Buy at 20 sens, sell at 30 sens Within a year,
profit = 50%

Buy at 20 sens, sell at 40 sens Within a year,
Profit = 100 %

Mudajya had recognised 21 millions profits from investment in RKMPOWERGEN, India for financial year 2021 based on the Audited accounts by KPMG.
Based on Mudajya s press release dated 15 June 2022, RKMPOWERGEN INDIA has recorded
282 millions for Jan 2022 - April 2022. For the similar period in 2021, it was profits of 72 millions.
It means profits from India power plant has increased 400 %
And Mudajya largest shareholder is holding 70 %, and the owner behind is Jerry Kou from Taiwan, who owns 5 listed companies in Taiwan.

Auditors for Audited accounts for financial year ended 31 Dec 2021 was KPMG.

On 11 Dec 2022 changed to Deloitte PLT Malaysia.


Based on the notes to the accounts 9

R.K.M POWERGEN PRIVATE LIMITED ( RKM) was treated as an associate company.

Based on notes 10

Non current
Fair value through profit or loss
- - shares at Group level RM 21 millions

Based on Statements of Profits or Loss

Other Income
Gains on remeasurement of other investments RM 21 millions
24/02/2023 11:47 PM
X
Shareview123 Based on press release on 15 June 2022

RKM reported 282 millions for Jan 2022 - April 2022 and
72 millions for a similar period in 2021.

So, for 4 months = 72 millions,
for 12 million months = 72 millions x 3 = 216 millions

So, may be based on advice of experts, Mudajya and Auditors agreed to recognise 10 % only,
which is RM 21 millions as reflected in the Group level of Audited Accounts for 2021.

For Jan 2022 - April 2022 = 282 millions

So, let assume for 12 months = 282 millions x 3 = 846 millions

So, be consistent, Mudajya and its Auditors may agreed again at 10 %

846 millions x 10 % = 84.6 millions, to be recognised in the group level of Audted accounts for financial year ended 31 Dec 2022.

Hopefully, they can agree on higher percentage and not just 10 % only.
25/02/2023 12:05 AM
X
Shareview123 If Mudajya and its auditors agreed to recognise at 19.4 %

So at Group level, can recognise 164 millions ( 846 x 19.4 %),
25/02/2023 12:25 AM
X
Shareview123 And may also consider to written back impairments written off or provided in previous years.
or revalue its investment in RKM.

For those retailers with strong holding power, can buy and hold for 3 to 6 months for a target price of 0.55 to 0.60 or 6 to a year for a target price of 0.80 to 1.0
Armada was Top 5 FPSO in the world, may be slightly bigger than YINSON.

Armada dropped from around 0.80 from beginning of 2018 to 0.15 during Dec 2018, then hit 0.54 in Nov 2019.
Very difficult to play contra. Must hold and let them push back around 0.55 again. If crude oil sustain above USD for a year, it should go back to around 0.80. Armada results is much better than 2018 to 2021, no reason hovering around 0.40 the only reason is a lot of retailers average holding cost may be around 0.55 to 0.60.

Hibiscus dropped from around 1.00 in 2020 to around 0.80. Then slowly dropped to 0.71
before limit down on 9 March 2020 to 0.41,due to disagreement between Russia and Opec March pendamic to 0.25 in March 2020 .later dump and pump for 2 years to hit 0.80. But took around 2 months only from 0.80 to 1.32 because a lot retailers were flushed out plus crude oil price jumped fr USD 88 ++to USD 130above.

Based on the audited annual report 2018, 2019 and 2020, Malaysia master value investor also increased his investment from 30 m to 65 m shares

Armada hit 0.54 in Nov 2019, due to pandemic, it dropped to around 0.135,
On 18 Oct 2021, it hit 0.545 again, then dropped to 0.42 on 29 Nov 2021
Then on 4 Feb 2022, it hit 0.575, because of a lot of retailers jumped in, so the sharks pressed down to cach contra players, they press down to 0.365 on 15 March, today closed at 0.415 with a jump from 0.405 at 4.44 pm. It is very clear cut to earn money from contra players and to panic weak retail holders. Armada was around 0.90 in 2018 when crude oil was around USD 80.
The last few quarters made profits, and with oil prices above USD 90, no reason for Armada hovering around 0.40.
The only reason is they are accumulating and try to flush out retailers.

End of Feb 2019, KNM announced results with huge losses ofmore than 600 millions due to impairment and written off of goodwill, but its share price went up from around 6 sen to around 44sen sometimes in August 2019.

The probabilities of Genting Bhd and GENM to hit RM 2.50 and RM 1.50 respectively are very much higher than the probability of BAT to hit RM 4.0.

Assuming retailers are holding 4.8 billions
( 30 % x 16 billions). If they push up 10 sen, they have to pay additional 480 millions to the retailers.

For those who had been trapped from 1.50 to 0.60, should seriously consider to average down now if drop to 0.10 - 0.11, average down again.
10,000 shares x 0.135 = RM 1350
20000 x 0.11 = 2200
.

If today they accumulated at average of 0.145 - 0.15.
==100 % up, = 0.3
=== 200 % up, = 0.45
===300 % up, = 0.60

Highest volume in Bursa history
As at 4.10 pm , 10 August 2020

1) sapnrg 3.821 billions shares
2 ) Bornoil 2.723 billions shares
3) PDZ 1.326 billions shares

The way they push this morning is different from the last few years.

Should be " not to mention the shares accumulated by major shareholders over the period from March 2020 - July 2020."

Morning session volume traded around 1.9 billion shares, assuming one third sold by retailers, it means more than 600 millions
shares, not to mention the number of shares accumulated by the major shareholders.
If up additional 10 sen, they would have saved additional 50 millions from the number of shares collected this morning.

Congratulations to those who bought at 10,000 shares @ 0.28
and doubled average down at 0.10 ( 20,000 shares x 0.10 ).
Now your cost is 30,000 shares @ 0.16.
For those who have average down additional 30,000 shares x 0.10.
Now your cost is only 60,000 shares x 0.13.
You have made a paper gain of ( 0.16 - 0.13) x 60000 shares. = RM 1,800.

It's share price was trading below 50 sen after 2008 financial crisis, then pushed up above 4.50.

Sapnrg was formerly known as Cress petroleum. After the merger with Kencana, became SapuraKencana. Later changed its name to Sapnrg.

For the past few months, we can notice many penny stocks with financial difficulties and incurred losses have been pushed up hundred to few hundred percent. These penny were trading below 3 sen with thin volume for past few years. Examples like ANZO, SINOTOP, HWGB, and many others so called ™ claimed related to Covid 19 ™. The operator have cornered or accumulated enough, that is why they can push up the price.
For Sapnrg, the operators are in the process of accumulating. Once they have accumulated enough, they will push up the price again.
I bought some around 0.24 - 0.28, and have averaged down few blocks around 0.085 - 0.12.
I am prepared to hold for another 2 years.
100k at 0.10 = 10,000.
1 million at 0.10 = 100 k.

Between 2010 and 2011, within a year pushed up from below 0.20 to 1.0 by using the story of tin mining, this year should be tourism topics now changed to Covid 19 agenda.

Since beginning of 2011, almost 10 years, can monitor this counter again, almost cornered.

Every investor or punter hopes to make some money from the market. It is their right as long as they do not spread the false informations to mislead the public.

https://youtu.be/3J6zm6zgah0

https://m.ednews.net/en/news/politics/421822-coronavirus-prepared-at-the-bio-weapons-laboratory-in-the-us

After the right issue completed, the financial position of ICON is very much better than before. If the company can get more and better contracts and also better governance, better management, the company should be able to give a better result , in a longer period, its shares price will go up also.
What we should do is keep monitoring the company's performance. If your cost is around 0.10 - 0.11, you don't need to be so panic, just keep for some times, any day the price hit 0.13 - 0.14, you can make 30 % returns also.

Today's price movements have given a clear indication that the price will be hovering around the right issue price on 20 Feb, 2020.

The cost of ICON for all shareholders after consolidation of 50 to1 and rights issues at 0.105, is around 0.105 less the the price of warrants.
It means all shareholders ( major shareholders and retailers) are almost the same, so if the shares price drop to 0.07 - 0.08 ( which is unlikely in the first week of listing), those who want to buy and hold with a profit target of
20 - 30 % can try.

Let say 25 % of the total shares issued
= 2.3 billions x 25 % = 575 millions are in the hands of the retailers, if they push up 10 sen, they have to pay additional 57.50 millions, if they push up 20 sen, they will have to pay additional of 115 millions.

@ Mabel, you are always welcome.
For those who owned and subscribed to the right issue, if the price hovering around 0.10 - 0.12, you may have to hold for sometime until you get a better returns.
You have to average down if the price drops to 0.07 - 0.08 , which is unlikely.

What is important for shareholders to consider before they invest ( for medium to long term ), they must have the knowledge of the company's financial position, the capability of the management, the future prospects etc.

After the completion of the Right issue, ICON is temporarily out of financial difficulties. All shareholders can be considered new shareholders.
Anyhow, we will know the price on within the next few days.
On the first day of the listing of the right issue shares, most likely the price will be hovering around the right issue price.

From the announcements made by ICON,

the company actually hoped to raise maximum amount of RM 247.21 millions, but they received oversubscribed amount of RM 296. 33 millions ( 247.21 m x 119.87 %) for Right Issue which is 19.87 % oversubscribed ( 296.33 m ÷ 247.21 m ).

The minimum amount which Icon hoped to raise was RM 183 millions.
So, the right issue was oversubscribed by 61.93 % ( 296. 33 m ÷ 183 m) .

It means the right issue was oversubscribed.

As a shareholder of TAGB , you have 2 options :

1) accept the offer of 0. 28 per share, or,

2 ) accept exchange of shares with New issue of TA ENT shares at the ratio of 1 TAGB share
for 0.4211 new TA ENT share. It means if you have 1000 Shares of TAGB shares, you can get only 421 new TA ENT shares ( 1000 x 0.4211 )
So, 0.4211 x 0.665 is = 0.28.

In conclusion, you will get the same value or amount either you choose option 1 or option 2.

Sslee, good idea, but looking for others for better returns.

I have invested at an average below 0.24, around 20 % profit in 2 years is OK, but will vote to block the deal.

The main reason why TAGB does not comply with the public shareholdings spread is due to the main shareholders have accumulated multi millions of shares in the open market over the last few years. we can see that in the announcements in Bursa Malaysia.

HLCAP was traded below 1.0 before it was taken private.
It was very lucky that one of the major shareholders, DR YEO from YNH blocked the deal. The share OF price HLCAP was subsequently pushed up above 19.00 and then dropped a bit before it was taken private.
So the minority shareholders should be united and strong enough to block the deal to take private.
TAGB was split out from TA ENT in year 2009, since listed the price dropped fr3 below 0.60 all the way down to below 0.30 after 10 years listing.
What is the purpose of slipt out ot TA ENT and after 10 years, TA Ent take back again. Why the major shareholder never gi3 chance for minority shareholders, NTA is 0.59 without taking into account the lands and properties serounding in KLcc and IMBI areas. Without revaluation.

@ Carpophorus,
If the right issue is just 2 for 1 without shares consolidation , the Theoretically ex price will be
( 0.105 + 0.105 + 0.035) ÷ 3 = 0.0816667
( without taking into account the free warrants), it means the reference price on the first day after ex will be 0.08 ( rounding up).

Those who bought before ex date can only sell the 100,000 shares they have in their cds account. The 200,000 shares from the right issue can only be sold after right issues have been completed and the 200,000 shares have been credited to their Cds account which may take few weeks later.

@ Mabel, you are always welcome.

After right issue, Icon is temporarily OK for the next few months to a year. The cost of investment for all shareholders are almost the same, i. e 0.105 less price of warrants.
So, after the listing of new right issue shares, if the retailers have the holding power and want to recover back their losses in this counter, they can average down if the price drops to 0.06 or 0.07 within the next few months.

Icon before this right issue was a gone case. All shareholders suffered losses. After the right issue completed, all shareholders start a new game.
The price of the new ICON shares depends on the capability of the management, crude oil price, the ability to get better contracts and other factors.

@ Carpophorus, you may need to read through
the relevant comments made by the i3investors since 20 Jan 2020 for your benefits.
Those who bought 100,000 shares before ex date and can sell 100,000 shares after ex date must be God's chosen one, may be you are the chosen one.

What is the difference between
1) Right issue with consolidation of 50 become 1 and followed by Right issue of 100 for 1.

2) Right issue. without consolidation of 50 become 1 and just 2 for 1.

The main reasons are as below

Assume a retail buyer owned 100,000 shares before consolidation of 50 become 1
, and his cost of investment = 100,000 x 0.035 = 3500

After consolidation of 50 become 1, if the retail buyer does not subscribe to the right issue and he sell his shares after ex date between 0.20 and 0.90, he can get back

a) ( 100,000 ÷ 50) x 0.20 = 400

b ) ( 100,000 ÷ 50) x 0.90 = 1800

so, he can only get back between 200 and 1800 only.
If he sell after the listing of right issue shares, may be he can only get back
( 100,000 ÷ 50) x 0.10 = 200 only.

So we can see that the retailer can only suffer loss. It means if the existing shareholders want to continue to play, they must pay new money to play the game.

2 ) if no consolidation of 50 become 1 and just right issue of 2 for 1 at 0.105 ( just leave free warrants issue aside). Most likely all the retailers will not subscribe for the Right issue, and the major shareholders, banks and the underwriters have to pay. Say the listing price after right issue completed is 0.10, the shareholders with 100,000 shares can sell all at 0.10 and get 10,000 campared with his original cost of investment of 3500, his gain is 185 % or
6500 ( 10,000 less 3500 ), in this case all the retailer buyers will be laughing.

Congratulations to those who have bought around 0.185 - 0.19
at the end of Sept 2019, you have unrealised profits of 160 %.
If you have bought 100k at 0.19, you would have made 300 k just within 5 months.

All are welcomed to share their views, we are all small retailers, we are lack of privilege and crucial informations.

Sapnrg has shares issued of around 16 billions.
If PNB dare to push down to 0.5 cent, it means the total market cap for Sapnrg is 80 millions only. ( 16 b x 0.5 sen ). Tan Sri will be very happy to acquire 51 % ( around 41 millions ), his one year remunerations of 72 millions is almost doubled the amount he invested.
May be many others big kaki are very eager to join in also.

The whole picture is clearer now, especially if the Icon share price close around 0.60 this afternoon and tomorrow trading between 0.60 and 0.40.

Icon shares available in the market after consolidation 50 become 1 is only around 23 millions. Those who were brave enough and bought around 0.20 - 0.24 had already taken profit or cut lost. Those who had bought 0.30 and below most likely all sold out before 0.42. Those who bought last Friday may not be able to sell today because they do not have free balance of shares in their Cds. Those who purchase today even they have paid, they cannot sell the shares because no free balance of shares in their Cds.

All right issue must have underwriters. If the right issue is under subscribed, the underwriters will take up the balance not subscribed.

Fot the case of consolidation and oversold by the retailers, teoct has explained clearly.

What we are not certain is we are not sure whether the major share holders want the retailers to subscribe or not to subscribe to the right issue.

If Icon were to be given huge contracts and become very profitable, then they will make the retailers to sell the OR FORMS.
IF the prospect for ICON is not good then they will make the retailers to subscribe to the right issue as I have explained before.

China has good experience in handling SARs in 2003 and 2014 - 2015 EBOLA outbreak in Africa.