fusing79, go and exercise immediately. Follow the steps below :
(1) Contact Boardroom Share Registrar at 03-7890 4700 to get exercise form (2) Buy a banker cheque with amount 30sen per unit (exercise price) of warrants you want to exercise (3) Online bank in processing fee of RM21.20 to Boardroom Share Registrar. Attached the print out with exercise form when courier to Registrar (4) Courier to Registrar and your exercise request will be completed within 8-10 market days.
My experience is I couriered the exercise form on 16 Feb and mother share credited into my CDS on 22 Feb. Super fast...
Danco-Wa issued share: Number of Shares: 59,108,756 units share. Almost done. After finish converted into Mother share DANCO, ONE things for sure is after Danco-WA conversion, the mother issue shares will be increased by 17%+ (65,141m shares). Assuming all converted. from 387.89 mil + 65.141 mil, become 453,031,000 units share. Cash rich of DANCO will be reach RM80 mil-RM90 mil. Cash rich per share RM0.177-RM0.199.
Kindly be advised that DANCO's 149,000,000 Warrants 2017/2022 issued pursuant to the Free Warrants Issue has been admitted to the Official List of the Exchange and the listing and quotation of Warrants 2017/2022 on the Main Market under the “Trading/Services” sector has been granted with effect from 9.00 a.m., Friday, 2 June 2017.
The Stock Short Name, Stock Number and ISIN Code of the Warrants 2017/2022 are “DANCO-WA”,
DANCO's revenue increased by 51.6% from RM42.38 million in the corresponding quarter of the preceding year ("Q4 FYE 2020") to RM64.24 million in the current quarter under review ("Q4 FYE 2021"). The increase was mainly due to the revenue contribution of RM12.08 million from our MHS Solutions business (from the progress of our project at Jurong Port, Singapore, as announced by the Company to Bursa Malaysia Securities Berhad on 7 September 2020) and RM3.71 million from our E&E Engineering business (which the Group acquire on 15 April 2021), coupled with the increase in revenue contribution of RM6.95 million from our Metal Stamping business due to pent up demand. Our Pump Manufacturing business also recorded an increase in revenue of RM0.35 million due to higher demand. However, our Trading business recorded a decrease in revenue of RM1.01 million from RM22.93 million in Q4 FYE 2020 to RM21.92 million in Q4 FYE 2021, mainly due to the effects of the restrictive measures implemented by our Government to address the Covid-19 pandemic. In line with the increase in revenue, the Group recorded an increase of 49.5% in profit before tax, from RM5.82 million in Q4 FYE 2020 to RM8.70 million in Q4 FYE 2021.
DANCO's revenue increased by 72.9% from RM118.77 million in the financial year ended 31 December 2020 ("FYE 2020") to RM205.39 million in the financial year ended 31 December 2021 ("FYE 2021"), mainly due to higher revenue contribution from our Metal Stamping, MHS Solutions and Pump Manufacturing businesses, and revenue contribution from our E&E Engineering business. However, this was slighly offset by the lower revenue recorded by our Trading business (which decreased RM2.92 million (equivalent to 3.4%) from RM85.62 million in FYE 2020 to RM82.70 million in FYE 2021) due to the Covid-19 pandemic. In line with the increase in revenue, the Group recorded an increase of 24.0% in profit before tax, from RM21.42 million in FYE 2020 to RM26.57 million in FYE 2021.
DANCO's revenue increased by 45.5% from RM44.15 million in the immediate preceding quarter ("Q3 FYE 2021") to RM64.24 million in Q4 FYE 2021, mainly due to higher revenue contribution from our Trading, MHS Solutions, Metal Stamping and E&E Engineering businesses, with the relaxation of some of the Covid-19 pandemic measures by our Government in Q4 FYE 2021. Arising from the increase in revenue, the Group's profit before tax increased by 38.3% from RM6.29 million in Q3 FYE 2021 to RM8.70 million in Q4 FYE 2021.
Despite the challenges posed by the Covid-19 pandemic, the Group has managed to continue recording growth in revenue and profits in FYE 2021, mainly due to the strong performances showed by our businesses, save for our Trading business. The Group foresees that the Covid-19 pandemic will continue to pose uncertainties and challenges to the Group. Nonetheless, the Group will continue to strive hard to pursue sales in the domestic and overseas markets while taking taking steps to mitigate the impact of the pandemic. In addition, given the good performances showed by our acquiree companies, i.e. MTL and UTC, post acquisition, the Group will continue to seek and explore opportunities for acquisitions and collaborations in order to enhance our profitability.
Premised on the above and barring any unforeseen circumstances, DANCO expects our prospects and performance for the financial year ending 31 December 2022 to be satisfactory.
MTL has, on 25 January 2022, entered into a sale and purchase agreement ("SPA") with Ng Lye Heng to acquire a parcel of freehold agricultural land held under Geran Mukim 1047, Lot 22226, Mukim Klang, Tempat Sungai Rasau Ulu, Daerah Klang, Negeri Selangor, measuring approximately 9,106 square meters (equivalent to 98,016.17 square feet), for a total cash consideration of RM8,821,000, subject to the terms and conditions in the SPA ("Proposed Acquisition of Property"). The Proposed Acquisition of Property is currently pending completion.
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....