Posted by Will188 > 2020-09-30 13:47 | Report Abuse

Can buy back.. But not now

Posted by Will188 > 2020-09-30 14:29 | Report Abuse

They accumulating... Obvious

Posted by lancefire > 2020-09-30 14:54 | Report Abuse

Really kena throw

Posted by Xiduzidu88 > 2020-09-30 14:58 | Report Abuse

They want trow until b3low 0.100, sell and wait .

Posted by Justicevin396 > 2020-09-30 15:12 | Report Abuse

run lah its trap ,pity those stay 0.19

Posted by Lanpaji > 2020-09-30 15:25 | Report Abuse

Sell now please.
Sell all.
Shark gone..
Now left retailer only...
Pity those who get con...

Posted by Xiduzidu88 > 2020-09-30 21:01 | Report Abuse

See u guys tomorrow 0.100, right issue,omg

Posted by Will188 > 2020-09-30 21:15 | Report Abuse

Go bursa announcement.. New PP to turnaround Company Liabilities

Posted by ABSBOSS > 2020-09-30 21:16 | Report Abuse

right issue at 20 cents to settle majority to settle Ikhmas Jaya Holdings debt...The money goes to them again

Posted by ABSBOSS > 2020-09-30 22:12 | Report Abuse

@will188 agreed..

Posted by ABSBOSS > 2020-10-01 01:01 | Report Abuse

https://www.theedgemarkets.com/article/top-builders-resolve-financial-problems-issuing-shares-including-cash-call?type=malaysia

Posted by maimunah > 2020-10-01 11:51 | Report Abuse

Top Builders Capital Bhd (formerly known as Ikhmas Jaya Group Bhd) has announced a cocktail of proposals, including debt-to-equity settlement and a rights issue, to lift itself out of the financial woes.

Posted by maimunah > 2020-10-01 11:51 | Report Abuse

Upon completion of the debt restructuring and capitalisation exercise, the company's issued share capital would more than quadruple to 2.79 billion shares, while its gearing would drop to 0.34 times from 0.9 times as of end-2019.

Posted by maimunah > 2020-10-01 11:52 | Report Abuse

Meanwhile, the company signed a letter of agreement with substantial shareholder Dinersty Group Sdn Bhd — which holds a 10.28% equity stake — to settle the advances the latter made. Top Builders will issue 13 million shares to Dinersty at 20 sen per share. The advances paid by Dinersty were for staff salaries, as well as payments made on behalf of the group to its creditors

Posted by maimunah > 2020-10-01 11:52 | Report Abuse

After the share settlement, Top Builders would owe Dinersty RM4,017.20 which would be paid in cash.

Posted by maimunah > 2020-10-01 11:52 | Report Abuse

Top Builders is also proposing a one-for-one rights issue at an issue price of six sen per rights share. The cash call will be sweetened by 496.87 million warrants on the basis of one warrant for every two rights shares subscribed.

Posted by maimunah > 2020-10-01 11:52 | Report Abuse

The company will undertake the rights issue after its proposed private placement and the share settlements with its creditors and Dinersty. The maximum number of shares issued for the cash call is estimated to be 993.7 million, nearly double of its current issued share capital of 588.35 million units.

Posted by maimunah > 2020-10-01 11:53 | Report Abuse

Top Builders wants to raise up to RM59.63 million from the cash call, of which up to RM27.2 million would be used for its LRT3 contract, RM13.37 million as working capital, RM10.1 million to repay bank borrowings, and RM7.9 million to fund future projects.

Posted by maimunah > 2020-10-01 11:53 | Report Abuse

To address its whopping accumulated losses of RM90.11 million, the company has proposed a capital reduction of RM100 million, which will result in retained earnings of RM8.67 million

Posted by maimunah > 2020-10-01 11:53 | Report Abuse

Furthermore, the company is granting share options, involving no more than 15% of its share capital, to eligible directors and employees.Top Builders said the proposals are not inter-conditional.

Posted by CUTLOST > 2020-10-01 13:42 | Report Abuse

Ayo.. 14cts is still not the lowest

Posted by Will188 > 2020-10-01 13:42 | Report Abuse

Conclusion on share price now?

Posted by Will188 > 2020-10-01 15:38 | Report Abuse

Also advice ppl newbie refer xox.. Similar trend/ppl

Posted by Justicevin396 > 2020-10-01 17:15 | Report Abuse

fuckin con counter

Posted by ABSBOSS > 2020-10-02 07:04 | Report Abuse

Morning sell evening buy back la...

Posted by Frank880 > 2020-10-02 09:44 | Report Abuse

Bye bye no more show liao better run

Posted by BearishTrend > 2020-10-02 09:48 | Report Abuse

12cts just nice Entry

Posted by newbie1805 > 2020-10-02 10:29 | Report Abuse

will reach 12cents? 125cents so high volume there

Posted by Frank880 > 2020-10-02 12:10 | Report Abuse

Con xox better than here liao
Gg con counter

Posted by 2021willnotbetter > 2020-10-02 12:13 | Report Abuse

0.005 counter soon

Posted by ABSBOSS > 2020-10-02 12:15 | Report Abuse

Apa lagi 11.5 sen sudah.. Jom beli

Posted by darkangell > 2020-10-02 12:24 | Report Abuse

Save ur money better

Posted by Justicevin396 > 2020-10-02 13:09 | Report Abuse

6cent share offer , this counter will gg for long time lah . move to others or glove sector 1 day d suppass this cacat counter

Posted by Justicevin396 > 2020-10-02 13:10 | Report Abuse

sohai director

Posted by Justicevin396 > 2020-10-02 13:27 | Report Abuse

trump tested positive covid run!!!

Posted by lancefire > 2020-10-02 14:53 | Report Abuse

In any penny stocks, the first thing gotta know is when to cut loss. A gangrenous toe if cut too late will eat up a whole leg.

The only difference is in stocks, you can decide when you wanna grow back the toe (re-enter).

Posted by tomwah > 2020-10-02 15:27 | Report Abuse

cut loss :(

Posted by Needluck > 2020-10-02 15:45 | Report Abuse

construction penny counters, this is the worst one, dont know how come this company can get project...

Posted by newbie1805 > 2020-10-02 15:48 | Report Abuse

0.11 already...dunno still will drop further or not :(

Posted by Marky3 > 2020-10-02 16:13 | Report Abuse

Ppl already announce right issue. Sure will drop la. Wait them finish exercise then u see lor. It will drop further

Posted by newbie1805 > 2020-10-02 16:15 | Report Abuse

still will drop further somemore o??? :(

Posted by 2021willnotbetter > 2020-10-05 10:04 | Report Abuse

its already a norm for this counter to drop 10% per day.

Posted by Justicevin396 > 2020-10-05 16:30 | Report Abuse

rebound faster run loh

Posted by Justicevin396 > 2020-10-05 16:30 | Report Abuse

like run now think will drop further

Posted by larrywyl > 2020-10-06 06:28 | Report Abuse

buy buy buy

Posted by DreamGladiator > 2020-10-07 10:25 | Report Abuse

Could be good price for long term holding

Posted by DreamGladiator > 2020-10-07 10:26 | Report Abuse

But still kind of a bit risky for day trading or short term contra play

Posted by lancefire > 2020-10-09 06:17 | Report Abuse

Hmmm slowly gaining again but pattern not established yet

Posted by KeyofKingdom > 2020-10-09 08:54 | Report Abuse

name has changed ?

Posted by zeroth > 2020-10-09 09:30 | Report Abuse

yaya change to TOP BUILDERS CAPITAL BERHAD