Highlights
KLSE: GLOTEC (5220)       GLOBALTEC FORMATION BERHAD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.60   +0.075 (14.29%)  0.465 - 0.60  1,024,000
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Dividend, Bonus, Split & Consolidation

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Ann. Date Ex Date Payment Date Type Subject Amount View
30-Nov-2018 12-Dec-2018 14-Dec-2018 CONSOLIDATION Share Consolidation 20 : 1 Dividend Detail
30-Nov-2018 12-Dec-2018 14-Dec-2018 CONSOLIDATION Others 1 : 4 Dividend Detail
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  27 people like this.
 
noviceinvestor8 I have been holding this stock more than 5 years (before the merger) and have a very high hope as the CBM is schedule to be commercialize by next year (latest).

But after hearing that it will be consolidate to 20:1, I sold off all 5 million unit (50K lots) this morning even I lost around 200K.

I have bad experience in Hubline where I'm holding 1M units and consolidate to 20:1 and from RM0.01 to RM0.20. After less than a month, it drop to RM0.10 and currently at RM0.06.

I have a bad feeling that once Glotec consolidate to RM0.90 will easily go to RM0.30 or even worse less than RM0.10.

So you guys who still holding, becareful, I sold 5 million units @ RM0.04 and after it consolidate to 20:1 and if my prediction is correct and drop below RM0.30, I might buy back...
06/09/2018 09:46
jordanmaggie61 Nice ! Start taking profit, thanks.
06/09/2018 10:23
CrapTree kikikiki..... as expected..... consolidation
06/09/2018 10:24
GoodBoy In case the CBM is commercialize n good profit is materialize, there is no reason for the share price to drop after consolidation ... further more, in order to encourage conversion of warrant to mother share, share price has to go up ... I guess this corporate exercise's objective is to attract quality investors so that they will convert the free warrant to mother share n contributing additional capital to the company ...
06/09/2018 10:42
afterlight the bonus warrant is in-the-money. But I rather sell it off rather than conversion. Even the warrant worth 1 sen, this counter is worth at least 5 sen now
06/09/2018 11:19
afterlight Maybe that is why so many buyers at 4 sen
06/09/2018 11:21
Lim Tek Wai Good potential stock, bought it !!!
06/09/2018 11:35
cheated 5 sen where? 4 sen I see now.
06/09/2018 11:56
afterlight They are giving 3 years bonus warrants, worth at least 1 sen I think, lol
06/09/2018 14:48
noviceinvestor8 Thanks Doraemon for the valuable advise.

From my experience, almost all loss making company who consolidate (like Hubline), it will drop at least 20% to 30% within 1 week after consolidation. In Glotec case, all the while the share trading at around RM0.04 - RM0.05 and suddenly after consolidation to 20:1 and the price move to RM0.90, how many ppl will buy loss making company with RM0.90 (eventhough they throw in 4 units to 1 warrant, if mother share drop below RM0.50, the warrant is as good as useless)?? Not many ppl will look at the total share from 5 billion consolidate to around 250 million unit, they only look at current trading price, that is my opinion but many experience investor or fund manager might not agree with me on this.
07/09/2018 09:43
Depeche The value of the company is unchanged after conversion...but if it's going to be sold down to 0.10 after conversion like some of u fear, then the management must be crazy...better stay put and remain a penny stock....but again, this company may not be one of those exceptional cases like Citigroup who managed to reverse their fortunes with reverse split.
Conclusion for me: look at company's fundamentals and prospects. This company does not impress in previous QRs....so like Hubline, best consider carefully before jumping in.
07/09/2018 10:06
afterlight Is the boss keep sapu at 4 sen? last night sapu RM1 million already, today sapu RM600k again... I hate it when market sell so cheap to insider
07/09/2018 15:36
Mingxing25 Borbian , small investors scare this scare there
07/09/2018 15:43
WY Chan yeah... yeah... sell cheap... better scrape what is left over b4 burn to ashes
08/09/2018 21:31
Feizal Mazlan Better stay away.....
10/09/2018 10:09
Yael Jasper Waiting for dividen soon. This time can cover back some capital loss. Not bad.
12/09/2018 11:05
siam8888 Trap counter
14/09/2018 02:44
steward Sai counter
14/09/2018 09:28
Lim Tek Wai Well done, the profit can let me to buy more food
14/09/2018 11:31
afterlight zzz, when will it go up?
14/09/2018 13:29
Depeche This counter is so cheap... buying 500000 shares...ikan bilis will look like a shark too...haha
15/09/2018 11:12
warren buntut yaya so cheap. buy 500000 shares if wanna cut loss one bit is worth 2.5k
15/09/2018 11:26
jm3525 later u all crying after conversion.. that 0.90sen drop until 0.50sen
15/09/2018 23:42
Depeche I will follow the development of this counter....interesting to see whether this will be a successful reverse split.
16/09/2018 07:47
afterlight I think they consolidate so they can look for private placement investor.
24/09/2018 17:55
4444 10 become 1? After conso 40 sen can drop to 10 sen or even below?
25/09/2018 22:55
steward Not 10 become 1 but 20 become 1
27/09/2018 17:19
CrapTree wakakakaka.........
01/10/2018 17:28
CrapTree where is the old cock.....
10/10/2018 16:23
jasontan1177 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5943689

very excited director ? this company submitted POD to indo take year to get indo approve ?

kikikiki

selling chicken rice every year also can loss money one...

glotec management are genius
17/10/2018 09:46
barubelajaq seems something brewing......happening trow 13:11???
13/11/2018 16:45
maya1301 0.035 gone!!!
HeHeHe
19/11/2018 16:10
WY Chan brew soup bone
28/11/2018 08:22
maya1301 521%!!!
Gap up ooo Gap up ooo Gap up
HaHaHa
28/11/2018 18:14
jasontan1177 wah selling chichken rice so many years ...finally got profit ah ?

Director very excited or not ? hehe
29/11/2018 10:19
Yu_and_Mee This type of share, after consolidation will drop further. Please don't touch except for real expert.
04/12/2018 05:51
nissanleaf share rationalisation exercise very good to reduce traded price gap of 15% per block.. best still, 3rd national car project coming and GFB has more than 20 parts in their radar
07/12/2018 05:53
flyby Hi nissanleaf, I do not understand when you say 'to reduce traded price gap of 15% per block'. Would appreciate if you could explain. Thanks
07/12/2018 08:10
CrapTree it will turn to 2.5 sen again.... cb counter.....

early in the morning drop 5 sen liao....
12/12/2018 11:24
chermile ayam..where r u...pls advise....your dream come true lor....tuju langit
12/12/2018 11:28
Depeche Finally... the new chapter... let's see how it fares.
12/12/2018 14:02
jantzen7801 When warrant start??
12/12/2018 16:38
warren buntut wow not bad. 0.03 fly to 0.5. congrats you all
12/12/2018 17:53
Depeche I have a feeling this counter may pull it off.
12/12/2018 18:35
derrickinvestor pull it off? u mean dropnto 0.04 again?
13/12/2018 00:30
commonsense If you can look pass all the corporate announcement of new ventures and corporate exercises (share consolidation and free bonus warrants) and look at the company's fundamental, Globaltec is still a loss making company since at least FY2013 which is the year after the merger of AutoV, AIC Corp and Jotech Holding. It was surprising to see that the company turn straight away to loss making in 2013 given that prior to the merger of the 3 companies, they actually made a combine profit of RM37.6mil PAT in 2011.

I am not sure what went wrong in just 6 months after the merger. They still managed to make profit in the quarter after the merger but was not as high as before at only RM2.2mil PAT. Then it just got bad in 3Q13 when they posted their first time loses as a new company. Can anyone provide some clarity on this?

I think it is better for those that are interested to wait for them to post a more sustainable profit before you invest into the company. If not, at least wait for a clearer picture on the development of the Tanjung Enim field which is supposed to be the company future growth catalyst according to management.

The last development that i heard off was the completion of the exploratory/test drilling in the Muralim block last week by Nuenergy. I think they are still testing to see how much recoverable gas reserve are in the tested well. There is also another well that they are currently testing but is yet to be completed. This is still not certain in term of recoverability. There could be gases in the 2 wells but might not be financially viable to extract. Hence why i think you should wait for the development of the well testing first before investing in this company.

For those already invested, you need to be prepare to face some market volatility in the short term. Maybe those invested could provide clarity on what are the other catalysts for the company besides the Nuenergy venture.

If you are looking to diversify your portfolio a bit (at least until the result of the Nuenergy test is out), i would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.8x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Good luck.
13/12/2018 10:05
Depeche Pull it off =succeed.
13/12/2018 14:55
Depeche Yup... better observe first... for those bold enough....i will only enter it goes to 0.43 and below.
13/12/2018 14:59
derrickinvestor agree depeche
13/12/2018 17:41
derrickinvestor just hope it drop back first
13/12/2018 17:41


 

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