In the normal circumstances, is it good to subscribe the RI? And what is the usual trend of the price movement after RI shares listed in the market? Hope to get some insights from you sir.
you will receive the entitled form of right by despatch to you by normal post , despatch date 26/11 . you wii receive it about 5days later. enclosed with return envelope , go to bank buy bank order .send back by courier. to check with your remiser if you buy OR fr open market, he can print the entilted form for you. pl ref to your remiser face to face talk easier than here
kkl123 thanks for the info. From the prospectus, it seems that we can perform E-subscription. This is much more convenient especially during this moment
Go to tiih online and follow the instruction...you need to sign up for tiih online 1st and after that you can subscribe for the rights using e-subscription ...
1. Meaning to say, people who are able to buy OR are only from 'existing shareholders', or either public who buys from those 'existing shareholders' who forfeited/sold their OR (rights) am I right?
2. Also, once trading day ends, OR will no longer be on the market, and will be converted into mothershare and merge with my existing price acquisition am I right?
25 NOV 2020 FINTEC GLOBAL BERHAD 10 largest shares holder
Adamas Finance Asia Ltd 31,840,000 ~ 2.26% Ong Kim Leng 15,920,000 ~ 1.13% Ong Eng Taik 14,270,000 ~ 1.01% Tan Seng Chee 12,000,000 ~ 0.85% Piong Yon Wee 10,200,000 ~ 0.72 % Bu Yaw Seng 9,000,000 ~ 0.64% Ho Ah Chai 6,600,000 ~ 0.47% Teh Bee Khay 6,500,000 ~ 0.46 % Eng Hong Palm Oil Mill Sdn. Bhd. 6,500,000 ~ 0.46% Low Min Hing 6,400,000 ~ 0.45%
ini kali fintec macam tak ada business cuma main finance saja ..aku tengok dia hutang lapuk cuma cakap bikin sarung tangan raised fund bayar hutang saja ..
Dulu 2017 RI raised fund cakap nak bikin construct the Petronas Refinery and Petrochemical Integrated Development or Rapid within the Pengerang Integrated Petroleum Complex (PIPC) lepas itu akhirnya hanya bikin register SSM baru subsidiary AsiaBio Petroleum Sdn Bhd saja nama nya ada petroleum tapi tak ada business hanya syarikat dormant.
2018 masa DFTZ. raised fund SIS cakap nak bikin export halal food products to China .lepas itu apa pun tak bikin ...
wang pergi mana ? tak business wang pergi main finance beli saham saham
short term loan 28.96 mil current liabilities 45.07 mil lu tengok lagi satu bulan kena settle , tunai RM 670,000 apa macam bayar gaji pekerja dan settle hutang ? raised money bayar hutang
but you need to pay additional 0.08pershare get new share plus freew w if you dont want to pay add 0.08. you have to sell off OR before 4/12. OR sold , warrantc gone also
Guys, valuation for the Fintec OR is computed as follows. You pay 0.8 cts and u get 1,000 fintec & 800 W :
Valuation of the OR, if Fintec trade at 10 cts :
a. Fintec Parent = 2 cts (10cts-8cts) b. WC conversion price is only 0.8cts and it is in the money. Current WB which is not in the money with a conversion price of 15cts , it is traded at 4.0cts. Based on the same pricing for WB , WC is expected o value a min of 4 if not more , based on WB valuation .
Estimated valuation of the Fintec-OR is 6cts....too bad contra players will have to sell it and for those with holding power, it is better to subscribe for the rights...
A bit disappointed with the trading of fintech today, not because of the price, but there are so many people that are not being thankful and not smart enough to discern info. The -OR reference price 0.035 men, but why did they still throwing kaw-kaw? Doesnt makes sense sometimes how people think, if just thinking your money can buy anything, just switch to your money buy knowledge... buy knowledge on investment...
If i am originally entitled (X) RI and I buy additional (y) OR in the market during this period, when i want to subscribe, can i just put (x+y) unit when the form i receive earlier is only showing X units?
azfar8, the reason is that there r too many so called investors who dont understand the concept of rights issue pricing and punt it on short term holding...let them be...it their loss and gain for those who have holding power...
Fintec OR value is a min of 6cts...based on current price of Fintec...if fintec goes up 3 cts , the OR is value at 6 +5...
even if fintec , goes down to 8cts , Fintec OR will be valued at a min of 2 or 3cts , based on the value of WC alone...
khpwwl, there are so many strategies to make money, that why if you read about the rebranding, fintech come from Financial before Technologies. Yes, technologies in these days, but to do it, you need financial. And also, if you help other grow,the business successful fintec get more return, if not successful too, the original lend amount, might get cover. you see, try take a look at their model of business.
kelsim , yes u r right ...it is better to subscribe the rights using esubscription ie sign up with tiih online and get the information there or call up the regitrar for additional information ...very fast easy and convenience ...can be done in 10 min...
Cheers...
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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....
Uptrendwave
143 posts
Posted by Uptrendwave > 2020-11-25 13:12 | Report Abuse
RJ87, what do you think the price of OR tomorrow?