MALAYAN FLOUR MILLS BHD

KLSE (MYR): MFLOUR (3662)

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Last Price

0.535

Today's Change

-0.01 (1.83%)

Day's Change

0.535 - 0.55

Trading Volume

5,545,500


23 people like this.

7,339 comment(s). Last comment by ggleow 6 days ago

sapurakencana

1,144 posts

Posted by sapurakencana > 2018-08-20 18:14 | Report Abuse

if come to the worst,i think every counter have their floor price.let guess what the floor price by end of the year.

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-08-21 12:32 | Report Abuse

Strong momentum time to invest now.

Money122

982 posts

Posted by Money122 > 2018-08-22 12:26 | Report Abuse

Worth to buy now

ramada

3,955 posts

Posted by ramada > 2018-08-23 11:03 | Report Abuse

The issue of the breeders that carried virus solved already. But Indonesian Rupiah & wheat prices look bad currently.

sapurakencana

1,144 posts

Posted by sapurakencana > 2018-08-25 21:08 | Report Abuse

The issue of the breeders that carried virus not the main issue, main factor of price drop due to investor can not get the return from the right issue 6 yaers ago,now BOD continue request money from minority share holder.How BOD convience us? please tell us? otherwise,the history of Sapura Energy on last friday wil repead instead,who know?

Money122

982 posts

Posted by Money122 > 2018-08-29 12:38 | Report Abuse

Hope will up soon

Money122

982 posts

Posted by Money122 > 2018-09-07 15:08 | Report Abuse

What the bottom price for this stock? Any opinions?

michaelwong

3,072 posts

Posted by michaelwong > 2018-09-07 17:12 | Report Abuse

Reaching penny stocks status..........!!!! Rubbish stuff

yfchong

5,881 posts

Posted by yfchong > 2018-09-08 08:56 | Report Abuse

Abt time... Min wage

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-09-08 08:57 | Report Abuse

Ini suda game,over la. Kikiki. Wait for another 10 yrs la. Msny sorhead stuck st high px

yfchong

5,881 posts

Posted by yfchong > 2018-09-09 09:26 | Report Abuse

Boleh dapat pay cut

dompeilee

11,888 posts

Posted by dompeilee > 2018-09-10 08:03 | Report Abuse

Highly indebted co....wait till 50c =)

rockycleft

880 posts

Posted by rockycleft > 2018-09-10 10:22 | Report Abuse

Used to be old man stock. Soon to be deadman stock?

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-09-12 11:04 | Report Abuse

Good time to accumulate more and gain more profit :)

TakeProfits

1,229 posts

Posted by TakeProfits > 2018-09-12 16:08 | Report Abuse

Ummmm, you all can accumulate. I stay away..cos possible rights issue etc. Not operating profitably too. Better buy makan that buy more shares

Posted by EngineeringProfit > 2018-09-13 22:31 | Report Abuse

Interesting .........

Money122

982 posts

Posted by Money122 > 2018-09-18 00:31 | Report Abuse

The management need to do something to push up the share price...

sapurakencana

1,144 posts

Posted by sapurakencana > 2018-09-18 00:40 | Report Abuse

mONEY122, YOU MEANS SHARE BUY BACK. hA hA!

Money122

982 posts

Posted by Money122 > 2018-09-19 16:56 | Report Abuse

Finally rebound

Posted by Cockroach Paul Lee > 2018-09-20 20:58 | Report Abuse

sbb? company no extra money how to sbb? haha
very soon penny stock liao

Money122

982 posts

Posted by Money122 > 2018-09-23 13:56 | Report Abuse

If making loss in flour segment at Indonesia due to forex ...the management can temporarily cut production in flour section to reduce losses...just my opinion

Posted by Cockroach Paul Lee > 2018-09-23 21:47 | Report Abuse

let the share price drop...no need to push ,cant do anything atm...
be patience n wait lower price average down....maybe below 1.00....
T T

Money122

982 posts

Posted by Money122 > 2018-09-25 19:13 | Report Abuse

Start go up?

Posted by EngineeringProfit > 2018-09-25 19:20 | Report Abuse

Interesting....

Posted by Cockroach Paul Lee > 2018-09-26 17:38 | Report Abuse

it seem the share price stable at 1.07....
now lets see the management 'stable ' or not? lol
able to save more cost n make more profit ?

Money122

982 posts

Posted by Money122 > 2018-09-27 02:07 | Report Abuse

When it will up?

Posted by Cockroach Paul Lee > 2018-10-01 15:05 | Report Abuse

wont up .....ha ha...
depend on next qr...

Money122

982 posts

Posted by Money122 > 2018-10-11 18:43 | Report Abuse

Whould it down below rm1??

Posted by Cockroach Paul Lee > 2018-10-11 20:42 | Report Abuse

i reserve some cash , just incase when it below rm1.00 , then buy

yfchong

5,881 posts

Posted by yfchong > 2018-10-16 18:45 | Report Abuse

Bro kc loh ard

vcheekeong

438 posts

Posted by vcheekeong > 2018-10-30 16:13 | Report Abuse

p e now single digit?

Money122

982 posts

Posted by Money122 > 2018-11-01 16:40 | Report Abuse

Finally start to go up?

Posted by lowbuyhighsell > 2018-11-08 17:22 | Report Abuse

bad QR haiz...

Posted by lowbuyhighsell > 2018-11-08 17:28 | Report Abuse

The poultry integration segment recorded a decrease of 4.4% in revenue.LOL...

sapurakencana

1,144 posts

Posted by sapurakencana > 2018-11-08 18:21 | Report Abuse

so bad result. current 2017
Cash and cash equivalents 199,555,000 257,768,000
Trade and other receivables, including derivatives 404,694,000 373,132,000
Inventories 510,078,000 493,018,000
Loans and borrowings 127,244,000 76,194,000
Loans and borrowings 1,056,091,000 883,121,000
how to continue support this company at RM1.
Now my TP 0.89 by Dec2018

Posted by Richard Lee > 2018-11-08 19:14 | Report Abuse

EXCELLENT QR!! What a great Mfailure

5354_

4,808 posts

Posted by 5354_ > 2018-11-09 02:34 | Report Abuse

Loss QR up?

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-11-09 07:08 | Report Abuse

Many trapped at high px. Kikikiki

shpg22

2,984 posts

Posted by shpg22 > 2018-11-10 00:06 | Report Abuse

Rubbish company with poor management. Downgrade fair price to 0.72 @ 50% discount to book

Money122

982 posts

Posted by Money122 > 2018-11-11 01:59 | Report Abuse

The managemement to Reduce modal at poultry n Indonesia flour segment ...to reduce losses

sapurakencana

1,144 posts

Posted by sapurakencana > 2018-11-11 14:51 | Report Abuse

1 thing is very sure,poultry will continue incurred loss due to this industry is not their profession,when he continue dump money to this section.finally u wil see the result is ???

sapurakencana

1,144 posts

Posted by sapurakencana > 2018-11-11 14:55 | Report Abuse

mflour quite similar with his brother LAYHONG.both of them annouce big projection, after 2 years both incurred loss.very sad

Money122

982 posts

Posted by Money122 > 2018-11-21 12:57 | Report Abuse

When can this stock rebound up to over 2.00? Who can tell?

Jacky Yip

94 posts

Posted by Jacky Yip > 2018-11-26 21:57 | Report Abuse

MALAYAN FLOUR MILLS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

MALAYAN FLOUR MILLS BERHAD ("MFLOUR" OR "COMPANY")

(I) RIGHTS ISSUE OF RCULS

(II) RIGHTS ISSUE OF SHARES

(COLLECTIVELY REFERRED TO AS THE "RIGHTS ISSUE")

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the Company’s Circular dated 11 October 2018)

On behalf of the Board of MFLOUR, HLIB wishes to announce that the Board has today fixed the following:

(i) the conversion price of the RCULS at RM0.50 per RCULS;

(ii) the coupon rate of the RCULS at 5% per annum on the nominal value of the RCULS, payable in arrears on a semi-annual basis;

(iii) the entitlement basis for the Rights Issue of Shares as follows:

2 Rights Shares for every 5 existing MFLOUR Shares held on the Entitlement Date together with 1 Bonus Share B for every 4 Rights Shares subscribed and 1 Free Warrant B for every 4 Rights Shares subscribed;

(iv) the issue price of the Rights Shares at RM0.50 per Rights Share; and

(v) the exercise price of the Free Warrants at RM0.68 per Free Warrant.

The conversion price of the RCULS of RM0.50 represents a discount of approximately 25.93% to the TEAP of MFLOUR Shares of RM0.675 based on the 5-day VWAMP of MFLOUR Shares up to and including 23 November 2018, being the last market day prior to the Price-Fixing Date (“Last Market Day”). In view that the subscription of the RCULS on the basis of 3 RCULS for every 10 existing MFLOUR Shares will be entitled for 1 Bonus Share A for every 2 RCULS subscribed and 1 Free Warrant A for every 2 RCULS subscribed, the effective cost of subscription for the RCULS at the issue price of RM1.00 is RM0.40, which represents a discount of approximately 40.74% to the TEAP of RM0.675 per MFLOUR Share.

The issue price of the Rights Shares of RM0.50 represents a discount of approximately 25.93% to the TEAP of MFLOUR Shares of RM0.675 based on the 5-day VWAMP of MFLOUR Shares up to and including the Last Market Day. In view that the subscription of the Rights Shares on the basis of 2 Rights Shares for every 5 existing MFLOUR Shares will be entitled for 1 Bonus Share B for every 4 Rights Shares subscribed and 1 Free Warrant B for every 4 Rights Shares subscribed, the effective cost of subscription for the Rights Shares of RM0.40, which represents a discount of approximately 40.74% to the TEAP of RM0.675 per MFLOUR Share.

The exercise price of the Free Warrants is fixed at RM0.68, which represents a premium of RM0.005 to the TEAP of RM0.675 per MFLOUR Share.

The conversion price of the RCULS of RM0.50 and the issue price of the Rights Share of RM0.50 were determined by the Board after taking into consideration the following:

(i) the TEAP of MFLOUR Shares of RM0.675 based on the 5-day VWAMP of MFLOUR Shares up to and including the Last Market Day;

(ii) the effective cost of subscription of the RCULS and Rights Shares is RM0.40;

(iii) maximum discount of not more than 55% to the TEAP of MFLOUR Shares of RM0.675 to encourage the subscription of the Rights Shares and to ensure MFLOUR is able to raise a minimum gross proceeds of approximately RM220 million based on a minimum subscription basis set out in the Circular dated 11 October 2018;

(iv) the prevailing share price movement of MFLOUR; and

(v) the overall funding requirements of the Group.

The exercise price of the Free Warrants was determined by the Board after taking into consideration the following:

(i) the TEAP of MFLOUR Shares of RM0.675 based on the 5-day VWAMP of MFLOUR Shares up to and including the Last Market Day;

(ii) the prevailing share price movement of MFLOUR; and

(iii) the overall funding requirements of the Group.

This announcement is dated 26 November 2018.

Jacky Yip

94 posts

Posted by Jacky Yip > 2018-11-26 21:57 | Report Abuse

issue price of RCULS is rm1.00, right?

sapurakencana

1,144 posts

Posted by sapurakencana > 2018-11-27 13:17 | Report Abuse

oh,oh, after ex-date of right issue,share price may be drop to 5o cent

Posted by thenextwave > 2018-12-03 23:37 | Report Abuse

Those who take the right share will damn regret later. This counter is con man counter. No hope.

JamesPond

429 posts

Posted by JamesPond > 2018-12-04 14:26 | Report Abuse

Yes conman counter. They announce that effective cost is RM0.50. ROFL....The ffective cost should be 67.5

shpg22

2,984 posts

Posted by shpg22 > 2018-12-11 12:31 | Report Abuse

MFLOUR is poorly managed company, always running out of cash. Downgrade fair price to 0.50.

JamesPond

429 posts

Posted by JamesPond > 2018-12-11 13:32 | Report Abuse

Yes very poorly managed. MFM small co has 10 directors most are politician, accountants and lawyers. None are business people. PPB which is 50 times bigger only has 7 directors

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