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Meet Cathedra, A Promethean Bitcoin Miner Focused On Killing The Petrodollar

The Bitcoin mining firm Cathedra seeks to propel humanity toward a “positive sum” future in energy production, creativity and more.

Man Dies after Jumping from Genting-Linked Treasure Island in Macau

The Treasure Island Resort World in Macau is still under construction, but is already dealing with a tragedy. The property, which Genting Hong Kong previously backed, is a crime scene following a man’s suicide there today. A 50-year-old man, who was not identified, died today after jumping from the top of the Treasure Island resort. […]

The post Man Dies after Jumping from Genting-Linked Treasure Island in Macau appeared first on Casino.org.

Guest Post: Press Publishers’ Rights In Indian News Media Digital Space

We are pleased to bring you a guest post by Mili Baxi, on the development of a publisher’s right in digital media. Mili is a graduate of Institute of Law, Nirma University, currently completing her LLM at LSE. Her areas of interest are Information Technology law, Intellectual Property law, Media & Communication Law, and human rights law.   Introduction The economic health of the traditional news media and publishing industry has deteriorated over the years, which is concerning for the...

Elon Musk Says He Won’t Sell Bitcoin (BTC) and Two Other Crypto Assets Amid Rising Inflation

Tesla CEO Elon Musk is revealing plans to continue holding on to the cryptocurrencies he owns as inflation in the US reaches a four-decade high. Musk says in a tweet that Tesla and SpaceX are feeling the effects of high inflation just like other corporations and households as the cost of living and doing business […]

The post Elon Musk Says He Won’t Sell Bitcoin (BTC) and Two Other Crypto Assets Amid Rising Inflation appeared first on The Daily Hodl.

The EU Rejects a ‘Bitcoin Ban’

March 15, 2022       /       Unchained Daily       /       Laura Shin Join My Private Discord By Purchasing an NFT! I recently launched a private[...]

The post The EU Rejects a ‘Bitcoin Ban’ appeared first on Unchained Podcast.

PAPPAJACK BERHAD

Copyright@http://lchipo.blogspot.com/
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***Important***Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision
Open to apply: 11/03/2022
Close to apply: 18/03/2022
Balloting: 23/03/2022
Listing date: 01/04/2022

Share Capital
Market Cap: RM200.4 mil
Total Shares: 668 mil shares

Industry & Competitor
Pawbroking industry in Malaysia CARG: 4.79%
Ar-Rahnu CARG: -9.77%
Industry market shares: 2.15% (2020, included Ar-Rahnu).

Business (2021)

Pawnbroking in Malaysia (Pajak Gadai) with interest rate 1.3%-2% pawn loan (per month).
Pawnbroking: 56.37%
Sale of unredeemed or bid pledges: 43.63%

Fundamental

1.Market: Ace Market
2.Price: RM0.30 
3.P/E: 24.39
4.ROE(Pro Forma III): 4.02% (FPE2021)
5.ROE: 7.54%(FYE2020), 3.03%(FYE2019), 2.86%(FYE2018)
6.NA after IPO: RM0.24
7.Total debt to current asset after IPO: 0.11  (Debt: 18.883mil, Non-Current Asset: 10.487mil, Current asset: 169.337mil)
8.Dividend policy: no formal dividend policy. 

Past Financial Performance (Revenue, Earning Per shares, PAT%)

2021 (FPE 30Sep): RM25.407 mil (Eps: 0.0081),PAT:21.36%
2020 (FYE 31Dec): RM30.769 mil (Eps: 0.0123),PAT:26.67%
2019 (FYE 31Dec): RM19.207 mil (Eps: 0.0029),PAT:10.22%
2018 (FYE 31Dec): RM10.010 mil (Eps: 0.0024),PAT:15.69%

After IPO Sharesholding

1. TSE Sejahtera: 47.85%
2. Lim Boon Hua: 50.17% (indirect) 
3. Law Book Ching: 47.85% (indirect) 
4. Lim Siew Fang: 47.85% (indirect) 
5. Lee Kooi Lan: 47.85% (indirect) 

Directors & Key Management Remuneration for FYE2022 (from gross profit 2021)
Total director remuneration: RM0.441mil
key management remuneration: RM0.305mil
total (max): RM0.746mil or 5.4%  

Use of fund

1.Expansion of pawnbroking outlets: 38.36%
2. Cash capital for existing 20 pawnbroking outlets: 54.05% 
3. Listing expenses: 7.59%

Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Is a attractive IPO on the high interest return business but also come with high risk (category as high risk high return investment). 

*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.

Bill Perkins talks Bitcoin, Ethereum NFTs and Poker on the Coin Rivet podcast

Professional poker player Bill Perkins is the latest guest to join Jeff Gross on the Coin Rivet podcast. The Texan hedge fund manager turned poker pro is now a huge supporter of cryptocurrencies and NFTs, notably Bitcoin and Ethereum.

B&Q updates NDC with automated tote shuttle solution

Logistex has completed a £10m project for B&Q at its Distribution Centre in Worksop,... Read more »

The post B&Q updates NDC with automated tote shuttle solution appeared first on Logistics Business® Magazine.

Get the Assassin’s Creed Valhalla Hati Wolf Mount During the Unstoppable Action Sale

If you love unleashing the Dive of the Valkyries or Rage of Helheim on your enemies and enjoy watching John Wick take on gobs of henchmen with surgical precision, keep reading. Xbox and Microsoft Movies & TV have teamed up with Ubisoft to give you the Hati Wolf Mount DLC for Assassin’s Creed Valhalla free […]

A career timeline of Justin Sun, crypto’s most annoying over-marketer

Justin Sun is a colorful character in crypto history to say the least. Here's a timeline of his career, the good, bad, and ugly.

The post A career timeline of Justin Sun, crypto’s most annoying over-marketer appeared first on Protos.

The Barcelona Cannabis Club Scene: Update Spring 2022

The famous Barcelona club system is evolving with the times; get the inside scoop of where to go and what to expect.

The post The Barcelona Cannabis Club Scene: Update Spring 2022 appeared first on High Times.

NoVa Battles: Everything You Need to Know

nova-battles:-everything-you-need-to-know

PRESS RELEASE. Have you ever fantasized about of traveling to an endless cosmos to face off against cosmic warriors for control of the universe’s ultimate power? With NoVa Battle, you can get the chance to live your wildest dreams out of your mobile device. So, what exactly is NoVa Battle? And what makes it so…

The post NoVa Battles: Everything You Need to Know appeared first on Bitcoin News Miner.

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