Few possible scenarios are: 1) Privatization like Hock Seng Lee 2) Holding shares until certain IBs intend to invest 3) Director hold shares to goreng/dispose when the stock reaches his TP
B2 Comparison with immediate preceeding quarter’s results (cont’d)
Despite lower revenue for the current quarter, gross profit for the current quarter increased to
RM8.12 million as compared to RM7.47 million in the preceeding quarter mainly due to higher
gross margin from North Cube Sdn Bhd.
^So, there will be a potentially higher revenue for MAG in the next QR thanks to festives such as CNY that is frequently associated with high prawn consumption.
Today the Edge got article on Mag. Pretty good I see the prospect . The co is in net cash position some more . Come on Mag gogo 50 sen . Food is the era now !
MAG Holdings aims to be top three aquaculture player in Malaysia
Meanwhile, MAG posted a net profit of RM17.52 million in the full FY22, on the back of a revenue of RM135.44 million.
No comparative financial information was available for the preceding year's corresponding period as the company changed its financial year end to June 30 from December 31.
It said the net profit recorded for the 12 months was mainly due to its aquaculture and food processing business contribution.
However, the company slipped into a net loss of RM2.39 million in the fourth quarter (Q4) despite recording revenue of RM60.49 million.
Posted by newbie9893 > 37 minutes ago | Report Abuse
next counter to be goreng up kaw kaw...sapu MAG-WB & WC now ==================================== done. Manage to get WB aaat 0005 tadi .. quite a lot .. hehehe
Types of corporate proposal Private Placement Details of corporate proposal PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MAG ("MAG SHARES" OR "SHARES") REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MAG ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal 24,331,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1750
Latest issued share capital after the above corporate proposal in the following Units 1,587,655,765 Issued Share Capital ($$) Malaysian Ringgit (MYR) 533,644,508.320 Listing Date 16 Feb 2023
Remarks :
The listing of the SECOND AND FINAL TRANCHE of 24,331,000 new MAG Shares pursuant to the Private Placement marks THE COMPLETION of the Private Placement.
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....
newguy0801
1,616 posts
Posted by newguy0801 > 2022-02-24 20:35 | Report Abuse
This will be the normal pattern for MAG right now, since there is no space for goreng as the insiders hold much shares (almost 75%).