Golden chance to lose abalone tomorrow!!

Pure rotational i.e. looks like no big announcement this time. On March already made big announcement on The Edge i.e. Luster ventures into medical equipment.

They need fund raising for private placement. Last year was loan to stock conversion from the banks, also considered like private placement.

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING LUSTER INDUSTRIES BHD (“LIB” OR THE “COMPANY”) PRIVATE PLACEMENT OF UP TO 270,000,000 ORDINARY SHARES OF RM0.10 EACH IN LIB (“LIB SHARES” OR “SHARES”) (“PLACEMENT SHARES”) REPRESENTING APPROXIMATELY 24.8% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF LIB TOGETHER WITH UP TO 216,000,000 FREE DETACHABLE WARRANTS (“PLACEMENT WARRANTS”) ON THE BASIS OF FOUR (4) PLACEMENT WARRANTS FOR EVERY FIVE (5) PLACEMENT SHARES (“PRIVATE PLACEMENT WITH WARRANTS”)

Today already time to sell.

Theory is theory, practical is practical. 0.16 is a heavy resistance. I advise you all to sell at 0.15-0.155. Come back again another round.

Stock price 0.10 @ PE 1.38x, convert to TP 0.362 @ PE 5x.

Carlsberg is doing very well. Both Mflour and Carlsberg use the same raw material. Anything wrong with MFlour operation?