Go read up on how urusharta jamaah, special purpose vehicle, desperately try to save the remains of f*cked up TH investment. Specifically with ICON Offshore, conning hundreds of million off the market.
So, it's up to u to decide what money u go haj with. Interested to find out the truth? I don't think so.
assuming that the price is 12 cts , cum rights, the theoratical ex price for Fintec is 12 + 8 =20 divided by 2 ie 10cts ...in addition , you will be entitle to 0.8 Warrant for free , at an exercise price of 8cts....if the shares is price at 10 cts, when the W is being issued the W should be valued at around 4 cts...
Overall , if you can hold through the exercise , it can be a an acceptable risks in this investment...
After the exercise, EPS per share becomes 30sen instead of 60sen when 500mil profit appear.
If don't do RI, it's gonna be mind boggling when EPS is 60sen. NTA RM1.10 and share price is 12 sen. After RI, NTA become 60sen, Eps 30sen. But trade below 10sen. Really nothing to say liao.
I suspect la ya. I suspect. They going to issue dividend with money gathered from RI. If give bonus issue. Not impressive. But give 2sen dividend for a 10sen company. That's a big deal. Sohai that dunno what's going on going to jump on board and rocket to 20sen++
Else, I'm really going to punch the CFO and choke my dividend out of him liao.
jlex11 assuming that the price is 12 cts , cum rights, the theoratical ex price for Fintec is 12 + 8 =20 divided by 2 ie 10cts ...in addition , you will be entitle to 0.8 Warrant for free , at an exercise price of 8cts....if the shares is price at 10 cts, when the W is being issued the W should be valued at around 4 cts...
The warrant price is 0.04? When can we know for calculation purpose...
sorri, I didnt monitor this counter, in fact I dont have TP for another counter, I just flow with the news and the action of the manipulator and judge according, in Lambo. Now I am totally out bec the chances of share consolidation is high.
Their pattern will be more or less like Netx. Just beware if consolidation after RI, when they pump you sell dont chase only then you can get back your money, if you know how to follow them, you might make some money. This counter is not for investment.
Only when KYY finished collecting Fintec shares just like AT, he will make good comment about AT gloves business and immediately makes handsome profit and run..
I bought below 0.10 cents and sold at 0.130 made my profit already enuf...as mentioned by @Scenery if you dont follow this counter closely and dont know how to pump and dump do not get into this counter otherwise you get burn.
Interesting read guys. Great insight. If we see their QR slides, we can see that they are mother of all Goreng counters.... goreng ayam (VSolar), goreng ikan bilis (AT), goreng sotong (Permaju) and any other goreng you name it. But however you put it, they are good at what they do which is why their QR came out superb. Whether you are morally correct to not want to make money from goreng or non-Halal activities (gambling, cigarettes, beer, etc) then stay away but if you think making money from goreng and taking money from this investor to that investor into your own pocket, then, you are in the right place because they are likely to make even bigger money this quarter. How? Just look at how active all the companies in their portfolio at the Bursa. The RI is to squeeze money from investors to shore up their goreng money bag which is why I dont think they will use it for dividend but to use it to goreng even more counters and this is why their business will flourish even more. Consolidation might happen but I think it will not be too soon, because if somehow this counter come out with good results from all their goreng, then, the SP will move up and consolidation will be delayed. Once all these activities slow down (to coincide with no more MCO, EMCO, ABC, etc) and SP starts to drop again, then, we will see consolidation as means to make money..... as always none of us here are members of the BOD, so, we are all just making assumptions at best guess. So, do your own DD starting by looking at their QR reports.
I think RJ87 already broke the EPS idea before and after RI. Please see his posts. If they keep this up, then, Fintec will keep on making money for their BOD, friends and what is left over for us shareholders, from their EPS growth and hopefully a growing SP. I personally think they will make a ton load of money from the new money they will be getting in from RI which will be their new ammunition for all the counters they are invested in Bursa. Like the above few comments, either you goreng with them when they are goreng-ing their portfolio (which you need to plan and follow very closely and make many many assumptions as none of us are among their whatapps-group of goreng buddies) OR you hope to be spare some leftovers by buying their shares and see them turning good profit every quarter (lazier and less exciting way of making money with them).
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....
oskchoon
3,186 posts
Posted by oskchoon > 2020-11-16 11:31 | Report Abuse
I only worry Fintec will drop to RM 0.08 after the RI and of this month, anyone pls advise.....