BTM RESOURCES BHD

KLSE (MYR): BTM (7188)

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Last Price

0.055

Today's Change

0.00 (0.00%)

Day's Change

0.055 - 0.055

Trading Volume

10,000


3 people like this.

4,518 comment(s). Last comment by whistlebower99 1 month ago

candygirls

797 posts

Posted by candygirls > 2014-12-04 15:07 | Report Abuse

0.01 soon

tjhldg

27,218 posts

Posted by tjhldg > 2014-12-10 15:54 | Report Abuse

:)

Sahampower

229 posts

Posted by Sahampower > 2014-12-23 16:22 | Report Abuse

very quiet here...

vngirl

157 posts

Posted by vngirl > 2015-01-14 11:48 | Report Abuse

any update for this share?

Tonto

142 posts

Posted by Tonto > 2015-01-14 12:01 | Report Abuse

Opening up 1 cent....now at 0.155....more upside?

Sahampower

229 posts

Posted by Sahampower > 2015-01-14 13:46 | Report Abuse

suddenly goes up...any news?

jelin

49 posts

Posted by jelin > 2015-01-15 19:55 | Report Abuse

just wait if you already collect... IN THE RADAR, WAIITNG FOR VOLUME COMING IN
PLEASE GIVE OPINION TO ENTER.

vngirl

157 posts

Posted by vngirl > 2015-01-16 11:43 | Report Abuse

so it will shootup?

sron97g

354 posts

Posted by sron97g > 2015-01-17 05:56 | Report Abuse

Hope so

tjhldg

27,218 posts

Posted by tjhldg > 2015-01-29 10:30 | Report Abuse

kikikii

sron97g

354 posts

Posted by sron97g > 2015-01-29 10:39 | Report Abuse

wei wei morning morning shines

uyin

107 posts

Posted by uyin > 2015-02-05 09:16 | Report Abuse

momentum start..believe me..

keyin

2,150 posts

Posted by keyin > 2015-02-08 20:38 | Report Abuse

Any tp

Posted by mamakpenang7 > 2015-02-10 06:24 | Report Abuse

20 sen possible?

Posted by Jolin Lai Chi Pet > 2015-02-12 22:26 | Report Abuse

20cents in dream lah.............

uyin

107 posts

Posted by uyin > 2015-02-13 20:55 | Report Abuse

buy2..

sron97g

354 posts

Posted by sron97g > 2015-02-14 04:26 | Report Abuse

14 sen oni consider to buy

tjhldg

27,218 posts

Posted by tjhldg > 2015-04-05 23:18 | Report Abuse

kikikikiiiiiiiiii

Posted by talkrealreal > 2015-04-05 23:41 | Report Abuse

Coming?

sangharimau

1,568 posts

Posted by sangharimau > 2015-04-06 08:01 | Report Abuse

Really?

sangharimau

1,568 posts

Posted by sangharimau > 2015-04-06 17:07 | Report Abuse

Nothing happens also...

saltedfish

3,282 posts

Posted by saltedfish > 2015-04-09 22:45 | Report Abuse

Agreed piotoy38. I heard this stock is coming.....

sangharimau

1,568 posts

Posted by sangharimau > 2015-04-10 20:29 | Report Abuse

Snipers readying....

Posted by talkrealreal > 2015-04-12 08:03 | Report Abuse

Follow Saltedfish!

Posted by Fortuneball > 2015-04-14 10:15 | Report Abuse

Yes, follow Wikileaks because salted fish also follow him!

DrKish

232 posts

Posted by DrKish > 2015-04-14 11:21 | Report Abuse

Yes its coming my entry price is 0.165 and my first TP is 0.19

Posted by Fortuneball > 2015-04-14 11:58 | Report Abuse

At least double the price, given Wikileaks' savviness

Posted by talkrealreal > 2015-04-14 13:06 | Report Abuse

Impressive volume so far

DaitoRyu

1,459 posts

Posted by DaitoRyu > 2015-04-14 14:43 | Report Abuse

Coming soon....

Posted by talkrealreal > 2015-04-14 20:44 | Report Abuse

Yes flying soon!

sangharimau

1,568 posts

Posted by sangharimau > 2015-04-15 10:00 | Report Abuse

Hhohoho, 0.175 now.

sangharimau

1,568 posts

Posted by sangharimau > 2015-04-15 10:32 | Report Abuse

MD of BTM Dato Seri Yong Tu Sang is also a substantial shareholder in Hevea through Heveawood Sdn Bhd.

sangharimau

1,568 posts

Posted by sangharimau > 2015-04-15 10:34 | Report Abuse

My speculation : DS Yong must have known Wikileaks & Gang through the successful goreng of Hevea that he now asked Wikileaks & Gang to do the same for BTM !

sangharimau

1,568 posts

Posted by sangharimau > 2015-04-15 10:39 | Report Abuse

Wikileaks & Gang's credentials :

1) Hevea : 3x the initial price of $1.00 in 12 months
2) Latitud : 3x the initial price of $2.00 in 12 months
3) Homeriz : 2x the initial price of $0.65 in 12 months
4) Pohuat : 2x the initial price of $1.10 in 12 months
5) SGB : 2x the initial price in 1 month !
6) SHH : 60% up on the initial price since March 25, thats less than 1 month!

DaitoRyu

1,459 posts

Posted by DaitoRyu > 2015-04-15 11:27 | Report Abuse

have you got a link to Wikileaks & Gang's tips?

Posted by Stanley Yeo > 2015-04-15 13:16 | Report Abuse

why BTM?
都是亏损叻

sangharimau

1,568 posts

Posted by sangharimau > 2015-04-15 16:14 | Report Abuse

No, but you can follow either 1Mtalkingkangkung, Wikileaks, Saltedfish, wahidpenang or Kannibu comments to get tips.

Cheers!

sangharimau

1,568 posts

Posted by sangharimau > 2015-04-15 16:16 | Report Abuse

Latest example :

Posted by chl1989 > Apr 15, 2015 01:50 PM | Report Abuse
No need to argue. This stock is pure speculation. But so far saltedfish hasnt been wrong. High risk high return. Your choice. Haha

Posted by SampahYong > 2015-04-16 16:49 | Report Abuse

http://www.msn.com/en-sg/news/other/what%E2%80%99s-happening-at-btm-resources/ar-BBfwOcu

What’s happening at BTM Resources?

EYEBROWS were raised when loss-making timber counter BTM Resources Bhd’s share price surge 30% on Nov 06 (Thursday), with more than half its total issued shares being traded. The company was red-flagged by Edge Research on the same day.

About 64.75 million shares, or 53% of the total issued, were traded that day, causing the stock to surge 30% to close at 26 sen. Another 20.1 million shares change hands on Friday with the price easing marginally to close at 25.5 sen.

Why the sudden interest in a company that has been loss-making for the past 13 years and not seen a change in management and controlling shareholders?

BTM was listed in March 1996 and started making losses in 2001. Last year, its net loss narrowed to RM716,000, compared with RM2.1 million in 2012, while revenue rose 68.75% to RM7.83 million from RM4.64 million in 2012.

It should be noted that retail investors were not the only ones that were excited by the company. Existing shareholders of the company appeared bullish too, if the response to its recently completed fundraising exercise is any indication.

In its recently completed rights-cum-free warrants issue, the company saw an oversubscription rate of 20.85%, a major feat considering its financial track record.

The rights issue was on a two-for-one basis at 20 sen per share, sweetened by free new detachable warrants on the basis of four new warrants for every 10 rights shares subscribed. The 10-year warrants carried an exercise price of 20 sen.

At the same time, the company proposed a par value reduction involving the cancellation of 80 sen of the par value of each ordinary share of RM1 each in BTM.

On Oct 29, these new securities, comprising 81.47 million new rights shares and 32.59 million warrants, were listed. Interestingly, BTM’s shares surged soon after.

This has led to concerns about whether the recent rally might be used by certain market players to “ramp” the share price and exit with a profit.

Each shareholder who subscribed for the rights exercise would have parted with 20 sen for one new rights share together with 0.4 free warrant.

At Nov 7 (Friday)’s closing price of 25.5 sen for the stock and 16 sen for the warrant, that investment would be worth a total of 31.9 sen or a 60% return, in just over a month (the stock traded ex for the rights issue on Sept 25).

Interestingly, this is not the first time that this has happened. In 2009, the company made a rights issue involving 9.32 million new shares and 18.63 million warrants, which listed on Dec 29 that year. The stock rose in active trading in early January. But from 45.5 sen on Jan 4, it nosedived 72.93% later in the year, to a low of 12.3 sen on Oct 19.

Although the company had carried out similar fundraising exercises before, little improvement has been seen in the company, judging from its financial performance over the past 14 years.

In the 2009 rights issue, the company raised RM9.32 million with the intention to fund its working capital and repay debts.

What is more intriguing, Securities Commission Malaysia had through its letter dated Feb 27, 2008, rejected the appeal for a rights issue proposed by the company on Oct 20, 2006.

In the 1990s, the group had proposed a rights issue of 29.99 million new shares of RM1 each on the basis of three rights shares for every two existing ordinary shares held in BTM. This was to raise about RM30 million.

However, in January 2001, more than a year after the proposal of the rights issue came about, the group aborted the exercise “due to the unfavourable market conditions”.

For the current fundraising exercise, BTM said in its prospectus dated Sept 29 that it expected to raise gross proceeds of up to RM23.75 million, which will be used for working capital requirements, repayment of borrowings and payment of estimated expenses in relation to the corporate exercise.

It is noteworthy that BTM had suspended its logging and sawmilling activities. It completely ceased its letting of plant and machineries business, according to its Sept 29 abridged prospectus. It is also proposing to dispose of a woodwaste-fired cogeneration system to Khas Promosi Sdn Bhd for RM4.2 million.

Interestingly, although the company has been bleeding for many years, it was paying its directors more, even as revenue fell. BTM has paid its directors and non-executive directors at the company and subsidiary levels a total of RM4.03 million, over the past five years.

Over the same period, BTM registered revenue of RM46.12 million, which means the directors’ salaries were roughly 8% of its revenue. Directors’ remuneration totalled RM847,740 in 2013, up almost 50% from RM570,630 in 2009.

Posted by SampahYong > 2015-04-16 16:49 | Report Abuse

According to its 2013 annual report, the Yong family headed by Managing Director Datuk Seri Yong Tu Sang owned a 28.18% stake in the company, while Tan Sri Datuk Mohd Hussin Abdul Hamid held a stake of 7.04%.

Datuk Seri Yong Tu Sang’s son Yong Hin Siong is executive director of BTM, while daughter Yong Emmy is a non-executive director. Another daughter, Yong Ellen, is a non-executive alternate director to Yong Emmy.

This article first appeared in The Edge Malaysia Weekly, on November 10-16, 2014.

saltedfish

3,282 posts

Posted by saltedfish > 2015-04-16 17:02 | Report Abuse

Aiyoh, buy stock look at history sure die one. Lol

Posted by Fortuneball > 2015-04-17 00:11 | Report Abuse

Agreed, LOL

saltedfish

3,282 posts

Posted by saltedfish > 2015-04-17 16:11 | Report Abuse

I overheard wikileaks talking over the phone with DSYTS today. Something must be cooking inside the delicious pot of bak kut teh ! Lol

Posted by talkrealreal > 2015-04-18 13:34 | Report Abuse

Buy 500k new week

dumingjun

143 posts

Posted by dumingjun > 2015-04-20 11:02 | Report Abuse

wow, I wanna follow wikileak, salted fish, this one can go up how much??

dumingjun

143 posts

Posted by dumingjun > 2015-04-20 11:36 | Report Abuse

salted fish? apa news? wanna privatised?

DaitoRyu

1,459 posts

Posted by DaitoRyu > 2015-04-20 12:53 | Report Abuse

Can go up to .28

dumingjun

143 posts

Posted by dumingjun > 2015-04-20 14:07 | Report Abuse

wow, strt moving neh.....

DaitoRyu

1,459 posts

Posted by DaitoRyu > 2015-04-20 14:37 | Report Abuse

volume increasing and going up ;-)

Posted by Chinchiasong > 2015-04-20 15:34 | Report Abuse

I make 9k ady

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