You are right f1888. Ordinary shareholders like us are at their mercy. What is the game plan for VC given MMAG & Hong Seng have all gone up last year. Given CSY is a substantial shareholder. don’t believe VC will be left behind. The question is when will it move?

Fintec rights issue completed on 28 Dec 2020 was at RM0.08 Today Fintec is at RM0.065. Many of those who subscribe to the RI may have lost money because there is not enough buffer and margin. VC at RM0.17 have even more downside room compared to Fintec. Normally prior to entitlement date there will be high volume & lots of excitement and interest in the shares. VC no volume with hardly any interest. The ball is now in VC BOD court. How will they successfully implement the RI given current shareholders weak sentiments and attitude

f1888, EG ceased to be a substantial shareholder of VC on 21 July 2020. No announcement that he has recently bought substantial amount of VC

Scomi a PN17 company with no revenue & negative NTA market capitalization is double VC . Unless VC BOD can boost shareholders confidence and market price I seriously doubt many shareholders will subscribe for the RI even with free Warrants At RM0.185 there is not sufficient margin & incentive Only at RM0.28-RM0.32 (Eqivalent to RM0.07-RM0.08 before consolidatoon) or higher will it be attractive to subscribe for the RI bearing in mind post RI there will be price adjustments. Nobody is going to put in more money to lose it given VC recent track record.

Guys Did you see AT announcement? Propose ESOS 30% of its NOSH. If this happen it will ballon AT NOSH to 5,497B Am sure the ESOS to be attractive will be priced much lower than what is your current holding cost. With impending NOSH of 5B still think will reach RM0.50?

96M PP @RM1.37 Urusharta Jamaah also disposed. Brent crude oil have dropped from US70 per barrel. Time to offload

Brent crude fall 1% Party may be over Don’t get caught

Even at RM0.12 with a market capitalisation of RM507M AT is still over valued. With the current poor sentiments for glove will not be a surprise if the glove plant near Taiping is eventually put on hold or scale down

If VC price cannot even sustain above RM0.20+ for 5 consecutive days how to fix RI price

Expect 3rd quarter esults ending 31 March 2021 to be even worst due to MCO affecting Parkson Malaysia operations

AT Glove Engineering only signed a MOU to supply nitrile gloves to Kenteam. No mentioned of fixed price. Do not be mistaken. This is not a firm order Can be easily revoked

If yesterday high volume not well taken up tomorrow is T+2. Cheap sale

AT 3rd Quarter results will be mediocre at best Remember results will be as of end Dec 2020. No glove production . Do not expect price will jump when results released

Looks like those who did not cut loss yesterday may have to wait many more months for another opportunity. Good luck to those who buy in again

Today major KLSE glove companies in the red. Last call for those who want to cut loss and get out

Oskchoon, Don’t say sellers as desperate brainless sellers. They are actually very smart, follow the principle of Warren Buffett Value Investment

In one month almost RM200M disappeared from AT market capitalization. Wow. Even now at RM0.14 with market capitalization of RM590M is still over valued Those who enter at RM0.15 thinking already cheap may have to reevaluate their plans for AT going forward

Guys. The increase in price of Brent Crude Oil is n part due to snow in Texas that shut shale oil production. There is still no new substantial contracts from Petronas as yet. Don't chase. Be careful Nothing has changed

Guys, The increase in price of Brent crude oil is in part due to snow in Texas that shuts shale oil production. No new contracts as yet from Petronas. Don't chase. Nothing has changed

Told you guys before Never listen to Director’s TP. Will give a high TP to prevent you from unloading and hopefully to induce you to top up. Expensive lesson

For shareholders to subscribe for RI there must be a substantial price difference as buffer to RI price. If not sufficient margin even free WC will not be enough inducement. If VC BOD cannot gauge shareholders sentiments and take remedial action RI will be under subscribe. The ball is now in VC BOD court

Vivocom after its share consolidation there were so many articles being written about the company. 01 Dec The Superbull returns, 13 Jan Vivocom The Wonder Kid, 31 Jan Retail Power Rally, 15 Feb Vivocom, New Owner, New Era. In the case of VC 2 weeks post share consolidation - NOTHING VC BOD should embark on a PR exercise, engage analysts to write articles on VC to create retail interest & change shareholders perception. The fundamental of VC is still relatively sound being in the black for 2 Qtrs. No reason for VC price to still be so depressed post consolidation.

I wonder how many who sold at RM0.175 makes a profit? What is the reason for selling at this price? Projected RI price is RM0.20

Willy888, As I have posted in this forum before if you buy a condo, before CF can you move in your furniture and cook in your unit and sleep overnight? Same logic apply for factory construction. So easy to get CF?

Sure or not oskchoon pretax profit of RM150M can be achieved? AT investment in Chemor plant expected to be RM64M Within one year of glove production can recover 100% & more of ROI? By July there will be so many glove plants coming on stream in Malaysia from companies many with financial strength much better than AT There will be immense pressure on margins & glove prices going forward

oskchoon, who says AT have no bank borrowings? AT 2nd QR show current & non current bank borrowings of RM9M with finance lease payable of RM5

Once upon a time there was MSCM (HongSeng) , MMAG & VC, HongSeng is now RM1.36 MMAG 52w high was RM1.97. All the companies have intertwined substantial shareholders & directors. Do not believe VC will be left behind for obvious reason that some substantial shareholders have pledged shares for financing. & definitely looking for better margins only if VC were to rise substantially. Post RI VC borrowings will be reduced to only RM7M. The advantage of VC WB is the small NSOH with less risk of massive sell down

The number of Warrants B under Minimum warrant B scenario after RI is estimated to be additional 1,023,261 based on NSOH post consolidation of 14,763,444

After RI the exercise price of VC WB as per circular is estimated to be RM0.55

Yes Please read VC circular to shareholders on the multi proposals for voting at the EGM just held recently. Formula given in the circular. If not sure can ask your remiser VC WB NSOH now at only 14M with allocation of additional VC WB I don't understand VC WB holders selling so cheaply. It goes to show they never read the circular I will hold tightly to my existing VC WB and even top up with additional VC WB since sellers who do not understand are selling so cheaply at RM0.12 which is only equivalent to RM0.03 before consolidation

According to VC circular under max scenario additional 3,745,948 VC WB will be allocated free to existing VC WB holders post RI presumably to compensate VC WB holders for not being eligible to subscribe for the RI

With today’s high volume and if there in no follow through with minimal upward movement in price, there may be an avalanche of sellers cutting loss within the next few days

If more shareholders are like you hck1981 VC will definitely fly. Maybe many shareholders who were trapped earlier are trying to cut loss without realising VC potential and being undervalued

Back to RM0.165 Those dreamers who chase & top up @ RM0.175 -RM0.18 may be trap again
Looking at Sanichi & MTouche with lesser NSOH than AT are all going for share consolidation 10:1. Wouldn't be surprised if AT will have to eventually follow to raise funds if serious in building the new plant at Larut Matang

Don't think will be able to break $0.19 today. With free float estimated at only 250M and the under pin of price appreciation due to RI yet there are still so many sell que at $0.19. Are there still so many wanting to cut loss to get out or wanting to take quick profit?

Will definitely have to push up VC to make it attractive for shareholders to subscribe for the RI. Expect the TP to be RM0.30+

VC WB at $0.115 sellers quote is not even $0.03 prior to share consolidation

Those who hold VC WB ex RI will be allocated additional VC WB shares to compensate for not being able to subscribe for the RI. Good option for those who want to catch the VC run up prior to the RI but may not want to put in additional money to buy the RI. VC WB NSOH post consolidation is only 14.7M With such a small NSOH will not have many short sellers but easy for operator if seriously want to push up. Not many sell que.

How many of you managed to get out at $0.175-$0.18 or did you decided to top up? AT notification to Bursa on Friday is not FDA approval but a stop gap measure which may be revoked depending on circumstances. If USA is indeed setting up their own nitrile glove plants I would be re evaluate the many KLSE companies that will have their glove plants coming on stream later this year. There will be a shake out with only the fittest eventually will survive.

Parkson stores may be open but whether there is traffic to translate into cash or will it only increase operating expenses. Interesting to see what the latest QR results will be when release end February

VC NTA post consolidation is RM0.61. VC is the lowest priced KLSE company with an NTA of RM0.61 With such valuation I just don't understand why shareholders are still persistently selling to depress VC price? How much lower can VC come down when NSOH is now 332M with free float also reduced drastically to an estimated 250M

AT at RM1.00 next year? This will value AT market capitalisation at RM4.23B which will make AT market capitalisation more than the TOTAL market capitalisation of Careplus, Comfort Gloves & Rubberex Corporation put together based on today’s prices. Be realistic.

Guys. If At will fly to RM0.50 I am sure Directors will all be lining up to file to Bursa giving notice to trade to increase their AT share holdings. I am sure Directors will be even more excited than you & I of AT potential. Why no such filing by Directors to Bursa trade in AT for the last 3 months?

In recent months no filing to Bursa of any AT directors acquiring more shares. If AT is undervalued, revenue will increase or have potential to reach RM0.50 I am sure directors will give notice to trade & acquire from open market. Directors by right should be even more excited than us of AT potential.

If you buy a unit in a condo before the developer hand over the keys can you move in your furnitures and cook in your unit? Similarly I believe the factory first must be completed, get it certified & approved by the local authorities before you are allowed to move in to set up the machinery Only then can you start the process to get the necessary approvals & certification for the gloves. I am not an architect or an engineer but logically this should be the flow of events

VC free float after share consolidation is estimated to be 258M Indeed shocking VC is still struggling to reach the theoretical RI price of RM0.20 even after 3 trading days post consolidation . One would expect this target to be easily surpassed

Are you serious oskchoon? AT struggling to even reach RM0.20. At market capitalization at RM1.00 is more than Comfort & Careplus combined.

If AT wants to raise further funding via PP, SIS or ESOS for the new proposed plant at Larut Matang will need to implement share consolidation to reduce NSOH. Do not see any other options unless can secure other sources of financing which will come obviously with strings attached

The rationale of the share consolidation given by VC BOD is to reduce volatility of trading price of VC shares and increase market interest and activity in VC shares. 3 days have passed since the share consolidation Instead of improving VC price it has made it even worst. Still cannot even touch $0.18 equivalent to $0.045 prior to consolidation. Shareholders are still unloading VC shares Market interest and activity in VC have not increased substantially post share consolidation. What action will VC BOD take going forward to meet the goals set out in the circular to the shareholders?

I would say that the shareholders predicament is all due in part to the actions of VC BOD. The current cash crunch which VC faced is due to the bailout of the Louvre project. VC BOD should have the all financing in place already with a cash flow projection in a worst case scenario before taking over such a massive project of RM310M. After the take over only start the frenzy sourcing for funds resulting in the PP & the current RI to pay back the large bank borrowings.
The increase in NSOH that resulted in the need for a share consolidation is due to the BOD actions to thwart Dato foray into VC. After Dato sold off VC and bought into another KLSE company, instead of considering his move as hostile they welcome him as the company’s third largest shareholder without having the need to increase the NSOH.
The current depress VC price is due in part to the large free float resulting in a rise in the number of weak shareholders who are quick to take profit or cut loss. There is no need to go into the cause of increase in the no of free float as the answer can easily be found in VC Bursa filings.
A token share buy back no matter how small will help to boost shareholders confidence. If directors were to start buying VC shares to become substantial shareholders, it will help to create further confidence in VC, reduce instantly the free float and boost VC share price. I sincerely hope VC BOD going forward will do the right things to elevate the current depressed shareholders sentiments.