They shouldn't shut down Bonescythe blog. That blog shut down quite awhile ago. I always go there for some comedy entertainment and laugh at the things written there. So sad that now one avenue lesser for entertainment.

you can dream on the dividend. Most likely they pay off some debt then borrow more to deal in the stock market

shernlee..after rights, the nta should go down to approximately 0.75 to 0.77

Eric Choo..Good question but whoever try to answer would be dumb. If he/she knows the answer that person would be very rich trading in the market!!!!!

Romyzam..agree with you. Some people does make comments without using brain. Hmmm maybe don't have brain. Maybe he/she has inside info and is the one fabricating the sales. LOL

IMHO for TAGB to improve they need to get rid of TT, stop spending so much time,effort and money dealing in investment securities and tell SC to list TAGB in any segment besides Properties(Co listed in properties segment but prop dev revenue for the year is ONLY RM10.6M). If SC can't decide what segment TAGB should be, create a new one for listed Co that has no proper biz direction. Better still get rid of Tiah junior and employ a professional CEO. If they want to run TAGB as a family co. then take it private for goodness sake.

hopetobecorrect..probably they recognised sales that did not happen then in 4th quarter take them back out before auditors does it ...LOL. The Directors deemed it not necessary to explain to minority shareholders why cumulative property sales can magically go down substantially. What do you expect from a co where Board of Directors includes 2 person charged for fraud by SC.

It's true. ESSB expected to re start operations in May 2018

harvestent..got bonus meh?

myky67 if csc declare bonus share then share price will be down ex bonus not up. Your quantity increase but worth in total should still be the same

verdict : High Court dismissed TTDI Resident's stay application

kelvin..if I have info and tell you, then this is insider trading. Illegal. However, let's guess and speculate. If Ho Hup has the same accounting policy as Malton, then my guess is that next qtr should be pretty decent. I have no idea whatsoever how Ho Hup recognise its revenue on the BJ land but these are facts in Malton's annual report to 30.06.2017. Land cost for BJ recognised progressively is RM394.4M and RM274.8(2016 : RMNil) is payable to BJDSB(meaning RM119.6M paid). Of that RM274.8M due, RM104.8M is due within next 12 months.

(Note : That RM119.6M paid most likely did not have any substantial cash inflow to HoHup as this is partly offset against the settlement of various HoHup's borrowings by Malton and also contra against completed properties sold to HoHup for RM34M)

HoHup's books, based on QR and previously AR announcements, approx RM136M had been recognised as revenue from the BJ JV.

Simply put,up to 30.06.2017 Malton says due to you is RM394.4M but HoHup says due to me is RM136M. More interestingly, Malton is also saying I'll be paying you RM104.8M within the next 12 months.

You draw own conclusions when HoHup is going to recognise that RM258M revenue(RM394.4-RM136).BTW the profit margin for HoHup is quite high as land cost was very low

No worries. Sep QR results should be quite good. Besides income from the ongoing projects, there is also the RM50M revocation for Batu Kawan which should translate to additional profit after tax of RM26M. Also, the actual cash inflow from the revocation could be more than RM280M which may reduce the co's borrowings or used to finance the development of BJ Pavilion

Agree with lwyy60. I smoked for more than 30 years and at one point almost 3 pack a day although I stopped a few years ago. Most of my frens stopped as well. Those that continue, switch to cheap pack costing between RM3 to RM5. It is difficult for BAT to compete with illicit cigarettes and this is reflected in the past few years BAT's decling profits. BAT will continue to lose market share to illicit brands unless Govt takes drastic actions against illicit brands. Due to huge profit incentives(a pack of cigarette probably cost < RM1), these illicit brands are difficult to kill off just like cockroaches. Kill one today, 2 appear tomorrow. KAkaka. My 2 sen worth.

kelvin17...susah to make money from Ho Hup. The f@*%#** director keep selling, how to make money? Unless you can buy more than what he is selling.

kelvin..hng33 big time investor. Anyway, presumably when you ask "major" I take it to mean "substantial". If that's the case any substantial shareholder must inform the Co. Additionally, if directors buy/sell shares must also inform Bursa. If you go to www.malaysiastock.biz, it's a great site for info. Of course if big changes in shareholdings but below substantial level, these are not available unless they are directors. Hope this helps

OngLai..Ruby LIM related to Desmond LIM. Probably the source is Desmond himself

kelvin17....new investor is hng33. Apa lah lu, he just say he bought at 70.5 yet you still ask who is new investor. Kakakaka

fair value can be RM100.00 but if directors keep selling, then price surely drop. who dares to buy if directors sells?????

jclass..kat bursa website ada lah. Hari ini Star paper pun ada cakap

jclass...Khamis baru start listing kot???

@@Updown...your maths very good. Well done

The Co is actually making decent profit. Unaudited 12 months, excluding interest income from JCI, operating profit after finance cost is RM111.5M. Insofar as Hiaptek pumping cash into ESSB, seems to have ceased in the last quarter.

The share of loss in this qtr is probably management trying to hoodwink investor. Most likely is impairment of amount due from JCE. If shown as impairment loss of non trade receivables, then it would be reflected above the operating profit line thus turning the op profit to loss for the year.

More worrying is the recoverability of the amounts due from JCE of approx RM340M to RM370M

i3 should setup another site for people to quarrel and criticise each other. Only investor9999 seems to be the only one commenting about Hiap Teck.

alex foo...got refund??? You can dream. Mana ada refund

Kane Lo, I think (based on Ho Hup annual report) WKL interest in HoHup is thro Red Zone which is a substantial shareholder of Omesti

WOng Kit Leong's disposal are indirect interest through Omesti. I think if no of shares/warrants sold if same as MSK, then it is thro Omesti. If only MSK then it is MSK direct interest

If buyer not stupid then seller (Dato Mah) is stupid???

Author forgot to mention that Vivocom to move up like Eversendai he/she needs to call KYY to become major shareholder in Vivo

Mrsblessingfirm, you should try asking UMWOG to borrow from you to rollover their borrowings. They definitely needs to borrow some more

Once RI confirmed, I don't think there would be a sell down. On the contrary, I believe it will go up because:-
1] Those that want to sell would had sold
2] The market already priced in the RI effects
3] Once confirmed RI, that means UMWOG WILL be bailed out by PNB and chances of survival and eventually recovery increases

On the other hand, if RI rejected, then there will be a sell down.

investor12345..if the RI goes thro, then UMWOG lives to fight another day. Although they are expected to make losses, but they is hope that in the long run they may survive and make profit. The share price would reflect that hope and as such should go up.

Agree with Offshore. Finally someone that talk some biz sense. If I run a biz with a few other partners and the biz is in deep shit, I m more than happy if a major partner is willing to fork out more money to bailout the biz, even at the expense of diluting my holdings.

Yes of course bank loans can be rolled over but that is assuming the bankers are stupid and dumb. If shareholders unwilling to bailout the Co, why should the bankers be the white knight?

Even with the RI, it is not sufficient to repay all its borrowings, but at least it will be easier to talk to the bankers to rollover a portion of the loans.

@@omione..imho, taking UMWOG private is the best course of action for UMWOG and PNB but not for Minority. If whole thing rejected, UMWOG share price would move south and as such PNB can acquire further shares to trigger MGO at a lower than 30 sen.

For minority, it would be better if they vote for the RI and for PNB exemption and don't subscribe for the RI. That way, PNB get to rescue UMWOG, share price of UMWOG can move north and the minority gain.

For share price to move north into $$ territory, the co has to be making profit and making MORE profit in future years.

If make profit every year and does not distribute as dividend, then such accumulated profits should be sufficient to expand or replenish depreciated machineries. Lonbisc makes profit, does not pay div, yet no money for working cap and cannot afford to pay off loans that were used to buy those machineries. What Jeffreyteck says is true.

Lonbisc reminds me of those Chinaco listed in Bursa. They also every year make millions (some billions) of profits, no dividend....their share price now is 1 to 5 sen

Rowie...If RI goes thro but not MGO, then PNB subscription to RI will trigger MGO, therefore the highest price is 30 sen.

On the other hand, Co abandon RI, UMWOG share price WILL go further south. PNB if want to rescue UMWOG can then buy at lower than 30sen until it triggers MGO and offer to take private at lower than 30 sen.

Worst case if no RI & MGO, PNB let UMWOG rot further and go bust, financiers get liquidators in and sells whatever assets to salvage whatever they can for themselves. All shareholders get nothing. hahahaha

yup, saw that. I m also optimistic but not if MGO.

ccmeow...you drink very expensive beer. Sold 50K with 2 sen profit = RM1,000. Apa beer you minum????kakaka

Rubbish Co. Apparently every year make profit...So why the need for rights if every year make profit???

Waseh..JediMaster wish of < 70 sen seems to be turning true. Jolly jolly good

Omione..Although it sounds pretty stupid to have a major shareholder voting to exempt himself from an MGO, again, where in the Co ACt does it says that a major shareholder cannot vote.

I m not a co law expert but I find it strange that a Co is trying to put thro a resolution to exempt a shareholder from doing something. Resolutions is meant to approve the COMPANY (not it's shareholders) to enter into certain dealings or acts. WHether a shareholder wants to or don't want to do something (including eating and shitting), he/she does not require the other shareholders to approve. Kakakaka

BTW, if what you say is correct and IF the MGO exemption is rejected, then, the price for MGO would it not be 30sen, i.e. the highest price that PNB paid to trigger the MGO?

offshore..strange one, which section of Co. Act says major shareholders cannot vote on a resolution? I may be wrong here but if major shareholders cannot vote, then minority will be the one in control, therefore minority can terminate all the directors also and appoint themselves as directors??

marklks5...are you at the right counter??? SInce mid July, except 04.08.17, the traded volume varies between 12M to 120M!!

At current mother price, W worth only 1 sen lah. With 1 year and 4 months life left, throw in premium, say 15%, therefore W worth 17 sen only. GGecko, goodluck

Whatever you vote does not matter. PNB's vote alone is more than enough to carry the resolutions through. This Co went downhill since new president??? I m not too sure about that. Almost, if not all, O & G counters were in trouble since 2 to 3 years ago. As for UMWOG slide in share price, this was expected as they are financially distressed. Moreover with UMWH washing their hands clean from OG by distributing all their OG shares, it was expected to go further south.

offshore..RI needs minority approval?? That's a strange one. EGM is to get a simple majority approval i.e 50% + 1 share (counting only those shares of shareholders that attended in person or by proxy).

investor12345, yes PNB alone can and will inject that RM1.8B thro their rights + RCPS

Haven't been around for a week and while I am not surprised by the drop in price after UMW distibution on 11.07.17 I am surprised that at one point it went below 30sen!!! I suppose at the current price, these new shareholders may just hold on and pray that it goes up.

Hopefully those funds that received free OG shares had sold everything since 11.07.17. Else price may go further south. Since 11.07, approximately 90M shares traded. If all these are sold by new shareholders, bal 300M still waiting to sell. Better wait until dust settle before decide on buying OG shares. Good luck to those that bought before UMW's distribution.

speakup...I doubt there are so many billionaires in US to study. I'll be happy if I can be a USD millionaire and earns USD100,000 a year or its equivalent in Bolehland....LOL

Insas is extremely overvalued for a company that don't know what it wants to do. If the main selling point of Insas is that it own shares in Inari then may as well go buy Inari. Buy Insas you get Inari but also come with whatever other nonsense investments. Of course if Insas dispose shares in Inari it will make huge gain but when are they going to sell, 197 years from now??

Based on UMWH announcement looks like they are entitled to OG shares today at 5.00pm. Let's see what happen tomorrow and Fri