To Maggiemee question: MYSCM got a money lending license same as VC. MYSCM now only going to get shareholders approval to diversify into money lending business. Have not yet start money lending business already shot up to $0.32 VC started money lending business already & also got approval for offshore money broking business in Labuan yet trading only at $0.065 Is this logical? Is VC undervalued? Possible for VC to go up just to 50% of MYSCM price?
when TianTianHuat buy in PMH tat time, pmh is real bad... it even dropped to 0.04. So during that time everyone very scare and now every one is buying at 0.260. TianTian Huat now is quietly buying VC... this vc is the next PMH. The poorer the quarterly result the better. ha ha ha huiii!! huiii!!
CSY cannot afford to dump much since she is the only director with substantial shares. Having spent so much to covert VC-PA if VC price fall too low company will be ripe for corporate raider to just initiate a take over and she will lose control of the company. Remember VC free float is more than 700M which means easy for a high net worth individual or a corporate raider to just buy from open market and collect until 51% to gain board control
There are many companies with NTA much lower than VC yet 400-500% higher. Even price of some PN17 companies are much higher than VC. If you sell there are some smart investors who will be busy accumulating. The way forward to resolve VC price stagnation is to reduce the no of free float in the market by having directors committed to hold substantial VC shares.. Many listed companies in KLSE have directors holding 40%-70% of the company's shares whereas VC only CSY holding 24%
MMAG & MYSCM increased further in price despite market weakness. If CSY other associated companies can do so well no reason for VC to be in limbo. Those who continue to sell at $0.065 & $0.07 need to understand VC fundamentals. SAD
CSY holds about 26% of MMAG @ 35cts , 29.65 % of MYSCM @ 40cts and about 25% of Vortex.@ 0.07 cts but Nta is 28cts.....so how and when will CSYdeal with Vortex during the closed period pending announcement of June qtr result this August 2020
CSY may take some profit from MMAG & MYSCM and increase further her hold on VC as she is the only director with substantial shares in VC . If sell 1M MMAG able to buy 5M VC. Makes sense to use this opportunity to gain full control of VC at minimal cost.
What happen to the 10% placement shares amounting to about 121 million shares costing about RM 8.4 million approved by KLSE on 16-06-20......till now no news of placement to placees ?.
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....
Reap88
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Posted by Reap88 > 2020-07-29 13:52 | Report Abuse
To Maggiemee question: MYSCM got a money lending license same as VC. MYSCM now only going to get shareholders approval to diversify into money lending business. Have not yet start money lending business already shot up to $0.32 VC started money lending business already & also got approval for offshore money broking business in Labuan yet trading only at $0.065 Is this logical? Is VC undervalued? Possible for VC to go up just to 50% of MYSCM price?