Investing Experience -
Risk Profile -
Followers
28
Following
1
Blog Posts
12
Threads
5,255
Blogs
Threads
Portfolio
Follower
Following
Summary
Total comments
5,255
Past 30 days
2
Past 7 days
0
Today
0
User Comments
Stock
Stock
2021-07-24 20:45 | Report Abuse
Guess the actual owner of the nominee acct in Credit Suisse Group.
Check recent announcements on Changes In Shareholding.
The transactions look like buying and selling to generate volume....
Stock
Stock
News & Blogs
2021-07-24 16:47 | Report Abuse
@BLee
ICPS with high issue price and high conversion ratio comes with higher risk of losses when the underlying share price dropped below the conversion price.
FOCUS-PA
Issue price = 0.055 (very high, could have manipulated up the share price prior to price fixing)
Conversion Price = 0.55
Conversion Ratio = 10:1
Total Issued Shares = 6,372,205,736
Total ICPS (PA) = 903,363,292
Total WB = 3,066,399,051
You need lots of luck if you are holding FOCUS-PA at high price, even though the maturity date is in 2030. Very likely potential candidate for share consolidation and rights issue with free warrant if current cash position is depleted over time without profit improvement.
AGES-PA
Issue Price = 0.01
Conversion Price = 0.13
Conversion Ratio = 13:1 (consider high)
Total issued shares = 1,262,036,173
Total ICPS = 3,850,826,509
Lots of money collected from ICPS issuance and conversion (around RM129,000,000) and not much cash left (how the money was utilised)
If ICPS is fully converted, total issued shares will exceed 5 BILLION
ICPS conversion ratio of 13:1 is on the high side.
Just hope annual profit can be maintained or improved as EPS will be affected by conversion of ICPS.
Good luck.
News & Blogs
2021-07-24 13:14 | Report Abuse
Issuing shares is easy way for directors to increase company fund instead of bringing in money from business profits.
In many cases, the company funds will be depleted by continuous quarterly losses, asset acquisition at high price, settlement of debts, or even losses in investment in other penny stocks, etc.
In investment losses, it is not surprising to see them buying penny stocks at near peak prices. And look suspicious!!! Try figure it out...
Stock
2021-07-24 12:59 | Report Abuse
Joe Holding Berhad spent RM24,972,000.00 for the 21.58% stake. PASUKGB collected around RM99 million from this exercise.
Who are the big boys contributing most of the remaining RM74.5 million and trying to release their shares & warrants to the market?
Stock
2021-07-24 12:46 | Report Abuse
_________________________________________No. of Rights Shares____% of total issue
Total valid acceptances__________________________186,547,381________18.80
Total valid excess applications____________________805,442,371_________81.16
Based on the high % of excess applications, there might be more substantial shareholders (5% and above) who have yet to declare their shareholding to Bursa regulators.
At this moment we only know JOE Holding Berhad accumulated 21.58% and MSW holding 4.63%. Could the underwriter be the major shareholder too?
Wait for more announcements on Changes in Shareholding in coming days.
Better to stay at sideline and watch how the big boys fight each other to free up their money from here.
TAYOR.
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
2021-07-23 11:08 | Report Abuse
Not many retail participants, big boys trying hard to lure them in.
Big boys looks like gradually selling their rights shares to unlock their money and make some profit from the free warrants.
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
2021-07-22 16:29 | Report Abuse
Big boys paid 10sen per rights share and get free warrants.
12 rights shares comes with 7 free warrants
Big boys don't mind selling subscribed shares at 10sen as they still profit from the free warrants.
The effective cost is less than 9sen if warrant is trading above 1sen
========================
Trade with care and don't get stuck for years.
Warrant shelf life is only 3 FAST years, and might become worthless before the world has overcome the pandemic
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
2021-07-21 11:52 | Report Abuse
List of loss making penny stocks:
ANZO, AT, BORNOIL, COMPUGT, DAYA, DGB, DIGISTAR, DOLPHIN, EAH, EDUSPEC, FINTEC,
FOCUS, GOCEAN, HUBLINE, ICON, IDMENSN, IMPIANA, JOE, KANGER, KGROUP, LAMBO, LUSTER, M3TECH, MACPIE, MMAG, MINDA, MLAB, MNC, MTOUCHE, MTRONIC, NETX, NEXGRAM, OVERSEA, PASUKGB, PDZ, PERDANA, PERMAJU, PHB, PNEPCB, PUC, PWORTH, SANICHI, SAUDEE, SCOMI, SINARAN, TALAMT, TANCO,TAWIN, TIGER, TRIVE, VC, VINVEST (VIVOCOM), VIZIONE, VSOLAR, WIDAD, XDL, XOX
================
Stocks that have undertaken Share Consolidation exercise and/or rights issue with free warrants:
- VC, SANICHI, MTOUCHE, PASUKGB, LAMBO, PDZ
- TRIVE, DGB, MLAB, VINVEST (VIVOCOM), NETX, EDUSPEC, PUC
- SCOMI, ICON, IMPIANA, MTRONIC, VIZIONE, TIGER, KGROUP
- MMAG, HUBLINE,
Stock
2021-07-21 11:51 | Report Abuse
@Gtrade,
If you think they are trapped, it is more reason that retailers & minority shareholders should not 'bail' them out.
They have been using loss making penny stocks as a vehicle to enrich themselves(including cronies and operators) for far too long, at the expense of small time traders & retailers.
They will keep repeating the similar modus operandi to get easy money by raising fund conveniently by issuing shares and selling to market via ESOS, PP, rights issue, Warrant & ICPS issuance and conversion.
Effects are increasing the total issued shares to MULTI-BILLIONS, diluting EPS and minority shareholding percentage.
Ultimately will resort to shares consolidation exercise again, followed by rights issue with free warrants to raise more fund resulting in huge losses to specially minority shareholders.
Company funds were utilized and depleted through yearly losses, failed business ventures or JVs, high price assets acquisitions, high price penny stocks investment/speculation, etc
Stock
2021-07-21 11:24 | Report Abuse
Better to stay out and let the big boys sweat it out against each other.
Retailers and minority shareholders should stand together to send a strong message to the big boys, bullies & directors to start doing real business to generate real profits to benefit company and shareholders instead of undertaking frequent non-stop easy fund raising exercises at the expense of specially retailers and minority shareholders.
Good company pays dividend
Useless company ask for money
Stock
Stock
Stock
Stock
Stock: [FAST]: FAST ENERGY HOLDINGS BERHAD
2021-07-26 13:10 |
Post removed.Why?