Posted by PARKER > 2021-09-28 12:35 | Report Abuse

RI Exercised. Good time to buy in more... Huat

Posted by hongchai > 2021-09-28 14:21 | Report Abuse

How to subscribe to the rights issue?

Posted by chaos012 > 2021-09-28 16:43 | Report Abuse

How to subscribe the RI?

Posted by Lee Eric > 2021-09-28 16:47 | Report Abuse

Ask your remisier. They will guide you

Posted by algo_trader > 2021-09-28 17:41 | Report Abuse

When can we subscribe to the RI? After 5.00 P.M. ON 29 SEPTEMBER 2021? Or has the subscription period passed?

Posted by hakubasnow > 2021-09-28 21:18 | Report Abuse

@ algo_trader If you bought Masteel mothershare you can either :

1.) Wait for the NPA & RSF forms, send by mail to you from Share Registrar
2.) Make photocopies of the forms which you can download from Bursa website (beginning 29/09)
3.) Apply the rights via Bursa Anywhere website

For 1.) & 2.) you must fill in the NPA & RSF forms, purchase bank draft and stamp hasil and send by courier (much safer) and it must reach on or before 14/10/21

Posted by algo_trader > 2021-09-29 09:16 | Report Abuse

Thanks. I'm using Bursa Anywhere. Just that it is not able to subscribe yet so wondering about when can I do that.

Posted by Icon 888 > 2021-09-29 09:19 | Report Abuse

Master of steel return

Posted by hakubasnow > 2021-09-29 09:25 | Report Abuse

@ algo_trader You need to wait a few days. Today the company will publish the NPA & RSF & Abridged Prospectus.

Posted by Icon 888 > 2021-09-29 10:19 | Report Abuse

See The return of master steel episode 1

Posted by PARKER > 2021-09-29 10:27 | Report Abuse

Good price to subscribe!

Posted by Iknow666 > 2021-09-29 10:56 | Report Abuse

Come on masteel! Nice move!

Posted by jlex11 > 2021-09-29 11:12 | Report Abuse

lknow666 @ ; Come on masteel! Nice move!

Will it go higher or limit up...? What does your sifu say..

Cheers..

Posted by bct2619 > 2021-09-29 12:41 | Report Abuse

Any ideal what d exser. Price for d Warrant???

Posted by Icon 888 > 2021-09-29 18:50 | Report Abuse

Masteel better Than Lionind

Posted by smartly > 2021-09-30 13:20 | Report Abuse

price for warrant is around 7c to 8c most likely.
if the prospect of steel is good in the near future, then can go above 10c.

Posted by nakata > 2021-09-30 17:10 | Report Abuse

Masteel is better than Lionind, but it is not good at all if compared to other steel counters, and sadly i've owned it

Posted by Johnzhang > 2021-10-01 10:33 | Report Abuse

Let's evaluate risk and return :
6 months share price B4 ex date ;
H - $0. 87, L- $0.48, Avg- $0.675.
After factoring the RI & warrant , the adjusted prices are
H-$0.635, L-$0.44. Avg -$0.54

Cost of acquiring via OR = $0.095 +$0.395 =$0.49 ( you get 1 mother share plus one free warrant)

Assuming the likely outcome that share price recover after RI to the average level (ie $0.54), your return will be :
$0.54 +$0.20 (est price for Wr) = $0.74 vs your cost of $0.49. ie 51% return.

If steel price remain high and company's profit improve, it's share price may to return to the 6 mth H ($0.635). Your possible return : $$0.635 +$0.28(est price wr) =$0.915 vs your cost of $0.49 ie 87% return .

Sound realistic?

Posted by babanono > 2021-10-01 18:59 |

Post removed.Why?

Posted by smartly > 2021-10-03 13:11 | Report Abuse

babanono Check it out what this man say about Masteel ..

https://www.youtube.com/watch?v=VKITlosEka0&ab_channel=Jichengzhe1.0
01/10/2021 6:59 PM

aiya...everyone also become share expert now by posting to youtube.
see so many doing so in youtube. are they really good or just sharing for the sake of fame or advertisement income ?
this guy look 'lengchai' only & inexperience. sharing not in-depth & probably some mistakes here & there.
e.g :-
are banks really personally owning/invest those shares or they are just nominee to so-and so ?
giving bonus issue because company making good money ?

sharing too shallow & obviously he is still greenhorn in stock market.

Posted by Johnzhang > 2021-10-04 19:55 | Report Abuse

Irrespective of what the ' lengchai' said in the YouTube, I think masteel is fundamental very sound and going to benefit from the high steel prices going forward..

Posted by Icon 888 > 2021-10-05 01:56 | Report Abuse

Waiting 0.405

Posted by masteelnewbie > 2021-10-05 12:00 | Report Abuse

Hi, I have received some MASTEEL-OR in my account.

I am new to stocks, don't understand what is OR. Is it like warrant? When does the OR expire? Can anyone help

Posted by djibaok > 2021-10-05 23:45 | Report Abuse

tomolo i will sell OR and buy mother straight away.

Posted by Achilles83 > 2021-10-06 13:15 | Report Abuse

OR is a ticket to buy mothershare at offer price. You can sell it now or use it to buy mothershare at offer price, it is up to you. It is not warrant, and this OR is offering you to buy at RM0.395 per share plus it will give one bonus warrant for each share you purchased using this OR.

Posted by Icon 888 > 2021-10-07 19:50 | Report Abuse

Waiting 0.405.. bagi la saya

Posted by bullmarket1628 > 2021-10-10 16:35 | Report Abuse

Hitting the highways: Interstate travel allowed starting Monday (Oct 11), says PM
Sunday, 10 Oct 2021 2:56 PM MYT

https://www.thestar.com.my/news/nation/2021/10/10/hitting-the-highways-interstate-travel-allowed-starting-monday-oct-11-says-pm

PETALING JAYA: Interstate travel nationwide will resume starting Monday (Oct 11), says Datuk Seri Ismail Sabri Yaakob.
The Prime Minister said this during a special address at 3pm on Sunday (Oct 10).

"With the achievement of almost 90% of the population being fully vaccinated, therefore I would like to announce that interstate travel will be allowed. This will begin on Monday (Oct 11).
“Interstate travel is only allowed for those who are fully vaccinated.
“The lifting of the prohibition on interstate travel does not apply for visits to localities placed under enhanced movement control order," he added.
Ismail Sabri also said fully vaccinated Malaysians can travel abroad without MyTravelPass effective Monday (Oct 11)...

Posted by djibaok > 2021-10-14 14:57 | Report Abuse

budget 2022 have effect or not

Posted by joehoong93 > 2021-10-14 18:04 | Report Abuse

When will we get the right issue share? 15 October?

Posted by smartly > 2021-10-14 18:35 | Report Abuse

got subscribe or not ?

Posted by joehoong93 > 2021-10-14 20:39 | Report Abuse

Got, paid

Posted by Johnzhang > 2021-10-14 21:22 | Report Abuse

Listing on 27th oct

Posted by joehoong93 > 2021-10-14 21:23 | Report Abuse

27th Oct only can get the right issue share?

Posted by Johnzhang > 2021-10-14 21:23 | Report Abuse

Those who bought the OR to subscribe is expected to make good profit.

Posted by thesteward > 2021-10-14 21:25 | Report Abuse

:-)

Posted by smartly > 2021-10-14 21:44 | Report Abuse

if listing 27/10, then of course will only get it on 27th

Posted by Johnzhang > 2021-10-15 06:27 | Report Abuse

The right issue share and free warrant shall be credited to your cds by 26th evening. On 27/10 ie the listing day , you are free to sell them .

Posted by Newbie_2288 > 2021-10-16 21:54 | Report Abuse

May i know when is the last eligible date to subscribe the rights issue at RM0.395/share?

Posted by Johnzhang > 2021-10-17 07:19 | Report Abuse

Didn’t you read the prospectus? If you haven’t subscribed, your rights with free warrant are burned . The last day was 14th Oct .

Posted by Mirrortrade > 2021-10-25 09:29 | Report Abuse

What happened to masteel? Why dropped so much?

Posted by Icon 888 > 2021-10-25 09:29 | Report Abuse

GG

Posted by Johnzhang > 2021-10-25 11:25 | Report Abuse

Some people are managing the price down ahead of right issue listing 2 days later ie on 27/10.? Hmmmm.... something fishy?

Posted by Michael Kwok > 2021-10-25 11:31 |

Post removed.Why?

Posted by Investor 999 > 2021-10-25 12:31 | Report Abuse

Some ppl have done shortselling today due to new shares to be listed on Wednesday.

Posted by Johnzhang > 2021-10-25 12:50 | Report Abuse

Trying to cause panic selling for those who subscribe the rights ? It's quite easy amid some price correction for steel .

Posted by qetuoadgjl96 > 2021-10-25 12:57 | Report Abuse

Masteel can short sell? Don't simply make up stories. IDSS suspended, this counter can't RSS too.

Posted by Investor 999 > Oct 25, 2021 12:31 PM | Report Abuse

Some ppl have done shortselling today due to new shares to be listed on Wednesday.

Posted by bobochacha > 2021-10-25 15:34 | Report Abuse

i think should force selling at the opening bell..but anyway after right issue the weather is clear already. so the only way is up

Posted by SCK82 > 2021-10-25 17:37 | Report Abuse

Hold tight, there is good news coming soon. TP 1.0

Posted by akennycwf > 2021-10-25 22:05 | Report Abuse

Hold tight, goods news coming . 101% comfirm. . Tomorrow collect more.

Posted by akennycwf > 2021-10-25 22:06 | Report Abuse

Dont sampai i bojio. Yahoo ! !