Loss making penny stock invested in another loss making penny stock
TAYOR
BLee: Hi bro @whistlebower99, many thanks for highlighting the latest QR. IMHO, the report needs to be read in full as the loss is only the half truth.
An important question, why did the losses but NTA improved from 0.17 to 0.22?
Revenue improved to 18.102mil from 9.737mil, almost 100% increase. As "A hike in revenue was mainly contributed by the revenue generated from Mask Division which started its operation in 3rd Quarter of 2021.", what will be for a whole year?
And also the statement "The losses were mainly due to the of shrinkage of business regionally and the loss of customers in Thailand and Indonesia. Apart from that, it is also notable on the increase in manufacturing cost as a result of a new mask plant being set up in Meru and 2 weeks of operation suspensions due to the flood caused by the torrential downpours in Klang Valley." which is one off…hopefully there will also insurance claim for the flooding.
When the announcement stated the first tranche, I kept quiet as I was worried about how many more tranches and most likely at a lower price. When I saw the latest announcement as completion of the PP, all worries were unfounded. This is a 2021 proposal, so not likely to get 30% PP approval entitlement anymore.. Happy Trading and TradeAtYourOwnRisk
@HuatHuatHuatLa: Bro BLee, you mean no more Private placement meh?
1 hour ago
BLee: Hi Bro @HuatHuatHuatLa, what I know PP of 30% is one off specially for companies to raise funds due to pandemic period. I am not sure about PP of 10% or ESOS or SIS; or any other fundraising instrument. Usually all fundraising must with purpose and the money collected cannot be used for other purposes.. Happy Trading and TradeAtYourOwnRisk
Bro BLee, thank you for your view. my only worry is that the 610000000 Private placement shares are dumped @ 1cent for quick and f.... easy profit, what you think?
@HuatHuatHuatLa: Bro BLee, thank you for your view. my only worry is that the 610000000 Private placement shares are dumped @ 1cent for quick and f.... easy profit, what you think?
BLee: I think Mr. Market already giving out answers to your question, half day trading has already reached half the amount. It all boils down to holding power and what percentage of profit is wanted. We usually buy into the future price of a counter, the question is how far is the future… For oldbies and newbies, I suggest get familiar with two rules doc, i.e. Rules of Bursa Depository - The Rules of Bursa Depository as issued pursuant to the Securities Industry (Central Depositories) Act, 1991, as amended from time to time and Rules on Take-Overs, Mergers and Compulsory Acquisitions issued by the SC pursuant to Section 377 of the CMSA, as amended from time to time. These two rules will give us some answers to our doubts. Happy trading and TradeAtYourOwnRisk
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
whistlebower99
5,256 posts
Posted by whistlebower99 > 2022-03-25 11:31 |
Post removed.Why?