Sohai , please get your facts right on the feature of the PA before you post it ......that is what I am rebutting you on and not on the other twisted argument you have put forwARD NOW...
Cheers to others guys..
Relatively to what other opportunity fintec can offer...it is rubbish...*wink WC is going to make PA damm unattractive. I will foresee heavy dumping on PA la. It's 2 PA or 1PA + 8sen for one 13sen fintec share. I don't see much upside there. To get good upside, mother share needs to be above 16sen. U might as well ask what would OR, WC and Fintec returns? U know how to count or not?
u guys know why that sorzai say "excitement on PA will occur if Fintec hit 13cts or 14 cts"? PA 5sen + another 8sen = 13sen. Show only begins for PA after Fintec goes above 13sen. While for others...Sudah lama jalan liao loooooooo
actually kinda confused but i picked up anyway. 1 mother share giv 1 free OR share. Top up convert OR to mother share at RM0.080 per share. OR now 0.015-0.020 Mother 0.110. Based on this calculation at this moment I think its ok. Or am i wrong?
Guys, let move on except for "one with a pea size brain or maybe it is park elsewhere", who cant even get his facts right on the features of the PA... if u r smart enough, u will realise where u have failed in this PA issue ... BYE2...so hai....
Cheers...
u guys know why that sorzai say "excitement on PA will occur if Fintec hit 13cts or 14 cts"? PA 5sen + another 8sen = 13sen. Show only begins for PA after Fintec goes above 13sen. While for others...Sudah lama jalan liao loooooooo
U so clever...show mana salah? Until now, only thing u pandai is pussy pusing "by saying get ur facts right, get ur fact right" without substantiating where is wrong.
Maybe you are the one that didn't get ur facts right. At the moment, my argument that PA is rubbish if compared to OR > RI > Fintec MS stands. Begging by saying "Get ur facts right" isn't going to worm ur way out of ur stupidity. =D
I know u did ur calculation. It's just there is no calculation that u can show if Fintec is 20sen, PA is going to perform better than OR, RI, WC or MS at current price point.
If u so smart. SHOW LA. The only reason u pussy pusing is because u can't. Only thing that's improved here is, ur changed to play this "If you are smart" card.
OK la...I let u off. I tell u when u could be right. I agree. When all OR, RI, WC, and MS sudah jalan and overpriced but PA didn't move. Then, good price to collect PA at 5sen. =D
I'll be interested once they're able to realize the "profit" especially from Focus Dynamics. But for now only the bosses know what's behind the scene. All of us are just guessing. Cheers.
There is some changes to the features of the PA conversion post rights issue ....the conversion ratio is being adjusted. Please wait for the circular to be issued by the company for the final details......this is where I say one "sohai" get it wrong...
Cheers guys...
Yes, you can convert two PA for one Fintec share without extra cost, and the PA only expired in 2027....
Only so hai need circular to know the details. Tells alot about him isn't it?
See, until now. Not one single calculation that substantiate his claim until now. Pussy pusing pussy pusing pusing pusing... Nvm, circular out liao I see what u want pusing pusing next. I wait ur calculation k?
top glove was a good company before . but is a bad company now, harta also same. if you buy in now , may lose money when gloves demand drop! Fintec was a good compny before, if you bought in 6 month or one year ago , will make money as good as top glove. BUT fintec is a good company now also WHY??? if gloves demand drop and gloves production start mid 2021, you consider bad luck , price wont up to $2 but only up to 0.20only .you only make 100%. target to make 1000% to $2. RISK IS ALWAYS HAVE IN SHARE MARKET. your risk is target make 1000% drop to 100% READY BAD LUCK!
For an indicative new conversion price for Fintec-PA can refer to Fintec's circular to shareholders issued on 9 October. https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=203724&name=EA_DS_ATTACHMENTS. Go to page 58 and 59, most likely it will be adjusted from the current 16 sens to 11 sens. At 16 sens, conversion is 2xPA(2x8 sens) or 1xPA(8 sens)+8sens for 1xFintec. But at 11 sens it will be 1.375xPA(1.375x8 sens=11 sens) or 1xPA(8 sens)+3 sens for 1XFintec. AT Friday's closing price of 11 sens for Fintec, if new conversion price for PA to be announced soon is 11 sens, Fintec-PA (Base value at 8 sens) should be selling at (11 sens-3 sens) that is 8 sens and not the Friday closing price of 5 sens. Rightfully Fintec should announce the new conversion price for its PA (ICPS) and warrant B on 24 November when Fintec went Ex-Right. I have been collecting Fintec-PA at 5.5 sens since 24 November
It is advisable to sell Fintec at 11 sens or even at 10.5 sens and use the money to buy Fintec-PA at 5.5 sens. Hold tight and wait for announcement on new adjusted conversion price for Fintec-PA(ICPS).
For an indicative new conversion price for Fintec-PA can refer to Fintec's circular to shareholders issued on 9 October.
SOHAI ...!!!!!!! .....u want the number and workings and thanks to Chankyew50 to highlight the same ...however , the revised exercise price is not 11ct by appro. 13.8cts...
Guys and its important to get the right info rather that wrong info as posted by some "Naysayer"... thats made a lots of difference in your innvestment in shares...try not to invest through rumours or wrong info being spread around.....that when u can get "burnt"..
Cheers & good luck....
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id.... Go to page 58 and 59, most likely it will be adjusted from the current 16 sens to 11 sens. At 16 sens, conversion is 2xPA(2x8 sens) or 1xPA(8 sens)+8sens for 1xFintec. But at 11 sens it will be 1.375xPA(1.375x8 sens=11 sens) or 1xPA(8 sens)+3 sens for 1XFintec. AT Friday's closing price of 11 sens for Fintec, if new conversion price for PA to be announced soon is 11 sens, Fintec-PA (Base value at 8 sens) should be selling at (11 sens-3 sens) that is 8 sens and not the Friday closing price of 5 sens. Rightfully Fintec should announce the new conversion price for its PA (ICPS) and warrant B on 24 November when Fintec went Ex-Right. I have been collecting Fintec-PA at 5.5 sens since 24 November
Guys, for the benefits of the Fintec WB shareholders, the exercise price is expected to be revised from 15cts to appro. 12.5cts or thereabout, post rights issue plus others benefits........
Expected excitement on WB trading if fintec spike above 12.5cts...
I can't understand why investor buy Fintec-WB when Fintec-PA is available. For WB even if the new conversion price for both WB and PA is 12 sens, one need to take out 12 sens plus one WB to get one Fintec share. For example at this moment Fintec is 10.5 sens, WB is 4.5 sens, PA is 5.5 sens. To convert WB to Fintec the cost is (4.5+12)=16.5 sens. To convert PA to Fintec, since PA has a base value of 8 sens and is conversion is 12 sens, one needs to take out another 4 sens, so if the price of PA now is 5.5 sens, the cost of converting PA to Fintec is (5.5+4)=9.5 sens instead of 16.5 sens for WB. Please note that WB will be expired on 12/4/2022 and is out of many now when Fintec is at 10.5 sens whereas PA will expire only on 4/12/2027 and has a base value of 8 sens.
Fintec-PA is actually Fintec-ICPS, Fintec Irredeemable, convertible Preference Share that has a base value of 8 sens. In 2017 Fintec shareholders pay 8 sens to subscribe for 1 Fintec-ICPS (Fintec-PA original conversion 16 sens) with free WB(original conversion 15 sens)
From Fintec 2QR Deposit with Financial Institutions RM11M Cash & cash equivalent RM12M On 2 Dec Fintec paid RM28M to subscribe for Focus ICPS . I believed based on 2QR available cash if not for Fintec selling of GPA shares and the numerous ICPS conversion Fintec will be hard pressed to pay for Focus ICPS. Will definitely need the RI to pay for the diversification into rubber glove biz & working capital.
The easiest way for the price to go up is for Fintec to actualize Focus Dynamic profits and all employees can go holiday for the next one year. KPI achieved lol glove play leave it for next next year hahaha
You not 1st one talk here and won't be last? Change PM is fastest way to go up haha.
Posted by Stephen Baster > Dec 8, 2020 11:07 AM | Report Abuse The easiest way for the price to go up is for Fintec to actualize Focus Dynamic profits and all employees can go holiday for the next one year. KPI achieved lol glove play leave it for next next year hahaha
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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....
jlex11
536 posts
Posted by jlex11 > 2020-12-03 13:24 | Report Abuse
Sohai , please get your facts right on the feature of the PA before you post it ......that is what I am rebutting you on and not on the other twisted argument you have put forwARD NOW...
Cheers to others guys..
Relatively to what other opportunity fintec can offer...it is rubbish...*wink
WC is going to make PA damm unattractive. I will foresee heavy dumping on PA la.
It's 2 PA or 1PA + 8sen for one 13sen fintec share. I don't see much upside there. To get good upside, mother share needs to be above 16sen. U might as well ask what would OR, WC and Fintec returns? U know how to count or not?