Circular to Shareholders dated 31 October 2017 in relation to : Part A - Proposed Renewal of Share Buy-Back Authority Part B - Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature and Provision of Financial Assistance - Proposed New Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
1. will Mycron has same cases happen like Melewar, there are actually same management. This is big worry part. 2. Poor management in financial control. High cash position do not want to issue dividends but do right issue, try to scare away the invester? I believe if there is no right issue news, Mycron can stand above RM0.90.
Maybe Mycron will start fly when they have completed right issue.
Yes. that is the problem. I believe the management is selfish. Want to scare away the investor, continue collect tickets before fly. Wait laggard to wake up only. This level is safe zone to collect some.
74-75c has been a strong support level for the past 1 year and now at the same point of convergence. Lets pay attention to breakout signal these few days.
On paper Mycron financial is excellent. Double digit growth on both top & bottomline. Balance sheet & FCF is also healthy. But never gave a single cent dividend since 2010. Some more asking for rights issue. P/E is at its lowest level 5.7x. Something is not right here.
i wonder if the guy below know how to read reports or not, he is talking something else from MARS
shpg22 On paper Mycron financial is excellent. Double digit growth on both top & bottomline. Balance sheet & FCF is also healthy. But never gave a single cent dividend since 2010. Some more asking for rights issue. P/E is at its lowest level 5.7x. Something is not right here. 27/11/2017 18:43
Company paper profit deliver fair result, consider as a good fundamental company, but management "too" stingy, 7 years no dividends and right issue make them more worse.
Look at it like a china company all cash rich(unable to verified always) but no dividend & plan right issue.
Unless they declare "handsome" dividends", call off the right issue, then only can attract investers.
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....
真有钱 ^_^
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Posted by 真有钱 ^_^ > 2017-10-12 16:18 | Report Abuse
Myron not bad ya, pls keep going up minimum 1.00 ya.
hahaha ... .