Posted by PitBulL > 2017-02-16 09:16 | Report Abuse

haha sell down pula?

Posted by aiboon > 2017-02-16 09:16 | Report Abuse

die hard

Posted by HuatRex > 2017-02-16 09:17 | Report Abuse

Anticipation of bad qr?

Posted by nocindycat > 2017-02-16 09:17 | Report Abuse

buy on weakness la

Posted by Ah Gan > 2017-02-16 09:20 | Report Abuse

let the ppl who wan to sell, sell 1st~

Posted by Alex Lim Jun Xiong > 2017-02-16 09:21 | Report Abuse

Walao, selling pressure is high~

Posted by huat888 > 2017-02-16 09:25 | Report Abuse

Y'day announced Rights Issue. This may be the cause.

Posted by nocindycat > 2017-02-16 09:28 | Report Abuse

whoever sell sure regret later wahhaa

Posted by HuatRex > 2017-02-16 09:30 | Report Abuse

Why people fear of Right issue?

Posted by andrew32 > 2017-02-16 09:36 | Report Abuse

Venfx sifu, what happen to eg-w?

Posted by stockworm > 2017-02-16 09:36 | Report Abuse

those who bought at 98cts already burnt their fingers and unlikely to dig out money from their pockets.

Posted by HuatRex > 2017-02-16 09:40 | Report Abuse

Venfx dissapear?

Posted by Ah Gan > 2017-02-16 09:42 | Report Abuse

tlbeng is so clever!!!
eg warrant will drop accordingly because it's conversion price will never change <--- hahaha

Posted by birkincollector > 2017-02-16 09:46 | Report Abuse

of course will be adjusted accordingly la

Posted by PitBulL > 2017-02-16 09:47 | Report Abuse

Relax la. Just hold and watch.

Posted by jen188 > 2017-02-16 09:53 | Report Abuse

Anyone knows why today no stock market? i cant c any update on i3?

Posted by HuatRex > 2017-02-16 09:57 | Report Abuse

Same like most of the promoter. When the stock crash, he will disappear and reappear when the stock price bullish

Posted by Lukesharewalker > 2017-02-16 10:03 | Report Abuse

Crappy deal. Bonus eligibility only if you apply plus they announced before results.
Shouldn't they announce with results to boost confidence?
Results must be so so

Posted by imnewbie > 2017-02-16 10:06 | Report Abuse

normally for warrant, its exercise price will adjust after bonus issue.

Posted by tlbeng > 2017-02-16 10:07 | Report Abuse

sorry my bad, it will be adjusted accordingly, it's just that you will lose the right to subscribe the right issue if you do not hold the mother share, sorry for the wrong information

Posted by Chinaboleh > 2017-02-16 10:12 | Report Abuse

Why RI non issue here? If Xinquan or other China stocks why people complain?

Posted by StockLearner > 2017-02-16 10:14 | Report Abuse

Exercise price for eg-wc is RM0.50. Now eg-wc is RM0.58. Let say rcps is RM0.95 and with bonus issue, can anyone tell me what will happen to eg-wc after rights issue and bonus issue? I mean mother share will be at how much and eg-wc will be at what premium paying? TQVM for helping me to know this answer.

Posted by Chinaboleh > 2017-02-16 10:14 | Report Abuse

RI not mean fake profit acct?

Posted by Chinaboleh > 2017-02-16 10:17 | Report Abuse

Never pay any dividend despite so call good profit. When no money why ask our money?
https://klse.i3investor.com/servlets/stk/annent/8907.jsp

Posted by StockLearner > 2017-02-16 10:17 | Report Abuse

I am thinking to buy eg-wc now as eg-wc now price drops to RM0.58 but i have no idea the actual premium paying after right issue and bonus issue.

Posted by Chinaboleh > 2017-02-16 10:18 | Report Abuse

Where is ks55 or rockyleft? Why they keep quiet here?

Posted by Lukesharewalker > 2017-02-16 10:30 | Report Abuse

On the bright side, syndicate might have to push to make it attractive but downside is there might be a selldown after the exercise is over

Posted by LA777 > 2017-02-16 10:30 | Report Abuse

Top up more at 0.945 just now.

Posted by Lukesharewalker > 2017-02-16 10:33 | Report Abuse

Another downside is earnings would be terribly diluted with no sight of new contracts

Posted by Lukesharewalker > 2017-02-16 10:34 | Report Abuse

Bad deal. Desperate cash flow strapped company

Posted by HuatRex > 2017-02-16 10:35 | Report Abuse

Who bought yesterday I am pity for them. Warrant price will not be attractive anymore as mother share price will be diluted

Posted by nocindycat > 2017-02-16 10:37 | Report Abuse

EG-WC will receive additional shares after rights issue, conversion remains the same at 50cents, chill and hold on, big project coming, if not why do rights issue?

Posted by Lukesharewalker > 2017-02-16 10:40 | Report Abuse

Because no cash flow now......

Posted by Lukesharewalker > 2017-02-16 10:42 | Report Abuse

Usually warrants will have adjusted price but rights and bonus will dilute the market price significantly

Posted by nocindycat > 2017-02-16 10:42 | Report Abuse

No cash flow why raise to pay borrowings, use your brain brother, read announcement properly, whoever gets it right on eg, will make 50% potentially this year

Posted by Lukesharewalker > 2017-02-16 10:45 | Report Abuse

Exactly to meet borrowing needs...red flag.not expansion

Posted by HuatRex > 2017-02-16 10:45 | Report Abuse

nocindycat must be stuck at high price. I hope u are right. I want to see eg perform too

Posted by Mini Bull > 2017-02-16 10:45 | Report Abuse

running

Posted by VenFx > 2017-02-16 10:47 | Report Abuse

Huat ah ...

Posted by VenFx > 2017-02-16 10:48 | Report Abuse

If hv time, will share more on Mother again.

Posted by Lukesharewalker > 2017-02-16 10:48 | Report Abuse

Investment bank underwriting the deal might have to push

Posted by zhikein > 2017-02-16 10:50 | Report Abuse

Quarter report out soon. Figure will tell the truth.

Posted by Lukesharewalker > 2017-02-16 10:51 | Report Abuse

Maybe their client not paying hence high inventory

Posted by Ramada > 2017-02-16 10:51 | Report Abuse

Management team too young. They don't know how to reward their shareholders. You guys should run as fast as you can and don't look back again.

Posted by nocindycat > 2017-02-16 10:51 | Report Abuse

Exactly to meet borrowing needs...red flag.not expansion

READ CAREFULLY man

RM15m for expansion
RM10m for boxbuild
RM10m
RM23.6m M&a

if no cash flow, will be 100% for working capital, or just borrow to the max

Posted by StockLearner > 2017-02-16 10:53 | Report Abuse

Hi nocindycat. if there are additional shares received by eg-wc holders, then, the impact on eg-wc will be lesser but how come eg-wc price drops so much? Is it more dilution on eg-wc? Anyway, thanks for your explanation.

Posted by tradeview > 2017-02-16 10:56 | Report Abuse

Dear all, as EG Industries Bhd is one my value picks for 2017 when I called at 86 sens in my article, I feel I have the responsibility to give a bit of comment to calm the nerves. For those who have read my article would know that I have already taken into account of this corporate exercise by EG. Similar to all, I am not pleased with them raising cash from shareholders again because they did a private placement back in 2015 at around 82 sens. Now they opting for rights issue + bonus at 95 sens. All these was already part of my consideration and it is no surprise. You all can read the article here. http://klse.i3investor.com/blogs/tradeview/113784.jsp

Posted by tradeview > 2017-02-16 10:57 | Report Abuse

However, I would like to say 3 things good that came out of this rights issue announcement.

1. The rights issue is set to be fixed at 95 sens which is way above the private placement in 2015. This is good because the company own internal valuation is much higher than my own expectation.
2. They also tie it in with a bonus issue, which is good because it enlarge the shares which allows more liquidity for market activity.
3. The rights issue + bonus is primarily used for business expansion and acquisition. Not to pay off debts. So to me that is a plus.

Posted by Mini Bull > 2017-02-16 11:00 | Report Abuse

no good, we need to pay more money

Posted by Mini Bull > 2017-02-16 11:01 | Report Abuse

now is money matter, all want to grab money from retailer... likewise government...........
this called boiling frog