At 5 sens, Fintec capitalization is only Rm37.39 million. It has cash Rm20.2 million. Its investment holding of Focus, Netx, AT(S), Vsolar, DGB, Mlabs, Seacera and TNB has a market value of Rm330 million. Basing on the closing price of all the above mentioned stocks on 31/12/2019, for the next quarterly earning report for quarter ending 31/12/2019, My estimate for Fintec's earning is about 15 sens a share with NTA of 50 sens a share due to 'marked to market value' for all its investment holdings.

Melewar has 242 million mycron shares (74.13%)

Seller at 39.5 sens now, still dirt cheap considering net cash per share of Rm1.24. The company still has 51,000 acres of land in Indonesia located near the Southern bourder of Sarawak. Out of the 51,000 acres, 21,000 acres are matured oil palm plantation.

AGM is on 2 December at Putrajaya. Go and make some noise.

Can just take out Rm15 million from its Rm185 million and give us 10 sens dividend lah. So long didn't give dividend.

In case I cannot figure out the reason for the discrepancy, I may need to ask them during the AGM on 11/12/2019 at Port Dickson.

The ending financial date for both the quarterly and annual report is the same, 30/6/2019.

FoolsGold : you are right. From the Annual Report 2019 released on 31/10/2019 which I have overlooked ( I received the report with CD only this morning, really, just now only from the postman) but I could have gone to the Bursa website to get it on 31/10, total borrowing is indeed Rm822m.

So my figure of Rm115m is from where? I got it from the quarterly report for quarter ending 30/6/2019 released by Mui on 30/8/2019. I don't understand why there is such a great discrepancy of Rm707m in borrowing? I am still cracking my head, but figures from the annual report for the AGM must be the correct figures. Thank you for pointing out the mistake. It is a sin to mislead any forum participant. Thank you.

In 2014, the Edge reported that Mui was seeking to divest Corus Hyde Park for 200 million pound (Rm1.06 billion)

In April Mui appointed Rothschild & Sons UK as its adviser on the sale of Corus Hotel Hyde Park. 6 months has passed since then, just wonder what is the progress now. But for sure Mui will fly at the opening bell once the sale is announced.

Mui Cash in hand Rm241million, borrowing Rm115m, net cash=Rm126m. If can sell Corus Hyde Park London for Rm1.0billion. Total cash=1.126b. That is 38.4 sens per share. Mui is selling at only 20 sens. Excluding Corus Hyde Park Mui still has 7 more hotel in UK and another two corus hotels in Malaysia. Mui has other landed properties in Malaysia, Singapore, Hong Kong, Australia and the US. Mui holds Laura Ashley London and Metrojaya Malaysia. Mui is a major shareholder in PMC, PMH and Mui Property. You can buy Mui for 20 sens only. I remember Calvin has an article on Mui quite sometimes ago.

Don't follow Calvin if one doesn't have the holding power or is a day-trader looking for fast money.

Stock prices usually peak at peak EPS and peak dividend payout and when all investment houses are recommending with another 10 to 15% higher projected target prices. All technical data look solid and rosy. Everything looked good, nothing can go wrong, buy, buy, buy, so bullish, but who is selling? Similarly stock prices are at rock bottom when EPS is negative, zero dividend, all data look bad except NTA, sell, sell, sell, so bearish at rock bottom, but who are the buyer that sapu all? The buyers are either the insiders or the smart money that know what is waiting in front. Those that buy into Netx are betting that Netx is likely to get part of the Rm50.3 billion project. If one believes that Netx won't be able to get anything from this Rm50.3 billion project, then there is no reason to buy Netx.

Based on current business and earning of Netx, it's worth is only 1.5 to 2 sens. Those who bought Netx is for its future ability to get a share of the Rm50.3 billion project. How high the stock price can go will be directly proportional to its share of the Rm50.3 billion. Wait for announcement of appointment for the project, one will have to pay a higher price. Wait for profit announcement from the project one will have to pay for an even higher price. Most likely he will be buying from Calvin when Netx announced good profit and dividend and when everybody can see clearly Netx is an excellent stock.

But if one buy now at 2 sens and for some reasons Netx gets ZERO share of the Rm50.3 billion, one will be stuck holding Netx at 1.5 sens or less. This is the risk one must assess before buying any stock. Calvin said 'Chun Chun' but one need to assess 'how chun' is 'his chun' before buying. Once decided to take action, no need to blame anybody or thanks anybody for the final outcome. This is stock investment. No sorry, no thanks but take 100% responsibility for own action or no action. Good luck.

Netx is the cheapest in price amongst the three. It has the prerequisite to give highest percentage return amongst them. I started buying Netx in July at 1.5 sens. By luck I managed to get some at 1 sen in early September. For those 1 sen stocks the return is already 100% at 2 sens. I am still buying at 2 sens. My strategy is always to pyramid up and not pyramid down.

Near the peak of the 1996 bull, there was not a single stock that was below Rm2.00. Even the Rm1.00 Non convertible Redeemable (at par) Loan Stock was played up to Rm1.20. If we should have an equivalent crazy bull run, all penny stocks would cross the Rm2.00 mark.

Anyway for quarter ending 30/9/2019 the total market value for Focus, AT, Vsolar etc etc has appreciated by Rm 75 million during these 3 months period (July, August, September).

Daily8, you said Fintec will deliver good results in coming qr. They have made so much money from focus , dgb, vsolar, and AT!
15/11/2019 9:57 AM

For the coming quarter result only price movement between 30/6/2019 and 31/9/2019 be considered in the increase or decrease in market value of Focus, At, Vsolar etc etc. How cheap Fintec has bought those counters and how high Fintec has sold those stocks outside of the period between 30/6/2019 and 30/9/2019 have no contribution to the result for quarter ending 30/9/2019 that Fintec must announce by 29/11/2019

from 30/6/2019 to 30/9/2019, the only stock that has appreciated in price is Focus that went from 19.5 sens to 36 sens. DGB dropped 1 sen from 11 to 10 sens and Vsolar is the worst, it dropped 12 sens from 19 to 7 sens, AT improved 1 sen from 4 to 5 sens, Netx dropped 0.5 sen from 1.5 to 1 sen and Mlabs also dropped 0.5 sens from 4.5 to 4 sens.

Sorry I missed out the recent Fintec announcement on its purchase of Seacera shares. Fintec is holding 60 million share of Seacera (about 12.5%).

To follow Calvin you must have holding power. If you do not have enough free cash, have a second look at your financial condition before you jump in.

sorry it is 8,999.13 acres. Typing error.

The book value for the 8,99.13 Acres was Rm240.046 million. Surplus over the book value is Rm413.574 - Rm240.046 = Rm173.528 million. If divided by its 149.8 million shares, its earning for quarter ending September can be as high as Rm1.15 per share with Net assets increase from 43 sens to Rm1.58.

It has 500 million shares of Focus

A most hard to understand stock. Having net cash Rm21 million. Its holding of Focus, Vsolar, AT, Netx, DGB and Mlabs worth Rm184 million at their respective current price. It has only 602 million shares. (21+184)/602=0.34. That is Rm0.34 and it is selling at Rm0.05 now. Sigh!!!!

If no spike how?

Out of 2.68 million share transacted 2.4 million shares sold down to buyers at 5 sens only 0.28 million bought from sellers at 5.5 sens.

Who are those selling Fintec at 5 sens???

Fintec has 613 million shares but is holding 500 million shares of Focus. Thus each Fintec share has 0.81 Focus share

In October 2017 when Focus Dynamic reached its peak of 0.25, Fintec also reached 0.22. Now Focus at 0.25, Fintec is selling at 0.055. How sad.

Fintec (611 million shares) @0.045 is holding 500 million shares of Focus @0.20

For Quarter ending 30/6/2019 Fintec is going to announce big profit due to price appreciation of Focus and Vsolar

Lonely old spinster chip chip chip chip chip

Petaling Tin was taken private by its owner last year at only 40 sens when reported NTA was Rm1.01.

Hi Calvin, Its long term payables plus its trade and other payables totaled Rm370 million is rather high.

All the market Sifu, please advise.

Pinepac not even a single lot traded until now. At 0.315/0.325 only 10 buyers and 7 sellers, very funny. The Rm413 millions deal is to be concluded before end of September 2019. After deducting Rm34 million of loan from Directors, Rm127 million bank loan and Rm48 million 'Trade and other payables', it still have cash of Rm204 million. Divided by its issued shares of 150 million, that is cash of Rm1.36 per share. Is there a catch somewhere or there is something in the account that I don't understand or overlooked.

0.75 also done. Hope can give Inari share as bonus dividend

Coming? After 5 minutes at 9.05 volume 139,300 shares traded up 1.5 sens to 0.735

Roger Lim Tau Kiat, 599 lots of EG-WC is selling at 0.09 now, can buy ?

It is correct that Berkshire Hathaway is not paying dividend but its 'Price to Book value' based on its last closing price is 1.34. What about Insas?

Notes To The Interim Financial Report

United Plantations Berhad  First Quarter Report 2019  12/15 B7)

CORPORATE PROPOSALS

The corporate proposal announced but not completed as at 23 April 2019 is as follows: On 21 September 2018, United Plantations Bhd entered into 3 conditional sale and purchase agreements (“SPAs”) with Pinehill Pacific Berhad’s group of companies to purchase agriculture lands measuring approximately 8,999 acres together with a palm oil mill in Daerah Hilir Perak for a total combined purchase consideration of RM413.57 million (“Proposed Acquisition”). Barring unforeseen circumstances, we are hopeful that this Proposed Acquisition might soon be completed. The Proposed Acquisition is pending state government’s approval.

In 9 years it dropped from above Rm1.70 to 26.5 sens.

Finally is this the one after its long decline since April 2010?

Fintec net cash per share is 0.024. Holding 24.16% Focus or 493m shares. If divided by Fintec 602m shares, it comes up to 0.82 Focus share for every one Fintec share. At 0.16 for Focus that 0.82 Focus share is worth 0.13. Plus 0.024 cash it gives 0.154.

At Rm0.54 x total number of shares of 150 million = Total Market Capitalization of Rm81 million. If I were United Plantation I won't pay Rm413 million for 8999 acres of plantation. I will sapu all Pinepac share everyday from Rm0.54 to Rm1.00. and then propose a general offer to buy up all the share at Rm1.00. If successful that will cost me Rm150 million for 8999 acres in Malaysia plus another 51,400 acres of land in Indonesia that has 22,100 acres matured oil palm area.

413 divided by 150 that is Rm2.75 cash per share

According to Duta's circular to shareholders dated 28/3/2018, it is going to announce an earning of 44.3 sens a share for its financial year ending 30/6/2018. Net assets will increase from Rm1.11 to Rm1.54.

If Pworth is not one of the three logging firms raided by MACC, Richard Koo would have made announcement to the press long ago.

Important thing is when the right and bonus shares are listed can Pworth hold its price above 7 sens.