Posted by Nobulshit > 2017-10-10 19:53 | Report Abuse

EPF started buying into MITRA on last Wed, 4th Oct

Posted by Nobulshit > 2017-10-12 01:05 | Report Abuse

Mitra
- 14-day average trend index, ATX is at 47.55 (strong trend)
- RSI 14-day: 38.17, 7-day: 46.06 and 3-day: 57.89 (Looking normal)
- 14-day CCI: +10.29 (very healthy)

Posted by fortheemprah > 2017-10-12 16:22 | Report Abuse

I don't understand, this stock is shet and yet there are people buying in and driving the price downwards. How retarded could you be?

Posted by alexsee > 2017-10-13 19:10 | Report Abuse

right issue with bonus share

Posted by Alex Lim > 2017-10-13 19:14 | Report Abuse

If I have 1000 units. Then what is the entitlement? Anyone can explain?

Posted by nich0las > 2017-10-13 20:08 | Report Abuse

Right Issue? is good or bad? The price drop so low liao.

Posted by Loh Boon Sen > 2017-10-13 20:50 | Report Abuse

Lousy stock..

Posted by klse888 > 2017-10-13 21:00 | Report Abuse

if hold 1000 unit then will get 200 right issue share 100 bonus share 100 unit free warrant.

Posted by comebackisreal > 2017-10-13 23:43 | Report Abuse

Right issue need pay additional money , investor won't like it.

Posted by PotentialGhost > 2017-10-14 09:53 | Report Abuse

Mittra right issue for repayment , and mitra now still face cost challenge。 not a good sign

Posted by dunspace > 2017-10-14 11:19 | Report Abuse

if you don't feel MITRAJAYA is a good company, then right issues adds to your concern. (But if just because of the right issues, you concluded that the company is lousy then you have to re-evaluate how you study a company.)

Otherwise, it is good as this company can pay off their debt without incurring extra interests expenses.

Posted by dunspace > 2017-10-14 12:26 | Report Abuse

btw i think cost challenge and right issues in Mitrajaya case is inter-related. Cost issue from project leads to high debt which leads to the need of a right issue. Knowing that cost issue stems from Petronas project due to high cost and also rushing to finish the project by this year end, there is a high possibility of early handing over fees compensation which was based on the contract.

You can call IR to find out the stage of completion of Rapid project, last i checked it was 70%, project is due at mid 2018.

Posted by investodiva > 2017-10-14 17:06 | Report Abuse

Foresee not much impact on Monday, as 5-1, and some free bonus warrant .. may go down and bounce back. Still long term play, positive side - at least save some interest. Just my opinion

Posted by gcke > 2017-10-14 17:47 | Report Abuse

1.This latest capital raising by the company will not be positive for the stock which is presently caught in the bearish mode.The present equity market condition is not supportive of such initiative by the company.
2.Similarly example can be made with MRCB when it made the right issue announcement.Its share price was immediately beaten down from 1.78 to the low of 1.13 before the ex-date.After the ex-date the price has been hovering at 0.935 cents level for awhile.
3.Why can't the company think of other ways to raise the capital needed? Why not call for Private Placement Exercise (PP) that can be subscribed by the major institutional shareholders or through the issuance of long-term bond.Maybe the investors will receive such proposal in a more positive light.
4.Additionally,basing on the Technical Price Indicators expect probably the stock price will trend lower next week because the buying support is weak since the beginning of last month circa September 2017.
The Moving Averages(MA) and RSI are not positive even though MACD showed an upward trend but the buying volumes had been low for almost a month- not supportive of the price.

Outcome- Such exercise is not positive for the stock and expect the price to trend lower towards the ex-date.Just to share on my analysis.It is not a recommendation to Buy,Sell or Hold.The money is yoursand the decision is yours to make.Good luck:-(((

Posted by comebackisreal > 2017-10-14 18:57 | Report Abuse

I guess it will caused the drop in share price. The old warrant premium is 40%. Can u imagine when the new warrant come. How is the price of the existing warrant D....

Posted by kenkenliew > 2017-10-14 20:12 | Report Abuse

If Long term no worries.

Posted by Malatlou > 2017-10-14 20:43 | Report Abuse

Right issues to repay debt and save their interest repayment to bank, which could save around RM 4mil ++ being paid to bank every year. So in long term is good sigmail. Short term bad for those who have no holding power and can't fork out more money to subscribe right issue

Posted by Eagle_T > 2017-10-15 10:49 | Report Abuse

Why don't collect the money from Customer leh... Mitra still have RM476million trade and other receivables leh... This amount already stay there for so many years. Seem like much easy to collect money from shareholder than from customer.

Posted by jerrynyew > 2017-10-15 17:14 | Report Abuse

那么说要是有1000股 买200权利 送100 凭单 在送100红股
到时候就是说我有1300股吗？ 100凭单是什么来的

Posted by filidon > 2017-10-16 09:02 | Report Abuse

Gap down

Posted by xcuteboy > 2017-10-16 09:06 | Report Abuse

y gap down?

Posted by filidon > 2017-10-16 09:10 | Report Abuse

right issue

Posted by wsngsj > 2017-10-16 09:11 | Report Abuse

gg

Posted by xcuteboy > 2017-10-16 09:16 | Report Abuse

y gg?

Posted by filidon > 2017-10-16 09:18 | Report Abuse

after disappointing quarter result and foresee the remaining challenging outlook ( due to Petronas Rapid cost overrun ). it is hard to up in next 6 months

Unless it got a pretty next quarter result

Posted by limlw > 2017-10-16 09:26 | Report Abuse

can someone explain on the right issue? so if i invest 1000 shares now will get extra 200 shares?

Posted by blowwater > 2017-10-16 09:27 | Report Abuse

Wow... already lose money still want us to pump in money... you think we are ATM ?

Posted by blowwater > 2017-10-16 09:29 | Report Abuse

If you have 1000 share
You need to buy the right issue 200 share
Then you will get 100 bonus share and 100 warrant E
Total shareholding = 1300 share + 100 warrant E

Posted by alexsee > 2017-10-16 09:36 | Report Abuse

director own 40% of shares.. who is controlling the game? hmm..

Posted by blowwater > 2017-10-16 09:45 | Report Abuse

I’m pity of EPF... Acquired huge share at Sep’17.

Posted by yesyesyes > 2017-10-16 09:47 | Report Abuse

blowwater , please dont pity them .. you should pity us since we are the one providing the fund to them monthly .. heart break ..

Posted by User Yap > 2017-10-16 10:25 | Report Abuse

jin kak punya company

Posted by blowwater > 2017-10-16 10:25 | Report Abuse

Dissapointed... Bleeding everywhere. Almost lose 25% ++ of the Mitra Investment. Have to F TEP in next GM.

Posted by User Yap > 2017-10-16 10:26 | Report Abuse

and jin kak punya management

Posted by putucapati > 2017-10-16 10:42 | Report Abuse

hahaha malu loh supporters roti money also lost

Posted by Jarongan > 2017-10-16 11:14 | Report Abuse

Knnccb...... this con stock

Posted by tecpower > 2017-10-16 11:14 | Report Abuse

Today world stock markets except KLCI are very bullish. Don't get mislead by absurd local news! haha

Posted by Darren > 2017-10-16 11:39 | Report Abuse

@nobulshit
ATX is at 47.55 (strong trend) is the downtrend, negative directional index is stronger

Posted by Kays > 2017-10-16 11:49 | Report Abuse

I guess this stock will stay at low level until, the right issue complete. Dammnnn thats a pain in the ass.

Posted by nich0las > 2017-10-16 12:07 | Report Abuse

Belum jadi sudah drop, kalo jadi berapa sen tinggal? 50sen?

Posted by dunspace > 2017-10-16 12:10 | Report Abuse

stomach the pain, things like these happen in the market.

Posted by investodiva > 2017-10-16 12:12 | Report Abuse

Never expect this ..f

Posted by cactushooi84 > 2017-10-16 12:21 | Report Abuse

fuck this company......duit tak ada mintasuit dari us lah....

Posted by nich0las > 2017-10-16 12:57 | Report Abuse

Stupid Malacca Research TP1.40.

Posted by trade88 > 2017-10-16 13:05 | Report Abuse

bloody shit ...lousy company..

Posted by trade88 > 2017-10-16 13:05 | Report Abuse

bastard

Posted by trade88 > 2017-10-16 13:05 | Report Abuse

bastard

Posted by trade88 > 2017-10-16 13:06 | Report Abuse

avoid this stock forever...no cash and want to get money from investor.....shit

Posted by trade88 > 2017-10-16 13:06 | Report Abuse

avoid this counter

Posted by sasword > 2017-10-16 13:18 |

Post removed.Why?