'Impossible is nothing'

RM 1.80 - going to Main Board

Not bad...leh..boleh tahan

nON-STOP BUYING.....again

Suppose to sign by 31/8/13, Hari Merdeka

From earlier posting by williamt9108 and appeared in newspaper:-

In 2010, Nagendran disposed of his 19% stake in Perisai to HCM Logistic Ltd, a subsidiary of Singapore-listed Ezra Holdings Ltd.

Nagendran is known to be a savvy investor and an oil and gas heavyweight. He also reportedly holds a stake in South-East Asia’s first special purpose acquisition company - Hibiscus Petroleum Bhd.

Whether or not he eventually emerges in Flonic, it is no surprise that questions are already being raised as to whether or not Flonic could potentially tap and diversify into the oil and gas industry.

Could be O&G backup cleaning/maintenance services?

Dato Lee Chong Wei = Don't Let China Win

No extreme ill intent, no tinge of extreme bad taste,no disrespect and nothing to be ashamed. Just 'releasing tension' after a frustrating game. I'm sure all of us enjoy watching but the ending was as just as hair grabbing as the olympic final. Few of us are here in the coffee shop watching live action and there are still manymany more comments all said in good spirits of get togetherness.

LCW = Let China Win

kalah 21-16,13-21, 17-20, injury

Kalah lagi

SELAMAT HARI RAYA & DRIVE SAFETLY

Vol suddenly up.................

Kaunter MUDA ini pasti berJAYA

Went through Flonic's announcements:-

1. Flonic circular dated 8/2/13 on purchase of Jiwa Holdings:-
a) To purchase 30% (300,000 shares) for RM 3.75m.
b) One year option to purchase addition 21% at same rate.
c) Jiwa Holdings has a 40% subsidiary Jiwa M&E.
d) PAT guarantee of not less RM 2.9m for year ending 30/9/13 to
shareholders of Jiwa Holdings

2. Flonic’s circular dated 3/7/13 on par value reduction process:-
a) Par value reduction will wipe out the accumulated losses.
b) Reduction still needs court approval - target mid August.
Completion scheduled end August 2013
c) Jiwa Holdings has a ‘M&E clean up program’ for 7-11 stores in
K.Lumpur with remaining project value of RM 4 million from Aug
to Dec 2013.
I presume here that this 7-11 clean up program is undertaken by
Jiwa M&E, a 40% subsidiary of Jiwa Holdings which is a 30%
subsidiary of Flonic.

3. Flonic’s announcement dated 23/7/13:-

a) Jiwa M&E has a 3 year ‘maintenance service agreement’ with 7-11
from 1/6/13 till 31/5/2016 with option for another 3 yrs.
b) Fee is RM 800 per month for each store that has been certified
‘Integrated Maintenance Compatible.’
c) Flonic’s announcement to Bursa did not say no. of stores.
Other news report state ‘1,100 stores belonging to VT’s
Berjaya.’

4. From the above, my comments/questions are:-

a) How many 7-11 stores have been and are to be certified
‘Integrated Maintenance Compatible’? Can’t be all the 1100+
stores, all over the country – it will be a logistic nightmare
to undertake the monthly maintenance works. Imagine the no. of
branch/regional offices that Jiwa M&E would need to have in
Penang, JB, Kuantan etc etc.
b) The 3/7/13 announcement mentioned an existing M&E Clean Up
Program with remaining project value of RM 4m for 7-11 stores in
Kuala Lumpur which I presumed is by Jiwa M&E.
So likely, the 23/7/13 agreement refers currently at best to 7
-11 stores in central region first
c) The no. of 7-11 stores involved would not be many 100+, 200+,
300+? Only.
d) Flonic’s stake in Jiwa Holdings is 30%. Jiwa Holding’s stake in
Jiwa M&E is 40%. – value wise, this 7-11 deal is not much to
Flonic but at least somethinglah.
e) Remember – the par value reduction will wipe out accumulated
losses and currently, Flonic has zero gearing. This will be
attractive to any ‘new investor’.
f) However, the par value reduction will have to be completed
first….............end August.

LCHING...currency gain or loss depend on the foreign investor. I know a S'porean friend who bought land near Tg Pelepas/Nusajaya cheap2 many2 years back and now intends to develop it and is open to joint venture. To him, if he sells it, he gains capital appreciation in RM but if converted to Sing dollar, he may lose cos the Sing dollar has appreciated a lot. Thus he has to continue 'parking' his investment here.

Ringgit drop may be good for local property counters esp in Iskandar region.

I cuti offline 2 hari - semua turun.

No, today is trading and quoted as ex-dividend, not as cum-dividend.

Some 2 years ago, when I had this share, no volume, stable at 0.23-0.25cts,back then it was known as FBO, Furqan Business Organisation.

RANHILL = RANdowntheHILL

Yeaaaaaap..slow and steady, coming reports will say it has FLOwnsupersoNIC.

Slow and steady better..otherwise UMA.

Yeap, good news;;;;...would hav been better with better translation.

Checked 7-11's website - have 1450 stores nationwide as at June 13 - wonder how are they going to have their people all over to do cleaning.
Thks 'kittykat'.

Curious, curious - how many 7-11 stores do they have to clean?

Honda...The Power Of Dreams

Keep holding Magnum and buy MPHBCap.

Ha HA, anyway, just bcos of this forum and you guys/gals, am learning bit by bit about CSL. Good luck to you all. Still holding on to my QL, Boilermech, Masteel, Flonic, LBS, Magnm and just bought Parkson. Unfortunately, sold MPHBCap.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?category=all&sub_category=all&alphabetical=All&company=5231

Look for Pelikan's announcement, not CSL

Disposal of 1,313,400 shares (0.26%) by China Stationery Limited through Bursa Malaysia Securities Berhad. - they disposed Pelikan's shares on 22/7 and 23/7. Check the announcement.

Hope u can accept if they announce 2mrw new cleaning contract for Tan Chong's vehicles, showrooms etc.

Anyway, the AGM and EGM is tomorrow morning 10.30am - lets see what the news on this counter - cleaning, hi-tech, lab, store, meat,forest etc etc zzzzzzzzzz

Yeap, future laboratories will need regular maintenance and cleaning...gee, I am beginning to really like Flonic's cleaning business

TP 4.55 (outperform) CIMB Resaerch http://www.theedgemalaysia.com/personal-finance/246851-brokers-digest-local-equities.html

That's the defination of growth - from toilet to store to office, up up all the way, recurring income....err, better than cow?

Buy sell properties is good, with lots of apartments, offices, condo etc, cleaning service can be good business prospect....better than cows?

Hope they don't go into new business of rearing animals and buy condo

Wolf wolf

Any news out there? Some 10% of shares have been traded off market lately & trad vol has been increasing.

http://www.theedgemalaysia.com/business-news/245847-poised-for-stronger-growth.html

TP RM 4.05 Hwang DBS Vickers Research July 15 2013.Has a 39.2% stake in Boilermech.

Owners have been disposing their shares for some time - mabye something's brewing.

Yes...boiling with QL. Mother going up together with son.

QL's controls Boilermech - also a good growth stock