At 5 sens, Fintec capitalization is only Rm37.39 million. It has cash Rm20.2 million. Its investment holding of Focus, Netx, AT(S), Vsolar, DGB, Mlabs, Seacera and TNB has a market value of Rm330 million. Basing on the closing price of all the above mentioned stocks on 31/12/2019, for the next quarterly earning report for quarter ending 31/12/2019, My estimate for Fintec's earning is about 15 sens a share with NTA of 50 sens a share due to 'marked to market value' for all its investment holdings.
chanky50 At 5 sens, Fintec capitalization is only Rm37.39 million. ===================================== Dont forget there's also 900M PA shares, thats convertible at minimal cost to 450M mother share, at 5 c thats RM22.5 million "stealth" market map
Granted, some of these already converted, so not quite RM60M cap at 5 cents, but more like RM55M.
And not even counting potential dilution from the warrants. 130M Warrant A at 0.3 and 90M Warrant B at 0.15 exercise price
At the current level, its not likely to be dilutionary since doesnt make sense to convert but at your valuation it will be.
So a lot of recalculations there, if you want to use fully diluted earnings for your valuation.
If u are not satisfied with their policy,just raise issue just as seacera case,as fintec 90% shareholder is retail investor,make sure u hold as many as u can
Can the dividend come from Focus shares? Let say Fintec own 25% Focus give us 2.5%?
Posted by Chan SauWei > Jan 9, 2020 6:42 PM | Report Abuse No bonus or dividends to share holder.. No different even the nta up to 0.80, 1.10 or 1.50..... Just a paper or number only....
wa so many people expect it to go down further ka to 3 or 4 cents only . look like this counter no hope already la . stock name - Fintec represents prudent investment co , got class but actually so lousy ka
Below people sold not more logical? No job so cannot wait?
twl5137 Going to 0.040 28/01/2020 10:00 AM
Chan SauWei Going to 0.030 soon... 29/01/2020 1:59 PM
kelvin17 wa so many people expect it to go down further ka to 3 or 4 cents only . look like this counter no hope already la . stock name - Fintec represents prudent investment co , got class but actually so lousy ka 29/01/2020 3:53 PM
chankuanloong don't worry.. half cent or 1 cent best offer 29/01/2020 7:29 PM
Chan SauWei Soon become single sen counter 29/01/2020 7:50 PM
techpower how NFCP 1 project related or can benefit Fintec ?? surprise the share price is continue to be more depress like the co is going from worse to worse
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....
Fintec
328 posts
Posted by Fintec > 2020-01-09 12:24 | Report Abuse
4.5 sen kkl123 sold? Why he no more post? Buy PA n convert not profitable but more fee is sure.