On 15/6/23 AGM, once share buy back resolution passed, mudajaya will be allowed to buy back its shares from the market and it will be allowed to buy back up to 4.71% shares from the market (to maintain public float of 25%). Pls imagine 88m (4.7%) shares being bought back from the market, what will be mudajaya’s share price?
Yes SBB is up to 10% but Mudajaya can only buys not more than 4.71% (around 88m) due to the single largest shareholder already holds 70.29% and bursa rules stated clearly that public spread/float must be min 25%….
The warrant is 3.5 months away from its demise. Already we are seeing zero at 3 market depth. It is unwittingly reckless to queue and buy at 1 sen to average down. You are touching a life wire and it has consequences. Fatal consequences. Trade cautiously 15/6/23
For those risk takers, the warrant is still a good bet @ 0.01 and imagine if the mother’s price slowly climb up to 0.30 by July August, you’ll make big $$$!
1) Mudajaya short term loan > rm260m and total liability > rm700m 2) cash in hand reserves for working capital 3) Real Jade balance to be paid @ rm100m (via vendor financing) 4) last quarter finance cost > rm10m
I expect Mudajaya to offer free warrant soon: - needs free funds from conversion of new warrant to repay short term liability - to reduce finance cost - to reward shareholders - to increase public spread / float
Always remember, stock market will never perform according to your wish and you really need patience when you invest or trade. If you do not have patience or when you’re about to give up, the operator will start goreng….
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....
Noni
734 posts
Posted by Noni > 2022-12-23 09:30 | Report Abuse
Project also they cancel. Average no use, I exit