poor result is expected during Covid19 period, look at VS ind even big loss but at the end the share price is up instead of down. Hope Protasco same like VS ind.
It took many years to catch and charge Supermax MD for insider trading. CKP took cash from Protasco is so obvious, the illgotten money os matter of time CKP and son wll be behind bar. Before their times up, CKP sure will goreng saham. Siphone so much cash from Protasco paying himself, CKP caused the RM600million liabilities booked in Protasco, a classic gone case. Q report shows another big increase in bank borrowing. Mean siphone cash like no tomorrow. External minority took all profit and left with negative P&L to PLC shareholders is so bizarre, only CKP knows the answer. Some new shareholder goreng shares is the only excuse to pump and dump the shares.
Protasco Chong Ket Pen 30 June, 2020 Q report: Profit/(Loss) after taxation attributable to:
Owners of the Company (means "you" if you have Protasco shares) - RM1.735 mil.
Non-controlling Interests RM2.792 mil.
Meaning Chong Ket Pen cause Protasco Bhd to "take your money" at the "loss" of Protasco Bhd, to pay outsider (Chong Ket Pen nominee) as a "profit".
That is on top of Chong Ket Pen and Sons fat salaries and fake dividend over year 2014-2020 in "hundred million Ringgit".
Also means Chong Ket Pen siphone cash to pay outside, tp cause outside gain and you loose, for every JKR profit margin made. Remember Protasco is taking crony money from JKR road maintenance work, so if you are not Protasco Bhd shareholder but a Malaysian, the funny money siphoning is also "your money".
Bursa and SC, maybe MACC should confiscate and put this old money looting crock behind bar.
EPF and other smart investors saw this, trash share price ahead of PN17 and close shop.
Before PN17 and close shop, Chong Ket Pen pakat syndicate goreng Protasco share. Break 35 maybe 50 also no problem, pity victim investors ends up holding rubbish stock.
See the syndicate blind promoters above? They also illegal promote and goreng Hiap Teck. The action of "promoting" itself is misleading and manipulation. They pump and promote trap greedy new investors to pick up the dump. Old tricks, only new channel - FB.
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....
Fellowship of the ring
433 posts
Posted by Fellowship of the ring > 2020-06-24 17:08 | Report Abuse
At least 0.35 i hope. My cost low i can wait . Those that bought higher can take profit first. Might come down first tn only gap up