Son? Hihihi

?? Vegebotak told to sell when this counter was 5,5 cents? And now it is 10.0 cents, and touched 10.5 cents? And now he is advicing people to sell again? ?.... what if it passes 68 cents this week? Will he ask people to sell again? Sure he will..... I hope vegebotak will continue ..... until this stock shot up up up like harvest RM2.04

3 month waiting or 6 months ... byk lama wo ... wa tak sabar, mau kasi dump dulu... nanti murah sikit beli balik ma

For the nine months to March 31, 2014, Globaltec’s net loss widened to RM2.98mil from RM2.96mil previously. Revenue dropped 12.45% to RM76.92mil.

The company is involved in the low margin business of precision machining, semiconductor products and automotive manufacturing.

Goh is the biggest shareholder of the company with a 19.51% stake, while its deputy chairman Kong Kok Keong has a 13.11% stake. Lembaga Tabung Angkatan Tentera is also a substantial shareholder with a 6.25% stake.

Globaltec’s share base is 5.27 billion shares and has a market capitalisation of RM484.4mil.

Published: Saturday August 9, 2014 MYT 12:00:00 AM 
Updated: Saturday August 9, 2014 MYT 9:14:30 AM

Globaltec to be full-fledged O&G company

BY TEE LIN SAY

Datuk Seri Goh Tian Chuan

   

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GLOBALTEC Formation Bhd, the merged entity of AutoV Corp Bhd, AIC Corp Bhd and Jotech Holdings Bhd, is about to become a full-fledged oil and gas exploration and production company with a focus on unconventional resources.

It is acquiring a 60% stake in New Century Energy Resources Ltd (NCE) for US$100,000 (RM320,000), which will soon be asset owner and operator of three coal bed methane (CBM) concessions in the south and central of Sumatra, Indonesia.

CBM is a form of natural gas extracted from coal beds. CBM can be used as civil fuel, industrial fuel, fuel for power generation, vehicle fuel and important chemical raw materials.

Globaltec told Bursa Malaysia it is also acquiring a 60% stake in New Century Energy Services Ltd (NCES) for US$100,000 in cash.

Kee Yong Wah

NCE is an investment holding company involved in the exploration and production of oil and gas with a primary focus in unconventional oil and gas assets. Meanwhile NCES provides services for the unconventional oil and gas market.

The director of NCE and NCES is Kee Yong Wah, a seasoned oil executive with more than 30 years in the unconventional sector of oil and gas in China and the US.

The concession owner for the Indonesian fields is NuEnergy Gas Ltd (NGY), an Australian listed gas and ancillary power generation development company, which focuses on unconventional gas in Indonesia.

NGY has 3 production sharing contracts in South and Central Sumatra, covering 3,978 square kilometres. NGY is the operator of all 3 PSCs which are Muara Enim (40% share), Muara Enim II (30% share) and Rengat (100% share).

Globaltec will take control of NGY’s concessions because NCE will subscribe for 83.3 million shares in NGY for 3 Australian cents (8.91sen) to raise A$2.5mil (RM7.4mil), thus owning 19.9% of NGY.

NCE will then appoint three of its own directors to replace the existing three directors in NGY.

NCE will further subscribe to shares of NGY and participate in its rights issue for a total commitment of A$10mil (RM29.7mil), to be completed by Dec 31, 2014 for a minimum price of 3 cents.

When contacted by StarBizWeek, Globaltec executive chairman Datuk Seri Goh Tian Chuan says this is Globaltec’s new beginning.

“I am confident of Kee’s past track record and am thus investing in Kee and his team which have a combined experience of 150 years.

“In China, Kee and his team have drilled more than 160 CBM wells.

“We were in the midst of divesting our less profitable businesses. At the same time, we were looking for new profitable business ventures when Kee came along with his niche in unconventional resources. I saw this as the best opportunity to ride on the new wave of unconventional resources. This was something we could not pass,” says Goh.

Kee, the CEO of NCE, has served 26 years with global oil servicing company Halliburton, with a particular focus on unconventional resources.

Meanwhile, Lim Beng Hong, the CEO of NCES has served 24 years in Halliburton and Weatherford. The key management in both companies has extensive experience in the unconventional oil and gas industry including subsurface, well drilling, completion and production optimisation techniques that can significantly enhance the productivity of oil and gas wells.

Goh adds that this is one of the best opportunities of growth for Globaltec, as for a relatively low cost, it will immediately become operator and asset owner in the hydrocarbon-rich area of Sumatra.

For the PSCs in Muara Enim and Muara Enim II, NGY had in September 2012 received a Netherland Sewell and Associates Inc independent resource estimate of 4.2 trillion cu ft of prospective gas resources in these fields.

Goh says the plan is for NCE to drill three wells in the first quarter of 2015.

“As NCE has conducted seismic studies over the last one year and secured all required approvals, drilling can start almost immediately,” says Goh.

The concession fields have well-established pipeline infrastructure that connects the fields to Sumatra, Singapore, East Kalimantan and the Jawa markets.

These pipes have capability of handling 1.2 billion cu ft of gas per day.

“The field is considered ‘low risk, high return’ as over 1,500 wells have been drilled in this basin with ample drilling and logging data. The CBM wells are also less than 1,000m.

The trading volume of Globaltec too has been attracting keen interest. On Friday, Globaltec was the heaviest traded counter of the day, closing 2 sen higher to 9 sen on volume of over 230 million shares.

Globaltec was amalgated and listed on Bursa Malaysia on June 2012 at an issue price of 12 sen. The past two years have seen its share price drift listlessly and languish at the 5.5 sen level.

Both ceo of nce and also nces have experiences working for HALLIBURTON for 26 years and 24 years respectively!

Oil and gas again? Will this counter follow pdz ... can double or triple money ... or slash to half.

Kukuman ada , traderman , robz3man, sateman???

Apa pasal ada byk super hero berturut2 dlm ini forum? I guess under their masks ... all are clark kents ... hehehe

At 27cents the cost is RM1.38b

At 54 cents it will cost khazanah just RM2.76b ... most would accept the offer then

Monday will be suspended again ... revising offer price ... dont be so stingy khazanah .. or it will fail

KUALA LUMPUR: A proposal to privatise Ireka Corporation Bhd hit a roadblock when most of the minority shareholders objected to the proposed selective capital reduction (SCR) at its EGM on Wednesday.

Fifty-nine shareholders, who held 14.63 million shares, rejected the proposed SCR.

Ireka said the special resolution tabled at the EGM for the proposed SCR needed a majority of not less than 50% in number of shareholders and 75% in value of the votes attached to shares held by entitled shareholders that are cast either in person or by proxy on the resolution at the EGM.

It said the value of votes cast against the resolution to approve the proposed SCR at the EGM should not be more than 10% (that is 4.021 million shares) of the votes attaching to the shares held by entitled shareholders of the total voting rights of the company (40.211 million shares).

"Based on the above, the motion is voted for by 26.25% in number and 26.92% in value attached to the votes held by the entitled shareholders that were cast either in person or by proxy at the EGM.

"Further, 36.4% of the votes attached to the shares held by the entitled shareholders of the total voting rights of the company voted against the motion. Hence, the special resolution for the EGM has not been carried," it said.

To recap, Olymvest Sdn Bhd and parties acting in concert had in June 2013 made the offer via the SCR, which represents a total capital repayment of about RM39.19mil to entitled shareholders, in mid-June last year, with the non-entitled shareholders, who own 64.7% in Ireka, waiving their respective entitlements for the proposal.

In late January, the independent adviser Affin Investment Bank said the proposal by the  major shareholders to take it private via a selective capital reduction (SCR) and repayment exercise was "not fair" but "reasonable".

It said the 90 sen offer per share was lower than its sum-of-parts valuation of RM1.20 per share.

Ireka privatisation rejected at EGM (Update)

Published: Wednesday February 19, 2014 MYT 3:21:00 PM 
Updated: Wednesday February 19, 2014 MYT 10:26:19 PM

http://www.thestar.com.my/Business/Business-News/2014/02/19/Ireka-privatisation-rejected-at-EGM/

this article might help ... selective capital reduction can always be rejected ... follow ireka minority shareholders

Monday if limit up ... = 54 cents = double of 27 cents ... then what will khazanah say?

27 cents is just an offer to buy... not compulsory ... owners are not forced to sell ... there are hundred of funds, some will reject the offer ... cheers

Kira cincai ... if khazanah wants .... im selling it at 80cents ... take it or leave it

http://klse.i3investor.com/servlets/stk/pt/3786.jsp

here the BS

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.

Take a look what analyst say about MAS target price ... BS

Hehe nasib baik da profit taking

He is so angry at insider trading ma ... not for any spesific reason ... just dengki ma ... pasal MAS will skyrocket and limit up 4 times in a row

So if u get such big insurance payment ... no one will sell at 27 cents ... at least RM1

Muhammad jamaluddin ... congrat !!!

I heard that the insurance paymen is RM7.2 billion ... is this logic? Kaya kaya kaya aku ...hehehe

Once again I repeat what I said before ... i3investors mostly are not interested in MAS .. . Just insiders, big funds, and small number of us here ... and I told before this is an excellent sign amid high volume everyday yet most forumers here keeps saying negative statements ... yeehaaa yeehaaa ... let me be the first here to CONGRATULATE TO ALL FRIENDS STILL HOLDING MAS SHARES .... masyuk masyuk masyuk

WHEN THE TRADING BEGINS ... LIMIT UP ... MAY IT BE FOR 2 OR 3 DAYS.... even RM1 is possible

I told u all so ..... 60 cents ... period

They are going for restructure or privatize ... right issue is not an issue here ... be rational ... u can speculate ... but please guna otak ma

Suspended? Apa cerita?

Shinreoneo is right... the highest was only 62 cents ... and that was in 2003 not 2008 ... I wonder from where SP(stupid pathetic)FOO-L get his data from ... lawak2 ... talking about sleeping ... compare a sleeping person with a retard one

Take profit ... hmm tend to agree

Last year, the airline reported a wider net loss of RM1.17 billion from a loss of RM432.59 million in 2012 despite revenue growing to RM15.12 billion from RM13.76 billion.

what does RM15.12 billion means?

just tune and make a radical changes ... this is so full of potential ... need right people and right direction ... MALAYSIA BOLEH ma

Like I said before , ups 0.5 cent a day , then pauses for a day.... continuously.... it will be more stable even when price moves higher

As I said before, most i3investors are not interested in MAS amid high volume everyday ... so u should know who is playin ... this is not for small retailers ... except a few like some small number of us here ... the signs are working to match excellent profit ... 60 cents it is!

Change goverment?..... and everyone happy? What about america after obama democrate replaced republican? They got worst ... and their people are so happy?!!! ?.. Sarc.... What about egypt? Libya? Iraq? Abenomic in japan? Are u sure they're happy now? I bet u lose a lot lot lot of money in forex mr@forex based on your poor observation and u've been duped by the manipulators so many times ... the word is RIGGED

What are u talking about @forex? When usa GDP for 1st quarter was announced to decrease by 2.9% ... dow jones went up ... a when a falsified announcement weeks ago that their GDP for 2nd quarter increased by 4% ... dow jones goes down. And to conclude that stock price will go up when oil is down, unless the financial of a company is bad ... is a really naive statement. Because if your naive statement is accepted... most companies' stock that fall or stagnant are bad? Amateur conclusion it is.... Central banks, funds are buying US treasury bonds ... and they're still buyin while it's net worth is amazingly NEGATIVE USD$16.9 trillion !!! And talking about forex... your statement that forex fluctuation is based on latest news and future news and not just today's news ... is a BS crap ... why? with "yesterday's news" that SPAIN has better PMI data ... while EURO fell ... do u really make money in rigged market mr forex? ... I doubt so.. and LIBOR

I believe khazanah is quite generous and will privatize MAS at least 60 cents because this was their pricing before

I'm guesing rising just a half cent and pausing a day and repeating the process will make traders more reluctant against selling while targeting higher pricing ... is that a right present participle tense verbs sentence ... except that WILL word may be

Musang u bkn musangfoxking kah?

Apa pasat ini kaunter ada lagi? Wa ingat da arwah da ... hehehe

Instaco 24.5 ... mas 23.5 ... mana bagus?

Jag? Kaunter apa plak ni? Apasal aku baru perasan?

Limit up?

Ntv7 isnt it a media, is it? ... haha lol .... tomorrow in media? So thar ntv7 u heard ... was in what? Or in your "dream" ... I guess ... by the way dream is also a media ....kikiki

and ammar ... hold it ... u may well be rewarded

So strong ... will triple to 21 cents

Again a RM2 stock... believe it or not ... u will!!!

http://mh370news.net/big-money-surprise-malaysia-airlines-flight-370/

Insurances from mh17 and mh370 might be triple to 7 times insured amounts based on previous cases ... a new record profit might be around the corner

I bet u want to buy so much heh? Tomorrow .... open at 26 cents... hehe ... regret lo

For the upside, today may close at 24 or 24.5

Good luck

10 million shares were bought just now at 23.5 within 1 and a half minutes!!!

Very hard resistance at 27 cents ... after that... up up and the way!!!

If u buyin low and sellin at 23 cents or 23.5 ... u might regret