Today will continue fly....🚀🚀🚀

Possible today will breakout !!!

Tomorrow will start move up guys...don't miss the flight to fly high..

Handal Energy plans capital reduction, private placement and bonus warrants
By Anis Hazim / theedgemalaysia.com
15 Sep 2023, 11:02 pm

KUALA LUMPUR (Sept 15): Offshore crane services provider Handal Energy Bhd is planning to undertake a RM90 million capital reduction to eliminate its accumulated losses, followed by a private placement involving up to 40% of its issued shares to raise RM9.7 million to repay its borrowings and trade payables, and an issuance of bonus warrants.

The group’s accumulated losses as at June 30, 2023 stood at RM102.6 million at the company level, and RM68.1 million at the group level, which it plans to reduce to a loss of RM13.1 million (company level), and a retained profit of RM21.4 million (group level), following the capital reduction.

Its proposed placement, which could involve the issuance of up to 266.43 million shares to third-party investors to be identified, would be priced at a discount of at most 20% to the company's five-day volume weighted average market price of its shares immediately before the price fixing date.

It expects to fix the issue price of the placement shares, which could be issued by tranches, separately. Based on its illustrative issue price of 9.13 sen per placement share, Handal could raise as much as RM9.7 million from the exercise, of which RM9 million would be used to repay its trade payables and bank borrowings (RM4.5 million each).

The warrant issuance, meanwhile, will be undertaken after the private placement on the basis of one warrant for every two existing shares held on an entitlement date to be announced later. It expects to be issuing up to 186.7 million warrants. If fully exercised, the warrants could raise another RM22.41 million for the company, which is to be used as working capital.

The proposals, subject to approvals from Bursa Securities and Handal shareholders, are expected to be completed by the first quarter of 2024.

Shares in Handal settled half sen or 4.35% lower at 11 sen on Friday, with a market capitalisation of RM29.34 million. The counter has fallen 26.67% year-to-date.

New warrant to be out by 1st qtr 2024....grab the mother share now before ex date.

Tomorrow mother will fly to above 10 cent

Already told you all guys will fly this month....

Wow !!! strong momentum...next week sure breakout 52W high

Don't miss the boat guys...anytime will fly to above 10 cent

Fly already...next TP 10 sen

After warrant out, operator will press down the price to below RM1.20

Just small unit...less than 1 % from their shareholder fund

Breakout !!! next TP 30 cent

1st resistance breakout...strong momentum to next resistance

Luckly yesterday manage to get buy 0.095 cent

Moving up already...good news to be announce soon

After EGM will start move up....get ready to enter guys

Lowest will go around 9 cent only....get ready to enter at floor price

Bounce back...is time to enter kaw kaw....exit 22/23

Very good revenue, will fly kaw kaw soon...

IPO price 17 cent only...still expensive. Possible will reach to ipo price soon

Why suddenly up today ?? Any good news ?

More to go...price will moving up before EGM next mth. Reach to 20 cent is nothing possible.

To push up price before warrant to be issue...TP 20 cent and above

Qtrly rpt to be out by this mth, good result will fly to above 10 cent...

Will back to ipo price very soon...

Last qtrly report is very good, so possible will continue good performance for next qtr rpt. Break 6 cent will fly to 8 cent

Everday up 10%, good start and warm up....

Today or tomorrow will breakout and fly to 30 cent

The only one property company still the cheap price...

Is time to accumulate at 0.035 / 0.04 cent, anytime will fly to above 10 cent

Operator collecting at 205 today...they will push up the price when hit target

Looks to fly high tomorrow...

Is time to accumulate...good qtrly report to be out very soon...

The warrant issuance, meanwhile, will be undertaken after the private placement on the basis of one warrant for every two existing shares held on an entitlement date to be announced later. It expects to be issuing up to 186.7 million warrants. If fully exercised, the warrants could raise another RM22.41 million for the company, which is to be used as working capital.

Operator will push up the price before the price fixed date....

Handal Energy Bhd is planning to undertake a RM90 million capital reduction to eliminate its accumulated losses, followed by a private placement involving up to 40% of its issued shares to raise RM9.7 million to repay its borrowings and trade payables, and an issuance of bonus warrants. It involves the issuance of up to 266.43 million shares to third-party investors priced at a discount of at most 20% to the company's five-day volume weighted average market price of its shares before the price fixing date.

Bankers start goreng this counter and trap more retailers...break 10 cent will fly to 15 cent.

Expected good for next qtrly report, better collect more warrant for good investment return. Top Glove founder inside will become major shareholder soon and push up the price to RM1.00

Collect more warrant C, potential will get 200% return in short term.

Based on yesterday momentum, today will continue fly and break to 15 cent...let see the bankers game

Very good qtrly rpt but price can't move...why ??

Today just warm up...next resistance 10 cent

Super low already, is time to accumulate for new wave soon

Pending breakout 1.16

Bounce back today...

Qtrly rpt to be out by this week...shld be good result or not ?

Qtrly rpt to be out by this week...shld be good result

Very strong support at 0.115 cent...maybe the price is already buttom.

Will break 50 sen by this week...warrant still high demand