MMAG HOLDINGS BERHAD

KLSE (MYR): MMAG (0034)

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Last Price

0.195

Today's Change

-0.005 (2.50%)

Day's Change

0.195 - 0.20

Trading Volume

915,500


17 people like this.

11,179 comment(s). Last comment by cK1973 1 day ago

cK1973

1,527 posts

Posted by cK1973 > 2023-12-29 14:14 | Report Abuse

wait at 1c again....
super penny ma

Posted by LHT4216148 > 2024-01-02 15:23 | Report Abuse

hai i heard this stock announce right exercise?? Should i subscript on this exercise or just leave it there do nothing? If i subscript will i get more fund or stock units ?

Posted by Chinoise > 2024-01-02 16:42 | Report Abuse

Wow.. Sudah jalan. All aboard!!! 🚢

CharlesT

14,572 posts

Posted by CharlesT > 2024-01-02 17:07 | Report Abuse

Finally Victor wake up n do some warm up today

Mie7677

50 posts

Posted by Mie7677 > 2024-01-02 17:50 | Report Abuse

Sudah bangun, esok adakah akan berlaku gorengan, kita akan lihat...

CharlesT

14,572 posts

Posted by CharlesT > 2024-01-02 19:25 | Report Abuse

The return of Boon Long....

Long time no see his presence in BOD....

Got big tea rice coming ah??

CharlesT

14,572 posts

Posted by CharlesT > 2024-01-03 08:48 | Report Abuse

The return of Long Long

AMIRUL

75 posts

Posted by AMIRUL > 2024-01-03 09:17 | Report Abuse

02/01/2024 CHIN BOON LONG Acquired MMAG 32,362,480 shares

651158

2,378 posts

Posted by 651158 > 2024-01-03 09:35 | Report Abuse

谢谢 MMAG 给我个大红包今年

651158

2,378 posts

Posted by 651158 > 2024-01-03 09:36 | Report Abuse

who get the profit faster run lo if not drop back again like yesterday pusakpg

CharlesT

14,572 posts

Posted by CharlesT > 2024-01-03 09:44 | Report Abuse

Now goreng goreng pushing up the price hoping some may subscribe the Rights at 0.10.

Anyway, b4 the listing of 6 times new rights share on 20 Jan prices likely will drop back to 0.10....or even lower

Good luck

zhang

171 posts

Posted by zhang > 2024-01-03 09:58 | Report Abuse

龙年龙哥来

zhang

171 posts

Posted by zhang > 2024-01-03 09:58 | Report Abuse

HOOT 9E

Winer21

913 posts

Posted by Winer21 > 2024-01-03 10:26 | Report Abuse

Its going up sky. Soon ..

Winer21

913 posts

Posted by Winer21 > 2024-01-03 10:27 | Report Abuse

Tomorrow 30 cents

651158

2,378 posts

Posted by 651158 > 2024-01-03 10:28 | Report Abuse

tomorrow drop back lo don't buy lo

Posted by whistlebower99 > 2024-01-03 11:19 | Report Abuse

FOR NEWBIES

More like big shareholders and sharks selling at today's manipulated prices (high of 0.18) to reuse the fund to subscribe for the rights shares at 0.10

=============
After rights issue fund raising, NOSH = 1,695,673,427 !!!
With about 726,717,183 warrants

More lucks needed when rights shares are listed on 23 Jan 2024

With continuation of multi quarter losses and multi year losses, price will eventually dropped below 0.10 !!!

CharlesT

14,572 posts

Posted by CharlesT > 2024-01-03 11:54 | Report Abuse

U need brain, balls n luck to outsmart the sharks n make money.....

Posted by EquityJourney > 2024-01-03 17:33 | Report Abuse

VC KV all goreng kaki is back, big bull for 2024...

Posted by EquityJourney > 2024-01-03 17:34 | Report Abuse

revenue hongseng classita also related

CharlesT

14,572 posts

Posted by CharlesT > 2024-01-04 09:23 | Report Abuse

It will go back to 0.10 soon....or even below 0.10 b4 23 Jan

Posted by whistlebower99 > 2024-01-04 21:18 | Report Abuse

FOR NEWBIES

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,453,434,366 NEW ORDINARY SHARES IN MMAG HOLDINGS BERHAD ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 6 RIGHTS SHARES FOR EVERY 1 SHARE HELD AS AT 5.00 P.M. ON 21 DECEMBER 2023 AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE, TOGETHER WITH UP TO 726,717,183 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

Acceptance and Payment 09 Jan 2024 05:00 PM
Excess share application and payment 09 Jan 2024 05:00 PM

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 15 Jan 2024

Available/Listing Date 23 Jan 2024

===============
Take note of important dates related to rights issue

Price might drop further after Acceptance and Payment date (9 Jan 2024)

Posted by Mermaid123 > 2024-01-05 08:49 | Report Abuse

👍

Rose001

36 posts

Posted by Rose001 > 2024-01-05 09:14 | Report Abuse

this youtuber did talk about this stock https://youtu.be/IMl8pExmui8
her analysis so far seems good. Not sure if i should join in her membership

cK1973

1,527 posts

Posted by cK1973 > 2024-01-10 16:06 | Report Abuse

jatuh hangus again....
1c in the making.....
horror movie la.....

scjm

2,491 posts

Posted by scjm > 2024-01-11 10:58 | Report Abuse

mmag have made 2 unsuccessful attempts to breakout 15 sen...this could be the third time in the making to do so

scjm

2,491 posts

Posted by scjm > 2024-01-12 16:18 | Report Abuse

pullback, good price to consider buy at 10-10.5

scjm

2,491 posts

Posted by scjm > 2024-01-15 09:52 | Report Abuse

done 10.5 and 10...am pleased then now sit relax and wait patiently

CharlesT

14,572 posts

Posted by CharlesT > 2024-01-15 10:00 | Report Abuse

Dont worry, I think at worst it may drop to 0.08 only

Posted by smartinvestor90 > 2024-01-15 14:55 | Report Abuse

0.01 strong support..after right issues..shark will goreng until LU..possibly rm1.00 TP target..enjoy...get this from my insider

cK1973

1,527 posts

Posted by cK1973 > 2024-01-20 15:28 | Report Abuse

going back to 1c.....
spender sold also not enough to cover.....

CharlesT

14,572 posts

Posted by CharlesT > 2024-01-23 09:19 | Report Abuse

Not bad. Those who bought the rights issues still earn peanut profit of RM0.01 now...RM0.095+ 0.5WC (Rm0.03)= Rm0.11

Posted by Lee Ying Yee > 2024-01-23 17:24 | Report Abuse

10 cons 1 after RI+w after up up up $19.5 ??

CharlesT

14,572 posts

Posted by CharlesT > 2024-01-24 07:57 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3414587

Looks like Boon Long n gang sapu 99% of the rights issues by their own.

Boon Long is now back to the BOD. I think he should have some goreng plan for MMAG.

Posted by whistlebower99 > 2024-01-24 10:27 | Report Abuse

FOR NEWBIES

(I) SHARE CONSOLIDATION

On behalf of the Board, TA Securities wishes to announce that based on the entitlement date for the Share Consolidation as at 5.00 p.m. on 30 October 2023 (“Entitlement Date”), the existing number of 2,422,391,577 MMAG Shares as at the Entitlement Date will be consolidated into 242,239,061 Consolidated Shares (after disregarding the fraction entitlement arising from the Share Consolidation) pursuant to the Share Consolidation.

The 242,239,061 Consolidated Shares will be listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on 31 October 2023, being the next market day following the Entitlement Date.

This announcement is dated 30 October 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3396290

=============
(II) PROPOSED RIGHTS ISSUE

On behalf of the Board, TA Securities wishes to announce that the Rights Issue has been completed with the listing of and quotation for 1,453,434,366 Rights Shares together with 726,717,178 Warrants on the ACE Market of Bursa Securities on 23 January 2024.

This announcement is dated 23 January 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3416745

==============
Take note of completion of shares consolidation and rights issue

Before shares consolidation, NOSH = 2,422,391,577
After shares consolidation and rights issue NOSH= 1,695,673,427
WC = 726,717,178

NOSH still above 1.5 BILLION Shares !!!

Directors will continue to raise fund via shares issuance to PP, ESOS, etc in near future
NOSH will continue to rise and exceed 2 BILLION Shares in near future

Posted by whistlebower99 > 2024-01-24 10:42 | Report Abuse

FOR NEWBIES

RIGHTS ISSUE acceptance statistics :-

The details of valid acceptances and excess applications received as at the Closing Date are as follows:
....................................................................................No. of Rights Shares..........................Percentage (%)
Total valid acceptances...................................................331,908,060.......................................22.83
Total valid excess applications....................................1,125,211,597.....................................77.42
Total valid acceptances and excess applications..............1,457,119,657..............100.25
Total Rights Shares available for subscription..................1,453,434,366............100.00
Over-subscription.............................................................................3,685,291................................0.25

The successful applicants for the Rights Shares will be given Warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3414587

====================
Take note that most retail shareholders didn't subscribe for the rights issue as shown by the low 22.83% of normal subscription
Excess application is extremely high at 77.42%, most likely by operators, cronies and cindy&kate to support the fund raising exercise

==================
Take note of the free warrants in the hands of operators, cronies an cindy&kate
WC = 726,717,178

WC will likely be release into market for retailers to catch and hold until expiry date with zero value unless the company directors are able to bring in consistent profits from business operations

==============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition

Posted by Lee Ying Yee > 2024-01-24 21:30 | Report Abuse

director become billionaire ??? ha ha share only ?

CharlesT

14,572 posts

Posted by CharlesT > 2 months ago | Report Abuse

Victor gives first round of early Angpao...

TQ Victor

More to come ah?

Remnant17

69 posts

Posted by Remnant17 > 2 months ago | Report Abuse

Something is happening very fast

CharlesT

14,572 posts

Posted by CharlesT > 2 months ago | Report Abuse

TQ Victor for second angpao

Remnant17

69 posts

Posted by Remnant17 > 2 months ago | Report Abuse

Rights issue 10sen per share on 23 Jan 2024. Market maker definitely will go all out to pump. Last earnings are profitable TP>>14-17

speakup

25,079 posts

Posted by speakup > 2 months ago | Report Abuse

look like operator pushing up Warrant to match Rights price

speakup

25,079 posts

Posted by speakup > 2 months ago | Report Abuse

warrant buy 8sen sell 10sen? that 25% profit

speakup

25,079 posts

Posted by speakup > 2 months ago | Report Abuse

Victor Chin kasi angpow!

speakup

25,079 posts

Posted by speakup > 2 months ago | Report Abuse

something fishy! mother should be 14 sen by now. seem like warrant play only. this is not sustainable!

speakup

25,079 posts

Posted by speakup > 2 months ago | Report Abuse

look like trap to me coz mother is lagging warrant by huge margin. mother should be 14sen base on now warrant price

speakup

25,079 posts

Posted by speakup > 2 months ago | Report Abuse

if mother no go up to 14sen then warrant will sure drop

speakup

25,079 posts

Posted by speakup > 2 months ago | Report Abuse

endless supply at 8sen
unless mother up, warrant limited upside

scjm

2,491 posts

Posted by scjm > 2 months ago | Report Abuse

indicators confirmed the strengthening of the rally as it overwhelmed 11 sen and yet remained not oversold ; anticipating more upside 13.5 to 14.5

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