Scomi a PN17 company with no revenue & negative NTA market capitalization is double VC . Unless VC BOD can boost shareholders confidence and market price I seriously doubt many shareholders will subscribe for the RI even with free Warrants At RM0.185 there is not sufficient margin & incentive Only at RM0.28-RM0.32 (Eqivalent to RM0.07-RM0.08 before consolidatoon) or higher will it be attractive to subscribe for the RI bearing in mind post RI there will be price adjustments. Nobody is going to put in more money to lose it given VC recent track record.
RI going to start already. OMG why RI price so high 17sen. Not much discount given to shareholder lah. No choice lah want to raise rm61mil to pay all the loan lah. If issue lower then lesser amount of fund raised. Like this left free warrant as the goodies only. Not very attractive lah. lol.
Fintec rights issue completed on 28 Dec 2020 was at RM0.08 Today Fintec is at RM0.065. Many of those who subscribe to the RI may have lost money because there is not enough buffer and margin. VC at RM0.17 have even more downside room compared to Fintec. Normally prior to entitlement date there will be high volume & lots of excitement and interest in the shares. VC no volume with hardly any interest. The ball is now in VC BOD court. How will they successfully implement the RI given current shareholders weak sentiments and attitude
EG, Madam, MMAG, Hong Seng & operators may declare or dispose VC etc when in actual fact they are acting in consort for something good or bad..if only we are involved in their Insider Meetings...
You are right f1888. Ordinary shareholders like us are at their mercy. What is the game plan for VC given MMAG & Hong Seng have all gone up last year. Given CSY is a substantial shareholder. don’t believe VC will be left behind. The question is when will it move?
Those who subscribed to VC previous RI in April 2019 at RM0.15 (Ratio 1:5) would have lost their shirts & pants when VC plunged to RM0.08 in Feb 2020. Lost even more with share consolidation 1:4 Am sure this memory still very fresh in the minds of many shareholders. Now asking us to subscribe for even more RI when VC is only at RM0.18 with RI RM0.17. Will we see another repeat of previous RI history come December 2021? The free VC WB given to those who subscribed to the previous RI are not enough to cover the lost in value of VC with the share consolidation. Apart from CSY I don’t see any enthusiasm from the other EDs & MD to become VC substantial shareholders & subscribe for the RI
Tmr will be the week that is crucial for VC ... It will determine whether all the people want to subscribe or not. If the price is still the same, sayonara to VC. All the actions will be nothing or useless. Anywhere, I still hope some miracle will happen although it is very slim.
You are right jt18. Next 2 weeks are crucial. Will decide whether to subscribe for the RI depending on VC price. No point throwing good money after bad. There are so many other KLSE companies for us to invest. Nobody wants to subscribe for the RI to lose money unless of course there is a fair chance of a reasonable return.
The PP 109M @ RM0.073 on 29 Sep 2020 & 130,879,700 @ RM0.046 on 8 Jan 2021 should have qualify them as substantial shareholders theoretically unless they sell off immediately and cease to be substantial shareholders. Unsuspecting retailers who bought from the PP holders may be financing VC operations indirectly as the PP purchaser would have got back their investment possibly with a slight profit
CSY is good investor so chances of VC drop after RI compared to other counters (eg Fintec) lower? MMAG also rebound and have good news yesterday show CSY good as boss?
Last year Fintec in Mar only 2 sen so 3.5X more in 2021 thanks to surge in Focus Dynamic price. If Focus remain min 60 sen(before share split) plus Fintec gloves being in operation maybe Fintec min TP 10 sen by 2022? Almost 50% more than current 7 sen or above RI 8sen.
ular badut is a con artist, trying to lure newbies to buy few bids higher so she can sell enuf of your con show lah, u better go jaga yr cucu and kebun lah
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....
8888_
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Posted by 8888_ > 2021-03-17 10:00 | Report Abuse
RI price also lowered no more 20 sen.