I don’t think it’s true .. look at the way these Mother FXXX screw everyone by share consolidation of 10 to 1. Imagine u buy at 8 cents before consolidation and after consolidation is 80 cents .. and look at the price now .. it’s 8 cents post consolidation. If u hold these counter - u died already and no chance of recovery.
Netx dah melebihi right issue price by 1.5 to 2 sen now, mlab bila pulak :)
Geng yang serupa!!!!
Mlab Shareholding Changes Date of change Shares Director/ Substantial Shareholder 08 Dec 2020 Other 52,138,500 FIRST UNITED TECHNOLOGY LIMITED 08 Dec 2020 Other 52,138,500 NETX HOLDINGS BERHAD 08 Dec 2020 Other 736,100 MR ONG TEE KEIN 08 Dec 2020 Other 736,100 MR ONG TEE KEIN 08 Dec 2020 Other 600,000 MR TAN SIK EEK 08 Dec 2020 Other 350,000 MR TAN SIK EE
Actually is one guy with two diff account kut. I felt the same... When they are here ntg is going right. At least poseidon80 promote will up, this bargar cap ayam jer.
Mlab is worth to hold to gain big before those con man come in, when investor see the big names netx they will throw their ticket like hell. For example Kstar, it sustains good around 0.32-0.36. Till its big name come out, price immediately slump to 0.2
Looking at the recent price after the rights and free warrants (12*0.09 - 7*0.025)/ 12 = 0.0754 will be the break even .. so anything above 0.08 cents is still a profit ..
@JT1969 Your calculation is base on the original subscriber who holding the old stock price which you did not factor into your calculation. The average price should by much higher than 0.0754 for original subscriber. If you are refer those buying MLAB-OR from trading market then you have factor in their OR's price purchased which is also eventually higher than 0.0754.
So far SIS exercise price of options offered is 0.085 @ 153,498,000 shares valued RM13m cash. Its look good and fair for me if their director subscribe the said SIS as a strong support at level 0.085.
Another round of fund raising exercise? This will Increase the paid up to above RM1 Billion again .. back to square one. The small investors are the losers as their shares holding was diluted by 90% Via Share consolidation, then diluted again via Rights and free warrants and Now diluted again via SIS .. how to hold for long term?
This year alone how many rounds of ESOS, private placements and right issues.. so after this, SIS .. I am curious to know when will be the next round of fund raising.. Funny thing is the company still make losses since Sept 2017.
Ordinary share price will rise in order to encourage employees to exercise their options.
OTHERS MLABS SYSTEMS BERHAD ["MLABS" or "the Company"] - OFFER OF OPTIONS UNDER SHARE ISSUANCE SCHEME ("SIS")
MLABS SYSTEMS BERHAD
Type Announcement Subject OTHERS Description MLABS SYSTEMS BERHAD ["MLABS" or "the Company"] - OFFER OF OPTIONS UNDER SHARE ISSUANCE SCHEME ("SIS") Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, MLABS wishes to announce that it has offered options to eligible employees under its SIS, the details of which are as follows:-
(a) Date of offer : 17 December 2020
(b) Exercise price of options offered : RM0.085
(c) Number of options offered : 153,498,000
(d) Market price of MLABS’s shares on the date of the offer : RM0.0825 each
(e) Number of options offered to Directors of MLABS : Nil
(f) Vesting period of options offered : Not applicable
PETALING JAYA: Malaysia’s economy is expected to grow by 6.7% in 2021, on the back of successful containment of Covid-19 infections and effective rollout and distribution of the vaccine, according to the World Bank.
The latest edition of the World Bank Malaysia economic monitor: Sowing the seeds, said quicker containment of the third wave of Covid-19 infections and vaccine distribution could lead to a faster-than-expected recovery in consumer demand, greater investor confidence and consequently a robust recovery in domestic economic activity in 2021.
“Signs of recovery are showing with Malaysia posting a smaller contraction of 2.7% in the third quarter of 2020, compared with 17.1% in the second quarter of 2020.
“Fiscal measures like cash transfers and wage subsidies have boosted household spending with private consumption contracting 2.1% in the third quarter of 2020 compared with 18.5% in the second quarter of 2020.
Speaking at the launch of the report yesterday, Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said Malaysia must take advantage of its recovery from the crisis to emerge as a durable and inclusive economy in a structurally different post-pandemic future.Speaking at the launch of the report yesterday, Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said Malaysia must take advantage of its recovery from the crisis to emerge as a durable and inclusive economy in a structurally different post-pandemic future.
“However, the recent surge in Covid-19 cases and renewed movement controls could slow recovery down due to uncertainties surrounding the deployment of an effective vaccine and the robustness of a rebound in global growth that will influence the pace of economic recovery. Containing the pandemic and protecting the most vulnerable remain the topmost near-term priorities.”
Speaking at the launch of the report yesterday, Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said Malaysia must take advantage of its recovery from the crisis to emerge as a durable and inclusive economy in a structurally different post-pandemic future.
“The priority going forward is to ensure that lives and jobs are protected and that there will be a gradual easing of the various movement control orders so that there can be better economic health.
“This will also ensure smoother business operations especially for small and medium-sized enterprises, ” he said.
Mustapa said economic conditions in the current quarter are expected to remain challenging.“Initially we thought that the economy would recover in the fourth quarter. But because of the resurgence of Covid-19 infections and reimposition of the conditional movement order, economic growth has been affected. We hope that news of the vaccine will send good signals across the world and also create optimism in Malaysia, ” he said.
Separately, World Bank Group senior economist Shakira Teh Sharifuddin said containing the Covid-19 outbreak and protecting the most vulnerable remain the topmost priorities over the near term.Separately, World Bank Group senior economist Shakira Teh Sharifuddin said containing the Covid-19 outbreak and protecting the most vulnerable remain the topmost priorities over the near term.
Commenting on Budget 2021 being passed, Mustapa said the goal is to work towards economic recovery.“With so many jobs lost earlier in the year, we need to work towards recovery, that people’s lives and jobs are protected. We will also loosen up the fiscal deficit a little bit with the hope that it will spur economic growth.”On the 12th Malaysia Plan (12MP), Mustapa said there would be a need to “go back to the drawing board” since there had been massive changes to the global economy as a result of the pandemic.
“The pandemic has forced everyone to do a lot of rethinking. What was initially planned has to be relooked. Expectations have to be more realistic in light of Covid-19. We believe that the pandemic has been a blessing in disguise, as it has resulted in more engagements by the government.
”Last week, Mustapa said the focus on the 12MP would be on accelerating the development of high-potential industries, such as aerospace, advanced electrical and electronics, halal, the creative industry, biomass and smart farming.
“Agriculture has played an important role in Malaysia’s journey and continues to be an important component. We will put in place various initiatives that will ensure this emphasis continues, ” he said.
Mustapa acknowledged that a large portion of the Malaysian agriculture sector comprised individuals from the B40 group.“Many of the farmers are from this group and it is urgent that we find ways to modernise this sector. We have to find ways to make this sector more efficient by bringing in more technology. It’s a huge task and it won’t be easy, but we need to create more opportunities for the rural folk and we will do it through agriculture,
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JT1969
377 posts
Posted by JT1969 > 2020-12-17 11:00 | Report Abuse
Small time investors suffered a lot due to these FXXX up promoters .. Very thick skinned.. syndicates must be desperate to unload ..