Today is the day to get CAB bonus shares. Some selling of CAB shares to cash out is anticipated.

Looking at the new share base after bonus issued and share split, it is now 610 million shares. The profit after tax as at 2nd Q of 2017 is RM 22 mil. If PAT for whole year is recorded as RM 44 mil, this will be 7.2 EPS (44/610). This EPS is still a good buy for today share price.

babu, now hardly see long(more than 10K) buy Q d after the RM 2.40 level.
The ex day also bringing price further down..
Only good news is the share buy back announcement today.

babu, u r welcome. U monitor closely this counter as the share price now is 1 year low d.
The buy Q today, from 2.44 to 2.40 level is short, just 1 to 2 K only...

babu, for 16K at 2.40 Q is worth RM4mil, only institutions got this money. I think
this 2.40 level is the lowest for now. But if any bad news come out, then hard to tell
the 2.40 will hold...

At this time saw 16K buy Q at RM 2.40

Latest announcement !!!!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5476705

The 7 years warrant will be given, my best guess is around Aug or Sept 17.

This 3 people has commited RM 16.8M to subscribe 12M shares under LTIP.
The same people also need to spend to maintain the existing share price to avoid
margin call. How much they still have ?

If uncle not buying, share price will not move up.

MGO at RM 2 is not teaching them a lesson, it is helping them.

MGO maybe will come but with lower price..

Everyone just need to think why share price drop 5% yesterday
and make own conclusion. Who did that sell down?

A better way for teaching them a lesson, if you know your staff are depending on bank margin, you just let them pop up the price with whatever money they can find now, then only you do the regular sell down. How long can they tahan?

Remember sell down does not mean you will sell away your shares to others, you can sell to your buddy, your girl, your ex- etc

If you are owner of a company and your staff treat you like nobody, what would you do? Are you just quite walk away?

Uncle is a businessman. Do not make a mistake to assuem that he will be bully by jokers this time.

Do you not know he is the owner of the company or you still think the jokers are?

What is his options? Do not think that he just an old feller that can be push aside.

This is a game of money and money is what he will mobilize to obtain his objective.

Run if you still can or be victim of this war....

Price drop is just to show who is the boss of the company...

r°Moi said it clearly, margin call sure bites, especially those who pledged their shares.

CEO, if still not go visit KYY to settle things, will have to swallow
the bitter pill and face the consequences from the wrath of KYY.

Day 1 drop 5%
Day 2 .........

Let's buy SUNWAY

if buy 300 shares for RM 3.89 ( RM 3.89 x 300 = RM 1167) , and assume this price maintain up to the bonus share issued..

i) Bonus issued 4 for 3 existing shares
300 shares become 300 x 7 / 3 = 700 shares
Price after bonus issued = RM 3.89 x 3 /7 = RM 1.67

ii) Free warrant 3 for every 10 existing shares
Free warrants = 300 shares / 10 x 3 = 90 warrants

Note : Warrant exercise price is determined by management
The indicative exercise price before bonus issued is RM 1.53 per warrant when
mother share = RM 3.5702 weighted average. (Ratio = 1.53/3.5702 = 42.85 %)

From i) if share price after bonus = RM 1.67, the exercise price of warrant,
if using the same ratio, will be RM 1.67 x 42.85 % = 72 sen.
By this measure, warrant price will be RM 0.95 (RM 1.67 - RM 0.72)

From ii) 90 warrants x RM 0.95 = RM 85.50.
This is 7.3 % return on investment (RM 85.5 / RM 1167)

Note :
1) The management will set the warrant exercise price.
The above warrant exercise price is merely an assumption.
At least got this as a basis to do calculation....

2) Market will give a premium to the warrant price, for just the name SUNWAY,
maybe be higher than RM 0.95.

3)Likewise, for SUNWAY, after bonus issued and price adjusted to RM 1.67,
this is a very good buying opportunities for many, especially the institution
investors. Last time I checked at SUNWAY 2016 annual report, on 30 largest
shareholders, the boss name is the only 1 individual name, 29 are institution
investors.

So, is SUNWAY worth buying ? You decide, decide quickly ..

Today this warrant B is selling for RM 0.02 only.

1) This is really a very good opportunity to buy at such a bargaining price.
Now you see it, act quick or else no more...

2)There are very few warrant in the market going at 2 sen BUT this warrant is only less
than 2 months old. Mature date at 1/5/2020 (1044 days)

3)Any upward movement to the mother share KGROUP will very likely move the warrant going up too. 1 bid up will be 0.005 which is 0.005/0.02=25% in return, very good right?

So, Go for it ?

If buy now and wait for no 2) & no 3) to come, this is 20% return, right?

Why this stock is value for money?

1) Current share price is low, now at RM 1.07 per share. Why said low ?
Share capital is 426.127 mil and the net asset backing = RM 2.08 per share.

2)Someone offering to buy the jalan ampang building for RM 480 mil cash.
Management will refund shareholders RM 0.18 per share ( RM 80mil / 426.127 mil shares)

3)Final dividend 2.5 sen will be paid soon pending company announcement.

If buy at 2.65, and if 2.65 is maintained upto pre-split level, when share split 2 to 5 will be 2.65/5X2=1.06.

Then bonus 1 to 4, 1.06 further become 1.06X4/5= 0.85 level.

So, is this too expensive?? Your choice

I like the way the management is rewarding shareholders with bonus shares 1 to 4 after the shares split 2 to 5. The share price is expected to go up after this exercise is completed.

RM80 mil / 426 mil shares = 0.18 sen per share. !! Buy

Good opportunity to collect now !!

today is the last trading day!

Who is smart ?

a)JJPTR promises investors a 20% return every month and get tons of money inflow
from investors. Now, on the news, JJPTR claims the money RM 500 mil was hacked.
No more income to investors. All investors will need to wait for refund.....

b) TMSB awards SKH a contract RM 192 mil and collected RM 12 mil from SKH as
performance bond. Unfortunately, SKH only get work for RM 7.1 mil and yet, RM 2.5
mil still hutang by TMSB. Now, TMSB tells SKH to stop work and we do not know
the RM 12 mil SKH money status....

1. SKHSB had completed the earthwork and levelling on the land representing approximately 2.5% of the project.

2. Out of the total amount billed of approximately RM7.1 million (inclusive of Goods and Services Tax) for the project so far, SKHSB had received approximately RM4.6 million. SKHSB and TMSB are working on the settlement of the balance of approximately RM2.5 million.

3. The delay is expected to reduce the Group’s (i.e. the Company and its subsidiaries) revenue and profits for the financial years ending 31 March 2018 and 2019. However, the impact is not expected to be material.
********************************************************************************************

i) Contract signed 7/9/2015. Now work delay 1 year from 11/5/2017 to 10/5/2018.

Why progress so slow ? (from no 1 above, only 2.5 % of the project completed)

Form 2015 to 2018, SKH benefits very little from this contract, cashflow out RM 12 mil
as performance bond.

This RM 12 mil performance bond, which is refundable upon upon completion of
Management Period. Now, the delay just becoming like SKH is parking the RM 12 mil
at TMSB for another 1 year.

ii) TMSB holds SKH RM 12 mil yet still owing RM 2.5 mil to SKH (from no 2 above)
Payment very slow despite holding RM 12 mil. Why ?

iii) Now, contract work is delayed for 1 year but overheads like salary to related staff
still need to be paid....if no work for the staff also very demotivated....

Very messy, maybe this is why Dato Low left....

Overall business of this counter is making progress but slow, too slow.
Contribution from the construction business still not yet significant....

From keeping track on the net asset/share, the trend is improving.


Share capital Net Asset/Share Cash/equivalents
RM'000 sen RM'000
31/3/2016 55,444 11.64 27,077
30/6/2016 55,444 11.68 27,863
30/9/2016 55,444 11.75 25,380
31/12/2016 55,444 11.90 26,665

Looking at the cash in the business, SKH has RM 26.6mil as at 31/12/16.
The management has maintained this cash level in 2016.

If we take into consideration the RM 12mil performance bond (refundable) paid
for the managing contractor agreement dated 7/9/2015,
the current market price of 7sen is just reflecting the cash element in the business.
(RM 12mil + RM 26.6mil)/554,440,000

i) Latest net asset value 7sen + 4.9sen = 11.90 sen. The 4.9sen is not value by the market yet.

ii)The managing contractor agreement (dated 7/9/15) is for 48 months
(48months + 18months defect liability period) = RM 192 mil

Average contract value per year is RM 48 mil(RM 192mil/4years) but so far the revenue from
construction contribution still far from the average contract value per year.

Hope 2017 will lock in more revenue from construction business and SKH will
worth more than 7 sen....

Summary
-------------
3 month as at 30/6/16, making a profit before tax 529K
NA per share = 11.68 sen
Cash & cash equivalents = 27.863 mil , per share = 5 sen