RCZ2020.. please study history of HM technical graph after share consolidation. Not only HM, but all companies under their control. And you will know how the graph pattern
RCZ2020 ... I not promoting or buy call. But ask the Ikan Bilis study the azrb technical graph. It's up to them. Try you click link shared by Peace99... 404 PAGE NOT FOUND
Watch out. Scammers will make promises that sound good. If it's going up, why don't they buy it all? Don't say to share wealth with others. Humans are greedy and will not happy to see others succeed.
Harvest miracle 9.5 cents Try to wait below 8 cents.or sudden 1-2 days fall below 8 cents. If can wait at most 6 month,please buy once reach below 8 cents. 15/6/24 7.08pm
Most recent share consolidation in 2021 Current NOSH = 1,230,414,715 (> BILLION shares)
Announced EX Date Subject Ratio Offer 16 Mar 2021 29 Mar 2021 Rights Issue (warrant) 1.0000 : 1.0000 0.1700 18 Jan 2021 02 Feb 2021 Share Consolidation 1.0000 : 4.0000 29 Mar 2019 10 Apr 2019 Rights Issue (warrant) 1 : 5 0.1500 29 Mar 2019 10 Apr 2019 Rights Issue 3 : 1 0.0500 09 Jan 2019 22 Jan 2019 Share Consolidation 2 : 1 28 Jul 2015 07 Aug 2015 Share consolidate 2 : 1 06 Dec 2011 16 Dec 2011 Rights Issue (warrant) 2 : 1
================== 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
tkhero i agreed with you as this is long long overdue. i hold so many of HM for months at 0.115 . waiting and waiting till the cow come home and yet HM is still sleeping and yet to wake up. i refuse to cut my losses as afterall its so damn cheap
Dont be a sucker keep give money to the cindycat not really taking care the shareholders. From the past history until now keep changing new substantial shareholders and the company keep raise fund from the public. Time to say No to such company.
HARVEST MIRACLE CAPITAL BERHAD previously known VORTEX CONSOLIDATED BERHAD previously known as SKH CONSORTIUM BERHAD previously known as THE MEDIA SHOPPE BERHAD
==================== On behalf of the Board of Directors of HMCB (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:
(i) proposed consolidation of every 3 ordinary shares in HMCB (“Share(s)”) into 1 Share (“Consolidated Share(s)”) (“Proposed Share Consolidation”); and
(ii) proposed renounceable rights issue of up to 1,356,361,086 new Shares (“Rights Share(s)”) on the basis of 3 Rights Shares for every 1 Consolidated Share held as at the close of business on an entitlement date to be determined and announced later (“Rights Issue Entitlement Date”) at an issue price of RM0.08 per Rights Share (“Issue Price”), together with up to 678,180,543 free detachable warrants in HMCB (“Warrant(s) D”) on the basis of 1 Warrant D for every 2 Rights Shares subscribed for (“Proposed Rights Issue”).
Check P/L and Capital Changes for previous share consolidation and share issuance exercises
================== Another high NOSH penny conter going for share consolidation and followed by massive fund raising via shares issuance to RI to raise more than rm100 million for directors to utilise
HARVEST MIRACLE CAPITAL BERHAD previously known VORTEX CONSOLIDATED BERHAD previously known as SKH CONSORTIUM BERHAD previously known as THE MEDIA SHOPPE BERHAD
Past corporate exercises carried out by directors :-
Announced EX Date Subject Ratio Offer 16 Mar 2021 29 Mar 2021 Rights Issue (warrant) 1.0000 : 1.0000 0.1700 18 Jan 2021 02 Feb 2021 Share Consolidation 1.0000 : 4.0000 View 29 Mar 2019 10 Apr 2019 Rights Issue (warrant) 1 : 5 0.1500 View 29 Mar 2019 10 Apr 2019 Rights Issue 3 : 1 0.0500 View 09 Jan 2019 22 Jan 2019 Share Consolidation 2 : 1 View 28 Jul 2015 07 Aug 2015 Share consolidate 2 : 1 View 06 Dec 2011 16 Dec 2011 Rights Issue (warrant) 2 : 1 View
================== Share consolidation followed by massive fund raising via rights issue !!!
The progress for the share consolidation for Harvest Miracle Berhad (HM) is that it has been proposed, but the effective date has not been disclosed. Here are the details:
Proposed Share Consolidation: The board of directors of HM has proposed a share consolidation that will see every 3 shares held by the company consolidated into 1 share.
Effectiveness Date: The effective date for the share consolidation has not been disclosed.
Shareholder Approval: The share consolidation is subject to shareholder approval, which will be sought at the company's forthcoming annual general meeting.
In summary, the share consolidation for Harvest Miracle Berhad has been proposed, but the effective date has not been disclosed, and the proposal is subject to shareholder approval.
Harvest Miracle Capital Berhad (HM) shows potential for short-term gains but carries some risks, with its long-term outlook remaining mixed.
Short-term Outlook: =============== Recent Performance: HM's recent earnings have been affected by unusual expenses, which have reduced statutory profit over the last year. However, the company expects these expenses to be non-recurring, which could lead to improved profitability next year.
Technical Analysis: The stock's technical indicators suggest a strong sell, with a buy signal from oscillators and a buy trend from moving averages, indicating potential for short-term gains.
Market Sentiment: There is positive sentiment among shareholders, as evidenced by a 28% share price increase in the last month. ------------------------------------------------------------------------------------------
Medium-term Outlook: ========================= Financial Health: HM has shown improvement in its financial health, moving from a net loss to a profit in the full year 2024, driven by lower expenses.
Revenue Growth: The company's revenue has shown a decrease of 32% from FY2023, but there is a 19% increase in revenue for Q1 2025 compared to Q1 2024.
Analyst Coverage: There is limited analyst coverage, which makes it difficult to forecast growth and revenue accurately. --------------------------------------------------------------------------------------------
Long-term Outlook: ============== Strategic Moves: HM has made strategic acquisitions, which could contribute to long-term growth.
Valuation: The company's valuation is below the market average, which could indicate undervaluation if the company's growth prospects are realized.
Industry Position: The company operates in the IT and ICT sectors, which is expected to grow, potentially providing a favorable long-term environment.
In conclusion, while there are signs of improvement in Harvest Miracle Capital Berhad's short-term and medium-term prospects, the lack of analyst coverage and the mixed long-term outlook warrant caution.
The company's strategic moves and potential for growth in the IT and ICT sector suggest there could be long-term potential, but this should be weighed against the risks and uncertainties.
(i) proposed consolidation of every 3 ordinary shares in HMCB (“Share(s)”) into 1 Share (“Consolidated Share(s)”) (“Proposed Share Consolidation”); and
(ii) proposed renounceable rights issue of up to 1,356,361,086 new Shares (“Rights Share(s)”) on the basis of 3 Rights Shares for every 1 Consolidated Share held as at the close of business on an entitlement date to be determined and announced later (“Rights Issue Entitlement Date”) at an issue price of RM0.08 per Rights Share (“Issue Price”), together with up to 678,180,543 free detachable warrants in HMCB (“Warrant(s) D”) on the basis of 1 Warrant D for every 2 Rights Shares subscribed for (“Proposed Rights Issue”).
============ On behalf of the Board, TA Securities wishes to announce that Bursa Securities has, vide its letter dated 13 September 2024, resolved to approved the following:
(i) Proposed Share Consolidation; (ii) admission to the Official List and initial listing and quotation of up to 678,180,543 Warrants D pursuant to the Proposed Rights Issue;
(iii) listing and quotation for up to 1,356,361,086 new HMCB Shares to be issued from the Proposed Rights Issue;
(iv) listing and quotation for up to 678,180,543 new Shares to be issued arising from the exercise of the Warrants D; (v) up to 46,828,117 Additional Warrants C to be issued pursuant to the adjustments to the exercise price and outstanding number of Warrants C arising from the Proposed Rights Issue; and (vi) listing and quotation for up to 46,828,117 new Shares to be issued arising from the exercise of Additional Warrants C,
================ Share consolidation and massive fund raising by directors coming very soon Current NOSH = 1,230,414,715 will be consolidated into 410,138,238 shares Up to 1,356,361,086 rights shares to be issued New NOSH could be as high as 1,766,499,324 !!!
=============== Retail shareholders will have to contribute more money to directors fund raising exercise Good luck !!!
CIRCULAR TO SHAREHOLDERS OF HARVEST MIRACLE CAPITAL BERHAD IN RELATION TO THE (I) PROPOSED CONSOLIDATION OF EVERY 3 ORDINARY SHARES IN OUR COMPANY ("SHARE(S")) INTO 1 SHARE ("PROPOSED SHARE CONSOLIDATION"); AND (II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,356,361,086 NEW SHARES ("RIGHTS SHARE( | https://www.klsescreener.com/v2/announcements/view/7977703
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Peace99
2,264 posts
Posted by Peace99 > 2024-06-13 19:37 | Report Abuse
Just as a quick reminder why buying HM:" .....HM went into oil palm. It hired experienced managers, a PhD scientist, and a team of workers to do the job. Bought 1300 acres for 21mil when the valuation was 30mil. The land also has 45 acres of durians, maturing in 2026.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3326384"
Durian in 2 more years :)