2nd to EGM will be ESOS.

About 6-7M granted ESOS before 3/21 haven't exercised & not sure anymore ESOS granted after 03/21

Chill, chill. Tenang, sabar.

Being shareholders of Litrak, our concern should only on EGM result for now.
Once if EGM pass, ALR will issue sukuk to pay Litrak. (We don’t have to bother how many % ALR agreed pay to banks)

May be some of us here will ask what if failed?
Then we have to ask question like
Can I accept DY at 5.++% instead of 6.++% for the next 2 years? (May be some of us here having higher holding cost & 2 years later most likely will have a higher DY)
Continue to hold for the next 10 years if YES, else sell it off.

Pass those concern about bond coupon rate or how ALR financially sound? Or whether if ALR can pay on time etc…… to the bondholders

BTW, you are very resourceful & informative & I must thank you for that.

Cheers!!! Keep our fingers crossed

Dear CSan;

We don't actually need to know about the coupon rate. Unless interested in the sukuk to be issued.

Normal protocol once if the authority approve ALR's application, ALR will appoint a commercial bank as their Principal Adviser & they will have joint bookrunners (other commercial banks) to sell bond for them. Then only institutions/retail investors will have a chance to buy. (Limited to HNWI for individuals) Unsold remaining units will be hold by banks.

ALR will still receive amount that they ask for if they agree terms from the banks before open to the market.

Not too long ago Exism, Sabah Development Bank & MBSB also issue with ok reasonable coupon rate sukuk only.

1 slightly higher than MGS, 1 about the same, another one actually lower.

Don't worry

Guys, chill.

Don't worry about the Sukuk. It will be a done deal.

May be some of you here take this as a dividend stock. But bear in mind that a good dividend stock is if the company give away 8/10cents (not necessary 80% of EPS) he makes.

But this company give away > 100% of its EPS that's send another message.

That's my 2 cents.

Keep our fingers crossed

Dear 80 Gram;

"Speaking to The Edge in an interview on Wednesday (April 6), Rashdan said Gamuda is looking to conduct the extraordinary general meeting (EGM) in the third week of May to seek approval from its shareholders."

https://www.theedgemarkets.com/article/gamudas-highway-sale-conclude-early-endmay-says-deputy-group-md

If voting result pass during EGM then only can proceed

Dear All Sifus here;

Any of you has calculated intrinsic value of Ancom? How much it worth? Mind to share? Thank you

Hi SHQuah. I replied some of the questions you posted earlier. Kindly check your I3 Messenger. Hope it helps. Thank you

Yup. Price is reasonable now. & for warrant lover can consider also. Now at 99 sen + convert to mother share 1.65. Cost at 2.64, which is 2 sen lower than today's mother share closing price.

Hi Donald770. It's a very safe investment if your cost is below 4/=. Treat it as a FD counter with better yield will do. Don't expect it will have much appreciation will do. Cheers & happy investing

Trust? Nothing before offer price being announced. Most likely the company will ask existing shareholders if we have the interest in joining them as trust holder.

Most likely.

https://www.bixmalaysia.com/Issuer-Info-Page.aspx?IssuerID=340

Hi @StanLee. That's very unlikely will happen. That's why the substantial shareholders are looking for an alternative by setting up trust to buy from the existing shareholders.

My personal view point, the substantial shareholders will try their best to get it done before 2023. As by 2023 the company's sukuk will be dued. By then the company dividend will be very very lumayan.

If there is no solution by 2032, infrastructure will belongs to the govt. The company will have a few options.
1. Distribute shareholder fund to all shareholders & delist from Bursa
2. Tentatively classed as PN17 company until the company manage to find a new business.

Big boss convert 11M WB >> mother share & acquire 11M shares from off market

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3194092


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3193895

It's is a "FD" counter. :D

You are welcome @royin77.

MBB result out, KO for me. Luck just not with me this round.
Congratulation for those who has successfully allocated. Wish you luck. Cheers!!!

Still very much subject to Tay's family if they are willing to dilute % of shareholding. Olam definitely will send someone to the BOD that's 2nd. It will be very interesting if terms from Olam want GCB solely sell GCB products to Olam, so Olam may have a chance to overtake BC.

Of course the most important question is the price offer irresistible.

Answer "Yes", if you pay tax in Malaysia only

No news yet for me

Hi @Airline. From what source you heard about takeover at RM6? If I am not mistaken, proposal during PH govt also about RM5.++ only if successful. Anyway, that's become history. Just enjoy the company dividend.

Take it as a FD with higher yield will do

Good for everyone. Set to clear all at 3.++ & buy at 2.++. Boss is converting WB to mother shares at 1.65. Can't expect any lower than that unless massive market crash happen.

Ivory is expected to be completed by 1Q2022. Result will only be reflected on 2nd or 3rd quarter if everything is on schedule.

Cheers!!!

I do agree with you @newbie2828. Time will show the company potential. Just that personally I have some concern. Sold another 50k shares today

I also have just sold 50%, but Q to buy again at lower price if there are seller(s). Current quarter result is not convincing.

https://klse.i3investor.com/servlets/ptres/60410.jsp

Kenanga said today result will be out

Let's hope for the best

Thanks for the sharing @newbie2828. The increase of grinding capacity is a good sign, but cost of shipment may wipe up a BIG portion of GCB profit. That's also happened to JBFoods & many exporters.

Dear @cn21. Setting up new trust fund won't have any impact on the share price but takeover offer does.

Good to see many investors here are so familiar with WB's fearful & greedy quote. But bear in mind that he also teaches us about integrity.

When a famous auditing company having unanswered question(s) or refuse to sign audit report. It means very very fishy for the company report & company directors for sure are having integrity problem. Their decision is main reason to the chaos today.

All those nice figure can be adjusted.

If possible, sell all, walk away & don't look back.

There are so many counters in KLSE, not to mention foreign markets.

Wish you luck.

@pilato. Sell at whatever price you could. Walk away & don't look back.

@CoolJay, don't worry so much. Everyone makes mistakes. WB or Master FongSL also can't escape from making mistake. May be RM1.73 is a bit high for it's warrant but it's not something that cannot be saved anymore.

Ya, it's at a reasonable price now compare to its fair value

@CoolJay. Stay calm & don't worry. You still stand a good chance. BIG player(s) convert millions of WB to mother share recently. I would rather do nothing & to let the warrant expired if company has no future. BIG player(s) must have seen something. But again, if possible convert that to mother shares when price hit above RM3.38. At least mother shares has no expiration date.

LOL. I won't say price is very cheap now, but I do agree that price for now is reasonable & have enough safety margin

@VTrade you are welcome. Ignore political factor when we invest, especially for this counter. If our entry is below RM4. It's a very safe & almost no risk investment. Don't have to border who is the government tomorrow.

Today @VTrade.

Stay calm @CoolJay. Strike value at RM1.65 + RM1.73 = RM3.38. Chances of above RM3.38 is very high. By then you can convert it to mother shares. As far as US/China don't shake in the next 3 months. It's still a safe investment.

GoldenShares, :thumbsup:

https://www.fundsupermart.com.my/fsm/bonds/view/9432

Just to share. To the rest who are not aware of bond issued by EWI, the above is link for your reference.

If some of you curious why 6.5% & not 6.3% mentioned by ZW & JP. The 0.2% "Telan" by bank. :)

MahSing did the same last coupon rate at 6.9% but MBB can only offer me at 6.7%. :)

Cheers everyone!!!

I think it's good for us to stop Non-Productive & Nonconstructive arguments here. Don't prove anything but to further improve our portfolio's performance. Overall, Mr. Market will be the only one right & the only winner at all times.

Hong Leong is such a big group but not all biz is good. Mr Quek also had bad experience in investing TH Heavy Engineering. Hope this is not the 2nd :).

WB also had bad experience on Tesco & others. KYY & Fong SiLing also had couples of failures before.

We can't control price but can reduce risks. Let's handle investment risks handsomely.

Cheers everyone!!!

Actually Jon Choivo pointed out other possibilities & risks. We should thank him for that.

Most likely after news about Embassy Gardens hand over. So the company can lum sales figure together with London City project. So let's wait.

http://www.shareinvestor.com/fundamental/factsheet.html%3Fcounter%3D5283WA.MY

The company warrant Exercise Price at RM1.45, before 4/2022, meaning to say it will be only reasonable for EcoWorld & GuocoLand to exercise their right if mother share above 1.45.

Compare to the current price, investors here will have a room of about 40% increase before warrant expired

Just based on 1 year data, I also don’t know how to calculate its’ intrinsic value. But overall it’s still considered a safe investment for now. Not to mention recent deal with North American Pension Fund.

Imagine GoucoLand entry price at 1.20 during IPO compare to yours that’s 1st. 2ndly, as at May this year the company has cumulative sales of RM8.184B.

https://ecoworldinternational.com/wp-content/themes/ecoworld-international/images/download/EWI_Presentation.pdf

3rd, from the current sites, the company targets a total of 30B GDV for the next 10 years.

So total current sales & potential sales will be at 38.184B, excluding any other potential M&A for the next 10 years.

RM38.184B/2.4B of shares = RM15.91/Share

If you invest 100K shares now may cost you about RM106K, but EWInt has to sale or develop for you properties worth (100000*RM15.91) = RM 1.591M for the next 10 years.

At least for now I don’t see any property in Malaysia you buy at 106K today & will become 1.59M in the next 10 years.

So why worry?

If you guys really into property than can consider to invest another good local company, so your real estate business will be running 24 hours a day.

Cheers!!!