Posted by 123eztrade > 2023-01-06 11:57 | Report Abuse

I heard some v. bad news is coming soon..true ??

Posted by whistlebower99 > 2023-01-11 21:06 | Report Abuse

FOR NEWBIES

Be informed of the progress of the proposed rights issue

============
On behalf of the Board of Directors of TWL, Kenanga Investment Bank Berhad wishes to announce that the Company proposes to undertake a renounceable rights issue of up to RM120.199 million nominal value of 4,006,633,348 5-year 5% redeemable convertible unsecured loan stocks in the Company (“RCULS”) at 100% of its nominal value of RM0.03 each together with up to 1,144,752,385 free detachable warrants in the Company (“Warrants E”) on the basis of 7 RCULS together with 2 Warrants E for every 10 existing ordinary shares in the Company held by the entitled shareholders of the Company on an entitlement date to be determined and announced later.

This announcement is dated 16 August 2022.

==============
On behalf of the Board, Kenanga IB wishes to announce that an application in relation to the Proposed Rights Issue has been submitted to Bursa Securities on 10 January 2023.

This announcement is dated 11 January 2023.

============
One step closer to rights issue implementation
Shareholders will have to take out more money if wish to subscribe for the rights issues

NOSH = 3,983,289,517
WD = 1,025,136,534

Upon completion of the rights issue (maximum scenario) :-
RCULS = 4,006,633,348
WE = 1,144,752,385

Very very fat mother and babies

============
TAYOR

Posted by whistlebower99 > 2023-01-18 10:27 | Report Abuse

FOR NEWBIES

List of some penny stocks with NOSH exceeding 2 BILLION shares :-

AEM = 2,163,629,262, AT = 6,000,621,899, BCMALL = 2,034,112,087,
BORNOIL = 9,676,617,079, BPURI = 2,076,941,137, COMPUGT = 4,583,642,235,
FINTEC = 5,922,797,474, FOCUS = 6,372,205,736, EAH = 6,451,720,230,
EDUSPEC = 3,046,287,361, G3 = 2,902,753,548, GOCEAN = 2,111,592,400,
JOE = 3,059,119,200, KGROUP = 3,678,171,440, MMAG = 2,422,391,577,
PHB = 10,821,177,771, TAWIN = 3,423,995,038, TWL = 3,983,289517,
VIZIONE = 2,047,680,892, VSOLAR = 4,834,933,699, XOX = 5,050,830,575,
TALAMT = 4,295,279,562, XDL = 2,116,225,664, ZENTECH = 2,425,297,326

================
Be aware that directors have the power to propose shares consolidation to reduce the NOSH and then raise more fund via rights issue as well as continue with shares issuance to PP & ESOS in near future.

================
TAYOR

Posted by whistlebower99 > 2023-01-18 10:27 | Report Abuse

FOR NEWBIES

EDUSPEC & DOLPHIN are the latest high NOSH low price penny stock proposing to do shares consolidation !!!

This announcement is dated 13 January 2023.

===================
Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

Long term shareholders holding at high prices will incur huge losses due to the corporate exercises

List of penny stocks with shares consolidation :-

2023 proposal in progress - MERIDIAN, VSOLAR, DOLPHIN, EDUSPEC

2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

====================
TAYOR, don't be caught in share consolidation exercise

Posted by whistlebower99 > 2023-01-19 16:26 | Report Abuse

Wait for directors to do share consolidation, then maybe got chance to hit the high target

Posted by cu29ok > 2023-02-03 08:46 | Report Abuse

Coming...

Posted by whistlebower99 > 2023-02-04 22:40 | Report Abuse

Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Repeat step 1 to 5

Posted by whistlebower99 > 2023-02-10 10:52 | Report Abuse

FOR NEWBIES

Reference is made to the Company’s announcement dated 11 August 2022 wherein it was announced that Bursa Securities had vide its letter dated on the same date approved, amongst others, the listing and quotation of 555,555,556 Consideration Shares to be issued pursuant to the Issuance as part of the Purchase Consideration for the Acquisition.

On behalf of the Board, Mercury Securities wishes to announce that the Company has submitted an application to seek Bursa Securities’ approval for an extension of time of an additional 6 months for the Company to complete the Issuance.

This announcement is dated 3 February 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3325762

===================
Directors good in fund raising via share issuance to RI, PP, ESOS, asset acquisition

===================
Current NOSH = 3,983,289,517 will exceed 4.5 BILLION shares upon completion of above
WD = 1,025,136,534 (BILLION warrants !!!)

============
TAYOR

Posted by whistlebower99 > 2023-02-17 23:28 | Report Abuse

FOR NEWBIES

PROPOSED RIGHTS ISSUE

On behalf of the Board, Kenanga IB wishes to announce that Bursa Securities had, via its letter dated 16 February 2023, resolved to approve the following:-

(i) admission to the Official List and listing and quotation of up to 5,563,981,607 RCULS and up to 1,112,796,321 Warrants E to be issued pursuant to the Proposed Rights Issue;

(ii) listing and quotation of up to 5,563,981,607 new Shares to be issued pursuant to the conversion of the RCULS; and

(iii) listing and quotation of up to 1,112,796,321 new Shares to be issued arising from the exercise of the Warrants E.

This announcement is dated 17 February 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3328438

==================
Approval obtained
1 BIG step to implementation of massive rights issue exercise

=============
Upon implementation,
NOSH = 3,983,289,517
WD = 1,025,136,534
RCULS = 5,563,981,607
WE = 1,112,796,321

So many BILLION shares, Warrants and RCULS.
Another BORNOIL in the making ?

==============
Be careful holding high NOSH penny stock loss making penny stocks, many of which had undergone share consolidation followed by fund raising via Right issue again

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

================
TAYOR, set realistic target

Posted by tklim > 2023-03-02 10:03 | Report Abuse

Target1: 0.07
Target2: 0.09
Target3: 0.12
Target4: 0.14

Posted by 8ackwoods > 2023-03-06 16:17 | Report Abuse

RCULS seems like a good abitrage opportunity

Posted by rev588 > 2023-03-06 17:07 | Report Abuse

Yup, actually looks cheap if look at PE of the company...

Posted by heisenbergxv4 > 2023-03-06 17:44 | Report Abuse

If you going to invest, better monitor first, management are collecting alot by now

Posted by Jjjjong > 2023-03-07 00:00 | Report Abuse

Going to goreng up soon ?

Posted by 8ackwoods > 2023-03-07 16:01 | Report Abuse

looks like it, if u do the maths, RCULS is full of arbitrage potential

Posted by rev588 > 2023-03-07 16:45 | Report Abuse

Rumors floating around too, its time to goreng up

Posted by heisenbergxv4 > 2023-03-07 18:22 | Report Abuse

TWL current PE is 4x, which is really cheap compare to the peers that are 6-8x, things are looking spicy now

Posted by peepduck > 2023-03-08 16:45 | Report Abuse

goreng up now?

Posted by heisenbergxv4 > 2023-03-08 19:24 | Report Abuse

Very likely, management are collecting right now

Posted by heisenbergxv4 > 2023-03-08 19:24 | Report Abuse

Better monitor & get ready, will go up anytime soon

Posted by sharamancer > 2023-03-09 15:55 | Report Abuse

limit up soon? directors sweeping up shares

Posted by rev588 > 2023-03-09 16:59 | Report Abuse

Limit up I dunno lah, one thing we can see that they are preparing to goreng up dy

Posted by heisenbergxv4 > 2023-03-09 18:56 | Report Abuse

Target1: 0.07
Target2: 0.09
Target3: 0.12
Target4: 0.14

Good TP, can reach 0.07 if volume spike up next week

Posted by rev588 > 2023-03-10 18:56 | Report Abuse

Need to hold firm at 0.05 first before hitting 0.07

Posted by heisenbergxv4 > 2023-03-10 19:43 | Report Abuse

RCULS + free warrant is a no brainer subscription, if you can see the arbitrage opportunity la

Posted by 8ackwoods > 2023-03-10 19:49 | Report Abuse

yup, even the directors need to subscribe a minimum of 25m which told you that the board of confident about the prospect of the company

Posted by whistlebower99 > 2023-03-10 21:58 | Report Abuse

FOR NEWBIES

PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO RM111,279,632 NOMINAL VALUE OF 5,563,981,607 5-YEAR 5% REDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS IN THE COMPANY (RCULS) AT 100% OF ITS NOMINAL VALUE OF RM0.02 EACH TOGETHER WITH UP TO 1,112,796,321 FREE DETACHABLE WARRANTS IN THE COMPANY (WARRANTS E) ON THE BASIS OF 10 RCULS TOGETHER WITH 2 FREE WARRANTS E FOR EVERY 10 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER (PROPOSED RIGHTS ISSUE)

========
Proposal approved in EGM

=============
Another massive fund raising exercise by directors to collect money from shareholders

Posted by 8ackwoods > 2023-03-13 14:44 | Report Abuse

Starting to move now, volume is back up !

Posted by whistlebower99 > 2023-03-13 14:54 | Report Abuse

After completion of rights issue of RCULS, the next possible corporate exercise could be shares consolidation then followed by more fund raising via rights issue with free warrants in near future.

Just be aware, directors have immense power to undertake corporate exercises that could cause heavy losses to retail shareholders and long term loyal shareholders

Posted by peepduck > 2023-03-13 15:16 | Report Abuse

RCULS approved, time for TWL to leave the station?

Posted by heisenbergxv4 > 2023-03-13 16:41 | Report Abuse

Shareholders approve RM111.3m rights issue to fund development projects

https://www.edgeprop.my/content/1905506/twl-shareholders-approve-rm1113m-rights-issue-fund-development-projects

Posted by heisenbergxv4 > 2023-03-13 16:43 | Report Abuse

The company said the fund raised from this issuance, which would range from RM25 million to RM111.3 million, would be mainly used to undertake three affordable housing development projects under the Rumah Selangorku scheme, comprising a total of 2,600 housing units, with a total gross development value of RM624 million.

3 project with total GDV of RM624m under the Rumah Selangorku scheme, time for TWL to move up !

Posted by 8ackwoods > 2023-03-14 20:00 | Report Abuse

collect collect, tmr 0.05 again

Posted by rev588 > 2023-03-14 20:10 | Report Abuse

Every 10 RCUL are entitled for 2 free warrant, looks like a very good deal.

Posted by heisenbergxv4 > 2023-03-14 20:13 | Report Abuse

great arbitrage opportunity if u can do the maths, better monitor carefully this few weeks

Posted by whistlebower99 > 2023-03-15 11:35 | Report Abuse

FOR NEWBIES

=============
Upon completion of the proposed rights issue,
NOSH = 3,983,289,517
WD = 1,025,136,534
RCULS = 5,563,981,607
WE = 1,112,796,321

Altogether more than 11 BILLION shares, Warrants and RCULS combined
Use your math to estimate how high the prices can go up


==============
Be careful holding high NOSH low price loss making penny stocks, many of which had undergone share consolidation followed by fund raising via Right issue again

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

================
TAYOR

Posted by peepduck > 2023-03-15 13:06 | Report Abuse

BOD of to put out 25m, I think if monitor closely still can get some $$$$

Posted by sharamancer > 2023-03-15 14:14 | Report Abuse

Half way flying, Limit up soon?

Posted by winetime > 2023-03-15 15:43 | Report Abuse

Can feel the goreng goreng... Is time for the game

Posted by rev588 > 2023-03-15 16:34 | Report Abuse

TWL currently have RM2,420.3 million in GDV and RM446.1 million in expected profit on gross profit level. If we exclude the revenue and profit from construction and the acquisition of Qaisar and halving TWL's gross profit to net level, TWL is projected to earn RM223.05 million from 2023 to 2027, translating to an average annual profit after tax of RM55.76 million.

In comparison to TWL's current market capitalization of RM239.1 million, TWL is trading at a forward PE valuation of 4 times, which is significantly lower than its peers who are trading in the range of 6-8 times.

Posted by rev588 > 2023-03-15 16:34 | Report Abuse

Goreng goreng after RCUL subscription, monitor first...

Posted by 8ackwoods > 2023-03-16 15:16 | Report Abuse

Once the big wall is clear, then is time for TWL to fly

Posted by peepduck > 2023-03-16 15:33 | Report Abuse

3 plot of land to be developed in a strategic location & another 7 development projects in the pipeline. The future of TWL seems good.

Posted by heisenbergxv4 > 2023-03-16 15:49 | Report Abuse

PE value of x4 is really low... potential of growth is there...

Posted by sharamancer > 2023-03-17 16:12 | Report Abuse

on the way to limit up... go go TWL

Posted by peepduck > 2023-03-17 16:36 | Report Abuse

Still got time before RUCLS then its time to go up

Posted by rev588 > 2023-03-17 16:53 | Report Abuse

management are continuously collecting, monitor & observer carefully

Posted by 8ackwoods > 2023-03-20 14:54 | Report Abuse

Waiting at 0.035, enter at lower price

Posted by jaywalker > 2023-03-20 16:25 | Report Abuse

0.035 so hard to get o, rebound already with all the goreng rumors floating around

Posted by heisenbergxv4 > 2023-03-20 16:41 | Report Abuse

"We will increase the efficiency of affordable house construction by using cheaper and higher quality building materials.

"For example, by using an innovative modular structure construction system as well as increasing the use of advanced construction technology such as passive construction," he said.

Shirley added, this strategy can not only reduce the waste of building materials but can also control the soaring cost of building affordable houses using environmentally friendly building materials.