Posted by rlch > 2015-05-06 11:56 | Report Abuse

Many q to buy at 59sen only but question can it be done? Who want to sell so low?

Posted by s2015 > 2015-05-06 12:00 | Report Abuse

Aiyah! What is the difference buying at 59.5 or 60.0 cents. I bought at 87 cents & have lost a small fortune already.

Posted by s2015 > 2015-05-06 12:01 | Report Abuse

What I want to know is how to issue the board of directors to recover my losses.

Posted by keanchung > 2015-05-06 12:02 | Report Abuse

（吉隆坡5日訊）稽查師放棄對截至2014年12月31日止財政年賬目發表意見，RA電訊（RA，0110，創業板貿服組）即日起列為GN3陷困公司。

根據文告，該公司2014財政年營業額下跌15.92%，至3千235萬1千221令吉，淨虧則從318萬2千718令吉，大幅擴至2千666萬1千253令吉。

The next one is masteel ?

Posted by rlch > 2015-05-06 12:06 | Report Abuse

Masteel major shareholder just exercise warrant at 67sen last month not same as RA major shareholders keep disposing.

Posted by rlch > 2015-05-06 12:07 | Report Abuse

I agree with s2015. I also bought at 60sen today.

Posted by davidkkw79 > 2015-05-06 12:09 | Report Abuse

Yes, i agree with u as well...time to buy in largely

Posted by r°Moi > 2015-05-06 12:23 | Report Abuse

In 2014... Property, Plant & Equipment up 54m

PPE up 54,000,000
PAT 15,797,000
EPS 6.98


If 5m out of 54m !@#^&*
PAT 10.8m EPS 5.37 x 10 = 0.54


If 10m out of 54m !@#^&*
PAT 5.8m EPS 4.77 × 10 = 0.48


If 15m out of 54m !@#^&*
PAT 0.8m EPS 0.40 x 10 = 0.40


Bad debts not included


These are just guesses..... for reference

Posted by r°Moi > 2015-05-06 12:28 | Report Abuse

Lost of reputation also not included

Posted by tanbb > 2015-05-06 15:36 | Report Abuse

keep dropping..alamak

Posted by rlch > 2015-05-06 15:41 | Report Abuse

Perhaps some staffs in acct dept resigned hence the audit issue? Anyone can confirm?

Posted by rlch > 2015-05-06 15:44 | Report Abuse

Staffs resigned can be replaced although they might take time to familiar with Masteel accounts hence more time is needed to complete the audit.

Posted by wisdomtot > 2015-05-06 15:45 | Report Abuse

in the end, it could be just an avoidable technical error on the audit query...

Posted by samcghee > 2015-05-06 15:52 | Report Abuse

Now everybody brain is ??????? unlimited question?. Bursa surely take necessary action for those delay in releasing audited financial statement.If the action is strict, then price will flactuate more wider.

Posted by Johnnys > 2015-05-06 16:14 | Report Abuse

today it hit 5 years low, next week still possible hit 5 years low,
Maybank given 0.39, is possible? just wait and see. God know the answer now.

Posted by rlch > 2015-05-06 16:20 | Report Abuse

Do major shareholder Tai sell any of his shares since the audit issue? He should know Masteel better than anyone of us here.

Posted by yfchong > 2015-05-06 16:23 | Report Abuse

jualan murah......

Posted by davidkkw79 > 2015-05-06 16:24 | Report Abuse

HUrry up buy in

Posted by rlch > 2015-05-06 16:32 | Report Abuse

Anyone know by when Tai must report to Bursa should he sell any of his Masteel in recent melt down?

Posted by tanbb > 2015-05-06 16:34 | Report Abuse

jualan murah?
wtf..cut lost..

Posted by yfchong > 2015-05-06 16:36 | Report Abuse

another silver bird...,until the dust settle buy some till the announcement of ............

Posted by bearguy > 2015-05-06 16:37 | Report Abuse

Tai cant sell share at the moment. IF he sell now and turn out bad news, it will be insider trading. non of the directors can sell the shares directly even though they know is damn bad news. SC and bursa will enquiry and check them. Even worse

Posted by bearguy > 2015-05-06 16:40 | Report Abuse

the only thing they can do is exercise the wa, because it will be worthless soon in 5months time. They forsee the situation and they knew they cant sell directly to market. Exercise the warrant is the only option. They also know they cant push the mother share price back above 76. tak kan hold warrant and jump into sea.

Posted by rlch > 2015-05-06 16:40 | Report Abuse

If Tai is not selling who is selling that make Masteel drop non-stop?

Posted by bearguy > 2015-05-06 16:41 | Report Abuse

fund manager and asset manager perhaps?

Posted by bearguy > 2015-05-06 16:48 | Report Abuse

3 more trading days left, then after that want sell also wait till june ba. Good luck guys

Posted by tanbb > 2015-05-06 16:50 | Report Abuse

why wait till june?

Posted by bearguy > 2015-05-06 16:52 | Report Abuse

12 of may will bursa will suspend it. Masteel predict the external auditor need 5-6 weeks at least.

Posted by bearguy > 2015-05-06 16:55 | Report Abuse

contra player will have higher opportunity cost to do this. once it resume trading, either pergi northpole or southpole. IF you arent a high risk taker, pls reconsider ur strategy

Posted by bearguy > 2015-05-06 16:56 | Report Abuse

sked u one month x boleh tidur

Posted by Alex Chan > 2015-05-06 16:57 | Report Abuse

greed.
it is now either a big hole or a humungous hole
yet people still want to gamble

Posted by Alex Chan > 2015-05-06 17:00 | Report Abuse

funny. it is like flies attracted by a zapper

Posted by beso > 2015-05-06 17:05 | Report Abuse

very similar redchip counter，shareholders all being conned

Posted by rlch > 2015-05-06 17:21 | Report Abuse

high risk high gain. What if audited account is ready before May 12?

Posted by r°Moi > 2015-05-06 17:32 | Report Abuse

You are kind of romantic........

Hopeless romantic

Posted by yfchong > 2015-05-06 17:42 | Report Abuse

can carry on courting....,

Posted by tanbb > 2015-05-06 17:50 | Report Abuse

dig a hole and jump inside ...

Posted by r°Moi > 2015-05-06 18:19 | Report Abuse

If it is just bad debts... maybe can... before 12 May

Posted by tjhldg > 2015-05-06 19:37 | Report Abuse

:)

Posted by matakuda > 2015-05-06 20:27 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4728837

All steel makers rugi except for Masteel. You know what I mean, don't you?

Posted by Alex Chan > 2015-05-06 20:37 | Report Abuse

Yes. I also wondered how masteel ran against the tide. Now, we might find out soon

Posted by Johnnys > 2015-05-06 21:02 | Report Abuse

after end of June... I think it will apply for extension again. will it below RM 0.20 begin of July......

Posted by Johnnys > 2015-05-06 21:03 | Report Abuse

it always happened to those company cannot submit the report, few time extension and than go to PN 17.

Posted by tanbb > 2015-05-06 21:04 | Report Abuse

really no eyes see if keep on like tht..

Posted by rlch > 2015-05-06 21:11 | Report Abuse

Posted by matakuda > May 6, 2015 08:27 PM | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4728837

All steel makers rugi except for Masteel. You know what I mean, don't you?


Someone jealous of Masteel? Like my Icon checked by MACC not others.

Posted by wisdomtot > 2015-05-06 21:19 | Report Abuse

Masteel no problem to such degree la, mere speculation..... audit is not one off..but every quarter, annual... maybe audit firms become more stringent after being blamed in 1mdbee case..

Posted by s2015 > 2015-05-06 22:02 | Report Abuse

Tai is playing against the ordinary shareholders instead of taking care of their interests. Otherwise, he should have come out with more information instead of letting Masteet dropping like a stone every day.Is this good governance? The whole board of directors are supposed to have attended directors training but to no use.

Posted by AlexanderJin > 2015-05-06 22:11 | Report Abuse

244,495,903(100%) shares issued... 41,331,800(17%) traded in the past 5 days...really curious but dislike the uncertainties...

Posted by s2015 > 2015-05-06 22:21 | Report Abuse

Looking through the Dec 31 2013 annual report, stripping out the 30 largest shareholders, we get:
113 holders for 34131436 ordinary shares &
80 holders for 13811488 warrants.
The ordinary shares dropped from 84 cents to 58 cents & the warrants from 17 cents to 6 cents.
So total loss for per shareholder is 18,991 ringgit & warrants holders is 78,532 ringgit.
It's extremely painful(just like me). & more so because we feel cheated!
That's why we need to seek legal redress!

Posted by s2015 > 2015-05-06 22:25 | Report Abuse

Hi! Guys! If you are a banker & a creditor & you see Masteel shares going down, you will be in a panic mood!
So you will stop giving out more loans & try to recall the loans if possible.
Without the loans coming in, you can run a business like Masteel!