LKOHRead the edge market article, the profit is mainly due to unrealized forex gain, it means just gain recorded in account not real cash, it can be reversed or gain more subject to movement RM vs foreign currency, I guess it is USD.
Did anyone read the QR report thoroughly? Please share how much unrealized forex gain in this case.
LKOHI briefly read the QR report, unrealized forex gain is about 10 million. The QR result is still commendable.
ChickabooOk. Lets everyone dump so that we can collect at lower price with dividend ^_^
vcgh23agreed with chickaboo... bcaz I'm believed the 3rd quarter coming result even much more stronger as vs last year quarter .. so now Mflour is consider uptrend all the way until year end 2.00.. lets wait and see .. and collect gradually....
simon_nickNvm la, those who don't believe let them sell. They will see it eventually.... :)
tradminatorhopeless?? share price drop on good report is normally profit taking la. same happen to airasia last qr report release share price drop but now what is airasia price?
dompeileeU all still don't get it? Insiders accumulate for weeks before the result because they knew it was going to be good...then when no follow through buying on the announcement day, just dumped 3 weeks worth of shares in 3 days.
Kuang SingteeThe profit is due mainly to unrealized forex gain recorded in the account and not real cash. What nonsense is this? When the company gain in forex exchange she gains in profit because the buying and selling of a commodity the company need to pay less or when she convert the currency into ringgit she makes more! For the last few quarters in 2015 and 2016 Malayan Flour lost money mainly due to forex lost as shown by the article written by Riche Ho and that was why the price of Mflour keep dropping. The price drops very substantially I feel in mainly due insider trading and manipulation, nothing more and nothing less
Woo JohnKuang your description made real sense, this counter is manipulated. Urge all investor to take caution.
ChickabooCant understand. Why insider throw now and not later when px up further? Since many are buying due to good QR and dividend ...also, there is no short selling option in klse... why make it drop now?
Kungsing TingAs what I heard from my friends, QR result lower than what they expected. And profit was came from foreign exchange rates. No really make a good profit. I had sold out what I have last week and waiting price go to bottom line or until fair price of market. Happy Journey...
ChickabooAlright... time to buy in ^_^ and target to break 1.65 before end of this week. Hope no more bad news
really got dum dum ppl go to convert the warrants at RM2++; better throw away the warrants and buy now cheaper la
Sebastian Sted PowerAdditional Listing Announcement 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Exercise of Warrants Details of corporate proposal : Exercise of Warrants 2012/2017 No. of shares issued under this corporate proposal : 50 Issue price per share ($$) : 2.0600 Par Value ($$) : 0.50 Latest issued and paid up share capital after the above corporate proposal In the following Units : 550,239,060 Currency : Malaysian Ringgit (MYR) 275,119,530.000 Listing Date : 26/08/2016
AbudanceDigidigi, warrant expires Dec 2017 and not may. Gone down after dividend payout and now whole market down cos of possibility of Fed interest hike. Ringgit down again ... Hopefully better exports
iphone4@Abudance if u r still interested buying MFM WB
Profile for Warrants I Listing Date : 14/05/2012 Issue Date : 10/05/2012 Issue/ Ask Price : Not Applicable Issue Size in Unit : 107,644,606 Maturity Date : 09/05/2017 Revised Maturity Date : Exercise/Conversion Period : 5.00 Year(s) Revised Exercise/Conversion Period : Exercise/ Strike/ Conversion Price : MYR 2.0600 Revised Exercise/ Strike/ Conversion Price : Exercise/ Conversion Ratio : 1:1 Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Cash Settlement Type/ Convertible into : Physical (Shares) Remarks : The Warrants can be exercised at any time on or after the date of issue of the Warrants up to Expiry Date (both dates inclusive). Each Warrant entitles the registered holder during the Exercise Period to subscribe for one (1) new MFM Share in the share capital of MFM at the Exercise Price, subject to adjustments in accordance with the provisions in the Deed Poll dated 21 March 2012.
digidigiNow ringgit start to depreciate again, their might have higher foreign exchange loss compare to last two quater, so there is basically no chance for the warrant to survive