Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-07-31 10:02 | Report Abuse

Resulit Green 23.12% Bad is over, Time to buy.

Posted by Albukhary > 2020-08-06 17:17 | Report Abuse

next GEM

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-08-11 22:19 | Report Abuse

today up 0.015 cents 25% up . Its going uptrend, if break 0.09 cents will fly to 0.25 cents.

Posted by Karlos > 2020-08-11 23:17 | Report Abuse

Oil price experiencing strong rally. About time for M&G to move up after a long hibernation. Time to wake up!!!

Posted by Albukhary > 2020-08-11 23:34 | Report Abuse

Bank are willing to convert its outstanding debt to RM0.10 per share.
Why you are not willing to invest RM0,075 per share?
Do you think bank is stupid?

As a 20 years investor and businessman, let me share my opinion to you.

For investor to invest in penny stock, the most worries thing is the company went into bankrupt, that mean your share will be totally gone. 2nd, we worry it will call for right issue; 3rd we worry it will propose consolidation of share.


For M&G, first we no need to worries it will went into bankrupt, why? Because bank is her creditor, if bank know this company will bankrupt soon, do you think bank willing to convert its debt become share in this going to bankrupt company?

Second, right issue. Once its has completed its debt restructuring plan, M&G will have no problem to meet its monthly debt obligation, so no need to call for right issue. Since the fleet utilisation is still consider low (around 70%), very unlikely it will call for right issue for business expansion.

Third, as bank will become its biggest shareholder, I believe bank will not agreed to any proposal to consolidate the share, because share consolidation will always harm its existing shareholder, especially for the bank who subscribe the share based on RM0.10, which is almost 25% above its current market price.

So, I oredi put my money into your pocket, it is up to you to decide whether you want to keep it, spend it or ignore it.

Posted by 1stDegreeBurn > 2020-08-13 14:44 | Report Abuse

Thank you Mr Albukhary. i placed some small wager yesterday at 7c.

Posted by Eric963708 > 2020-08-13 17:03 | Report Abuse

mostly coment fr Albukhary at here,

Posted by yapts > 2020-08-13 17:21 | Report Abuse

Talk big as if he knows so much about M & G.

Posted by yapts > 2020-08-13 17:26 | Report Abuse

To play safe about this penny stock, buy below 0.055

Posted by 1stDegreeBurn > 2020-08-14 15:56 | Report Abuse

Guess I will continue collecting... Thanks guys

Posted by yapts > 2020-08-21 17:11 | Report Abuse

Volume building up. Price will be push up to lure more people in.TP: 0.095

Posted by Albukhary > 2020-08-23 19:58 | Report Abuse

I heard there is a big group of investor who previous invested a lot at AIRASIA, decided to move their fund to penny O&G counter, as there need a fast way to recover their lost in AIRASIA before the year end.

Based on their study, O&G could be the sector that have the most potential, as the demand for O&G has recover. For China, the demand for O&G has back to the normal level before Covid, so they foresee same recovery will apply to other countries as well. So now is the right timing to accummulated O&G stock.

M&G, being one of the cheapest O&G player, has the most potential to gain a lot in term of %, reason being:-

1) It is dirty cheap (7sen), easily can gain 100% or 200%.
2) Its debt restructuring scheme has completed, meaning it wont facing any debt problem / default loan in next 3-5 years.
3) All this while its loss making is due to high interest. After this debt restructuring, it will save a huge portion on interest expenses.
4) Bank agreed to converted RM150mil of loan into share @ RM0.10 per share. Mean, now bank are their shareholder, and bank is paying RM0.10, while you can get RM0.07.


Please imagine, you are running a company, and your company borrow RM1 mil term loan from Bank. Now, you have no enough money to pay loan, instead of bank sue you or force sell your property, bank offer to convert the loan become share. Mean, bank will become your shareholder, your term loan will convert become paid up capital. Mean, you no need to payback to the bank anymore.

Posted by 1stDegreeBurn > 2020-08-25 16:15 | Report Abuse

Thank you Mr Albukhary, "Hamstering" i still am...

Posted by manmin > 2020-08-26 14:57 | Report Abuse

Next tp? Any tip

Posted by yapts > 2020-08-26 15:02 | Report Abuse

sold all @0.095.

Posted by OMR@obm_4558 > 2020-08-26 15:25 | Report Abuse

gogogoooo......

Posted by yapts > 2020-08-26 15:39 | Report Abuse

will buy back when come down to 0.06

Posted by 1kking > 2020-08-26 15:47 | Report Abuse

another sapnrg in the making

Posted by Albukhary > 2020-08-26 15:51 | Report Abuse

Just buy & hold... This is very safe stock, I will never sell any single lot before it reach minimum 15sen

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-08-26 23:44 | Report Abuse

engine start i am still keeping 400,000 units cost price 0.065 cents.

Posted by Albukhary > 2020-08-27 03:06 | Report Abuse

@GOODLUCK, congratulation. I will push it higher to help you gain at least 200%.

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-08-27 23:01 | Report Abuse

Albukhary push to 0.15 cents i sale. $$$$$$$$$$$$$

Posted by Nadayu > 2020-10-01 20:45 | Report Abuse

any news ?

Posted by Nadayu > 2020-10-21 21:09 | Report Abuse

0.08 coming

Posted by Nadayu > 2020-11-08 19:42 | Report Abuse

tomorrow up

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-11-13 02:18 | Report Abuse

collect 0.075 cents going to play soon.

Posted by flyingtomoon2020 > 2020-11-13 02:38 | Report Abuse

M&g gogogo

Posted by flyingtomoon2020 > 2020-11-13 02:38 |

Post removed.Why?

Posted by Nadayu > 2020-11-13 18:15 | Report Abuse

why up ?

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-11-14 08:16 | Report Abuse

I have 600,000 units Yahooo !!!!!!

Posted by Zenithopia > 2020-11-16 14:51 | Report Abuse

another round

Posted by Albukhary > 2020-11-30 09:31 | Report Abuse

Please pay some attention into this counter.
Someone collecting..
Uptrend soon..
O&G theme..

Posted by Albukhary > 2020-11-30 09:31 | Report Abuse

$$$ ^v^ GOODLUCK ^v^ $$$, you got 600,000 units, this round can be huat d, woohoo!

Posted by Albukhary > 2020-11-30 13:05 | Report Abuse

Quarter result announce soon in next few weeks.
From loss to profit, sure this counter will above RM0.15

Posted by Albukhary > 2020-11-30 13:07 | Report Abuse

Very small share.. I think RM5mil can push the share price to 15sen d

Posted by Eric963708 > 2020-12-01 16:29 | Report Abuse

@Albukhary,only u had most comments recently, u so confident on it?

Posted by Albukhary > 2020-12-02 01:21 | Report Abuse

Eric963708, yes, I am very confidence. This counter sure will perform better.

This is the cheapest O&G counter with no risk of bankruptcy, as they have just completed the debt restructuring, and bank has agreed to convert partial of their loan into preference share.

Therefore, the risk of bankruptcy is very very low, coz bank is not a investor, the share price must go up above 10sen, then only bank can convert the preference share, then sell to market and get back their loan amount.

Now 8-8,5sen is very very cheap for you to accumulate, but very limited share only, if you want to buy big volume, please buy slowly slowly, 50k, 100k, dont directly key in buy order 500k

Posted by Albukhary > 2020-12-02 16:44 | Report Abuse

Last call.

Posted by Albukhary > 2020-12-06 00:04 | Report Abuse

Huge profit will be announce this month!

Posted by Nadayu > 2020-12-06 18:08 | Report Abuse

yes.good buy now

Posted by Albukhary > 2020-12-10 02:02 | Report Abuse

Seriously, this is the last call d.. If you dont buy now, you will buy at 12-13 sen

Posted by Albukhary > 2020-12-10 16:32 | Report Abuse

Huge profit will be announce this month

Posted by Albukhary > 2020-12-16 02:09 | Report Abuse

Last call last call, buy now or never.

Posted by Nadayu > 2020-12-19 14:06 | Report Abuse

Monday up

Posted by Albukhary > 2020-12-21 02:18 | Report Abuse

Seriously, this is the last call d.. If you dont buy now, you will buy at 12-13 sen

Posted by Albukhary > 2020-12-23 18:08 | Report Abuse

Boom Boom Boom....
470% QoQ, and 561% YoY.
Best O&G gemstock

Posted by cccthierry > 2020-12-23 19:12 | Report Abuse

profit more than revenue, do you really think ppl don't know how to read financial report?

Posted by Albukhary > 2020-12-23 23:14 | Report Abuse

cccthierry, you must not understand too much about this company.

Let me guide you step by step, so you can understand more.

O&G is a asset heavy industry, all O&G company have to invested a lots in Property, Plant & Equipment (PPE), and all these PPE are finance through term loan / bond.

And because of the asset and borrowing, most of the O&G company are facing accounting loss, because the PPE depreciation cost will be a big portion of its expenses, and the financing cost is even worst.

For M&G, initially this is a company worth 70-80sen, but due to the O&G downtrend in the past few years, its revenue can't even to afford its depreciation and financing cost, and a lot of its borrowing is due soon, so it facing a risk of dissolvency.

However, in the past 18 months, M&G are trying hard to restructure its debts, and finally they have convince the bank to convert the loan into preference share, and this preference share is convertible to ordinary share @ 10sen per share.

After the restructure, M&G short term debt has been resolved, and it has benefited from the debt restructure, as it save about RM100mil financing cost from the debt restructuring. With the new debt term, M&G has solve its cash flow problem, and its save the interest cost for future.

And for the banker, they converted the loan into preference share, so now they become the shareholder of the company. As this preference share are not transferable, so these banker must push the share price above RM0.10, then only they will convert the Preference shares into Ordinary share.

Ask yourself 2 question:-

1)Now M&G is 7.5sen, do you think you have any risk? Since the banker are holding it at the cost of 10sen per share.

2) With the O&G trend coming back, with the lower interest cost in future, do you think O&G will perform worst than the past? This company used to worth 70-80sen, now 7.5sen, don't you think minimum it will back to 20sen.

Posted by Albukhary > 2020-12-23 23:20 | Report Abuse

Target Price

1st Level : 10sen
2nd Level : 16sen
3rd Level : 22sen

Posted by Albukhary > 2020-12-23 23:21 | Report Abuse

EPS 7.75 sen
Share Price 7.5sen

You tell me where to find this kind of stock in Bursa Malaysia