https://klse.i3investor.com/web/announcement/detail/1689996 AT must quickly sign new MOU since no material development in those existing MOUs otherwise its share price won't go up. Maybe AT should quickly call up Elon Musk and propose MOU signing with SpaceX or StarLink before Elon Musk sign it with real investors.
Latest penny stocks to propose shares consolidation are FAST & YONGTAI while AGES, MTRONIC & DIGISTAR had just completed the exercise or on-going.
Be aware of the risk of trading penny stock with high NOSH multi BILLION issued shares or multi-year losses with directors frequently raising fund via shares issuance to RI, PP and ESOS.
Directors have power to propose shares consolidation and rights issue with free warrants to continue with fund raising exercise
MTRONIC -a loss from disposal of investment in quoted shares of RM3.2 million recorded during the period....:) changes in loss on disposal of quoted investments amounting to RM17.41 million as well as Employees’ Share Option Scheme-based payment expense of RM2.07 million ...:) tis coming.....:)
Loss making for 8 years in a row !!! Directors continue to receive remuneration and payment
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Q4 FY2022 vs Q3 FY2022 The Group posted revenue of RM13.39 million for the current quarter ended 31 March 2022, representing a decrease of 15% as compared RM15.78 million recorded in the preceding quarter ended 31 December 2021. The decrease was largely due to lower sale of medical gloves on the back of lower units sold. The decrease was mitigated by higher sales in fabrication and automation segment, which was mainly due to higher orders from textile machines maker and coupled with higher orders for vending machines delivered in sheet metal & automation business. Sale of solar energy was slightly higher due to favorable weather. The Group recorded pre-tax loss of RM114.78 million for the current quarter as compared pre-tax loss of RM13.85 million recorded in the preceding quarter. Fabrication and automation segment reported higher pre-tax loss by RM7.12 million mainly due to higher impairment loss on property, plant and equipment of RM4.66 million and impairment loss on right-of-use-assets of RM3.50 million. Renewable energy and property letting segment reported higher pre-tax profit mainly due to additional rental from new tenant. Gloves segment reported pre-tax loss of RM56.18 million in Q4 FY2022 as compared to pre-tax profit of RM0.02 million profit in Q3 FY2022 mainly due to lower glove selling price and unit sold, coupled with the manufacturing and operating costs incurred for glove production as well as impairment loss on property, plant and equipment of RM19.84 million, impairment loss on right-of- use-assets of RM2.17 million and impairment loss on slow moving inventories of RM20.38 million.
Other segment reported higher pre-tax loss by RM37.68 million in Q4 FY2022 mainly due to net impairment loss on investment in associates of RM 33.85 million and share of losses in associates of RM15.31 million (Q3 FY2022: RM3 million), offset with lower loss on dilution of interest in associates, ie RM Nil in Q4 FY2022 (Q3 FY2022: RM4.59 million) and higher bargain purchase from investment in associate of RM2.63 million (Q3 FY2022: RM0.22 million) coupled with reversal of impairment of loan & receivable of RM1.33 million (Q3 FY2022: RM Nil).
================= More than 6.4 BILLION shares and warrants combined Too heavy for price to move up high
================== Directors might continue to raise fund via share issuance to ESOS and PP NOSH might continue rise, further diluting your shareholdings equity % and EPS
Loss making for 8 years in a row !!! Directors continue to receive salaries & payments
======================= Be careful trading loss making penny stocks that has huge NOSH (BILLION SHARES) Directors have power to propose shares consolidation and raise more fund via rights issue with free warrants
===================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
AT glove business sudah kaput, making even bigger loss. Suggest AT going into MOU signing business, maybe AT will make profit out of MOU signing here and there.
================ Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Regardless of the multiple viruses detected & the increase in glove demand, this will not impact AT coz’ their source of income come in ESOS, PP etc that will eventually lead to share consolidation..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BuySoLow SellEvenLower
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Posted by BuySoLow SellEvenLower > 2022-05-23 10:16 | Report Abuse
https://klse.i3investor.com/web/announcement/detail/1689996
AT must quickly sign new MOU since no material development in those existing MOUs otherwise its share price won't go up. Maybe AT should quickly call up Elon Musk and propose MOU signing with SpaceX or StarLink before Elon Musk sign it with real investors.