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the mgmt/insiders will have visibility of their earnings trend in coming qtrs. I believed a mixture of scr ( to reduce the share capital so that shareholder fund > 25% of share capital) and fund raising (to increase equity and cover for upcoming losses; keep the shareholders fund > 40mil) will be needed to pull the leg out from PN17
Of course when latest QR showing current liabilities of RM18 billion (trade/other payables at ~ RM10 billion) plus the protracted Middle East conflicts !
1HFY26 losses is at 682mil. Assuming same rate for 2HFY26, the current shareholders' funds of 483mil as of end of June will be wiped off and becomes negative. fund raising of the same scale of losses will be needed. amount of fund raising will be doubled if same scale of losses is anticipated in 1HFY27.
Share price was RM2.27 early this year (28 January 2026). Almost 70% wiped off based on current market closing price of 71.5 Sen today :-| That is why it is very important to track and monitor all ratios (liquidity, leverage, efficiency, profitability and market value) closely.
