Next time is opportunity for voting, I am sure to make the right vote and ensure the continuity of business with good gobernance. Say no to crook, say no to capati.
I cut loss. Lost 50k for this stock. Really crazy company. With mafias coming in, I think later I will get total loss. Now go out I still can get back something at least.
Posted by redhotpepper > 29 minutes ago | Report Abuse
For the current financial quarter ended 31 December 2022, the Group recorded a lower revenue by approximately RM15.92 million, mainly attributed to the decrease in the revenue from the EDC segment by approximately RM4.79 million driven by the lower revenue from the sale of EDC terminals due to no sale of EDC terminals during the current financial quarter, lower rental income by approximately RM0.87 million arising from the downward revision on the rental rate per unit with the partner banks and lower income from the electronic transaction processing segment by approximately RM10.38 million due to the accrual and repayment of outstanding transaction settlement amounted to approximately RM9.19 million during the current financial quarter under review.
For the current financial quarter ended 31 December 2022, the Group recorded a LBT of RM14.77 million as compared to a LBT of RM2.47 million in the immediate preceding financial quarter ended 30 September 2022 mainly attributed to the lower revenue generated from the business activities which was unable to cover the Group’s fixed operating cost coupled with higher administrative expenses, finance costs and lower other income.
WHAT!!!!? No Sales of EDC terminal for current quarter? 3 months and didn't even sell a single unit? U kid me not. & downward revision on the rental rate per unit. Oh Dear!!!....profit is shrinking. It is only going to get more competitive and hence reduce in profit margin
What to expect, not even in the top 10 payment gateway provider co. I think even if duo manage to tussle away control of board also it can go down south very soon and not going to come up again in nearest future for a long long time. And some group have other intention in the co, Good luck to the co.
It is believed that EN was in a desperate move to dispose of all his shareholding in goodway co in order to finance his margin call in RGB. RGB's share price is expected to continue to be depressed further, more margin call for EN is expected as a result of which EN is expected to continue to offload his shareholding in RGB until his shareholding is minimal to be negligible to the extent that the duo would make a return to control with their substantial shareholding. However, the recalcitrant EN would not let the duo return to the Board easily, he is believed to collude with the Mafia Group by disposing of his shares to them cheap off market with the main agenda to block the return of the duo to office.
The tussle is not over and the turbulent is getting more and more intensified from now.
so basically Revenue group is a time bomb now, may explode and die any moment, or the opposite. so this is pure gambles now. win and you laugh, lose and you cry. think again and again guys before buying in.
Already making loss from overseas ecormerce claim. If like this, the more presence it has overseas, can it become more debt ???
Todei was shipping and paying with card, the machine seems to be from competitor. How to make breakthrough, I think I start to understand why duo wanted to divest. Too many player in market now.
The duo know very well that the E payment gateway market has been saturated. The duo planned to expand to overseas emerging markets like Eastern Asia but it was not materialised in the end.
Thats why the duo has proposed a new venture like property development and management for steady growth and income.
Pariah EN also hiding liao. Last time his fb day day show off what awards he is getting. Commen company of the year. Now the bros also taking opportunity to gasak more. Haha
If RGB keeps on making losses, its shares will continue to be depressed and its accumulated retained earning will be depleted to the extent that dividend can no longer be distributed due to insufficient reserve. Some thing positive need to be done fast and steady. Who can do it ?
Gathered from the way it goes, nothing positive is being done by the incumbent but some thing will be done by the Duo if only the duo legitimately take over control of BOD. Until then, the show of loggerhead is insidious day in and day out..................
Margin calls for EN is underway and he is expected to sell more of his shareholdings cheap off market again and again. EN is paying a very very high price for his loggerhead with the Duo...
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....
Income
12,307 posts
Posted by Income > 2023-03-10 07:54 | Report Abuse
I am being fooled…
https://www.facebook.com/reel/875375307078484?mibextid=0NULKw&fs=e&s=TIeQ9V