Posted by TheContrarian > 2022-04-12 15:52 | Report Abuse

This one small free float, easy to push up high fast. There's always the privatisation rumours that come and go.

Posted by Let's Gooooo > 2022-04-12 15:54 | Report Abuse

JJPTR coming soon to warn newbies not to buy Mycron.

Posted by hoot9e996 > 2022-04-12 16:14 | Report Abuse

wow today so strong

Posted by TheContrarian > 2022-04-12 16:19 | Report Abuse

Go, go, go Mycron.

Posted by hoot9e996 > 2022-04-12 16:26 | Report Abuse

open eyes wide...
unbelievable not sure who is chasing now

Posted by TheContrarian > 2022-04-12 16:52 | Report Abuse

Nice closing.

Posted by Johnzhang > 2022-04-12 17:03 | Report Abuse

Hope mycron will drag Masteel, Tashin , melewar and Ssteel along higher substantially.

Posted by darkbishop > 2022-04-13 11:21 | Report Abuse

down oredi

Posted by hoot9e996 > 2022-04-13 15:41 | Report Abuse

considering the price movement, the comments are so little guess very little people into this counter

Posted by TheContrarian > 2022-04-14 16:03 | Report Abuse

Go, go, go Mycron.

Posted by TheContrarian > 2022-04-14 17:34 | Report Abuse

Nice closing, hopefully will breach 60 sen tomorrow.

Posted by hoot9e996 > 2022-04-15 09:12 | Report Abuse

round 2!!

Posted by hoot9e996 > 2022-04-15 09:15 | Report Abuse

70c here we go !!

Posted by hoot9e996 > 2022-04-15 09:37 | Report Abuse

what a morning mycron / melewar / melewar wb
all UP :)

Posted by hoot9e996 > 2022-04-15 09:40 | Report Abuse

see trap or ROCKET haha

Posted by nicholas99 > 2022-04-15 09:42 | Report Abuse

boss sudah letak quantity depan. tolong beli. haha. boss added selling quantity from 0.670 all the way to 0.700..

Posted by hoot9e996 > 2022-04-15 09:42 | Report Abuse

no news goreng... very scary 1. when news out ppl will sell on news

Posted by nicholas99 > 2022-04-15 09:44 | Report Abuse

pang baru masuk? gg.

Posted by nicholas99 > 2022-04-15 09:45 | Report Abuse

buy queue sell queue also same shark.. hehehe

Posted by hoot9e996 > 2022-04-15 09:46 | Report Abuse

what a day thanks mycron!!!

Posted by hoot9e996 > 2022-04-15 09:53 | Report Abuse

in before sold too fast, next week 80c ??? possible?

Posted by TheContrarian > 2022-04-15 10:22 | Report Abuse

Go, go, go Mycron.

Posted by darkbishop > 2022-04-15 12:17 | Report Abuse

Hope can close 70sen today

Posted by TheContrarian > 2022-04-15 13:26 | Report Abuse

Sold a bit at 67.5 sen this morning.

Posted by MunChunxX > 2022-04-15 13:37 | Report Abuse

70 sens let go

Posted by MunChunxX > 2022-04-15 13:37 | Report Abuse

DUIT RAYA!! <3

Posted by MunChunxX > 2022-04-15 13:38 | Report Abuse

Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.
After falling early in the session amid bearish jobs numbers and a ramp up in Gulf of Mexico oil output following Hurricane Sally, crude benchmarks reversed course to gain on the day, bolstered by comments from OPEC.

Posted by LossAversion > 2022-04-15 14:30 | Report Abuse

Mycron used to be a "laughing" subject of CSC and other steel big boys!! Is it still is, not sure??

Posted by darkbishop > 2022-04-15 14:30 | Report Abuse

Go go go

Posted by darkbishop > 2022-04-15 14:41 | Report Abuse

Come on Mycron..time to shine

Posted by TheContrarian > 2022-04-15 15:45 | Report Abuse

Go, go, go Mycron.

Posted by TheContrarian > 2022-04-15 16:34 | Report Abuse

Who wants to buy from me at RM1?

Posted by TheContrarian > 2022-04-15 16:48 | Report Abuse

Bought at 38.5 sen, sold at 67.5 sen already made a gain of 75%.

Posted by darkbishop > 2022-04-15 16:59 | Report Abuse

Nice closing

Posted by TheContrarian > 2022-04-15 17:32 | Report Abuse

Yes, nice closing. Hopefully will breach 70 sen next week.

Posted by darkbishop > 2022-04-15 18:22 | Report Abuse

Yeah hopefully..road to 70 sen

Posted by TheContrarian > 2022-04-16 20:33 | Report Abuse

No formal announcement yet means price will likely to continue to rally. Rumours have resurfaced that Melewar might privatize Mycron but at what price? Monday will either see a short price consolidation or another speedy climb up of price on huge buying volume like on Tuesday and Friday. My feeling is that price will eventually run far.

Posted by jackfruit > 2022-04-16 20:50 | Report Abuse

To take private unlikely. My speculation is Melewar might sell Mycron or a new partner come in. It will interesting to watch. If that happen Mycron will move above one ringgit.

Posted by VTrade > 2022-04-16 22:56 | Report Abuse

Perhap with guessing
615 to support
If no up still got 565 & 535

If no support will become 125
Then melewar very happy

Posted by VTrade > 2022-04-16 23:07 | Report Abuse

For the Contrarian
Nice done
Ada ape nice share in your eyes
Boleh cerita sikit tak?

Posted by TheContrarian > 2022-04-17 00:31 | Report Abuse

Melewar owns more than 74% of Mycron, its only significant subsidiary. Without Mycron, Melewar is nothing as the other subsidiaries contribute little profits. Only about 85 million shares are held by minority shareholders. On Friday volume traded hit almost 24 million shares (20 million in the first session and 4 million in the second session) and share price after racing to a the peak of 69 sen did not fall below 63.5 sen. This indicates that the selling by stale bulls (retailers who were stuck at above 60 sen) and profit taking (by retailers who bought below 60 sen) were well absorbed.

Posted by TheContrarian > 2022-04-17 15:03 | Report Abuse

If Melewar sells off Mycron as someone speculated, Melewar will be without an adequate business and will fall into PN17 classification as has happened to MAA (a related company of Melewar) several years ago resulting in all investment funds exiting from MAA as investment funds are barred from investing in PN17 classified companies, causing market price to collapse. Mycron despite having recording impressive earnings have not declared any dividend since December 2010, more than a decade ago! My hunch is that Melewar preserved Mycron's increasing cash balance to utilize it to buy out the 85 million shares owned by the minority shareholders via a Selective Capital Repayment (SCR). Mycron's cash balance has ballooned to RM110 million at end of December 2021.

Posted by TheContrarian > 2022-04-17 15:25 | Report Abuse

A privatisation of Mycron by Melewar at a fair price to minorities would be a win-win situation to both Melewar and Mycron's minority shareholders. Melewar gets complete 100% control of Mycron, the 26% balance taken over will enhance Melewar's own NTA. Minority shareholders get to exit at a fair price above the market price. In order to have sufficient take-up rate of any SCR, the offer price has to be above the highest market price in the last 12 months.

Posted by TheContrarian > 2022-04-17 15:28 | Report Abuse

The above argument provides the logic behind the rise of the both market prices of Mycron and Melewar as both shareholders benefit from this arrangement should it be proposed.

Posted by TheContrarian > 2022-04-18 09:18 | Report Abuse

Nice opening.

Posted by TheContrarian > 2022-04-18 09:23 | Report Abuse

Eh, everyone gone?

Posted by darkbishop > 2022-04-18 09:30 | Report Abuse

Go go mycron

Posted by TheContrarian > 2022-04-18 09:40 | Report Abuse

So quiet here.

Posted by darkbishop > 2022-04-18 09:47 | Report Abuse

everyone waiting mycron break 70 sen then they will come here & buy

Posted by TheContrarian > 2022-04-18 09:53 | Report Abuse

Go, go, go Mycron, go break 70 sen.