OKU_2020.. Fasten your pant... If not, you are going to be a pon danlah. He He He

Kepala potong... Jadi pon danlah kamu OKU_2020 wei???
Bilakah kamu boleh jadi jantan sejati??? He He He

OKU_2020 always negative on his targeted counter... But still pon danly rocking and supposedly going for fishing?

On behalf of the Board of Directors of the Company, Kenanga Investment Bank Berhad had on 29 March 2024 submitted an application for an extension of time to submit a regularisation plan to Bursa Securities (“EOT Application”).
The EOT Application is currently pending decision from Bursa Securities.
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I think have to wait for a couple of times...

Playing this stock, you have to be patient... Including being patient with people like OKU_2020...

OKU_2020 always negative on his targeted counter... But still pon danly rocking and supposedly going for fishing?

The proposed PP has been approved by EGM... Later, the company needs to determine an issue price for the PP shares.... It will depend on insiders / management of the company to set it at around 5.5 sen or higher....

Posted by MZM2511 > 1 month ago | Report Abuse

I have a plan to add some if the price is below 5.5 sen but I think the price won't revisited 3 - 3.5 sen again in the near future, especially before the completion of the proposed PP. TAYOR..

Posted by MZM2511 > 1 month ago | Report Abuse

fl888
…now PP at 5.5cts to develop Ijok
------

5.5 cents is just their ilustrative price... stated in their proposal.
As I said, actually it depend on management / insiders to set the PP issue price.... At below 5.5 sen, at 5.5 sen or higher than 5.5 sen. We will see it later.... TAYOR

The PP exercise will be completed on 29 April 2024, the day all the PP shares listed..

.... Net Profit (TTM) -109.94M, NTA 0.022, Net Cash (RM) -323.38M

A very good company, fundamentally.. He He He

The PP shares has been set up @ 8 sen. Monitor the price movement before they do the PP.

Resolve the PN17 issue, and I think it could be pushed to the higher price...

Happy Raya Puasa
to OKU_2020 and fellow Kangerian

Keep monitoring. Buy low, sell high. Accumulating. He He he

Mark MY words...
Berdasarkan sedikit pengalaman saya,,,, BPuri juga akan ikut seperti sejarah kebanyakan syarikat lain yang mengadakan share consolidation..... Kalau tidak kenapa insider lari hanya pada harga 4 sen???

BPuri is preparing to do share consolidation.....
In my experiences @Kanger, Trive and Nexgram, before consolidation, the price will drop a lot from the indicative price made in the proposal. BPuri lowest price 2.5 sen...)

HISTORY WILL REPEAT ITSELF...

8 SEN IS EXPENSIVE

5 SEN IS MODERATELY EXPENSIVE

What is my justification??
A director sold 20,000,000 of shares just @5 sen.
In addition Maju Offshore sold 100,000,000 shares @4 sen only.
NTA is merely @ 2.2 sen only.
Four years in losses..

The right price before consolidation I expect only around 2.5 sen to 4.5 sen sahaja.

The price is stabilising @5.5 sen - 6.5 sen.

Wait for them to goreng... Maybe the probable causes are:

1. QR announcement at the end of this month (As expected, the latest QR show us a better result), or

2. Company intention to set the price of shares for their proposed PP (for this cause, the time is nearer as the BURSA already resolved to approve the listing of and quotation for up to 180,306,505 new Kanger Shares to be issued pursuant to the Proposed Private Placement, subject to some conditions to be followed by Kanger, and the illustrative issue price of the Placement Shares is assumed at RM0.055 per Placement Share), or

3. Any other positive development..

@Noobie123..
Without hope, we are dying... He He He

Yes... Bought in some..

The risks has been calculated. The nature of the company already known. My past experiences at this company been tolerated.

The reality - My reinvestment in Kanger shares and warrants was done in conscience and have a belief that it was improved and has a potential to give me a profit in a near future ..

Macam mana pun.... At the end... TAYOR

fl888
…now PP at 5.5cts to develop Ijok
------

5.5 cents is just their ilustrative price... stated in their proposal.
As I said, actually it depend on management / insiders to set the PP issue price.... At below 5.5 sen, at 5.5 sen or higher than 5.5 sen. We will see it later.... TAYOR

Land = GDV – ((Construction + Fees) + Profit)
8.5 mil = 46 mil - ( (36 mil) + 1.5 mil)
Yes, by theory the profit margin is too slim.

But, the GDV calculated based on current property sales price and recent transaction in the area. The construction is envisaged to commence during the first quarter of 2025 after obtaining the approved development order for the commercial components of the Lands. The project also will take times to a completion.

Hope that at the time of project completion, the said properties valuation could increase and the company can sell it with a better price and with a better margin. TAYOR

@Peace99.

Answer for question no. 1:
They announced the land acquisition of the lands.

Refer: OTHERS Kanger International Berhad ("Kanger" or "Company") and its subsidiary companies ("Group") - Proposed Acquisition of Properties by the Company
via https://www.malaysiastock.biz/Company-Announcement.aspx?id=1253264

Answer for question no. 2:

As specified in the company announcement, the contruction cost will be RM36 mil.
I think it's not include the acquisition cost of the lands.

If we refer to the meaning of construction cost, it stated that: "Construction costs (sometimes called “hard costs”) are costs associated with the contractor and anything the contractor purchases. In other words, these are the costs of labor and materials."

Furthermore if we read the company report, it stated that:
---- the total estimated all-in construction cost for the Ijok Development is envisaged to amount to approximately RM36.00 million. The building and infrastructure works mainly comprise of 14 units of 2-storey semi-detached shop, a 2-storey office, an electrical substation (double chamber) and sewage treatment plant, with an estimated built up area of approximately 95,000 square feet. The cost amounting to approximately RM36.00 million is inclusive of incidental expenses to be incurred with the building and infrastructure works such as professional consultancy fees for project planning, submission fees to authorities, as well as contingency costs to cater for fluctuations in construction material costs, overtime costs, and/ or costs due to variation in building plan design and architectural layout, civil, structural and mechanical and electrical works.

@Konnichiwa. Sorry. Yes the AGM and EGM will be held on 26 March.

I have a plan to add some if the price is below 5.5 sen but I think the price won't revisited 3 - 3.5 sen again in the near future, especially before the completion of the proposed PP. TAYOR..

The risks has been calculated. The nature of the company already known. My past experiences at this company been tolerated.

The reality - My reinvesting in Kanger shares and warrants was done in conscience and have a belief that it was improved and has a potential to give me a profit in a near future ..

Macam mana pun.... At the end... TAYOR

@roger3210

----
...15 sen or lower... Are you targeting this prices... psttt psttt jangan menggila di sini..

4 days ago

Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.

If aneka really a junk.... roger3210 won't bother be here... Goncang pokok untuk dapat buah luruh... That's roger3210 style...

...15 sen or lower... Are you targeting this prices... psttt psttt jangan menggila di sini..

pstt!!! psttt!. Orang gila talak sedang meroyan di sini.. Awas nanti berjangkit.. He He He

Revenue increase by RM13.3 million in current financial quarter ended 31 December 2023 (“Q1 2024”) as compared to the corresponding quarter ended 31 December 2022 (“Q3 2023”) which was mainly due to significantly increase in the sales generate from trading of building materials. This segment has also contributed a higher profit margin and gives rise to gross profit recorded in Q1 2024 as compare to gross loss in Q3 2023.

3. The Group recorded a positive net operating cash flow of RM31.3 million during the financial period under review.
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This cash flow thing also a good sign of a recovery story on Kanger..... Hope the company will be better managed...

@roger3210

Please read:

1. Price Target
Econpile Holdings - Continues to Endure Hardships; Stay SELL
Source : RHB-OSK, Price Call : SELL, Price Target : 0.29
Last Price : 0.345, Upside/Downside : -0.055(15.94%)

2. Quarter Result: EconBHD
Quarter Result on 31-Dec-2023[#2] QoQ - -216.98% YoY - -518.84%.

Keep monitoring....

Lee Ying Yee

pp will kill u ??
------
Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.

For illustrative purpose only, the illustrative issue price of the Placement Shares is
assumed at RM0.055 per Placement Share, which represents a discount of 9.98% to
the 5-day VWAP of Kanger Shares up to and including the LPD of RM0.0611 per
Share.

Apasal. tak sempat beli kah bila harga murah??? He He He

@roger3210..
Isteri sudah cerai... Awak masih terhegeh-hegeh "merayu" kalau boleh dapat diskaun??? He He He

Q1 Dec 23 Revenue RM20,691,000 PBT RM647,000 Net profit (loss) (RM382,000) EPS (positive) 0.06 sen NTA RM0.452 QoQ -114% YoY +82%

roger3210

bullish for construction co but not for junk company like Aneka ! Believe it or not, Econbhd 100% benefit from those mega projects but definitely not this junk, Ptaras may also get a slice of the cake. forget about this junk
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@roger3210...
Do you read these:

1. Price Target
Econpile Holdings - Continues to Endure Hardships; Stay SELL
Source : RHB-OSK, Price Call : SELL, Price Target : 0.29
Last Price : 0.345, Upside/Downside : -0.055(15.94%)

2. Quarter Result: EconBHD
Quarter Result on 31-Dec-2023[#2] QoQ - -216.98% YoY - -518.84%.

@roger3210...
Do you read these:

1. Price Target
Econpile Holdings - Continues to Endure Hardships; Stay SELL
Source : RHB-OSK, Price Call : SELL, Price Target : 0.29
Last Price : 0.345, Upside/Downside : -0.055(15.94%)

2. Quarter Result: EconBHD
Quarter Result on 31-Dec-2023[#2] QoQ - -216.98% YoY - -518.84%.

Thank you OKU_2020.

Already reentered some mother and warrant at 55% reduced quantity compared to last time. I'm wiling to hold it for medium-term investment..
Wish me good luck, OKU_2020...

Main saham ni, kena banyak sabar... Termasuk sabar dengan orang yang macam OKU_2020...

Potong kepala "gu gu" OKU_2020????
Eloklah, memang goyang-goyang pon dan dah pun!!! He He He

Q4 Dec 23 Revenue RM 15,940,000 Profit before tax RM 4,147,000 Net profit RM 44,000 EPS 0.01 sen NTA 44 sen Performance Quarter on Quarter Down 96% Year on Year Up 100%

Loss before tax -12,429,000 Net loss -15,170,000 NTA 2.2 sen (drop from 2.7 sen).

Saya cakap dah, memang dah nak PN17 ini counter......

@roger3210...
You are spamming this counter and promoting Econbhd, not just for his/her intention to promote Econbhad... His/her intention in naysaying Aneka is to dampen the price of Aneka.... down to his low entry price objectives....

He/She is AN OPPURTUNIST SPAMMER here....

So. Don't bother his/her spam..

I won't bother your favourite counter, EconBhd.. If its realy good, just promote there, at its thread. Jangan suka jadi orang gila talak.

Isteri sudah cerai... Awak masih terhegeh-hegeh "merayu" kalau boleh dapat diskaun??? He He He

@rogers3210. Let the market determines the future price of Aneka share price.

You're free to wait for your lowered price to enter.
Don't spill your beans here!!!! Its a bad smell from your ROTTEN HEART!!!!

blackmamba87

Tomorrow we can see the shares going up?
----------
Let the market determine it....
For me, at least the latest two quarterly reports showed the improved prospect of the company... in terms of revenue and profitability... Thanks to the contribution of their sale / trading of bulding materials section. TAYOR