Don't play play with LGE. He not dumb like Najib haha.

Before cancel already nego cost down but Gamuda said no so cancel only way out.

EPF disposed bec ex EPF CEO(Shahril Ridza) must take care MAS?

PH can think out our of RM 5.2 billion underground job RM 500K goes to Rosmah handbags?

RM 5.2 billion is not kacang duit. A lot of money leh. LGE/Tun M not stupid.

08-Oct-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 141,000 shares on 03-Oct-2018.
https://klse.i3investor.com/servlets/forum/800000864.jsp

No 2nd chance for Gamuda either.

https://klse.i3investor.com/blogs/savemalaysia/177328.jsp

LGE said only international firms can bid so MRCB-Gkent also out.

https://klse.i3investor.com/blogs/savemalaysia/177328.jsp

Vivo-CRCC can bid MRT2 underground?

Loss QR 2.4 cheap?

China companies can bid?

08-Oct-2018 Insider CHIA SONG KUN (a company director) disposed 246,800 shares at 6.967 on 04-Oct-2018.
https://klse.i3investor.com/quoteservlet.jsp?sa=ss&q=QL

Kendo Ken goreng?

Bitter but neccessary medicine to cut RM 1 trillion debts.

Ptaras left 2.39 how to make money bought 5 years ago at 4.99?

Why buy now? Wait 1.2-1.8 again.

JN88 Buy at 1.2-1.8 ....now 3.0...how to call drop ?? you teach me.
04/10/2018 18:18

Armada bigger loss than Sap and more expensive why can better buy?

Oil up why drop 2 sen today?

James Teo ask not I buy.

James Teo Sapnrg-c64....expired on 31/10....how its go ?
02/10/2018 22:34

Why buy CW? CW issuance is the 1 cause Sap drop from RM 4 to 43 sen. All CW issued bankers must win?

James Teo Sapnrg-c64....expired on 31/10....how its go ?
02/10/2018 22:34

Kenanga SapNrg TP 34 why issue CW exercise price 48 sen? All IBs' want to con kawkaw?

Bustari Yusof buy and buy bec Penergy discover more oil? How much is oil output currently?

Gambit_Baboon Surge!!!Surge!!!Surge!!!
02/10/2018 09:13

Why EPF bought can press down?

Posted by SuperPanda > Oct 2, 2018 09:27 PM | Report Abuse
i think epf will press it to 84c again

US, Japan stock market hit record high why M'sia lag behind? PH govn fault?

Bursa CEO must always be a Malay even cannot perform? Vote Pas next GE.

Change address why? Save rental? Argument with Felda?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5928445

Tropicana enters JV to develop 2 parcels of land in Selangor
http://www.theedgemarkets.com/article/tropicana-enters-jv-develop-2-parcels-land-selangor

Ok. Who throw we buy more.

Many supporters why lazy here? Oil price still higher not including RM 815 million contract just won.

Now you get my RM 100(hypotetical). If want to charge higher(bec oil price up) eg RM 120 I don't want to travel you earn RM 0.

If price ticket higher how abt I avoid travelling?

bushtrump stucked buying AA at high price? Why drop now he dare not admit?

Why must sell? Why not wait higher price get more?

KYY ctr. KYY not yet promote so he buy first?
https://klse.i3investor.com/blogs/SICStockPick/171824.jsp

Jho Low make easier money than those playing stocks in Bursa M'sia?

Ask OMV buy Sap from open market cheaper.

Posted by i3lurker > Sep 15, 2018 08:33 PM | Report Abuse
@spinning
:) I had dealt with Australians before (small manufacturing plant in Australia itself) and also HOA with them....

now is the due diligence time. It will depend on OMV what level of audit will make them comfortable to pay RM3.3 Billion out.

Sapura why 60 sen only not 90 sen or RM 1?

14 September 2018

MESSAGE FROM THE CEO

PLCs sitting on large cash balances

Every now-and-then, we come across PLCs sitting on large cash balances.
Inevitable, minority shareholders, and even institutional shareholders, sometimes raise the following question to the Board at AGMs: “Why don’t you distribute some of the cash rather than just sitting on it?”

For these shareholders, their rationale is simple: if you do not have any plans to use the money (like capex) over the next few years, why do you not return the money to shareholders as dividends.

Shareholders often phrase their statement to the Board as the PLCs ‘not sweating their assets (cash) enough’. The cash is merely sitting in the PLC and the PLC is only getting FD rates. This is not the reason why the shareholders parted with their cash to invest in the PLC, especially during the IPO.

To be fair, some of these PLCs do declare dividends while some do not. While some dividends are generous, the other dividends are not so…barely above the Fixed Deposit (FD) rates.

The answer from the Boards are often that the cash is being held as a ‘war chest’…we do not know what bargains (acquisitions/takeovers) will come our way in the future and when it does come, we must have sufficient cash. The PLCs argue that with cash settlement terms, they can obtain better prices and at the same time not affect their gearing ratios adversely.

Both the shareholders request and the PLCs response have merit. But is there a middle ground?

PLCs with substantial cash balances should declare generous dividends. The word ‘generous’ itself is subjective in the context of the savings for a ‘war chest’. Perhaps, what would appease the shareholders is a dividend yield that would be at least, above their popular opportunity cost i.e. the FD rate. Of course, ‘the more the better’ as far as shareholders are concerned, especially the minority shareholders.

From the PLCs perspective, their Boards need to consider what is enough for a ‘war chest’ and what should be declared as a healthy dividend. There can be a great temptation for these PLCs to have a ‘the more the better’ attitude (also) in relation to their increasing cash balances…and adopt a somewhat miserly attitude when it comes to declaring dividends.

From a financial statement analysis perspective, sitting on idle cash does not do any favours to the PLC. It creates a situation where your ‘return on capital employed’ is low.

Another trend that we have noted is in relation to the share price of such PLCs in that their share prices do not increase in tandem with the increasing cash balances. In fact, the share prices of most of such PLCs, which often have a business as usual model, trade sideways when it comes to their share prices. There are no share price increases to enhance the long-term value of the shareholders.

What we have noticed in some of the AGMs that we have been attending is that there is an increasing trend for shareholders to ask such questions at the AGMs of PLCs with large cash balances.

The advice to such PLCs is to be prepared to answer such questions convincingly.

Shareholders have parted with their money to invest in the PLC and expect a decent dividend. When the PLC went for an IPO, it was the shareholder who parted with their cash for the PLC to increase their operations…and by the same logic, the PLC should return the cash if they have no other foreseeable use for it.

Regards,
Devanesan
14 September 2018

Why time not shares?

Ask Arab Saudi. Why not Brent crude USD 100-120 in 2019?

Posted by rr88 > Sep 15, 2018 04:48 PM | Report Abuse
"Full-year capex is expected at above RM40 billion, said group president and CEO Tan Sri Wan Zulkiflee Wan Ariffin.

The company projected its operations for this year based on Brent crude full-year average price estimation of below US$73 per barrel, but expects the figure to hover "in the 50s-60s" in 2019."

http://www.theedgemarkets.com/article/petronas-sees-modest-pickup-upst...

=> back to 50s - 60s next year. Same as JP morgan prediction.

=> conclusion: modest pick up in activities will remain as modest. Enough to keep some companies afloat but sooner or later more cash calls, selling assets and filing for bankruptcy.

Public Bank TP 79 sen can double our money?

14-Sep-2018 Price Target Parkson Holdings Berhad - Disposes Stake In Parkson Credit
Source : PUBLIC BANK, Price Call : HOLD, Price Target : 0.79
Last Price : 0.405, Upside/Downside : +0.385(95.06%)

NTA 90 sen sell land, properties can get back 90 sen?

Agree. Might be next QR good and big amt of cash just received.

Posted by plroo7 > Sep 6, 2018 01:48 PM | Report Abuse
Think positive... Hope for the best....

You ask Texchem why they can give 10 sen dividend when QR is loss?

Posted by aboy > Sep 5, 2018 06:03 AM | Report Abuse
something tak betul, losing money and still give so much dividend, no logic, mukin I smell something fishy yang kita tak tahu?

If borrow from China not good how abt Japan or M'sia banks?

No money borrow more or print more money lo.

Posted by stockraider > Sep 15, 2018 03:38 PM | Report Abuse
NO MONIES HARD TO UBAH LOH....!!
MUST BE REALISTIC LOH....!!
AT LEAST CORRUPTION MUCH LESS FOR NEW GOVT MAH...!!

Closing price for some ctrs is not Friday 14th.