Whether a slow climbing or downtrend in near future, shall depend on how strong the holding power of retailers who bought the shares. With current price, likelihood for major shareholders to dump is slim, as Credit Suisse can no longer cause a stir with only 2mil shares in hand.
Focus contributed huge investment profit to Fintec via ABC. Current price certainly diminished its reported gains on paper significantly. Good reason for Focus to recover substantially as sweetener to retailers who have holding power when overall market sentiment improves.
Current prices of Focus-PA and Focus-WD offer better choices for capital gain. Buy @1c and sell @1.5c shall translate 50% gain in profit, ideal for small capital players in volume with holding power.
Welcome back & you guys are great ,,,please continue to post fear factors , recycle etc2... maybe you should post in BM or Tamil ...last time it was English & it doesnt work... ...mayb you all sud research those recycle news in BM or Tamil, and post it next ...
Anyway , I am 25% out at 9,5cts , next 25% at 10cts & balance at 11cts..
Please post more such fear factors posts and recycle news ya...the mre you post, likely the price will go up...
@takerisk: Current prices of Focus-PA and Focus-WD offer better choices for capital gain. Buy @1c and sell @1.5c shall translate 50% gain in profit, ideal for small capital players in volume with holding power.
07/05/2021 11:24 AM
BLee: Totally agreed. A million shares of 1sen Focus-PA worth only RM10k. Subscription cost of 5.5sen seens as support level?? Below extract from Focus-PA prospectus for sharing:
"Adjustments to Conversion Price and/or Conversion Mode:
The Conversion Price and/or Conversion Mode may be adjusted at the determination of the Board, in all or any of the following events:- (i) a bonus issue of Shares by the Company; or (ii)a capital distribution to the Shareholders made by the Company whether on a reduction of capital or otherwise, but excluding any cancellation of capital which is lost or unrepresented by assets; or (iii)a rights issue of Shares or convertible securities by the Company; or (iv)a consolidation of shares, subdivision of shares or reduction of capital; or (v) any other circumstances deemed necessary by the Board, provided that any adjustment to the Conversion Price will be rounded,
Provided that any adjustment to the Conversion Price will be rounded down to the nearest 1 sen (RM0.01). The adjustments shall be adjusted, calculated or determined by the Board in consultation with and certified by an approved adviser or external auditor appointed by the Company, as the case may be."
Meaning, Focus-PA Anti-dilution of any new increase/decrease in mother shares??
"In the event of liquidation or winding-up of the Company:- (i) the assets of the Company shall be distributed to the holders of the ICPS in full of the amount which is equal to the issue price for each ICPS in preference over the holders of the Shares, provided that there shall be no further right for the holders of the ICPS to participate in any surplus capital or surplus profits of the Company."
Meaning, lower risk?? Happy Trading
Disclaimer: My comments are for sharing purpose; NOT a Buy, Hold or Sell recommendation
No power cos all the kindhearted people did not posts enough fears factors news or post recycle news ...wait for them to caution the i3 forum on it , it will fly like last time..
Hope they continue to be around and keep posting ...PLEASEEEEEEEEE
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....
takerisk
78 posts
Posted by takerisk > 2021-05-07 10:45 | Report Abuse
Whether a slow climbing or downtrend in near future, shall depend on how strong the holding power of retailers who bought the shares. With current price, likelihood for major shareholders to dump is slim, as Credit Suisse can no longer cause a stir with only 2mil shares in hand.