MLABS SYSTEMS BHD

KLSE (MYR): MLAB (0085)

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Last Price

0.125

Today's Change

0.00 (0.00%)

Day's Change

0.12 - 0.13

Trading Volume

3,269,500


7 people like this.

13,212 comment(s). Last comment by rpklim8888 5 minutes ago

joe8032

215 posts

Posted by joe8032 > 2017-09-15 10:33 | Report Abuse

Don't play play....this operator can make u-turn anytime

Mosiong Wong

1,826 posts

Posted by Mosiong Wong > 2017-09-15 10:56 | Report Abuse

I report it to bursa ady due UMA..lets see

Posted by karhongkhit > 2017-09-15 10:59 | Report Abuse

after report will bursa take action? whats the affect for share holder?

B4b4

7,583 posts

Posted by B4b4 > 2017-09-15 11:09 | Report Abuse

Mlab will U Turn anytime

B4b4

7,583 posts

Posted by B4b4 > 2017-09-15 11:12 | Report Abuse

WB 21.5% traded at 4 s and 4.5s.,Very good take up rate for WB. Wait patiently for mother to move next

B4b4

7,583 posts

Posted by B4b4 > 2017-09-15 11:16 | Report Abuse

Many ppl confident with the WB, that means more ppl confident with the mother share

Posted by adisuffian83 > 2017-09-15 11:19 | Report Abuse

good to buy WB or mother?

B4b4

7,583 posts

Posted by B4b4 > 2017-09-15 11:28 | Report Abuse

Wb moves up first, later mother will go up. Mother shares ppl throw down already the last few days . That means , those who hold mother will hold and wait for the next QR which is expecting to be better than the previous QR

greedy44

735 posts

Posted by greedy44 > 2017-09-15 12:18 | Report Abuse

This company now is cash rich and may return some extra money to shareholders.

Reference is made to the Circular dated 19 May 2017 as well as the announcements dated 27 July 2017 and 28 July 2017 in relation to the Rights Issue with Warrants.

On behalf of the Board, Mercury Securities wishes to clarify the following:-

(i) In the Circular, it was disclosed that the Rights Issue with Warrants will raise gross proceeds of RM18.7 million under the Base Case Scenario and RM26.4 million under the Maximum Scenario, based on an illustrative issue price of RM0.05 per Rights Share.

(ii) Subsequently, on 27 July 2017, Mercury Securities had, on behalf of the Board, announced that the Board resolved to fix the issue price at RM0.15 per Rights Share.

(iii) Arising from the above, additional proceeds of RM37.4 million and RM52.8 million under the Base Case Scenario and Maximum Scenario respectively will be allocated for the acquisition and/or investment in other complementary businesses and/or assets, further details of which were set out in Section 4(iii) of the Circular and will be set out in the Abridged Prospectus to be issued to Shareholders in due course.

(iv) Subject to the eventual subscription level of the Rights Issue with Warrants, the proceeds to be allocated for the acquisition and/or investments in other complementary businesses and/or assets may be substantial.

(v) Hence, the Board has resolved that if the Company is unable to identify suitable investments within 24 months from the completion of the Rights Issue with Warrants, the Company shall undertake a capital reduction and repayment exercise to distribute the unutilised proceeds back to Shareholders. In such an event, the Company shall make the necessary announcements and seek the necessary approvals from Shareholders and/or other relevant authorities to effect the capital reduction and repayment exercise.

This announcement is dated 10 August 2017.

jebat

559 posts

Posted by jebat > 2017-09-15 12:36 | Report Abuse

Still hold until now.....rocket ready or not....?

NoEmo

1,167 posts

Posted by NoEmo > 2017-09-15 12:52 | Report Abuse

Conversion prices comparison:
WA 9c
WB 15c
Be informed ya.

Mosiong Wong

1,826 posts

Posted by Mosiong Wong > 2017-09-15 13:46 | Report Abuse

KUALA LUMPUR (Sept 15): The FBM KLCI slipped below the 1,780-point level, as a fresh missile launch by North Korea over Japan rattled regional markets.

At 12.30pm, the FBM KLCI fell 3.26 points to 1,778.11. The index had earlier risen to its intra-morning high of 1,784.56.

Losers led gainers bhy 364 to 216, while 474 counters traded unchanged. Volume was 1.11 billion shares valued at RM708.38 million.

The top losers included Magni-Tech Industries Bhd, Dutch Lady Milk Industries Bhd, Fraser & Neave Holdings Bhd, Far East Holdings Bhd, CIMB Group Holdings Bhd, Malayan Flour Mills Bhd, Scientex Bhd, Petrnonas Gas Bhd and IQ Group Bhd.

The actives included Trive Property Group Bhd, Sinjo Hua-An International Bhd, Borneo Oil Bhd, Hibiscus Petroleum Bhd, Scomi Group Bhd and Ablegroup Bhd.

The gainers included British American Tobacco (M) Bhd, Hong Leong Financial Group Bhd, United Plantations Bhd, VS Industry Bhd, Globetronics Technology Bhd, United Malacca Bhd and Ann Joo Resources Bhd.

U.S. stock futures and Asian shares dipped after North Korea fired another missile over Japan into the Pacific Ocean on Friday, demonstrating Pyongyang’s defiance in the face of intensifying sanctions, according to Reuters.

U.S. stock futures ESc1 fell 0.2%, while MSCI’s Asia-Pacific share index excluding Japan shed 0.4%, though it was still up 0.4% on the week, Reuters said.

Kenanga IB Research said Asian markets were mostly lower, after disappointing China’s industrial output data.

It said also affected was the FBM KLCI which was down by 4.70 points (0.26%) at 1,781.37.

The research house said market breadth was negative as 492 decliners outpaced 397 gainers, while 342 shares traded unchanged.

“Chart-wise, the initial push was short-lived and ultimately ended in the red, marking the second day of pullback.

“However, the overall technical picture remains favouring the upside, with both MACD and RSI maintained in a positive state.

“Therefore, any weakness will likely to be shallow and temporary, with support levels of 1,770 (S1) and 1,760 (S2) expected to see buying on dips,” Kenanga IB Research said.

Nick Motor

347 posts

Posted by Nick Motor > 2017-09-15 14:54 | Report Abuse

cannot go la....no tauke besar

lbp83

168 posts

Posted by lbp83 > 2017-09-15 15:00 | Report Abuse

tauke besar jual jual jual

lbp83

168 posts

Posted by lbp83 > 2017-09-15 15:01 | Report Abuse

wang sudah angkat pergi holiday lol

cth0712

225 posts

Posted by cth0712 > 2017-09-15 15:01 | Report Abuse

both warrant undervalue, no go...

Nick Motor

347 posts

Posted by Nick Motor > 2017-09-15 15:03 | Report Abuse

ini kali ...hai lat liao!!!!!now 8m at 0.100 cannot tahan lama...

bleuerouge

3,221 posts

Posted by bleuerouge > 2017-09-15 15:05 | Report Abuse

9c coming !!

Mosiong Wong

1,826 posts

Posted by Mosiong Wong > 2017-09-15 15:05 | Report Abuse

9.5s ady

Mosiong Wong

1,826 posts

Posted by Mosiong Wong > 2017-09-15 15:06 | Report Abuse

B4b4 apo crite now

Nick Motor

347 posts

Posted by Nick Motor > 2017-09-15 15:06 | Report Abuse

hai lat loh.....

Posted by agcnazriadam > 2017-09-15 15:08 | Report Abuse

Still waiting..??

joe8032

215 posts

Posted by joe8032 > 2017-09-15 15:10 | Report Abuse

Coming to 0.065

Nick Motor

347 posts

Posted by Nick Motor > 2017-09-15 15:12 | Report Abuse

pukimak....counter

CityHuntEr

626 posts

Posted by CityHuntEr > 2017-09-15 15:27 | Report Abuse

triple trap...=)

gghaha

1,639 posts

Posted by gghaha > 2017-09-15 15:29 | Report Abuse

pipo pipo.....

Mosiong Wong

1,826 posts

Posted by Mosiong Wong > 2017-09-15 15:52 | Report Abuse

Below .1 is a good buy. Sekian

xyXy

693 posts

Posted by xyXy > 2017-09-15 16:09 | Report Abuse

aldy go longkang oooooooo

xyXy

693 posts

Posted by xyXy > 2017-09-15 16:10 | Report Abuse

q .075

xyXy

693 posts

Posted by xyXy > 2017-09-15 16:10 | Report Abuse

t4......

xyXy

693 posts

Posted by xyXy > 2017-09-15 16:11 | Report Abuse

today volume banyak kurang le............

xyXy

693 posts

Posted by xyXy > 2017-09-15 16:12 | Report Abuse

k n n counter ........

Posted by leslieroycarter > 2017-09-15 16:16 | Report Abuse

6.5c....

Posted by leslieroycarter > 2017-09-15 16:21 | Report Abuse

if u buy warrant , right or mother share , u r dead anyway....

Sw33per

152 posts

Posted by Sw33per > 2017-09-15 16:29 | Report Abuse

will drop more...

Posted by adisuffian83 > 2017-09-15 16:30 | Report Abuse

will it get kicked from BSM then?

Mosiong Wong

1,826 posts

Posted by Mosiong Wong > 2017-09-15 16:31 | Report Abuse

If buy now need wait at least 2-3 weeks or month

Mosiong Wong

1,826 posts

Posted by Mosiong Wong > 2017-09-15 16:45 | Report Abuse

Hoseh liau..close at 0.1
Luckily not 0.095

Posted by stockjobber > 2017-09-15 17:46 | Report Abuse

conman counter

Posted by cendolpulut > 2017-09-15 17:58 | Report Abuse

monday drop more

KingLucy

65 posts

Posted by KingLucy > 2017-09-15 18:32 | Report Abuse

This counter climb up purely because of sharks. Sharks left, price went down. If youre hoping for it to climb again, will take very long time, maybe years.

mrlohct

57 posts

Posted by mrlohct > 2017-09-15 19:27 | Report Abuse

So wat to do next?

RedEagle

3,194 posts

Posted by RedEagle > 2017-09-15 19:29 | Report Abuse

Sold

fl888

7,636 posts

Posted by fl888 > 2017-09-15 19:32 | Report Abuse

Netx subsidiary now hold nearly 9% of MLABs at 15 cts......

NoEmo

1,167 posts

Posted by NoEmo > 2017-09-15 20:04 | Report Abuse

Dun worry la. Strong Macq will support MLab on behalf of Netx. The former will not allow the latter two smallies to sink n jeopardise its financial performance, albeit a meager loss.

KingLucy

65 posts

Posted by KingLucy > 2017-09-15 20:27 | Report Abuse

up to your trading plan what to do next.
If youre currently paper lost in this counter youre probably,
1) Stuck at the peak during the uptrend
2) try to catch the falling price, hoping for rebounce, but price keep falling.
3) not cut profit when have small profit and the the price fall.
If you cut loss, you will suffer real loss of money.
if investing is your back up plan, you can keep averaging down until the next shark come in or have good news for this company. Sadly this company have a not so good FA.

Anyway, profit and loss is normal of investing/trading in stock market. Learn a lesson.
keep gaining knowledge.

RedEagle

3,194 posts

Posted by RedEagle > 2017-09-15 21:02 | Report Abuse

4 days more red

jebat

559 posts

Posted by jebat > 2017-09-15 21:17 | Report Abuse

Thanks king Lucy...

jebat

559 posts

Posted by jebat > 2017-09-15 21:18 | Report Abuse

I think 0.95 the lowest Monday hope rebound back.....

greedy44

735 posts

Posted by greedy44 > 2017-09-15 21:35 | Report Abuse

Just for sharing....good prospect company with lots of cash in hand.

The Board of Directors of Asia Bioenergy Technologies Berhad (“ABT” or “the Company”) wishes to announce that its wholly-owned subsidiary, Asiabio Capital Sdn. Bhd. has on 15 September 2017 acquired 75,100,000 shares of Mlabs Systems Berhad (“MLABS”), representing 13.16% equity interest in MLABS, via the subscription of the rights and excess shares of MLABS at an issue price of RM0.15 each (“Shares”) for a total cash consideration of RM11,265,000 (“Consideration”). Pursuant to the acquisition, Asiabio Capital Sdn. Bhd. will also be issued 37,550,000 free Warrants B of MLABS.

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