lol wind up then no need to resign liao
Halim maybe need money to buy UEMS hahaha, his old lover

hahaha, tomorrow should have another announcement that Halim disposed 250m~300m shares on 19th Jan

I think Halim almost finish selling his stakes
left all the punters inside this counter to gamble for 100% gain

hahahah, the volume most likely caused by Halim, every month sell 90~100m, by April he can finish selling his stake and sumatec get delisted

halim just disposed 54m share @ 1cent yesterday
and i doubt that sumatec even have 4.5cent per share nta
anyway i've already cut at 2.5cents, just in time to run
i've lost my faith after the recent quarter showing it has 0 revenue
i don't see how it can come back at all
with the current price, how much fund can it raise through pp or ri?
this company is dead

if the high volume yesterday was because of halim disposed, those who're still holding better dispose it
i recalled someone was saying that the company still got nta 10cents per share, i doubt that the 10cents per share including their existing lawsuit
do remember that sumatec is still under several lawsuit, if they lose (which is very likely will happen based on the fact that halim is disposing), they'll have to sell all their asset to settle the debt

volume is not even 100mil, how is this a high volume?
itu sapnrg panggil high volume la

anything below 6.5cents is just dead cat bounce for now

sudah cakap lah, the oil they korek is cooking oil, use to goreng share price one
hahahahaha

itu 1500 bbl/d oil sudah pakai to goreng the share price liao
that's why don't have enough oil for revenue
hahahhaa

lol only 1.492million revenue

@JokerT
brain damaged don't simply comment around la, sudah 4.30pm, where is the tsunami?

wait for force selling first~

tomorrow break 9c test 8.5c to screw those contra
huat ahhhhhh

speakup, you're the shame to i3 lul

RIP for those who contra

those play contra better be careful, if you don't cut today and wait until friday, the big boys will slice your throat kaw kaw, assume monday high volume = T+0

0.045 coming?

it's testing the 5.5c support which was the previous resistance, good luck to those who contra

if the coming qr is bad, I wonder how can Sumatec convince shareholders to subscribe their right issue

actually R1 was 5.5c & R2 is 6.5c
R1 broken, R2 is a little tough to break for today
we'll see if the 5.5c support can hold for now

hahahahaha I wonder who managed to follow speakup's call
his comments appear to be inconsistent all the time

7 cents is still a very strong resistance la
where got so easy to break eh, just be happy that it rise from 4.5cents to 7cents in a few days time la
up too fast later roller coaster baru scary

mrcb right issue 1:1, the mrcb-wa conversion price revised from 2.30 to 1.68.
The moment when they announced 1:1 right issue, you should sell this doom warrant.
it sounds good that the exercise price drop from 2.30 to 1.68, but the problem is now the number of share also doubled, but their profit does not double, in terms of PE ratio, it's much expensive than before. After the ex-date, the price will likely be around rm1 +- 10cents. It's hard for them to reach rm1.68 by 2018-Sept (the expire date of this warrant). Don't forget there's a new fresh warrant coming, which is mrcb-wb, people mostly will goreng that one instead of this old washed out warrant.

we should mark supermx2's word ...
whatever he said, just do the opposite to make money
hahahhahahaha

I think mrcb par value is rm1, so their right issue should not be lesser than that, please correct me if I'm wrong.

any idea when is MRCB going to give out the 2.75sen dividend?

worst case just exercise the warrant @rm2.30 next year
but I reckon most retailers are punters and they don't have sufficient cash to do that, so ended up will just got burnt

management mentioned next year only will dispose menara celcom
EDL still in discussion
in short, nothing new from today's AGM

drop prior to AGM...
anyone going to the AGM?

frankly it won't go to rm1, else they won't be raising enough fund for their projects, worst case also rm1.27 as they were targeting to raise rm2.1b.

very unlikely to cancel since EPF agree to subscribe

I'm amazed that the MD claimed that this is "good sets of results"

http://www.theedgemarkets.com/article/mrcbs-1q-net-profit-more-doubles-rm1046m

most people don't read this in the announcement "for illustration purpose", it can be higher or lower...

below 10 cents soon, wonder how are those warriors now

the RI kills all the short term punters
welcome to the crocodile lake

and you guys thought 13 cent was a good deal

my condolences to those who shout to buy mrcb-wa 13cents and those who followed

gap down & bearish engulfing, if it breaks 1.5, it will back to hibernation mode like the past few years

http://www.theedgemarkets.com/article/mrcb-announces-cash-call-proposal-raise-rm286b

KUALA LUMPUR (May 17): Malaysian Resources Corp Bhd (MRCB) announced this evening that it has proposed a one-for-one renounceable rights issue to pare down its borrowings and to finance the refurbishment of the national sports complex in Bukit Jalil.

The cash call, which will be sweetened by free detachable warrants on one-for-five basis, will raise between RM2.17 billion and RM2.86 billion.

As at end-2016, MRCB’s total bank borrowings which has an average annual interest rate of 5.6%, stood at RM2.94 billion. Meanwhile, the group's cash balance was at RM592.77 million.

According to MRCB, the proceeds from the rights issue will be used to finance the refurbishment of the national sports complex in Bukit Jalil, besides paring down its borrowings and developing new property projects, as well as for general working capital.

In a filing with Bursa Malaysia, MRCB said it intends to issue up to 2.86 billion in rights shares, together with up to 571.34 million free detachable.

The group’s two substantial shareholders — the Employee Provident Fund (EPF) and Gapurna Sdn Bhd — have given the undertaking to subscribe in full for their entitlements. The duo may apply for excess rights shares.

Both EPF and Gapurna are applying to authorities for exemption from the obligation to undertake a mandatory offer arising from the application for excess rights shares under the proposed rights issue, as well as the subsequent exercise of the rights warrants into new MRCB shares.

EPF currently owns a 33.55% stake in MRCB, while Gapurna — the private vehicle of MRCB’s group managing director Tan Sri Mohamad Salim Fateh Din — owns a 16.78% stake.

Meanwhile, Bank Kerjasama Rakyat Malaysia Bhd and pilgrim fund Lembaga Tabung Haji owns 7.92% and 8.17% respectively.

On the amounts to be raised, MRCB said it has earmarked some 45% or RM975 million which be paid to its 85%-controlled subsidiary Rukun Juang Sdn Bhd, held via MRCB Land Sdn Bhd.

Rukun Juang had on Oct 28, 2015 signed a privatisation with the government — Ministry of Youth and Sports and Syarikat Tanah dan Harta Sdn Bhd — to refurbish and upgrade facilities at the national sports complex in Bukit Jalil.

“The proceeds to be raised from the Proposed Rights Issue are intended to be advanced to RJSB to finance the Privatisation of the national sports complex,” MRCB said.

At the same time, MRCB will set aside some 38% or RM826.32 million to repay its borrowings to financial institutions that include Affin Bank Bhd, Affin Hwang Investment Bank Bhd, RHB Islamic Bank Bhd and Malaysia Building Society Bhd.

“The repayment of borrowings amounting to approximately RM826.32 million is expected to result in an annual gross interest savings of approximately RM46.69 million to the company, under both the Minimum Scenario and Maximum Scenario,” MRCB added.

MRCB also said it plans to set aside between 11% or RM233.04 million and 32% or RM916.9 million from the total proceeds, to fund its property development and construction projects which include Lot 94 in Jalan Kia Peng, Lot F in Kuala Lumpur Sentral, Phase 2 of 9 Seputeh, and Sentral Suites.

MRCB shares closed at RM1.74 today, for a market capitalisation of RM3.79 billion.

good luck to the current warrant holder since there're new warrants coming

Mohd Fahmi Bin Jaes you've been asking to sell since it was rm1.2+
what's the price now?

I doubt mrcb has enough fund to eat up the whole bandar malaysia
let's hope that this will not impact the transportation hub mou

6.5 cents broken, 5 cents incoming?

http://www.thestar.com.my/business/business-news/2017/04/04/mrcb-plans-tieup-with-adani-realty-for-india-job/

it will be better if they can reduce the gearing to below 0.3 instead of giving special dividend

yea, market so bullish
only this guy still sleeping in jamban hahahahahah

if they can consistently develop building and sell it for profit, it's good enough
it's hard to judge from quarter result and the so-called one-off gain.
CIMB Research said the next property to be disposed of is likely to be the Celcom Tower as soon as the building is completed.

net gearing has been reduced to 0.73, hope that they can further reduce it to 0.4+ as advertised

short term support 1.46 broken, next level of support 1.41
might consolidate around this level before quarter result

sorry my bad, it will be adjusted accordingly, it's just that you will lose the right to subscribe the right issue if you do not hold the mother share, sorry for the wrong information