40% PPs will be bulldozed and the pricing will likely be between 4-7cts like in Sept2020 and Jan2021…similar modus operandi all orchestrated by CSY & cronies….expecting VC to be maintained at 7-8cts for now…
i thought there is someone talking about the director fighting with each other to get the company share number? now no more news? how is the story go on? still fighting and collecting?
Brilliant but cruel move to massive sell down yesterday to create panic amongst speculators for them to cut loss and enable them to accumulate cheaply. The interested party will start buying in again at RM0.08 If want to accumulate large quantity may be different to do at RM0.075
I suspect the massive selling yesterday was probably to enable directors to accumulate cheaply. Please refer to VC announcement to bursa on 25 Oct. CPH is not a shareholder yet intend to deal meaning to accumulate VC & warrants
From today’s closing I feel VC still very much in play. Once directors have accumulate sufficiently will not allow VC price to fall too low to allow hostile party or a raid on the company. Believe the 60M conversion from WC must have given them a shock to start buying in by notice to bursa on 25 October
f1888, Glad you have managed to buy all RM0.075. Don’t be in a hurry to sell, Possibly by next week before EGM may go higher than RM0.09. If got holding power hold
Agree with you f1888 on the macro picture. On the company perspective CPH never made any attempt to buy back since he cease to be a substantial shareholder on 9 July 2020. Why now?
Was RM52 million from SDBB for the Lourdes Project due for repayment on 30-6-2021 paid ?..looks like 40% PPs at 7cts can raise only rm28 million unless PP price can be higher ? Conversion of 18.43 mil WBs and 21 mil PA at 44–45 cts get only 39.43 VCs compared to 205.42 mil WCs at 0.17 to get RM34.93 million where 60 million WCs was converted to raise RM11 million was done 21-06-21…with nearly 75% retailer shareholding, very hard for RI which will be undersubscibed…do not be surprised of more WCs conversion to fund VC cash flow constraints..NTA of VC 36cts…which option to be played by CSY/CPH & cronies next week…
Good analysis f1888. Assuming 40% PP approved VC NOSH will increase to 1,1140,000,000 CSY currently holds 177M CSY share will be diluted to only 18%. If the 40% PP were to be placed out to one party which I don’t think BOD will do, that party will become the largest shareholder. The new shareholders that subscribed to the PP holding cost will be less than CSY. No matter how you look at it CSY must buy in cheaper than the PP new shareholders and at the same time increase her shareholdings before dilution by PP. Otherwise a hostile takeover will be a real possibility since CSY will only hold 18% of the NOSH with 40% PP. Hence no option but to give notice to bursa on 25 October to deal. Unless VC price appreciate, no point to carry out such massive PP just to raise RM30M and in the process diluting the capital base and destroying small shareholders & retailers confidence & goodwill. VC BOD must realise long term will need the support from the investment community and instilled confidence and change retailer’s perception of the company
Good to hear from you again Michael Kwok. A TP of RM0.10-RM0.12 is not unrealistic when VC NTA is RM0.35 and RI is at RM0.17 At RM0.075 VC market capitalisation is only RM54M when total assets are RM338M
Looks like many could have bought VCs under margin or T10 days interest free period like me at 7.5cts……due only on 16-11-21….which could be why no volume for now.
You are lucky f1888 to have T10 interest free facilities. We ikan bilis only enjoy T2. Looking at the drop in volume ptobably cpuld have been taken up Clearer pictutre after today's EGM
From the results of EGM, CSY & friends only accounted for 244M The motion can easily be defeated if more shareholders were to attend the EGM. Have only ourselves to blame for the massive dilution of capital The shareholdings of VC are too fragmented with hardly any institutional or large corporate investors. Hence VC BOD can easily sideline small & retail investors. On hindsight VC BOD need to push up price.If PP price too low will not be able to raise required funds to meet the targeted amount.
Nearly 60 % traded >440 million VC traded on 26-27 Oct..between 9-11cts….against 726 million VC share capital..CSY/CPH announce 25-10-21 intention to deal…suddenly drop back to 7.5cts…to date no substantial shareholders announce …40% PPs ..a well planned insider manipulation game by CSY/CPH and cronies coming hopefully to coincide with Sept qtr financial result and rumours like One time Eugene Goh the ED go to see some SJ Securities gus for lunch /business talk, etc
If BOD were to fix PP at RM0.08 will be able to raise only RM31M which means the average price for 5 days prior to price fixing average is RM0.09 with the usual 10% discount
Types of corporate proposal Exercise of Warrants Details of corporate proposal Conversion of Warrants-C No. of shares issued under this corporate proposal 6,117,200 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1700 Latest issued share capital after the above corporate proposal in the following Units 732,126,052 Listing Date 12 Nov 2021
It has been 2 weeks since PP approved by EGM Until now still no price fixing. Is the delay in fixing PP price because BOD having difficulty securing investors to take up PP?
VC cannot even clear RM0.085 convincingly f1888, how to reach TP RM0.10? Still so many sellers at RM0.075 Makes me wonder whether VC still have business associates & retailers support to push price to even RM0.0.9 and beyond
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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....
Sandlejepon
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Posted by Sandlejepon > 2021-10-27 21:09 | Report Abuse
Tomolow la kasi cun sikit