Looks like the 388M PP is too massive. BOD has yet to fix PP price I suspect probably due to difficulty securing interested parties for PP. Maybe better for BOD to call off PP, take a bank loan to complete The Louvre to regain investors confidence and move forward with new projects
VC just released its latest financial results. Given the current business environment not bad that VC managed to break even. Price unduly depressed due to pessimistic perception of the company with the massive 380M PP
From VC latest financial results Total Assets RM335M Total Liabilities RM101M Net Assets RM234M At RM0.065 VC market capitalisation only RM48M. Ridiculous A company with RM234M net assets market capitalisation RM48M Somebody with just RM40-RM45M can get controlling interest of a company of net assets RM200+ M So much pessimism as if VC is a PN17 company. Some PN17 company market capitalisation more than VC
agree with reap88, the condo project the louvre country height at kajang really that bad? this is the only thing i can think of that makes vc price so low right now
Until now VC BOD yet to fix price for PP. Looks like with current depressed investors sentiments BOD have difficulty getting investors to take up the PP and inability to push up VC price to achieve the targeted amount. With prices of constructions materials going up next year and the lack of financing very likely there will be more cost over runs and The Louvre not likely to be completed by mid 2022
run before the directors start selling.... look at history of this counter... push up, directors selling, push down...wait for the right moment, and repeat the process.... the chart never lies...
now they are fishing bilis to panic sell morning show big buy que volume, huge buy que volume retracted after 2:30pm but only few bilis panic sell, operator didnt dump yet hehe very sien earn 0.5c atleast 1-2c more shiok
I refer to VC announcement yesterday. How can VC BOD in the money lending operations lend out RM14M to companies without any securities which eventually became bad debt. RM14M is no small sum. No company will lend out such a big sum without securities. Who approved this loan? What steps are taken to recover the bad debt? Shocking!
Have not seen any announcement of any legal action taken against the parties that owed VC the RM14M to recover the bad debt. What can small shareholders do?
Yesterday announcement CSY to trade during closed period. Market no reaction. Investors not fooled again. Last time similar announcement on 25 Oct larger volume with some small price uptick which eventually fizzled our
Announced EX Date Subject Ratio Offer 16 Mar 2021 29 Mar 2021 Rights Issue (warrant) 1.0000 : 1.0000 0.1700 18 Jan 2021 02 Feb 2021 Share Consolidation 1.0000 : 4.0000 29 Mar 2019 10 Apr 2019 Rights Issue (warrant) 1 : 5 0.1500 29 Mar 2019 10 Apr 2019 Rights Issue 3 : 1 0.0500 09 Jan 2019 22 Jan 2019 Share Consolidation 2 : 1 28 Jul 2015 07 Aug 2015 Share consolidate 2 : 1
====================== Directors good in shares consolidation and fund raising exercises via share and warrant issuance Not good in generating profit from business Company fund mostly derived from PA & Warrant conversions and fund raising via PP and RI
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....
Reap88
681 posts
Posted by Reap88 > 2021-11-22 16:59 | Report Abuse
Looks like the 388M PP is too massive. BOD has yet to fix PP price I suspect probably due to difficulty securing interested parties for PP. Maybe better for BOD to call off PP, take a bank loan to complete The Louvre to regain investors confidence and move forward with new projects