the biggest question now is, who own PDZ?

see the attachment... they denied all the speculation

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3068210

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5748885

got stop for trading meh?

From HY Report:
The Company has changed its functional currency from RM to USD with effect from 1 January 2017 following the refinancing of the Company's borrowings to entirely USD denominated loans

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5705361

:(

STRUCTURED WARRANTS ANNOUNCEMENT
KENANGA INVESTMENT BANK BERHAD ("KIBB")PROPOSED FURTHER ISSUE OF UP TO
50,000,000 EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER
THE ORDINARY SHARES OF HENGYUAN REFINING COMPANY BERHAD (''HENGYUAN")
("HENGYUAN-CM")

guess u board the same boat....
dont know who had so much ticket to throw at 330.... everytime someone collect, they throw 100k unit again

It might be a good news, however if the company does not submit the quarter report today, it will be suspend from trading tomorrow.

FR out yesterday:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4782989

sorry is SC not EC lol... Security Commission lol

Cool down guys.... many more step to go before sumatec can go further....

1. wait till RI submit to EC,
2. then wait EC approve.
3. Then wait EGM,
4. then wait EGM approval on RI

the above 4step will take min 4month

RM5900 is before EPF, SOCSO & PCB... nett salary :(

Megalink belongs to who?

http://www.thestar.com.my/Business/Business-News/2014/09/03/Halim-set-to-raise-stake-in-Sumatec-to-32/

This just the beginning of TSHS game... Sumatec is his stepping stone for the come back...

You should read into CN Asia MOU with KenMakmore as well...

Then you will get a bigger picture of what he is planning to do...

i as a long term investor start to feel uneasy with Looiks comment lol

i believe suma will only post around RM7mil +/- profit this quarter... but good enough for me... how about u guys?

rich 559 counter drop. klci drop 10point..
Suma is for long term...my defination of long term is more then 1 year... dont play play at the train station.. is dangerous

sssshhhh........ cont to sleep........

I know...

EPS 0.76 per share. current share price 0.27per share.

herm... so tomolo hitting price ceiling of 570?

KUALA LUMPUR (Aug 19): Accounting software developer IFCA MSC Bhd reported its highest quarterly net profit for its second quarter ended Jun 30, 2014 (2QFY14), which saw its bottom line quintupled from a year earlier, as it recognised higher billings for software sales in its China segment and for local clients seeking upgrade to software that is compliant with the impending goods and services tax (GST).

In a filing with Bursa Malaysia, IFCA said its net profit for 2QFY14 was RM3 million, which was nearly 420% higher from the previous year’s net profit of RM577,542. Revenue meanwhile, jumped by 41.2% to RM18.25 million.

“The expansion (in top and bottom lines) was attributable to higher billings in software sales, particularly in the China market segment, as well as higher billings for software upgrades due to the incoming GST in Malaysia by Apr 2015,” IFCA said in its explanatory notes accompanying 2QFY14 financials.

For the cumulative half year ended June 30 (1HFY14), IFCA’s net profit rose to RM3.42 million or 0.76 sen per share, versus last year’s RM71,169 or 0.02 sen per share. Its revenue was 40.65% higher at RM31.94 million, from 1HFY13’s RM22.71 million.

IFCA, which produces accounting software mainly for property developers and hotel and club managers, is bullish on its prospects, describing it as “strong” for the remainder of the year, as GST will drive its earnings.

“Business momentum continues to be robust across all our business units. As the GST Act 2014 was gazetted in June 2014, and businesses in Malaysia are gearing towards implementation with effect from April 2015, we anticipate our existing clients and potential new clients will need to upgrade their systems to meet the GST reporting requirement,” it explained.

As for its overseas business, IFCA said the segment will continue to be strong, as sales orders were significantly higher compared to the preceding year.

“The group’s order book continues to grow strongly and is optimistic that it will continue to report healthy growth in the remaining of the year,” IFCA concluded.

speakup... if there is a ! mean the coy is PN17 coy... in mbb trading online is gone

anyone notice MBB share trading.. sumatec dont have the ! anymore?

i guess today wont have any announcement... but Financial Report will be out before 22nd Aug. So today is a good day to enter for "Contra Kaki"

http://www.theedgemalaysia.com/business-news/302915-sumatec-up-on-rumours-of-halim-saad-increasing-stake.html


the news i mention

KUALA LUMPUR: Shares in debt-laden Sumatec Resources Bhd hit a five-year intra-day high of 56.5 sen yesterday on talk of its largest shareholder Tan Sri Halim Saad increasing his foothold in the oil and gas outfit, and that it is closer to exiting its Practice Note 17 status.

According to sources, Halim is looking to increase his stake in Sumatec to 32% from 24.63% currently. This is just slightly under the 33% level that would trigger a mandatory general offer (MGO).

“Sumatec had recently completed a private placement of up to 308.6 million new shares in the firm to independent third-party investors. This will result in Halim’s stake being diluted to some 20%.

“As such, he is looking to increase his stake in the company by up to 32% without triggering an MGO,” a source told The Edge Financial Daily.

Sumatec’s stock has jumped 113.46% to close up one sen or 1.85% at 55 sen yesterday from 26 sen on June 17 this year, after hovering between 26 sen and 33.5 sen since the beginning of the year. Its market capitalisation stood at RM1.92 billion.

Sumatec, which moved into the O&G sector in 2012, proposed a private placement exercise in January to fund the company’s planned acquisitions of oil and gas (O&G) fields in Kazakhstan.

The private placement was completed following the listing of and quotation of 308.6 million new shares of 14 sen each in Sumatec on Aug 5. The company will raise some RM85 million from the exercise.

To recap, Sumatec signed a gas development and production agreement with Markmore Energy (Labuan) Ltd (MELL) last year, allowing Sumatec to develop and deliver to MELL the gas development, implementation and production plan that will meet the minimum supply requirement of 120 million standard cu ft (MMSCF) of gas per day to a commercial off-taker by 2017.

It is worth noting that MELL is a wholly-owned subsidiary of Markmore Sdn Bhd, whose directors are Halim and Abu Talib Abdul Rahman. Halim owns a 99.99% stake in Markmore.

Earlier in March 2013, Sumatec inked a joint investment agreement with MELL and CaspiOilGas LLP, which has the rights to develop and extract O&G at the Rakushechnoye onshore oil field in Kazakhstan until 2025.

As part of the deal, Markmore will pay Sumatec US$15 million (RM47.7 million) per year to execute the design of the wells, starting from January this year until 2016.

its on the newspaper. not yet available online. try download financial daily by the edge (smartphone app) page 5 on today newsletter.

Edge FInance today say HS want increase his stake to 32%... as current PP had dilute his share to 20% only.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1708925

ARTICLE ENTITLED “ ENSURE SUCCESS OF FUEL SUBSIDY PLAN” ON PAGE 8 OF THE NEW STRAITS TIMES DATED 8TH AUGUST, 2014” (“ARTICLE”)





Pursuant to the article on page 8 of the New Straits Times dated 8th August 2014, ( 'Article") IRIS Corporation Berhad (“IRIS”) wishes to clarify and assert the following:-



1. That contrary to what was written in the Article, IRIS and Maybank never formed the alleged “Maybank-IRIS Consortium” for the implementation of the National Subsidy Scheme (“Project”). This is an inaccurate statement.



2. To the best of IRIS’ knowledge, Malayan Banking Berhad was appointed by the Government to undertake the management of the Project. Malayan Banking was desirous of acquiring computer hardware, software, systems and services which was capable of meeting Malayan Banking’s requirements to implement the Project and hence appointed IRIS on a turnkey basis to provide the requisite technical solutions.



3. IRIS was made to understand that the Government did not wish to proceed with the Project and as such IRIS was remunerated by Malayan Banking for all completed scope of works duly undertaken to the satisfaction of Malayan Banking Berhad



======================================================


Does this mean Fuelsub and Dsonic didnt get the job as well?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1705113

27cents

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1701069

PP done

ok thanks :)

CityTrader, base on chart, how far more?

Looiks, SONA?

leslie oh leslie... another dont know the full story yet act like he know so much

Sam3355...check captain looiks comment. He never let us down lol

Sam 3355...my opinion no...PP is set at 380 or 5% discount... so 400 x 5% discount is 380...i add more lot in 400 last friday

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1693749


Good luck. Loss RM44mil

http://www.theedgemalaysia.com/business-news/299379-klci-week-ahead-short-term-turbulence-for-klci-.html

KLCI week ahead Short term turbulence for KLCI

However:

Nazri said that while aggressive investors may buy Affin IB Research’s Top Featured Stocks i.e. S P Setia, Huayang, Tambun Indah, YNH Properties, A&M, Crestbuilder, CMSB, OSK Properties, Yinson, KNM, Muhibah, Sumatec, Coastal, Fitters, KUB, TA and Prestariang Berhad while conservative bulls might consider buying index futures on dips toward 1860, positioning for a larger jump to all time high of 1,900.

Step...suma cash stood at RM6.6mil only. The acquisition is RM800mil.

10% PP only can raise RM95mil +/-
Sumatec cash stood at RM6.6mil as at 31 March 2014

purchase of Borneo Oil at RM800mil.

so how much money need to be raise?lol

10% PP not enough to purchase the field Fund raising will 100% happen

Yeap...the only thing that worry me is Mazlim next move...

Theedge last monday post an interview with Mazlim..he said he is mere profit taking after holding so long...

But Daya already indirectly paper gain on Reach energy share. They subscribe at 45cents. Market or Ipo price 72cents or something (cant remember exact amount)

Ahmad Johari join the board can only push the price to 345. the price go higher because of the new Field that sumatec had 6month option to materialize it

Stonenut... A jib brother wont had much effect. but new CEO Chris is the new loco....

keep your mouth shut if u never follow and understand sumatec before...

arv, CYP and WK aka TM group is old operator... suma change hand to new management and new director. major shareholder Halim Saad. if he dispose then we will worry.

my opinion.. push down to go higher... remember SD1 and SD2 start operation on early March. the total contract with Techniq is 7yrs for RM250mil to RM440mil. Depends on days of chartered.