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0.38   -0.01 (2.56%)  0.38 - 0.39  281,900
3,187 comment(s). Last comment by sharasphuti5 at Jan 10, 2020 8:22 AM
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comebackisreal
274 posts

Posted by comebackisreal > Aug 27, 2017 1:28 AM | Report Abuse

Right issue... Shit


Armada An Quantum Leap Stock In 2019/2020
13106 posts

Posted by Armada An Quantum Leap Stock In 2019/2020 > Aug 27, 2017 9:07 AM | Report Abuse

I'm surprised Mycron can't generatr fund internally for it's Hydrogen peroxide cleaning line expenditure for a merely $15mil .... could that mean Melewar has eroded Mycron's cash ?


Armada An Quantum Leap Stock In 2019/2020
13106 posts

Posted by Armada An Quantum Leap Stock In 2019/2020 > Aug 27, 2017 9:10 AM | Report Abuse

I hv no comments for Right issue ,
if they are for Setting out new facilities for future growth tapping .


Armada An Quantum Leap Stock In 2019/2020
13106 posts

Posted by Armada An Quantum Leap Stock In 2019/2020 > Aug 27, 2017 9:25 AM | Report Abuse

From suface, tge R.i. ratio pan out seem above fair,
Only concern is why mycron not using intetnal funds ???

Its Mother company's R.i. for taking up Mycron R.i. & settle for out of no way impaired loses caused by its bunch of morons project directors are totally unacceptable.


Olga
685 posts

Posted by Olga > Aug 27, 2017 1:25 PM | Report Abuse

seriously, melewar rights issue 1:1 compared to mycron 1:5.. mycron is anytime better.. but 70% of mycron is held by melewar so mainly it is melewar taking up mycron's rights issue..

i feel only melewar needs the rights issue more than mycron unless something bad this coming qoq in mycron.

but if mycron's coming qoq is good mycron's rights issue looks good


Olga
685 posts

Posted by Olga > Aug 27, 2017 1:52 PM | Report Abuse

Melewar's Rights Issue:

At the issue price of RM0.20 per Rights Share, the Proposed Rights Issue of Shares with Warrants will raise between approximately RM11.50 million and RM45.11 million based on the following scenarios, with the following proposed utilisation: -

Minimum Scenario : Assuming the Minimum Subscription Level
Maximum Scenario : Assuming all Entitled Shareholders fully subscribe for their entitlements to the Rights Shares with Warrants

Proposed Utilisation

Minimum Scenario 11,500 (RM’000)
Subscription of MIGB’s entitlement under Mycron’s Proposed Rights Issue (as defined herein)(1)
10,800

Estimated expenses in relation to the Proposals(3)
700

Mycron's Rights Issue:

At the issue price of RM0.50 per Rights Share, the Proposed Rights Issue of Shares with Warrants will raise between approximately RM10.80 million and RM28.36 million based on the following scenarios, with the following intended utilisation: -

Minimum Scenario : Assuming the Minimum Subscription Level
Maximum Scenario : Assuming all Entitled Shareholders fully subscribe for their entitlements to the Rights Shares with Warrants

Minimum Scenario 10,800 (RM’000)
Capital expenditure(1)
10,100

Estimated expenses in relation to the Proposed Rights Issue of Shares with Warrants(3)
700

Mycron is the beneficiary of Melewar's Rights Issue. In return the price of Mycron Rights Shares is cheap at rm0.50 for melewar. And under minimum senario basically melewar is just "giving cash" by the directors coming out with their own money through their sendirian berhad to Mycron. Mycron's Rights Issue is good as long as Mycron's results is good. Free cash for a profittable company is always welcomed. Melewar's Rights Issue is very dilutive bt Mycron's Rights Issue is not much dilutive (including the warrants at maximum senario is 30% dilution).


Olga
685 posts

Posted by Olga > Aug 27, 2017 1:53 PM | Report Abuse

All the above are taken from melewar's and mycron's rights issue attachment available on bursamalaysia


comebackisreal
274 posts

Posted by comebackisreal > Aug 27, 2017 4:04 PM | Report Abuse

Nowadays, investor dun like right issue ma, expect share price will drop


Armada An Quantum Leap Stock In 2019/2020
13106 posts

Posted by Armada An Quantum Leap Stock In 2019/2020 > Aug 27, 2017 4:13 PM | Report Abuse

Avoid Melewar at all means. ...
That company run by incompatible management ... has caused numerous bleeding non stop projects ....


Armada An Quantum Leap Stock In 2019/2020
13106 posts

Posted by Armada An Quantum Leap Stock In 2019/2020 > Aug 27, 2017 4:15 PM | Report Abuse

I love R.i.;
but got to study their money is use for future growth or paying debts.
Asking price and diluted ratio to be examined before jump in.


Olga
685 posts

Posted by Olga > Aug 27, 2017 6:08 PM | Report Abuse

okay.. rights issue my view is mycron's okay but melewar's terrible. lol sorry melewar. but can anyone give any feedback on this question:

Olga Actually i also saw and was wondering why rights issue before qoq out?
24/08/2017 12:41
X
Olga Why not rights issue after Qoq?
24/08/2017 12:41


Olga
685 posts

Posted by Olga > Aug 27, 2017 6:14 PM | Report Abuse

Yes, rights issue is the way to make money ! But it depends on which rights issue. VenFx is hoping for mycron OR. hahaha. i doubt it will be cheap during the trading of OR..

VenFx I love R.i.;
but got to study their money is use for future growth or paying debts.
Asking price and diluted ratio to be examined before jump in.
27/08/2017 16:15


Olga
685 posts

Posted by Olga > Aug 27, 2017 6:15 PM | Report Abuse

Well, lets see the Qoq comign out any day from tomorrow.. interesting.. i also want a bargain !!!


Tjaifc
135 posts

Posted by Tjaifc > Aug 29, 2017 1:47 PM | Report Abuse

habis la..keep dropin lg...


samchua1001
177 posts

Posted by samchua1001 > Aug 29, 2017 5:58 PM | Report Abuse

hahaha....habis liao buy when 0.865


AllBigWin
50 posts

Posted by AllBigWin > Aug 29, 2017 6:20 PM | Report Abuse

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5087


tokohM
311 posts

Posted by tokohM > Aug 29, 2017 6:43 PM | Report Abuse

Me too


eagle100
1641 posts

Posted by eagle100 > Aug 29, 2017 6:52 PM | Report Abuse

QR is out. Yoy drop 25%


kk83
262 posts

Posted by kk83 > Aug 29, 2017 7:22 PM | Report Abuse

Tomorrow no eyes see.


riko
2463 posts

Posted by riko > Aug 29, 2017 7:33 PM | Report Abuse

why die ... revenue up kuat...


Olga
685 posts

Posted by Olga > Aug 29, 2017 7:38 PM | Report Abuse

Yay.. happy


Tjaifc
135 posts

Posted by Tjaifc > Aug 30, 2017 8:44 AM | Report Abuse

revenue up profit down...


SuperPanda
8268 posts

Posted by SuperPanda > Sep 8, 2017 2:31 PM | Report Abuse

halo.. im mycron shareholdr now. cheers.


Hwai Hooi
1853 posts

Posted by Hwai Hooi > Sep 8, 2017 3:58 PM | Report Abuse

this time really up?


Hwai Hooi
1853 posts

Posted by Hwai Hooi > Sep 8, 2017 3:58 PM | Report Abuse

down so long already


Ivan89
1215 posts

Posted by Ivan89 > Sep 8, 2017 4:01 PM | Report Abuse

Rm1 rm1


Tjaifc
135 posts

Posted by Tjaifc > Sep 8, 2017 6:11 PM | Report Abuse

dont lose steam.nxt week...just shoot up....


SuperPanda
8268 posts

Posted by SuperPanda > Sep 8, 2017 9:05 PM | Report Abuse

whole this week the big 4 steel stock rally up 20-30%, those smaller like mycron had 9.3% frm 0.75 to 0.82.

hope small cap steel like mycron can get 15% up, another 5.7% to go @ 0.04 upside nxt week TP 0.86


SuperPanda
8268 posts

Posted by SuperPanda > Sep 8, 2017 10:17 PM | Report Abuse

Forget to thanks Olga. Your post regarding lion, ssteel, masteel, anjoo really happen. Wonder if y buy them.

Unlucky I bought lion 120 lots at 1.16 be4 it down to 1.04 buta had sold them too early at 1.20. Today lion 1.27.


Olga
685 posts

Posted by Olga > Sep 9, 2017 12:10 AM | Report Abuse

Olga Yay.. happy
29/08/2017 19:38

SuperPanda Forget to thanks Olga. Your post regarding lion, ssteel, masteel, anjoo really happen. Wonder if y buy them.

Unlucky I bought lion 120 lots at 1.16 be4 it down to 1.04 buta had sold them too early at 1.20. Today lion 1.27.
08/09/2017 22:17


Olga
685 posts

Posted by Olga > Sep 9, 2017 12:12 AM | Report Abuse

Hi SuperPanda, nice to meet a new friend! Yes, steel outlook is good. Lionind will recover sooner or later, ssteel has already recovered, those who sold are actually in pain.. news are news, fundamentals are fundamentals, price is price..


Olga
685 posts

Posted by Olga > Sep 9, 2017 12:13 AM | Report Abuse

Leonfb also nice :)


Johnnys
761 posts

Posted by Johnnys > Sep 10, 2017 7:26 PM | Report Abuse

Olga, how is outlook for Mycron?


Joe Yeow
12 posts

Posted by Joe Yeow > Sep 11, 2017 7:04 PM | Report Abuse

Mycron might up soon ...


Tjaifc
135 posts

Posted by Tjaifc > Sep 11, 2017 8:08 PM | Report Abuse

ard losing steam tday...


riko
2463 posts

Posted by riko > Sep 11, 2017 8:12 PM | Report Abuse

where can check the daily steel price?


Olga
685 posts

Posted by Olga > Sep 12, 2017 8:01 AM | Report Abuse

Mycron looks good :) But it is not the only good ones around

Johnnys Olga, how is outlook for Mycron?
10/09/2017 19:26


kk83
262 posts

Posted by kk83 > Sep 12, 2017 1:51 PM | Report Abuse

Drop back again


Tjaifc
135 posts

Posted by Tjaifc > Sep 12, 2017 6:36 PM | Report Abuse

no more power ard....


Tjaifc
135 posts

Posted by Tjaifc > Sep 13, 2017 11:37 AM | Report Abuse

kne pakai viagra dh...


kk83
262 posts

Posted by kk83 > Sep 13, 2017 11:39 AM | Report Abuse

tiada booster untuk up


riko
2463 posts

Posted by riko > Sep 13, 2017 12:29 PM | Report Abuse

the worst steel counter


Tjaifc
135 posts

Posted by Tjaifc > Sep 13, 2017 12:50 PM | Report Abuse

red ad...pakai belon pun blm tau blh up...


dalpinia
1570 posts

Posted by dalpinia > Sep 13, 2017 12:51 PM | Report Abuse

Rebar Price Chart:
https://www.lme.com/Metals/Ferrous/Steel-Rebar#tabIndex=2

from 1st July, up around 20-25% until today


Alipapapa
177 posts

Posted by Alipapapa > Sep 14, 2017 10:02 AM | Report Abuse

all steel stock up so much. mycron coming this round.


fujiapple
50 posts

Posted by fujiapple > Sep 14, 2017 10:50 PM | Report Abuse

may due to right issue? price not move.. ?


Tjaifc
135 posts

Posted by Tjaifc > Sep 15, 2017 12:36 AM | Report Abuse

most probably...the RI weighed on the shares..what a pity...


Tjaifc
135 posts

Posted by Tjaifc > Sep 19, 2017 1:51 PM | Report Abuse

mightCron...'ape dah jadi...ape dah jadi..ta nak naik lagi'...forget the ri...the shark..whatever...most steel counters exceed TP ard...com'on ride on...nid horses???...


fujiapple
50 posts

Posted by fujiapple > Sep 19, 2017 11:32 PM | Report Abuse

i thought min have 1.10 ..but still sleeping


Tjaifc
135 posts

Posted by Tjaifc > Sep 20, 2017 9:39 AM | Report Abuse

'di anaktirikan'...sigh...

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