Wednesday, May 02, 2012

Quick comments on MaeMode's Latest Earnings

Malaysian AE Models reported its earnings the other day.

Quarterly rpt on consolidated results for the financial period ended 29/2/2012

This is one stock that I had blogged many times on it before. My last posting was Malaysian AE Models 2Q net profit jumps 70%???

All the issues mentioned in that posting and in all the older postings ( search via label:

  •   (i) a renounceable two-call rights issue of up to 53,503,434 new ordinary shares of RM1.00 each in MAE (“Rights Share(s)”) together with up to 53,503,434 free detachable warrants (“Warrant(s)”) at an issue price of RM1.00 per Rights Share, on the basis of one (1) Rights Share with one (1) free Warrant for every two (2) existing ordinary shares of RM1.00 each held in MAE (“MAE Share(s)” or “Share(s)”) at an entitlement date to be determined later, of which the first call of RM0.50 will be payable in cash on application and the second call of RM0.50 is to be capitalised from the Company’s reserves (“Proposed Rights Issue”); and
see full details: MAEMODE - PROPOSALS.pdf


Zuhrah said...

I wasnt aware of this, until recently salary kept being delayed. forcing the employee to dig up information on the company situation (top management unwilling to disclose information), hence a google on Maemode review and here I am. In shocked, I am.