TurkeyFig and Reap88, Thank you so much for your helpful description in simple terms! I wonder what "impairment loss recognised for a receivable in Moneylending..." is? Something like borrower default on payment? As for "Impairment loss on land held for development", land price usually up but I suppose now down due to Covid? Anyway, as it is so much undervalue, I will also hold it for several years for Mdm to have time to achieve growth.
Peace99, Those who sold at RM0.10-RM0.105 would have cut loss perhaps in need of funds without studying VC history & financial reports. At some point in time VC needs to rebound to unlock its value. VC has a history of moving up very fast to be even the most daily active stock. Have patience & you will be rewarded handsomely. Study VC announcements last year & you will get the picture
hotdog you twist and turn like sausage dog. You spreading unfounded news said Madam is Lien Hoe scam group gang and now you said your are part of Madam and Tian Tian Huat Group. That means you are part of Lien Hoe scam group kah. Dont simply talk cock at here lah. You try to make madam as the culprit kah. Madam Jia you we always support you. You float we float. You sink we sink. lol
For those of you who are worried of VC financial position please take note that VC debt to equity ratio (30.2%)should be considered satisfactory & VC has sufficient cash runway for more than a year based on its current free cash flow which is good. Don’t simply cut loss & sell cheap. Buy if you have the funds
ya ..fake transaction..the patern similar with meridian and it happened on the same time..probably from the same operator !.. Their are disposing PP shares at selling price..sikit2 top up..just to make the number limited amount available. BOTH compay QR..rugi kaw-kaw
Many who are “ trapped “ at RM0.11-RM0.12 are using this opportunity to cut loss probably without realising VC fundamental & financial standing being swayed mainly by current pooor market sentiments
I have kamgtao is dead again, Ms Chan is controlling using minimal shareholding only because Eugene and other directors gave up.
Hi people, avoid visiting the forum for lambo, vc, these 2 forum are being spammed by hired spammers. If you want to comment, suggest to add that few facebook users called GORENG TIPU BURSA Klse.
That facebook called GORENG TIPU BURSA Klse has disclosed everything about lambo, xox, fintec group, focus dynamic, you can see the picture of the culprits.
Please report to police, security commission, Bursa malaysia, Hong Kong police (Sanston and Lazarus), Hong Kong security commission (Sanston and lazarus), malaysia gungho politicians especially from DAP tony pua, ong kian ming, and Lim Lip Eng. Use the evidences at those facebook called GORENG TIPU BURSA Klse
I have reported, those politicians expect more people to report, please proceed to pm them in FACEBOOK MESSENGER, so they know the extent of the damage to malaysian retail investors. 19/05/2021 12:28 PM X GorengGroupFB Please also make report to UBS AG and CREDIT SUISSE, these 2 are the nominee brokers for sanston financial and lazarus group. Send them the below link. Go to their customer service page and make report of anti money laundering activities.
If you take sometime to read VC financial results you will realise VC has cash & cash equivalent if RM50M at the end of the financial year. Total assets is RM318M whereas total liabilities is only RM139M Term loan is RM48M which can easily be settled from recent RI. Last year conversion of ICPS raised RM55M. Those who converted their ICPS have paid so much for the conversion. I believe are still holding their shares. VC current financial position is now so much stronger than when it was at RM0.025-RM0.03 last year. Crazy for people to keep selling at RM0,10-RM0.105 as if VC is going bankrupt & to value VC in the same category or even lower than some PN17 companies.
Reap88, You try to read Sanichi financial statements, cash in hand rm200m after right issue and debt free, why the price still below 0.10? Don't just to read financial report, have to consider the quality of management team.
You are right Wong Yi Ming. Sanichi financials statement looks clean. The other factors that also needs to take into consideration is the revenue. VC last quarter revenue is RM46M Sanichi revenue RM4M VC NOSH is half of Sanichi. The other factors that also needs to consider is of course who are the substantial shareholders in both these companies as well as market perception, sentiments, reputation & company track record. Best of luck to you in your investment
What VC needs is another financially strong substantial shareholder who will mop up the shares and hold to reduce VC free float. If this can happen VC will fly. Cutrently weak shareholders are selling everyday small amounts at between RM0.10-RM0.105
Everyday got shareholders throwing 10,000 to 100,000 lots @ RM0.10 - RM0.105 thus giving the impression that VC shareholders are weak financially, desperate to exit by selling just to raise RM1,000 - RM10,000 . Hopefully the selling will eventually dry up and in the hands of more financially strong shareholders who are willing to hold longer term, thus reducing VC free float
Very few people would have so much VC WC, CSY holds 82M VC WC Also unusual such a large block VC WC is made available on the open market? If VC is read with the volume & sell down of MMAG does it indicate a margin call , an exit by a substantial shareholder of a possibility of an impending BOD tussle
Reap88, yes previously we can see its warrant with huge block at 0.03. Yesterday those blocks have been cleared after 4.50pm with single huge buying transaction.
Maybe big boss try to collect more shares at cheap level
mh87, You are right that somebody is collecting large amount VC WC cheaply possibility as an edge to convert to mother in case of another BOD tussle. Am curios who are the top 30 substantial VC shareholders and percentage they control of the issued capital. The data will be reveal when AR released I believed VC will appreciated substantial by the time of AGM & 2nd Qtr results. released
AGM normally held 6 months after released of final year annual results. For VC financial year ends March. So AGM by end Sept. Please check VC announcement for previous years AGMs dates
VC market capitalization @ RM0.095 is RM63M. As of March 2021 according to latest annual results VC has cash & cash equivalent of RM50M Do not forget RI raised another RM57M which is not included in the 4th Qtr results. Ridiculous the cash is more than the market capitalization & this does not include the tangible assets.
The cash will be siphoned off. Wake up silly, cash will vaporize by the next AR, by then the share px will be below 5sen with another RI. Want to trust these fukers, get ready to be sodomized again!
Group cash will be passed to money-lending subsidiary to lend to cronies with shares as collateral (MMAG/KTG or G3?) or no collateral in some cases. When brokers force sell, everything goes up in smoke. Now you see it, next you don't.
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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....
TurkeyFig
790 posts
Posted by TurkeyFig > 2021-06-01 13:11 |
Post removed.Why?