turkeypig = dragonslayer = buahciko = luckyzaii is doing the same barbarous thing again, lying about others to pass the blame of his causing price drop to WTT, like what he did in Lambo to me... lol...
why you all so sad. talk kubur at here. here not kubur lah. must have high morale lah. why affect other ppl mood lah. Here is going to be Heaven for me soon. lol
If post consolidation with decreased NSOH VC still trading at a tight range the RI will not be successful. I believe even substantial shareholders will hesitate to subscribe for the RI unless there is a margin of reasonable returns. Nobody is willing to throw good money with a high possibility of losing it all. Now is the time for VC BOD to show to us shareholders how competent they are managing the RI and the company going forward.
For me no show already lar. It is nearer to consolidation date. No movement. Next week only have 4 days to go. Maybe got miracle? I am not sure but the current situation seems not able to. Therefore, the proposal to raise the fund to pay off debt will be unsuccessful based on the given scenario in the proposal with current price. For VC to fulfil the proposed proposal, the price need to be around 65 or 70. Anyhow, I also hope VC will go up and improve. Just pray hard.
In other meaning, the first proposed proposal is rubbish. If VC not able to raise the fund they wanted, it will back to square one again. Fund raising, right issue, etc. and the number of shares will back to current quantity although after consolidation. I am just talking about theory and logic. Not to attack anyone in this forum. I am investor, hope to have return but the current situations really disappointed me.
OracleofOmaha is correct that the management wants to flush out retailers by purposely depressing prices. This is also a way for someone to collect cheaply. Not many KLSE companies are prepared to go down this route as many shareholders will be disappointed. I am sure jt18 as a shareholder is not too optimistic to subscribe for the RI. This sentiments is also shared by many shareholders. If VC BOD does not read the sentiments of the shareholders correctly there is every possibility the RI may be under subscribe unless they do something to address the issue
The current problems of increase free float & NSOH faced by shareholders is in part due to the action by vC BOD. The increase in free float was due to directors selling their shares EG 91M on 21/07/20 & CPH 25M on 19/06/20, 20M on 01/07/20 & 45M on 09/07/20 EG & CPH ceased to be substantial shareholders but are still ED of VC On 15 Jan 2019 VC NSOH was only 424.7M It ballon to currently 1.33B due to PP of 109M on 23/09/20 & 130M on 08/01/21 The increase in NSOH is also due to the conversion of ICPS to VC . The conversion of ICPS & PP brings additional cash to VC coffers but at a price of increased NSOH which now needed share consolidation to resolve The sudden plunge in VC price beginning of Jan 2020 and the continue depress VC price in 2020 sap shareholders confidence. With current shareholders low morale and poor sentiments VC BOD wants to ask shareholders to pump in more money to subscribe for the RI. Unless and until there is a substantial appreciation in VC price or a rosy outlook in terms of contracts new projects I honestly don’t think this will happen. There are so many other KLSE companies that shareholders can invest in for better returns .
Will wait post consolidation and RI details before making a decision. My main concern is will there be again another massive sell down to depress prices as what happen in Jan 2020 after RI.
Some people talk too much on this forum... let do in simply way (1) If u think it is no reasonable/ worry to wait and subcribe RI, just sold it ! (2) If u think it is ok for long terms, pls wait for consolidation and subcribe... Simple way !
Of course, my comment and advice is u want buy some ti keep for consolidation as now price is cheap...the estimation after price consolidation is 0.22 which means around 0.055 per share now....but sure for long term...
Have u all seen the VIVOCOM, after consilication is 0.40...now already 0.80....the important is company business now already 2 qtr is profit especially this 2 mth during the MCO period....what i want say is even MCO period also can make turn into profit, the managment is can say in good well management !
i dont know their next qtr that come out result end feb21 is good or not...i dont have insider news....but if really they still can make it accum 3 QTR result become positive profit, i would like to give big proud to them...not because i know them, but is due to the VC new management can make the business become best for 3 qtr accum as most compeny is bad result/ loss money during MCO period
MMAG before that also have been consolidation....many company also consolidation andRI.....the point is their financial result....if they still can the performance in good qtr result....after consolidation...it will up due to more earsier to push as less share after consolidation....
Pls take one important note that even if no consolodation or no RI...the price will also down if no good finance result perofrmance......but again, many small cap during MCO period is loss financial, while VC can be 2 qtr accum in green profit for financial report....i believe they can continue to 3 qtr accumulative profit...
have u all seen the big throw/ sold from their main shareholder ?...the answer is No !... means that they and ours in same plance as shareholder....they also no worry to purchase RI, why not ours ?...
and i believe VC next qtr finance report that will come out end feb21 should be better result also !!!! reasons is their main dhareholder already know the result, which no sell their share....and wait consolidation and subcribe RI...
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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....
Undi_PKR
945 posts
Posted by Undi_PKR > 2021-01-19 10:11 | Report Abuse
Zuraida you won GE14 on what party?