FINTEC GLOBAL BERHAD

KLSE (MYR): FINTEC (0150)

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Last Price

0.17

Today's Change

0.00 (0.00%)

Day's Change

0.17 - 0.17

Trading Volume

7,900


16 people like this.

27,918 comment(s). Last comment by M55555 5 days ago

Posted by Stephen Baster > 2020-12-09 15:11 | Report Abuse

jangan gaduh. eh sorry continue gaduh. cause last time you two gaduh gaduh suddenly price up HAHAHAHAHA

jaynetan

1,493 posts

Posted by jaynetan > 2020-12-09 15:29 | Report Abuse

if fintec 11 sen, then pa shld fetch at least 7.5 sen.
regardless the negative remarks or comments,if I think glove counters sustaibable , or if thinking AT is what many chasing after , then fintec pa I prefer

jlex11

536 posts

Posted by jlex11 > 2020-12-09 15:57 | Report Abuse

RJ87 , since u request I shall help to clarify...

a. The new Exercise Price for the PA is not 11 cts as posted by Chankyew50....please dont get the wrong info...The estimted revised exercise price is appro 13.8cts.

b. The revised WB exercise price is not 10 cts as posted by Chankyew ...it is incorrect ...it is appro 12.5cts...

Cheers & good luck ... celebrate with your love one for Xmas from those who have faith in fintec profit.....and Ni Hsin too,,,


U know, I really got no mood to be serious already.

DUDE! initial conversion price is how much? Itu pon salah already. Dammm...
U wanna be salah how many level? Feels like i'm schooling some newbie that just open CDS account.

jlex! faster help this guy check his facts la.

Posted by Stephen Baster > 2020-12-09 16:19 | Report Abuse

Why lar susah susah count here there. Mother not expensive also want sleep soundly just buy mother lor.

Posted by Stephen Baster > 2020-12-09 16:38 | Report Abuse

looks like tipu game again today. long term it is!

Posted by chankyew50 > 2020-12-09 16:40 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=205032&name=EA_DS_ATTACHMENTS Circular for PA released during lunch time. New conversion price at 11 sens. Confirmed.

jlex11

536 posts

Posted by jlex11 > 2020-12-09 16:54 | Report Abuse

Sorry guys , I made the wrong computation.

Cheers anyway...

Posted by chankyew50 > 2020-12-09 17:05 | Report Abuse

Today closing, Fintec 11 sens, PA 6.5 sens, WB 5 sens
Directly buy Fintec = 11 sens
Buy WB (that has no base value) and convert =5+10=15 sens
Buy PA (an irredeemable convertible stock that has a base value of 8 sens) and convert =6.5+3=9.5 sens.
Why +3 only ? Because PA has a value of 8 sens, so 11-8=3,
In 2017 you have to pay 8 sens to subscribe for 1 PA, as sweetener WB was given free.

RJ87

5,134 posts

Posted by RJ87 > 2020-12-09 17:08 | Report Abuse

ini bursa de casino, u sure ride on glove is gonna be good?

U got see 2.4B record profit comes with 3.5% drop. U sure u wanna be related to glove?

Posted by chankyew50 > 2020-12-09 17:14 | Report Abuse

In case some don't understand the 11-8=3. This 11 is referred to the new conversion price 11 sens and not the closing price of 11 for Fintec. 11-8= new conversion price 11 sen-PA base value 8 sen = need to pay only the difference and that is 3 sens.
Still do not understand, sorry I cannot help any more.

Posted by chankyew50 > 2020-12-09 17:27 | Report Abuse

You can also exchange 1.375xPA for 1xFintec. Why 1.375? Simple, just divide the new conversion price by the base value of PA = 11/8=1.375.

RJ87

5,134 posts

Posted by RJ87 > 2020-12-09 17:39 | Report Abuse

U think u can song song, choose how many sen you like to pay to convert 1 PA is it?
It's not market not efficient. it's more like people like you don't know how to count.

Initial conversion price is 16sen. Either 2 X PA = 16sen or 1 PA + 8sen CASH = 16sen for 1 Fintec share.

Now that you adjust 16 sen to 11 sen. Making 2 X PA = 11sen or 1PA + 5.5sen CASH = 11sen.

So if in future Fintec share trades at 14.5sen, PA should trade at (14.5sen - 5.5sen) at 9sen. 9sen/6sen investment gives handsome 50% return. But if really Fintec Trades at 14.5sen and u exercise ur RI at 8sen. 14.5sen/8sen gives and even more handsome 81.25% alone not counting profit from WC.

Do I hv to spell this out to u jlex when I say PA is rubbish if compared to Mother share for RI, OR for RI that time? But you could be right where the return from PA will surpass return from RI, only when Fintec trades above 30sen. But PA return can never beat return from RI+free WC combined.

RJ87

5,134 posts

Posted by RJ87 > 2020-12-09 17:44 | Report Abuse

But if u don't hv RI, then it's better to buy PA than mother share.

But if nobody buys mothershare...Nobody moves. That's the problem....

Trololololol....So, we tan gugu la.

jlex11

536 posts

Posted by jlex11 > 2020-12-09 17:53 | Report Abuse

RJ87, u r he GOD of BURSA..what u say is all correct...

Cheers...

RJ87

5,134 posts

Posted by RJ87 > 2020-12-09 18:18 | Report Abuse

Lai lai, those with PA go try convert ur PA with equation below with ur broker. I think ur broker going to say "U think this is Bursa de chankyew50 is it? Bursa Malaysia got no such thing le". For the sake of completeness, go convert ur PA as suggested by chankyew50 and see if u made a fool out of urself.

"chankyew50 You can also exchange 1.375xPA for 1xFintec. Why 1.375? Simple, just divide the new conversion price by the base value of PA = 11/8=1.375." Can you explain why u divide the new conversion price 11sen with PA base value 8sen? This why Malaysians score poorly on mathematics. They plug n play which ever way they like.

Don't you dare say this came out from pg 59. This came out from your @ss i think.

charlie chia

2,151 posts

Posted by charlie chia > 2020-12-09 20:30 | Report Abuse

Need to clarify with Tricor for further understanding in order to avoid any mistakes
Understand warrant A & B with reduction of exercise price and also come with extra issue of share amounting to 29%

FutureGains

10,709 posts

Posted by FutureGains > 2020-12-09 20:34 | Report Abuse

Normally can play 1c . profit RM8500 EACH

gghaha

1,639 posts

Posted by gghaha > 2020-12-09 21:32 | Report Abuse

All buy mother to let it fly so that less headache ....:)

jaynetan

1,493 posts

Posted by jaynetan > 2020-12-09 22:06 | Report Abuse

Chankyew50
You r right

Jolly

130 posts

Posted by Jolly > 2020-12-09 23:25 | Report Abuse

All should buy mother share if not cannot move .

Posted by Edwardong53 > 2020-12-09 23:33 | Report Abuse

jlex11 - has Fintec already bought and paid for the land in Chemor, Perak for their glove manufacturing business? and when will the factory be ready for production? Hope you don't mind sharing these info with me

Up_again

949 posts

Posted by Up_again > 2020-12-10 00:06 | Report Abuse

Well they spend Rm 28 mil for Focus ICPS with free warrants D and currently it’s worth about Rm 75 mil in less than a week

NPRA1985

3,415 posts

Posted by NPRA1985 > 2020-12-10 01:40 | Report Abuse

United Arab Emirates Claims China’s Sinopharm Vaccine Is 100% Effective At Preventing Moderate And Severe Covid-19

TOPLINE The experimental vaccine developed by China National Pharmaceutical Group, also known as Sinopharm, is 86% effective at preventing Covid-19 infection and 100% effective at preventing severe and moderate disease, health officials from the United Arab Emirates announced Wednesday, although with scarce detail provided about the trial.

The UAE health ministry cited an interim analysis of a late-stage clinical trial involving 31,000 volunteers as the source of its information, though neither they nor Sinopharm provided any data from the trial to validate the claims such as how many participants were infected or how many actually received the vaccine.

The ministry said “no serious safety concerns” were observed, though, again, no information on side effects was provided.

The ministry said the announcement is a “significant vote of confidence by the UAE’s health authorities in the safety and efficacy of this vaccine.”

The ministry added that it had officially registered the vaccine at the request of the manufacturer, which it says could eventually lead to the shot’s widespread authorization.

https://www.forbes.com/sites/roberthart/2020/12/09/united-arab-emirates-claims-chinas-sinopharm-vaccine-is-100-effective-at-preventing-moderate-and-severe-covid-19/?sh=2a60fb42595c

newbie2018

173 posts

Posted by newbie2018 > 2020-12-10 09:53 | Report Abuse

chankyew50 nice to meet you. If true as you said why nobody convert PA lately to make $? They can start to convert after RI entitlement date am I right?

chankyew50 Today closing, Fintec 11 sens, PA 6.5 sens, WB 5 sens
Directly buy Fintec = 11 sens
Buy WB (that has no base value) and convert =5+10=15 sens
Buy PA (an irredeemable convertible stock that has a base value of 8 sens) and convert =6.5+3=9.5 sens.
Why +3 only ? Because PA has a value of 8 sens, so 11-8=3,
In 2017 you have to pay 8 sens to subscribe for 1 PA, as sweetener WB was given free.
09/12/2020 5:05 PM

chankyew50 In case some don't understand the 11-8=3. This 11 is referred to the new conversion price 11 sens and not the closing price of 11 for Fintec. 11-8= new conversion price 11 sen-PA base value 8 sen = need to pay only the difference and that is 3 sens.
Still do not understand, sorry I cannot help any more.
09/12/2020 5:14 PM

chankyew50 You can also exchange 1.375xPA for 1xFintec. Why 1.375? Simple, just divide the new conversion price by the base value of PA = 11/8=1.375.
09/12/2020 5:27 PM

newbie2018

173 posts

Posted by newbie2018 > 2020-12-10 09:59 | Report Abuse

Why not chan you 1st people to convert PA? Buy at 6.5 sen+3 sen=9.5 sen. After convert sell for straight gain?

jaynetan

1,493 posts

Posted by jaynetan > 2020-12-10 11:35 | Report Abuse

chankyew50 is right

Posted by SweetHoney > 2020-12-10 11:37 | Report Abuse

Hello, young lady here wanna learn from the tough abang2 and sifu2 here yeah :-)

RJ87

5,134 posts

Posted by RJ87 > 2020-12-10 11:48 | Report Abuse

I think you better call ur remiser if u can do that...U guys also, just call ur remiser and try to exercise 1PA and see. =D

Cos mine just told me...u think ur father own bursa malaysia is it?

If u don't mine, please share ur remiser number/broker house. U no balls to call. I call.
If i'm wrong and my remiser is wrong, I might miss out opportunity here. Don't beat around the bush.

jaynetan Chankyew50
You r right
09/12/2020 10:06 PM

RJ87

5,134 posts

Posted by RJ87 > 2020-12-10 11:55 | Report Abuse

Given 14 days later when 1 fintec share price is still above 9.5sen la. And Chankyew50 remiser don't tell him "u think ur father open bursa malaysia is it?" =D

newbie2018 Why not chan you 1st people to convert PA? Buy at 6.5 sen+3 sen=9.5 sen. After convert sell for straight gain?

kkl123

1,503 posts

Posted by kkl123 > 2020-12-10 11:57 | Report Abuse

FOCUS AT share price moving up up
next qr close on end dec.
willbe more than last qr 720 m
but people dont like casino profit
they like hugeREV and realised profit and share price must cheap 0.1
PBB $20 they say too expansive.

RJ87

5,134 posts

Posted by RJ87 > 2020-12-10 12:20 | Report Abuse

kkl123, how u come to this number more than 720m?

last QR profit add into this QR profit? Which accounting firm u come from?

Sigh...fintec ar fintec. Fast put 100mil into fintec balance as realised profit with 50mil dividend. Terus 30sen. But u die die also wanna do RI and take money from investor. If u wanna scam ppl also, give them something to believe mar.

Now everyday take money from investor, and give nothing back. Those subscribe first RI 20, lose money. 2nd RI, 14sen. Also lose money. Now, 3rd RI at 12sen, sigh....where got confidence liao?
Fast fast park 100mil back into account and give dividend. Do this one time only enough.

But not now la...after 28th Dec...sure bounce above 30sen. Else, do share consolidation also good. 5:1 enough. Can trap anchovies. And force them buy back at RM1.50. I sell to them at RM1.50. U can sell to them at RM2 and maybe like GETS, can goreng until RM3-4. NAV to Price still wide gap. of RM4.5 and 1.5. 3 times is better than 9 times now. GETS can do it, Fintec can do better. RIght? Lai lai lai. Listen to me...Do this one time. One time enough.

bjgdila123

3,470 posts

Posted by bjgdila123 > 2020-12-10 12:30 | Report Abuse

once u buy u kena trap, u can try

Posted by Elitetrader > 2020-12-10 14:49 | Report Abuse

Trying now.

Posted by Elitetrader > 2020-12-10 14:50 | Report Abuse

Buying a lot.

Posted by Elitetrader > 2020-12-10 15:08 | Report Abuse

Do not follow me. I am a contrarian.

newbie4444

1,264 posts

Posted by newbie4444 > 2020-12-10 15:25 | Report Abuse

RJ87 does your remiser said 2 PA convert to 1 mother still stand?

RJ87 I think you better call ur remiser if u can do that...U guys also, just call ur remiser and try to exercise 1PA and see. =D

Cos mine just told me...u think ur father own bursa malaysia is it?

If u don't mine, please share ur remiser number/broker house. U no balls to call. I call.
If i'm wrong and my remiser is wrong, I might miss out opportunity here. Don't beat around the bush.

jaynetan Chankyew50
You r right
09/12/2020 10:06 PM
10/12/2020 11:48 AM

newbie4444

1,264 posts

Posted by newbie4444 > 2020-12-10 15:26 | Report Abuse

Conversion 11 sen(option 2) only worthwhile if Fintec big jump eg to 20 sen?

jaynetan

1,493 posts

Posted by jaynetan > 2020-12-10 16:05 | Report Abuse

lets see

jaynetan

1,493 posts

Posted by jaynetan > 2020-12-10 16:17 | Report Abuse

1 fintec pa + 3 sen = 1 fintec

RJ87

5,134 posts

Posted by RJ87 > 2020-12-10 16:34 | Report Abuse

This one confirm stand 2 X PA = 11sen. Now that u guys missed the RI.

Here's how newly adjusted price benefits you. last time was 1PA + 8sen cash for 1 fintec shares.

That time Fintec 14sen, PA is 6sen. Fintec up 2sen to 16sen. PA becomes 8 sen. 33% return on PA while mother only return 14%.

They change the conversion price to 11sen. Meaning 1PA + 5.5sen =11sen. (U must be asking, where the hell do I get 5.5 sen. 2 PA for 1 Fintec share will applies. Meaning 2 PA 5.5 = 1 Fintec conversion price at 11sen. This rule still applies. It's written there.)

if Fintec 11sen, PA should be 5.5sen. if Fintec up to 13 sen. PA should be 7.5 sen. The return becomes 45sen if compared to 33% in earlier example.

Now, the question is who is going to pump mother up gao gao lat so that PA, WC, RI can benefit. =D

newbie4444 RJ87 does your remiser said 2 PA convert to 1 mother still stand?

RJ87

5,134 posts

Posted by RJ87 > 2020-12-10 16:36 | Report Abuse

My remiser ur father don't own Bursa Malaysia. You remisier say ur father own bursa malaysia is it? If it is, u help me convert my PA at that price. Thank you.

jaynetan 1 fintec pa + 3 sen = 1 fintec

bjgdila123

3,470 posts

Posted by bjgdila123 > 2020-12-10 16:37 | Report Abuse

untung 750M share price 0.105 Funny Funny co

jaynetan

1,493 posts

Posted by jaynetan > 2020-12-10 16:59 | Report Abuse

I repeat
1 fintec pa + 3 sen = 1 fintec

RJ87

5,134 posts

Posted by RJ87 > 2020-12-10 17:03 | Report Abuse

Initial ICPS listing was based on conversion price of 16sen. The adjusted conversion now is 11sen.

1) 2 X PA (8sen) = 16sen
or
2) 1 X PA (8sen) + 8sen cash = 16sen.

Last time, u need to top up 8sen to convert 1 PA to 1 Fintec.
Now conversion price adjusted to 11sen from 16sen. Meaning

1) 2 X PA (5.5sen) = 11sen
or
2) 1 PA (5.5sen) + 5.5sen cash = 11sen.

I have 2 problems with Chankyew50 exercise
1) 1.375 X 1PA (8sen) = 11sen instead of original conversion method 2 X PA (5.5sen) = 11sen,
or
2) 1 X PA (8sen) + 3sen cash = 11sen instead of original conversion method 1 PA (5.5sen) + 5.5sen = 11sen.

Now that conversion price determines the base value of PA. My conversion method is consistent with the adjusted conversion price. How the hell this guy have adjusted conversion price without adjusting the PA base value? I guess just because he likes it looooo. This is where I say Chankyew50 deCasino.

okla, for those that already buy in...die die also wanna believe whatever suits u can go ahead. U might as well believe 1PA = 1 Fintec. Great discount now. Go buy. =D

RJ87

5,134 posts

Posted by RJ87 > 2020-12-10 17:04 | Report Abuse

ur broker house and remiser contact please. Thanks.

jaynetan I repeat
1 fintec pa + 3 sen = 1 fintec

RJ87

5,134 posts

Posted by RJ87 > 2020-12-10 17:17 | Report Abuse

sorry for spoiling traps set by jaynetan and Chankyew50.

I shall rest my case.

jaynetan

1,493 posts

Posted by jaynetan > 2020-12-10 17:23 | Report Abuse

there 2 types of remisiers/dealers
1. professional, keep on learning and always update and upgrade themselves
2. just act as middle man/woman , just know to buy and sell on directive from clients, never be bother to update themselves, telling clients to buy or sell on tips, never ask or provide clients basic knowledge on stocks

jaynetan

1,493 posts

Posted by jaynetan > 2020-12-10 17:39 | Report Abuse

I might not be always right.
it is our duty to counter check to verify no matter what others said.

but if I were to make a mistake in this case, I shall retract my statement and apologize.

I gain nothing whatever types of trapes you are experiencing.
some people just enjoy trapping others and at the end, trapped themsewlves

RJ87

5,134 posts

Posted by RJ87 > 2020-12-10 17:39 | Report Abuse

That's why i'm potential client. I wanna learn how to do magic. Ur broker house and contact please

I wanna pass him some business. Just tell me which bank and branch will do. I think I can the right guy relatively easy.

Don't tell me that also cannot ya. It shows how full of shit you are. =D

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