INDUSTRONICS BHD

KLSE (MYR): ITRONIC (9393)

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Last Price

0.06

Today's Change

-0.005 (7.69%)

Day's Change

0.06 - 0.065

Trading Volume

4,163,400


2 people like this.

3,298 comment(s). Last comment by speakup 12 hours ago

ckphan

77 posts

Posted by ckphan > 1 month ago | Report Abuse

Collect collect… keep collect

leedavid

395 posts

Posted by leedavid > 1 month ago | Report Abuse

buy migth shoot soon

ckphan

77 posts

Posted by ckphan > 1 month ago | Report Abuse

Time to take the ride

Risk Trader

3,938 posts

Posted by Risk Trader > 4 weeks ago | Report Abuse

Anyone know how much the exercise price of warrant ?

Raiz368

1,384 posts

Posted by Raiz368 > 4 weeks ago | Report Abuse

I think around 8 to 10 cent.

Risk Trader

3,938 posts

Posted by Risk Trader > 4 weeks ago | Report Abuse

Wow...that mean warrant price will be around 5-8 cent

ziafdhom

13 posts

Posted by ziafdhom > 4 weeks ago | Report Abuse

On 9 December 2022, on behalf of our Board, TA Securities had announced the following:
(i) the fixing of issue price for the Rights Shares at RM0.08 each;
(ii) the fixing of exercise price for the Warrants at RM0.10 each

Risk Trader

3,938 posts

Posted by Risk Trader > 3 weeks ago | Report Abuse

Ziadhom...when the warrant to be listing ?

ziafdhom

13 posts

Posted by ziafdhom > 3 weeks ago | Report Abuse

Expected 27th Jan

AlfI3

1,168 posts

Posted by AlfI3 > 3 weeks ago | Report Abuse

Is after CNY, meaning liquidity will b spent during CNY instead of subscribe to d RI, causing possibly undersubscribed

Raiz368

1,384 posts

Posted by Raiz368 > 3 weeks ago | Report Abuse

RI fully subscribed bcos mother maintain at 7.5 to 8 cent.

Jovan

106 posts

Posted by Jovan > 3 weeks ago | Report Abuse

since mother price sustain at 7.5 to 8 cents and RI is 8 cents, it makes no sense to subscribe RI.

ziafdhom

13 posts

Posted by ziafdhom > 3 weeks ago | Report Abuse

Agreed

Raiz368

1,384 posts

Posted by Raiz368 > 2 weeks ago | Report Abuse

If you subscribe RI today, you will get free warrant. Ratio 4 R 3 warrant. Exercise price at 10 cent for maturity 5 year. I think warrant will open price on first day listing around 3-5 cent.

Risk Trader

3,938 posts

Posted by Risk Trader > 2 weeks ago | Report Abuse

I think operator will push up the price to above 10 cent before 26th Jan 2023

Winner38

220 posts

Posted by Winner38 > 2 weeks ago | Report Abuse

Bought at 0.075, then queue in at 0.07..ini Kali lah..

Raiz368

1,384 posts

Posted by Raiz368 > 2 weeks ago | Report Abuse

Today operator already enter and collect at 0.075 cent.

Risk Trader

3,938 posts

Posted by Risk Trader > 2 weeks ago | Report Abuse

No more selling pressure...is time to enter. Best entry at 0.075 cent

Income

3,819 posts

Posted by Income > 2 weeks ago | Report Abuse

This will happen lah.

AlfI3

1,168 posts

Posted by AlfI3 > 2 weeks ago | Report Abuse

Anticipated no selling pressure? So great ah, can b trusted.....?

Raiz368

1,384 posts

Posted by Raiz368 > 2 weeks ago | Report Abuse

Everyday up half cent before warrant listing...big angpow by Intronic before CNY guys.

taihai

477 posts

Posted by taihai > 2 weeks ago | Report Abuse

ri +w become rubbish ???? cap from 1.6b to 13b

taihai

477 posts

Posted by taihai > 2 weeks ago | Report Abuse

how to invest ??? no quality stock ????

CharlesT

14,151 posts

Posted by CharlesT > 2 weeks ago | Report Abuse

RI seriously undersubscribed....only abt 30%

Risk Trader

3,938 posts

Posted by Risk Trader > 2 weeks ago | Report Abuse

The balance of 70% will be subscribe by major shareholder....

CharlesT

14,151 posts

Posted by CharlesT > 2 weeks ago | Report Abuse

Risk Trader

The balance of 70% will be subscribe by major shareholder....

NOPE. They didnt subscribe so.

On behalf of Industronics, TA Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 11 January 2023 (“Closing Date”), the Company has received valid acceptances and excess applications for a total of 270,058,985 Rights Shares, representing a subscription rate of 30.86% over the total number of Rights Shares available for subscription under the Rights Issue.

The minimum subscription level for the Rights Issue had been achieved notwithstanding the under-subscription for the Rights Issue.

The total number of excess Rights Shares available for allocation is 742,090,073. In view that the total number of excess Rights Shares applied for was 137,088,510, the Board has decided to allot the excess Rights Shares to all the entitled shareholders and/or their renouncee(s)/transferee(s) who have applied for the excess Rights Shares

Jovan

106 posts

Posted by Jovan > 1 week ago | Report Abuse

As expected, the subscription rate will be extremely low because of current price is lower than offer price for RI.

Risk Trader

3,938 posts

Posted by Risk Trader > 1 week ago | Report Abuse

Now company cash rich so they must utilizes the RI money to inject for new business...

AlfI3

1,168 posts

Posted by AlfI3 > 1 week ago | Report Abuse

Wasn't tat d objectives of raising d cash call been ironed in its RI AP?

speakup

19,470 posts

Posted by speakup > 1 week ago | Report Abuse


RI is for this: https://www.theedgemarkets.com/node/649409

Raiz368

1,384 posts

Posted by Raiz368 > 1 week ago | Report Abuse

After CNY this counter will fly and break all time high.

zhm540

2,393 posts

Posted by zhm540 > 6 days ago | Report Abuse

now the directors hold most of the shares, it is about time they push it up again

zhm540

2,393 posts

Posted by zhm540 > 6 days ago | Report Abuse

now the directors hold most of the shares, it is about time they push it up again

speakup

19,470 posts

Posted by speakup > 6 days ago | Report Abuse

dun waster your time on this
swap to muhibah better. CEO Mac is currently goreng muhibah now. Easy fast money

Risk Trader

3,938 posts

Posted by Risk Trader > 5 days ago | Report Abuse

Press down the mother share before son to be listing by this friday....

AlfI3

1,168 posts

Posted by AlfI3 > 4 days ago | Report Abuse

If ppl pressed it down, there are supports to push up dis ctr price too till break 8 cents phycological lvl. It is called CNY fevers

khpwwl

3,107 posts

Posted by khpwwl > 4 days ago | Report Abuse

no hope lian....

surewin111

127 posts

Posted by surewin111 > 3 days ago | Report Abuse

6 sen very cheap le

hakubasnow

260 posts

Posted by hakubasnow > 3 days ago | Report Abuse

This Itronic gave a nice surprise to the anybody who's willing
to defy the odds and subscribed to the Right Issue

OR = 0.005 since the first day
Massively undersubscribed at 69.14%

Let say you bought 200,000 OR @ 0.005 = RM 1,000
To subscribe to the Right Issue = 200,000 x 0.08 = RM 16,000

Total cost = RM 17,000

2 :1 Rights Issue & 3 Warrant : 4 Right Share subscribed @ 0.08
So for every 200,000 Right Issue subscribed you are entitled to 300,000 warrants

Based on Friday's closing price :
Itronic = 0.06
Itronic-WA = 0.03

You sold all 200,000 Rights @ 0.06 = RM 12,000
You sold all 300,000 Warrants @ 0.03 = RM 9,000
Total = RM 21,000

Profit = 21,000 - 17,000 = RM 4,000

speakup

19,470 posts

Posted by speakup > 2 days ago | Report Abuse

but obviously Datuk Chu didn't do that. hahahha

surewin111

127 posts

Posted by surewin111 > 2 days ago | Report Abuse

hakubasnow, good information about the right issue, you think can buy @ 0.060 and warrant 0.025?

hakubasnow

260 posts

Posted by hakubasnow > 2 days ago | Report Abuse

#surewin111 I would not recommend doing so, now with the listed rights and warrants, there are more shares in the market. People would just sold off and be done with it. Same like BTM Right Issue. Since the the listing on 16/01/23, the price for both Right & Warrant do not see much movement.

khpwwl

3,107 posts

Posted by khpwwl > 1 day ago | Report Abuse

you think you can sell at 0.03 warrant? hahaha...

AlfI3

1,168 posts

Posted by AlfI3 > 1 day ago | Report Abuse

haha, try to do it & proof to us; illustrate very much easier that the actual transactns. Isnt it?

hakubasnow

260 posts

Posted by hakubasnow > 1 day ago | Report Abuse

I got nothing to prove to you because I didn't buy Itronic
I'm tracking all entitlement : Bonus Issue, Right Issue and Dividend.
Been doing that for so many years. The best RI that gave me huge
profit were PMBTech and Scanwolf

Putting forward my opinion on Itronic here is just as a reference and case study,
because the RI although was massively undersubscribed it still can make nice returns.
Recent RI that I subscribed and made money are Huayang and Rex. I only choose companies
with good track records that issue rights and warrants that do not run into billions
like BTM, BSL etc

Currently focusing on Annum. Bought @ 0.29 before ex-date and already sold off my shares @ 0.31
on Friday. Will now subscribe online to the right issue before acceptance date.

surewin111

127 posts

Posted by surewin111 > 1 day ago | Report Abuse

hakubasnow, l bought BTM and ITRONIC warrant at 2.5sen and hopefully to sell at 5sen. hehehe

AlfI3

1,168 posts

Posted by AlfI3 > 13 hours ago | Report Abuse

Hi Hakubasnow, thx for d sharings.

From ur comments, how wud u think abt Annum? Consider a "comp w good track rkds"; as very rare this comp announcing news & mkting info?

Sincerely hope to listen to ur views on this note.

"I Currently focusing on Annum. Bought @ 0.29 before ex-date and already sold off my shares @ 0.31
on Friday. Will now subscribe online to the right issue before acceptance date.

speakup

19,470 posts

Posted by speakup > 12 hours ago | Report Abuse

datuk chu didn't subscribe for excess just show how little confidence he has in his own company

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