the whole movement is a scam.. bursa should take a look on the operators and syndicates controlling such stocks... pity retailers while the shark swimming freely..
Good Morning Guys, from my point of view, if owner really wanna sell warrant, why dont they just sell at open market at 20 cents there(that time), or even sell off at current point at 0.14 also can right?? hmmmm... think about it
my 2 cents, the directors aint selling mother shares, that means they are still holding the company firmly, and why they sold such quantity at such low price? They could sell at the current price instead of 0.1. I believe there is story behind. And even they sold a big block of warrant yet both the mother share and warrant prices remain stable today. Sometime we need reverse thinking to make money from share market.
Still trending at the bottom of downtrend channel and seemed to be forming a solid base at 0.42. A potential rehound is on the horizon if it holds, otherwise there will be another drop.
QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2023 The figures have not been audited SSB/11 12. Review of performance For the quarter under review, excluding a discontinued operation, the Group revenue was RM602 million and loss before taxation (“LBT”) was RM38 million as compared with revenue and LBT of RM574 million and RM65 million respectively for the corresponding quarter of the preceding financial year ended 30 June 2023 (“FY2023”). The higher revenue and lower loss for the quarter were attributable to higher sales volume and improved margin. 13. Material changes in loss before taxation against the immediate preceding quarter For the quarter under review, excluding a discontinued operation, the Group revenue increased to RM602 million from RM582 million of the preceding quarter. The Group LBT, excluding a discontinued operation, was RM38 million for the quarter under review as compared with LBT of RM24 million for the preceding quarter. Despite an increase in sales volume, the higher loss for the quarter was mainly attributable to lower selling price. 14. Prospects The industry outlook remains challenging as current global market conditions weigh on demand. Domestically, demand is not expected to improve until major infrastructure developments are rolled out. The Group will continue to be cautious and responsive to market needs and continue to focus its effort on operational efficiencies.
Despite an increase in sales volume, the higher loss for the quarter was mainly attributable to lower selling price."" taken from southern steel Q1 2024 report ended 30th Sept 2023. This report was out on 9 Nov 2023 (Thursday) after market closed. Lower steel price contributed signicantly to the bottom line (profit) of Mestron as steel is their main raw material for telecommunication poles and etc.
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Posted by Ccf2020 > 2023-11-07 22:25 | Report Abuse
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