https://www.klsescreener.com/v2/news/view/1293343

Chairman and wife disposed 1943 big lots.. it's just their trading to made some gain. They acquired in last October at about RM1.80+-.
Their main shareholdings interest are intact.

Dayang has hit 2.50 level.. its next target is 2.83.. hope for the best.

Just quote some positive words from "B3. Prospect" write up in the Dayang Q4 reports (Page 25) :

1. "the newly secured Asset Integrity Findings (“AIF”) projects"
This newly secured business project hasn't announced earlier in the Bursa site. Let's see later in the announcement how big is the contract works.

2. "Our offshore service vessels (“OSV”) fleet also underwent routine maintenance and renewal of approvals in preparation for a busy 2024. "
A busy 2024... we can anticipate that this year it could be another record year for both Revenue and Profit.

3. "Going forward, we will be participating actively in new tender activities while waiting for the outcome of tenders already submitted."
Actively participating NEW tenders + waiting for tenders already submitted.
This means that they have many more new contract works pending to be announced later throughout this exciting year.

The board being always very conservative and prudent in the past, has now expressed a very positive outlook and confidence is the year ahead. We can anticipate its record high share price in 2024.

Dayang PAT of 235m, Naim 24% will get 57m.. Divide by it's 513m shares,. EPS is as high as 10sen.. if say using PE of 12 only, its fair price could be RM1.20

Dayang EPS of 18.91 sen. If using PE ratio of 15. Then its share price could be RM2.83

If say Dayang is making PAT 235m for the year, which I guess it is highly possible.

Then, 235m divided by 1157m of share. Equal to EPS of 20sen..

PE15 : 0.20X15= RM3.00
PE17 : 0.20X17= RM3.40

https://klse.i3investor.com/web/blog/detail/ZZD/2024-02-18-story-h-188365353-DAYANG_where_to_now_upside_sideway_or_down

Yes. As stated in their most recent quarterly reports on page 23, part B3 Prospect, that;

"quite a few ongoing contracts has been extended until FYE 2024. In addition, the contract extensions were given with a moderate revision in unit rates "

Most of their contracts were extended. Some had been announced, and some more are yet to announce soon.

More importantly is that the extensions were with higher unit rates, which in term will produce higher profit margin, as shown in the recent Q2 results.

While awaiting new announcements of contract extensions, I think many analysts will still maintain recommending "BUY" .

Crude oil WTI and Brent oil prices are trending up with more than USD 2 up yesterday.

As compared to the last above RM2 share prices at the beginning of 2020.
The financial positions as at 31/12/2022 is much stronger and more impressive than that as at 31/12/2019.
Loan and borrowing was about 800millions as at 31/12/2019
Whilst only about 400million as at 31/12/2022
And there was no dividend payout in 2015-2020
Whilst 2021 and 2022 had dividend payments.
Therefore, there is no doubt that Dayang is now more attractive compared to the previous RM2 price level.
In Jan2020 Dayang share prices achieved to close above RM2.80
Where do you think this round can we targeting ?

Just one director sold 100000 shares. Three of them are father/mother/son.. They are indirect deemed interest, therefore need to do three announcements respectively.

Buying momentum is seen..

EPF ceased as substantial shareholders in Dec22. FIL ceased as substantial shareholders in May23.

With the bright outlooks, I think new institutional Investors will accumulating Dayang at prices below 1.85. As most prediction of target price is at 1.85.

Out of 34 analyst's recommendations,
33 recommended BUY,
1 recommended HOLD.
None recommend SELL

More contracts extension will be announced indicating work order for the coming year up to Dec24 will be sufficient to keep high utilisation of vessels thus good revenue.

New blanket tenders will be finalised in the next 2-3 months. Dayang being an established and good track records company, awards of new exciting contracts can be expected. In turn will bring the share prices to a next higher level.
Last record high at RM3.00 was hit in Feb 2020, just months after the announcement of some contract awards.

Bursa is "Blind and deaf" on those XOX, AT , Fintec ..........happenings....

HOA signed with Techninier stated that a definitive agreement may be signed within 60 days fom the completion of a valuation report on the value of Techninier. But no date fixed to complete the valuation report...

For those who wish to know what is Esukan or Esport and what is its business potential. The following link may have some informations for your reading..

https://www.oppotus.com/power-esports-branding/

Macpie can be a major player in the E-sukan and online/mobile gaming provider in Malaysia.

Below is an extract of a portion of the press news by Techninier end last month.

Esukan.gg is the National Esports Tournament platform developed for Esports Integrated Initiative (ESI), an initiative to create a vibrant, sustainable, and inclusive eSports ecosystem powered by Impact Integrated, under the purview of the Ministry of Youth and Sports. The platform is being progressive developed by Techninier, a leading software and mobile game development company in Malaysia. As a proud partner of this project, Techninier believes Esukan.gg will greatly benefit the Malaysian eSports community by fostering collaborations among various industry stakeholders, government agencies, and enthusiasts to provide a comprehensive foundation for the local gaming and eSports ecosystem.

"We appreciate the opportunity and trust given by The Ministry of Youth and Sports (KBS) and Impact Integrated to develop Esukan.gg. as Malaysia’s most comprehensive esports platform. Following the discussion with the Ministry of Youth and Sports, we acknowledged that the government is highly supportive of the eSports industry which can potentially contribute significantly to Malaysia’s economy. We are grateful and honored to be able to contribute towards the growth and development of National eSports development strategies. We aspire to achieve 1 million unique registered users by 2022," said Dato’ Lion Peh, CEO of Techninier.

Opetator = Mecury security

Mercury Security had disposed all their Warrant B already.. so now "playground" is at mother shares

Macpie like a girl been "played and dump" (by mecury security)

No more new conversion of WB to mother shares. The company cannot sourcing funds from WB anymore. Only the operator (probably Mercury Security) benefited from the huge gain on this 30% private placement exercise.. A slapp on the faces of the board... been "played"..

Their costs are too low.. as low as 10 sen or less..

Jefetisavvy. you are right the drop will only stop when the operator had unload all their shares, which are those 30% private placement shares completed last month.

Hopefully they are still keen and ongoing talk on the Techninier deals...

On earlier proposed acquisition of 35% of Techninier at RM 90millions by issuing Macpie shares to the vendor. The following scenarios may arise. say,

1. If Macpie share issued at 0.20 per share.
Macpie has to issue 450million shares to satisfy RM90million. Thus the vendor will hold equivilant to 450/(929+450)= about 32.63% of the enlarged capital.

2. If Macpie share issued at 0.30 per share.
Macpie has to issue 300million shares to satisfy RM90million. Thus the vendor will hold equivilant to 300/(929+300)= about 24.41% of the enlarged capital.

In the above two scenarios. If issue at 20 sen per share, the vendor will holding nearly 33% which may trigger Mandatory General Offer (MGO) to all shareholders.

So the issue price will be depending on the weighted average market share price later. ideally above 30 sen can be more acceptable by the board and its EGM approval later, i guess.

Macpie shares has been "played" by a "syndicate" who "slapped and humilated" its board of management. How can their values being pressed and munipulated and yet they just let it be. Such a "quiet and helpless" board.
Their silence and no action consent & recognised their company values are such worthless.

Macpie previously main business was dealer of Nokia. Around Sept 2020, admission of two new directors and resignation of 3 old directors. Macpie business directions expand to online games and esports... i think Macpie has rebranding more towards the e technology..

look like someones are collecting at 31sen level. ready for a next rebound with news on signing definitive agreement to acquire 35% Techninier ？ ? maybe...... hahaaaa

i hope they (operator) dont need to sell toward their cost. If they had disposed off (or realised their target gain) 80% of their holdings, they can still do some manipulation above 30-50 sen.

i suspect the "operator" is actually the recent "placement buyers". Mecury securities is the marchant bank did the corporate deal.

Yes i agree to py1818 that the "operator" cost is very little around 10-15 sen only. Their dumping and throwing the prices down will jeopardise the proposed Techninier deal. Will the board or company not responding to rescue or doing something to support the values of their shares?

According to HOA to buy Techninier, the 35% of Techninier equity purchase consideration is 90 million Ringgit, to be satified by issuing new Macpie shares to the vendor. If say issuing price is at 30 sen only, then Macpie has to issue 300 millions new shares, which amounting to almost 32% of Macpie total issued shares of 918 million shares.
Is this deal sensible at the current Macpie share prices at 30.5 sen ???

Ppmaster. Simplywall.st is a paid subscription web base research site. i am in its 7 days free trial now..
i dont know what is their basic of valuation. But it did state as fair value of Macpie is RM1.30.

If Macpie acquire 35% of Techninier, i guess it will enhance the earnings.

https://www.techninier.com/web/index.php?m=main&c=press_24

An online research web page, "SimplyWall.st" stated that the fair value of Macpie is RM 1.30.
If so, next week will fly ......Hahaha....

The web page address is as follows:

https://simplywall.st/stocks/my/tech/klse-macpie/macpie-berhad-shares

https://www.techninier.com/web/index.php

i am optimistic and confidence in mother share prices to maintance at current level or even trending further up when the acquisition deal of 35% share in Techninier is finalised and annouced.

WB has 35 months more. i think when 60% convert, the price of the balance 40% will catch up to close to the mother shares. it wouldnt be so much "in the money"

after conversion, sell the convert shares. and buy again the WB. Then wait for it to catch up.

Conversion of WB to mother share takes 8 working days.. Will the mother share drop 50% in the next 8 days??? Unlikely, right? if so. go for conversion.

Below is the Macpie reply to Bursa on the UMA on 19/3/2021. Mentioned about a deal with Techninier is ongoing.


MACPIE BERHAD (“MACPIE” OR “THE COMPANY”)
- UNUSUAL MARKET ACTIVITY
With reference to the letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 19
March 2021 in relation to unusual market activity due to the sharp rise in price and volume of
Company's shares recently, the Company would like to confirm that to the best of its knowledge and
after making due enquiry with the board of directors and major shareholders of the Company
seeking the cause of the subject matter of the query, the Company is not aware of any of the
following that may have contributed to the unusual market activity:
1.
Any corporate development relating to the Macpie Group's business and affairs that has not
been previously announced that may account for the trading activity including those in the
stage of negotiation/discussion, save and except for the following:
(a) Based on the recent announcements dated 2 February 2021 and 5 February 2021 on
the proposed acquisition of Techninier Sdn Bhd, an esports focused software
company, the Company would like to inform that Techninier Sdn Bhd has signed a
master service agreement concerning deployment of services to eSukan.gg, a
government linked E-sports Portal, which was stamped on the 17th day of March,
2021.
2.
Any rumour or report concerning the business and affairs of the Macpie Group that may
account for the unusual market activity;
3.
Any other possible explanation to account for the trading activity, save and except for the
following:
(a) The Company, together with Techninier Sdn Bhd, is at various stages of discussion with
several international and local enterprises for sponsorship deals concerning the
eventual collaboration between the Company and Techninier Sdn Bhd for eSukan.gg.
The discussions so far are not concrete and deemed immaterial at this stage.
The Company is in compliance with, and will make the necessary announcement to Bursa Securities
of any material information in compliance with Rule 9.03 of Bursa Securities ACE Market Listing
Requirements.
The announcement is dated 19 March 2021.

This is a link to Techninier home pages.

https://www.techninier.com/web/index.php

The Board of Directors of Macpie wishes to announce that the Company had on 2 February 2021 entered into a heads of agreement with Datin Soh Meizhi (“Vendor”) for the proposed acquisition of 280,000 ordinary shares in Techninier (“Sale Shares”), representing 35% equity interest in Techninier (“Proposed Acquisition”) (“HOA”).

Anyone knows about how far has the above deal done? And how will it affect the share prices soon?

Anyone know about Macpie deal with Techninier? How far has it done and how will it affect the share prices in the near future?

The above extension time to fulfiment of conditions precedents, may means a delay of the right issue to not earlier than end of January 2021.

On behalf of the Board, Mercury Securities wishes to announce that Ta Win had on 23 December 2020 entered into the following:

(i) a second supplemental letter to the SSA with the Vendor to further extend the stipulated period for the fulfilment of conditions precedent of the SSA to 23 February 2021;

(ii) a second supplemental letter to the Subscription Agreement with the Vendor and Sin Line Tek to further extend the stipulated period for the fulfilment of conditions precedent of the Subscription Agreement to 23 February 2021; and

(iii) a second supplemental letter to the Shareholders Agreement with the Vendor and Lim Wai Keong (the other shareholder of Sin Line Tek) to further extend the stipulated period for the fulfilment of conditions precedent of the Shareholders Agreement to 8 March 2021.

Tawin is probably a smart bet for few months.

According to its Annoucement earlier. it stated in the prospectus that the Right issue matters are expect to be completed in the first quarter of 2021. That mean to say either in Jan, Feb or March.

Tawin trading volume reduce significantly whilst prices steadily hold and rise. i guess those "any force selling" and "short term players" are already flashed out. And current share price may be solid and stable. So awaiting some good news or "new catalyst" to boost it up.