope no more reason for any 'discount issuance'.
Happy Trading and TradeAtYourOwnRisk.

Hi @Tobby, have you got your full vaccination? Please see details in link if still not complete dose. AZ likes all vaccine good, the gap of 12 weeks to 9 weeks, now proposed 6 weeks..
https://www.nst.com.my/news/nation/2021/09/730827/delta-makes-cutting-az-dosing-gap-necessary-says-expert

@ahbah, good. I did play-play also, hoping PP investors will need to pay more for 5 day trading average price for the next tranche. There is no point of bringing the price down benefitting PP investors unless.....!! Happy trading and TradeAtYourOwnRisk

Below details are partly extracted from Fintec announcement to Bursa (klsescreener); please check accuracy from Bursa/klsescreener website.

'Raping' purpose: Details as in link, NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING | https://www.klsescreener.com/v2/announcements/view/3415001

This is the 'raping' condition:

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 27 August 2021, approved the listing and quotation of up to 855,132,900 Placement Shares to be issued pursuant to the Private Placement subject to the following conditions:-

(i)         Fintec and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Private Placement;

(ii)         Fintec and Mercury Securities to inform Bursa Securities upon the completion of the Private Placement; and

(iii)        Fintec to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed.

'Raping' occasion:

Private Placement of up to 20% of the total number of issued shares of the Company:

1) 21 Sep 2021: 260,000,000 at (MYR)   0.0225

2) 21 Sep 2021: 40,000,000 at (MYR)   0.0225

3) 17 Sep 2021: 200,000,000 at (MYR)   0.0215

4) 08 Sep 2021: 100,000,000 at (MYR)   0.0199

5) The 'raping' will stop once the balance of 255,132,900 shares issued.

My opinion is NOT to lower the trading price so that the PP issuing price based on 5-market day VWAP will NOT be lower for each tranche.

Happy trading and TradeAtYourOwnRisk. No offence intended to any Forumers as I feel ALL are my Forum friend. TQ

Disclaimer: Not a buy, sell or hold call. Any Gain or loses shall be by reader own action. If feel offended by the borrow word 'raping', I apologise in advance..

@Dr Y.Raj, good statement. With 2sen worth, downside limited. Shares consolidation does not mean cancellation of capitals. Only big problem with PP, each trench issuance with roughly 10% discount of 5 days weighted average price, will dilute NTA. On the bright side, interest free cash injection will improve company cash flow. End of the year not that far off, all this PP (so call 'raping') completed, more 'child' will be 'born'. Happy trading and TradeAtYourOwnRisk.

@gghaha: wait 0.005-0.01 then consol and further drop only play again pa...:)
21/09/2021 3:44 PM

BLee: Good suggestion, no hurry to buy or sell for PA..Happy trading

Each Fintec-PA worth 8sen; if got 1:50 conso plan, the 8sen won't change as long not converted into mother shares. PA (preference shares) treats differently from mother shares as the 2 methods of conversion will be adjusted accordingly to pre-set formula for the changes. Happy Trading and consult the issuing house before trade..

@whistlebower99:
Total issued shares = 4,975,664,574 hitting 5 BILLION SHARES soon.

PA = 254,308,135
WA = 170,092,838
WB = 116,443,428
WC = 1,146,126,828

Warrants as good as garbage.

================================
Trade wisely, beware of potential shares consolidation exercise

21/09/2021 10:30 AM

BLee: Hi @whistlebower99,
PA  conversion = 11sen or 11:8
WA conversion = 19sen
WB conversion = 10sen
WC conversion =   8sen
WA, WB and WC conversion NOT likely due to out of money; only problem will be PP and ESOS as per your warning on trading risk. Only 11PAs convert to 8 mother shares still possible, i.e. 254,308,135÷11×8= number of mother shares. PA anti-dilution, so no problem on any type of RI..
Agreed, warrants as good as 'garbage'. Not for PA as the 11:8 conversion still doable. My promotion link if you are interested:  https://klse.i3investor.com/blogs/BLee_AGES/2021-09-12-story-h1571499077-Focus_PA_and_Fintec_PA_Negative_ICPS.jsp

Happy trading and TradeAtYourOwnRisk.

@swimwithsharkss > Sep 17, 2021 12:52 AM | Report Abuse 

Hello folks :) Just finished vaccination today, even greater price to collect AGES now!

BLee: Good Morning @swimwithsharkss and folks, you must be quite young to just finished vaccination. Young and energetic!!
On the topic of last Wednesday sudden 'waterfall' seller at around 8sen, hope it is one off as the fundamentals still intact. The only reason could be the proposed ICULS issuance no more tenable with price stay below 10sen (the conversion price) and the subscription price changed from 1sen to 2.5sen. Some weak holders might just sell hoping to raise cash and hoping to drive the price down to buy back later; and also a spanner in the ICULS issuance. Just my 2 cents of opinion.
Happy trading and TradeAtYourOwnRisk.

Updated comments in write-up: "AGES mother shares and AGES-PA drifted close to 8 sen and 1.5 sen recently; hopefully will be traded fairly with this new proposal. On 15 Sept. 2021, major selling at 8sen; what next? Is it due to the proposed ICULS revised issuance?" Happy trading and TradeAtYourOwnRisk.

@investor2021trading, the first share split was successful. Focus D is 'cash rich' bcos of ICPS issuance and the rushing 'blessing in disguise' of conversion during price drops; many conversion using 1 ICPS plus 49.5sen cash. Only the second share split rejected due to after split, the price will be less than requirement of RM0.20. Usually not logical to has a consolidation after a split; I don't know what will be the next issuance...especially Fintec owning more than 30%. Happy trading.

Bro @KLLee_0110, I think not RM2.69 straight to RM0.06. RM2.69 split by 3 to around RM0.90, shareholders will get 3 times shares. If RM0.06 will worth around RM0.18; that is still 'bad' enough!!
@investor2021trading, hopefully time will heal. All the best to us..Happy trading and TradeAtYourOwnRisk.

@Go Jon, I am NOT a fortune teller, unlike some Forumer which put up ALL the negative scenario of consolidation of 50 to 1, etc and prices retreated back to few sen. Of course that is the risk we take, TradeAtYourOwnRisk. In your case, good to hear that you managed to collect 2 million Focus-PA since the 1 sen buying queue has increased significantly. All the best for you and to myself. Hope everyone don't get influenced by my write-up, please do own due diligence.

Happy trading

Hi @Go Jon, just joking..how can my "hard work" moved the share price? Just riding on the co-incident. Last Friday before market closes, strong selling reversed the trend. I have updated a link in my write-up from malay mail for everyone ponder. The link:
https://www.malaymail.com/news/malaysia/2021/09/11/tengku-zafrul-foreign-capital-inflows-signal-malaysias-brightening-prospect/2004751
This newspaper report might tell the market direction for the next quarter.

Happy trading

@Sales, you are right, the RM720mil could be just 'paper profit' from investment gain at the reporting date. No cash until monetize, how to give dividend? Con or no con, another story. TradeAtYourOwnRisk.
Happy trading