If somebody hostile were to seriously collect and emerge as a substantial shareholder am sure CSY and friendly parties will come out to defend a takeover.

Have confidence zhm540. No matter how you do the maths price much appreciate if BOD is serious in implementing the PP & Rights Issue. Remember it was at these price level when NSK bought into VC which saw CSY & others come in to defend their turft. My take is somebody is collecting vC cheaply. Are you going to collect more?

Don’t be stupid dosn to ask shareholders to cut loss now or never. VC major shareholder cost maybe in the region of $0.10. If you are the major shareholder will you be willing to implement 156M PP at even $0.05 to allow a new investor to become a substantial shareholder at half your holding cost.?

Dayang went up too much too fast

Scomi WB still have so many que to buy at $0.05 despite the news of suspension. Am sure the buyers are aware of the news. Why buying?

Despite knowing that Scomi will be suspended why are people are still buying even at $0.015?

nubinvestor is correct. Substantial shareholder on 26 & 27 October bought a total of 1,826,000 @$0.03 Believe not so silly to just throw away his money if Scomi got suspended for good. Probably a ploy to suspend for weak holders to sell and smart investors to collect more cheaply before realising after AR is released.

VC after consolidation price will probably appreciate. Remember going for rights issue. If price fall who wants to subscribe for the rights?

VC problem is too many weak shareholders ever ready to cut loss. If share consolidation no of issued shares is less hopefully in the hands of financially strong shareholders who are not inclined to take quick profit or cut loss

tamp01 is correct Nov/Dec 2018 Dayang trading around $0.50 Expect to go lower than $0.71 bearing in mind downtime and potential loss in income due to damage of Dayang Topaz

Looks like it may break $0.71 support level

Very aggressive in spooking out the weak holders to cut loss. No mercy in wanting to buy dirt cheap.

VC still cannot yet clear $0.06 despite volume yet VC WB can touch $0.04 Feel better to put money into VC WB. Not that many shares in the hands of weak holders but if ever to move the returns % will be higher and easier to push up because no of shares only 60M

Am surprised so many sellers coming out at $0.055 All cutting loss?

If VC BOD is serious in implementing the PP of 156M it will be difficult to secure investors based on current market sentiments, price of VC and recent proposals announced unless able to build back confidence with price appreciation

I believe the party that subscribed to the 109M VC PP @ $0.073 will not be too happy that within a month are saddled with a paper loss of $2M based on current price unless of course the BOD gave certain assurance to convince them to subscribe to the PP @ $0.073

Bursa has approved PP of 156M VC. If BOD seriously wish to implement PP VC price must move back up to $0.075-$0.08 Otherwise not fair to those who just subscribed to the 109M VC at $0.073 last month. If PP price fixed at $0.05-$0.55 the amount raised will be short of BOD target

Vortex1, What do you mean 13 members who disappear and drop because 13 members cut lose? Don't understand. Please explain. Thanks

On another note I find it ridiculous when PN17 companies eg Seacers,THHeavy, , Scomies, IQZAN, Idmensn Amedia etc are all trading at higher prices than VC when VC is in the black with cash & bank balance of $27M & short term investments of $63M

I really pity those weak holders who panic to cut loss and sell cheaply at $0.05-$0.055. Why panic when you have a minimum of 4 months for VC BOD to get the necessary approvals to implement the proposals. At the time VC announced 4QR 2019 results despite net loss of $4M with revenue at only $29M the market price of VC was easily $0.065 VC 1QR now in the black with higher revenue $39M is trading at $0.05-$0.055 Somebody purposely sell down VC taking advantage of the proposals to cause panic so that they can buy cheaply more than 150M VC in the last couple of days

Recently Fintec, Tawin, Insas and others have announced rights issue but do not see so much negativity in a sell down as VC. Even many PN17 companies market price is much higher than VC. I am of the opinion that somebody is purposely using the proposals to sell down VC to collect cheaply. Back in August 2018 when VC (at that time SKH) proposed similarly a share consolidation & rights issue there was no undue selling pressure. VC current 1QR revenue & net profit was very similar to that of 1QR 2018. In fact the present NTA is higher at $0.17 compared to $0.11 as of 1QR 2018

For the record VC made a similar announcement of share consolidation & rights issue on 19 Oct 2018 & the exercise was only completed & listed on 15 May 2019. At that time SKH consortium total shares was 609M SKH was trading above $0.10 when proposal was announced. Today after announcement of proposal VC traded at 0.05-$0.55 Currently CSY is the largest shareholder with 29.47 compared with CPH with 29.55% at that time. For 1QR 2020 VC revenue $38M with net profit $339,000 compared to SKH 1QR 2018 revenue $39M net profit $310,000 currently VC NTA is $0.17 compared to SKH NTA $0.11 Looking at the current scenario VC position is almost similar to when SKH made the multi proposal to consolidate & rights issue in terms of revenue & net profit and also with the largest shareholder holding approximately 29% Moreover VC NTA is now higher at $0.17 There is no reason for the negativity unless somebody is using the proposals to push down the price to buy cheap. SKH completed the exercise only in May 2019 - six months later. VC shareholders should seriously reconsider cutting loss. You have a time frame of 4-5 months to consider as this would be the time frame fot VC complete the exercise.

The person who buys from you must be damn stupid or know something you don't know. Why is he buying? What is the rationale?

VC announcement are only proposals of which implementation up to VC BOD discretion. If proposals are implemented madam 290M VC becomes 74M with consolidation. Moreover need to pump in additional capital to take up rights issue. Eventually her stake in VC may be diluted. How will CSY benefit? What is the rationale?

Sorry Should read as pressure to reduce borrowing should not be so pressing

I agree with kkp999. Normally a company will pump up the price before making announcement of share consolidation & rights issue. Aslo aa pointed out the pressure to reduce Boeing's should not be so pressing with CSY converting ICPS la August and recent PP. Announcement of proposals could be to spook more weak holders to sell and somebody to buy cheaply 80M+ shares being transacted today

Am wondering how he individual or company that subscribe to the recent PP of 109M VC @ $0.073 feel now that VC BOD have come out with the recent proposals No small money haveing pump $7M+ into VC and now again being asked to subscribe for additional rights issues. Were they promised of some good news which we ordinary shareholders of course know nothing.

We are reacting to the proposals how it will affect us from OUR perspective. Should take a step back and analyze its implications to madam and the actual rationale for the exercise if any. Will not come out with such proposals if at the end of the day the major shareholder will be at a disadvantage

G3 latest AR CSY & CML are still substantial shareholders. G3 NTA $0.08 Current price $3.00 No reason VC will be left behind. CSY being VC largest shareholder will eventually need to unlock her investment

Looks like VC WB @ $0.05 & VC @ $0.07 NO MORE. Next week will be UP

In fact with VC so much free float should easily be a ripe takeover target for any strong Venture Capitalist seeking to capitalise on VC money lending & brokerage licence

Jt18, Looking at MMAG the 30 largest shareholders holds 75% of the issued shares. For RCE Cap the 30 largest shareholders control 73% including Institutions like EPF, Great Eastern, Rockwill Trustee, KAF. VC 30 largest shareholders control 37.4% excluding Pentagon Parade having sold after AR. For VC price to increase substantially need financially strong individuals or Institutional investors as substantial shareholders with holding power.

Apart from CSY & PP investors no substantial shareholders according to AR holds more than 14M shares. Current selling not done by substantial shareholders but weak retailers based on transaction volume. For 2nd Qtr CSY converted 138M ICPS which means additional inflow of funds to VC. Sept PP resulting in another $7M+ infusion into VC account. VC results for 2nd Qtr should be within expectations. No reason to panic

Zhm540, You sold all your VC? Thought you are one of the top 30 largest VC shareholders

Looking at VC AR, except for CSY, the 14 top substantial shareholders do not hold more than 3.5M shares. Unlikely to shot the market. It is the small weak retailers or those who cut loss currently selling. The weak economy should increase demand for VC money lending business

Jt18, VC belum mati katak lah. Smart investors still accumulating at $0.07-$0.075

Looks like the weak holders & cut loss kakis have done with their selling. VC now consolidating & building base for the next leg up

Looking at the daily transactions for the last couple of days looks like some smart investors are slowly accumulating VC @ $0.075 & VC WB @ $0.05

The person who bought is optimistic that VC price will appreciate.

Don't worry zhm540 VC price must eventually increase. Know for a fact MYSCM & MMAG have all increase the last couple of months. Not likely CSY will not do something in the months to come to unlock her investments. VC BOD must give some assurance or confidential info to PP investors of VC potential. Otherwise not so stupid to pump $7M+ into VC to lose money

RCE EPS & NTA much higher. Issued shares only 370M. Cannot compare VC with RCE

Have confidence zhm540. PP investors are prepared to buy more than 100M and pump in $7M+ means these guys know something. Nobody is going to invest $7M+ to lose money. It is the small retailers with no holding power or do not read into the market who are throwing. Remember CSY holding cost is probably higher from converting VC PA.

fl888, VC WB at $0.05 can buy as free float is only 45M assuming major shareholders not selling. Downside risk is minimal. At $0.05 how low can it go but the returns will be phenomenal if one day go up like MYSCM or MMAG.

MTouche last financial qtr lost 22M Also NTA much lower compared to VC

Looks like very soon $0.08 will be gone. This time it will be for real. Sell at your own risk

VC BOD has successfully completed PP despite VC price not moving up substantially. Nobody will invest a minimum $7M unless they are convinced of VC potential and that they will be able to reap substantial returns from their investments. This is good news. Many companies after PP saw it’s price appreciate substantially

MMAG & MMAG WB have already peaked. Now it is VC & VC-WB turn to fly!

Zhm540. Please buy and become top 5 shareholders and hold long term to help reduce no of free float. If can reduce free float dramatically VC will fly

Once VC goes up VC WB will follow. VC WB at $0.055 still cheap bearing in mind no of shares issued only 60M Assuming 15M in the hands of strong holders free float only 45M If any operator decide to push very easy.

To implement PP VC price must go up. Otherwise nobody will pump $7M into VC if there is no element of a reasonable return.