For HM counter, I remind myself the Chinese idiom story about 拔苗助长 "to help the shoots grow by pulling them upward", so just stay calm, do something else while waiting. Good luck!
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Maybe change company name to 'hide' the past from new investors 7. Repeat step 1 to 6
Previous Company name = VORTEX CONSOLIDATED BERHAD
Announced EX Date Subject Ratio Offer 16 Mar 2021 29 Mar 2021 Rights Issue (warrant) 1.0000 : 1.0000 0.1700 18 Jan 2021 02 Feb 2021 Share Consolidation 1.0000 : 4.0000 29 Mar 2019 10 Apr 2019 Rights Issue (warrant) 1 : 5 0.1500 29 Mar 2019 10 Apr 2019 Rights Issue 3 : 1 0.0500 09 Jan 2019 22 Jan 2019 Share Consolidation 2 : 1 28 Jul 2015 07 Aug 2015 Share consolidate 2 : 1 06 Dec 2011 16 Dec 2011 Rights Issue (warrant) 2 : 1
If you are looking for stocks with good returns, HM Bhd can be a profitable investment option. HM Bhd quote is equal to 0.1050 MYR on 2023-07-30. Based on forecasts, a long-term increase is expected, the "0060" stock price prognosis for 2028-07-24 is 0.112 MYR.
Base on your dream? Perhaps if PN win on 12th Aug PRN better chance? Under PM-X HM has dropped so far and now is near 52 week low.
tklim
If you are looking for stocks with good returns, HM Bhd can be a profitable investment option. HM Bhd quote is equal to 0.1050 MYR on 2023-07-30. Based on forecasts, a long-term increase is expected, the "0060" stock price prognosis for 2028-07-24 is 0.112 MYR.
Harvest Miracle to divest 40% stake in Viewnet Computer System to related party
KUALA LUMPUR (Sept 20): Harvest Miracle Capital Bhd, formerly known as Vortex Consolidated Bhd, has proposed to dispose of a 40% stake in its wholly-owned subsidiary Viewnet Computer System Sdn Bhd (VCS) in a related party transaction.
The group said it is selling the stake for RM14 million to Basetex Sdn Bhd, whose sole director and shareholder Pang Kim Moon is also a director of VCS.
“The proposed disposal is viewed as a positive move for the group, driven by the anticipation of positive outcomes," said Harvest Miracle in a bourse filing on Wednesday.
“With the senior management actively participating with equity stakes, there will be a heightened level of involvement in decision-making processes, paving the way for the formulation of robust future business strategies and directions.
“Furthermore, the proposed disposal offers an opportune moment for the group to promptly unlock and realise the latent value embedded within VCS' investment and assets,” the group said.
Harvest Miracle expects to gain RM10.93 million from the stake disposal, which it plans to use to fund its working capital, and partially to repay its latest acquisition of 187 serviced apartment units in Genting Highlands.
VCS is principally engaged in trading of information technology and information communications technology-related products, including hardware, software and accessories.
For the financial year ended March 31, 2023, VCS reported a net loss of RM1.58 million. It had net assets of RM9.13 million as at the end of the year.
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....
Peace99
2,139 posts
Posted by Peace99 > 2023-03-06 13:56 | Report Abuse
5354_, Oh, good point, i also worried. According to the flood map
https://www.google.com.sg/maps/@2.5577112,101.9754689,484502m/data=!3m2!1e3!4b1!4m2!21m1!1s%2Fg%2F11sk1sj3qt!5m1!1e4
HM plantation is in MUkim Ulu Johor
https://www.google.com.sg/maps/search/mukim+ulu+sungai+johor/@1.6932555,103.4802183,122262m/data=!3m1!1e3!5m1!1e4
Not in the flooding area, good!!