Posted by r18 > 2019-03-25 16:04 | Report Abuse

What!? 30% private placement. Then what we get actually?

Posted by Chong Hau > Mar 25, 2019 12:36 PM | Report Abuse

179 million private placement shares (29.9% of current shares) coming in to dilute 30% of the EPS.

Not to mentioned together with 18 mil warrant shares to the current 95 mil warrant shares. If all warrants converted to mother share (113 mil in total), the EPS will be further diluted 15-20%.

Orion is a good prospect company, I doubt could its earning able to catch up with addition private placement shares and warrant shares (which expired in Jul 2022).

It may faces heavy selling after the private placement took place somewhere next month. I sold half of my warrant and sold all mother shares. Waiting for it to goes down before I start collecting again.

For some of you who don't know me. I wrote up on Orion in Dec 2017 when it was 0.12, went through the period of 0.12 to 0.9 to 0.4 back to now.

https://klse.i3investor.com/blogs/ifrit2020/140531.jsp

True enough Orion has reached my TP.

Posted by pang72 > 2019-03-25 16:05 | Report Abuse

Already grab like xiao.... Hihi

Posted by pang72 > 2019-03-25 16:05 | Report Abuse

I don't expect 21cents still can grab....

Posted by pang72 > 2019-03-25 16:05 | Report Abuse

Really blessing

Posted by pang72 > 2019-03-25 16:06 | Report Abuse

Grab 1 lori

Posted by Chong Hau > 2019-03-25 16:06 | Report Abuse

@r18: 29.9%

Orion doesn't give dividend, and its warrant expiry date is Jul 2021. If you trade for short term, there is no reason to buy mother share...

Posted by pang72 > 2019-03-25 16:06 | Report Abuse

One more Lori...wait for tomorrow....

Posted by r18 > 2019-03-25 16:09 | Report Abuse

Looks like no good at all. We as small shareholders get nothing.

Posted by Chong Hau > Mar 25, 2019 4:06 PM | Report Abuse

@r18: 29.9%

Orion doesn't give dividend, and its warrant expiry date is Jul 2021. If you trade for short term, there is no reason to buy mother share...

Posted by Chong Hau > 2019-03-25 16:12 | Report Abuse

@r18: it is an old news, but the private placement shares have yet to be listed. Once listed, moving forward its earning per share will be diluted by 30% (because EPS is calculated by earning divide by total shares).

What we will get after PP? nothing except diluted EPS.

To me PP is worse than right issue. at least retailers like us can choose to participate in right issue.

Posted by pang72 > 2019-03-25 16:16 | Report Abuse

Ooo...

OK... I don't stop you.... Have other view...

I ADD more and more....

Posted by r18 > 2019-03-25 16:16 | Report Abuse

Ok. Ok. Looks like I'm late already. If buy RM0.14, it's good. But now, 30% private placement, means eps diluted by 30%.

Posted by r18 > 2019-03-25 16:16 | Report Abuse

Now operators try to goreng till RM0.25, after private placement done, drop back again.

Posted by legend > 2019-03-25 16:17 | Report Abuse

all ikan bilis RIP

Posted by OrionIXL > 2019-03-25 16:25 | Report Abuse

Pang 72 cool down. It will touch 0.2

Posted by Chong Hau > 2019-03-25 16:25 | Report Abuse

@pang72: Sure, everyone has his own opinion. I respect yours.

FY 2019 to date, Orion EPS was 0.58 cent (2019Q1 0.18, 2019Q2 0.4). Given it still can earn the same (assume it has +30% profit growth to offset the PP's diluted EPS), FY2019 EPS will be 1.16 cents.

at EPS 1.16 cents, current stock price of 0.21 is at PE 18. the current stock price was heavy push by the fact that it MAY become a Fintech company and good future business prospect in government sector. But the profit is yet to follow the stock price. I will leave you all to judge. In stock market there is no right or wrong, just untung or rugi only.

Posted by Chong Hau > 2019-03-25 16:33 | Report Abuse

look at the value of the company instead of the stock price.

ikan bilis like us can never fight with the buaya in short term, we can only outplay them in long term, by leverage on the value of the company.

stock price may fluctuates in short term, but its value will show in long term.

Posted by yoongcalyn > 2019-03-25 16:44 | Report Abuse

Momentum is still strong...Something is brewing...I will keep

Posted by moneykj > 2019-03-25 16:55 | Report Abuse

Market sentiment is bad. Can't expect too much today. But I still can see 2 signs that the price could move higher in near term.

Posted by siongkang > 2019-03-25 16:59 | Report Abuse

Hi pang72.

Posted by mh87 > 2019-03-25 17:00 | Report Abuse

DJ Future is climbing. If tonight DJ back to green then tomorrow market will be better..

Posted by amet2017 > 2019-03-25 17:00 | Report Abuse

Want to ask for TP kah?

Posted by jeand > 2019-03-25 17:16 | Report Abuse

在这边吵死人

Posted by Kopitiam 168 > 2019-03-25 17:26 | Report Abuse

Lets top collect more

Posted by damansaraeagle > 2019-03-25 17:46 | Report Abuse

Pang , frankly that is the spirit .

Posted by JacNgu > 2019-03-25 17:50 | Report Abuse

orion is pump & dump. careful

Posted by Veron_teo > 2019-03-25 17:55 | Report Abuse

not Orion. but entire market

Posted by SuperKeng > 2019-03-25 21:14 | Report Abuse

Kikikiki Sotongman correct

Posted by Abu Al Zahra > 2019-03-25 21:38 | Report Abuse

As long the price are not closing the gap, just chill and ride the trend...

Posted by Chew Richard > 2019-03-25 22:54 | Report Abuse

It is worth noting that the Sistem E-Angkasa Digital Az-Zahra was launched in mid-january this year. Therefore, the upcoming quarterly result should be very interesting.

Posted by Chew Richard > 2019-03-25 22:56 | Report Abuse

Thirty percents of private placements indicates that the shareholders are very bullish about the company's prospect as they need to inject at least 17 mils (at the price of 10 cents) - 34 mils (at the price of 20 cents) into the company.

Posted by ozzie75 > 2019-03-26 08:08 | Report Abuse

Are you sure shareholders are the ones wanting the private placement?

Chew Richard Thirty percents of private placements indicates that the shareholders are very bullish about the company's prospect as they need to inject at least 17 mils (at the price of 10 cents) - 34 mils (at the price of 20 cents) into the company.
25/03/2019 10:56 PM

Posted by moneykj > 2019-03-26 08:31 | Report Abuse

Acquisition of another 10% of Sukaniaga is good news for Orion. Means more market share in processing loan application business from huge number of cooperative members (6.17m) mostly government servants. Orion and ASAP current cmms business alone cannot support earning and share price growth.

In 2017, Scomnet take over remaining share in SMP from Taiwanese make Scomnet a strong earning and share price growth company. Its price has surged from 0.20 to 0.90.
On 13/10/2017 during the announcement of acquisition of SMP, Scomnet open at 0.19. I was buying Scomnet from 0.195 to 0.215 in big qty. Highest traded for the day was 0.22. Closing at 0.195.
The closing price made me sweating then. The next day Scomnet jump open at 0.215 and closed at 0.24. The price exceeded 0.30 2days later.

Orion yesterday open at 0.205 and close at 0.21. Highest was 0.23. This created a 2 sen long price tail about the same as Scomnet. Curious to see whether Orion opening price got big jump or not.

Posted by yoongcalyn > 2019-03-26 09:07 | Report Abuse

@ moneykj, thanks for sharing!

Posted by FlyDay > 2019-03-26 09:26 | Report Abuse

PP mean the investors have confidence on the Co...you wont invest in a co if no prospect ..this counter is for long term and not contra player

Posted by ozzie75 > 2019-03-26 09:30 | Report Abuse

Punters would always take chances in a no/low prospect company so long there is a short term hit & run potential...

FlyDay PP mean the investors have confidence on the Co...you wont invest in a co if no prospect ..this counter is for long term and not contra player
26/03/2019 9:26 AM

Posted by moneykj > 2019-03-26 09:47 | Report Abuse

So far we can't see active sellers or big sellers yet. With improving Dj, we could see some buying activities in the afternoon or even earlier.

Posted by Kopitiam 168 > 2019-03-26 09:51 | Report Abuse

Showing signs that correction will be happening today

Posted by 2323 > 2019-03-26 09:59 | Report Abuse

Cuci cuci...today i think no show,waiting tmrw 4pm show...

Posted by moneykj > 2019-03-26 10:35 | Report Abuse

2323 Cuci cuci...today i think no show,waiting tmrw 4pm show...
26/03/2019 9:59 AM
_____________________________________________

Agree. If today no volume, tomorrow got show.

Posted by moneykj > 2019-03-26 11:58 | Report Abuse

https://klse.i3investor.com/blogs/kenangaresearch/199519.jsp

Posted by NoPainNoGain > 2019-03-26 12:33 | Report Abuse

Orion always like this.after one push up, it will take a break few days.then push again 1-2 days.rinse repeat then suddenly 40c.

Posted by FlyDay > 2019-03-26 13:45 | Report Abuse

together we rise or together we fall....showtime after 330pm

Posted by solid > 2019-03-26 14:28 | Report Abuse

Anyone knows how much p share is d private placement? :)

Posted by moneykj > 2019-03-26 15:04 | Report Abuse

FlyDay together we rise or together we fall....showtime after 330pm
26/03/2019 1:45 PM
____________________________________________

Ya la. Morning already jump half sen. Afternoon continue la. DJ futures improving. More and more ppl know Orion, it already no 12 in top popular in i3. Want to push also easy la.

Posted by FlyDay > 2019-03-26 15:31 | Report Abuse

someone is still accumulating orion wa tickets...not much mv despite mum move up n down. Something fishy..mmmm

Posted by solid > 2019-03-26 16:22 | Report Abuse

Ya, the price fix event!

Posted by Newbiesky > 2019-03-26 16:33 | Report Abuse

what is price fix event?

Posted by 2323 > 2019-03-26 16:36 | Report Abuse

Will go more 0.4x....0.5x
My tp 0.35 run....kikiki

Posted by ozzie75 > 2019-03-26 16:52 | Report Abuse

It is to determine the issue price of those shares to be issued under private placement

Newbiesky what is price fix event?
26/03/2019 4:33 PM
26/03/2019 4:39 PM
26/03/2019 4:51 PM

Posted by 45AMG > 2019-03-26 16:53 | Report Abuse

next week maybe? 5 market days VWAP isn't it?