MTOUCHE TECHNOLOGY BHD

KLSE (MYR): MTOUCHE (0092)

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Last Price

0.035

Today's Change

0.00 (0.00%)

Day's Change

0.035 - 0.04

Trading Volume

556,100


6 people like this.

9,097 comment(s). Last comment by EVO118 1 month ago

Posted by investnolimit > 2021-04-20 14:06 | Report Abuse

Knnbccb..constock..

Posted by investnolimit > 2021-04-20 14:08 | Report Abuse

freddiehero n the other fella..bulldog anjing niamaa..

EVO118

2,154 posts

Posted by EVO118 > 2021-04-20 14:25 | Report Abuse

Kaching : It is 5,000 instead of 50,000 but the price has also changed from 0.02 to 0.20 before it start dropping. Your investment hasn't disappear.

Posted by Cidukciduk > 2021-04-20 14:26 | Report Abuse

Operator so pathetic, conso instead go up before free fall, straight away free fall. Nobody cares about this stock also. Didn’t even become top 30 active volume

Ting Ting

163 posts

Posted by Ting Ting > 2021-04-20 14:43 | Report Abuse

Not even toilet paper.. Toilet paper still got good demand..

Citadel9999

2,878 posts

Posted by Citadel9999 > 2021-04-20 15:10 | Report Abuse

hahaha now everyone baru wake up . hallo !!??

Citadel9999

2,878 posts

Posted by Citadel9999 > 2021-04-20 15:11 | Report Abuse

APA pun tak Tao come buy shares hahaha

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-20 15:16 | Report Abuse

yes.. no way run since before consol..

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-20 15:17 | Report Abuse

my money also stuck inside ma..

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-20 15:18 | Report Abuse

haha I already this is my new challenge after daya pn17

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-20 15:18 | Report Abuse

wish me good luck la. .

Citadel9999

2,878 posts

Posted by Citadel9999 > 2021-04-20 15:18 | Report Abuse

I think possible push below 0.15

EVO118

2,154 posts

Posted by EVO118 > 2021-04-20 15:19 | Report Abuse

If 12million + is the consolidated turnover at the moment, it means the unconsolidated turnover is 120million +. This is a very high turnover for this stock.

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-20 15:21 | Report Abuse

just pick the lucky number if u like too..

EVO118

2,154 posts

Posted by EVO118 > 2021-04-20 15:29 | Report Abuse

You got to hold the mother shares if you want the rights and warrants. Sure you can sell now but you have to pick it up again before the cut off date.

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-20 15:31 | Report Abuse

can choose no right, no wrong.. I just wait for free w.. where got so much money.. let's big boys deal with it..

EVO118

2,154 posts

Posted by EVO118 > 2021-04-20 15:35 | Report Abuse

No free warrants unless you cough up more money for the rights first. Will be cheap maybe 0.05.

sarip83

1 posts

Posted by sarip83 > 2021-04-20 15:38 | Report Abuse

hi stock masters, im a newbie here. im trying to sell this stock since morning but im unable to sell this stock in MPLUS. when set foR que sell or set Stop loss showing fail. realy frustrasted. help me

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-20 15:38 | Report Abuse

u every touch in RI?

EVO118

2,154 posts

Posted by EVO118 > 2021-04-20 15:57 | Report Abuse

Round 2 coming up. Sell at 0.20+, buy back latter at 0.15. take your 25% profit first.

amerul94

48 posts

Posted by amerul94 > 2021-04-20 16:54 | Report Abuse

rm1 coming soon

amerul94

48 posts

Posted by amerul94 > 2021-04-20 16:54 | Report Abuse

shoot up now

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-20 17:00 | Report Abuse

1,2,3,4 spaceX gogogo

iopa46

56 posts

Posted by iopa46 > 2021-04-20 19:10 | Report Abuse

dont believe any calculation here. trap syndicate. run.

dchin472

326 posts

Posted by dchin472 > 2021-04-20 21:41 | Report Abuse

this morning wake up scare me 900% profit

dchin472

326 posts

Posted by dchin472 > 2021-04-20 21:42 | Report Abuse

at the end is they 10to1 consolidate

EVO118

2,154 posts

Posted by EVO118 > 2021-04-20 23:16 | Report Abuse

So it has been decided that for every share you can take up 6 rights @ 0.10. Ex date 4/5/2021.

PeterPan

1,581 posts

Posted by PeterPan > 2021-04-21 00:06 | Report Abuse

Share consolidated and then RI again.. Easy money

ming

2,087 posts

Posted by ming > 2021-04-21 01:30 | Report Abuse

Ultimate skill.. share consolidate combo rights issue

Then repeat and repeat..

CUTLOST

5,178 posts

Posted by CUTLOST > 2021-04-21 01:47 | Report Abuse

Going back to hit <10cts later

mozai2020

39 posts

Posted by mozai2020 > 2021-04-21 07:29 | Report Abuse

0.050 coming... bcareful this stock.. haha

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-21 07:55 | Report Abuse

hahaha.. amazing

detouch

71 posts

Posted by detouch > 2021-04-21 11:03 |

Post removed.Why?

Rex833

18 posts

Posted by Rex833 > 2021-04-21 11:17 | Report Abuse

Hopeless counter. Glad to have sold all although with loss

Batu4

18 posts

Posted by Batu4 > 2021-04-21 11:36 | Report Abuse

The right issue is at rm0.10 , lagi kena masuk wang?

CUTLOST

5,178 posts

Posted by CUTLOST > 2021-04-21 12:55 | Report Abuse

Avoid it.. It will goes back to 2 cts

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-21 13:02 | Report Abuse

I'm waiting too..

amerul94

48 posts

Posted by amerul94 > 2021-04-21 21:55 | Report Abuse

very soon coming fly going up, dont cry

leeashraf

143 posts

Posted by leeashraf > 2021-04-21 22:39 | Report Abuse

Amerul94 Wet dreams laaaaa

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-22 00:34 | Report Abuse

The renounceable rights issue of up to 794.37 million new shares will be on the basis of six rights shares with three free warrant-D for every existing consolidated share held.

mTouche has set a minimum of RM10 million to be raised from the proposed rights Issue.

To meet the minimum subscription level, the company has procured written undertakings from its executive directors Tang Boon Koon and Chen Huei Ping.

Under the minimum scenario, Tang's and Chen's shareholdings in the company will rise to 21.94% from 0.04% respectively, assuming none of the other entitled shareholders subscribe for their right shares.

mTouche, which is principally involved in the provision of mobile value-added services for smartphones, said it had reported losses for the past two financial years ended June 30, 2019 (FY19) and FY20 mainly due to increasing competition in the mobile value-added services industries arising from new developments in mobile technologies.

Thus, the group plans to diversify into the healthcare business which includes the distribution and sale of Covid-19 test kits and the wellness business to improve its financial performance.

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-22 00:35 | Report Abuse

Meanwhile, the gross proceeds to be raised from the proposed rights issue with warrants will be utilised for the expansion of the distribution and sale of test kits business, funding of the wellness business and working capital.

EVO118

2,154 posts

Posted by EVO118 > 2021-04-22 06:03 | Report Abuse

If you have 10,000 shares now and you decide to take up the rights, it will mean you will be holding 60,000 rights taken up plus your 10,000 shares. your total no of shares is now 70,000. Your investment quantity of shares in this company has now increase 6 times, irrespective of what the final value of the price or your monetary investment. Big ask for a company making losses and not going anywhere except the rights are at a 44% discount based on today's price of 0.18. Is the 44% discount big enough for you make a quick profit, bearing in mind you are heavily invested in this company after the rights.

EVO118

2,154 posts

Posted by EVO118 > 2021-04-22 06:21 | Report Abuse

Based on 0.18 your average cost in now (1,800 + 6,000) / 70,000 = 0.111. Do make your own analysis. You haven't got much time.

Stockhunter88

2,031 posts

Posted by Stockhunter88 > 2021-04-22 09:25 | Report Abuse

Wow, mtouch up so much 17 cents liao... Hahahaha

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-22 09:28 | Report Abuse

ya hahaha..

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-22 09:30 | Report Abuse

KUALA LUMPUR (Feb 5): mTouche Technology Bhd is raising fresh capital of up to RM79.44 million via a cash call to finance its diversification into the distribution and sale of Covid-19 test kits.
Meanwhile, the gross proceeds to be raised from the proposed rights issue with warrants will be utilised for the expansion of the distribution and sale of test kits business, funding of the wellness business and working capital.

Posted by whistlebower99 > 2021-04-22 09:51 |

Post removed.Why?

Henryz79

140 posts

Posted by Henryz79 > 2021-04-22 18:47 | Report Abuse

Nope, if you own 10000 share value right now, you are entitled to buy 6000 share at 0.1 cent; thus your total share after RI is 16000 share at RI Ex date price.... Dont forget the will adjustment as well...; Ahbo you going to fill in the gap... There no female frog jumping around...;

freddiehero

16,722 posts

Posted by freddiehero > 2021-04-22 19:11 | Report Abuse

and our free 3 warrants will be call warrant D

EVO118

2,154 posts

Posted by EVO118 > 2021-04-23 10:06 | Report Abuse

Back on 5 Feb in an announcement ( refer 9.2 risk ) the company admit their business is mobile value added services. They admit that the group does not have any prior experiences in healthcare business. I am bringing this point up because, I personally cannot logically justify making a reasonble investment decision to add more money into this company, whether it is going to be $6,000, $60,000 or $600,000. My reason is it will be a lot more profitable putting that sort of money with anyone of the glove counters, if that is just loose change in your pocket like Tengku Adnan. Just as an example even Mah Sing would be better proposition. Mah Sing is new in glove but at least they already got future orders. Mtouche has got nothing just hopeful fishing. Prove me wrong !

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