Should we expect more writedown of splash receivables going forward? This was the main reason for the negative results for the past 2 quarters..... I think any deal can only be completed after the general election... Don't see why the federal govt would want to give selangor money b4 that....

Wsj mentionned that CREC did not get the green light from the chinese govt.. That's why the deal is off..

https://www.themalaysianinsight.com/s/2509/

Deal is off.. Refer to

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5418841

Just wondering, what will happened to the warrant post corporate exercise? EG is planning to do a right issue of RCPS (1 RCPS for every 4 shares). For every 1RCPS subscribe, shareholder will get 1 new bonus share... So there will be 25% more shares post exercise hence stock price should go down by around 20% to adj for the higher share outstanding.. From my understanding warrant price and exercise price would not see any adj which will make them very expensive relative to the mother shares... Is this right? Thx..

Hi james, they are giving out cash for the mgo. The share swap is only for Ekuinas i think...

Should be fierce selling this couple of days... Should be worst if there is any force selling by margin account holders....

I guess the market isn't convince that a deal can be struck before the 7th apr deadline..maybe another 6 months extension??

Maybe because the stock do not pay any dividend.. Is there a reason to this?

I think this stock would provide the best exposure to the turnaround of the malaysia o&g industry.
The financials are strong (cash flow positives), newer assets and being backed by a strong shareholder with deep pockets (ekuinas).

Good results. Especially their cash flow position. Hopefully they will be able to maintain this positive momentum going forward..