Further, it's Theta we are talking about...to come out with a standalone system different from others. Even the public like us will be worried. Will the Govt take the risk in the name of innovation?

Putting aside DNEX or Theta...I would prefer a tried and tested product especially for Border Control. The last thing you want is a standout system that fails. There are other opportunities to showcase Msia's innovations and talents, if any

It is no coincidence that Redtone is entering Theta at this time. So if you are for DNEX, the Vincent Tan+Agong connection makes Theta greater competition - add in Tabung Haji as major shareholder

The main difference is Theta is coming out w its own border control system, whereas DNEX is using a system currently in use by many countries

So DNEX has a standard product, tried and tested over time

Theta is developing its own system and made it cheaper

To keep the costs low, Theta has is hiring from Heitech, for those who know the current system myIMMS which was established in 1993. Their proposal is to upgrade from there

The Edge reported that another meeting for NIISE took place late last week

DNEX's bid is standing at 1.1-1.2B

Theta's bid is 800M

Apparently insiders cannot say which way it's going. They can only say an announcement will be made soon

Reference is made to the Company’s announcements dated 27 October 2023 and 27 May 2024 in relation to the execution of a binding heads of merger agreement between the Company and Knusford to explore and negotiate the Proposed Knusford-ECSB Merger (“Announcements”). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcements.

The Company wishes to announce that the Parties have mutually agreed for a further extension of 6 months commencing from 28 July 2024 to 27 January 2025, to grant more time for the Parties to assess, evaluate and deliberate the Proposed Knusford-ECSB Merger in detail and to discuss and negotiate on the terms of the Definitive Agreement between the Parties.

This announcement is dated 26 July 2024.

Reference is made to the Company’s announcements dated 27 October 2023 and 27 May 2024 in relation to the execution of a binding heads of merger agreement between the Company and Knusford to explore and negotiate the Proposed Knusford-ECSB Merger (“Announcements”). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcements.

The Company wishes to announce that the Parties have mutually agreed for a further extension of 6 months commencing from 28 July 2024 to 27 January 2025, to grant more time for the Parties to assess, evaluate and deliberate the Proposed Knusford-ECSB Merger in detail and to discuss and negotiate on the terms of the Definitive Agreement between the Parties.

This announcement is dated 26 July 2024.

Reference is made to the Company’s announcement dated 27 October 2023 and 27 May 2024 in relation to the execution of a binding heads of merger agreement in relation to the proposed merger of the construction and construction-related businesses of Ekovest and Knusford via the proposed disposal by Ekovest of its entire equity interest in Ekovest Construction Sdn Bhd to Knusford (“Proposed Knusford-ECSB Merger”) (“Announcement”). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcement.

Everything is pointing to imminent rebound hmm. Bit too obvious. Anthing pointing otherwise?

The risk/reward proposition is really pretty good. Unfortunately I too have finshed up quota given DNEX's sudden collapse...how bad can Ekovest be? 43c? 38c? If it's 38c you just lock it up and wait. Construction theme is a major trend that one can take a risk and ride w it, no worries bor. On the flip side if LKH gets his way, this will be his flagship, can go v high la

Before/after the May extension to 27/7, there's really not much movement. Flattish price in low volume.

43c when all other construction stocks ran away. And this one has some links to Johor royalty and the exercise involves one of the largest iskandar landowner..wow.

43 cents have been repeatedly tested. It works until it breaks. So 43 if any is entry not exit point...

Hibiscus is up 4%+ after the PSC announcement. DNEX just made a similar announcement. Details sparse.

Momentum weak, doesnt look like it can go up today.

Fundamentals weak, catalyst all pending, make life difficult for us la this counter. Testing patience. Hopefully w Silterra turnaround we can finally ride with a lasting uptrend.

It's testing patience that's it...it can come down more and it isn't that scary because while fundamentally weak, fundamentals is there for all to see

Underestimated/ forgotten the power of call warrants 😅

DNEX-C26 2024-07-29 0.42
DNEX-C25 2024-08-30 0.42

👆👆👆 is absolutely right

So ended up buying instead of selling. Well, lots of luck needed or else sure kena trap

By right...breaking down to this level one should sell first. Saving grace, this is a low volume break down after an extended period of steps down in equally low volume

I think LKH will proceed once he has the shares. From Sep'23 postpone2 is because he doesnt have enough to push through the proposals

That will come, after they have the votes, complete the proposal and merged into Mega Ekovest 😆

@anson, cannot, then it is a real uptrend and more people will buy, and they will have less shares to push through LKH x 4 proposals

@anson, force people to sell lor, eg:




Boringguy

https://www.propertyguru.com.my/property-news/2017/7/156581/ekovest-launches-gombak-river-project

Just finish yamcha with my friend.. all of them already sold their holding at 0.51 yesterday and their average price 0.47... my friend feel uncomfortable with the recently new on the river of life... too risky to hold...refer to upper new.. if the river of life project fail or ekovest drop from pdp.. not sure the land swap need to give back or what?..one more things is coming 27 July is they go ahead they also need get approved from AGM correct? not sure my friend source correct or not.. some of the shareholder not agreed on the propose and not easy to get approved...anyone got news on it ?

17 hours ago

Bursa's cheapest stock remains just that, it's still the cheapest stock hehe

I still think it's about control. It took real money to pump it up, and then flush it down. Can't really see how syndicates profited from it. But can see how more shares flowed into their hands. Don't forget LKH previously proposed for Eko to takeover IWC properties but failed the vote. This round proposal is not mcuh different, does he have the votes?

U guys really think LKH will call off his proposals? He is getting quite old already, does he intend to carry his proposal to the grave without realising it. That'd be sad

Buying more at .415, not waiting for .380 la. But I often err on buying too soon and also selling too soon 😂

Recall that pre MMC takeover, pre announcement, post announcement and days before the final vote, they were still flushing it up and down - more volatile than Ekovest when takeover deadline was just days away!

When the objective is to have enough shares to control the votes, it is different from syndicates profiteering. They may lose money in the process for a longer term gain. Of coz it's best to make some money too hence the flushing up and down

The previous extension + the way the syndicates are washing up and down suggests they do not yet have enough shares, but maybe they are close

@Albukhary, Ekovest taking Knusford shares at 2.40 (when it's now 80 cents) is a poor deal for Ekovest shareholders. Grounds to object. To push it through u need either of 2 things 1) push Knusford up to 2.40 or 2) have enough shares

Albukhary

@Johnchew123, give me 1 reason for each compony why merger should be terminated?

1) If you are Ekovest shareholder, why you against the merger?
2) If you are IWCITY shareholder, why you against the merger?
3) If you are Knusford shareholder, why you against the merger?

6 hours ago

Not true John, 27th May announcement extension from 28th May to 27th July, so 1 day

Finally the level of comments here is proportionate to the counter's volume. Btw Welcome Cindy Kate, hope u do better for everyone

My US account can insert stop loss points automatically...which is sometimes good sometimes very bad lol. Any Bursa account can do that

Surge day closed at 0.435. Today's close suggests still trending, wait and see. Of coz, wait and then it falls it'll be hard to run without taking a hit

Who push it to 0.840, you dom? Don't need la let it come when it comes. Small volume moves dont matter now it seems

Agree w rr88, Theta is pretty weak.

Congrats to brave souls today who made money. This money hard to make, I don't have the guys for it

有惊无险又一天。
还有二天

As it alwaysssss happens, the one still holding fall the most those sold would have been better off 🤣

0.425 no match yet, possible match possible abrupt fall to 40 who knows. Who is selling? Don't be shy to say. Or is the syndicate themselves maintaining the price and volume at this level only

This is one of the least scary speculative counter. Only regret is I was blinded my corporate exercise...otherwise now laughing to the bank and buying back more. Gamuda I sell, MRCB I sell, AQRS I sell, this one I sold less cos waiting for corporate exercise. So play this counter is ok de, just sell high buy low lol dont care about whatever newsflow

Ooooooooooo 0.430 all matched. Scary right. But this is a classic setup for rebound, I try.

Your guess is as good as mine lol. Just wondering why they didn't push it down to 46c and show everyone support lines all broken. Too costly maybe? It's holding nicely around 200MA now

This is the perfect setup for a break out surge, buy

@anson higher 😆

bro anson, this round, if it turns around, probably gearing up for >>> 60

I would opt to take a ride with it, buying half now, and gear up buy more if it touches 45. Trusting downside limited...no cut-loss, prepared to be trapped if that's the game damn 🤣

Too early to tell...nothing in market is certain. If it closes up today in large volume at day end - then it's very obvious this was a flush for a much larger move. Uber bullish

And then the flush out took place in a very short time late afternoon. Totally giving a scare effect if that was the intention

We sort of know Ekovest. Deep value is true. LKH is very well connected. So unlikely got MACC case or the likes of it. And importantly if there is indeed bad news this should be the price. 47c is not that low