@TheContrarian, yes, Mycron and Masteel are not related. As I have much higher exposure in Masteel than in Mycron, I am happy and excited to see Masteel share price is going higher along with Mycron.
@Johnzhang, didn't know you have invested in Mycron, good that you have Mycron. I have made good money from Masteel two years ago, you can find my comments there.
In a proposed SCR situation for Mycron, the highest possible offer price is probably RM1 20 which is too generous in view that the highest market price in the past 5 years is only 98.5 sen. The likely offer price is RM1 and anything higher is a bonus.
PN17 stands for Practice Note 17/2005 and is issued by Bursa Malaysia. In general, PN17 companies normally have some financial difficulties. As such, investors get quite worried when some fo the shares they hold are for PN17 companies.
Mycron is not under financial distress past 6 qtrs still making decent profit auditor did not issue any statement on its financial position that rendered it to b classified as a PN 17 co
@High5, don't be lazy. Go read about MAA Group Bhd been classified as PN17 for 10 years after disposing it's main insurance business. And don't spread fake news that Mycron is PN17.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mf
26,828 posts
Posted by mf > 2022-04-18 10:04 | Report Abuse
tp 0.860