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  skywarrior for example this morning the sell queue at rm0.65 is 1 million lot when it first touch 0.65, but if u sell at 0.65(or maybe 0.645, or 0.640 since u wont be able to compete with that 1 million lot also queue to sell at 0.65) that time do u confident u can buy back before it shoot pass 0.65? it shot pass 0.65 like it was nothing, the uptrend is already formed so u dunnid to scare every little small resistance/drop. the global trend for steel is now rising, the vaccinated population is already surpassed those positive, recovery is inevitable. and at this price steel counter will only stand to gain 25/02/2021 11:26 AM skywarrior buy early now that it just shoot pass 0.645, then you will be at very safe position, like i said buy on dips 25/02/2021 11:29 AM  GroundZero https://www.globaltimes.cn/page/202102/1216327.shtml Steel price may set record high as demand surges 25/02/2021 3:08 PM IvanC Haha Joyce, now steel is shortage globally. no matter how bad is Khatu also cannot stop steel price going up. Uptrend at least last until june 25/02/2021 4:38 PM skywarrior figures do not lie, u see today volume, u won't be able to buy steel counter at cheap price anymore 25/02/2021 5:07 PM BullCT Well done Masteel! You did a great job! Can imagine with the increasing steel bar price , eps back to 3+ just in the corner! Cheers to all share holder 25/02/2021 6:14 PM Joyce Lee Personal opinion Result is better than lionind... Lionind is just profit from gain of settlement , but masteel is gain on operating profit and operating CF is in positive ! Hope tmr sell on qr 25/02/2021 6:23 PM GeorgeTown Eps same as ssteel 1.8 cents.. NTA higher than ssteel.. no way price lower than ssteel.. sure up tmr. 25/02/2021 9:17 PM GroundZero https://www.spglobal.com/platts/en/market-insights/latest-news/metals/022521-infographic-slow-steel-mill-ramp-ups-fuel-europe-steel-price-rally Slow steel mill ramp-ups fuel Europe's steel price rally 26/02/2021 8:22 AM GroundZero https://www.metalbulletin.com/Article/3976793/CHINA-STEEL-SCRAP-Prices-surge-on-bullish-Q2-sentiment-international-boost.html CHINA STEEL SCRAP: Prices surge on bullish Q2 sentiment, international boost 26/02/2021 8:42 AM skywarrior of course the qr result is not fantastic yet. because the prices surge in steel JUST STARTED. but masteel already turn profit for 2 quarter and this time it is evident the earning is in the uptrend. But in stock market you can not buy in when the QR result shows it is fantastic, in fact that is the best time to sell. dun believe? see glove stock. now there is plenty evidence that steel is going to turn over and the latest QR shows it is indeed turning profit and in the uptrend. 26/02/2021 9:27 AM skywarrior Refer back to 2016 earning and stock price, in 2016 masteel start turning profit and their EPS that time is similar to now, and u see what is the stock price performing that year? history is going to repeat, the new upcycle just started for this stock which is in cyclical business 26/02/2021 9:28 AM skywarrior in fact i believe the fund manager are all going to use this latest report to justify putting more fund into it. And i will add more now as well now that the qr is out there is no more uncertainty in the short term. only more and more good news 26/02/2021 9:33 AM skywarrior and please dun try to trade this stock too much because you will be brush off very easy, operator here is fast and furious 26/02/2021 9:35 AM skywarrior we know the price is going to be alot higher, easiest and safest way is to hold it, until when? lionind is ahead in share price now and u can use that as reference, thats why masteel is so much lower in risk 26/02/2021 9:36 AM skywarrior thats why, no need panic sell, that is what the operator wants, press down abit u give them ur ticket cheap 26/02/2021 9:42 AM skywarrior The company wrote this in QR "The global recovery for steel demand continues to gather pace, this has been driven by China's masive investment in infrastructure that has resulted in the increase of international iron ores prices that was not seen since 2011/2012" 26/02/2021 10:01 AM everlasting masteel result is so much better than lionind which is still making loss after minus their one off gain.. go go go masteel 26/02/2021 10:25 AM kenie 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED AT AN ISSUE PRICE RM0.36 PER RIGHTS SHARE 27/02/2021 7:31 PM skywarrior rm0.36 is just an example how the company will decide the share price, if share price goes up the right issue subsription price will go up as well, the price not yet decided, just another one spreading misinformation trying to collect cheap, global steel rally and u waiting for 36c? --------------------------------------------------------------------------------------------------------------------------------- kenie stupiid guys hold masteel shares your cost still 63c clever guy sell lor take back cash first later buy cheaper RI 36c cost at 36c 01/03/2021 10:49 AM skywarrior Like I say not every existing shareholder will subscribe, in reality it might be as little as 5% of what you said --------------------------------------------------------------------------------------------------------------------------- kenie Masteel total shares issued 452mil . Issue right shares 226 mil ,issue right share 50% 01/03/2021 10:55 AM John1234 Pls read the circular thoroughly to understand how the rights price is set. This will give us an idea why the operator does not want the price to go up too high to affect the rights fixing price. After the price-fixing date, it can be a different consideration. (Extracted from the Circular to Shareholders) The issue price of the Rights Shares under the Proposed Rights Issue with Warrants will be determined by our Board at a later date after taking into consideration, amongst others, the following: (i) the historical share price of Masteel; and (ii) the 5D-VWAMP of Masteel Shares up to the price-fixing date. In any event, the discount of the issue price of the Rights Shares shall not be more than 25% from the 5D-VWAMP of Masteel Shares up to the price-fixing date. This discount range was determined by our Board after taking into consideration a suitable issue price deemed attractive to encourage subscription of the Rights Shares by the Entitled Shareholders and/or renouncee(s). For illustrative purposes, an indicative issue price of RM0.36 per Rights Shares would represent a discount of approximately: (i) 16.7% to the theoretical ex-rights price of Masteel of approximately RM0.4322; and (ii) 13.1% to the theoretical ex-all price of Masteel Shares of approximately RM0.4142 per Share. The above theoretical ex-all price are calculated based on the 5D-VWAMP of Masteel Shares up to 4 December 2020 of RM0.4683 (being the market day preceding the date of the announcement of the Proposed Rights Issue with Warrants) and similarly assuming an exercise price of RM0.36 per Warrant. The indicative issue price of RM0.36 per Rights Share also represents a discount of approximately 23.1% to the 5D-VWAMP of Masteel Shares up to 4 December 2020 of RM0.4683. 01/03/2021 11:11 AM skywarrior Yes, whoever said it will be 0.36 is trying to cheat ppl, 0.36 is just an example based on last year price 01/03/2021 11:13 AM kenie Masteel total shares issued 452mil . Issue right shares 226 mil ,issue right share 50% 01/03/2021 3:05 PM kenie stupiid guys hold masteel shares your cost still 60c clever guy sell lor take back cash first later buy cheaper RI 36c cost at 36c 01/03/2021 3:05 PM  khatulistiwa1234 0.58 will turn quickly 0.85 , later on 1.20 - 1.50 ...imaging USD 268.10 growth up to USD 656.8 , not a JOKE . 03/03/2021 1:00 PM Bleh Can I ask RI will be given to all shareholders on the day of entitlement? Which will be voted in the coming meeting right? 03/03/2021 2:38 PM John1234 Bleh, the rights issue resolution needs to be passed at the EGM in March for it to be a valid exercise. After which, entitled shareholders can either subscribe for the rights shares or sell their entitlements in the open mkt. 04/03/2021 12:20 PM John1234 In HK, we heard of 丁蟹效应. Does this sound familiar here? https://www.youtube.com/watch?v=y9AN7R3U9mw 04/03/2021 11:04 PM Alvtan38 Will today got its stainless steel balls and fly? Or again dingdong at 0.575-0.585??? Comeon..it is time to be Iron Man.. 05/03/2021 7:58 AM  |
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