MMAG HOLDINGS BERHAD

KLSE (MYR): MMAG (0034)

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Last Price

0.105

Today's Change

0.00 (0.00%)

Day's Change

0.105 - 0.105

Trading Volume

2,229,900


17 people like this.

11,124 comment(s). Last comment by scjm 21 hours ago

Rose001

24 posts

Posted by Rose001 > 1 month ago | Report Abuse

this youtuber did talk about this stock https://youtu.be/IMl8pExmui8
her analysis so far seems good. Not sure if i should join in her membership

cK1973

1,508 posts

Posted by cK1973 > 1 month ago | Report Abuse

jatuh hangus again....
1c in the making.....
horror movie la.....

scjm

2,454 posts

Posted by scjm > 1 month ago | Report Abuse

mmag have made 2 unsuccessful attempts to breakout 15 sen...this could be the third time in the making to do so

scjm

2,454 posts

Posted by scjm > 1 month ago | Report Abuse

pullback, good price to consider buy at 10-10.5

scjm

2,454 posts

Posted by scjm > 1 month ago | Report Abuse

done 10.5 and 10...am pleased then now sit relax and wait patiently

CharlesT

14,521 posts

Posted by CharlesT > 1 month ago | Report Abuse

Dont worry, I think at worst it may drop to 0.08 only

Posted by smartinvestor90 > 1 month ago | Report Abuse

0.01 strong support..after right issues..shark will goreng until LU..possibly rm1.00 TP target..enjoy...get this from my insider

cK1973

1,508 posts

Posted by cK1973 > 1 month ago | Report Abuse

going back to 1c.....
spender sold also not enough to cover.....

CharlesT

14,521 posts

Posted by CharlesT > 1 month ago | Report Abuse

Not bad. Those who bought the rights issues still earn peanut profit of RM0.01 now...RM0.095+ 0.5WC (Rm0.03)= Rm0.11

Posted by Lee Ying Yee > 1 month ago | Report Abuse

10 cons 1 after RI+w after up up up $19.5 ??

CharlesT

14,521 posts

Posted by CharlesT > 1 month ago | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3414587

Looks like Boon Long n gang sapu 99% of the rights issues by their own.

Boon Long is now back to the BOD. I think he should have some goreng plan for MMAG.

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

(I) SHARE CONSOLIDATION

On behalf of the Board, TA Securities wishes to announce that based on the entitlement date for the Share Consolidation as at 5.00 p.m. on 30 October 2023 (“Entitlement Date”), the existing number of 2,422,391,577 MMAG Shares as at the Entitlement Date will be consolidated into 242,239,061 Consolidated Shares (after disregarding the fraction entitlement arising from the Share Consolidation) pursuant to the Share Consolidation.

The 242,239,061 Consolidated Shares will be listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on 31 October 2023, being the next market day following the Entitlement Date.

This announcement is dated 30 October 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3396290

=============
(II) PROPOSED RIGHTS ISSUE

On behalf of the Board, TA Securities wishes to announce that the Rights Issue has been completed with the listing of and quotation for 1,453,434,366 Rights Shares together with 726,717,178 Warrants on the ACE Market of Bursa Securities on 23 January 2024.

This announcement is dated 23 January 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3416745

==============
Take note of completion of shares consolidation and rights issue

Before shares consolidation, NOSH = 2,422,391,577
After shares consolidation and rights issue NOSH= 1,695,673,427
WC = 726,717,178

NOSH still above 1.5 BILLION Shares !!!

Directors will continue to raise fund via shares issuance to PP, ESOS, etc in near future
NOSH will continue to rise and exceed 2 BILLION Shares in near future

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

RIGHTS ISSUE acceptance statistics :-

The details of valid acceptances and excess applications received as at the Closing Date are as follows:
....................................................................................No. of Rights Shares..........................Percentage (%)
Total valid acceptances...................................................331,908,060.......................................22.83
Total valid excess applications....................................1,125,211,597.....................................77.42
Total valid acceptances and excess applications..............1,457,119,657..............100.25
Total Rights Shares available for subscription..................1,453,434,366............100.00
Over-subscription.............................................................................3,685,291................................0.25

The successful applicants for the Rights Shares will be given Warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3414587

====================
Take note that most retail shareholders didn't subscribe for the rights issue as shown by the low 22.83% of normal subscription
Excess application is extremely high at 77.42%, most likely by operators, cronies and cindy&kate to support the fund raising exercise

==================
Take note of the free warrants in the hands of operators, cronies an cindy&kate
WC = 726,717,178

WC will likely be release into market for retailers to catch and hold until expiry date with zero value unless the company directors are able to bring in consistent profits from business operations

==============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition

Posted by Lee Ying Yee > 1 month ago | Report Abuse

director become billionaire ??? ha ha share only ?

CharlesT

14,521 posts

Posted by CharlesT > 3 weeks ago | Report Abuse

Victor gives first round of early Angpao...

TQ Victor

More to come ah?

Remnant17

53 posts

Posted by Remnant17 > 2 weeks ago | Report Abuse

Something is happening very fast

CharlesT

14,521 posts

Posted by CharlesT > 2 weeks ago | Report Abuse

TQ Victor for second angpao

Remnant17

53 posts

Posted by Remnant17 > 2 weeks ago | Report Abuse

Rights issue 10sen per share on 23 Jan 2024. Market maker definitely will go all out to pump. Last earnings are profitable TP>>14-17

speakup

24,499 posts

Posted by speakup > 2 weeks ago | Report Abuse

look like operator pushing up Warrant to match Rights price

speakup

24,499 posts

Posted by speakup > 2 weeks ago | Report Abuse

warrant buy 8sen sell 10sen? that 25% profit

speakup

24,499 posts

Posted by speakup > 2 weeks ago | Report Abuse

Victor Chin kasi angpow!

speakup

24,499 posts

Posted by speakup > 2 weeks ago | Report Abuse

something fishy! mother should be 14 sen by now. seem like warrant play only. this is not sustainable!

speakup

24,499 posts

Posted by speakup > 2 weeks ago | Report Abuse

look like trap to me coz mother is lagging warrant by huge margin. mother should be 14sen base on now warrant price

speakup

24,499 posts

Posted by speakup > 2 weeks ago | Report Abuse

if mother no go up to 14sen then warrant will sure drop

speakup

24,499 posts

Posted by speakup > 2 weeks ago | Report Abuse

endless supply at 8sen
unless mother up, warrant limited upside

scjm

2,454 posts

Posted by scjm > 2 weeks ago | Report Abuse

indicators confirmed the strengthening of the rally as it overwhelmed 11 sen and yet remained not oversold ; anticipating more upside 13.5 to 14.5

anisbin

648 posts

Posted by anisbin > 2 weeks ago | Report Abuse

Go go go MMAG...❤️

Kim

3,844 posts

Posted by Kim > 2 weeks ago | Report Abuse

3 PM sailing to North
0.125 clearing

scjm

2,454 posts

Posted by scjm > 2 weeks ago | Report Abuse

market bullish target 1575 profit taking 1540 now index 1530

anisbin

648 posts

Posted by anisbin > 2 weeks ago | Report Abuse

Go go go MMAG...❤️
Resistance 13 sen...

CharlesT

14,521 posts

Posted by CharlesT > 1 week ago | Report Abuse

Those subscribed the rights at RM0.10 are making Rm0.065 cents or 65% now

Rm0.125 + 0.5WC (Rm0.08)= RM0.165

Dont play play with Victor Chin

fl888

7,433 posts

Posted by fl888 > 1 week ago | Report Abuse

15cts TP ?

fl888

7,433 posts

Posted by fl888 > 1 week ago | Report Abuse

Remember Vortex

CharlesT

14,521 posts

Posted by CharlesT > 1 week ago | Report Abuse

Slow n steady...Victor wanna fry to the moon ah?

Kim

3,844 posts

Posted by Kim > 1 week ago | Report Abuse

Later rocket =)

scjm

2,454 posts

Posted by scjm > 1 week ago | Report Abuse

index 1540 liao...be contented ala gain just take it first

scjm

2,454 posts

Posted by scjm > 1 week ago | Report Abuse

by the way i am referring to myself kikiki

Rose001

24 posts

Posted by Rose001 > 1 week ago | Report Abuse

https://youtu.be/MjGxPd1d6Vo lucky i watched her video and sold my position too this morning

Posted by whistlebower99 > 1 week ago | Report Abuse

FOR NEWBIES

TAKE NOTE OF RECENTLY COMPLETED CORPORATE EXERCISE :-

A. CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MMAG HOLDINGS BERHAD ("COMPANY") ("MMAG SHARE(S)") HELD AS AT 5.00 P.M. ON 30 OCTOBER 2023 ("ENTITLEMENT DATE") INTO 1 MMAG SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")
https://www.klsescreener.com/v2/stocks/announcement/0034/2481685

2,422,391,577 MMAG Shares consolidated into 242,239,061 Consolidated Shares on 31 October 2023

================
B. RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,453,434,366 NEW ORDINARY SHARES IN MMAG HOLDINGS BERHAD ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 6 RIGHTS SHARES FOR EVERY 1 SHARE HELD AS AT 5.00 P.M. ON 21 DECEMBER 2023 AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE, TOGETHER WITH UP TO 726,717,183 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
https://www.klsescreener.com/v2/stocks/announcement/0034/2482055

Listing of 1,453,434,366 Rights Shares together with 726,717,178 Warrants on 23 January 2024.

================
Before share consolidation, NOSH = 2,422,391,577
After share consolidation and rights issue, NOSH = 1,695,673,427
Again BILLION of shares issued !!!

https://www.klsescreener.com/v2/stocks/view/0034/mmag-holdings-berhad

================
Current NOSH of 1,695,673,427 will continue to rise if directors continue with the bad habit of raising fund via shares issuance to PP, ESOS, RI, asset acquisition...
Retail shareholders equity % and EPS will continue to be diluted by massive shares issuance
Company directors collected lots of money from subscribers of rights issue

================
If company continue with annual losses, price will likely drop back to the level before share consolidation

==============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition

MACD

100 posts

Posted by MACD > 1 week ago | Report Abuse

H4 macd start to cross down 😋

ysyap84

76 posts

Posted by ysyap84 > 1 week ago | Report Abuse

For those who take up the 6,000 units of RI at 0.10 and "complement" with 3,000 units of Warrant. Based on today warrant price at 0.065, the average cost will be RM0.0967 (RM6,000 - RM195/6,000). Not much can make.

ysyap84

76 posts

Posted by ysyap84 > 1 week ago | Report Abuse

MACD, ya loh, MACD showed a temporary downtrend....correction continue to take place

scjm

2,454 posts

Posted by scjm > 1 week ago | Report Abuse

now shift attention to ingenieu

scjm

2,454 posts

Posted by scjm > 1 week ago | Report Abuse

market bearish mood to gradually dissipate and finish green at the end of the day

Posted by Alan Tan > 1 week ago | Report Abuse

ysyap84

For those who take up the 6,000 units of RI at 0.10 and "complement" with 3,000 units of Warrant. Based on today warrant price at 0.065, the average cost will be RM0.0967 (RM6,000 - RM195/6,000).
-----------
Hello, should be
(RM6,000 - RM1950/6,000)
Mother be 0.0675
Correct?

Posted by Alan Tan > 1 week ago | Report Abuse

THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED

CharlesT

14,521 posts

Posted by CharlesT > 6 days ago | Report Abuse

Rm0.105 + 0.5WC (xRm0.065)=RM0.1375

Rm0.0375 or 37.5% profit

Too complicated ah?

Posted by Alan Tan > 6 days ago | Report Abuse

Mean operator currently already 37% profit within a month. High risk

Posted by LHT4216148 > 3 days ago | Report Abuse

any good stock to buy for this short period of time ? this stock can buy in ? Why in january most of the stock is dropping ? Sorry cause i just come back to stock market hahaha ...

scjm

2,454 posts

Posted by scjm > 21 hours ago | Report Abuse

watch ingenieu

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