METRONIC GLOBAL BHD

KLSE (MYR): MTRONIC (0043)

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Last Price

0.09

Today's Change

0.00 (0.00%)

Day's Change

0.09 - 0.10

Trading Volume

14,265,500

Changes
Ann. Date Date Type Name Title View
Discussions
11 people like this. Showing 50 of 10,266 comments

su1801

@whistlebower..... thank you on your experience and sharing... hope it's climb high... pity on me and others still on condo

1 month ago

su1801

@mansaham1972...good luck for you.. mesti ada rezeki you..

1 month ago

su1801

go go.... Tp 0.30 cent above....

1 month ago

mansaham1972

Ya su1801,harap you untung besar balik

1 month ago

su1801

go mtronic... go mtronic.....

1 month ago

su1801

go mtronic..... pasti boleh....

1 month ago

su1801

@whistlebower99 ...thank you yea.... friendly reminder from you....

1 month ago

su1801

If there is opportunity.. Just try our luck.... good luck all traders..

1 month ago

mansaham1972

Saya belum jual,tunggu cecah 20 sen atau tengok prestasi dulu hahaha

1 month ago

su1801

otw to moon.... go go mtronic

1 month ago

su1801

Good luck traders....

1 month ago

fl888

Saudee ri at 15cts now 5.5cts...Pasuk RI at 8cts now 2cts.......

1 month ago

kenie

喜欢 MTRONIC 的旧股东聪明都会高价卖掉 MTRONIC 拿回钱在买新的低价的 RIGHT ISSUE 7c free warrant ,只有蠢傻笨的旧股东在holding 着 MTRONIC

1 month ago

whistlebower99

FOR NEWBIES

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,496,319,636 NEW ORDINARY SHARES IN METRONIC GLOBAL BERHAD ("METRONIC" OR THE "COMPANY") ("METRONIC SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE TOGETHER WITH UP TO 498,773,212 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS B") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS B FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 10 JUNE 2022 ("RIGHTS ISSUE WITH WARRANTS")

Ex-Date 09 Jun 2022
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.0600
Ratio (New:Existing) 6.0000 : 1.0000

Date for commencement of trading of rights 13 Jun 2022
Date for cessation of trading of rights 21 Jun 2022

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 05 Jul 2022

Acceptance and Payment 28 Jun 2022 05:00 PM
Excess share application and payment 28 Jun 2022 05:00 PM

Available/Listing Date 13 Jul 2022

https://www.klsescreener.com/v2/announcements/view/3553643

================
Be prepared to contribute more money to directors fund raising exercises

================
TAYOR

1 month ago

whistlebower99

Based on price movement of other penny stocks with similar corporate exercise, be prepared for share price to drop below rights issue price if rights issue acceptance is low and lacklustre

Stocks like fast, pasukgb, pdz, ages, vizione, permaju, csh, eastlnd, kanger, trive, etc

1 month ago

Legend

Sudah ada profit cabut la...apa tunggu

1 month ago

sunsetbiz

a loss from disposal of investment in quoted shares of RM3.2 million recorded during the period.....keep trf to cash to their pocket lol....:)

1 month ago

citadel888

right issue only 7 cents stuupeed here still buying at 0.12???

1 month ago

whistlebower99

FOR NEWBIES

QR is out. Another quarter of losses

Profit/(loss) attributable to ordinary equity holders of the parent -4,742,000

https://www.klsescreener.com/v2/stocks/financial-report/0043/2022-03-3...

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

================
TAYOR, set realistic target

1 month ago

sapdresmen

only worth 4c

1 month ago

sunsetbiz

2-3c for all safe....:)

1 month ago

Legend

Warning sudah bagi...Suruh cabut tak nak cabut...pilihan sendiri.

1 month ago

winston1

At 6 sen RI subscription, they will push up to entice shareholders to subscribe

1 month ago

mansaham1972

Masuk balik harga 10.5 sen utk main 2n3 hari,jgn cuba2 hold sudah la

1 month ago

mansaham1972

Paling best hari ni q beli G3 harga 7 sen dan jual balik 7.5 sen beberapa kali,daoat jugak kopi nasik lemak hahaha

1 month ago

su1801

@mansaham1972....wah untung banyak lah.. hari hari luck.... Tahniah ye...

1 month ago

su1801

peram lah dia ni buat pekasam.... hahaha..... x kan 8 tahun x naik.... hahaha

1 month ago

su1801

go mtronic go mtronic.... Diversification.. ......Business expanding..... hahaha

.

1 month ago

Icon 888

0.06 or Below coming… DUN Buy right issue 0.06 .. sure 0.06 or Below la

1 month ago

Citadel12

Post removed.Why?

4 weeks ago

fl888

sure RI will be undersubscribed and have to be supported with RM10 million by the 2 directors who will become substantial shareholders....

4 weeks ago

Beginner27

Is it worthy to subscribe Right Issue@ 6 sen?

4 weeks ago

ajime17

why don't subscribe but got OR suddenly

3 weeks ago

winston1

OR can either be subcribed or sold in market

3 weeks ago

PennyStock123

WAH!!.... first day already 13 mil rights sold....not bad...

3 weeks ago

su1801

@whistlebower99......when the WB will be listing yea??? From your comment I can see you are have long experience

3 weeks ago

su1801

You really can understand the Bursa movement and the cheat company

3 weeks ago

PennyStock123

Date for cessation of trading of rights is not 21 Jun 2022....its friday 17 June 2022 (tomorrow)

3 weeks ago

PennyStock123

i just checked with Maybank Trade....

3 weeks ago

whistlebower99

FOR NEWBIES

Changes in Director's Interest (Section 219 of CA 2016)

Particulars of Director
Name DATUK SERI TAN CHOON HWA
1 14/06/2022 1,000,000 Disposed Direct Interest
Consideration (if any) RM0.105

2 14/06/2022 863,700 Disposed Direct Interest
Consideration (if any) RM0.105

Total no of securities after change
Direct (units) 0
Direct (%) 0.000
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0.000
Date of notice 16/06/2022

==================
Director sold all his shares

==================
Price likely to drift lower after closing date and before listing date.

=================
TAYOR

3 weeks ago

whistlebower99

FOR NEWBIES

Some of the penny stocks that offered rights issue :-

1. FAST 17/11/21 RI 2:1 @ 0.12
2. EASTLND 17/1/22 RI 19:7 @0.07
3. ARBB 19/1/22 RI 1:1 @ 0.12
4. CSH 21/12/21 RI 1:1 @ 0.15
5. VIZIONE 4/2/22 RI 1:1 @ 0.08
6. TWL 8/9/21 RI 3:4 @ 0.04
7. PASUKGB 21/6/21 RI 6:1 @ 0.10
8. PDZ 1/8/21 RI 6:1 @ 0.14
9. PERMAJU 3/11/21 RI 1:1 @ 0.07
10. BCMALL 23/7/21 RI 6:4 @ 0.08
11. AGES 5/5/22 RI 2:1 @ 0.20

=================
Compare the current price

==================
TAYOR, don't be caught at high price

2 weeks ago

PennyStock123

today is last day to buy the Mtronic Rights share....

2 weeks ago

PennyStock123

last chance...

2 weeks ago

JJPTR

MTRONIC went ex 10:1 consolidation on 19th May ,2022, ex-price 15c.
Now , 1 week later it is 12c !!!!!
20 % wipe out for those who go in at 15c
or 50% wipe out for those who buy @2.5c before 10:1 consolidation.

On May 25th, as predicted, MTRONIC announce MASSIVE RI, 6 FOR EVERY ONE HELD @6C
IF you are still holding at 12c now. just dump and RUN FOR YOUR LIFE.
As the ex date of 10:1 approach,price of Mtronic willslide to 6c or below.It is downtrend all the way .
If it bounce up to 12c or above, dump to the syndicate.
It will drop to 6c and below just b4 the RI go ex

This FINTEC related counters, about 60 of them, are SUPER dangerous.
Why? They can drop from 26c to 1c, and @ 1c, that is NOT the bottom yet.
It can still drop to 0.05c, a drop of 20 times from1c, ,by initiating 20:1 consolidation.

This 80-90% wipe out for KANGER already happen once in 2021 when Kanger issue right 2.8b share
Guys beware of massive slaughter going on in these covid19 MOU/PP/RI/ESOS with 15 qtrs loss making companies. There are about 60 of them, all with same gang of CEO,ED, each earning millions from 5 or 6 companies.
And they only produce revenue of 1m per qtr, but loses can come to 70m

DIRECTOR SELLING
its immediate level willbe 6c .
3206

2 weeks ago

ajime17

mtronic mahu ke mana

2 weeks ago

AlfI3

Can pls eleborate how d operator "power" it??

1 week ago

whistlebower99

FOR NEWBIES

1. CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN METRONIC GLOBAL BERHAD HELD AT 5.00 P.M. ON 20 MAY 2022 INTO 1 SHARE

Consolidation COMPLETED
Closing price on 18 May = 0.01
Ex-date 19 May consolidated price = 0.10

=================
2. RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,496,319,636 NEW ORDINARY SHARES IN METRONIC GLOBAL BERHAD AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE TOGETHER WITH UP TO 498,773,212 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS B") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS B FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 10 JUNE 2022

Ex-Date 09 Jun 2022 (COMPLETED)
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.0600
Ratio (New:Existing) 6.0000 : 1.0000
Ex Price = 0.065

==================
Date for commencement of trading of rights 13 Jun 2022
Date for cessation of trading of rights 21 Jun 2022
MTRONIC-OR Price = 0.005 seller quote
Closing price on 20 Jun 2022 = 0.09

===================
Acceptance and Payment 28 Jun 2022 05:00 PM
Excess share application and payment 28 Jun 2022 05:00 PM
Closing price on 28 Jun 2020 = 0.10

==================
Next date to look for :-

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 05 Jul 2022

Available/Listing Date 13 Jul 2022

https://www.klsescreener.com/v2/announcements/view/3553643

================
TAYOR, set realistic target

1 week ago

whistlebower99

On listing date (13 July 2022), up to 1,496,319,636 rights shares and 498,773,212 warrants will be listed.

Total issued shares will exceed 1.5 BILLION shares again

=================
Based on price movement of other penny stocks with similar corporate exercises, there is a high probability of the current price of 0.10 drifting lower toward rights issue price of 0.06, approaching the listing date for the rights issue shares and warrants.

==================
TAYOR, don't be caught at high price

1 week ago

whistlebower99

FOR NEWBIES

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING | https://www.klsescreener.com/v2/announcements/view/3576383

Total valid acceptances 216,578,100 16.65
Total valid excess applications 1,082,984,631 83.23
Total valid acceptances and excess applications 1,299,562,731 99.88
Total Rights Shares available for subscription 1,301,147,514 100.00
Not subscribed for 1,584,783 0.12

============
As expected, retail shareholders not willing to fork out more money to Directors fund raising rights issue exercise.

Most of the excess application are likely taken up by operators, directors, friendly penny stock companies to ensure success of the fund raising exercise.

Watch the price movement from now and after the listing date. Operators and major excess rights subscribers will attempt to dispose their shares to the market above the rights issue price of 0.06 to move their fund out.
Expect price to move by right hand and left transactions.
Retailers trading in the stock, have to be careful not to be caught at high price.

===========
TAYOR

1 day ago

whistlebower99

FOR NEWBIES

Beware of right hand, left hand pushing the price to attract newcomers.

With less retailer participation, price likely to drop below rights issue price of 0.06 similar to other low price loss making penny stocks like pasukgb, pdz, kanger, fast, sanichi, many more

==============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

==========
TAYOR, don't be caught at high price

1 day ago

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