Q4 rpt should be out this week. If u noticed tht some people or group has queue up for the WB warrant which is just listed recently. Strong support of interest at 0.02-0.025. There is intention to push up the mother share which will benefit the warrant holders. Most probably they will use the soon qtr report to push so followers of this should get ready.
Quarter 3 Total equity: 6,345,000 Total liabilities: 7,405,000 Cash and bank balances: 1,719,000 Net tangible asset (NTA): 0.067
Quarter 4 Total equity: 34,080,000 Total liabilities: 6,637,000 Cash and bank balances: 23,537,000 Net tangible asset (NTA): 0.0902
So total shareholders equity is enlarged 537% after rights issues exercise with Mtronic still the largest shareholder.
It's cash & bank balances have increased 1369% about 13.69 multiple times compared to Q3 so it is in "Netcash" position now.
Moreover, it's NTA has increased 34.63% to 0.0902 now.
Since it still has some borrowings reported in Q4 with total RM 2,769,000 the gearing ratio is at lowest 6.8% now compared to 20.44% in Q3. Refer it below:
Quarter 3 *Long-term borrowings: 2,654,000 *Short-term borrowings: 157,000 Total borrowings: 2,811,000 Total equity & liabilities: 13,750,000 Cash and bank balances: 1,719,000 Gearing ratio: 20.44% Debt-to-Equity ratio: 1.17
Quarter 4 *Long-term borrowings: 2,604,000 *Short-term borrowings: 165,000 Total borrowings: 2,769,000 Total equity & liabilities: 40,717,000 Cash and bank balances: 23,537,000 Gearing ratio: 6.8% Debt-to-Equity ratio: 0.19
Yes with cash capital injection thru rights issues its certainly a boost for the company. Now we wait for good announcements because I think they are preparing for next big move.
Now they are well capitalized in net cash position so what they gonna do next? MoU with petrowangsa still no progress yet. Anyone got some info mind to share?
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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....
birkincollector
4,129 posts
Posted by birkincollector > 2016-12-07 21:48 | Report Abuse
have a feeling that this counter might go up together with Mtronic soon