yes...it seems that this guy Key188 is in the know about this company...could you shed some light on the pros pect of VC in the short to medium term? thsnks in advance ya..
There are sifus buy call at 0.30, 0.25, 0.20, 0.15, And there is one sifu also know as .......... king every day shout buy buy at 0.28, now where are they?
Keyman188- got info for share why Neoh bought some shares into this counter? In fact many potential counters out there that still selling cheap during this recession.
reply to kuataktahu on VC cash rich company: STAR reported on 6/1/2020: Goh also did not deny speculation that Vortex, which now has RM52.83 mil in cash, is in talks to buy one of the last standalone stockbroking firms. Among the remaining ones are PM Securities Sdn. Bhd. and SJ Securities Sdn. Bhd.”
This is besides the proceeds received from PA conversion
Huh? Since when VC become cash rich company aduii...
As of 31 Dec 2019, VC had RM48.98mil of cash and cash equivalents consists of cash and cash balances of RM13.95mil and short-terms investment of RM35mil. Of which RM30mil was utilised of proceed raised from right issues. VC's operating expenses and finance costs sum up of amount 7mil per quarter, VC cash can only lasts for 6-months period in this Covid-19 crisis.
I aware that many people did not even looks on their financial report, alot of info can be found in annual or quarter report, please study!
CharlesT- I'm not jeopardize VC la, I'm telling the facts. If I want jeopardize, why am I still sharing lots of info including Mdm pump in additional cash thru conversion of ICPS. You thought easy to compile this all information? I'm spending hour to done those. My concern is to raise awareness of sustainable business during covid-19 crisis to investors.
Not only VC, a lot of business out there that might not have available cash to run business if MCO keep extended. VC should be glad that still have back up like Mdm Chan.
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....
Kanm100
173 posts
Posted by Kanm100 > 2020-04-11 17:46 | Report Abuse
Hahaha