For those who say fintec will incur huge loss next quarter, I don’t see it. Look at the AT share price compared to September another 200%+ gain, how can it be a loss that much ?
With more than 4 billions shares after RI, chances for share consolidation risk is there too many shares in the open market especially major shareholder owned less than 5 %...
We have seen many company after consolidation 10 into 1 or 5 into 1, shares prices immediately went down very quickly.. So it is a risk to consolidate shares... But Fintec total 5 billions shares is hugh...
Fintec cash in hand only 12 millions, paper gains 720 millions not physically gains, what happens if these paper gains collapse later on, then Fintec will need shares consolidation to control the prices...
Is share consolidation is a good thing or a bad thing? two 50sen for 1 dollar. Or 1 dollar for two 50sen got different?
Topglove give bonus issue. Ppl say woahhhhhh...drop from 27bucks to RM 9. Cheappp ar.... In my heart, these ppl's brain grow beside their @sshole one is it?
oskchoon It RI totally subscribed, it may reach 5 billions shares in total.. very risky for shares consolidation exercise later on...
RM 12 millions cash divided by 5 billions shares, it is equivalent to RM 0.0024 per share, not even half sen per share.. so hugh volume of 5 billions shares still a risk...
Well vivo after conso rocketed. But it’s pointless to discuss this now as company will announce if they plan to It’s just losers who don’t have a good strategy to profit having to scare people Just exercise the OR and get the free WC
chankyew50 only you talk PA nobody else here bother?
chankyew50 In addition to what I have posted at 10:15, at the tentative new conversion price of 11 sens (wait for official announcement) one can either exchange 1xPA(8 sens) + 3 sens for 1xFintec or can exchange 11/8=1.375 PA for 1 Fintec share (instead of the current 2 PA for 1 Fintec). Rightfully the company should announce the new conversion price for both Fintec-PA and Fintec-WB on 24 November, the Ex-date for Fintec to the Right entitlement. 27/11/2020 10:54 AM
Chances are Fintec will do a share consolidation as no of share issued after RI will be quite large. Profit only on paper unless converted to cash. Be very careful.
Good news. Company's press release on 26/11 acknowledges awareness of the widening gap between its NAV and share value amounting to 10.78times. Fintec is now working to close gap between its NAV n share value.. hold on to your shares and the above step to raise share value to asset value will come to pass.
by next year feb...there will be a big bunch of loser and a big bunch of winner...The loser will accidentally passed their wealth to the winner out of ignorance. Now u pun for Fintec. Next year 1H, u will curse Fintec if you aren't careful.
paultan Good news. Company's press release on 26/11 acknowledges awareness of the widening gap between its NAV and share value amounting to 10.78times. Fintec is now working to close gap between its NAV n share value.. hold on to your shares and the above step to raise share value to asset value will come to pass.
next move is drive the price down to 1sen and do share consolidation 50:1. Price bounce from RM0.5 to RM3...Does that ring ANY bell? Really? No? Not at all? Really stupid la u guys.
HL bank also ptofit about 700m is realised profit as you all want, go and buy lah . very safe with $17 only FINTEC can get this price is BECAUSE THE PROFIT NOT YET REALISED , then you all want both? realised profit 720m with price $0.10 only buy .?????????
REMIND YOU ALL Fintec can get this price is because profit not yet realised! then why you all say profit not realised not safe ALAMA MA MA go to maybank pbb key in price 0.110 q up there and buy lah Q long long time until age 95 can get
with realised profit selling $17 not yet realised profit ,yes high risk but only selling 0.10 and you complain not yet realised? l think a bit too much!
Ya pineapple123, he sound like a sissy man, too bijak pandai ni... I just said in general, i dont even put on the que yet... maybe his averages are far from last few days. pstt, i even use word maybe, but he said "my read on you is good" wow, got mind reader, but why stuck here, too many counters out there that currently up non stop...
pineapple123 You sounded like a sissy man, else you are a girl girl. haha
RJ87 My read on you is good. U wanna sell. That's why I think OR is drop back to 0.5 sen bcos of people like you. U know what? if u r not careful, u gonna be trapped. I can't repeat this anymore. Operator Kangtao is also my kangtao. It's not by buying, but it's by selling.
azfar8 take the sell order off... 27/11/2020 11:10 AM
Apa salah if I speak the truth? Now I express my feeling that I'm reading you like reading kids storybook called pinnochio an his lies cannot is it?
I did point out that u were trying to sell. That why u r disappointed. Which you later admit you did. Bukan?
Only smart thing you doing here is trying to cover your stupidity. By pretending this, pretending that la. Nothing more. You are still a Pinnochio the liar at best. =D
azfar8 Initially, i think that it's this counter that will be shine, but however, look at the behaviour these past few days, especially just now, whenever 0.11 become buyer, and the quantity buyer put more than 10 million, but in a blink of eyes, all 10 mil was gone, looks like there are "somebody" trying not to move this share price easily, it's frustrating these kind of people exist in a good fundamental stock. I am thinking to just exit this company. 20/11/2020 6:08 PM
****************************************************************************** RJ87 Joke of the day..."good fundamental stock"…
Fintec is NEVER a good fundamental stock. It's a scam stock. It's just a matter of how to benefit from this scam. Now, i'm speculating they going to take our 160mil RI and closed their position in GPA. That's alot of money...which counter they are going to push next...U will hv better luck there.
Operators need to support the price. Queue 10mil to block the drop. Else, RI exercise will fail if there is not enough benefit for people to subscribe.
azfar8 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... 26/11/2020 9:28 AM
RJ87 You are disappointment bcos u plan to sell ur OR. You are trying to exit.
Me on the other hand very happy with the market. I'm waiting to buy at 0.5sen. So that I can collect more. My cost becomes 8.5sen 1mil share with 800K warrant. By end of Dec, I should be making next round of money.
If u have the knowledge, u will either not touch this counter at all or, know when to ride along and swim with the sharks.
**************************************************************************** azfar8 Dont write like you know me lah. I know what i am doing. I just express my feeling? I cant express my feeling? This is free forum right? FYI, my entry point not that low, even if i sell all now, i still have profit less the brokerage. ***************************************************************************** azfar8 take the sell order off... 27/11/2020 9:03 AM
All heavily operated counter got their hatched man...In ARBB, I called their scam. They give me death threat...Literally track me down, call me on my private number. They are serious.
Since I can't change them. I join them. Good for my pocket also.
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....
Edward Wong
140 posts
Posted by Edward Wong > 2020-11-27 11:53 | Report Abuse
p has no confident on it...thus prs donot move much....