To make it simple: *HUBLINE* share consolidation 20:1
Shareholders holders who intend to sell their HUBLINE shares from the Ex-date until the Book Closing Date (i.e. from *13 February 2017 to 15 February 2017*) should take note that they should only sell the reduced amount of shares/warrants owned in their CDS accounts.
interesting stock. This statement is absolutely great! 只见管理层把公司像是搾干衣服那样、 扭了又扭、 希望可以挤出一点水来、 如今不出了、 索性把20件衣服集中在一块、 用压缩机重新挤。 Sell, loss. No sell lagi loss. If loss almost = lagi loss = no different, then can try to hold and see lo. No comment because see the way the management did also feel geli. Holders now only hope to see goreng, then only can potentially get back money, don't talk about winning yet, unless someone who grab at 0.005 and this stock get goreng. Good luck
After Consolidation numbers of shares for 12.5 billions to 632 millions shares. ( Less than I billion shares) From there , the price want to fly is easier. All company hope for contract. I am just saying what if .... Hubline secured even small contract like 20 millions contract for .......... after all Sarawak company ... major projects concentrated in Sarawak ... Heard Chinese company like to invest in Sarawak also.
How Hubline come in ..... and gain in this scenario .... well yet to see....
One thing sure .... below 1 billion is consider small and medium size company ... I heard government allocate some budget in last budget to invest in small and medium size company ... I cannot remember allocated 300 millions or 30 millions....
Could Hubline know this in advance before the budget ..... after consolidation ... is contract coming....
All waited so long already ... next week ... KONG HEE FATT CHAI
I am just saying only ... not insider news ok ? Because like you I am still standing outside the door like all of us here
May 2016 last year I not only bought Hubline at the price of 1 cent but did bought Hubline-WB at the price of 0.005 cent. Plan A is on Hubline share whereas Plan B is on Hubline-WB share.
The way I look at current situation people that bought Hubline-WB can actually make profit if the price closed at least at 0.005 cent. If closed at the price of 1 cent really really much better and could be more than double on the opening date15th Feb 2017. That is why the buyer trading volume is high on Hubline-B share. The main reason is because after share consolidation, the share price is at least 10 cent and if less than 10 cent then Hubline could be Delisted from Bursa. That's Main Exchange (Bursa) Rule.
For Hubline share, it most probably closed at 0.005 cent or 1 cent. If closed 0.01 cent then the risk is still there.
Compare between Hubline and Hubline-WB, people that bought Hubline-WB is actually can make profit because if today closed price at 0.005 cent will ensure the share price after share consolidation is at least 10 cent and could it hit 13 cents or more.
Anyway, I would only possible make profit through Hubline-WB not Hubline share...
why you think its WB LOWEST can only be 10 cents at the opening of 15th?? why cant it lower than 10cents? which of the bursa rules saying LOWEST CAN ONLY 10 CENTS after conso of 20 into 1? it doesnt 0.05x20 must be 0.10, sometime it could be lower ,doesnt it?
Make it short, here is what it said " If your stock is listed on an exchange, a reverse split could herald a potential delisting. If the stock remains below the exchange’s minimum price, the company’s stock is delisted and relegated to the over-the-counter market or the pink sheets. The reverse split may boost the stock’s price for a while, but if sales have stalled or the company posts consecutive losses, the stock price will continue falling. Left unchecked, the stock will eventually be delisted off the exchange."
Alhamdullilah Hubline at last closed at 1 cent and Hubline-WB at half cent. On 15 Feb 2017 Wednesday, Hubline would be open with 20 cents and Hubline-WB with 10 cents.
The risk is on Hubline share and I would only possible make profit from Hubline-WB if price goes up more than 10 cents. Good luck for those bought Hubline-WB today.
Anyway, I admit this Hubline is a lousy counter with lousy Directors. Next QR is on 6 March 2017. Today trading shows obviously that the Directors are not interested to push share to go higher and purposely let the share price closed at 1 cent.
It is really really obvious the Directors are interested only on eating people's money as mentioned by Mala. So, Atarah, Rusy and other guys the way I look on the long run this Hubline Management would twist and twist again in the coming QR. To be safe, do not trusted anymore on this counter. The share price could goes up for a while and they would play dirty game again and again.
Hopefully on the 15th Feb 2017 Hubline share goes higher than 20 cents and Hubline-WB more than 10 cents. That's the way I'm making profit from it and good luck for those on the same boat with me. If happening on 15th Feb 2017, I would sell all the shares and bye bye to Hubline. Another 5 days from now.
May or may not actually done at 20 sen n 10 sen respectively when market start actual trading on 13 February as they are only the pre-opening reference price. Anyway, it is quite an encouraging starting reference price for the time-being !
Next Monday, the mother share will have 20.0 as reference price and WA & WB with 10.0 sen reference price, BUT what interesting is the amount of share issued by then, mother share only 630 mil & WB 157mil, which are substantially lower compare to current outstanding issued shares, this will make share price easier to move up or down, however in this case, it shall be uptrend biased simply because of lower price base. Imagine, I have 2.0M mother share now, it only end up as 100K, I am not in hurry to sell definitely. I don't want to make the mistake like my holding on STEPRO again! On STEPRO. I sold at 13.5 sen, now 20.0 sen! And sold my STEPRO-WB @ 3.5 sen, now 9.5 sen with highest 12.5 sen!!! My guess, HUBLINE will be around 30.0 sen with WB 15.0 sen. Anything below 20.0 sen will be a fantastic buying opportunity.
actually , is next monday start from 0.20 or still 0.01 I quite confuse ? if still from 0.01 then why they said nest monday is expired date alreday so if people buy in next monday how ?
@Feizal Mazlan Make it short, here is what it said " If your stock is listed on an exchange, a reverse split could herald a potential delisting. If the stock remains below the exchange’s minimum price, the company’s stock is delisted and relegated to the over-the-counter market or the pink sheets. The reverse split may boost the stock’s price for a while, but if sales have stalled or the company posts consecutive losses, the stock price will continue falling. Left unchecked, the stock will eventually be delisted off the exchange."
Are you sure this rule apply to Bursa? Please be sure and double check your facts first. Stop misleading people due to your lack of understanding.
in US market, there is a minimum price for a counter, Eg. US$1 min price for NASDAQ, if your company price is less than US$1, they will give you time to comply by making the price stay above US$1. If it continues, than the company could be delisted. BUT does this rule apply to Bursa???
All our comments are 'useless', on Monday, even it "should" be valued as RM0.20 (as closed RM0.01 on Friday), but the demand & supply define this. If at that day, still got people 'insists' thinking to sell RM0.19 ...0.18 ... so on, the value still come down. The most important is Management, if their business got good news, no matter share consolidation or split, it is still can up. Congratz to those bought RM0.005 , Monday onward, can easily sell more than RM0.10 can get profit.
goldentriangle, if hubline shares closed at 13 sen tomorrow mean it down by -7 sen not up +3 sen as the starting reference price tomorrow is 20 sen !!!
warrant B convertion price 1cent, price now only 8cents. if I buy 8cents + 1 cent convert to mother share, my cost only 9 cents. if price maintain @ 15cent, than my profit 6cents right? warrant B now should value @ 15cents instead of 8 cents! Worth buying now!
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....
nissan
48 posts
Posted by nissan > 2017-02-08 12:45 | Report Abuse
if 0.10.. how