Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.
See....told you edi Back to Square One...a short lived euphoria / joy... Those trapped especially innocent newbies must blame this Great Pretender...him laaa Non others.. Heard he was trapped Liao n be headed...CONDOLENCE
Look at annual P/L and capital changes in above link
Announced EX Date Subject Ratio Offer 21 Jan 2022 08 Feb 2022 Share Consolidation 1.0000 : 10.0000 16 Aug 2021 27 Aug 2021 Rights Issue (warrant) 1.0000 : 1.0000 0.0600
After share consolidation, NOSH approaching 1 BILLION shares again
Multi year loss making penny stock ================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
Advice given fell on deaf ears- PITY Those trapped must blame him ?.....Who ? That Great Pretender for misleading you especially Innocent Newbies At least must THROWWWW virtual shoes as a spicy symbolic on him
4. Cash and Cash Equivalent: Cash and bank balances RM 560,000
5. Assets: Current Assets RM 36,431,000 Non-current Assets RM 204,544,000 TOTAL ASSETS RM 240,975,000
6. Liabilities: Current Liabilities RM 14,271,000 Non-current liabilities RM 0 TOTAL LIABILITIES RM 14,271,000
7. QR2 2024 results : - Revenue RM 9,969,000 (down from QR1 2024 of RM20,691,000) - Gross profit RM 1,985,000 - Net profit / (loss) (RM 1,464,000) (up from QR1 2024 loss of (RM382,000)
Note 1:
Revenue decrease by RM13.3 million in current financial quarter ended 31 March 2024 (“Q2 2024”) as compared to the corresponding quarter ended 31 March 2023 (“Q4 2023”) which was mainly due to significantly decrease in the sales generate from Sung Master Holdings Sdn Bhd on trading of building materials. Besides, Q2 2024 has recorded loss after taxation of RM0.7 million as compared to the profit of RM1.6 million in Q4 2023. This was mainly due to loss on disposal of motor vehicles which has contributed a total of RM1.1 million in current financial quarter.
Note 2:
The Group recorded loss after taxation of RM0.7 million as compared to profit after taxation of RM0.6 million in Q1 2024. The loss was recorded in Q2 2024 was mainly due to non-recurring expenses such as loss on disposal of motor vehicles of RM1.1 million.
Anyway, I am expecting for the next cycle of GORENG for Kanger...... For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. Better now or soonerr!!!
Directors restarting massive fund raising via massive shares issuance.
KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF KANGER ("PRIVATE PLACEMENT")
=========== Expect more fund raising via massive shares issuance to increase the NOSH to Billion shares again. After that, directors might repeat share consolidation again.
After rights issue and share consolidation in 2022, NOSH will once again hit 1 BILLION soon Directors is back to fund raising via massive shares issuance to PP, ESOS, RI, etc causing dilution to retailers shareholding equity % and EPS
================== KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF KANGER ("PRIVATE PLACEMENT")
On behalf of the Board, UOBKH wishes to announce that the Board had on 25 June 2024 resolved to fix the issue price for the Private Placement at RM0.0535 per Placement Share.
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
Finally.... On behalf of the Board, UOBKH wishes to announce that the Board had on 25 June 2024 resolved to fix the issue price for the Private Placement at RM0.0535 per Placement Share.
@whistlebower99. Big loss @Nexgram, Exited Kanger with a big reducing amount of losses but reentered back some, early 2024 gained big @ itronic and itronic w and gained substantial amount @Wegman W...
Overall, already recovered +-80 percent of my initial investment.....
Year 2024 is a good year for my investment.. Hope will be better...
MZM, kanger directors repeating modus operandi. Fund raising via shares issuance to PP ESOS RI, asset acquisition etc Make business losses to let company fund flow out to someone When NOSH becomes too high to manage, directors will do shares consolidation and rights issue with free warrant
@whistleblower99... Thanks for your perception on Kanger. For me, its 70 percent true... But... I still have some hope on this company.... Still has a room and possibility to be a GORENG COUNTER....
Hope I should not wait too long for that time... TAYOR.
Anyways,,, I am expecting for the next cycle of GORENG for Kanger...... Just a simple theory.. The price probably not going far below the issue price for the PP shares.... TAYOR...
Details of corporate proposal Private placement of up to 20% of the total number of issued shares of Kanger International Berhad No. of shares issued under this corporate proposal 30,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0535 Listing Date 01 Jul 2024
It's been a week since OKU_2020's last post , is he died??? Man, i hope he's ok, i really like that clown, we need clown like him to spice up our life a bit....
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI. This announcement is dated 15 July 2024.
================
List of high NOSH penny stocks with shares consolidation :-
Announced EX Date Subject Ratio Offer 21 Jan 2022 08 Feb 2022 Share Consolidation 1.0000 : 10.0000 16 Aug 2021 27 Aug 2021 Rights Issue (warrant) 1.0000 : 1.0000 0.0600 27 Mar 2015 08 Apr 2015 Others (warrant) 1 : 2 View 26 Aug 2014 09 Sep 2014 Bonus Issue 1 : 5 View
===================== NOSH = 761,581,371 approaching 1 BILLION shares again after share consolidation in Feb 2022
Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition, etc
=========== Expect Cindy Kate to play the price to attract & trap newbies, punters, fomo oldbies etc
Anyways, I am expecting for the next cycle of GORENG for Kanger...... For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MZM2511
4,512 posts
Posted by MZM2511 > 1 month ago | Report Abuse
Furthermore, Kangers's balance sheet is better than Permaju's.