Damn, the person behind the Citadel accounts really got no chill. Must be suffering real life confidence issues that he has to resort to cyber bullying lmao.
im sorry for u but this counter is a scam. u hold it or let it go. will cost u much more later. and what people said is true bleeding without any blood. u r bleeding inside but still holding. but now @bursamalaysia should take action and ban this counter
Awww, Citadel. It seems like you suffered from bullying back in your childhood, so you felt it is okay to bully people in distress. Awww, come here and let us hug you harh.
No power kot. NPRA take so long still cannot approve any of Kanger application. From Vaccine to test kit pun no outcome. Test kit ? There are so many brands out there in the market. But Kanger still cannot get NPRA approval ? Not supporting documents ? Kanger staff cannot be not knowing the requirement?
Announced EX Date Subject Ratio Offer 04 Jun 2021 18 Jun 2021 Rights Issue (warrant) 6.0000 : 1.0000 0.1000 25 May 2021 09 Jun 2021 Share Consolidation 1.0000 : 10.0000
After SC and RI with free warrant, price keep dropping until 0.02 - 0.025 And even Mr Universe absconded to assume a new identity
=============== The trend by operators now is Un-RSS to squeeze as much as possible from weak holders, to profit from the downtrend and still more or less maintain their shareholdings.
I find it difficult to understand why a loss making company at about 2c consolidated the shares. I can't help wondering if it was to give room for its price to go down further by another 18c.
for warrant kanger wb every one lose money liao - Kena PREQQ kao kao since before conso buy =0 , sell @ 0.5 sen...reference price after conso = 5 sen At least 30 % burnt liao...
KANGER - WB 4 CENTS is a discount 11 cent from its mother share.
Discount 11 cent is too toi cheap but people don't want to buy. That is a VERY VERY clear sign this is a CON CON COMPANY.
In a normal situation this KANGER-WB won't be like this. Ridiculous if 11 cent discount people like Major Shareholders still don't want to buy this share.
So, its true something is wrong with the all the major shareholders including the directors.
MZM blame everyone that not talk good about Kanger. Many heeded advice not to subscribe for RI with free warrant. But MZM and a few like P... 99, sha.... decided to subscribe.
Other subscribers already quiet admitting own mistake but this MZM still blame others for his massive losses.
@legend At least u nasi kosong still got sambal bilis. Haha a lot don’t even have nasi kosong now. Reasons why kanger comes to this terrible situations. Personal views. 1) announcement the bamboo business will be one of the biggest but now loss making and want to sell. 2) glove making but not jadi 3) vaccines - everybody jump in . Price shoot up . Now gone again. 4) test kits mentioned last November but no news now. 5) ri to buy condominium . What dealing behind the back ? 6) largest shareholders chinaman leng , wu and sung master boss throw their shares. Very bad impression to investors. 7) quarterly got revenue or not huge loss. What happened? 8) seem like want the share price go up using company announcements and news which does not materialize. Conclusion: the executive directors and management must really do real business to bring in profit to bring back investors confidence
Con or no con, I'm going to see if any improvement on Kanger's FA in the in coming QR result. Too tired already investing in the counter which is targeted by speculative spammers......
Currently, still holding the shares. Still holding for a long term view. TAYOR
.............
Kanger already in the process to dispose its bamboo business in the PRC and will focus on the new business activities in Malaysia..
SOME NOTES ABOUT THE DISPOSAL OF BAMBOO BUSINESS AND THE FUTURE PROSPECTS OF THE COMPANY.
1. Kanger Group's objective of streamlining its businesses to focus on construction segment, as well as to unlock the value and monetise Kanger's investment in Shenzhen Kanger group of companies, which is principally involved in trading of bamboo flooring, bamboo furniture and related products, that has been loss-making since FYE 31 March 2021.
# The company is proposing to dispose the unprofitable business.
## The Disposal Consideration would result in a pro forma gain of RM3.44 million to Kanger.
2. Earlier in June 2021, since the diversification of Kanger, the construction business has overtaken the bamboo manufacturing and trading segment as the main revenue contributor to the Group, as exhibited in its latest unaudited consolidated financial statements for the 6-month FPE 30 September 2021.
As part of its strategy to expand its construction segment, the Group had lined up several growth initiatives through organic and inorganic means with the long term objective of increasing its revenue contribution of its construction business going forward. In addition to its involvement in the project management of several construction projects (such as Antara @ Genting Highlands, Axon Bukit Bintang and The Hipster @ Taman Desa)
# The revenue tremendously increased with a dismal profit.
Revenue breakdown: 6-month FPE 30 September 2021. Revenue from manufacturing and trading of bamboo flooring and related products RM8,143,000. Revenue from construction works RM60,813,000. Total revenue RM68,956,000.
## The revenue will be sustained at least for several QR as the current order book value of the construction projects is of about RM1.0 bilion.
### Hope the profit margin from the constrution segment can uplift the profitability of the company.
3. The Group had also recently expanded its service offering within the construction segment through the acquisition of a 51% equity interest in Sung Master Holdings Sdn Bhd, which is principally involved in sales and trading of building materials.
# The acquisition of Sung Master will positively enhance our financial performance as Sung Master is a profitable company. For the full-year (ended June 30 2021), we expect Sung Master to deliver an estimated net profit and revenue of about RM20.0 million and RM115.0 million respectively," said Kanger executive director Steven Kuah Choon Ching said.
## Kanger said Sung Master had consistently delivered a profitable performance over the past three financial years (FY), from FY ended January 2018 up to the audited 17-month of FY ended June 2021 and the latest unaudited 10-month ended April 2021.
### The contribution from Sung Master not yet recorded in this QR report as the Sung Master acquisition completed only on 30 September 2021.The 2QR 2022 ended on 30 Sept 2021. The contribution from the Sung Master acquisition will be realised in the in coming 3QR 2022.
4. The Board of Directors of Kanger wishes to announce that Ganzhou Kanger Industrial Co. Ltd., a wholly-owned indirect subsidiary of the Group had on 29 September 2021 received a letter of intent from Huizhou ZhongNeng Construction Ecological Resources Technology Co., Ltd. for disposal of properties which include two commercial buildings and land located in Ganzhou City, China for approximately China Renminbi RMB400.0 million (equivalent to RM258.9 million).
# Based on an assumption that Ganzhou Kanger Industrial Co. Ltd is the owner of the said two commercial buildings and land located in Ganzhou City which under a disposal proposal, the disposal of the said assets probably will give Kanger several million Ringgit of profit to be recorded in its future related quarterly report.
Should be aware operators have large supply of shares and very likely they are doing unregulated short selling to push down the price to force weak holders to dispose their shares back to them for a profit.
@Jjptr. Tks for the directors salaries n benefits disclosure. Worst nightmare disclosed. All directors sleeping on their jobs with such high pay. Any ways to sack them ?
All the details of the remuneration of Directors as noted by JJPTR from Kanger Annual Report 2021 are on named basis for the FPE 2021. Means the annual pay for the directors, and not a monthly pay.
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....
Citadel666
535 posts
Posted by Citadel666 > 2022-02-10 10:33 | Report Abuse
rm 78000 now left rm 20000, soon will shrink to rm 10000