after X...its left with 17.4 cts (assuming you buy at 85), The NTA still has 55.5 cents....its stake in E&O is already more than double that of 17.4 ! It also has stakes in Ancom & pelikan.

Paying back 67.6 cents worth of cash & shares.....close both eyes & buy !

Robert, immediately after X date, you can sell your bonus straight away under Bursa's SCORE system. The warrants will be quoted at a later date.

KevLui...confirmed....you must buy back today to avoid Bursa action t'row.

huge loss ? you Q a lot yesterday ? because on buy-back day...it will push the stocks higher.

I doubt you can buy back & cover it. Bursa will do "Buy Back" for you after T+3 at 10 bits higher from closing price prior to buy-back buy Bursa.

I suspect they will not push for X date....but push after X date instead....because the paid-up capital by then is $3m+....and they have to dangle the carrot for the rights....

PN 17 candidate.....run for your life !

wao wao....looking forward to that !

X-date 26-12-12......add them up = 50, that's the X price closing on 25th....happened to be the exercise price of the new warrsnts at 25 cents !

Ha ha...ya....cheers wt222 ! To all....enjoy the ride !

run for your life...it has been pre-qualified to go into PN 17 !

Keep it for CNY run !

X date is 26th. All system goes. Good luck t'row !

Shirley, I like your thoughts...well written and deserve some applause !

WT.....BKT on the way ! ha ha

Can take it as the announcement will be out after 5pm !

My FEEL....if Ricky Wong fix anything above 30 cents....sell the stock straight away.

Ex Price will be 20 cents (X bonus)

just can't cross the 42.5.......very very strong resistance

operator finish feeding....

I prefer everyday up 1 cent....by the day before its X, ngam ngam 60 cents !

The Chairman said very confident of getting approval for transfer to main board by year end.....another sugar carrot on the way....

Just attended the EGM....everything approved...X date sh be out todya or t'row.

Plan completed 12-06-2012, rightfully should be submitting the application now...qualified for 2 quarters already. No idea whatthey are waiting for.....maybe waiting for Santa !

same old announcement....same words....looks like really have to cultivate a long neck !

opps...they just announced it :

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description LUSTER INDUSTRIES BHD (“LIB” OR THE “COMPANY”)
Monthly Announcement on the status of Regularisation Plan pursuant to Practice Note 17 of the Listing Requirements of Bursa Malaysia Securities Berhad












We refer to the announcement made by LIB on 25 February 2011 and the subsequent announcements in relation to its Proposed Revised Regularisation Plan.


Further to the monthly announcement made by the Company on 1 November 2012, the Board of Directors of LIB ("Board") wishes to inform that the Proposed Revised Regularisation Plan had been completed on 12 June 2012. Please refer to the announcement dated 12 June 2012 for further information.



LIB will make an application to Bursa Malaysia Securities Berhad for an upliftment from its PN17 status upon recording a net profit in two (2) consecutive quarters immediately after the completion and implementation of the Proposed Revised Regularisation Plan.










This announcement is dated 4 December 2012.





Copy to:
Issues & Investment Division
Securities Commission
No. 3, Persiaran Bukit Kiara
Bukit Kiara

You are right....its already 2 quarters. Every 1st of the month, the sick patient has to announce its health status to the public. For December 1st till now....it has yet to do so....& its in this announcement that we will know if it has applied to get out of the hospital !

I'll be early having my breakfast at the shops opposite the hotel....the mamak necx to 7 Eleven. You can come join me if you want.

I'm going.....they fixed it so early...9.00am !

It comes with LUST....ha ha !

After t'row's EGM....X Date will be fixed...it will shoot pass 42.5 strong resistance....and going for 60 !

They still have to announce it...maybe today or t'row...I read it as they should be preparing the papers....taking some time to sort out the fugures to submit the application...let's hope that delay can turn out to be good one in the end.

3rd december passed, still no announcement on its PN 17 status....fishy !

Go to the EGM...have nice tea....then decide !

better change name from Luster to Faster...ha ha !

its 5 to 1. Followed by rights and free warrants. At current 5 cents...its buying a dead duck that will come alive after that ! That's one way of making $ in the mkt......
Imagine those who bought at 52 cents at IPO days and still sitting there now...u go see the top 30, some are bosses of solid counters....what does that tell you ??

Skyfall ? Ask James Bond for help !

real skimmer

in no time...it will enter the PN 17 cage....

Buy & go thru the corporate exercise...u won't regret !

Not bad...announcing early and its a profit..qualified to get out of PN 17....takes 2 weeks after application.

Matikudasai... 10 become 1 (par value becomes 10 cents)..then to raise $3.1b means need to pay 90 cents (9 to 1)for the rights issue to let the blood flow again....technically in PN 17...this exercise will be long & "painfull".....

Let's go play golf....Chris...where do you normally play ?

risk of suspension is getting real now....

MBf Holdings Berhad ("MBfH" or "the Company") wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had on 23 November 2012 rejected its application for a further extension of time of nine months from the date of completion of the proposed disposal by the MBfH Group of MBF Cards (M’sia) Sdn Bhd to AMMB Holdings Berhad (“Proposed Disposal”) to comply with the public shareholding spread. It is anticipated that the options available to make good the public shareholding spread are more feasible after the completion of the Proposed Disposal.

As the extension of time has not been granted, Bursa Securities may:-

a. Take or impose for a breach of paragraph 8.02(1) of the LR any type of action or penalty pursuant to paragraph 16.19 of the LR; and

b. Suspend trading in the securities of MBfH pursuant to paragraph 16.02 of the LR.

MBfH’s current public shareholding is 11.29% and its request for extension of time was to allow Tan Sri Datuk Dr Ninian Mogan Lourdenadin (“Tan Sri Mogan”) to place out his shares so as to enable MBfH to comply with the public shareholding spread requirement. Tan Sri Mogan has beneficial interest over 497,412,351 MBfH shares representing 86.14% of the issued and paid up share capital of MBfH, held through Tor Private Limited, Nadin Holdings Sdn Bhd, Impact Action Sdn Bhd and Market Share Investments Limited.


As of to date, the Company has yet to formulate a rectification plan. The Company is in discussions with an Investment Bank to advise on the rectification plan and will make the appropriate disclosures once such plans are firmed up.





This announcement is dated 26 November 2012.

Bursa getting tired :

MBf Holdings Berhad ("MBfH" or "the Company") wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had on 23 November 2012 rejected its application for a further extension of time of nine months from the date of completion of the proposed disposal by the MBfH Group of MBF Cards (M’sia) Sdn Bhd to AMMB Holdings Berhad (“Proposed Disposal”) to comply with the public shareholding spread. It is anticipated that the options available to make good the public shareholding spread are more feasible after the completion of the Proposed Disposal.

As the extension of time has not been granted, Bursa Securities may:-

a. Take or impose for a breach of paragraph 8.02(1) of the LR any type of action or penalty pursuant to paragraph 16.19 of the LR; and

b. Suspend trading in the securities of MBfH pursuant to paragraph 16.02 of the LR.

MBfH’s current public shareholding is 11.29% and its request for extension of time was to allow Tan Sri Datuk Dr Ninian Mogan Lourdenadin (“Tan Sri Mogan”) to place out his shares so as to enable MBfH to comply with the public shareholding spread requirement. Tan Sri Mogan has beneficial interest over 497,412,351 MBfH shares representing 86.14% of the issued and paid up share capital of MBfH, held through Tor Private Limited, Nadin Holdings Sdn Bhd, Impact Action Sdn Bhd and Market Share Investments Limited.


As of to date, the Company has yet to formulate a rectification plan. The Company is in discussions with an Investment Bank to advise on the rectification plan and will make the appropriate disclosures once such plans are firmed up.





This announcement is dated 26 November 2012.

Sounds like we are in Thailand ! ha ha !

Totally agree...golf wd be better but the weather also not that kind !

EPS 1.68 cents per quarter over par value of 10 cents is a very good earnings standard. Some bosses like to reward shareholders with dividends, in this case, it rewards shareholders with bonus shares & warrants, a very generous one as well.I would rather buy good shares that has play in it rather than good shares that has no play. Capital gains is what we are after end of the day.....we must not be restrictive but be flexible and explore all stocks that has potentials, we may not be right all the time but as long as we are happy with what we have traded, we will always end up being a satisfied trader.