Posted by Ultrainvestor > 2017-03-08 19:48 | Report Abuse

Hopefully no amendment :O . That's as high as some of dividends given out by the RM4-RM5 stocks!

Posted by Jason Lim > 2017-03-08 19:49 | Report Abuse

>10% DY if that is true LOL. I think tomorrow will have amendment by Bursa.

Posted by sharesharekaki > 2017-03-08 23:02 | Report Abuse

Wow 6sen dividend

Posted by YK Tsong > 2017-03-08 23:09 | Report Abuse

0.06-6% only

Posted by Olga > 2017-03-08 23:34 | Report Abuse

i think it is obviously a mistake.. 6% of rm 0.10

Posted by Olga > 2017-03-08 23:36 | Report Abuse

0.06 for 0.575 is too high even its eps not so high.. but if people wanna rush in to buy please do so i can sell off first n buy back later

Posted by yuanlong57 > 2017-03-09 00:36 | Report Abuse

6 sen may be correct. If I can still remember, I understand that there is an amendment to Bursa rules. PAR VALUE is no longer practised.

Posted by Albukhary > 2017-03-09 01:38 | Report Abuse

Come on guys, is 6%, not 6 sen.
This company has 300mil shares, if paid 6 sen, it has to fork out RM18mil, and its retained profit so far has RM19mil only.
So 6% is only equal to 0.6sen, company will only fork out RM1.8mil to pay to shareholder.

Posted by yuanlong57 > 2017-03-09 02:06 | Report Abuse

Albukhary, this Bursa announcement.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5360721

Posted by yuanlong57 > 2017-03-09 02:12 | Report Abuse

Quarterly report
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5353141
Proposed dividend per share stated as 0.60 sen.
If taking par value 0.10 sen into consideration, then 0.10 x 0.60 = 0.06 sen.

Posted by yuanlong57 > 2017-03-09 02:15 | Report Abuse

Final resort, call the company to confirm. No big deal.L.O.L.

Posted by Ultrainvestor > 2017-03-09 06:38 | Report Abuse

Par value is still used as a reference of some sort, for private placement, dividends etc. Hehe my guess is, there is an incoming amendment because the wording in the latest dividend announcement is wayyyyyyy different than the previous one.

6%= 0.06

6% of par value = 0.06 x 0.1 = 0.006 cents, which is a bit more than half a cent.

Posted by yuanlong57 > 2017-03-09 08:25 | Report Abuse

Ultrainvestor, thanks for educational clarification.

Posted by cwingz > 2017-03-09 08:38 | Report Abuse

Go check from the source of the info, not simply taking information from somewhere:

B12. DIVIDEND PAYABLE
The Company has declared a first interim single tier dividend of 6% of the issued share capital of the company
on 28th February 2017 in respect of the financial year ending 30th June 2017.

Posted by Ultrainvestor > 2017-03-09 08:48 | Report Abuse

Thanks cwingz. It was a bursa Malaysia website, not just some website :). The only body we hope can look after our investments and disseminate legit info. Good that we have discussion here and everyone did their part to verify info and now we know that Bursa are not without faults.

Posted by hornbill > 2017-03-09 09:08 | Report Abuse

6 sen mean RM60 or RM6 per share?

Posted by Ultrainvestor > 2017-03-09 09:45 | Report Abuse

Neither of those values. As per the 6% issued share capital, should be 0.6 sen. Just like the 2nd March 2016 announcement. Less than 1 sen per share but still, they give dividends.

Posted by saikuro525 > 2017-03-09 09:47 | Report Abuse

6 cents is RM0.06, if you buy 1000 units u get RM60 div
while 6% of par val 0.1 is RM0.006, if you buy 1000 units u get RM6 div

Posted by Ultrainvestor > 2017-03-09 09:50 | Report Abuse

Yep, exactly. Sometimes the way the 'sen' is written can be confusing. 1 sen =RM 0.01, 0.6 sen= RM0.006. 6 sen=RM0.06.

Posted by zoomsbooms > 2017-03-09 10:17 | Report Abuse

it's 0.6sen la..not 6 sen..as far as i know, dividend is still calculate based on par value..which is 10sen..

Posted by hornbill > 2017-03-09 10:20 | Report Abuse

So it Bursa make mistake to put 6sen not 6%

Posted by Ultrainvestor > 2017-03-09 10:27 | Report Abuse

Only that one announcement yesterday Bursa put 6 sen per share. The other announcements indicated 0.6 sen.

Posted by LA777 > 2017-03-09 10:38 | Report Abuse

Hi guys, I checked with my remisier, and the 6 sen per share is true based on the Bursa announcement, that means 1000 shares get rm60.

Posted by LA777 > 2017-03-09 10:41 | Report Abuse

Ex date on the 20th of March. Cheers!

Posted by traderman > 2017-03-09 10:42 | Report Abuse

it is 0.6 ...

1000 shares get rm6

eps almost 1 cent only and you get 6 cent dividend ?

Posted by Ultrainvestor > 2017-03-09 10:43 | Report Abuse

That's the problem, the only announcement saying 6 sen is yesterday's one. On 28th Feb, and in the QR, these 2 stated that 6% of issued share capital.

Posted by hornbill > 2017-03-09 11:00 | Report Abuse

I think if wrong info bursa will make the announcement. Let hope the info is true if 6sen ho sie liow

Posted by Jason Lim > 2017-03-09 11:01 | Report Abuse

Market is efficient. If it is really 6 sen per share, the stock price would have skyrocketed already today. But it didn't. 6% per share it is.

Posted by micsoh > 2017-03-09 12:49 | Report Abuse

Just hope boss maybe declare bonus issue to compensate the loss.

Posted by Ultrainvestor > 2017-03-09 13:22 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5360997

Posted by LA777 > 2017-03-09 13:23 | Report Abuse

Sorry, guys, Bursa just ammended the 6 sen interim dividend to 0.6 se.

Posted by yuanlong57 > 2017-03-09 13:56 | Report Abuse

Never mind, LA777. You're doing in good faith.

Posted by LA777 > 2017-03-09 14:06 | Report Abuse

Thank you, yuanlong57.

Posted by yuanlong57 > 2017-03-09 22:03 | Report Abuse

From the 6%/6 sen dividend issue, I have found out that there are many experienced, helpful, tactful and fellow-protective counter members.

Thumbs up to all the solidarity and camaraderie among counter members. A good learning curve of what a forum should be - warm sharing, helping one another and winning together.

This is not so in some forums. Acrimonious quarrel, vulgar language, seniors belittling junior members, sarcasm, etc.

Thanks ULTRAINVESTOR for the meticulous patience to explain the issue bit by bit. Not to forget JASON LIM for discussion based on rational logic and firm conviction.

LA777 for his passionate innocence to share but misinformed by the remisier.

The whole issue shows that no one is free from faults or errors, even Bursa or so-called authorities.

Not to forget the impact or repercussions caused by such human errors or lapses.

It is oddly strange that the amended announcement was put up in cold, steely wordings without any accountability of apologies from relevant parties.

Posted by Olga > 2017-03-10 01:04 | Report Abuse

Olga 0.06 for 0.575 is too high even its eps not so high.. but if people wanna rush in to buy please do so i can sell off first n buy back later
08/03/2017 23:36

unfortunately many people are rational enough

Posted by lowbuyhighsell > 2017-03-10 16:14 | Report Abuse

MIKROMB - Notice of Book Closure

MIKRO MSC BERHAD

FIRST INTERIM SINGLE TIER DIVIDEND OF 0.6 SEN PER SHARE FOR THE FINANCIAL YEAR ENDING 30 JUNE 2017.

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 20 Mar 2017
2) The last date of lodgment : 22 Mar 2017
3) Date Payable : 31 Mar 2017

Remarks: The Entitlement Description should read as 0.6 sen per share and NOT 6 sen per share and the Entitlement in Currency should read as 0.0060 and NOT 0.0600. Arising from the migration to the no par value regime under the Companies Act 2016, par value is no longer relevant.

Posted by tecpower > 2017-03-11 22:48 | Report Abuse

虽然公司的部分的原料是以美金买入，但是MIKROMB大部分的销售都是以美金结算，因此美金走高对公司是利多于弊。最近几个月美金走高至4.45, 这将有助推高MIKROMB未来两个季度的盈利。
http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=3246

Posted by lonelystar > 2017-03-23 16:05 | Report Abuse

new high achieved :)

Posted by yuanlong57 > 2017-03-23 18:09 | Report Abuse

Bravo, MIKROMB.

Posted by dendron > 2017-03-23 18:33 | Report Abuse

new high... =)

Posted by michaelwong > 2017-03-23 19:09 | Report Abuse

Tomorrow more to come . ....haha !

Posted by cy91 > 2017-03-23 23:17 | Report Abuse

haih sold too early after ex div already sell zzzzzzzz

Posted by chkeong3 > 2017-03-24 10:16 | Report Abuse

new high again

Posted by Ultrainvestor > 2017-03-24 10:18 | Report Abuse

Bravo bravo :D

Posted by yuanlong57 > 2017-03-26 08:04 | Report Abuse

cy91, don't despair. Buy high, sell higher. L.O.L

Posted by OngLai88 > 2017-03-27 10:12 | Report Abuse

Growth stock. All time high. More upside expected. Must have holding power.

Posted by CityTrader > 2017-03-27 12:59 | Report Abuse

TP 0.82 / 0.93 Be patient

Posted by cy91 > 2017-03-27 13:42 | Report Abuse

wait retrace to moving average i buy more

Posted by OngLai88 > 2017-03-28 17:50 | Report Abuse

moving average is what price?

Posted by yuanlong57 > 2017-03-28 19:33 | Report Abuse

May be Fibonacci retracement ratios will help.