Posted by Jerung > 2024-03-14 14:56 | Report Abuse

Whats the story .... hope on Bus :)

Posted by Orson Chin > 2024-03-14 21:24 | Report Abuse

India business sold and get back money ?

Posted by trader808 > 2024-03-14 22:33 | Report Abuse

1. The company has some time ago acquired Real Jade a cement company in China for RM240M of which it is still owing Rm119m including interest payment.

2. Mudajaya has a proposal and resolved to undertake a right issue together with free warrant to raise sufficient fund to pay the creditor, Real Jade.

3. The right share has been fixed at 17sen and ever since the share price has tumbled down and for several weeks has been languishing without volume at 13.5sen until this morning.

4. It is not difficult to understand why they must push up the share price to 17sen and slightly beyond in order to attract potential investors to subscribe for the right shares.

5. For any price below 17sen, no one would subscribe to the right shares and the fund raising exercise would fail and the debts will not be paid. There will be implication and consequences.
6. In my opinion, this is the reason for the sudden volume and volatility this morning.

7 There is trading opportunity but the risk is enormous.
You must hit and run to profit from it.
8. I shall refrain.
14/3/24

Posted by xiaoeh > 2024-03-14 22:43 | Report Abuse

Thanks Trader808
come just in time

Posted by xiaoeh > 2024-03-14 22:47 | Report Abuse

Btw Dear Trader808
where did you get to learn this no.2 infor ha?
mind sharing?

2. Mudajaya has a proposal and resolved to undertake a right issue together with free warrant to raise sufficient fund to pay the creditor, Real Jade.

Posted by Noni > 2024-03-14 23:11 | Report Abuse

Yeah, how you know is fixed at 0.17?

Posted by Bullish > 2024-03-15 00:11 | Report Abuse

It's already mentioned in the Multiple Proposal announcement.

But seems like no subsequent update on the RI issuance.

Posted by trader808 > 2024-03-15 09:08 | Report Abuse

In its filing with Bursa several months ago.
15/3/24

Posted by xiaoeh > 2024-03-15 09:15 | Report Abuse

Thanks Bullish and Trader808

Posted by paktua73 > 2024-03-15 11:27 |

Post removed.Why?

Posted by xiaoeh > 2024-03-15 12:22 | Report Abuse

wah...
poem trader is here
may i know what do think abt Mudajya?
are you buying? at what price?

Posted by Solomon007 > 2024-03-15 14:05 | Report Abuse

RE story will develop.

Posted by ZenSen > 2024-03-16 21:28 | Report Abuse

My cost is 22 cents. Should I wait to rebound?

Posted by Solomon007 > 2024-03-30 20:54 | Report Abuse

New chieftain?

Posted by supersaiyan3 > 2024-04-01 10:03 | Report Abuse

trader808, thanks for the update!

What's the situation of the 4 Fxxking power plants in India?

Posted by Solomon007 > 2024-04-03 19:50 | Report Abuse

@supersaiyan3, like no accountability? Sigh...

Posted by trader808 > 2 months ago | Report Abuse

1.Finally the rabbit has come out of the magical hat.
They settle part of the Real Jade acquisition debts by issuing new shares.

2. The amount is 55m and the consideration price is 22sen. Hence, the seller was given 250m new shares.

3. Minority shareholders immediately suffer a proportionate share dilution. In some way they actually help to pay the seller. This also means the company does not have sufficient cash to discharge the acquisition price. Considering the on going situation, it is not surprising that the seller is willing to accept new share as payment and agreed to the consideration price of 22 sen whereas the quoted share prices have been languishing between 13.5sen to 16sen

4 In the coming days, the company will continue to undertake a right issue exercise to raise fund to discharge the remaining debts.

5 You can read about it and find out the details in their circular to shareholders.

6 Until the debts are resolved and the the property and construction industry in China improve and the acquired cement company begins to generate meaningful revenue and profit, one should not be overly excited about M despite it selling at low price.

7 There is a huge difference between low and cheap. Think about it.

8. This is my personal and layman perception of the counter. It is not a recommendation to buy or sell and much less intended to influence you investment decision.

9 Trade wisely
21/6/2024

Posted by A_Elder > 2 months ago | Report Abuse

Should test 17c and above soon

Posted by FLYER > 1 month ago | Report Abuse

Will anyone buy the Rights at 0.17 when it is 0.14 now??

Posted by manfred > 1 month ago | Report Abuse

i don't think anyone will subscript since is no benefit at all. market price is 0.14 which 0.03 less than propose at 0.17 and even free warrant will at 0.05 just a different of 0.02. why take risk .. is mainly for their own internal wayang

Posted by Kkristal > 1 month ago | Report Abuse

How to test 17c, no one buying

Posted by AlfI3 > 1 month ago | Report Abuse

Again another case of abusing & manipulating company's funds "https://theedgemalaysia.com/node/717951

Posted by trader808 > 1 month ago | Report Abuse

1.Trading of rights will begin on 10/7/24 and that is tomorrow. Considering that the right share is priced at 17 sen and the current market price is 14.5 sen, the rights therefore has no intrinsic value.
2. It is worthless. In addition the fund raising exercise is specifically intended to pay off cement factory acquisition debts has further dampened market and investors' interest.

3. On the plus side , the management is addressing the long overdue debts issue. Once this is resolved and when the property and construction industry in China improves and the demand for cement is forthcoming, M company could potentially recover and slowly bounce back.
4. Unfortunately, in the immediate term a V shape bounce back or a significant recovery is not expected.

5 Investment is about efficient allocation of capital resources. There is a difference between price and value. At 15 sen it is a low price but not a cheap price.
Die hard investors, it is time to move out and move on.

6.Mr Columbus. it is not a bad idea to sail out and to conquer new promising and prosperous territories elsewhere in Bursa.
7. Trade wisely.
9/7/2024

Posted by AlfI3 > 1 month ago | Report Abuse

Traded808, thx for d wise advice. Good luck of shares trading to u too

Posted by Kkristal > 1 month ago | Report Abuse

wait lower price

Posted by speakup > 1 month ago | Report Abuse

Underwriter is screwed! Have to take all the Rights at 17

Posted by AlfI3 > 1 month ago | Report Abuse

After tat the underwriter will hav to support the prc up, otherwise shall dey cry for no tears?

Posted by Willy99 > 3 weeks ago | Report Abuse

Over subscribed

Posted by trader808 > 3 weeks ago | Report Abuse

Mudajaya now has 2125m shares. At 12.5sen it has a market capital of RM255m. On 6th of August 531m new shares will be added and the enlarged capital will be 2657m shares.
Therefore the price would be RM255m divided by 2657m shares is 9.5sen theoretically.

2. For those who are attracted by the sweetener of free warrants and opted to pay 17sen for the right shares whereas the mother shares is trading at 12 sen is unwittingly wasteful. It is unthinkable anyone would want to subscribe to the right shares and much less the excess shares. Yet, it happened and is true.

3The warrant has a life span of 3 years. The exercise price is 22 sen. Considering that the share is trading at 12sen it therefore has no intrinsic value,

4 Warrant has 2 price components. The intrinsic value and time value. When market opens on the 6/8/24 it will be interesting to see how much investor would value the warrant with 3 years of time value.
5. It will not be good.
Trade wisely
2/8/24

Posted by xiaoeh > 3 weeks ago | Report Abuse

cut loss at 0.145 months ago
nvm
move on
Thanks Trader808 for your sharing

Posted by Vincenzo999 > 3 weeks ago | Report Abuse

Buy Topglov Xiaoeh. Opportunity come again. Just accumulating, don't wait for the lowest. You will miss it again 🤣

Posted by xiaoeh > 3 weeks ago | Report Abuse

Posted by Vincenzo999 > 49 seconds ago | Report Abuse
Buy Topglov Xiaoeh. Opportunity come again. Just accumulating, don't wait for the lowest. You will miss it again 🤣

waiting at 0.795 bro...
是我的不会错过
会错过的不是我的...

Posted by Vincenzo999 > 3 weeks ago | Report Abuse

Your choice. Wish you goodluck.
If drop to 0.795 I will hattam 200k.

Posted by speakup > 3 weeks ago | Report Abuse

trader808 lu sangat pandai twist twist numbers

Posted by speakup > 2 weeks ago | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2024/08/08/ex-employee-ordered-to-repay-mudajaya-secret-profits-of-rm43-5mil/

Posted by Ahmad Cendana > 4 days ago | Report Abuse

The power of emotion and sentiment - dangerous to have these when it comes to risking one's capital. But I do have these, unfortunately, no thanks to Mudajaya being one of my favourite counters a decade ago. Still following its price movements despite everything screaming to stay away. And today it closed at the lowest ever 0.11...
Even if one gives it benefit of the doubt and `sangka baik' - that things are better controlled whereby it's being run like a tight ship right now - we still have to take into account the economic and business challenges Mudajaya is facing. If its main business is in China, that's not a good place to be right now regarding anything construction-related. Including the cement manufacturing business. Just last week, China's steel industry has warned about the current tough environment, which will only get worse regarding the weak demand. It's likely the same with cement.

Can't dismiss the possibility that the share price might suddenly go up. Especially if those with vested interests want this to be so, to suit whatever objective they might have. So it's possible to make some quick money. But it's also likely it will continue suffering that "Death by a thousand cuts" - of the share price falling bit by bit. One needs "a bit" of good news to even consider speculating a bit of money in Mudajaya. And this has been lacking thus far.