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marketreader Member	14-Aug-2017 22:54        marketreader About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dividend looks high for a penny stock. Previously $1m now extra $500k so = $1,5m/$62.5m = 2.4% yield and this is based on profits only from their phone business with all the $30m still sitting the bank. Assuming a ROE of 5% for the $30m = extra $6m profit and same payout ratio like now about 30-40% that' s extra dividends of $1.8 to $2,4m say $2m for $3.5m forward dividend over market cap $62.5m = 5.6% yield while retaining some profits for future growth. This looks better than a reit 5-7% yield but 90% payout and minimal retained earnings for future growth? Of course this calculation is based on pre-rights.  Post-rights is raise $300m assuming 5% ROE = extra $15m profit and 30% dividend payout about $5m + exisitng $3.5m = $8.5m  I am more a numbers and earnings guy so no about the speculation. Just numbers and projections. I know i have a ROE 5% assumption, the are the rough numbers looking right?    KesGCF88      ( Date: 14-Aug-2017 18:19) Posted: They already given out 10 cent per 1000 share dividend... now giving another 4 cent per 1000 per share dividend....
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harlow Member	14-Aug-2017 22:38        harlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	current share float is 12 billion shares. assuming all new rights are subscribed, it will be 112 billion shares thereabout, excluding the shares that could be converted from warrants.  fruitty      ( Date: 14-Aug-2017 12:08) Posted: Is current share over 1 billion shares? with rights exercised becomes 9 billion shares? Exluding warrants. after rights exercise, won' t current share price by diluted to 0.1c? Won' t our fund be better deployed than to put into a company not sure what we will get in return but to gamble hoping that after shares dilution our 0.1c will become 0.2c with 9 billion float?
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KesGCF88 Member	14-Aug-2017 18:19        KesGCF88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They already given out 10 cent per 1000 share dividend... now giving another 4 cent per 1000 per share dividend....
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gufeng Senior	14-Aug-2017 18:16        gufeng About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not yet...need approval to go ahead first. Dinodx      ( Date: 14-Aug-2017 15:04) Posted: Anyone know when's the book closure date?
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dollarsense Veteran	14-Aug-2017 16:50        dollarsense About Contact  Quote this Post!
x 0   x 0  Alert Admin	anyone have any idea whats the long term play for this
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Dinodx Member	14-Aug-2017 15:04        Dinodx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone know when's the book closure date?
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fruitty Senior	14-Aug-2017 12:08        fruitty About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is current share over 1 billion shares? with rights exercised becomes 9 billion shares? Exluding warrants. after rights exercise, won' t current share price by diluted to 0.1c? Won' t our fund be better deployed than to put into a company not sure what we will get in return but to gamble hoping that after shares dilution our 0.1c will become 0.2c with 9 billion float?
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unique6 Member	14-Aug-2017 11:31        unique6 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Good time no bad stocks. Bad times no good stock? "
x 0   x 0  Alert Admin	Good point Invest1.. If the new business needs > $64m cash. Plus company $30m cash.. and new rights cash. Likely to be $300-700m ticket item?? Sounds huge.. Currently each time sellers appear, buyers appear too. Just bought $30,000 worth and prepared the rights money too. 0.005 (cheaper than Edward's initial cost..) looks cheap now. Decided to jump in since most stocks look expensive now, this one looks like it haven fly. Do your own homework first. I done mine. Cheers. Invest1      ( Date: 14-Aug-2017 11:17) Posted: Property and phone surely complement one another....Both starts with " P" ...hahaha There is  another scenario is to purposely make people sell down the shares and he can scoop the shares at cheaper price. Like today' s scenario. Personally, I believe that there is some major switch  of Industry or buying  into another business.  If he have $64 million, he can surelly make  a new company.  He might not have enough money to buy the New business...    harlow      ( Date: 13-Aug-2017 22:22) Posted: Edward lee seems to be a property guy. So maybe after everything is done and dusted he may hive off the phone business and mDR become a pure property play. Current business has limited growth too. Phones and property dun really complement each other, do they
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Invest1 Elite	14-Aug-2017 11:17        Invest1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Property and phone surely complement one another....Both starts with " P" ...hahaha There is  another scenario is to purposely make people sell down the shares and he can scoop the shares at cheaper price. Like today' s scenario. Personally, I believe that there is some major switch  of Industry or buying  into another business.  If he have $64 million, he can surelly make  a new company.  He might not have enough money to buy the New business...    harlow      ( Date: 13-Aug-2017 22:22) Posted: Edward lee seems to be a property guy. So maybe after everything is done and dusted he may hive off the phone business and mDR become a pure property play. Current business has limited growth too. Phones and property dun really complement each other, do they? marketreader      ( Date: 13-Aug-2017 12:36) Posted: No one commented one the 2Q results. Profits are up and the underlying business is doing well. The dividend is also a bouns, historically they pay once a year, if new management is going to pay twice a year that nice. Most small caps don' t pay dividends. Even 2-3% a year is repectable for a 33% payout. Reits pay 90-100% yet only 5-7% without keep some profits for future growth. If pay 33% and keep 66% for reinvestment, at least dividends and profits will grow over time.
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unique6 Member	14-Aug-2017 10:46        unique6 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Good time no bad stocks. Bad times no good stock? "
x 0   x 0  Alert Admin	I was overseas and missed AA rights.. Didn't get the jackpot. This one can't miss. Strong signals marketreader      ( Date: 14-Aug-2017 10:02) Posted: Hi Unique6,  Interesting post the 500% sounds exciting. Do you know what is AA about? You said after rights price up 500%, what is the logic? I went to check after reading your comments and saw AA announcement they bought some business after rights, but with shares not the rights money, so no link between rights and the price movement or acquisition? Or you saying the rights made the ex-rights price cheap so every big up is bigger % so easier for big boys to play the stock? I am fundamental investor, so curious AA new acquisition no impact yet but price jump up so much 500% plus their warrants then total investment is up 900%!!! That' s insane.  You can PM me if anything sensitive.  unique6      ( Date: 12-Aug-2017 14:29) Posted: Hmmmmmm this looks similar to AA rights 10c then do rights 10 for 1 at 1c 90% discount but stock now up 500% (5c)  Right shares at 0.1c every bid up is 100% gain. Think big play coming??
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marketreader Member	14-Aug-2017 10:02        marketreader About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Unique6,  Interesting post the 500% sounds exciting. Do you know what is AA about? You said after rights price up 500%, what is the logic? I went to check after reading your comments and saw AA announcement they bought some business after rights, but with shares not the rights money, so no link between rights and the price movement or acquisition? Or you saying the rights made the ex-rights price cheap so every big up is bigger % so easier for big boys to play the stock? I am fundamental investor, so curious AA new acquisition no impact yet but price jump up so much 500% plus their warrants then total investment is up 900%!!! That' s insane.  You can PM me if anything sensitive.  unique6      ( Date: 12-Aug-2017 14:29) Posted: Hmmmmmm this looks similar to AA rights 10c then do rights 10 for 1 at 1c 90% discount but stock now up 500% (5c)  Right shares at 0.1c every bid up is 100% gain. Think big play coming?? Invest1      ( Date: 12-Aug-2017 13:42) Posted: Edward surely buys into a LISTED company for a motive. Could be that he really want to buy into a bigger new business and use MDR as a platform to get more fundings. Else could be doing something funny lo...
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marketreader Member	14-Aug-2017 09:49        marketreader About Contact  Quote this Post!
x 0   x 0  Alert Admin	Disclosure: I have a $30k position in MDR so this rights is an important decision for me. But my comments not asking you to sell or buy this stock. Just sharing what i found out. Spoke to my broker about this rights, actually he said whether we win or lose nothing to do with rights, but how company' s fundamental business in the future, acquisitions, phone etc. It' s about profitability. If we subscribe, we get more shares in company and company has more money to grow. If we don' t subscribe we get less shares in company and other shareholders or Edward will put more money in for company and take our rights that we didn' t take. He called this excess application. But either way we are neither better or worse off. He gave me this example. Pre rights = investor A and investor B each owns 10% of company. Company $100m in assets (effectively they own $100m x 10% = $10m each of the underlying asset) Post rights = investor A never do rights so diluted 10% to 1% and investor B put in $90m to maintain 10% and all other investors put in $900m so company $1bn in assets. (effective interest still the same Investor A $1bn x 1% = $10m and investor B $1bn x 10% = $100m but minus his $90m extra he put in still $10m + $90m = $100m) So for me this all sounds technical but looks like zero sum game except for me is the signaling is important. If Edward himself putting in $60m means he has plans to grow his investment. Don' t think serious investors will throw money around without detailed planning, plus current price 0.5c and the warrants priced below 0.1c looks like got bonus upside. Interested to hear other' s opinions    balasuperman      ( Date: 12-Aug-2017 00:18) Posted: Since Edward Lee coming on board shareholders have to fork out more money. He is not happy with just the 60+ million in cash plus assets of the company. He wants more. Any which way   u lose. IF u decide to take up the rights cum warrants u put more money into his hands and he will control it and if you decide to not buy the rights issue he grabs all of it and dilutes the shareholding of everyone with an even smaller amount. The only way forward is for all shareholders to be proactive and reject the rights cum warrant issue at the proposed agm. Hope retail shareholders will be united and reject his proposals. Cood luck to u people
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kirbably Member	14-Aug-2017 09:46        kirbably About Contact  Quote this Post!
x 0   x 0  Alert Admin	sell down?
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unique6 Member	14-Aug-2017 02:35        unique6 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Good time no bad stocks. Bad times no good stock? "
x 0   x 0  Alert Admin	Property play.. developer? Or REIT will be interesting.. instead of boring few million profit every year.. Very valuable insights by fellow bros and sis. Marketing opening. Let's see. Huat la! harlow      ( Date: 13-Aug-2017 22:22) Posted: Edward lee seems to be a property guy. So maybe after everything is done and dusted he may hive off the phone business and mDR become a pure property play. Current business has limited growth too. Phones and property dun really complement each other, do they? marketreader      ( Date: 13-Aug-2017 12:36) Posted: No one commented one the 2Q results. Profits are up and the underlying business is doing well. The dividend is also a bouns, historically they pay once a year, if new management is going to pay twice a year that nice. Most small caps don' t pay dividends. Even 2-3% a year is repectable for a 33% payout. Reits pay 90-100% yet only 5-7% without keep some profits for future growth. If pay 33% and keep 66% for reinvestment, at least dividends and profits will grow over time.
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Tradervic1234567 Member	14-Aug-2017 00:45        Tradervic1234567 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks gufeng for your long explanation. So my reading is correct the rights we pay 0.1c for each x8 but the 24 warrants we get for free. Then it looks like Edward or the MDR directors in control is fair to minorities to give the rights and warrants offer to all shareholders and not do placement at discount only to their group of friends. I see a number of companies do placements instead at discount to market and minorities have no chance to join in.   Anyone with access to these placements make money immediately. Whatever it is at least something big is happening now backed by rich guy (compared to Jason Pacquet or Serrano where major shareholders bankrupt) rather than no news and just boring $3m profit a year with no action. If the market cap and profits grow, the MDR won' t be a small cap and maybe a mid cap and attract more attention from bigger investors or funds looking for more trading liquidity too.  gufeng      ( Date: 13-Aug-2017 22:00) Posted: Long time never post in this forum. Yes, I am still vested in this share. Just to share infor below to help some bros here clarify the rights issue and warrant. This post is not to persude anyone to buy or sell. please do your own homework and dont start blaming others when things goes wrong.  1) You get 8 rights share for every 1 ordinary share you own. Meaning is you have 1,000,000 ordinary share...you get 8,000,000 rights share. You pay $8k. With every rights 2) For every rights share, you get 3 free warrants. Meaning if you have 8,000,000 rights share, you get free 24,000,000 warrants. 3) But in order to convert the warrants to ordinary shares, it will per below exercise price at 3 tranche.  (i) in respect of the Tranche 1 Warrants, S$0.0005 per Warrant As per case above 8,000,000 warrants, 1 year after the right issue. You pay $4k. (ii) in respect of the Tranche 2 Warrants, S$0.0007 per Warrant As per case above 8,000,000 warrants, 2  year after the right issue. You pay $5.6k and (iii) in respect of the Tranche 3 Warrants, S$0.0009 per Warrant. As per case above8,000,000 warrants, 3  year after the right issue. You pay $7.2k 4) Warrants will be traded in sgx and you can choose to sell it or exercise it.  Below my personal view. 1) This rights issue is a bit different from the one issued in 2011. At that time, mDR was in debt and needed the money to turn over the biz.  2) This right issue doesn' t impact mDR in anyway as the company dont need that money to stay alive. It is to be used for expansion. Yes, it will dilute share but if a huge investor comes in, company will also issue shares. Have to admit the number of new shares is excessive so maybe retailers will suffer more in this case as there is a lot of shares to be issued and paid for.  3) This right issue depends on shareholders decision, if its good for the company it will go ahead. If the company cant convince the shareholder then it will not go ahead.  4) If the rights issue go ahead, Edward Lee undertaking is to exercise all his rights share and warrants. He owns 2,603,371,720 shares. Its about $64 million cash he has to invest in.   Why he need so much money unless he already got some good plans to invest those money. 5) If the right issue does gets major shareholders approval to go ahead and with healthy take up rate, then we should expect more good news in investment and expansion with its hugh war chest.  Good luck everyone! Tradervic1234567      ( Date: 13-Aug-2017 18:21) Posted: Good point the oil and gas companies can also do rights, but i think investors will only be interested in profit making companies rather than the zombie noble type that' s why probably why Swiber declared bankrupt cause SGX reject their rights application. I think if SGX approved this one means they also interviewed MDR management and analyzed their plans. Also most sh-tty companies the major shareholders don' t put lots of their personal money into the company.   Even Nobel Richard Elman sold his shares and rights entitlement if i recall correctly.  Anyway, this rights looks complicated. So how much exactly do we need to standby. I read it' s 8 rights at cheap price so we only put in 0.8c but we get extra 8 shares so total 9 shares? Then the warrants is free right? we get 24 warrants for free? Can' t be correct, did i make a mistake on this? If 24 free warrants then huat huat sure win? Is that why Edward willing to commit $21m to eat up all his and who knows any secret nominee ones. Could someone on this forum with finance expertise help us small investors read the rights proposal again and explain to us in normal person language. Most important, do we get 24 free warrants? And will these warrants be traded like the MDR shares? Looks too good to be true is like this.
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harlow Member	13-Aug-2017 22:22        harlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Edward lee seems to be a property guy. So maybe after everything is done and dusted he may hive off the phone business and mDR become a pure property play. Current business has limited growth too. Phones and property dun really complement each other, do they? marketreader      ( Date: 13-Aug-2017 12:36) Posted: No one commented one the 2Q results. Profits are up and the underlying business is doing well. The dividend is also a bouns, historically they pay once a year, if new management is going to pay twice a year that nice. Most small caps don' t pay dividends. Even 2-3% a year is repectable for a 33% payout. Reits pay 90-100% yet only 5-7% without keep some profits for future growth. If pay 33% and keep 66% for reinvestment, at least dividends and profits will grow over time.
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gufeng Senior	13-Aug-2017 22:00        gufeng About Contact  Quote this Post!
x 1   x 0  Alert Admin	Long time never post in this forum. Yes, I am still vested in this share. Just to share infor below to help some bros here clarify the rights issue and warrant. This post is not to persude anyone to buy or sell. please do your own homework and dont start blaming others when things goes wrong.  1) You get 8 rights share for every 1 ordinary share you own. Meaning is you have 1,000,000 ordinary share...you get 8,000,000 rights share. You pay $8k. With every rights 2) For every rights share, you get 3 free warrants. Meaning if you have 8,000,000 rights share, you get free 24,000,000 warrants. 3) But in order to convert the warrants to ordinary shares, it will per below exercise price at 3 tranche.  (i) in respect of the Tranche 1 Warrants, S$0.0005 per Warrant As per case above 8,000,000 warrants, 1 year after the right issue. You pay $4k. (ii) in respect of the Tranche 2 Warrants, S$0.0007 per Warrant As per case above 8,000,000 warrants, 2  year after the right issue. You pay $5.6k and (iii) in respect of the Tranche 3 Warrants, S$0.0009 per Warrant. As per case above8,000,000 warrants, 3  year after the right issue. You pay $7.2k 4) Warrants will be traded in sgx and you can choose to sell it or exercise it.  Below my personal view. 1) This rights issue is a bit different from the one issued in 2011. At that time, mDR was in debt and needed the money to turn over the biz.  2) This right issue doesn' t impact mDR in anyway as the company dont need that money to stay alive. It is to be used for expansion. Yes, it will dilute share but if a huge investor comes in, company will also issue shares. Have to admit the number of new shares is excessive so maybe retailers will suffer more in this case as there is a lot of shares to be issued and paid for.  3) This right issue depends on shareholders decision, if its good for the company it will go ahead. If the company cant convince the shareholder then it will not go ahead.  4) If the rights issue go ahead, Edward Lee undertaking is to exercise all his rights share and warrants. He owns 2,603,371,720 shares. Its about $64 million cash he has to invest in.   Why he need so much money unless he already got some good plans to invest those money. 5) If the right issue does gets major shareholders approval to go ahead and with healthy take up rate, then we should expect more good news in investment and expansion with its hugh war chest.  Good luck everyone! Tradervic1234567      ( Date: 13-Aug-2017 18:21) Posted: Good point the oil and gas companies can also do rights, but i think investors will only be interested in profit making companies rather than the zombie noble type that' s why probably why Swiber declared bankrupt cause SGX reject their rights application. I think if SGX approved this one means they also interviewed MDR management and analyzed their plans. Also most sh-tty companies the major shareholders don' t put lots of their personal money into the company.   Even Nobel Richard Elman sold his shares and rights entitlement if i recall correctly.  Anyway, this rights looks complicated. So how much exactly do we need to standby. I read it' s 8 rights at cheap price so we only put in 0.8c but we get extra 8 shares so total 9 shares? Then the warrants is free right? we get 24 warrants for free? Can' t be correct, did i make a mistake on this? If 24 free warrants then huat huat sure win? Is that why Edward willing to commit $21m to eat up all his and who knows any secret nominee ones. Could someone on this forum with finance expertise help us small investors read the rights proposal again and explain to us in normal person language. Most important, do we get 24 free warrants? And will these warrants be traded like the MDR shares? Looks too good to be true is like this.  arkan1111      ( Date: 12-Aug-2017 08:50) Posted: Funny, MDR can do that then SWIBER, SWISSCO, EMAS.... also can raise fund in this manner 1 to 10 if not enough then 1 to 100 or 1 to 10000 sure got fund to pay debt.   Moreover, MDR already cash rice still need that much of money at least should let public know about it proposal.   Not a really good habbit, authority should limit the listed company it issued ordinary shares cannot exceed certain volume.   Otherwise, those companies will always allot shares and consolidattion after and issue shares and consoli..again.   Why do business? just simply issue shares as MDR did annualy sure earning money and pay some small divident to shareholders and issues right again
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Tradervic1234567 Member	13-Aug-2017 18:21        Tradervic1234567 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good point the oil and gas companies can also do rights, but i think investors will only be interested in profit making companies rather than the zombie noble type that' s why probably why Swiber declared bankrupt cause SGX reject their rights application. I think if SGX approved this one means they also interviewed MDR management and analyzed their plans. Also most sh-tty companies the major shareholders don' t put lots of their personal money into the company.   Even Nobel Richard Elman sold his shares and rights entitlement if i recall correctly.  Anyway, this rights looks complicated. So how much exactly do we need to standby. I read it' s 8 rights at cheap price so we only put in 0.8c but we get extra 8 shares so total 9 shares? Then the warrants is free right? we get 24 warrants for free? Can' t be correct, did i make a mistake on this? If 24 free warrants then huat huat sure win? Is that why Edward willing to commit $21m to eat up all his and who knows any secret nominee ones. Could someone on this forum with finance expertise help us small investors read the rights proposal again and explain to us in normal person language. Most important, do we get 24 free warrants? And will these warrants be traded like the MDR shares? Looks too good to be true is like this.  arkan1111      ( Date: 12-Aug-2017 08:50) Posted: Funny, MDR can do that then SWIBER, SWISSCO, EMAS.... also can raise fund in this manner 1 to 10 if not enough then 1 to 100 or 1 to 10000 sure got fund to pay debt.   Moreover, MDR already cash rice still need that much of money at least should let public know about it proposal.   Not a really good habbit, authority should limit the listed company it issued ordinary shares cannot exceed certain volume.   Otherwise, those companies will always allot shares and consolidattion after and issue shares and consoli..again.   Why do business? just simply issue shares as MDR did annualy sure earning money and pay some small divident to shareholders and issues right again. Sellsell777      ( Date: 12-Aug-2017 08:18) Posted: Those never attend/vote means agree to the proposal . sure pass one la . but juz dun take up the rights and hope can sell off with some money lor .....
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marketreader Member	13-Aug-2017 12:36        marketreader About Contact  Quote this Post!
x 0   x 0  Alert Admin	No one commented one the 2Q results. Profits are up and the underlying business is doing well. The dividend is also a bouns, historically they pay once a year, if new management is going to pay twice a year that nice. Most small caps don' t pay dividends. Even 2-3% a year is repectable for a 33% payout. Reits pay 90-100% yet only 5-7% without keep some profits for future growth. If pay 33% and keep 66% for reinvestment, at least dividends and profits will grow over time.
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Sellsell777 Supreme	12-Aug-2017 16:04        Sellsell777 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Monday 3c
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