Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > Jul 10, 2020 9:21 PM | Report Abuse

No more people throw 0.075 cents, Now play 0.08 cents, this GEM sure will fly.

Posted by manmin > Jul 19, 2020 11:04 AM | Report Abuse

Fly up or down

Posted by Albukhary > Jul 23, 2020 11:19 AM | Report Abuse

result coming soon..

Posted by manmin > Jul 23, 2020 3:22 PM | Report Abuse

M

Posted by manmin > Jul 23, 2020 3:25 PM | Report Abuse

What happens

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > Jul 31, 2020 10:02 AM | Report Abuse

Resulit Green 23.12% Bad is over, Time to buy.

Posted by Albukhary > Aug 6, 2020 5:17 PM | Report Abuse

next GEM

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > Aug 11, 2020 10:19 PM | Report Abuse

today up 0.015 cents 25% up . Its going uptrend, if break 0.09 cents will fly to 0.25 cents.

Posted by Karlos > Aug 11, 2020 11:17 PM | Report Abuse

Oil price experiencing strong rally. About time for M&G to move up after a long hibernation. Time to wake up!!!

Posted by Albukhary > Aug 11, 2020 11:34 PM | Report Abuse

Bank are willing to convert its outstanding debt to RM0.10 per share.
Why you are not willing to invest RM0,075 per share?
Do you think bank is stupid?

As a 20 years investor and businessman, let me share my opinion to you.

For investor to invest in penny stock, the most worries thing is the company went into bankrupt, that mean your share will be totally gone. 2nd, we worry it will call for right issue; 3rd we worry it will propose consolidation of share.


For M&G, first we no need to worries it will went into bankrupt, why? Because bank is her creditor, if bank know this company will bankrupt soon, do you think bank willing to convert its debt become share in this going to bankrupt company?

Second, right issue. Once its has completed its debt restructuring plan, M&G will have no problem to meet its monthly debt obligation, so no need to call for right issue. Since the fleet utilisation is still consider low (around 70%), very unlikely it will call for right issue for business expansion.

Third, as bank will become its biggest shareholder, I believe bank will not agreed to any proposal to consolidate the share, because share consolidation will always harm its existing shareholder, especially for the bank who subscribe the share based on RM0.10, which is almost 25% above its current market price.

So, I oredi put my money into your pocket, it is up to you to decide whether you want to keep it, spend it or ignore it.

Posted by 1stDegreeBurn > Aug 13, 2020 2:44 PM | Report Abuse

Thank you Mr Albukhary. i placed some small wager yesterday at 7c.

Posted by Eric963708 > Aug 13, 2020 5:03 PM | Report Abuse

mostly coment fr Albukhary at here,

Posted by yapts > Aug 13, 2020 5:21 PM | Report Abuse

Talk big as if he knows so much about M & G.

Posted by yapts > Aug 13, 2020 5:26 PM | Report Abuse

To play safe about this penny stock, buy below 0.055

Posted by 1stDegreeBurn > Aug 14, 2020 3:56 PM | Report Abuse

Guess I will continue collecting... Thanks guys

Posted by yapts > Aug 21, 2020 5:11 PM | Report Abuse

Volume building up. Price will be push up to lure more people in.TP: 0.095

Posted by Albukhary > Aug 23, 2020 7:58 PM | Report Abuse

I heard there is a big group of investor who previous invested a lot at AIRASIA, decided to move their fund to penny O&G counter, as there need a fast way to recover their lost in AIRASIA before the year end.

Based on their study, O&G could be the sector that have the most potential, as the demand for O&G has recover. For China, the demand for O&G has back to the normal level before Covid, so they foresee same recovery will apply to other countries as well. So now is the right timing to accummulated O&G stock.

M&G, being one of the cheapest O&G player, has the most potential to gain a lot in term of %, reason being:-

1) It is dirty cheap (7sen), easily can gain 100% or 200%.
2) Its debt restructuring scheme has completed, meaning it wont facing any debt problem / default loan in next 3-5 years.
3) All this while its loss making is due to high interest. After this debt restructuring, it will save a huge portion on interest expenses.
4) Bank agreed to converted RM150mil of loan into share @ RM0.10 per share. Mean, now bank are their shareholder, and bank is paying RM0.10, while you can get RM0.07.


Please imagine, you are running a company, and your company borrow RM1 mil term loan from Bank. Now, you have no enough money to pay loan, instead of bank sue you or force sell your property, bank offer to convert the loan become share. Mean, bank will become your shareholder, your term loan will convert become paid up capital. Mean, you no need to payback to the bank anymore.

Posted by 1stDegreeBurn > Aug 25, 2020 4:15 PM | Report Abuse

Thank you Mr Albukhary, "Hamstering" i still am...

Posted by manmin > Aug 26, 2020 2:57 PM | Report Abuse

Next tp? Any tip

Posted by yapts > Aug 26, 2020 3:02 PM | Report Abuse

sold all @0.095.

Posted by OMR@obm_4558 > Aug 26, 2020 3:25 PM | Report Abuse

gogogoooo......

Posted by yapts > Aug 26, 2020 3:39 PM | Report Abuse

will buy back when come down to 0.06

Posted by 1kking > Aug 26, 2020 3:47 PM | Report Abuse

another sapnrg in the making

Posted by Albukhary > Aug 26, 2020 3:51 PM | Report Abuse

Just buy & hold... This is very safe stock, I will never sell any single lot before it reach minimum 15sen

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > Aug 26, 2020 11:44 PM | Report Abuse

engine start i am still keeping 400,000 units cost price 0.065 cents.

Posted by Albukhary > Aug 27, 2020 3:06 AM | Report Abuse

@GOODLUCK, congratulation. I will push it higher to help you gain at least 200%.

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > Aug 27, 2020 11:01 PM | Report Abuse

Albukhary push to 0.15 cents i sale. $$$$$$$$$$$$$

Posted by Nadayu > Oct 1, 2020 8:45 PM | Report Abuse

any news ?

Posted by Nadayu > Oct 21, 2020 9:09 PM | Report Abuse

0.08 coming