MMAG HOLDINGS BERHAD

KLSE (MYR): MMAG (0034)

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Last Price

0.11

Today's Change

0.00 (0.00%)

Day's Change

0.10 - 0.12

Trading Volume

68,552,100

Entitlement

Upcoming

Happening

Ann. Date Ex Date Type Subject Amount
Discussions
17 people like this. Showing 50 of 11,116 comments

whistlebower99

FOR NEWBIES

More like big shareholders and sharks selling at today's manipulated prices (high of 0.18) to reuse the fund to subscribe for the rights shares at 0.10

=============
After rights issue fund raising, NOSH = 1,695,673,427 !!!
With about 726,717,183 warrants

More lucks needed when rights shares are listed on 23 Jan 2024

With continuation of multi quarter losses and multi year losses, price will eventually dropped below 0.10 !!!

1 month ago

CharlesT

U need brain, balls n luck to outsmart the sharks n make money.....

1 month ago

EquityJourney

VC KV all goreng kaki is back, big bull for 2024...

1 month ago

EquityJourney

revenue hongseng classita also related

1 month ago

CharlesT

It will go back to 0.10 soon....or even below 0.10 b4 23 Jan

1 month ago

whistlebower99

FOR NEWBIES

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,453,434,366 NEW ORDINARY SHARES IN MMAG HOLDINGS BERHAD ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 6 RIGHTS SHARES FOR EVERY 1 SHARE HELD AS AT 5.00 P.M. ON 21 DECEMBER 2023 AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE, TOGETHER WITH UP TO 726,717,183 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

Acceptance and Payment 09 Jan 2024 05:00 PM
Excess share application and payment 09 Jan 2024 05:00 PM

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 15 Jan 2024

Available/Listing Date 23 Jan 2024

===============
Take note of important dates related to rights issue

Price might drop further after Acceptance and Payment date (9 Jan 2024)

1 month ago

Mermaid123

👍

1 month ago

Rose001

this youtuber did talk about this stock https://youtu.be/IMl8pExmui8
her analysis so far seems good. Not sure if i should join in her membership

1 month ago

cK1973

jatuh hangus again....
1c in the making.....
horror movie la.....

1 month ago

scjm

mmag have made 2 unsuccessful attempts to breakout 15 sen...this could be the third time in the making to do so

1 month ago

scjm

pullback, good price to consider buy at 10-10.5

1 month ago

scjm

done 10.5 and 10...am pleased then now sit relax and wait patiently

1 month ago

CharlesT

Dont worry, I think at worst it may drop to 0.08 only

1 month ago

smartinvestor90

0.01 strong support..after right issues..shark will goreng until LU..possibly rm1.00 TP target..enjoy...get this from my insider

1 month ago

cK1973

going back to 1c.....
spender sold also not enough to cover.....

1 month ago

CharlesT

Not bad. Those who bought the rights issues still earn peanut profit of RM0.01 now...RM0.095+ 0.5WC (Rm0.03)= Rm0.11

4 weeks ago

Lee Ying Yee

10 cons 1 after RI+w after up up up $19.5 ??

4 weeks ago

CharlesT

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3414587

Looks like Boon Long n gang sapu 99% of the rights issues by their own.

Boon Long is now back to the BOD. I think he should have some goreng plan for MMAG.

4 weeks ago

whistlebower99

FOR NEWBIES

(I) SHARE CONSOLIDATION

On behalf of the Board, TA Securities wishes to announce that based on the entitlement date for the Share Consolidation as at 5.00 p.m. on 30 October 2023 (“Entitlement Date”), the existing number of 2,422,391,577 MMAG Shares as at the Entitlement Date will be consolidated into 242,239,061 Consolidated Shares (after disregarding the fraction entitlement arising from the Share Consolidation) pursuant to the Share Consolidation.

The 242,239,061 Consolidated Shares will be listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on 31 October 2023, being the next market day following the Entitlement Date.

This announcement is dated 30 October 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3396290

=============
(II) PROPOSED RIGHTS ISSUE

On behalf of the Board, TA Securities wishes to announce that the Rights Issue has been completed with the listing of and quotation for 1,453,434,366 Rights Shares together with 726,717,178 Warrants on the ACE Market of Bursa Securities on 23 January 2024.

This announcement is dated 23 January 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3416745

==============
Take note of completion of shares consolidation and rights issue

Before shares consolidation, NOSH = 2,422,391,577
After shares consolidation and rights issue NOSH= 1,695,673,427
WC = 726,717,178

NOSH still above 1.5 BILLION Shares !!!

Directors will continue to raise fund via shares issuance to PP, ESOS, etc in near future
NOSH will continue to rise and exceed 2 BILLION Shares in near future

4 weeks ago

whistlebower99

FOR NEWBIES

RIGHTS ISSUE acceptance statistics :-

The details of valid acceptances and excess applications received as at the Closing Date are as follows:
....................................................................................No. of Rights Shares..........................Percentage (%)
Total valid acceptances...................................................331,908,060.......................................22.83
Total valid excess applications....................................1,125,211,597.....................................77.42
Total valid acceptances and excess applications..............1,457,119,657..............100.25
Total Rights Shares available for subscription..................1,453,434,366............100.00
Over-subscription.............................................................................3,685,291................................0.25

The successful applicants for the Rights Shares will be given Warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3414587

====================
Take note that most retail shareholders didn't subscribe for the rights issue as shown by the low 22.83% of normal subscription
Excess application is extremely high at 77.42%, most likely by operators, cronies and cindy&kate to support the fund raising exercise

==================
Take note of the free warrants in the hands of operators, cronies an cindy&kate
WC = 726,717,178

WC will likely be release into market for retailers to catch and hold until expiry date with zero value unless the company directors are able to bring in consistent profits from business operations

==============
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

4 weeks ago

Lee Ying Yee

director become billionaire ??? ha ha share only ?

4 weeks ago

CharlesT

Victor gives first round of early Angpao...

TQ Victor

More to come ah?

1 week ago

Remnant17

Something is happening very fast

1 week ago

CharlesT

TQ Victor for second angpao

1 week ago

Remnant17

Rights issue 10sen per share on 23 Jan 2024. Market maker definitely will go all out to pump. Last earnings are profitable TP>>14-17

1 week ago

speakup

look like operator pushing up Warrant to match Rights price

1 week ago

speakup

warrant buy 8sen sell 10sen? that 25% profit

1 week ago

speakup

Victor Chin kasi angpow!

1 week ago

speakup

something fishy! mother should be 14 sen by now. seem like warrant play only. this is not sustainable!

1 week ago

speakup

look like trap to me coz mother is lagging warrant by huge margin. mother should be 14sen base on now warrant price

1 week ago

speakup

if mother no go up to 14sen then warrant will sure drop

1 week ago

speakup

endless supply at 8sen
unless mother up, warrant limited upside

1 week ago

scjm

indicators confirmed the strengthening of the rally as it overwhelmed 11 sen and yet remained not oversold ; anticipating more upside 13.5 to 14.5

6 days ago

anisbin

Go go go MMAG...❤️

6 days ago

Kim

3 PM sailing to North
0.125 clearing

6 days ago

scjm

market bullish target 1575 profit taking 1540 now index 1530

5 days ago

anisbin

Go go go MMAG...❤️
Resistance 13 sen...

5 days ago

CharlesT

Those subscribed the rights at RM0.10 are making Rm0.065 cents or 65% now

Rm0.125 + 0.5WC (Rm0.08)= RM0.165

Dont play play with Victor Chin

4 days ago

fl888

15cts TP ?

2 days ago

fl888

Remember Vortex

2 days ago

CharlesT

Slow n steady...Victor wanna fry to the moon ah?

2 days ago

Kim

Later rocket =)

2 days ago

scjm

index 1540 liao...be contented ala gain just take it first

1 day ago

scjm

by the way i am referring to myself kikiki

1 day ago

Rose001

https://youtu.be/MjGxPd1d6Vo lucky i watched her video and sold my position too this morning

1 day ago

whistlebower99

FOR NEWBIES

TAKE NOTE OF RECENTLY COMPLETED CORPORATE EXERCISE :-

A. CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MMAG HOLDINGS BERHAD ("COMPANY") ("MMAG SHARE(S)") HELD AS AT 5.00 P.M. ON 30 OCTOBER 2023 ("ENTITLEMENT DATE") INTO 1 MMAG SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")
https://www.klsescreener.com/v2/stocks/announcement/0034/2481685

2,422,391,577 MMAG Shares consolidated into 242,239,061 Consolidated Shares on 31 October 2023

================
B. RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,453,434,366 NEW ORDINARY SHARES IN MMAG HOLDINGS BERHAD ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 6 RIGHTS SHARES FOR EVERY 1 SHARE HELD AS AT 5.00 P.M. ON 21 DECEMBER 2023 AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE, TOGETHER WITH UP TO 726,717,183 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
https://www.klsescreener.com/v2/stocks/announcement/0034/2482055

Listing of 1,453,434,366 Rights Shares together with 726,717,178 Warrants on 23 January 2024.

================
Before share consolidation, NOSH = 2,422,391,577
After share consolidation and rights issue, NOSH = 1,695,673,427
Again BILLION of shares issued !!!

https://www.klsescreener.com/v2/stocks/view/0034/mmag-holdings-berhad

================
Current NOSH of 1,695,673,427 will continue to rise if directors continue with the bad habit of raising fund via shares issuance to PP, ESOS, RI, asset acquisition...
Retail shareholders equity % and EPS will continue to be diluted by massive shares issuance
Company directors collected lots of money from subscribers of rights issue

================
If company continue with annual losses, price will likely drop back to the level before share consolidation

==============
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

18 hours ago

MACD

H4 macd start to cross down 😋

17 hours ago

ysyap84

For those who take up the 6,000 units of RI at 0.10 and "complement" with 3,000 units of Warrant. Based on today warrant price at 0.065, the average cost will be RM0.0967 (RM6,000 - RM195/6,000). Not much can make.

15 hours ago

ysyap84

MACD, ya loh, MACD showed a temporary downtrend....correction continue to take place

15 hours ago

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