METRONIC GLOBAL BHD

KLSE (MYR): MTRONIC (0043)

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Last Price

0.085

Today's Change

-0.01 (10.53%)

Day's Change

0.085 - 0.095

Trading Volume

1,350,200

Corporate Figure or Shareholder
Discussions
11 people like this. Showing 50 of 10,277 comments

whistlebower99

For punters and gamblers
Some will make
More will be trapped
Good luck

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








On behalf of the Board, Mercury Securities wishes to announce that the Company has resolved to fix the issue price of the Rights Shares at RM0.06 per Rights Share (“Issue Price”) and the exercise price of the Warrants B at RM0.06 per Warrant B (“Exercise Price”).



Rights Issue | https://www.klsescreener.com/v2/announcements/view/3553641

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.

4 weeks ago

winston1

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

4 weeks ago

mansaham1972

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

4 weeks 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

3 weeks ago

su1801

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

3 weeks ago

su1801

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

3 weeks ago

su1801

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

.

3 weeks ago

Icon 888

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

2 weeks ago

Citadel12

Post removed.Why?

2 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....

2 weeks 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

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

================
Next date to look forward to :-
Date for commencement of trading of rights 13 Jun 2022
Date for cessation of trading of rights 21 Jun 2022

================
Purchases from 9 June onward will not be entitled to subscribe for rights shares @ 0.06

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

2 weeks ago

whistlebower99

FOR NEWBIES

Be very careful with the price surge.
Purchases from today onward will not be entitled to rights subscription
Multi year loss making company
Operators might dispose off to use the money for rights subscription at 6sen

TAYOR, don't be caught at high price

2 weeks ago

whistlebower99

FOR NEWBIES

Based on other loss making penny stocks with more or less similar corporate exercises, price will drop back to around rights issue price or even lower.

====================
Pasukgb offered rights at 10sen in June 2021, now trading at 2sen
Pdz offered rights at 14sen in Sep 2021, now trading at 4sen
Lambo offered rights at 10sen in Aug 2021, now trading at 6sen
Fast offered rights at 12sen in Nov 2021, now trading at 4sen
And many more like Kanger, Mtouche, Sanichi, Trive, Netx, etc

===============
Before the coming listing of rights shares on 13 July 2022, there are only 216,857,919 shares in the market at the moment.
Operators might be able to push the prices to attract newcomers into the game but it will be difficult to maintain the price for long

Be informed that on 13 July 2022, additional 1,301,147514 rights shares will be listed, resulting in total issued shares = 1518005433

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

TAYOR, don't be caught at high price

2 weeks ago

Beginner27

Is it worthy to subscribe Right Issue@ 6 sen?

2 weeks 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

https://www.klsescreener.com/v2/announcements/view/3563023

=================
Prospectus and subscription form

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

=================
Be prepared that the current price of 0.10 might not be able to sustain for long

Be prepared for the price to drop below rights price, just like many penny stocks with similar corporate exercises.

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

2 weeks ago

whistlebower99

Operators all out to catch dare devils punters and gamblers.
Don't believe paying 0.06 for rights will have returns of 100% or more

2 weeks ago

whistlebower99

FOR NEWBIES

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

Trading of MTRONIC-OR from 13 June - 20 June

Current price 0.005 seller quote
Could mean rights issue could be under-subscribed by shareholders

MTRONIC price could see weakness when approaching listing date for rights shares

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

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

2 weeks ago

ajime17

why don't subscribe but got OR suddenly

1 week ago

whistlebower99

Sign of price weakening.
Holder can just sell off and wait for price to retreat to around rights price to reconsider entry

1 week ago

winston1

OR can either be subcribed or sold in market

1 week 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

https://www.klsescreener.com/v2/announcements/view/3564189

===========
Prospectus and rights subscription form is out.
Get your money ready if your are subscribing for the rights shares

====================
Continue to monitor the share price for possible weakening until the closing date and then the listing date

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

1 week ago

whistlebower99

Likely, current price range can't hold for long
On listing date, price could drop below rights price as up to 1,496,319,636 new shares and up to 498,773,212 warrants will flood the market

1 week ago

PennyStock123

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

1 week ago

su1801

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

1 week ago

su1801

You really can understand the Bursa movement and the cheat company

1 week ago

whistlebower99

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

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

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

======================
On 5 July, from the announcement we will know the total rights shares and warrants to be listed on 13 July

1 week ago

whistlebower99

Possible that directors might announce more MOUs, HOAs or press releases to excite and attract more newcomers to trade here

1 week ago

PennyStock123

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

1 week ago

PennyStock123

i just checked with Maybank Trade....

1 week 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

1 week 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

1 week ago

PennyStock123

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

1 week ago

PennyStock123

last chance...

1 week ago

whistlebower99

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

6 days 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

6 days ago

ajime17

mtronic mahu ke mana

4 days ago

whistlebower99

FOR NEWBIES

Be reminded of the date:-

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

==============
After the closing date, price more likely to drift downward than trending upward, based on observation of price movement of other penny stocks that had undergone similar exercise of shares consolidation and rights issue with free warrant.

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

3 days ago

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