He can also be selling 1 share and convert 2 shares of PA to mother share, increase his share holdings. By doing so, he is killing 2 birds with 1 stone, he gets more shares, the company gets more cash. PA later becomes illiquid, very hard to trade when volume is big.
KUALA LUMPUR (March 17): Bank Negara Malaysia (BNM) has announced an additional allocation of RM700 million for the SME Automation and Digitalisation Facility (ADF), bringing the facility’s total allocation to RM1 billion.
7181 ARBB ARB BERHAD Changes in Director's Interest (Section 219 of CA 2016) Particulars of Shareholder Name : LIEW KOK LEONG Date of Notice : 17/03/2021 Date: 16/03/2021 No of Shares: 17,000,000 Transaction Type: Conversion of Irredeemable Convertible Preference Shares ("ICPS") to Ordinary Shares
Liew is selling and buying (converting). Why no announcements to explain all these buying and selling?
BURSA should force him to give answers for the sake of transparency.
Director sell his share to other, I think he want to accumulate as much as of his share in Arbb. We don’t know who are the buyer, maybe his agent or relation, like this he can avoid to pressure excess his share N quarry by klse (ask for buy all other share in market) .a company which profit rm20m per quarter n lowest price is an golden egg .No pne will release it.so I think when pa becomes less n less, that mean his share in Arbb is more n more. And the same time price will higher n higher. This is my penny opinion.
yes, ARBB shall bounce to a higher level, going above 55. When? Not now lor. Wait for end May of the new QR, it may show a record breaking profit again, then you will see a new price surge. Buy the share and deposit into the cabinet to wait for price surge.
@Ifahjais, do you know his cost for ARBB PA ? no, you do not, he probably got it cheap. so, in theory, for late comers, buying the PA now to convert is a waste of time. But if he got it like...1 sen at issuance, by adding 19 sens to convert for a much higher liquidity mother shares, it makes sense...in theory, he does not make, but in all practicality, it does makes sense to him.
Understand the rules before you make wild accusations just because the price does not go your way. The director did report his transactions. The pattern is quite clear that he is selling mother shares, and he also convert his PA. If my cost of PA is 1 sen, and I have some mother shares, I will defiinitely sell the mother shares at 37 or 38 sens and use that money to convert the PA...1 mother shares sold can convert 2 of the PA...or pocket the difference with 1 to 1 conversion.
How can u compare fintec with arbb Fintec only got small revenue, their earning (profit) coming from value of their investment (buy stock) in focus dynamic, AT, Komark, vsolar and some more. Last quarter a lot of this counter being fried sky high thats why fintec look like high value company. Most of this stock fall this quarter, so fintec earning will become loss. Arbb have real business (Erp and IoT) and it the current and future trend.
Ask your broker (the company or the company's agent handling your account) who is the ARBB "Share registrar" or even simpler ask your broker to find out for you.
This kind of things they must disclose. Anybody ask they must disclose a list of the major shareholders of the company.
Another 31,498,000 new shares will be listed on 22 Mar. Huge cash has been generated from ICPs conversion. Waiting to see howARBB spend the cash... 19/03/2021 6:34 PM
luvmoney this share still can holding or not? i buy in 0.4 before ....so sad with it 19/03/2021 11:29 PM
No one knows. The naysayers will say better sell while the supporters of ARBB will tell you to stay put. You hv to decide yourself. Company fundamental is good. Lastly don't be sad but be patient.
holding power is important, if you have faith on its performance, keeps buying. just keep it there, you see the rewards. if you see it everyday, you feels bored..
SUPER QR in MAY be coming..if now no rise, wait till MAY End
Circumstances by reason of which change has occurred Conversion of Irredeemable Convertible Preference Shares ("ICPS") to Ordinary Shares. Nature of interest Direct and Indirect Interest Direct (units) 51,552,165 Direct (%) 8.846 Indirect/deemed interest (units) 18,569,700 Indirect/deemed interest (%) 3.186 Total no of securities after change 70,121,865 Date of notice 19 Mar 2021 Date notice received by Listed Issuer 19 Mar 2021
Liew increased his holdings by converting PA
Hero.
Increased his share holdings and increased company's cash position.
Liew could be mopping up the shares to drivie the share price up. Remember he sold DBT to an unknown party. He's ropng in his friends to drive up the share price.
When nobody paying attention suddenly the share price shoots up and everybody rushes in for a piece of the action.
So easy to do it if you are the big boss. Just make sure, with a little creative accounting, the next few quarterly reports are sterling.
Then when the whole market goes crazy and start buying like nobody's business... take profits and report poor performance and after the counter crash... buy in again.
Easy peezy
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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....
goodiewilly
2,903 posts
Posted by goodiewilly > 2021-03-17 20:12 | Report Abuse
Hahaha ..his GFs, mistresses, wives, or partners, so called, need moneys.
Arbb got at least RM50 million Free Cash by now....its time for a wise use