Even realised profit in shares market also tax free no matter how much Billion S profit also tax free. because you already pay tax for each transation.
Fintec $720M profit is only paper profit. If Fintec were to try to realise these profit by actually selling, the share price will definitely fall as it is akin to forced selling. Are there so many buyers willing to buy those shares knowing it is Fintec unloading? I feel that the share prices of many of the companies that Fintec are holding are being artificially prop up. Do not be misled by the so called spectacular QR results
In April 2017 ABTB (Fintec) 1.1B shares already proposed share consolidation. Now after RI Fintec issued shares even larger than 2017. Am sure eventually will announce share consolidation. In 2017 after share consolidated & RI share price dropped to $0.02 in March this year History may repeat Just be very, very careful Don’t be too caught up by all the excitement
Hopefully now different. If I remember correctly after the RI & Share consolidation from 2017 Fintec never really recover until now. In January this year before Covid Fintec was trading at $0.045'$0.05. Current prices being pushed up because oI RI. If prices dropped again after RI as in 2017 then must wait for again 2-3 years for another RI for prices to go up again??
Guys , there are so many naysayers , critics or " analyst' here stating their views on fintec , some of which is beyond logic..... they have their rights and views but it must make sense in what they post ... no one can stop them ....
If you are an investors particulary in fintec, it best that u decide what is good for u especially on whether to subscribe for the OR ..
Please note that the cost to subscribe for the OR is only 8cts and n the event fintec share is above 8cts when the right is listed , your are in the $... made your choice wisely...
The OR- W , that come with the right, in my opinion will be valued for at least 2 cts, taking into consideration the pricing of W in the KLSE as a whole and the pricing of Finttec WA & WB, whereby the exercise price is way above the price of the mother shares... the exercise price of WA is 30 cts & WB is 15cts pre-rights issue , please note...
Guys, currently fintec shares is 10.5 cts and the price of the Warrant is as follows :
a. WA, with an exercise price of 30cts pre rights issue , is traded at appro. 4 cts ...NOte : out of money & with a huge premium over the exercise price...
b. WB , with an exercise price of 15cts pre rights issue, is traded at appro 4 cts....Note : out of money and with a huge premium too .
c. WC, the warrant to be issued with the rights issue and the exercise price is 8cts ... based on a & b above, how much do you think the Warrant C will be traded on listing ... made your own analytical and logical assessment ...
So , do your own conclusion on whether it is a good decision to subscribe to the Rights Issue at 8cts...
Cheers and good luck and hope those "logical" investor will made some profit....
Hi jlex11 - do you or any one have any clue what will be the exercise price for this coming WC ? If the exercise price is going to be within the range of WA and WB; then probably WC will be traded at about 4 sen too. Thanks
Mr oldie99, pls be informed maximum RI of 1.971 billions shares not yet subscribe, OR buying selling still going on, expected additional listing of 1.971 billions RI is in the month of December...
For the newbies, If you feel there is a lot of risk and are influenced by the naysayers. Best way is to sell the mother now. Even if you sell it for 0.10, please use the raised funds and subscribe and pay 0.08 The WC minimum would be worth at least 0.015/0.02 assuming Fintec mother is below 0.10 in December when all the subscribed rights share float Don’t lose this opportunity to make easy money
You are right JackMa133. As I have said earlier after the shares consolidation and RI in 2017 Fintec went all the way down until now and up again whether it is just to lure the shareholders to subscribe for the RI before another impending share consolidation (sure to come) and back in the doldrums again. Only time will tell. Everybody have to be extra vigilant and think carefully your next move. Hopefully history will not repeat and we do not get caught again
Invest 123 , that the right move..decidee it for yourself...
Edwardong53, the exercise price of WC that comes with the rights is 8cts ...u decide on what you think is the expected pricing on listing...figure it out yourself ...read my comment and I have give my view on possible pricing of the OR as well as the pricing for the WC....
Cheers and keep quiet and made Money on this counters and let the naysayer shout and say whatever they want ....ultimately ,, we know who is the loser...at the end...
Posted by Invest123 > Nov 28, 2020 2:47 PM | Report Abuse I prefer to keep quiet and make money quietly.
A question here, if the announcement stated disposed of xx mil of shares on 27 Nov, does it mean that all the shares was disposed on that day alone ? Or cumulated in few days ?
Guys , this is absolutely incorrect ..get your facts right b4 you post it ,,,,,, verfiy the info yourself for genuine investors...
If you are unable to get the facts right , please do not mislead the uninformed investors
Cheers...
OSK choon post: Once after RI completion, Fintec will have 5 billions shares and AT least 4.5 billions shares are floating in the open market, in June 2017, Fintec has done the consolidation of shares 3 into 1, I am afraid another shares consolidation will be 5 into 1 or 10 into 1,this is terrible..
Another poser for consideration. When RI is eventually listed since there will be so many Fintec shares in the market is there a possibility that it may even drop to below RI price resulting in a lose lose scenario for everyone?
hamsterhuat, the formula is quite complicated if u r not familiar with the pricing structure :
Scenario: FINTEC
Assume closing price before ex-date = RM0.10 Rights share issue price = RM0.08 Right issue ratio = 5:5 Exercise price of warrants = RM0.08 Free warrants ratio = 4:5
Calculation = [(closing price before ex-date x 1.0) + (issue price of rights shares x rights issue ratio) + (exercise price of warrants x free warrants ratio)] / (1.0 + rights issue ratio + free warrants ratio) =[(RM0.10*1.0)+(RM0.08*5/5)+(RM0.08*4/5)] / (1+1+4/5) = (RM0.10+RM0.08+RM0.064)/2.8 =RM0.244/2.8 =RM0.08714 Roundup would be RM0.085
Sell mother if got profit. Wait until last few days of RI dateline before submitting your RI application Watch carefully mother price movement before you decide. Remember RI is 1.9B which is a lot. Good Luck everyone
guys ,the expected rights shares to be issued is only appro 1.4 billion n not 1.9 billion shares...the cash per share after the rights issue is appro 4cts per shares apart from the appro Rs1.0 billion shares portfolio that fintec has...analyse it yourself to consider your option moving forward...
Teng Liet Jye 最新报告惊喜非Fintec莫属。很多人觉得公司赚700M是很好的一间公司。可是赚那么多钱干嘛还会找股东要钱?公司不可以卖掉一些投资吗?就好像你跟朋友说你在股市赚了700M可是我可以跟你借钱吗?你朋友会说什么呢。
Addy Khong 很多人说fintec是大马版的伯克希尔,我不这么认为 因为巴菲特是通过投资公司成长带给股东利益,而这个很明显是做9股东 · Reply · Share · 1d Cb King Addy Khong 不是大马版的伯克希尔,而是大马版的亚马逊。买就对了。 · Reply · Share · 21h Sirfoon NG BUT I STILL INVEST FEW LOT TO KEEP AS JACKPOT HOPE MY DREAMS COME TRUE · Reply · Share · 1d
Sirfoon NG You are a money master putting your money at risk ! · Reply · Share · 22h Zen MT 全马最专业的韭菜收割厂 · Reply · Share · 1d
How Hin Ting Zen MT 给你发现了。 · Reply · Share · 15h Zen MT How Hin Ting 每家企业一定有它厉害之处、不然肯定ipo不了 · Reply · Share · 7h
WS Chong 我们应该给他们credit.毕竟不是每个人可以做到 · Reply · Share · 1d Thomas Leu FIntec 不会是大马克希尔哈撒韦。 · Reply · Share · 1d Thomas Leu 现金流 670千 短期贷款 2千896万 current liabilities 4千507万 没业务只是搞金融!投资公司几乎都是亏钱公司根本给不了fintec 股息,只是unrealized profit 9亿2千500万 从哪里来? Focus Dynamic 一间公司股票贡献。 · Reply · Share · 1d Thomas Leu 主要大股东 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%
Well, I did the subscription for KGroup recently. Sitting on handsome profits. Yes there will be some selling pressure initially due to weaker holders moving on to other companies
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Posted by 5354_ > 2020-11-28 05:49 | Report Abuse
Taihai why tax is important to you? Not smart company try to avoid paying tax? How about in Fintec case profit still not realised why must pay tax?