I’d say, dont fall for the induced panic

tean2020 something is definitely up. This makes completely no sense.

Companies that show poor revenue and profits can limit up day in day out lol

A company that churns out respectable profits during the current conditions is worthy of serious attention

Judging by the performance, this is one counter you can hold

Something is brewing:)

Play the long game with tenaga

Wut it didn’t drop to 50 sen…? i was waiting for a discount. :p

Pp buyers here are not aunty uncker retailers

Makes sense. pp buyers will hold. If they unload at once they’ll be facing losses which would be silly.

What are the names of the companies that will manufacture the vaccines? I assume these are highly capable and sophisticated companies. Did they issue a joint press release?

What this company is doing is almost comical…

This counter cant seem to stay too far from the 30sen zone for very long

Multi-bagger in the making

Can’t believe a listed company can resort to this

Even at WORST CASE scenario and the TP stalls at RM1.50 (random example) for many moons due to the high NOSH, considering that you can get it at below 80 sen today, it’s still an extremely good load up and hold opportunity. I seriously doubt this counter will tank anytime soon at the rate the company is working.

If you were waiting for it to drop, it’s too late

Steady… your patience will be rewarded

Quick dump, so those who play the long game can collect the rewards

Tomorrow’s announcement - they have an MOU sourcing rocket engines for SpaceX…. :p

At this point it’s just gambling

Tomorrow gap up

You know you can invest in more than one counter right? :p

Banking stocks are not short term goreng counters.

No growth mentality

Great results. Dont always need latex products to make billion ringgit profits :p

It will rebound not long after, dont worry

In developed markets listed companies are very worried about share prices. Here, directors of many companies just want to goreng.

It’s starting to feel like this is an empty shell company

Yeah, they should wait till the stock got more bullish. This is poor strategic thinking. A company should build confidence and they should be aware of how their actions will be perceived by investors.

Why isnt this counter doing better?

Thats right omega. I notice in these forums people always use ESOS issues to create fear in innocent others.

Esos is an incentive to stay and build the company, not as a lottery ticket to random staff

It would be odd for management to give esos, let the staff sell them for hundreds of thousands right away and then have the freedom to resign the next day

One was a poorly run business pretending to do well while the other is a functional business with some hanky panky happening.

If i read it right, this is an ESG issue involving a vendor contract award and the losses have been accounted for. Transmile I believe was largely an accounting scandal that involved heavily manipulating the numbers to mislead shareholders. That’s more than a subtle difference imo.

Esos at such a low price. But usually esos shares vest at a future date right? I.e. they wont be able to sell them immediately, like they’ll have to be further employed for a certain number of years before they can fully take control.

How low can this go?

This company jumped the shark with the vaccine story

Steadily rising…

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MALAYSIA STEEL WORKS (KL) BHD ("MASTEEL" OR "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 226,369,915 NEW ORDINARY SHARES IN MASTEEL ('RIGHTS SHARES") TOGETHER WITH UP TO 226,369,915 FREE DETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ON A FULL SUBSCRIPTION BASIS ("RIGHTS ISSUE WITH WARRANTS")
MALAYSIA STEEL WORKS (KL) BHD
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description MALAYSIA STEEL WORKS (KL) BHD ("MASTEEL" OR "COMPANY")
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 226,369,915 NEW ORDINARY SHARES IN MASTEEL ('RIGHTS SHARES") TOGETHER WITH UP TO 226,369,915 FREE DETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ON A FULL SUBSCRIPTION BASIS ("RIGHTS ISSUE WITH WARRANTS")
Unless otherwise redefined, the definitions set out in the earlier
announcements in relation to the Rights Issue with Warrants shall apply in
this announcement.
M&A Securities Sdn Bhd on behalf of the Board is pleased to announce that
the Board has resolved to fix the issue price for the Rights Shares at RM0.586
per Rights Share, and the exercise price of the Warrants at RM0.586 per
Warrant.
The issue price of the Rights Shares and the exercise price of the Warrants
were determined by the Board after taking into consideration, amongst others,
the following:
(i) the historical share price movement of Masteel Shares;
(ii) the 5D-VWAMP of Masteel Shares up to and including 5 May 2021 of
RM0.7810, being the market day immediately preceding the date of this
announcement; and
(iii) the theoretical ex-all price of Masteel Shares of RM0.6835, calculated
based on the 5D-VWAMP of Masteel Shares in (ii).
The issue price of the Rights Shares and the exercise price of the Warrants
represent a discount of 25.0% and 14.3% to the 5D-VWAMP of Masteel Shares up
to and including 5 May 2021 (being the market day immediately preceding the
date of this announcement) of RM0.7810 and the theoretical ex-all price of
Masteel Shares of RM0.6835, respectively.
Premised on the above, the Board is of the view that the issue price of the
Rights Shares and the exercise price of the Warrants are fair.
This announcement is dated 6 May 2021.
Announcement Info
Company Name MALAYSIA STEEL WORKS (KL) BHD
Stock Name MASTEEL
Date Announced 06 May 2021
Category General Announcement for PLC
Reference Number GA1-06052021-00118

This is a great example of being greedy when others are fearful heheh… congrats to those who dared

I’m not positive about this lol

The signs are good… this did well despite the bearish mood today

1.07m shares issued under ESOS

The next dataprp and tocean?

Only contra players and day traders are stressed here. Long term hodlers are sitting back and watching the show.

MCO 3.0 is not helping. Just be patient

The market just got bloodier with mco 3 in KL

It will fly the moment people cutloss