yup, this info is from the FY20 Annual Report, which as at 3/5/2021, before the acquisition. From here can see the substantial shareholders hold more than 50-60% of the company shares, which also including the Johor Government.

SUBSTANTIAL SHAREHOLDERS AS AT 3 MAY 2021

Cheval Infrastructure Fund LP
(acting via its general partner,
TAEL Management Co. (Cayman) Ltd)
192,783,278 Shares (18.15%) - Direct

Lambang Optima Sdn Bhd
125,909,345 Shares (11.85%) - Direct

Hamdan (L) Foundation
90,989,543 Shares (8.57%) - Direct
140,453,345 Shares (13.22%) - Indirect

Tan Sri Hamdan Mohamad
148,650,343 Shares (13.99%) - Direct
231,442,888 Shares (21.79%) - Indirect

Permodalan Darul Ta’zim Sdn Bhd
114,049,200 Shares (10.74%) - Direct

Perbadanan Setiausaha Kerajaan Johor
(The State Secretary, Johore (Incorporated))
114,049,200 Shares (10.74%) - Indirect

State Government of Johor
114,049,200 SHares (10.74%) - Indirect

Lembaga Tabung Haji
58,659,487 Shares (5.52%) - Direct

*Details please refer FY20 Annual Report, Page 247

after the acquisition, Tan Sri Hamdan share holding will be 46.96% which around 47%. If from this alone, already can see how confidence and important the Ranhill company to the owner and also other big shareholders.

The company also keep on share buyback (which also mean the cash roughly 47% 'contributed' from the Owner or the highest management), which i think they definitely confidence on the company.

The 2 companies that acquired will contribute a significant numbers to Ranhill, it also mean that the future financial numbers will improve. It also make sense that the company share buyback now at the low level.

I have did my own measurement as below:

RBSB - PP 98815789 shares x RM0.95 = RM93874999.6
RWSB - PP 124164868 shares x RM0.95 = RM117956625

RB Shares before PP for Acquisition - 1072940000 shares x RM0.685 (average 7 days) = RM734963900

If add up together total market Cap should be RM946795524, divide by the total no of shares after acquisition of 1295920657 shares = at least RM0.73

Above calculation is just based on the purchase price of the new companies, which not include the value that bring in by the both companies (with 20-40 years track records), and also the net profit & clean balance sheet. It mean, at least it should have a based value of RM0.73 & more.

This is just my opinion.

https://app.eventure.com.my/53e512e1?fbclid=IwAR3M4qunXQAemkbt3-MvibCBtYNtyQuWRi25u855fug0FQVztnBvWtLEtcE

Actually with the acquisition of the both companies, Ranhill side have the ability to manage the EPCC for the LSS4 by themselves in order to manage the cost (inter billing) well and improve the ROI compare to other players that need to engage other EPCC supplier like Solarvest, Samaiden & etc.

It will also increase the chance for Ranhill to win more LSS projects in the future, due to the cost competitiveness.

Hope the company can talk to government side to revise the water tariff (which many years no change) to cover the high rising maintenance cost.

RM8m (existing NP) + RM12m (Prorated 12 months North Cube profit guarantee) = RM20m

The Issue price to take over the both company is 0.95 which not 0.9. Can refer back Bursa Malaysia Info

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3166191

The Management did mentioned in the AGM/EGM that they are in the mid to nego with the Government on the increase of the water tariff. Which the company has not increase any tariff last 5-6 years.

Me Too, last Friday got a phone call from the top management too, answered my 11 questions. Thumbs up on their IR! Keep it up!

Honestly, feel very surprised when a company that i investing, their top management called and explain on my queries. So far other than Ranhill, non of the companies that i am holding which their management do the same (some only will reply email, some dun even reply any of my email when i email their IR).

Good Job!

RSI at around 20, highly oversold

can we also take legal action on KPMG for our loss???

legal action on KPMG, movie start

https://bfm.my/podcast/morning-run/the-property-show/buying-solar-made-easy

https://www.thestar.com.my/business/business-news/2021/06/10/no-issue-with-order-book-says-greatech-ceo

“So far, they have paid us RM161mil based on the progress of project delivery. We have been doing business with Lordstown Motor for less than a year, but I personally have known the top management for eight years since their time in Tesla.

insas have so much cash, do u think it will subscript the inari latest private placement?

just curios who is the one that will subscript the PP of Inari

insas have so much cash, do u think it will subscript the inari latest private placement?

epf still holding the stock without any announcement of dumping the share

if you deep dive, Inventec, one of scope shareholder, is the OEM supplier for SONOS. And Scope in malaysia mainly focus on headset/handsfree/music related product.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3163953

Bonus issue for warrant

have to give them a thumbs up on the prompt reply and the serious on business and also investor relationship. my email get replied within 5 hours

if you all have any questions, can contact ptrans IR, which i get a very prompt reply from Jennifer which i think is their CFO. Lean management with high responsive. which i prefer these kind of management compare to the other companies that their IR, i emailed them few times also no respond.

Hi antonoimc27,

Project facilitation fee is a fee received to provide consulting services in relation to bus terminal/mixed development and operations to prospective clients.

https://www.youtube.com/watch?v=-BIDJQNadPg

go thru this video, you will have a clear picture on how the company operate

Papayashot, i think u need to go deep dive to understand their business model. For the state bus transit, it is subsidy by central government, which calculate by mileage claim, if the bus operate. It also mean, is a confirmed earn business, if the bus operate. Yes, it might be affected abit, due to lockdown (mean maybe the no of trips affected, but not much big affected)

For the merchant that rent the space at bus terminal, so far not much discount that offered by ptrans to them, info from the management.

For the ads space, that contributed. Ptrans not direct deal with brand owner, which they only deal with advertising agencies, that signed yearly contract. it also mean a confirmed profit, no traffic in the terminal, the agencies, still have to pay to the Ptrans as per contract. Ptrans have renewed the 2021 contract by January 2021, so, for 2021, ads revenue and profit, safely secured.

OCK (RM 0.495) (0172)
Summary based on

All publicly available information
OCK's ANNUAL REPORT FY2020
Rakuten Ideas Webinar with OCK Bhd Group CEO David Low on 10/5/2021
Overview :

OCK is one of the largest turnkey telecommunications providers,specializing in all things related to telecommunications towerco infrastructure and managed services for towers.

The Group has a telecommunications footprint in 7 Countries, with a workforce of 2600+ ,owns 4,300 Telco Towers and manages over 49,500 towers in the Asia.

The Group started from being a small subcontractor with zero knowledge, listed into ACE market and became MAIN market in merely 2 years.

Prospects:

The Group has bidding in the upcoming MCMC JENDELA Project and is confident to benefit from it, approval somewhere in Q3 August/September.The Group has also been receiving many orders for fiberization and expects many more projects to come, being one of the most experienced company available.

As for 5G , The government proposed "SPV" Rollout and will request telco companies such as OCK to deploy them with the first one expected to be in Klang Valley somewhere in December. Deployment speed will start to increase in FY2022, and expected enhance 5G coverage in FY2022 to arond 38% , and up to 90% within 8-10 years time.

The Group is also active in approaching states for collaboration to setup solar projects in cities and housing areas, and most of the projects are in preliminary stages. Important permits application and approval is required from local counciil. They also have active bidding for solar projects, such as LSS3 & LSS4.


Towerco Updates:

Myanmar, OCK owns more than 1,100 sites with tenancy ratio of 1.42x. OCK targets to have approximately 1,250 towers in Myanmar by 2021, primarily through new built to suit towers.

Vietnam, OCK owns more than 2,700 sites with tenancy ratio of 1.33x. OCK targets to have approximately 3,200 towers in Vietnam by 2021, primarily through acquisition of towers.

Malaysia, OCK owns 500 sites with tenancy ratio of 1.10x. OCK targets to have approximately 700 towers in Malaysia by 2021 through a combination of built to suit towers and acquiring towers.

Expansion:


OCK's foreign assets are all under its Singapore based company, which is a preliminary setup for future plans of listing under Singapore Stock Exchange. The Group mentions that it has to first expand and acquire more towers to become easily chosen to be an attractive company in foreign investors perspective.

Indonesia has recently opened up its restrictions, allowing foreign companies to own and purchase telecommunications assets , which OCK is near towards closing the deal and therefore having a large exposure towards Indonesia's business. Indonesia has 4G covering only 40% of the country and therefore having potential for a huge market.

In Vietnam, OCK has derived a new strategy, by only acquiring and purchasing towers & telecommunications assets from smaller companies Vietnam. This can speed up The Group's expansion in Vietnam significantly and have already acquired 170 New towers which are only 4 years old and has good potential.

Orderbook :


Myanmar - 200 Towers, increase delayed due to coup
Malaysia - 100 Towers and increasing
Vietnam - Plan to acquire up to 800-1200 towers , currently final stages of negotiating for 320 towers.

Profitability:

OCK's IRR is a whopping 10-12%, which is very high compared to rental of assets such as housing with expected IRR of 4%.
This is mainly due to its recurring income and business essentiality, providing it with a strong cashflow.

Tower services have Tenancy Ratio, which means that more than one operator can use the same tower, therefore if more providers are leased, the ratio increases and significantly boosts OCK's profitability.

Managed services over 49,000 towers, the profitability will only get better as expansion towards more operators will reduce operating expenses of the company and will continue consistently grow.

The Group also has very competitive pricing and cost effective methods, able to apply cost reduction methods, such as bulk order and strong negotiation skills.

With their Recent QR hitting all time high (ATH) Revenue, it shows that OCK can weather many hardships despite the challenges.

Myanmar coup :

Most importantly, There are no disturbances on and nearby the towers based in Myanmar. OCK is also able to collect full payments and thus having minimal to no impact on the company. OCK has only reduced their office hours mainly because of government movement restrictions.

The misunderstanding of Telenor having a write-off did not affect them much as well, based on CEO David Low's explanation that customer base has actually increased by 2 million in Q1 2021.

Telco services in Myanmar such as (MPT , Telenor, Mytel & Ooredoo) while their data services have only been disrupted occasionally but calling & SMS services remain operational.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3155050

21 may credited to acc

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3143236

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3152405

Westport at record high result

https://www.theedgemarkets.com/article/malaysia-become-important-hub-mineral-industry-development-says-minister

Thanks XxxxXzz, i have no buy sell comment please. i have hexind which i plan for long term hold, which have backup capital to subscript all the RI, for stock market investment very depend on each investors situation and holding power, and also strategy. For all the one before invest, please do your own research 1st

no update yet

very obvious the operator desperate for to sapu, not hit their requirement yet. many investors get washed out, now left the high holding power investors that not willing to sell low to them. they have to buy high. they create panic and press down the price and collect. think about it, if no good future, why they buying or keep collecting? no buy sell comment here, just sharing

Maximum Scenario : Assuming that all of the existing Warrants are exercised into new
SCH Shares prior to the Entitlement Date and all the Entitled
Shareholders and/or their renouncee(s) fully subscribe for their
respective entitlements under the Proposed Rights Issue at the
illustrative issue price of RM0.08(ii) (Floor Price) per Rights Share on
the basis of 15 Rights Shares for every 2 existing Consolidated
Shares

Base Case
Scenario
: Assuming that none of the existing Warrants are exercised into new
SCH Shares prior to the Entitlement Date and all the Entitled
Shareholders and/or their renouncee(s) fully subscribe for their
respective entitlements under the Proposed Rights Issue at
illustrative issue price of RM0.12(i) per Rights Share on the basis of 5
Rights Shares for every 1 Consolidated Share

Minimum Scenario : Assuming that none of the existing Warrants are exercised into new
SCH Shares prior to the Entitlement Date and the Proposed Rights
Issue is undertaken on the Minimum Subscription Level at illustrative
issue price of RM0.12(i) per Rights Share on the basis of 5 Rights
Shares for every 1 Consolidated Share

kfliau, may i know how u come out with the 15 for 2?

For illustration purposes, assuming the 5 Market Day VWAMP of the SCH Shares up
to and including the LPD (i.e. RM0.0999) and adjusted for the Proposed Share
Consolidation of RM0.2997, no Warrants are exercised and entitlement basis of 5
Rights Shares for every 1 SCH Share held, the illustrative issue price for each Rights
Share is RM0.12 (representing 17.2% discount to the TERP to raise gross proceeds of
approximately RM110 million).
TERP = (1 SCH Share x RM0.2997) + (5 Rights Shares x RM0.12) / 1 SCH Share + (5 Rights Shares)
= RM0.145 (rounded down to the nearest 0.5 sen)

Buying Volume is coming.....

Within a month, 1st time Support Strength getting stronger compare to Resistance Strength, Sentimental in great Positive with increasing Trend

https://www.thestar.com.my/business/business-news/2021/04/01/ranhills-power-seen-to-be-undiminished

imvu, i think no one can comment on this, unless you are the big operator that have huge cash standby to push

investment is looking at the long term value

if you are a short term player, need to learn on the TA, then u will know the trend, although it wont 100% accurate

u can refer to page 43

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=205750&name=EA_DS_ATTACHMENTS

'irrevocable undertakings', think about it

2. Proposed Rights Issue

Entails the proposed rights issue of SCH Shares to raise gross proceeds of up
to RM155.0 million. The Proposed Rights Issue is proposed to be undertaken
on a minimum subscription basis to raise gross proceeds of RM23.5 million.
On full subscription basis, the proceeds SCH intended to raise is up to
approximately RM110.0 million. Nevertheless, shareholders’ approval is
sought to raise up to RM155.0 million, in the event new SCH Shares arising
from the exercise of the Warrants are issued after the price-fixing date but
before the Rights Issue Entitlement Date.

The Proposed Rights Issue is intended to be implemented after the completion
of the Proposed Share Consolidation, subject to all relevant approvals being
obtained for the Proposed Share Consolidation.

The entitlement basis for the Proposed Rights Issue and Issue Price will be
determined and announced by the Board on a later date. It is the intention of
the Board that the Issue Price shall be priced at a discount ranging from 10%
to 30% to the TERP of the SCH Shares based on the 5 Market Day VWAMP
of the SCH Shares preceding the price fixing date, subject to the Floor Price
of RM0.08 (after the Proposed Share Consolidation).

Hextar has given irrevocable undertakings dated 11 November 2020 to the
Company to subscribe RM80 million worth of Rights Shares subject to the
terms and conditions as set out in Section 2.2.3. The Company does not intend
to procure any underwriting arrangement for the remaining Rights Shares not
subscribed for by the other Entitled Shareholders and/or their renouncee(s)
and/or transferee(s).

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3143632

Steve0612, i got the analysis from a system, which show the Support & Resistance Strength, reflect the sentiment

obviously someone purposely push down and collect, if you do analysis, u can see the buy volume keep on increasing compare to sell volume, mean many people get wash out and sell to some operator, that keep collect.