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
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.
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.
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.
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.
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.
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%
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
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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
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
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?
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.
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.
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
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?
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.
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
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
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....
Stephen Baster
462 posts
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