MYCRON STEEL BHD

KLSE (MYR): MYCRON (5087)

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Last Price

0.39

Today's Change

+0.02 (5.41%)

Day's Change

0.39 - 0.40

Trading Volume

11,100


3 people like this.

3,807 comment(s). Last comment by CT888 2 months ago

hoot9e996

1,813 posts

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

see trap or ROCKET haha

nicholas99

9,901 posts

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..

hoot9e996

1,813 posts

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

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

nicholas99

9,901 posts

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

pang baru masuk? gg.

nicholas99

9,901 posts

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

buy queue sell queue also same shark.. hehehe

hoot9e996

1,813 posts

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

what a day thanks mycron!!!

hoot9e996

1,813 posts

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

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

TheContrarian

9,497 posts

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

TheContrarian

9,497 posts

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

Sold a bit at 67.5 sen this morning.

MunChunxX

198 posts

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

70 sens let go

MunChunxX

198 posts

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

DUIT RAYA!! <3

MunChunxX

198 posts

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.

LossAversion

1,727 posts

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

TheContrarian

9,497 posts

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

Go, go, go Mycron.

TheContrarian

9,497 posts

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

Who wants to buy from me at RM1?

TheContrarian

9,497 posts

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

TheContrarian

9,497 posts

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

TheContrarian

9,497 posts

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.

jackfruit

544 posts

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.

VTrade

2,434 posts

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

VTrade

2,434 posts

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?

TheContrarian

9,497 posts

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.

TheContrarian

9,497 posts

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.

TheContrarian

9,497 posts

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.

TheContrarian

9,497 posts

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.

TheContrarian

9,497 posts

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

Nice opening.

TheContrarian

9,497 posts

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

TheContrarian

9,497 posts

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

TheContrarian

9,497 posts

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

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

mf

29,190 posts

Posted by mf > 2022-04-18 10:04 | Report Abuse

tp 0.860

Posted by Silentreader88 > 2022-04-18 10:06 | Report Abuse

why so fast climbed up, should just buy laggard like hiaptek?

hoot9e996

1,813 posts

Posted by hoot9e996 > 2022-04-18 10:06 | Report Abuse

just to add with the melewar owning 75% of mycron,
also means the free float for trading in this counter is SUPER small very GORENGable lol HOOOT ahhh

TheContrarian

9,497 posts

Posted by TheContrarian > 2022-04-18 10:08 | Report Abuse

70 sen broken ...... don't buy HiapTeck! Don't touch it!

TheContrarian

9,497 posts

Posted by TheContrarian > 2022-04-18 10:24 | Report Abuse

Go, go, go Mycron.

maf1964

466 posts

Posted by maf1964 > 2022-04-18 10:30 | Report Abuse

crossed 70 sen but dont see people rushing in to buy

maf1964

466 posts

Posted by maf1964 > 2022-04-18 10:31 | Report Abuse

what was mycrons highest price in the last 1 months anyone ?

TheContrarian

9,497 posts

Posted by TheContrarian > 2022-04-18 10:31 | Report Abuse

72 sen.

263263

124 posts

Posted by 263263 > 2022-04-18 10:35 | Report Abuse

should be got good new

maf1964

466 posts

Posted by maf1964 > 2022-04-18 10:38 | Report Abuse

sorry, i meant last 12 months ..( contrarian)

TheContrarian

9,497 posts

Posted by TheContrarian > 2022-04-18 10:41 | Report Abuse

Last 12 months high is 98.5 sen, also last 5 years high

maf1964

466 posts

Posted by maf1964 > 2022-04-18 11:25 | Report Abuse

TQ CONTRARIAN

TheContrarian

9,497 posts

Posted by TheContrarian > 2022-04-18 11:32 | Report Abuse

Welcome

mf

29,190 posts

Posted by mf > 2022-04-18 15:45 | Report Abuse

target rm1.38

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