The management gives you the standard con job statement about the positive outlook and able to enhance value to shareholders, what a joke....Lol they did even bother changing it every quarter.

Another set of miserable results. I think the management are conning the minority shareholders. How they even reach the 3.75 profit guarantee?

Let wait and see.
120 days deadline ends 31 August.
There could be possible upside then .....

If you look at it carefully. The vendor and the private placees are all titijaya shareholders.
Maybe titijaya might need a construction arm for their projects. So this idiot CEO wants to pull a fast one at the shareholders expense. Pay 45 million for a construction company in exchange for all future construction projects of titijaya.
At the same time get back his investment via 20 mil cash plus 10% holdings as a bonus.
I will be surprised if bursa approves as it will open up to lawsuits as there are elements of fraudulent misrepresentation in the circulars to shareholders.
Let see how it transpire.
Let titijaya has a hostile takeover and this CEO sell off his stake to them. How long can Michael holds his stake at this rock bottom price.
Its now a pariah of bursa because of this deal.
This is why there is a lop sided valuation of Ecobuilt and RCSB. Practically gifting the company to Titijaya.
The IB should be sued

There is definitely double counting involved here. How can bursa and SC approve this? Investors are deliberately deceived tantamount to fraud. How can both companies can ownership to the work order of 157 mil from the same project?

It either Ecobuilt 450 minus 157 work order or RCSB claim 30 mil work order. How come investment bank don't know how to do the math?

What do you get for 45 million?

Meanwhile MB world buy a property developer for 7 mil which comes with 7 acres of land. That's reasonable

But RCSB gearing ratio is supposed to be 0.03

The other are tail end and not going to contribute much....

There is hardly any work order increase bought in by RCSB

I think more investors need to be aware. Both companies is in the same business and same project too. The 187 mil to be bought in by RCSB includes 157 mil ppam project of which Ecobuilt subcontract to RCSB.
Hence RCSB is bringing in order book mainly subcontracted to them by Ecobuilt. Ecobuilt was awarded the 202 million project on the day.
Would that be intentionally fraudulent to mislead investors?
Isn't that double counting?

They can't even private place last year. What's the difference this year? Notice the proposed private recipients are also shareholders of titijaya

I noticed the misleading information Luke mention. It's outright fraud? How careless or deliberate?

I will definitely be contacting the SC and bursa

How can payment to UOB be made from retained profits? Retained profits is only distributable to shareholders via bonus dividends and capital payback

The proposal is really full of holes. Its valued highly because 3 years consecutive profit ranging 1 to 2 million but Ecobuilt valuation is given a 6 cents market price discount. Ecobuilt has profitable for many years.
Just because a profit guarantee of 3.75 mil per year,its valued 12 times profit guarantee.
What kind of investment bankers are these?
This is similar scam that is being trial by the courts now.
If they intend to inject any tangible assets, it should stated in the proposal.
The accounts of RCSB is not included. What constitute the 4.5 million asset?
Purposely hidden?

No power

Might be contract win plus rights...1 for 1 at 0.20 cents

See who run faster....

Bad news coming soon...beware

Earnings should improved this coming QR at month end, plus stronger in July onwards

Prefer Ecohold. Same biz model but less capital. New projects in hand. Good earnings visibility

Another dufu potential

Bought some at 37. Think it's near bottom

Partner with Arank

Cup and handle...

Try some at 38.5. Historical low. QR might be positive. Not much downside

BREAKOUT anytime sOOn

So much news on Jaks. Syndicate planning to crash this share?

Usual 3 cents dividends. Yield at 5% at this price

Ecobuilt packaging to be injected?He paid 57 cents for controlling interest

Hopefully MA exercise in tomorrow's announcement

Seriously this is the recommendation to buy....water thin

Expected annual Eps only 4 to 5 cents, doomed to be range bound until a new contract cometh

Potential Eps 26. Final dividends 10 to 13 cents?

Manipulated for accumulation. Crack spread is over 10 now

Wonder what's the reason for add on for treasury shares when they flood the market with esos shares. Should pay dividends instead

Wonder who is selling when owner and pension funds are buying....

PH will probably dismantle this monopoly....unfair competition

No need to rush, let the dust settles...see if anything is left...Lol

Don't forget margin calls...

Hello, proposed dividends 43.5 cents, what's he talking about cannot give 2 cents dividends.
Look at cme future, since when is the crack spread usd4?
He is biasly putting down HY. He is a shorties or need to buy cheap?

Aluminium still at 2200

No dividends?

Nobody interested in this counter. Property exposure high...

Now we can be small pdt everyday, we join them to shortfall...lol

BREAKOUT soon. Surprisingly so liquid

3 cents out of 29 cents Is substantial. Must be something good, after all his accumulation of shares

Read closely, damage is 30 million. Net off your average 100++million profit is quite a sum,not going to have good profits Q1 and Q2

500mil reserves...Possibility of bonus

Up and down so fast, looks like cashing out. I better run after lunch

Operator skillful. One swoop downwards shake off the weak holders. Strong volume of 13 million. Uptrend intact..
Good closing
DJ jump is a bonus