Posted by ks55 > Feb 11, 2020 3:25 PM | Report Abuse

You trust that Tan Sri?
It will be similar to put your trust in Linear Corp, Master Skill or London Biscuit.
All came with similar Modus Operandi.
All will end up in similar manner.

Posted by ks55 > Feb 11, 2020 3:34 PM | Report Abuse

Only KYY believes cash in XingQuan was genuine as he has insider as External Auditors.
Only KYY believes Since Die is a good buy.

Only kcchongnz keep on warning 'receivables' are highly suspicious.
Only kcchong keep on telling newbies to stay away from Since Die.

Posted by moneygame1 > Feb 11, 2020 4:29 PM | Report Abuse

Hi vcinvestor,

All good points... but again forget one more thing:

Scenario 3: Eversendai builds second liftboat completes it and has increased receivables. so now both boats are sitting as receivables and loans are still high as whats is happening now. Investors think Tan Sri siphoning money at boat company and allowing sendai to fund his private venture like you mention. Share price collapse and Tan Sri make money on boat company...

At least with the consolidation of boat company there is earnings moving forward for 5 years to pay debt no?

Posted by vcinvestor > Feb 11, 2020 4:49 PM | Report Abuse

Hi moneygame1,

You have a point, scenario 3 could absolutely happen. Tan Sri controls something like 70% of Eversendai so there aren't enough dissenting shareholders to kick up a fuss if they don't collect the receivables.

It is still something I disagree with from a governance perspective, as it is tantamount to a public company bailing out Tan Sri's private venture. So if I were a shareholder (which I am not) I would vote no to this transaction.

Its been good discussing this case with you, I appreciate your perspective on the matter.

Posted by Tunjung > Feb 11, 2020 10:40 PM | Report Abuse

Uptrend already started

Posted by Neroon > Feb 12, 2020 9:14 AM | Report Abuse

So VC Investor, your are saying this look like Loan to Director or Shareholder. Basically Vahana give contract to built ship to Eversendai, then never pay Eversendai. But Eversendai deliver ship. Now Eversendai already took loan to build ship but never get paid. So basically that is Loan to Shareholder. Then now bail out by giving ship back to Eversendai.

Posted by moneygame1 > Feb 12, 2020 10:08 AM | Report Abuse

Neroon... exactly right.. so now is it better to get the ship back to sendai or let it be with shareholder?

the purchase price should be very low.. and rcps should be non-cumulative..

Posted by Neroon > Feb 13, 2020 4:12 PM | Report Abuse

Eh, this would be a criminal offence lah. Loan in a PLC.

Posted by DickyMe2 > Feb 16, 2020 3:47 PM | Report Abuse

According to which law?

Posted by Tan2435 > Feb 16, 2020 3:49 PM | Report Abuse

Dick mxxx pxxxx

Posted by c2k9791 > Feb 17, 2020 6:29 PM | Report Abuse

https://www.thestar.com.my/business/business-news/2020/02/17/eversendai-secures-second-job-win-from-dlf-in-chennai

Posted by Shines > Feb 17, 2020 7:23 PM | Report Abuse

Jobs orno jobs,share price not moving

Posted by Shines > Feb 18, 2020 1:31 PM | Report Abuse

Trying to prove me wrong, I like it, haha

Posted by c2k9791 > Feb 18, 2020 8:58 PM | Report Abuse

0.25 mari la....

Posted by c2k9791 > Feb 19, 2020 6:58 PM | Report Abuse

This QR should be negative profit. Will turn to green from next QR onward...

Posted by c2k9791 > Feb 29, 2020 6:39 AM | Report Abuse

QR as expected

Posted by SWT1988 > Mar 6, 2020 11:55 AM | Report Abuse

How long will it hold above 0.30?

Posted by c2k9791 > Mar 6, 2020 6:46 PM | Report Abuse

Market lost confidence with curry neh

Posted by SWT1988 > Mar 7, 2020 9:30 AM | Report Abuse

From bad to worst

Posted by SWT1988 > Mar 9, 2020 12:12 PM | Report Abuse

0.30 support so easily broken? No eyes c

Posted by BigPro > Mar 11, 2020 10:28 AM | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3124188

Posted by Prashan Ram > Mar 11, 2020 12:43 PM | Report Abuse

Kuala Lumpur, March 11, 2020 - Eversendai Corporation Berhad has been awarded
RM490.1 million worth of projects in Morocco, Qatar and the Kingdom of Saudi Arabia.
Eversendai’s outstanding construction order book currently stands at a near all-time high of
RM2.69 billion.

Posted by DickyMe > Mar 11, 2020 12:48 PM | Report Abuse

They got money to pay for the projects or not?
Does the company have money to start the projects or going to "pajak gadai" to borrow?

Posted by c2k9791 > Mar 12, 2020 7:00 PM | Report Abuse

Dicky. Loan already approved. Project awarded. See how management team turns it to profit.

Posted by Shines > Mar 12, 2020 7:42 PM | Report Abuse

Everytime award job, everytime down

Posted by DickyMe2 > Mar 12, 2020 9:03 PM | Report Abuse

"
c2k9791 Dicky. Loan already approved. Project awarded. See how management team turns it to profit.
12/03/2020 7:00 PM"

All profit used to pay loan interest.

Stupid businessman.

This fellow is just proud of owning a business so that he can hang around the big boys.

I am sure clients knows this fellow is a fool doing business for crumb profit.

Close shop la dey, madaya!

Posted by c2k9791 > Mar 13, 2020 7:22 AM | Report Abuse

Agreed. Today stock market whole sales again

Posted by calvintaneng > Mar 24, 2020 11:28 AM | Report Abuse

Sell this lapsap and switch to the safety of Netx

Posted by calvintaneng > Mar 24, 2020 11:31 AM | Report Abuse

Sendai contravene the law of director vested interest in selling useless goods to company as a bail out

Company can ill afford to buy anything as all its revenues only result in Receivables or IOU

With recession looming there will be debt default like lcl last time

Better sell all your sendai now before it close shop

Buy Netx Opcom or redtone as these are cash rich with great prospects

Posted by Tunjung > Mar 25, 2020 4:38 AM | Report Abuse

Peluang untuk beli dan simpan.hari ni gerenti up

Posted by DreamKentut > Mar 31, 2020 9:31 PM | Report Abuse

LOL Netx trading at 0.01 sen and taht arsehole is promoting it.

Get lost Cunt Vin.

Posted by Tunjung > Apr 6, 2020 7:30 PM | Report Abuse

Uptrend..

Posted by Tunjung > Apr 16, 2020 10:35 PM | Report Abuse

Dah mula down trend.

Posted by BigPro > Apr 20, 2020 12:03 PM | Report Abuse

Awarded projects cannot proceed and keep delay due to COVID 19... revenue will be impacted as well.

Posted by Tunjung > Apr 29, 2020 3:54 PM | Report Abuse

Buy buy tp 28 cent..close

Posted by Molly Ngui > Apr 29, 2020 10:45 PM | Report Abuse

A very nice chart forming..

Posted by rambolee > May 12, 2020 4:20 PM | Report Abuse

suddenly spike up to 0.320

Posted by Orson Chin > May 26, 2020 10:26 PM | Report Abuse

o~~ lose power lo~~

Posted by Bobgaya > May 27, 2020 10:03 PM | Report Abuse

No one interested in this stock

Posted by DickyMe > May 27, 2020 10:05 PM | Report Abuse

Shhhhhhhhhh....kolek quietly !!!