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""There is a reason why some individuals control listed companies through cross holding structures. It reduces the holding cost. For instance, when Fintec Global buys a stake in another listed company, it forks out the money. But the major shareholders of Fintec Global control the new listed company indirectly.
Thirdly, one must look out for companies raising money through share placements, especially if the proceeds are to be used as working capital or to repay loans. The smaller the amount raised through a placement, the higher the scrutiny it warrants.
It is normal for companies to issue new shares to raise money to fund an acquisition.
The better managed companies have their substantial shareholders taking up some of the new shares as a show of commitment.
However, if the bulk goes towards working capital, there is no end to the company issuing more shares in future. Also nobody really knows what the working capital is used for.
Sometimes, it can also be used to buy shares in other companies or support the share price.
Also, if the bulk is used to repay loans, there is also a possibility of the company taking up more loans again. So, why risk taking up a stake in such companies?""
in short scam company, buy if you want but don't cry later :)
Teck Teng Tan pls be clear of what type of profit they make. the company makes profit by investing in other loss making companies. this company is purely about speculation. no value or whatsover in this company
What about topglove then? Supernormal profits but why share price drops? No sense at all. Market sentiment weighs the share price heavily in the short term. But long term the fair value will find it’s own equilibrium so get your facts right
Fintec announce glove venture when glove sentiment is not good. If fintec announced earlier it might just get the same response as mahsing at and others. I’m not saying this can go 20-30 sens. I’m just saying it’s quite cheap from it’s market cap. How cheap you want? Dollar cost average every half cents drop and you’ll score the bottom then just wait. Idk you , maybe you have other strategies trading your stocks
Last quarter of topglove was it’s biggest profit to date. Still no major breakthrough. Why you keep saying good profits should go up? Many compnies have low pe and is undervalued. Share price don’t go up in a day or in a straight line. Don’t expect every good qr is a sure case for share price to go up. If you know there’s good profit and it’s cheap then isn’t it a buy signal? I know some profits are just from revaluation of their share price so that’s why I don’t think it’s worth 20+-30 sen short term until new business venture starts running or some holdings are sold.
no big profit breakthrough because of earlier raise already. if huge profit made didnt follow by the raise in shares, better buy toto and magnum. for long te rm investment, we all invest on company that can make profit as easy as that. when it is not the case, sure ppl will ask. do u think fintec case is nornal. like certain airlines , monoply can make loss and delisted
