Last Price Today's Change   Day's Range   Trading Volume
0.685   -0.005 (0.72%)  0.685 - 0.695  2,353,300
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Board:Main Market
Avg Volume (4 weeks):1,094,461
4 Weeks Range:0.665 - 0.695
52 Weeks Range:0.605 - 0.695
Average Price Target:-


Latest Headlines
09/10/2015  PublicInvest Research Headlines - 9 Oct 2015
26/08/2015  PublicInvest Research Headlines - 26 Aug 2015
08/08/2015  Cliq: messy annual report - M.A. Wind
05/07/2015  CLIQ能源沒有風險?
15/05/2015  Maybank Research Headlines - 15 May 2015
24/04/2015  To Cliq or not to Cliq? (4) - M.A. Wind
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  5 people like this.
menly if mililia can give 2 cents for price to go up and i happy already
09/10/2015 11:13
yamatotrading ask for right issue also need EGM approval.. we will meet at EGM my brothers.
09/10/2015 11:26
sheep warrant will book for QA...buy more warrants.
09/10/2015 15:17
sheep I am for QA. if you don't want Qa, then sell all your shares now.. still get profit...why so much noise?
09/10/2015 15:19
callme777 Sell now? Lol. Make life difficult for ppl like you and the management. U need to raise cash to buy me out.
09/10/2015 16:03
bcllct Mililia comments :

1. The whole proposal to issue rights issue means there are no issues with the approval of the QA, from Securities Commission, points of view.

Make sense . Agreed

2. The proposed rights issue is one way to address the shortfall of cash plus concern from Securities Commission. I am pretty sure while submitting to SC, they would have consulted with SC, the option to overcome the shortfall.

Make sense . Agreed

3. The proposed rights issue is also a ingenious way to overcome some dissent shareholders (expected 25%) who may rejects the deals and block the whole deals.

Not sure whether RI will "oververcome" dissen shareholders. Dissenting shareholders will vote against to realize their sure profit so unlikely to be entice by the RI.

4. The rights issue is a "reward" to the shareholders. Think about it, you will be getting not less than 30% discount for the rights share plus free warrant.

since all existing shareholders are entitled to whatever discount and price will be adjusted ex right accordingly, there is absolutely no reward to shareholders no matter how large the discount is.

5. As I mentioned before, there share price cannot be traded less than the cash value simply because if that happens, then majority of the shareholders will vote against the deal, even the proceed from the rights issue will not be able to cover the shortfall as I pointed in point 3).

share price had been and is still trading below the cash value. If the price rises to at or above cash value,dissent shareholders will sell and realize their profit sooner and not wait for the money to be returned from the trust ac later. You need a a lot of financial muscle to change the tide, so i think this unlikely. Will the "invisible hand" waste their bullets in doing this??

6. Why would one do rights issue at the low price, resulting is maximum dilution. In addition to that, still give discount not less than 30%.

Bottom line is to raise the target amount of fund needed to bridge the potential gap. High discount tend to mislead a lot of people into thinking they are getting a bargain!! Every single shareholder is getting the same deal, what bargain is there??

7. Secondly, if you think point 4), 5) and 6) make sense, then the share price will go up from current price. The proposed rights issue not only address the funding shortfall but also a way to reward current shareholders.

No rights issue ever design to reward shareholders!

09/10/2015 07:24
09/10/2015 16:46
callme777 What's the price to be paid to investors if we reject the QA? Is it 0.675 plus interest? How much would that be? Thx
10/10/2015 05:54
BenBlurBlur Sifu mililia Let's say no Right Issue first.. if price push up b4 d EGM to approve QA wil u sell or wil u hold?? What is fair value of Cliq after buying QA? Thank u
10/10/2015 08:53
mililia BenBlurBlur: First of all, please don't call me Sifu. I'm learning myself. The answer to your question is all depend. If the share price is only up equal or slightly more than cash value.. Most likely I will keep. Why? Because I wanna hold till ex-date and I will entitle my right. Whether to subscribe or not is different issue. If I don't want to subscribe, I still can sell my right.

But if the share price gone up so high, I will sell and talk later. Probably I can participate it again when the rights is traded and probably I can enter the counter at a cheaper cost through the right.
10/10/2015 16:56
BenBlurBlur Mililia Thank u for ur answer. U sifu la talk logic la.

It look like u think the QA quite good is it?? Thank u
10/10/2015 17:01


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