chin lua

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Joined May 2017

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Currently, only Focus's F&B businesses can provide the sharks' reliable, healthy profits. Other shark companies like AT, Fintec, Gocean, etc. invested too much in the glove business with dwindling selling prices as the pandemic is starting to ease globally.
1 day · translate
The "black-gold" is worth less than white-gold for the sharks:-) E.g., the sharks spent about RM27M black-gold for the 25% WD. They had no hesitation to waste up to RM19M just to keep WD at RM0.01! Hence, the white-gold (conversion cash) from WD and PA by burning thru black-gold is worthwhile!
1 day · translate
@min, during a consolidation with new mothers, you (PA holders, not entitled to new shares) need not pony up new money. In fact, to compensate more mothers, PA and WD will be awarded additional, free shares. More reasons to hold cheap PA or WD to hedge a potential consolidation!
1 day · translate
@cg, min, the mastermind, Kenneth Vun, is remarkably "perseverance" about his long-term plans. E.g., despite linking Sanston (HK) to him and the rumored investigations (denied & libel suits filed), the mastermind still increases his Focus stake via Credit Suisse (a fact). If he wants a consolidation, Focus would have dropped the split proposal, by now! Why? Because the factors (low number of retailers, low, etc.) behind the split have not changed!
1 day · translate
@cg, min, a share reduction is exactly opposite to the "current," "official" 1-to-3 split plan. The July 1 AGM is a good place to authorize the approved split, if any. Also, a 10-to-1 consolidation will raise the "exercise" prices of PA and WD to RM5.5 and RM8.0, respectively; hence, killing their potential future funds from these two financial instruments. The split was proposed on January 4, a month after the debut of PA or WD. The conversions of both were not great; thus, the split idea.
1 day · translate
@cg, according to Fintec's 2021/06/17 announcement, June 18 was the listing date of 180M ESOS shares (0.0325/share). Like in the past, the Fintec sharks pushed up volume on such shares.
2 days · translate
Focus's today's volume is 86.746M/6,372M = 1.36% Focus mothers. The retailers were unlikely to swallow that many; hence, most of them were slowly and quietly acquired by the sharks. Interestingly, the total volume of the 5 seller queues is about 2.5% Focus; compared to 2.7% of Fintec, the sharks control Focus as tightly as Fintec, yet they still want more mothers!
2 days · translate
@cg, at least we have some cheap PA shares, and therefore some hope:-) The cut-loss guy eventually revealed that he did not intend to buy any mothers and asked everyone there, of course, to cut loss at all costs! No wonder he did not lose (or win) a cent or was not trapped (therefore, a prophet) because he never entered:-)
2 days · translate
@cg, still not enough, wow!
2 days · translate
The next phase? The patterns of rapid transactions and price downwards seem no more! Instead, the sharks "quietly" allow stable, less-voluminous 4¢ transactions:-)
2 days · translate
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