It’s a penny stock alright. Kaboom.

New lows in terms of price at present. Might get lower still. Time to ditch.

More competitors in genting now. Doubt OWG can recover.

Shit counter dropped from target of RM4.20. All con job.

Baiting for small fry before they go for the big kill....

@dingyuan, you are kidding right?

Run while you can!

Does not seem to be the case, share price tumbling....

Seems hostan is an undercover here, show us how much you bought before you take people to Holland

Lots of downgrade to be realistic. PE is damn high.

If MAPS has potential, you think they will let go the goose that lay the golden eggs?
Get real. When genting theme park opens, they will running, others will just get peanuts. There are already so many established brand names there, leave little to this counter.
Better run while you can.

@johny, did you read the annual report and check what are the repayments terms of their financing? What projects are you talking about? The ONLY project prior to 2018 was Komtar. They must have been very gung ho about the one and only projects that since then their opening in mid 2016, there have been 4 tranches of PP.
You are also wrong in that the mandate was only given in 2016. The fact is they have been seeking mandate to issue 10% of the share capital every year. This is to pre empt the issuance of shares through PP.
As years go by, those rides at komtar will be dated, and lost its novelty. In theme park, you need to refresh your theme every 5 years or it will be stale.
So before you enjoy the fruits, you have better start counting, haha.

MAPS not doing well at all just 6 months into operation. This is just to operate and manage, fees I believe subject to top line.

PP every 6 months. Could be cash drained. The aquarium is like stacked up fish tanks.

Why would anyone visit a Mickey Mouse theme park when they can go to 20th Century Fox? go figure, can’t be true.

Once pp done.. if at all any takers, price will dive....

Told you guys so...

So it does not mean they are amassing more shares

Re trading volume thin, of course the major stakeholders can’t trade, their shares are already locked down for financing and their stakeholding will be diluted once they call for private placement

Cash call coming.....aka private placement soon

Trading volume so thin @ 12 Dec, 32,000!

AGM on 18 Dec at 10 am, see you all and remember the rotten eggs

Trying to support price before AGM

@ johnny cash, the increase of 65% reported in the link, is between net profit for the period ended 30 sept 17 against 30 sept 16. However, one must take into consideration that in sept 16 the komtar project was not operational yet but there were significant start up costs. Hence the lower net profit then. So with komtar fully operational, they are only making RM2.5m in a quarter which is very low compared to 2015 and prior. The assets are not sweating enough.

If the assumption is that the credit extended is on average 30 days, then what they are reporting was the increase in revenue of RM1.68 m correlates with the increase in debtors in RM3.9m? It does not add up!

You need to see the free cash balance, as you can’t deploy any funds in escrow account. To release any amount under escrow, entails to removal of certain conditions from the lenders.

results going south; although revenue increased slightly, see trade debtors amounts, increased by RM3.9m from 30 June 17’ aren’t they in cash business? That means the net profit of RM2.9m could be due from debtors. Cash position is worse, now deficit of RM5.3m. Gross profit margin dropped by 4%. Also why no disclosure on business performance as required under part II compliance with appendix 9 B of bursa requirements? to explain on the drop of gross profit margin.

Cimb could be the main lender for the term loans, so got to market this co, or this co cannot repay the loans, then kaput Cimb.

Anyone knew how the biz at komtar with the flooding? Guess there would be grave financial impact

Will ask for monies again.... for working capital.... see how the rights proceeds in July 17 was used....not for biz expansion but working capital

Sial, from annual report, no money in the bank.