Bonus issue.... still have not decided the ratio....

Bonus issue 1 for 3 to comply new companies act?

Why no dividend??

major shareholder link to white rajah of Sarawak. same surname with the founder Mr. Peh. Are they related?

Then major shareholder privatized at 20 cents, everybody happily let go since their cost is only 10 cents, make 100% return.

maybe 10 cents...

maybe 20 cents...

ya, maybe will drop back to 30 cents.

ai yo, please propose a 10 sen dividend, then the share price will fly liao...

Up .... excite

ya, why no dividend one? Tongher has a long history of paying final dividend... how come this year tiada?

I am still waiting for its latest qtr results.... cannot decide how much to pay?

couldn't figure out how much to pay for the final dividend and hence delay the Board Meeting to the last date of February for FYE 31 Dec 2016 financial results? At least 10 sen please.

40% return in two weeks time... what else to ask for?

Mistake. 27 Feb 2017. Announcement of 4th Qtr and full year results.

Expect another 10 sen dividend come 27 January 2017?

Wouldn't it more direct to buy MBMR and DRBHcom if Perodua Bezza and Proton Ertiga are selling like hot cake as you claim?

Just curious, KINGV, are you having a sizeable block when you suggest MCE is a good candidate for take-over and privatization and share buyback scheme?

I am not sure if the current price is depressed enough or there are enough depressed shareholders to continue to let go their share at current price or lower.

Good financial health in terms of NTA but it's the free cash flow they're able to generate over the mid to long term that counts.

Since the market capitalisation is just below RM30mil, a 5% stake is only RM1.5 mil. Why isn't many people spot this "gem" if it's so grossly underpriced or undervalued? Are people mispriced this stock? or wrongly valued the Company?

Maybe by writing to the Board and ask them to consider putting an agenda for share buyback will be more pragmatic instead of rationalize the reasons here? AGM is somewhere Jan next year. It's not too late to write to the Board for additional agenda NOW.

Some observation:

1)The current published nta is RM2.05 while the market price is RM0.66 .The nta is more than 3 times the market price. Any purchase at current price will enhanced the nta of the existing shares.
2)You do not require a big sum of money to buy and support the share at current price. At the current price of RM0.66 the market capitalization is just below RM30 million. An allocation of RM3 million will allow the company to buy back around 10% of the outstanding shares.

>>The Company may have problem continued their listing if they do share buyback as they may not be able to fulfil the minimum listing requirements of issued and paid up capital of 40 mil shares if some shareholders are depressed enough to offload their holdings at current or lower price.

3) The market for this share is not liquid at all. As such any sudden 'big' purchase/sale will have a 'big' impact on the share price. Under such circumstances, the buyback scheme will come in handy when someone wants to liquidate his/her holdings due to his/her personal need of money. As an example you notice that the share of Yilai is very steady at around RM0.85 due to the company's buyback scheme. You will also notice that the gap between the nta and the market price of Yilai is not that drastic.

>>If someone want to liquidate their share at fire sale price, why should the Company be benefitted of such acts? Why not people like you and me who believe in the Company and to be profited handsomely of other people foolishness? I dun understand the logic. The Company's business is to drive the Company's revenue and improve margin. The share market and share price thingy leave it to market participants like you and me. Leave the Company alone.

I do not think that market and fundamentals are mutually exclusive. I am inclined to believe that improving/deteriorating fundamentals set the trend of the price movement. It is the directors and/or syndicates who overplay the trend. Unless you are very good with technical analysis or have insider information like some of the privileged brokers, many will in the end be caught and overtime disappear from the market. Nothing beats the analysis of the fundamentals and prospects except situations when you have directors without principles and morals

>>I am not good in technical analysis. In fact, I knew zero about TA. I always buy expensive and sell too early. But at least I profit from other people's foolishness. I don't like the idea of Company competing with its shareholders in buying their share. I like to take advantage of other people craziness or foolishness.

I meant not to offend anybody here. I will prefer if focus to be placed on the Company's performance and not the share price.

Share price wise, I wish not to comment. If the performance is good or improvement can be seen, share buyback scheme is redundant. In fact, if one is confident in the Company's prospects, one should instead take action in the market than urging people to buy into his/her belief in the Company based on fundamentals. Market and fundamental are two separate and distinctive things. Most known the latter while the former requires extraordinary nerve and temperament. No wonder so few investors can become or graduate to be super or great investor.

Their AGM will be somewhere January next year. Based on the past records, they would likely host it at some hotel in Johor Bahru again. Unless they wish to meet shareholders outside JB, or location where they own a factory/office i.e. Klang, Port Klang etc.

Mr. Lim only owns a fraction in the Company, 700k+ shares or 1.6%? I will assume that his shareholdings in the Company is relatively immaterial to his remuneration. It is not easy to make the Company great given the headwinds faced by the industry and external woes due to depreciating Ringgit.

However, it will be great if the Management can share the % in their revenue, made up by OEM and After-Sales market respectively. I only noticed that they would announce contracts secured with local automotive companies (which is quite impressive) and I assumed that it is mostly OEM. How about After-Sales segment which is recurrent in nature and should enjoy higher margin based on the information gathered from APM, NHFatt or MBMR. Would love to listen if anybody can share more info.

They have ambitious plan to develop medical centre at Setia Alam. The land is good since it is next to the Setia City Mall. But with Dr. Goh KC alone, and without a team of professionals possessing the necessary knowledge in Managing a private hospital, I am doubtful of the execution part. Maybe that's the reason why after almost 2 years since the incorporation of a subsidiary to own and operate the hospital project still nothing concrete to share with shareholders.

For those who own the share, attending the AGM and questioning the Board and key executives will be much useful, meaningful and helpful towards your investment in MCEholdings. Executive Director Mr. Lee Ming Kee will turn 58 next year. His ability to drive the Company is very important. He is also sitting in a PLC to be listed soon as an Independent Director. Not too sure that will dilute his time towards managing the Company.

The beauty of owning a 51% stake in the Company is that you paid half the price to own 100% resources. All the "value traps" like high NTA, PBA etc are just illusion unless you have the mean to take over the Company and unlock the value. Or else, it remains look good on paper.

Yes, 1% of dividend payment only cost RM444,000, and large portion goes to the major shareholder. The major shareholder only own less than 40%, which work up to be less than RM170,000. For what? May as well retained in the Company.

With the imported intermediary products made up 70% of their cost of inventory made up in the depreciating ringgit environment, it is tough to make profit due to the margin issue.

ya, today started flying...

The Management is not that impressive...

When the time pass, and inching closer to the proposed date of Mid January, deal or not deal from Autajon?

As expected. Let's see how sustainable is their remarkable earnings from Q1 & Q2...

If BoD don't agree, then no deal.

Not sure at RM98 million, the Board of Director will agree to the deal or not... fall below their expectation.

I expect the 2nd qtr results to be out only in the 3rd weeks of the month i.e. 14 to 18 Dec.

+ - 10%?

RM98 mil?

Have to wait till mid of Jan 2016.

I will like to see Keinhin to go further down. It will be good it can go 50% down to 40 sen.

correctly predicted the ugly results :)

news is coming... another 4 more days. Whether good or bad, let's pray.

what I was saying that for an immediate biz foothold in Asia, 21mil euro is not too expensive for Autajon to pay. I like the fact that none of the major shareholder is disposing their share. Even if Autajon is not buying, the major shareholder is destined to sell Komark's biz.

RM100 mil equal to Euro 21.4 mil.

He just said he should have sold parkson at rm8, or maybe rm7 or even rm5....

Manage to pick up some at 1.72 today :)

The high amount of USD borrowings are in the form of trust receipts. They receive USD from their customer to pay the trust receipt.

Revenue up 7% qtq. Profit down was contributed by 1) associated loss 4.0 mil (non-cash item); 2) forex loss at 1.7 mil (non-cash item), 3) not sure why other income has become other loss, differences about 1.3 mil. If took out all the above, Tongher could register a profit of around 7 mil. only about a million less as compared to the corresponding quarter in the preceding year.
In fact, Tongher did quite well in fact considering that the average nickel price has down more than 18%, since Q1.

how can EPS be doubled when the issuance of shares diluted the earnings?

huge losses, but cashflow Improved...

City of London also find it hard to collect more than 20%; a lot of diehard shareowner in this stock, as long as they dun sell, the catalyst to unwind icap won't appear. City of London needs more shareowner to 'scricife' and sell the share to them. So that, they can fulfil their dream - unwinding icapital for its big cashholding...

Counting down the D-date 6 July 2015...

Does the Board require mandate from shareholder to do extension? If not, then they can extend to many many decade as they wish...