like i said before when it start to rebound then it will happen fast..congrats for those who buy at 0.07-0.075..but party will only start after it can break 0.09..after that no more turning back..so either you dont take risk and sell now or sit tight and wait for the party..i choose the second option.
VC short term assets exceed it's short term liabilities by approximately RM200M. VC debt to equity ratio is 4.1% which is considered satisfactory. VC has sufficient cash runway for more than a year based on its current free cash flow VC is good value based on its PB ratio. VC is undervalued compared to its Total Assets of RM333M. Don't expect VC will drop to RM0,02 anytime soon. Be realistic
VC lowest price last year was RM0.025 n March 2020 before share consolidated. VC financial results 31 March 2020 Total Assets RM266M, Total Liabilities RM145M. VC financial results 30 June 2021 shows Total Assets RM338M Total Liabilities RM100M with Term Loan at only RM9.5M. Despite being in a much stronger financial position VC price is at RM0.075 which is lower than its lowest price prior to consolidation. No rational for the now depressed price. Am wondering how long the substantial shareholders is able to withstand VC depressed price if have pledged VC shares.
PP may be a good thing. Price fixing I believe will be based on closing price over 5 days. with a slight discount. BOD must push up the price. If PP price too low will not be able to achieve target of raising RM34M.
Circular to shareholders in relation to the proposed private placement of up to 388,463,200 new ordinary shares in Vortex Consolidated Berhad ("Vortex") ("Vortex Shares") ("Placement Shares"), representing up to 40% of Vortex Shares in issue (excluding treasury shares, if any) ("Proposed 40% Private Placement")
16 Mar 2021 29 Mar 2021 Rights Issue 1.0000 : 1.0000 @ 0.17 18 Jan 2021 02 Feb 2021 Share Consolidation 1.0000 : 4.0000
======================================= Total issued shares = 665,304,752 PA = 21,301,072 WB = 18,430,501 WC = 266,121,872
Upon completion of private placement (assuming no conversion of PA, WB, WC), total issued shares will be close to 1 BILLION ========================================
The entity that convert 60M VC-WC may emerge as the 2nd largest shareholder after CSY. Something is brewing. Nobody will spend so much money to collect VC-WC and to convert to VC if got no plans.
From VC AR 2021, CSY is the largest VC WC holder with 35M VC WC which she sold all by 11 Oct. The entity who converted the 60M VC WC must have collected from open market. Assuming VC WC bought at RM0.025 with conversion fee of RM0.17 total cost RM19.5 Nobody will pay such a high premium without a plan. Time to buy.
The person who converted the 60M VC WC to mother is of the opinion that VC is undervalued and is worth more than RM0.195 Otherwise would not have collected so much VC WC and spend so much money to convert.
[VC] Exercise of Warrants on 20-Oct-2021 Stock [VC]: VORTEX CONSOLIDATED BERHAD Announcement Date 20-Oct-2021 Listing Date 21-Oct-2021 New type/class? No Type Exercise of Warrants Details Conversion of Warrants-C No. of shares issued 60,704,100 Issue Price Malaysian Ringgit (MYR) 0.170 Par Value - 0.000 Total NOSH 726,008,852
Warning to retailers and newbies. Don't fall into the trap. Never chase this counter. Soon the price will fall back to 7s. look at the past chart and trend.
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....
whistlebower99
5,255 posts
Posted by whistlebower99 > 2021-08-26 10:26 |
Post removed.Why?