KINSTEEL BHD

KLSE (MYR): KINSTEL (5060)

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Last Price

0.005

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


5 people like this.

1,503 comment(s). Last comment by Jokers2020 2019-12-19 21:34

aliyusof

1,393 posts

Posted by aliyusof > 2015-02-28 18:49 | Report Abuse

Refer to latest debt restructuring scheme... share capital reduction from 20 cts (share par value) to 5 cts (75% haircut!). Ha ha....

aliyusof

1,393 posts

Posted by aliyusof > 2015-02-28 19:24 | Report Abuse

Who wants to subscribe their share right issue just to help them to repay its bank's debts of RM800m (excluding the outstanding huge debts to its trade suppliers). How about their guarantee of RM800m debt of Perwaja? Regional and local steel market is very negative. Long way out of the wood yet!

aliyusof

1,393 posts

Posted by aliyusof > 2015-02-28 19:28 | Report Abuse

After 75% capital reduction, 2 share is consolidated to become 1 share....

spinninglotus

5,417 posts

Posted by spinninglotus > 2015-02-28 19:31 | Report Abuse

I have said long time Kinstel needs to bankrupt perwaja. At least this is the good move I want. Pheng Chin Guan and Pheng Yin Wah has wasted a lot of time and money on perwaja. It is time to sell and move on.

Posted by sipeh_jialat > 2015-03-01 20:15 | Report Abuse

so, what is the perspective in near future ?

aliyusof

1,393 posts

Posted by aliyusof > 2015-03-01 20:31 | Report Abuse

Sorry for minority shareholders of Kinsteel.... facing proposed huge share capital reduction 20 cts to 5 cts.

aliyusof

1,393 posts

Posted by aliyusof > 2015-03-02 02:57 | Report Abuse

Please read Kinsteel's proposed debt restructuring agreement with its banks and lenders carefully.. Without or with Perwaja, it is already very badky stressed financially. Besides big capital share reduction proposed, it is required to dispose its stake in Gurun plant to partially pay off part of its debt, of course, provided it can be sold off at RM300m as proposed. Also provided it can successfully executed proposed right share issue exercise.

Posted by spring_chicken > 2015-03-05 17:03 | Report Abuse

Before jumping the gun, we need to read through the announcement on the proposed debt restructuring and proposed capital restructuring. Firstly it is not an easy feat to get all the secured and unsecured creditors to agree on the Debt Restructuring Agreement. Secondly the controlling shareholder is committing its $$$ via irrevocable undertaking to its rights issue and placement. Thirdly you need to work out the proforma effect of its capital restructuring exercise to understand its hidden value. In short the announcement is sort of a self-rescue plan.

aliyusof

1,393 posts

Posted by aliyusof > 2015-03-12 11:50 | Report Abuse

Yes, talk so much about self rescue plan by major shareholder, click to Bursa announcement 10 March and see WHO is exactly selling their shares? With proposed massive share capital reduction from 20 cts par value to 5 cts and then 2 units of 5 cts share are merged into 1 unit of share at par value of 10 cts, is current share price of 13 to 14 cts overvalued? Figure it out yourself.

aliyusof

1,393 posts

Posted by aliyusof > 2015-03-18 12:17 | Report Abuse

Pls click Bursa announcement, major owners slowly unloading their shares from 10 to 13 March. Right now abt 1.4m shares seller vs 0.5m shares buyers. Small retailer investor, like us, be careful, basic rule in investing, beware of major owners selling big...75% capital reduction proposed n agreed by their banks. 75% hair cut...what u think will be its share intrinsic value? All the plans in restructuring including right issue etc are for paying old debts. Second rule in investing, work out its share intrinsic.

cherry88

980 posts

Posted by cherry88 > 2015-04-01 17:52 | Report Abuse

Selling still not finish yet ......?

aliyusof

1,393 posts

Posted by aliyusof > 2015-04-20 15:56 | Report Abuse

Major shareholders selling... checked Bursa announcement.

Bilis Bilis

2,160 posts

Posted by Bilis Bilis > 2015-04-21 15:04 | Report Abuse

Major shareholders selling--by lifting the price to 0.27/0.30 as in feb2014 and then august2014 then slowly distribute to bargain hunters....?
every 6-8 mths?

aliyusof

1,393 posts

Posted by aliyusof > 2015-04-22 13:18 | Report Abuse

Just read the debt restructuring agreement between company and all its financial lenders... then can well understand why it is smarter to unload their shares to the uninformed ikan bilis ... ha ha.

aliyusof

1,393 posts

Posted by aliyusof > 2015-04-22 18:45 | Report Abuse

Buaya akan semua ikan bilis ini..

aliyusof

1,393 posts

Posted by aliyusof > 2015-04-22 19:01 | Report Abuse

Ikan bilis jaga betul... kena sangkut nanti...

sure

65 posts

Posted by sure > 2015-04-23 10:49 | Report Abuse

more important is earning not assumption

aliyusof

1,393 posts

Posted by aliyusof > 2015-04-23 11:25 | Report Abuse

So some news in the paper, then go up and down again...so many rounds da, many ikan bilis kena trapped. Buaya singing and laughing. Ha ha

cherry88

980 posts

Posted by cherry88 > 2015-04-30 09:12 | Report Abuse

coming............

Compian

10 posts

Posted by Compian > 2015-04-30 10:28 | Report Abuse

??

AyamTua

13,598 posts

Posted by AyamTua > 2015-04-30 11:05 | Report Abuse

even kinstel can naik ... ((( TMS, GLOTEC, PWORTH, DSONIC )) <-- best like chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng! chieng!

aliyusof

1,393 posts

Posted by aliyusof > 2015-04-30 11:21 | Report Abuse

Happy go hunting or be hunted.... hit and run all right

aliyusof

1,393 posts

Posted by aliyusof > 2015-04-30 11:25 | Report Abuse

Big guys laughing all the way to the banks..

sure

65 posts

Posted by sure > 2015-05-04 10:26 | Report Abuse

5/5 shoot up then run

sg999

1,767 posts

Posted by sg999 > 2015-05-05 10:11 | Report Abuse

gogogo

Posted by yahomenelson > 2015-05-05 10:11 | Report Abuse

go max ady ? come on

sure

65 posts

Posted by sure > 2015-05-05 10:38 | Report Abuse

done .18

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-05 11:30 | Report Abuse

Bursa Announcement Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):

Tan Sri Dato' Seri Pheng Yin Huah disposed 18,000,000 shares.

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-05 11:42 | Report Abuse

If so good, why sell like mad?

cherry88

980 posts

Posted by cherry88 > 2015-05-05 11:56 | Report Abuse

Sell to the big boys to goring mah............

shahru

19 posts

Posted by shahru > 2015-05-05 11:58 | Report Abuse

fishy..

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-05 12:32 | Report Abuse

Big boys: buy before news out, sell after news out...

Posted by prudentinvestor > 2015-05-05 15:34 | Report Abuse

Beware of the trap.

speakup

25,995 posts

Posted by speakup > 2015-05-05 15:44 | Report Abuse

when ppl say 'beware trap' means still can go up.
when ppl say 'cannot tahan already must buy' means time to sell.

4u2c

3,553 posts

Posted by 4u2c > 2015-05-05 15:48 | Report Abuse

last EPS 11 cts ......never mad so much money.Where it came from ?

Gji Gan

378 posts

Posted by Gji Gan > 2015-05-05 15:58 | Report Abuse

GOGogooooo

Bilis Bilis

2,160 posts

Posted by Bilis Bilis > 2015-05-05 16:00 | Report Abuse

pdtan Posted by pdtan > Aug 11, 2014 08:51 PM | Report Abuse X

....................................................
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
@pstree999
@1malaysia888

Buy back in Late October...

___________________________________________

Just rechecking.........if next 3 days, there is an opening gap up of 2 to 4 cents, especially at 0.26, remind me to jump in.......

cos a giant rally is on....
31/10/2014 02:24
pdtan There must be big significant volume, eg 500,000.... otherwise it will have to wait another one-two months....
31/10/2014 02:58

-------------------------------------------------------------------------------------

Aiiiiiiiiiiyyyyyyiioooooooooooooooooo

@pstree & 1malaysia !!!!!

This bloody syndicate is 6-4months late ahhhhhh...

Did you get in back??/

my chart was expecting a berri big one...woh...

Bilis Bilis

2,160 posts

Posted by Bilis Bilis > 2015-05-05 16:02 | Report Abuse

so today we are (441,658lots) going to hit 500,000lots as expected above...so THE BIG ONE.....

Posted by prudentinvestor > 2015-05-05 16:22 | Report Abuse

How many people made money when Kinsteel went up from 15 sen to 30 sen in a matter of days last August? Small investors always lose money.

daxter

2 posts

Posted by daxter > 2015-05-05 21:29 | Report Abuse

anyone can share the reason why it suddenly goes up?
thanks.

cherry88

980 posts

Posted by cherry88 > 2015-05-05 21:56 | Report Abuse

buy on rumours...........the Chinese investor has finalised the terms, and agree inject money into it, and revamp the whole op....to announce soon....

cherry88

980 posts

Posted by cherry88 > 2015-05-05 21:58 | Report Abuse

will suspense soon..........limit up upon reopen....buy now before too late....

Posted by davidtheman > 2015-05-06 06:40 | Report Abuse

Tp 40sen.

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-06 10:16 | Report Abuse

So long as it is jus a MOU signed, must be careful, that is all. Take risk at your own peril.

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-06 10:30 | Report Abuse

Big sharks buy and accumulate before announcement. Ikan bilis buy after that, be careful. So long as it is MOU signed to do feasibility study, be wary of this trap. Better hit n run and earn coffee money.

Bilis Bilis

2,160 posts

Posted by Bilis Bilis > 2015-05-06 13:39 | Report Abuse

Bilis Bilis Zai Zai if share placement at 0.30, it still cheap lol
05/05/2015 15:37


Zai Zai 申时 will have surprise
06/05/2015 12:05

---------------------------------------------------------------------------

P.Price @0.30, so far among the myriad of announcements/articles, this is the most direct and pertinent to my charts.......

Surprise should start earlier.....未时

I expect a 4 mths push.......this month 0.42 and pull back support 0.32.

Those who have bee stuck FOR YEARS should CHOOSE your exit WISELY!!!!
06/05/2015 13:11

aliyusof

1,393 posts

Posted by aliyusof > 2015-05-06 15:22 | Report Abuse

My advice: last chance to exit...

Bilis Bilis

2,160 posts

Posted by Bilis Bilis > 2015-05-06 15:59 | Report Abuse

Posted by aliyusof > May 6, 2015 03:22 PM | Report Abuse

My advice: last chance to exit...

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4.00-4.30pm...train start

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