By mother seems reasonable, ie. almost same as subscribing to RI, at this low price.

danchong, thank you for great update! Haven't been following closely cos confident with Ptrans. Think the recent covid news drive market down again. But logistic should be in demand, so good to have such revenue stream from logistics!

It's down now may be due to recent news on covid cases going up especially in Europe....

bojed, great....think you are chart based, so can be helpful for a balanced view....

danchong, care to share what the announcement might be? Anyway I bought more....can't stand it when Ptrans falls below 70.5, haha

bojed, thanks. Consider joining Ptrans again in future....you know it will go up long term!

bojed, so my typo ( 10-15% by next year) turned out to be true for you! Congrats. Good that you're still holding warrants, meaning you believe likely will be above 75sen before maturity.....Based on last year's WA experience, the price went up around the time of maturity.
Happy investing/trading!

I think those of us who subscribed to WA last year and paid equivalent of 70.5sen are unlikely to sell at this price. Maybe it explains why short sell queues? Today ending with 0.68?

Whistlebower, I gave my reasons for subscribing. You can check whether those statements like values of contracts, some initial profits from oil bunkering are true or not. buy or sell is individual's responsibility. You mentioned Kanger, I still hold the shares. You should mentioned also Scope, you can check I also gave reasons why I subscribed at 20+ sen.

Will subscribe....they have contracts totalling over 4 billions

https://www.enanyang.my/node/443827

But you know with all the nice jobs company doing, new integrated terminals, potential mining business, it highly likely uptrend long term, so I just buy and keep, no need to worry so much :)

Haha, typo....in a year I meant!

Yeah, the new oil bunkering is already making profit, not much, but hey they're just starting out

Several months ago when SCOPE was 20+sen, I (not the only one of course) wrote quite a few comments on why it makes sense to go for the RI! My thinking was let's just huat together!! Now am holding it still, just relaxing.....Now I think the same might be true for Fast Energy RI...pls check it out and share your findings there. Tq

Taking the fully settled sale into consideration...tq

Can someone explain the QR, taking the fully received RM6.1mil proceeds from selling a subsidiary off?

Seems that still not many realise the price now is cheap. Those who converted WA, they paid at least 0.705, more if the warrants were not free. As we can expect profit to go up from now, the dividend should go up too. Looking forward to something like 10-15% gain by next year!

Please take a look at the comments at AEM7146. You can see for yourself the kind of comments there, who give so strongly negative views and on 19Nov, AEM received a 50 million contract.

I can wait 3 years then see how....bye

Hahaha, unbelievable....but it gets its first ~50mil contract after RI already.....so how?

Thanks for update! Yes, good news!

This one from Fintec is the first one,
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3210918

There are supposed to be two more: GRubber and PNB.
I commented a lot here in July and August because I thought these info very important.
Now, I relax and just waiting for these EPCC contracts to give good QR and hopefully dividends :)
Just be patient, i think company needs time to implement plans.

Besides MZM2511 several of us also provided accurate published facts and numbers, eg. Average cost per share was ~ 7.7sen, major share holders paid ~6sen or equivalent, and so on....pls refer back the postings and headlines. Based on those evidence, I think Kanger is not a con company, and has good potential. Just hope ppl don't simply sell off their shares at big loss due to misinformation. I stay invested in Kanger.

Yes, we need to be aware of such conmen!

I think price now is good bargain. Remember to convert WA to mother was .235 then consolidation 3 to 1, so .705 already. Taking the average TP= 1.03, I won't sell at the price now. Something like .78 will consider if I need cash, haha

https://www.enanyang.my/node/442791
Hospital at UTAR, more passengers for Ptrans!

Great! Assuming just 10% profit from the contracts, that's already over 400mil!

Dividend received today, plan to use it to top up more!

Correct me if I missed key points!

@koxkox, thanks for the helpful write up below:
https://klse.i3investor.com/blogs/JBLwithkoxkox/2021-11-17-story-h1593872124-What_investors_should_know_about_FAST_KLSE_0084_beyond_rights_issue.jsp

@Justinwee, good points!

Just want to add that the contracts worth over RM 4 billion to supply bunker fuel is based on "future" fuel price, so this means there is not much risk due to fuel price movements!

See for example:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3163788

Abstract from announcement: "....The price of the Products shall be based on the average price per metric tonne as reported by S&P
Global Platts in Singapore (Mean of Platts Singapore), plus an agreed premium throughout the
Contract Period effective for the relevant shipment of the Products on the weighted moving
average for each month (inclusive of the first and last day of the month)."

So it's puzzle to me why with such good prospects the share price is so low? I think it's a good time to buy & join the group!!

danchong, thank you for many helpful updates! Same to others who have been sharing helpful info!

https://www.enanyang.my/node/442659

No regret holding this counter since last year for dividend, but looks like it will be more than that!

The average TP given by Public Bank, Kenanga and AmInvest dated 17 Nov is RM 1.03! And 1.03/0.68=151%,lots of room to go!

Its profits should be going up, and so the dividend. At current rate it's already 4.85%(.825*4/68)

Thanks to both of you! raising doubt and providing clarification, helpful info to the rest of us.

I sold Lambo last year, not looking back. Not selling Kanger, haha

@JKPTR, I think JK22 has a point....is Lambo and Kanger comparable? Lambo failing means Kanger also no hope? From publicly available info, I'm still hopeful it will go the way of Ptrans. Of course, no guarantee, haha

If right issue, I want to support... it's for good reason! Ya, let small investors enjoy the discount mah!

Dividend up! from .8 to .825sen

EPF and KWAP may be taking up AxiReit PP. They are already major shareholders. EPF also bought into Ptrans after consolidation. Is it not possible for this to happen to Kanger after consolidation?

So far no panic selling following consolidation news....what it means? To me, it's a good sign. Ptrans upon consolidation went up, and then down and then stable now at about 70 Sen.

Dividend should be announced soon

Be_Greedy, what I said about Ptrans was based on fact. Can check the ARs, I just cut and paste from the AR the names of the funds

A few weeks ago, I did mention that consolidation might not be a bad thing and cited the example of Ptrans which consolidated 3 to 1 in Jan 2021. If you compare the 30 largest share holders in Ptrans' 2020AR and 2021AR you will see some funds have bought into Ptrans after the share consolidation. For example:
CIMB Commerce Trustee Berhad – Kenanga Growth Fund 1.796%
CIMB Commerce Trustee Berhad for Maybank Malaysia Smallcap Fund 1.533%
CIMB Commerce Trustee Berhad for Kenanga Growth Opportunities Fund (50154 TR01) 1.153%
CIMB Commerce Trustee Berhad for Kenanga Shariah Growth Opportunities Fund
(50156 TR01) 1.068%
Malacca Equity Nominees (Tempatan) Sdn Bhd
• Exempt An for Phillip Capital Management Sdn Bhd (EPF) 2.568%

Ptrans share price did not fall flat after consolidation. So far I'm quite happy with its performance.
Yeah, I can't see why the bosses of Kanger want to do a consolidation exercise if it will cost them losing millions! Remember that they got most of their shares at 6 sens.

Just my sincere observations. Hope we will still be rewarded, based on the many positive undertakings by Kanger which should bear fruits when the time is right.

Bought more, I like Uncle Don...think it will bounce back

Good, steel up 2.4%..inching back up everyday?

Don't know much about bcmall, but I was not convinced by its high cost of developing the apps and website. On the other hand, Kanger gets like 20% discount for the Genting Apartments, not to mention various other ongoing or waiting in line ventures!

Masteel price a bit too low?

Steel future also up some yesterday....