Highlights
Social Forum >> Forum Thread
Last Price Today's Change   Day's Range   Trading Volume
0.85   0.00 (0.00%)  0.84 - 0.85  36,400
1,521 comment(s). Last comment by ChongLeeWoon at Jun 4, 2021 3:21 PM
Like
 5 people like this.
 
 Post Reply   Back  
Page < 22 23 24 25 26 27 28 29 30 31

Solidrock
52 posts

Posted by Solidrock > Apr 30, 2021 9:46 AM | Report Abuse

I think it is golden opportunity to buy


cbkia4896
522 posts

Posted by cbkia4896 > Apr 30, 2021 10:01 AM | Report Abuse

Ini apa macam..... Need to be at least 92 sen Kan?


skyz
1609 posts

Posted by skyz > Apr 30, 2021 10:22 AM | Report Abuse

cbkia, should be slightly more than 92 sens if you exclude the treasury shares.


Solidrock
52 posts

Posted by Solidrock > Apr 30, 2021 10:40 AM | Report Abuse

We Nylex minority shareholder will receive RM 0.40 cash plus abount RM0. 52 worth of Ancom share after the exercise and we are still keeping our Nylex share, so hold tight


cbkia4896
522 posts

Posted by cbkia4896 > Apr 30, 2021 11:35 AM | Report Abuse

gg i got spooked out already, bye guys its been a fun 6 months in this counter, thanks to everyone for convincing me to hold while i just started on this one, peace out


skyz
1609 posts

Posted by skyz > Apr 30, 2021 11:58 AM | Report Abuse

the sudden plunge this morning from the top is most likely orchestrated... but since its just "transferring" of assets and liabilities instead of exercising like delisting/takeover, I doubt there would be much impact on the share price. Thoughts anyone?


Arnold76
51 posts

Posted by Arnold76 > May 1, 2021 12:15 PM | Report Abuse

Marvelous results....


ahbah
2918 posts

Posted by ahbah > May 1, 2021 9:48 PM | Report Abuse

At Nylex's EGM, reject Ancom's offer ?


Arnold76
51 posts

Posted by Arnold76 > May 1, 2021 10:49 PM | Report Abuse

Better reject, offer not good enough.


ahbah
2918 posts

Posted by ahbah > May 2, 2021 7:30 PM | Report Abuse

Sokong, kick out the offer !


yip_net
284 posts

Posted by yip_net > May 3, 2021 12:19 AM | Report Abuse

Yes, reject the offer.
Nta nylex is 1.67.


Solidrock
52 posts

Posted by Solidrock > May 3, 2021 10:51 AM | Report Abuse

Me 100% support the proposal, per share will get capital repayment of RM0. 392 cash plus Ancom share of RM0. 52(@discounted price of RM1. 50)and I am still having my Nylex share


skyz
1609 posts

Posted by skyz > May 3, 2021 4:36 PM | Report Abuse

we are just minority shareholders. dont think we have much weightage in the accepting/rejecting the proposal


Solidrock
52 posts

Posted by Solidrock > May 3, 2021 5:10 PM | Report Abuse

Price pressed down, I think is because the majority shareholder want us to happily accept the proposal in view of the current price is much lower than what they offerred.


JustinLong
150 posts

Posted by JustinLong > May 3, 2021 9:36 PM | Report Abuse

My reading of the current price trend of Nylex is that those who bought on rumours sold on news, maybe due to the Minority Interests (MI) not getting the full RM1 in cash.

This is very absurd and it seems to be a great value buy right now.

Nylex MI will get the RM1 in the form of:
1) 39sen/share cash distribution
2) 9sen/share cash remaining in the listed co
3) 52sen/share of Ancom share
**Ancom issued at RM1.50 so approximately 3 Nylex shares get 1 Ancom share

Cash alone (distributed + retained) is already 48sens.
The closing price today of 86 sens means you are only paying 38sen for one third of Ancom
= (38sen x 3) = RM1.14 per Ancom share. You do the math here.

Of course there may be a discount at this moment as the deal is still not voted by Nylex MI yet but the price should eventually converge to RM1 in the coming months.

No reason for MI not voting for it as without the deal Nylex would most likely be "stuck" without this value unlocking exercise.

Will continue to accumulate this stock as well as Ancom for the coming few months to vote for the deal.


jwinter3
14 posts

Posted by jwinter3 > May 12, 2021 9:21 AM | Report Abuse

JustinLong... Great clarity indeed. Time for accumulation.


JustinLong
150 posts

Posted by JustinLong > May 19, 2021 10:34 PM | Report Abuse

Market giving Nylex shares a discount to the RM1 value now due to the board yet to announce acceptance of the offer. Once it is announced sometime estimated in June, then discount should narrow and share price should gradually rise to RM1 nearing the EGM.

Ancom just dipped below RM1.50 now which is a no-brainer buy as their Q4 should be better than Q3 + the ongoing inflation theme on commodities. MCO3.0 really caused panic selling across the board.

Perfect time to add position.


jwinter3
14 posts

Posted by jwinter3 > May 21, 2021 1:53 AM | Report Abuse

Ancom


ChongLeeWoon
105 posts

Posted by ChongLeeWoon > May 25, 2021 9:22 AM | Report Abuse

Wonderful disposal by the Ancom Group
-Disposal of tank farm asset in Vietnam for USD6.25m
tAfter 5-consecutive years of losses, this Viet subsi is disposing its assets for a GAIN of USD5m (RM20m+). This marks a new strategy of being asset-light and more agile in terms of cost control for a distribution company.

Assuming full-year FY21 results of PAT RM23m,
this gain of RM10m (consol 50% of RM20m) means:
!!! HALF the current year's profit
!!! IN THE POCKET for next financial year!!

Well done to ANCOM for its ongoing restructuring efforts to drive up profits and shareholders returns.


PennyStock123
310 posts

Posted by PennyStock123 > Jun 4, 2021 2:39 PM | Report Abuse

Engine Started!!


ChongLeeWoon
105 posts

Posted by ChongLeeWoon > Jun 4, 2021 3:21 PM | Report Abuse

Offer RM1 from parent Ancom, need to pass board, pass EGM then pass Bursa... year end only realize the RM1 value.

For now the discount from RM1 represents the discount for waiting until year end. Lucky I bought 81.5sen then ciao at 90sen, switch to mothership Ancom!

 Post Reply   Back  
Page < 22 23 24 25 26 27 28 29 30 31
APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards
 
 

361  365  575  1171 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SERBADK 0.555-0.05 
 KNM 0.19+0.01 
 PWORTH 0.015-0.005 
 EDEN-WB 0.03+0.01 
 FOCUS 0.035-0.005 
 EDEN 0.18+0.005 
 NWP 0.205+0.005 
 SAPNRG 0.1350.00 
 DNEX 0.875+0.015 
 SEDANIA 0.795-0.18 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS