INDUSTRONICS BHD
KLSE (MYR): ITRONIC (9393)
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Last Price
0.055
Today's Change
0.00 (0.00%)
Day's Change
0.05 - 0.055
Trading Volume
1,539,500
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
2 people like this. Showing 50 of 3,308 comments
Is after CNY, meaning liquidity will b spent during CNY instead of subscribe to d RI, causing possibly undersubscribed
2 months ago
since mother price sustain at 7.5 to 8 cents and RI is 8 cents, it makes no sense to subscribe RI.
2 months ago
If you subscribe RI today, you will get free warrant. Ratio 4 R 3 warrant. Exercise price at 10 cent for maturity 5 year. I think warrant will open price on first day listing around 3-5 cent.
2 months ago
I think operator will push up the price to above 10 cent before 26th Jan 2023
2 months ago
Everyday up half cent before warrant listing...big angpow by Intronic before CNY guys.
2 months ago
Risk Trader
The balance of 70% will be subscribe by major shareholder....
NOPE. They didnt subscribe so.
On behalf of Industronics, TA Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 11 January 2023 (“Closing Date”), the Company has received valid acceptances and excess applications for a total of 270,058,985 Rights Shares, representing a subscription rate of 30.86% over the total number of Rights Shares available for subscription under the Rights Issue.
The minimum subscription level for the Rights Issue had been achieved notwithstanding the under-subscription for the Rights Issue.
The total number of excess Rights Shares available for allocation is 742,090,073. In view that the total number of excess Rights Shares applied for was 137,088,510, the Board has decided to allot the excess Rights Shares to all the entitled shareholders and/or their renouncee(s)/transferee(s) who have applied for the excess Rights Shares
2 months ago
As expected, the subscription rate will be extremely low because of current price is lower than offer price for RI.
2 months ago
Now company cash rich so they must utilizes the RI money to inject for new business...
2 months ago
now the directors hold most of the shares, it is about time they push it up again
1 month ago
now the directors hold most of the shares, it is about time they push it up again
1 month ago
dun waster your time on this
swap to muhibah better. CEO Mac is currently goreng muhibah now. Easy fast money
1 month ago
If ppl pressed it down, there are supports to push up dis ctr price too till break 8 cents phycological lvl. It is called CNY fevers
1 month ago
This Itronic gave a nice surprise to the anybody who's willing
to defy the odds and subscribed to the Right Issue
OR = 0.005 since the first day
Massively undersubscribed at 69.14%
Let say you bought 200,000 OR @ 0.005 = RM 1,000
To subscribe to the Right Issue = 200,000 x 0.08 = RM 16,000
Total cost = RM 17,000
2 :1 Rights Issue & 3 Warrant : 4 Right Share subscribed @ 0.08
So for every 200,000 Right Issue subscribed you are entitled to 300,000 warrants
Based on Friday's closing price :
Itronic = 0.06
Itronic-WA = 0.03
You sold all 200,000 Rights @ 0.06 = RM 12,000
You sold all 300,000 Warrants @ 0.03 = RM 9,000
Total = RM 21,000
Profit = 21,000 - 17,000 = RM 4,000
1 month ago
#surewin111 I would not recommend doing so, now with the listed rights and warrants, there are more shares in the market. People would just sold off and be done with it. Same like BTM Right Issue. Since the the listing on 16/01/23, the price for both Right & Warrant do not see much movement.
1 month ago
haha, try to do it & proof to us; illustrate very much easier that the actual transactns. Isnt it?
1 month ago
I got nothing to prove to you because I didn't buy Itronic
I'm tracking all entitlement : Bonus Issue, Right Issue and Dividend.
Been doing that for so many years. The best RI that gave me huge
profit were PMBTech and Scanwolf
Putting forward my opinion on Itronic here is just as a reference and case study,
because the RI although was massively undersubscribed it still can make nice returns.
Recent RI that I subscribed and made money are Huayang and Rex. I only choose companies
with good track records that issue rights and warrants that do not run into billions
like BTM, BSL etc
Currently focusing on Annum. Bought @ 0.29 before ex-date and already sold off my shares @ 0.31
on Friday. Will now subscribe online to the right issue before acceptance date.
1 month ago
Hi Hakubasnow, thx for d sharings.
From ur comments, how wud u think abt Annum? Consider a "comp w good track rkds"; as very rare this comp announcing news & mkting info?
Sincerely hope to listen to ur views on this note.
"I Currently focusing on Annum. Bought @ 0.29 before ex-date and already sold off my shares @ 0.31
on Friday. Will now subscribe online to the right issue before acceptance date.
1 month ago
datuk chu didn't subscribe for excess just show how little confidence he has in his own company
1 month ago
hakubasnow..you calculation is wrong. To get free warrant must buy RI with ratio 2 RI will get free 1.5 Warrant. To get free RI must buy mother share with ratio 1 mother will get 2 right or can buy RI at open mkt at 0.005 cent.
1 month ago
Bought in to leverage hope the momentum can Fly soon.. Need another 3 up to make money..
1 month ago
Puiiii Yi... Haha
No wonder she ends at Pulau..
Anyway wait la 2more weeks then the rocket up the sky
4 weeks ago
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