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 Kanenites > 2021-03-16 21:37 | Report Abuse

esok kasi bawang merah lg. mau beli banyak2.

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.

Posted by strattegist > 2021-03-17 12:38 | Report Abuse

bawang oooo bawang

Posted by keown83 > 2021-03-17 13:09 | Report Abuse

well i guess that's the reason for another round of consolidation period..but its ok as i entered at a considerably low price..hold for long term let see where minetec can go..can't say much as i see ib didn't do any review on minetec yet so far..but the prospect is very good due to more & more potential income compare to previous quarry venture

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

hohoho

Posted by Bgt 9963 > 2021-03-17 17:25 | Report Abuse

kulk kulk...!

Posted by Sailangking > 2021-03-17 23:30 | Report Abuse

bawang boleh jadi sotong

Posted by Ananas > 2021-03-18 00:48 | Report Abuse

If you have a clean balance sheet then you are able to tender more projects.

Posted by 156563 > 2021-03-18 01:06 | Report Abuse

需要给点时间改变，相信就有好的利润。

时间到自然会上升，0.50不是问题。
逄下底点就能存票後等待上升

Posted by strattegist > 2021-03-18 09:48 | Report Abuse

hohoho

Posted by peterchua > 2021-03-18 12:00 | Report Abuse

You are right Ananas, usually financials would be taken into consideration during tendering process, apart from previous contract value won by companies.

For the multiple proposals, looks good although it may dilute other shareholders. However, it would put minetec on stronger financial footing, for expansion. Management indicated the target price for PP would be 20c, so the downside for share price would be limited.

At first I am expecting them to give out free warrant, but ICPS pun bolehlah. Better than nothing. Once this completed, they would probably consolidate shares and issue free warrants.

Posted by Legend > 2021-03-18 12:57 | Report Abuse

Ding dong ding dong

Posted by Valgrovest > 2021-03-18 17:01 | Report Abuse

Not bad. Already reversed trend and going up hill from here on...

Posted by strattegist > 2021-03-18 17:15 | Report Abuse

hohoho

Posted by Kanenites > 2021-03-19 10:43 |

Post removed.Why?

Posted by strattegist > 2021-03-19 15:40 | Report Abuse

bawang

Posted by EncikIjak > 2021-03-19 16:57 | Report Abuse

mocking someone’s name makes u a jerk

Posted by bleuerouge > 2021-03-19 19:53 | Report Abuse

3 days support held at 190, watch out next week.

Posted by 156563 > 2021-03-20 02:43 | Report Abuse

这是全球股市下跌，而不是單一这柜台

放心吧，乘低吸入

Posted by Sailangking > 2021-03-20 13:55 | Report Abuse

nxttime don't hv this pricing

Posted by Sailangking > 2021-03-20 13:56 | Report Abuse

Diver to solar.....OnG...... with ailflex technology.. die mou...

Posted by 156563 > 2021-03-20 16:49 | Report Abuse

耐心等待工程发展公布

Posted by strattegist > 2021-03-22 10:11 |

Post removed.Why?

Posted by strattegist > 2021-03-22 17:40 | Report Abuse

hohoho

Posted by Kanenites > 2021-03-22 22:22 | Report Abuse

enjit2 semut... sape sakit naik atas

Posted by Sailangking > 2021-03-22 23:16 | Report Abuse

Kalau boleh turun lagi. Jgn malu

Posted by Sailangking > 2021-03-22 23:16 | Report Abuse

I mao collect ma... Kasi turun kuat sikit..

Posted by UnclePho > 2021-03-23 09:43 |

Post removed.Why?