Newbie here. So anyone can tell me how to exercise the warrant ? Do I need to top up until the exerc price of RM2.06??? Or it will auto deduct from the share? Or how?? Any fees for that ?? Because I just received a letter from mflour.
Wonder what is holding the price of the stock?-:((( Many stocks which reported good financial results had moved by a reasonable amount but not his Mflour.Something must be amiss!.Consolidation price trap for far too long.Hopefully it can move to reward the loyal shareholders with reasonable capital gains from the stock price uptick.
MALAYAN FLOUR MILLS BERHAD ANNOUNCEMENT TO BURSA MALAYSIA SECURITIES BERHAD ADDITIONAL INVESTMENT IN WHOLLY-OWNED SUBSIDIARY, MFM LTD. 1. INTRODUCTION The Board of Directors of Malayan Flour Mills Berhad (“MFM” or “Company”) wishes to announce that the Company had on 20 April 2017, increased its investment in the capital of its wholly-owned subsidiary, MFM Ltd. (“MFML”) from USD100 to USD71,529 by subscribing for an additional 71,429 ordinary shares in cash, at USD1.00 per share (“the Additional Investment”). 2. DETAILS OF THE ADDITIONAL INVESTMENT 2.1 Information on MFML MFML was incorporated on 25 August 2008 under the Labuan Companies Act, 1990 and is domiciled in the Federal Territory of Labuan, Malaysia. MFML is principally engaged in trading and hedging activities. As at 20 April 2017, the authorised share capital of MFML is USD300,000 divided into 300,000 ordinary shares of USD1.00 each. Following the Additional Investment, the Company holds 71,529 ordinary shares in MFML, representing 100% of its issued and fully paid-up share capital. 3. RATIONALE FOR THE ADDITIONAL INVESTMENT The Additional Investment is to strengthen the capital base of MFML and to finance its working capital requirement. 4. FINANCIAL EFFECTS OF THE ADDITIONAL INVESTMENT 4.1 Share Capital The Additional Investment did not have any effect on the issued and paid-up share capital of MFM. 4.2 Substantial Shareholders’ Shareholdings The Additional Investment did not have any effect on the substantial shareholders' shareholdings in MFM. 4.3 Earnings and Earnings per Share (“EPS”) The Additional Investment will not have any material effect on the consolidated earnings and EPS of MFM for the current financial year ending 31 December 2017. 4.4 Net Assets (“NA”) and Gearing The Additional Investment will not have any material effect on the NA and gearing of MFM Group for the current financial year ending 31 December 2017. 5. APPROVAL REQUIRED The Additional Investment did not require the approval of the shareholders of MFM or any relevant authority. 6. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED None of the Directors of MFM or its major shareholders and persons connected with a director or major shareholder of the Company has any interest, direct and/or indirect, in the Additional Investment. 7. DIRECTORS' STATEMENT The Board of Directors of MFM having considered all aspects of the Additional Investment, is of the opinion that the Additional Investment is in the best interest of the Company.
Hopefully it can breach the RM2.00 very soon.All the Technical Price Charts-MA,MACD,RSi,Stochastic support the bullish trend for this stock which has been consolidating for a strong upsurge.Today another long white candle which barring any adverse global news from North Korea today/Tmrw the bullish trend for this stock is fully intact.Go Mflour,Flour Boleh:-)))
Today up11sen, closing 1.76.. up with so less resistance. Volume not much.. great!!! Keep n hold it.. not sure can it be give a surprise??. Like special bonus....
Presently,the counter is in bullish mode.Supported by ALL the Technical Price Charts-MA,MACD,RSI and decent trading volumes.Basing on the trending and price movement the counter probably will be above RM 2.00 by next week barring any adverse global market or financial news.
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....
Berkat
582 posts
Posted by Berkat > 2017-04-10 20:14 | Report Abuse
After few months , then only Bursa lodge the info that directors sold the shares ???