From 0.085 to 0.09 is just raise 5.9%, right issue at 0.15, the price should push higher to make the right issue looks cheaper, so market is willing to “accept” this proposal.
don't tell me property and at Bentong can bring profit to this company. where is the logic? any one who ask the developer about their sales , all replied with same answer, cant sell. so what make this VC so good?
Better tomorrow use wrong id haha. Why never say Gombak good location? Bentong may not see good now but not far from Gombak either better than Terengganu haha.
Chinkang From 0.085 to 0.09 is just raise 5.9%, right issue at 0.15, the price should push higher to make the right issue looks cheaper, so market is willing to “accept” this proposal. 24/10/2018 10:47
15cents is price after consolidated. So now worth only 7.5cent. Be careful. Guys
steward 15cents is price after consolidated. So now worth only 7.5cent. Be careful. Guys 25/10/2018 18:51 steward 0.15 right issue is d price after consolidated 2in 1 25/10/2018 20:56
0.15 is the right issue price, if right issue equal to current share price (0.075 before consol), will u buy? will market accept? so big player will push higher to let right issue "looks cheaper"
Overall Performance Overall, the Group’s revenue for the current quarter as compared to the preceding year corresponding quarter has increased due to the increase in revenue from IT and ICT Division and Construction Division. The increase in revenue in the IT and ICT Division was mainly attributable to the increase in consumer spending pending introduction of Sales and Services Tax (“SST”). Whereas, the increase in revenue in Construction Division was as a result of contract revenue recognised on warehouse construction. The Group recorded a PBT in the current quarter mainly due to the profits derived from IT and ICT Division. IT and ICT Division The increase in revenue for the current year to-date as compared to the preceding year corresponding period was mainly due to the improved sales attributable to the increased consumer spending pending the introduction of SST. This has led to the increase in PBT in IT and ICT Division.
KUALA LUMPUR (Dec 11): Vortex Consolidated Bhd is taking over a mixed development project in Kajang with a gross development value (GDV) of more than RM340 million, in line with its business diversification into the property sector.
It is doing this by acquiring an 85% stake in a loss-making private property firm, Paris Dynasty Land Sdn Bhd, for a nominal cash consideration of RM100.
Voretex — formerly known as SKH Consortium Bhd — said in a filing today that Paris Dynasty owns a 2.8-acre piece of freehold land and the existing property development project, The Louvre, on the land.
The Louvre comprises 30 units of lifestyle retail shoplots and a block of 34-storey serviced apartment housing a total of 498 units, of which 56% and 17% of retail and residential units, respectively, are taken up.
Construction work commenced in March 2015 and is currently 20.2% completed.
The project's GDV is estimated at RM341.81 million while gross development costs are estimated at RM285.34 million.
Vortex said the purchase consideration was arrived at on a willing-buyer willing-seller basis, after taking into account Paris Dynasty’s accumulated losses and its cash flow management in handling the contractors, suppliers, lenders, as well as the management of slow progress in the development project.
“With the new investor’s involvement, they believe the development project could be better managed. Retaining a shareholding of 15% would also enable the vendor (Paris Dynasty) to share the expected profits from the development project in future compared to the current conditions which may not be favorable to the vendor.
“The development project would contribute positively to the future earnings of Vortex Group and improve the financial position of Vortex Group via additional revenue and earnings contribution from the development project as well as reduce Vortex Group’s dependency on the existing business,” read the filing.
Vortex said the acquisition, which is expected to be completed in the fourth quarter of its financial year ending March 31, 2019, will reduce its earnings per share by 0.16 sen.
However, it is expected to have a positive impact on the future earnings of the group once the potential benefits from the development project is materialised over the project period, it said.
Vortex proposed to diversify its business to include property development and property investment in August, to reduce reliance on its existing business in the ICT and construction sectors.
Its shares settled unchanged at nine sen at market close today, for a market capitalisation of RM54.89 million.
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....
Chinkang
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Posted by Chinkang > 2018-10-21 12:23 | Report Abuse
(吉隆坡19日讯)VORTEX公司(VC,0060,创业板科技组)将进行系列企业活动,包括并股、以5配1送1比例发售附加股和配送凭单,以及3股配1股比例配售不可赎回可转换优先股(ICPS),最多筹措5488万9726令吉来为产业发展计划融资、充作营运资本和未来投资用途。
1附加股送1凭单
该公司发文告表示,建议将现有股票以2合1进行整合,将股本从6亿零988万5845股股票减半至3亿零494万2922股股票,随后再以5配1比例配售6098万8584股附加股,再以1附加股送1比例派送最多6098万8584股单位凭单。
该公司董事部已将附加股发售价,以及凭单转换价定在15仙。
在完成上述活动后,VORTEX公司将以3股配1股比例配售最多9亿1482万8766股ICPS,每股发售价为5仙。
该公司预期可从附加股和ICPS计划筹得最多5488万9726令吉,其中4318万9726令吉用作产业发展项目、650万令吉作为未来项目、收购与投资、400万令吉为营运资本,其余120万令吉则为企业活动开销。
整个企业活动完成后,VORTEX公司缴足资本将从现有的5987万9703令吉扩大至2亿1540万零594令吉,但料不会对现有股权架构带来影响。
该公司预见整个企业活动将在2019年上半年完成。