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2012-12-16 15:31 | Report Abuse
I believe it is still a good buy as it is moving to a stimulus plan to strengthen its financial position. Bad news is considered over. We are awaiting for its good news. Buy when it dips down. Expect to get a capital gain of 40-50% in short term
2012-12-16 15:25 | Report Abuse
This news was published in The Star on 5.12.12. The private placement is part of its regularisation plan. Thus after its private placement has been completed, only then it will submit uplifting to Bursa. Then the earliest of its uplifting will most probably be out on 2-3 weeks later.
2012-12-16 15:20 | Report Abuse
PETALING JAYA: Luster Industries Bhd has completed its proposed revised regularisation plan and will make an application to Bursa Malaysia to uplift its PN17 status.
The manufacturer of high-precision and precision plastic parts and components yesterday told the exchange that the application would be made upon recording a net profit for two consecutive quarters immediately after the completion and implementation of the regularisation plan.
The plan included Luster Industries settling RM64.4mil in debt via the issuance of RM17.9mil in loan stocks, 25.4 million new ordinary shares of 10 sen each, and 263.8 million new shares with 131.9 million free detachable warrants.
2012-12-14 09:58 | Report Abuse
Janganlah merajuk - KAKI JUDI. We share, we care and we learn. Don't take it personal as all sharing here is for our info and own judgement.
2012-12-14 08:07 | Report Abuse
Sorry to note kakijudi's stupidness and ignorance as analyst just shared what was announced in Bursa but you took it personal and scolded people idiot. Too bad you are such uncivilized person. Any comment we just learn and be more objective, ok?
Stock: [THHEAVY]: TH HEAVY ENGINEERING BERHAD
2012-12-16 15:36 | Report Abuse
Awaiting for THH to solicit news projects in 2013. Pulau Indah's working site is gradually on operations. Believe its good news would be award granted by Petronas in 2013