PRICEWORTH INTERNATIONAL BHD

KLSE (MYR): PWORTH (7123)

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Last Price

0.09

Today's Change

-0.005 (5.26%)

Day's Change

0.085 - 0.095

Trading Volume

1,111,600


6 people like this.

11,418 comment(s). Last comment by Firefighter 4 weeks ago

abcb

2,811 posts

Posted by abcb > 2019-11-02 00:28 | Report Abuse

Very close toward to PN17

Ameera

2,921 posts

Posted by Ameera > 2019-11-02 06:51 | Report Abuse

Lousy counter!!

SALAM

1,025 posts

Posted by SALAM > 2019-11-02 08:35 | Report Abuse

Timber counters are currently FROZEN... until the ice melts

Posted by Poey886688 > 2019-11-02 08:59 | Report Abuse

Going to melt very soon.

Ameera

2,921 posts

Posted by Ameera > 2019-11-02 10:07 | Report Abuse

Wah.... melt = water = nothing ... no value this counter

abcb

2,811 posts

Posted by abcb > 2019-11-04 08:59 | Report Abuse

Be alert to trade with this stock!
Audit report: modified opinion/material uncertainty related to going concern

abcb

2,811 posts

Posted by abcb > 2019-11-04 09:04 | Report Abuse

Auditor unqualified opinion with material uncertainty related to going concern in the Company's Audited Financial Statement for the financial year ended 30 June 2019

abcb

2,811 posts

Posted by abcb > 2019-11-04 09:38 | Report Abuse

The Audit Report indicates that PWI incurred a net loss of RM157,432,587 during financial year ended 30 June 2019 and as of that date,PWI current liabilities extended its current assets by RM35,905,526,and HAS NOT compiled with the repayment terms of its bank borrowings

abcb

2,811 posts

Posted by abcb > 2019-11-04 09:41 | Report Abuse

Be Cautious! Be Alert! when then retailer investors to trade with this problem company
very high risk to incur all losses in your investment when Bursa announce PN17

abcb

2,811 posts

Posted by abcb > 2019-11-04 09:56 | Report Abuse

Why major shareholders and its Director keep on disposing their own company shares recently because the have already smelt the smoke earlier than other investors

WY Chan

1,378 posts

Posted by WY Chan > 2019-11-04 10:45 | Report Abuse

wakakakaka... worth it!!!!

abcb

2,811 posts

Posted by abcb > 2019-11-05 10:47 | Report Abuse

PWI had defaulted on its term loan principal and interest payment totally RM7.84 million as at 23 October 2019 due to Bank Rakyat(Default in Payment to Bank Rakyat) and the total amount outstanding of the defaulted term loan facility of RM22.29 million.

kendului

99 posts

Posted by kendului > 2019-11-05 11:13 | Report Abuse

No hope for this stock

abcb

2,811 posts

Posted by abcb > 2019-11-05 11:46 | Report Abuse

PWI at risk of being PN17
Cash and bank balances as at 30 June 2019 remain at RM808,000
Retain Earnings Negative -RM65.315 million
Very tight cash flow

clp72

813 posts

Posted by clp72 > 2019-11-05 16:50 | Report Abuse

think all this has been disclosed, 1.5 years factories stop production, no business how to pay debts? the faster they can start running the factory, the faster they can start paying off the debts

Ameera

2,921 posts

Posted by Ameera > 2019-11-05 20:47 | Report Abuse

Possible to have better QR in Nov?

Ameera

2,921 posts

Posted by Ameera > 2019-11-05 20:49 | Report Abuse

Priceworth: Innoprise to own 30% under log supply agreement. Priceworth International signed a log supply agreement with a unit of Innoprise Corp SB under which Priceworth will issue new shares to Innoprise, amounting to a 30% stake in the company, for logs supplied. Priceworth said it had entered the log supply agreement with Rakyat Berjaya SB (RBSB), a subsidiary of Innoprise, the investment holding vehicle of Yayasan Sabah, pursuant to a memorandum of understanding signed earlier. (The Edge)

clp72

813 posts

Posted by clp72 > 2019-11-06 10:10 | Report Abuse

yeah but there is still a Due Diligence that Innoprice has to do on PW to see if they shares are worth 5 cents. While supply log agreement has been signed, worse case scenario is that Innoprise wants a lower entry point, PW refuses and just pay for the logs. Either way, got raw materials to run the factory.

Ameera

2,921 posts

Posted by Ameera > 2019-11-06 13:19 | Report Abuse

Hopefully don’t drop further.;

Posted by andychay6124 > 2019-11-06 14:47 | Report Abuse

This counter no need to worry. Just matter of time only. The worst was passed. I bought before right issue, after right issue my cost become 8 sen. Then then the price keep going down. I bought a lot at 4 sen to average my cost then sold all at 7.5 sen. I earn a lot in this counter

Posted by andychay6124 > 2019-11-06 14:55 | Report Abuse

I had grab some at 5.5 sen recently. May accumulate more if down to 4 or 4.5 sen.

Ameera

2,921 posts

Posted by Ameera > 2019-11-06 15:41 | Report Abuse

I m stuck at 6cents... haiz

abcb

2,811 posts

Posted by abcb > 2019-11-08 07:17 | Report Abuse

All giant sharks run away

abcb

2,811 posts

Posted by abcb > 2019-11-08 07:19 | Report Abuse

Nothing worth to invest this trouble company
Seriously tight of cash flow together with default payment

Ameera

2,921 posts

Posted by Ameera > 2019-11-08 07:37 | Report Abuse

Now want to sell also diff...only can sell at 0.045! Stupid company

Zali Daud

47 posts

Posted by Zali Daud > 2019-11-08 11:19 | Report Abuse

Seperti Andy, saya membeli pada harga 9 sen. Apabila harga jatuh, saya membeli lagi pada harga .045 untuk puratakan kos. Apabila harga naik sedikit saya jual sebahagian. Sekarang kos purata sesaham ialah 0.68. Jika harga turun lagi, saya bercadang akan membeli lagi. Saya yakin kaunter ini semakin pulih (atau dalam proses pemulihan) setelah terpaksa menghentikan operasi pengeluaran selama satu setengah tahun.

Ameera

2,921 posts

Posted by Ameera > 2019-11-08 13:46 | Report Abuse

Don’t know who is the one bought at 0.05 and big block sell at 0.045...

Ameera

2,921 posts

Posted by Ameera > 2019-11-08 15:06 | Report Abuse

Omg director disposed at 0.04... 2500 units..

Posted by casualplay888 > 2019-11-08 15:14 | Report Abuse

Ameera, How do you know the director is disposed at 0.04? Where to read the info? Tq

clp72

813 posts

Posted by clp72 > 2019-11-08 15:24 | Report Abuse

got to thank the sabah chief minister for this chaos

Posted by casualplay888 > 2019-11-08 16:01 | Report Abuse

Clp72 sifu, u mean this is not a bad news to us?Tq

Posted by casualplay888 > 2019-11-08 16:01 | Report Abuse

Ameera sifu, have u sell any?

clp72

813 posts

Posted by clp72 > 2019-11-08 16:11 | Report Abuse

me no sifu la.. no, i am still holding... if they can start production that it's good...

Posted by casualplay888 > 2019-11-08 17:05 | Report Abuse

You know a lot lo, so u r sifu.

Ameera

2,921 posts

Posted by Ameera > 2019-11-09 08:29 | Report Abuse

I cannot sell... I stuck at 0.06... now I m not sifu..

clp72

813 posts

Posted by clp72 > 2019-11-11 11:16 | Report Abuse

just read the terms of the agreement again, note item e) :

ICSB shall be entitled to nominate and appoint two (2) Non-Independent Non-Executive Directors
in the Board of Directors of PWI and a Chief Executive Officer upon the issuance of New shares in
PWI issued by PWI to ICSB, following the completion and acceptance of the due diligence exercise
within two months from the date of this Agreement.

clp72

813 posts

Posted by clp72 > 2019-11-11 11:17 | Report Abuse

seems like a forced takeover, damn these guys are vicious..

Posted by casualplay888 > 2019-11-11 13:21 | Report Abuse

Clp72 sifu, forced takeover means not a good news to us ?

clp72

813 posts

Posted by clp72 > 2019-11-11 14:34 | Report Abuse

if they complete and accept the due diligence, it will be good for the minority shareholders.. Dec 7 will be an important date

Posted by casualplay888 > 2019-11-11 15:51 | Report Abuse

Thank you sifu clp72

Ameera

2,921 posts

Posted by Ameera > 2019-11-12 02:06 | Report Abuse

Hopefully by then will be good news

clp72

813 posts

Posted by clp72 > 2019-11-15 12:54 | Report Abuse

if this carries on, someone is going to sue the state government for this selective prosecution that resulted in massive losses for a public listed company, idiots dont realize that the public gets caught in this cross fire..

Ameera

2,921 posts

Posted by Ameera > 2019-11-15 12:55 | Report Abuse

Stupid company

Posted by Dimachan > 2019-11-15 13:01 | Report Abuse

Whats that suppose to mean?is it goin to be ok if i buy now?

Ameera

2,921 posts

Posted by Ameera > 2019-11-15 13:30 | Report Abuse

jia=lat..the top3 active stock today...should be active SELL

clp72

813 posts

Posted by clp72 > 2019-11-15 14:20 | Report Abuse

i suggest don't touch this counter unless there are further clarity, for those who are stuck, pray very hard...

jk20598

213 posts

Posted by jk20598 > 2019-11-15 14:37 | Report Abuse

Yes,As I have said earlier sue SBH State government for PWI failure n claim them multi billions!Come state election,send WARISAN to holland,as so many log co.are unemployed!Totally irresponsible government.

tai yee

697 posts

Posted by tai yee > 2019-11-15 14:40 | Report Abuse

0.035 new low and its lowest

clp72

813 posts

Posted by clp72 > 2019-11-15 14:56 | Report Abuse

jk... i think its only 1-2 companies right, the rest can still log.. seems the CM is taking revenge, someone must have pissed him off real bad for them to forcefully take over the company and yes, matter of time till someone sues them if it goes under

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