asrizal, PMIND profit on its 4thQ has always been in the negative since 2010. I do have some reservations in its latest results (presumably today ) but the signs are quite hopeful though.
:-( blood everywhere. Including me. Hopefully it wont fall until 0.02 or 0.03 on Monday. No wonder no reaction to the price of PMIND.
Pursuant to Paragraph 8.04 and Paragraph 2.1(a) of PN17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Pan Malaysian Industries Berhad ("PMI" or "the Company") wishes to announce that as of the date hereof, PMI is considered a PN17 company. The PN17 criteria was triggered as a result of the Company's latest unaudited accounts for the financial year ended 31 March 2013 that was announced on 31 May 2013 where the Company's shareholders' equity on a consolidated basis is 25% or less of the issued and paid-up capital and such shareholders' equity is less than RM40 million ("the First Announcement").
Please refer to the attachment for further details.
PMIND need to come out with fund rising exercise i guest to increase the shareholders equity or simply invite a new investor into the company ? Haiya no idea la.
Very Good Financial report & result with profit increase to 19.1 M compare to -4.9 M previous year & revenue slight decrease to 4.3 M compare to 4.5 M. But still it fall under PN17 counter. :-( .
[shareholders' equity is less than RM40 million] that why its fall to PN17, yes this will affected the share price movement but actually remember http://klse.i3investor.com/blogs/valueinvestorresearchklse/29799.jsp PMIND has RM60 million payment outstanding. this is still not included in this quarter financial report. only now i will change my strategy i will cancel my Q at 0.04 but will Q @ 0.03 to average down. my TP still 0.15.
sorry derrick, if u hope this counter will fly in this near term, u will disappointed, my average buying was 0.05. but i hope to collect more @0.03. because thats my strategy friend.
LOL, good joke derrick, check this http://www.bursamalaysia.com/market/listed-companies/company-announcements/997033 why Tan Sri Dato' Khoo Kay Peng accumulate his company share until 60% from PMIND total share issued if his company in trouble? until now he not disposed even 1 lot of share. if not because BURSA rule his already privatize this Company. only 30% from 1.2 billion share available in Market now, in other word easy Goreng.
Tim yong did u dont know what PMIND bussiess?? "namely investment holdings and property investment"
building known as Menara PMI at No. 2, Jalan Changkat Ceylon, Kuala Lumpur (Date of acquisition: 30 January 2009)Acquired @ RM38,727 Million Sold May 2013 RM 60 Million. In term of "property investment" that profit or Lost??
ashrizal you know a lot about this company. Good observation. I also stuck at this stock at 0.045. We thought it will shoot but sangkut because of PN17. But no problem, we will hold this one as there is high posibility it will goreng. :-).
Menara PMI Acquired in 2009 as an investment, Menara PMI is a 15-storey office building situated in the commercial hub of Kuala Lumpur with a gross built-up area of about 172,000 sq ft and a net lettable area of 104,000 sq ft.
when i read the statement i know somehow Menara PMI will be sell later if they get the right price. beacause the intention to bought the building is for "investment"
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....
Tiago Gt
408 posts
Posted by Tiago Gt > 2013-05-30 20:11 | Report Abuse
Mean even pm building sell so got other business