Posted by Sailangking > 2021-03-11 22:06 | Report Abuse

put as FD

Posted by bleuerouge > 2021-03-12 08:45 | Report Abuse

all you need is confident and patience, its gonna be very rewarding. all the best !!!

Posted by strattegist > 2021-03-12 09:36 | Report Abuse

hohoho

Posted by anson938 > 2021-03-12 14:46 | Report Abuse

Last chance to buy lower... Will spike up anytime.

Posted by gopal4ru > 2021-03-12 14:51 | Report Abuse

is this best time to buy now??

Posted by anson938 > 2021-03-12 14:59 | Report Abuse

Yup.

Posted by strattegist > 2021-03-12 15:10 | Report Abuse

bawang ooooo bawang

Posted by strattegist > 2021-03-12 18:06 | Report Abuse

closed green

Posted by farisfx54 > 2021-03-12 21:39 | Report Abuse

Ok hope for the best

Posted by Sioksiok19 > 2021-03-12 21:39 | Report Abuse

So many positive news on this company...

Posted by 156563 > 2021-03-13 00:43 | Report Abuse

大家捉緊票，机会来了

Tp0.50

Posted by keown83 > 2021-03-13 00:50 | Report Abuse

LSS4 seems like missing Minetech

Posted by learnbyheart > 2021-03-13 08:21 | Report Abuse

hahahaha..no wonder..but looking at her comment i bet she already cut loss..hahahah pity punter

Posted by ONTHEWAY > 2021-03-13 10:58 | Report Abuse

Ask her hold tight and don’t sad we wish price goes up to RM0.35 everybody happy.

Posted by farisfx54 > 2021-03-13 13:03 | Report Abuse

Ok X apa.....mmmm LSS4 macamana?

Posted by Sailangking > 2021-03-13 13:04 | Report Abuse

sure will as u may see awang right now very busy with three company

Posted by Michael Kwok > 2021-03-13 22:29 | Report Abuse

High possible will breach 35 cents.But need to take at most 4 months.If early please sell if there 40 cents above.

Posted by Ananas > 2021-03-14 02:39 | Report Abuse

if won LSS4 la then sure break 35cents but who knows

Posted by learnbyheart > 2021-03-14 07:30 | Report Abuse

dont be too optimistic

Posted by 156563 > 2021-03-14 09:43 | Report Abuse

还有更好消息来了


哈哈哈哈

Posted by Sailangking > 2021-03-14 11:29 | Report Abuse

invest for minetec put as FD. don't expect will goreng

Posted by ONTHEWAY > 2021-03-14 18:10 | Report Abuse

Hold tight wait 0.25 ,0.30......

Posted by peterchua > 2021-03-14 21:01 | Report Abuse

From the volume, buy and sell queue looks like it will break R1 23.5c anytime soon. Strong buy queue at 22.0c on last Friday, however there is also big selling queue north of share price. Probably operators are yet to be done with accumulation.

With regards to LSS4, the management may have anticipated the cut throat bidding price and the return may not be lucrative as previous LSS award. Hence, it could be wise to stay out from putting a bid and focus on completing their solar asset in Perak. Besides, they have also registered for NEM 3.0, which will open up for more income from solar. Coral Power (70% Minetech subsidiary), won the LSS2 award, and the rate is almost double than LSS4. For information, LSS1 (for up to 10MWac) have seen an average price range of above 40c/kWh, LSS2, at 40c/kWh, LSS3 at below 30c/kWh, and LSS4 at below 24c/kWh.

Based on announcement from Ocean Vantage Holdings (OVH), subcontractor for Andeli Solar (main contractor for Minetec solar asset), they have completed MYR10mil out of MYR30mil award up to 31 Dec 2020. The remaining works may be completed within this quarter if not for MCO. Once operational, it would be recurring income for Minetec.

The recent Selinsing, Pahang gold mining site 3-year contract extension (MYR70mil) is also another positive development for Minetec, as the average contract price is worth approximately MYR23mil/year. This is higher than the previous contract extension value <MYR18mil/year. It is understandable that during period, gold prices is at new high, hence the higher contract value award. This prolific gold mine site, which have been operating from 2009, will provide earning visibility until 2022 for Minetec, and probably beyond that.

Coupled with the wrap up of acquisition of fintech company, Uniqa, Minetec would have another new source of income instead of their traditional expertise.

Posted by peterchua > 2021-03-14 21:11 | Report Abuse

This is not a buy call, and it is up to your discretion to decide. I do not what future would be, but currently I am positive about the company prospect.

Posted by farisfx54 > 2021-03-14 21:25 | Report Abuse

Ya baik ya macam itu Tq Mr peterchua

Posted by 156563 > 2021-03-15 00:26 | Report Abuse

又要公布好消息了

Posted by nickyeo55 > 2021-03-15 09:32 | Report Abuse

又是在車大炮吗？

Posted by wwwin > 2021-03-15 09:33 | Report Abuse

又下回，都来不到的，公布什么消息都是假，推不上。

Posted by anson938 > 2021-03-15 09:38 | Report Abuse

Wait and see...

Posted by strattegist > 2021-03-15 09:41 | Report Abuse

hohoho

Posted by Gerard Lam > 2021-03-15 10:41 | Report Abuse

Minetec valuation:

i. Uniqa (Fintec) business -> Profit of RM10.5mil / annum (60% attributable to Minetech equals RM6mil)
ii. Selinsing Gold mine business -> Profit of RM0.3mil / annum
iii. Perak 9.99MW solar farm -> Profit of RM1.9mil / annum
iv. Bitumen business -> Profit of RM0.1mil / annum
v. Civil Engineering business -> Profit of RM1.8mil / annum

Total current Minetech profit -> RM10.1mil / annum

PE of 30x = RM0.26/share

Factoring in Kazakhstan oil business, which will further add RM0.24/share to Minetech, Minetech should be worth at least RM0.50/share

Posted by 156563 > 2021-03-15 13:11 | Report Abuse

庄在压價收取更多票，这是一场考验耐心者在等待

Posted by anson938 > 2021-03-15 15:48 | Report Abuse

Fast buy in now, really good price

Posted by learnbyheart > 2021-03-15 16:37 | Report Abuse

managed to sailang at 0.205 to average my price

Posted by strattegist > 2021-03-15 17:29 | Report Abuse

bawang ooooo bawang

Posted by strattegist > 2021-03-16 11:06 | Report Abuse

hohoho

Posted by Valgrovest > 2021-03-16 11:37 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3139005

Guys, have a read on their announcement yesterday. Looks interesting especially the diversification into solar and O&G. ICPS at 5sen on the basis of 1 for 2 also sounds good. Grateful if some experts can share their view on this corporate exercise for the benefit of existing/potential shareholders/investors. TIA

Posted by Valgrovest > 2021-03-16 12:09 | Report Abuse

Topped up some more at 20sen to get the ICPS entitlement. Note that the capital reduction has no impact on share price or number of shares held by existing shareholders as explained in the details of the annoucement.

Posted by 156563 > 2021-03-16 17:21 | Report Abuse

今天安华开记者招待会，吓到很多散户卖出。

Posted by strattegist > 2021-03-16 17:25 | Report Abuse

closed red

Posted by keown83 > 2021-03-16 17:36 | Report Abuse

closed red thanks to ds anwar political stunt this evening

Posted by 156563 > 2021-03-16 18:06 | Report Abuse

有利好消息出来，请看新闻

Posted by nickyeo55 > 2021-03-16 19:41 | Report Abuse

156563 这样你便把消息放上来吧。

Posted by nickyeo55 > 2021-03-16 19:44 | Report Abuse

156563 我我倒要看是什么新闻。谢了

Posted by bleuerouge > 2021-03-16 22:17 | Report Abuse

180-190 should be a good bargain.

Posted by ONTHEWAY > 2021-03-16 22:57 | Report Abuse

Back to 0.175 soon

Posted by 156563 > 2021-03-17 00:00 | Report Abuse

耐心下，耐心很重要

Posted by anson938 > 2021-03-17 08:38 | Report Abuse

“The company’s proposed share capital reduction of RM90mil will see the

corresponding credit arising from this reduction being used to reduce or eliminate accumulated losses,” Minetech said in a statement.

The proposed share capital reduction will not result in any adjustment for the market price, however it enables the company to reward shareholders by dividend policy, it added.


Following the share capital reduction, Minetech has proposed a private placement and ICPS on the basis of one ICPS for every two existing Shares.

The proceeds of both proposed private placement and ICPS, will raise RM72.9mil to RM98mil, is intended for the development cost of a solar power

plant, funding for proposed diversification into oil and gas (O&G), future business investment and/or acquisitions, expenditure of construction projects, expansion of the quarry and bituminous products divisions as well as repayment of borrowings.

Executive chairman Pengiran Datuk Awang Daud Awang Putera said: “The proposed corporate exercise will assist us in improving our financial

performance in the next financial year while at the same time, helps us by raising capital for our diversification into renewable energy and O&G), which are viable businesses that continue to see growing demand. We believe both industries can potentially contribute 25% or more to our net profit”.

TAGS / KEYWORDS:
Minetech , Share Capital Reduction

TOPIC:
Corporate News

Posted by strattegist > 2021-03-17 09:48 | Report Abuse

hohoho

Posted by Valgrovest > 2021-03-17 10:29 | Report Abuse

anson938, Thank you for posting. The proposed capital reduction is to clean up the balance sheet by removing the accumulated losses and it has no impact on share price. The PP and ICPS (ICPS at 5 sen is pretty small) is to fund the business expansion/diversification and this is surely good for the company in the long run (just like IPO raising funds for business expansion). It seems to be a positive corporate exercise.