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0.91   +0.01 (1.11%)  0.885 - 0.92  1,494,300
1,539 comment(s). Last comment by nagasaran93 at Sep 17, 2021 10:34 AM
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Solidrock
54 posts

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

I think it is golden opportunity to buy


cbkia4896
575 posts

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

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


skyz
1618 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
54 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
575 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
1618 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
3499 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
3499 posts

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

Sokong, kick out the offer !


yip_net
295 posts

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

Yes, reject the offer.
Nta nylex is 1.67.


Solidrock
54 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
1618 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
54 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
161 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
24 posts

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

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


JustinLong
161 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
24 posts

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

Ancom


ChongLeeWoon
168 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
349 posts

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

Engine Started!!


ChongLeeWoon
168 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!


volks2
1075 posts

Posted by volks2 > Jun 23, 2021 10:10 PM | Report Abuse

What to wait?


michaelwong
2997 posts

Posted by michaelwong > Jun 29, 2021 2:24 PM | Report Abuse

https://www.theedgemarkets.com/article/nylexs-board-accepts-rm1793m-acquisition-offer-ancom?type=malaysia


BlackWhite
1024 posts

Posted by BlackWhite > Jun 30, 2021 9:58 AM | Report Abuse

No up from this news


ChongLeeWoon
168 posts

Posted by ChongLeeWoon > Jun 30, 2021 2:37 PM | Report Abuse

Slowly step by step up as it approach EGM...


thesteward
5975 posts

Posted by thesteward > Jul 2, 2021 5:17 PM | Report Abuse

Must watch close next week hope can break new high lo


BlackWhite
1024 posts

Posted by BlackWhite > Jul 16, 2021 10:00 AM | Report Abuse

Nothing empty


Solidrock
54 posts

Posted by Solidrock > Jul 29, 2021 5:37 PM | Report Abuse

Fantastic qr from Nylex!


lim1818
29 posts

Posted by lim1818 > Jul 29, 2021 9:19 PM | Report Abuse

will not rally much due to the take over exercise by ancom


calvintaneng
42443 posts

Posted by calvintaneng > Jul 30, 2021 7:34 AM | Report Abuse

Nylex with 6.36 sen profit this quarter result shows it is turning around

All 3 increased : revenue, profit and Nav also up

1. Strong polymer sale

2. Ethanol production increased from 5 million litre to 10 million litres

3. Hidden value assets now selling at huge premium prices like the one in Indochina garnering Rm20 millions in profits

4. At 84 sen Nylex is selling at more than 50% discount to Nta of Rm1.74

But Nylex needs the synergy of Ancom to go much higher


SEE_Research
1145 posts

Posted by SEE_Research > Jul 31, 2021 8:25 PM | Report Abuse

SUMMARY

SEE RESEARCH

FOR NYLEX :

TARGET PRICES



RM 1.20 short term,

RM 1.50 mid term

===================================================

FOR ANCOM:

TARGET PRICES

RM 2.00 short term,

RM 2.50 mid term


SEE_Research
1145 posts

Posted by SEE_Research > Jul 31, 2021 8:37 PM | Report Abuse

SEE_Research BERNAMA .com

News in Brief
29 July 2021

=======================================

Nylex ( Malaysia ) Berhad /4944
returned to black
with huge profit of
RM 19.31 millions for the current financial year 2021


against a net loss of RM 23.21 millions in the previous year


SEE_Research
1145 posts

Posted by SEE_Research > Jul 31, 2021 8:42 PM | Report Abuse

NYLEX / 4944



EPS DPS NTA Revenue P/L Quarter Q Date Financial Year Announced QoQ% YoY% Report
6.36 0.000 1.7400 353.31m 11.40m 4 2021-05-31 31 May, 2021 2021-07-29 130.7% 161% View
2.76 0.000 1.6700 289.06m 4.94m 3 2021-02-28 31 May, 2021 2021-04-28 10.1% 234.5% View

ANALYSIS ON QUARTER REPORTS
Financial Quarter Announced Profit RM ( in million ) EPS
(i) 30 July 2021 11.40 6.36
(i) 28 April 2021 4.94 2.76
==================================================
9.12

Taking on 9.12 x 2 quarters = 18.24 x PER 10
= RM 1.82 - minus 30 % ( for safety margin )
Intrinsic value = RM 1.27


SEE RESEARCH

FOR NYLEX :

TARGET PRICES

RM 1.20 short term,

RM 1.50 mid term


Invest_888
580 posts

Posted by Invest_888 > Aug 25, 2021 4:56 PM | Report Abuse

Bought Nylex @ 82cent.


calvintaneng
42443 posts

Posted by calvintaneng > Aug 28, 2021 7:39 AM | Report Abuse

Blog: ANCOM or HEXTAR - Which to buy for 110% gain?

https://klse.i3investor.com/blogs/ancom4758/2021-08-27-story-h1570603519-ANCOM_or_HEXTAR_Which_to_buy_for_110_gain.jsp


See this

JustinLong

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.
03/05/2021 9:36 PM

jwinter3 JustinLong... Great clarity indeed. Time for accumulation.
12/05/2021 9:21 AM

JustinLong 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.
19/05/2021 10:34 PM


CALVIN ADDITIONAL COMMENTS:


NYLEX EARNS MORE AND GOT HIGH NAV THAN ANCOM


THE MATHS SHOW THAT THE BEST PROXY BUY TO ANCOM IS NYLEX

BY BUYING NYLEX AT 82 SEN THERE IS A LOCK IN DISCOUNT TO ANCOM BY 10% TO 15% LOWER ENTRY PRICE

If Ancom could rise above Rm2.00 to Rm3.00 as forecasted then buying Nylex at such discounted price is a no brainer


Invest_888
580 posts

Posted by Invest_888 > Sep 5, 2021 8:03 PM | Report Abuse

Latest Nylex quarterly earning EPS=6.36 cent which was increased 131% from the previous one with 2.76cent. Nylex NAV=RM1.74
But Ancom only offer RM1.00 to NYLEX minority shareholders(Nylex Mi) per share. Nylex MI have 89159530 shares of Nylex, (Note: the Nylex MI shares in Nylex will change according to trading)

Nylex MI will get the RM1 in the form of:
1) 39.26cent/share as cash distribution
2) 8.37cent/share cash or RM15,000,000 remaining in the Nylex as listed cash company. In other words, need to use this money to employ some staff to do something. WHY don't delisted the Nylex, this RM15,000,000 can be used to pay to Nylex Mi???
3) 52.37cent/share of Ancom share in which assumes that Ancom is priced at RM1.50 per share. Ancom pays to Nylex Mi 31,129,508 Ancom new shares. Ancom new shares for Nylex Mi with value =31129508 x RM1.50 = RM46,694,262. For Nylex Mi, 2.8641 shares of NYLEX get 1 share of ANCOM only.


Nylex shareholder esp the minority shareholder, Nylex Mi should not accept offer of RM1.00 per share which is pretty too low from Ancom bcs of:

1) Significant improving Nylex business, latest quarterly EPS=6.36 cent.
2) Nylex NAV = RM1.74. Nylex minority shareholders,Nylex Mi lost 74cent per share!!!
3) Ancom latest quarterly EPS = 3.19 cent with NAV= RM1.49 only.

In conclusion, the offer for the Nylex Mi is really a bad offer. By right, the offered price of Nylex should be higher than the share price of Ancom because both EPS & NAV of NYLEX is better than Ancom. How come this simple logic Nylex directors don't understand? Nylex directors should work for all the shareholders of Nylex first.


PennyStock123
349 posts

Posted by PennyStock123 > Sep 15, 2021 2:38 PM | Report Abuse

Nice


Envestor
74 posts

Posted by Envestor > Sep 15, 2021 6:03 PM | Report Abuse

Just got in today after doing some research at 0.89, hope i'm not too late


nagasaran93
152 posts

Posted by nagasaran93 > Sep 17, 2021 10:34 AM | Report Abuse

@Envestor, I too got in today morning at the ToP, red in profile now. Hopefully the good will give us good fortune! cheer

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