Posted by Diamond7 > 2016-04-26 14:22 | Report Abuse

Small capital...40 million
6 cents dividend
RM1.21
Can consider?
Anyone please advice......

Posted by Diamond7 > 2016-05-07 17:46 | Report Abuse

Huh....no dividend!

Posted by Diamond7 > 2016-05-25 20:10 | Report Abuse

Hooray! 6% dividend!!!

Posted by Icon8888 > 2016-11-23 20:51 | Report Abuse

Selling off the paint business for RM55 mil. Transforming itself into a pure construction play

Posted by stockraider > 2016-11-23 21:30 | Report Abuse

Mercury is paint business....now selling the core for a song of Rm 50 million loh......!!

After this mercury is a pure small construction company for in house related property development company of the controlling major shareholders loh....!!

This is a rubbish deal mah....!!

Posted by Icon8888 > 2016-11-23 21:31 | Report Abuse

LOL there are really all kinds of people in this world...

Posted by PlsGiveBonus > 2016-11-23 21:40 | Report Abuse

Holland is the destination

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KLSE Screener
Mercury Industries exits auto refinish biz, netting RM11.29m from subsidiary disposal
TheEdge Wed, Nov 23, 2016


KUALA LUMPUR (Nov 23): Mercury Industries Bhd is exiting the auto refinish business, citing the increasingly challenging segment that resulted from slowing domestic economy, uncertainties in the global economies and weaker ringgit.

"Pursuant to the proposed disposal, the construction business will be the sole business of the Mercury Group," it told Bursa Malaysia via a filing today. It said the construction segment will continue to be the key contributor to its earnings, given the remaining order book of around RM144 million as at Sept 30, 2016.

Based on the unaudited nine-month financial period ended Sept 30, 2016, the construction business contributed RM3.76 million (55.35%) while the auto refinish business contributed RM3.03 million (44.65%) towards its profit after tax and minority interest (PATMI).

The company exits the auto refinish business by disposing of all its equity stake in Silverlight Prospects Sdn Bhd to Interglobal Dynasty Sdn Bhd for RM50.5 million.

An agreement has been inked between both parties to effect the disposal. It was deemed a related party transaction as its executive director and substantial shareholder Datuk Tiong Kwing Hee is also a director in Interglobal Dynasty.

Tiong has abstained and will continue to abstain from all deliberations and decision at board meetings relating to the matter as well as voting in the upcoming extraordinary general meeting.

The auto refinisher product manufacturer cum construction outfit said the disposal could unlock its investment in the auto refinish segment and the proceeds will provide it with immediate cash flows to fund working capital and repay its bank borrowings.

After the corporate exercise, its net gearing will fall to 0.03 times from 0.54 times as at Dec 31, 2015, read the filing.

Mercury's total cost of investment in the Silverlight Group, which was made from 1989 to 2010, is about RM26.43 million. The unaudited consolidated net assets (NA) of the Silverlight Group as at Sept 30, 2016 is approximately RM38.36 million, the filing revealed.

"Based on the sale consideration of RM50.5 million against the unaudited consolidated NA of the Silverlight Group as at Sept 30, 2016 of approximately RM38.36 million and estimated expenses of RM0.85 million, we expect to record a gain on disposal of approximately RM11.29 million from the proposed disposal," it added.

Barring any unforeseen circumstances, the disposal is expected to be completed in the second quarter of 2017.

Shares in Mercury closed down 13 sen or 8.72% at RM1.36, valuing it at RM54.64 million.

Posted by PlsGiveBonus > 2016-11-23 21:43 | Report Abuse

This kind of cheap con-pany is flooding market, and their purpose of listing is only make quick buck.
:(

Posted by PlsGiveBonus > 2016-11-23 21:46 | Report Abuse

IPO is money making game for company owner, Imagine if the value of your company list at 15x PE. The value of your shares in the company flip by 15 times instantaneously.

Posted by Diamond7 > 2016-12-04 19:29 | Report Abuse

Brewing? Any good news?

Posted by Diamond7 > 2017-01-17 18:38 | Report Abuse

Dear Directors,
Chinese New Year lor,.......any BONUS?
or just another special dividend lor.....

Posted by Diamond7 > 2017-02-08 17:43 | Report Abuse

Wa....great volume! At low price!!! Cheap sale ke???

Posted by Diamond7 > 2017-02-08 17:50 | Report Abuse

Sifu...Sifu....can buy arh...at 1.21???

Posted by jenn > 2017-02-13 08:10 | Report Abuse

today good show!!!!

Posted by Jay > 2017-02-14 15:17 | Report Abuse

very low liquidity

Posted by Diamond7 > 2017-02-21 18:58 | Report Abuse

Volume keep increasing. Good news coming!!!

Posted by Diamond7 > 2017-02-22 09:21 | Report Abuse

Why buying????

Posted by Diamond7 > 2017-02-22 09:22 | Report Abuse

wah!!! n wah.....Brewing!!! Got bonus?

Posted by Jay > 2017-02-22 09:40 | Report Abuse

wasted! que at lower price only get partially filled

Posted by Ckk2266 > 2017-02-22 09:46 | Report Abuse

Bought Mercury @ 1.3

Posted by Diamond7 > 2017-02-22 09:49 | Report Abuse

slow slow up.......dont fast fast!!!

Posted by Jay > 2017-02-22 09:50 | Report Abuse

@ckk2266 good to see you again
lol I'm behind you so my orders@1.3 only get partially filled

Posted by Diamond7 > 2017-02-22 09:50 | Report Abuse

Sudden surge in buying volume!!! 237,100 why? why? why?

Posted by Jay > 2017-02-22 09:52 | Report Abuse

got new contract

Posted by Ckk2266 > 2017-02-22 09:59 | Report Abuse

Jay: we are the on the same boat :) Triplc as well...TQ

Posted by Ckk2266 > 2017-02-22 11:26 | Report Abuse

Top up Mercury @ 1.36

Posted by Jay > 2017-02-22 12:26 | Report Abuse

but careful, 4Q results may be weaker from its construction division. they already met the profit guarantee in 2016, so might want to delay the recognition to 2017

Posted by Diamond7 > 2017-02-22 13:19 | Report Abuse

Wah....volume 297,300 !!!!
Just wonder any cooperate news like bonus and share split.....
Believe earnings will continue to go up...up...up...

Posted by Ckk2266 > 2017-02-22 16:09 | Report Abuse

Accumulate more Mercury @ 1.37

Posted by Diamond7 > 2017-02-22 17:12 | Report Abuse

Wah ! Today up 11 cents. Tomorrow another 15 cents arhhh???

Posted by Diamond7 > 2017-02-22 17:16 | Report Abuse

Aiyoh! Volume so big!!! 458,500 ! What special news?
Up....up...up...slowly. Don't so fast!!!
Drive slowly.....and land safely!!!

Posted by Diamond7 > 2017-02-23 06:01 | Report Abuse

Dear Directors,

To break this price barrier I propose the following:

The company split its 1 share into 2 shares to create more shares to improve liquidity for trading.

After the share split, the company issue 1 bonus share for every 4 shares held by shareholders.

After the share split, the company issue 1 bonus convertible warrant for every 4 shares held by shareholders.

TQ

Posted by Jay > 2017-02-23 09:35 | Report Abuse

this number of shares just nice. no need to be crowded. once people notice the stock naturally liquidity will come

Posted by Diamond7 > 2017-02-23 19:42 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/123437?m=ca

Sifu Sifu...help me, I dont know accounting!
RM50,500,000......
Mercury only 40 million shares. when they receive RM50,500,000
does that mean Mercury will be very very cash rich?

Posted by Ckk2266 > 2017-02-25 09:21 | Report Abuse

:)

Posted by Jay > 2017-02-26 22:25 | Report Abuse

once it clears its borrowings, more than half of its market cap will be in cash. but more importantly, track record seems to suggest that the company is willing to return cash to shareholders

Posted by Jay > 2017-02-28 14:44 | Report Abuse

missed the chance to get more this morning

Posted by Ckk2266 > 2017-02-28 15:48 | Report Abuse

Top up @ 1.31

Posted by Jay > 2017-03-01 09:29 | Report Abuse

yup got some yesterday afternoon also.

Posted by Jay > 2017-03-01 09:34 | Report Abuse

people unnecessarily worry about the loss of contribution from car paint biz. next quarter profit will drop but cash will increase substantially. then the following quarter when the new contract kicks in, it will be more than sufficient to cover the car paint biz

Posted by Ckk2266 > 2017-03-03 08:22 | Report Abuse

Will accumulate more on weakness

Posted by Jay > 2017-03-03 10:36 | Report Abuse

yup as long as profit and dividend keeps coming (hopefully more contracts as well), I am fine with the quietness here

Posted by paperplane2016 > 2017-03-03 15:13 | Report Abuse

Jay,if paint biz good, why they want to sell?

Posted by Jay > 2017-03-03 15:38 | Report Abuse

paint biz is bad (for now), that's why they sell. now will focus on construction. RM50m market cap holding about RM300m order book, even though it's just 70% owned, that's still good value. and not to mention cash rich after selling paint biz

Posted by Jay > 2017-03-03 15:39 | Report Abuse

but that said, it could take two quarters before new contract effect kicks in, so there may still be some volatility come next quarter reuslts

Posted by Ckk2266 > 2017-03-07 10:47 | Report Abuse

Bought some @ 1.28

Posted by Jay > 2017-03-09 12:23 | Report Abuse

so tempted to add

Posted by Ckk2266 > 2017-03-10 09:40 | Report Abuse

Accumulate @ 1.26

Posted by Diamond7 > 2017-03-19 07:39 | Report Abuse

Bought at 1.24.....manage to get some.....

Posted by Diamond7 > 2017-03-20 08:37 | Report Abuse

Vow....cash rich after selling paint business. Excellent!!!