FORCE SELLING OVER...NOW ON RIGHT TRACK TO MOVE UPWARD AGAIN

http://www.theedgemalaysia.com/business-news/304643-inaris-4q-profit-more-than-doubles-to-rm309-million.html

Inari was included into the shariah mib compliant BUY CALL list. Hope tomorrow will see it breaking new high.

Go for it

Go for it

Expected to break 0.15 by Tuesday

Run up to break all time high to start tomorrow

Write a comment..major run up is expected very soon to test 0.80 snd 1.07

I strongly believe the the qtr results albeit final results expected to be released next week will surprised all expectations of fund managers in view of the extremely good performance of avago and performance of tech stock globally. In that respect once surprised results which is out of expectations of funds managers is release. ..inari price will surely hit the ceiling. Let's see whether I am right or wrong. Those with negative comments or predictions will regret. Happy trading next week.

A BETTER THAN EXPECTED FINANCIAL RESULTS IS EXPECTED TO BE RELEASED NEXT WEEK. EXPECT A BIG RUN UP TOMORROW. ANTICIPATE THE PRICE TO BREAK 3.50 EARLY NEXT WEEK

MONITOR CLOSELY FOR POSSIBLE RUN UP AS TODAY T3 OF THE HIGHEST VOLUME WELL ABSORB. EXPECT A RUN UP TP 0.14 TOMORROW.

ANNOUNCEMENT OF A HUGE O& G PROJECT IS EXPECTED SOON EVEN BEFORE THE COMPLETION OF RTO. 1ST TP 1.00 N 2ND TP 1.50. THE SHAREHOLDING IS ONE OF THE SMALLELEST IN THE BOARD ANS PRICE EASILY RAM UP

go for it

coming

looks tempting...!!!!!!!!!!!!!!!!

Final account to be announced on 26 aug. Expect great results to be announced

Ijacob dropped largely because public misunderstood the announcement yesterday about the cancellation of rights n free warrant issue which referred to the cancellation of the proposal in 2012 not the current RTO deal which comes with issuance of free warrant ie bonus for shareholders without needing to pay or subscribe to rights. Regards

http://www.theedgemalaysia.com/in-the-edge-financial-daily-today/303341-inari-on-track-to-deliver-another-set-of-record-earnings-in-fy14-fd.html

.IMMINENT NEW "BIG" SHAREHOLDER & POSSIBLE BIG CORPORATE EXERCISE

Inari Amertron - Growth momentum to sustain


Date: 19/08/2014




Source

:

MAYBANK



Stock

:

INARI



Price Target

:

4.20

|

Price Call

:

BUY











Last Price

:

3.34

|

Upside/Downside

:

+0.86 (25.75%)





Back
--------------------------------------------------------------------------------



Fibre-optics, Inari’s next growth catalyst, to be supported by capacity extension in the newly-acquired Batu Kawan land.

4QFY14 results, to be announced on 26 Aug, should be stronger QoQ but within expectations.

Reiterate BUY with an unchanged MYR4.20 cum-rights TP (17x CY15 PER), offering 26% upside.

What’s New

We met with Inari recently to understand the rationale behind the recent 5.05-acre land acquisition in Batu Kawan Industrial Park, Penang mainland. Management shared its aspiration to further grow its fibre-optics division, currently based in Johor, in Penang as it believes that it will be its next growth engine. The site, located near the exit to Batu Kawan from the second Penang bridge, was selected due to its close proximity (~25km) to Inari’s existing plants and Penang’s technology ecosystem in the island.

Elsewhere, we expect 4QFY14 results to be within expectations at MYR30-35m (+21-41% QoQ), driven by: (i) ramp-up in production from the RF division for Avago in lieu of Apple’s upcoming launches; (ii) stronger contribution from 51%-owned Ceedtec from the conversion of design prototypes to mass production for Agilent.

What’s Our View

On the back of the increasing number of smart device users and cloud computing activities, Cisco forecasts a >10x jump in global mobile data traffic to 15.9 exabyte (EB)/month by 2018. As such, we see opportunities for Inari’s wholly-owned ISK from a shift in demand to high-speed fibre-optics transceivers from lower-speed copper transceivers to facilitate the need for faster and bigger data transmissions among storage servers and networking products.

We expect ISK’s contribution to group revenue to be minimal in FY14 and to be more meaningful from FY15 onwards whereby we project revenue of MYR50m in FY15 and MYR80m in FY16.

Source: Maybank Research - 19 Aug 2014

should fly in the after. could reach 0.80

brace for good things to come...early birds..

IF 2.00 BROKEN TOMORROW....ALL THE WAY UP TO UNCHARTED TERRITORIES

COLLECT ON WEAKNESS AND BE REWARDED SOON

AS THE IMPENDING RELEASE OF THE AUDITED FINANCIAL RESULTS EXPECTED NEXT WEEK...WE SHOULD EXPECT AN UNPRECEDENTED RUN UP TO ALL TIME HIGH AND MUCH HIGHER

WITH ONE OF THE SMALLEST PAID UP CAPITAL COMPANY PLUS THAT THE MARKET FLOAT OF ONLY 14% OF PAID UP CAPITAL... THE SHARES IS ALMOST CORNERED A EASILY PUSHED UP.

WITH THE FREE WARRANT REWARDED TO IJACOBS EXISTING SHAREHOLDER AT 1 FOR 2; POSSIBLE LIMIT UP CANDIDATES ONCE MARKET OPEN TOMORROW

Highlight: CMOG to assume Ideal Jacobs listing, eyes oil & gas, power biz

by Jonathan Gan of theedgemalaysia.com on Monday, 18 August 2014 07:19

KUALA LUMPUR (Aug 18): Ideal Jacobs Corp Bhd has signed a master restructuring agreement with CMOG Group Sdn Bhd to facilitate the reverse takeover (RTO) of the former.

In a statement today, labeling specialist Ideal Jacobs said under the agreement, the entire issued share capital of the company would be exchanged for new shares in CMOG.

CMOG is the special purpose vehicle to undertake the RTO and assume the listing status of Ideal Jacobs. CMOG will, subsequently, focus on oil and gas (O&G) operations.

The master restructuring agreement involves the exchange of the entire issued and paid-up capital of Ideal Jacobs comprising up to 138 million shares for a similar number of new CMOG shares, and 69 million free warrants in the latter.

"Upon completion of the proposed RTO, all existing shareholders of Ideal Jacobs will be shareholders of CMOG and the listing status of Ideal Jacobs will be transferred to CMOG, which will enable CMOG to be admitted to the ACE Market of Bursa Malaysia Securities Bhd.

"To allow the new structure under CMOG to focus solely on the O&G businesses, CMOG and Ideal Jacobs Holdings Sdn Bhd have entered into an agreement for a management buy-out of the entire equity interest of Ideal Jacobs for a cash consideration of RM19.5 million," Ideal Jacobs said.

IF CAN BREAK 0.225 THIS WEEK..WE CAN SEE 0.28 BY FRIDAY N SUBSEQUENT TP 0.34

something big to be announced very soon. immediaste to 0.30

1.00 soon

1.00 soon

4.00 coming soon

SANICHI... A BIG CONGLOMERATE IS EYEING A MAJOR SHAREHOLDING IMMEDIATE TP 0.20

LUSTER.......UPTREND ON IMPENDING GOOD RESULTS

flying to 0.28 next week

uptrend imminent. immediate tp 0.28

uptrend to continue

COMING SOOOOOON !!!!!!!!!!!!

if announcement made this week..0.80 shouldnt be an issue

Tmrw should jump start. Dow futures is positive now

This week should break 0.80. Heard there will be a major announcement of some big O & G project

INTERESTING EPISODE FOR INARI....FINCIAL RESULTS TO BE RELEASED. IF RESULTS IS BETTER THAN MARKET EXPECTATION OF RM80 TO 90 MIL PAT.....WE SHOULD SEE 3.50 TO 4.00 BY END OF MONTH

http://klse.i3investor.com/blogs/rhb/57300.jsp

IST LEVEL TP 0.28 N 2ND LEVEL 0.36......COMING VERY VERY SOON

GOOD TO COLLECT NOW..NO CONTRA

Tuesday, June 17, 2014

Interesting Oil & Gas RTO On Ideal Jacobs


Not all oil & gas RTO are equal, we know of the huge surge in Barakah, and the moderate gains in PDZ. Barakah had a fantastic run because of the people behind the company coming in and the new projects which they won. PDZ was slower because the buyer was not as "strongly connected" and the fact that there is still a huge number of outstanding shares of PDZ out in the open.PDZ new owner bought a controlling stake but has yet to announce any asset injection, hence the flattish performance.

So where does the Ideal Jacobs RTO rate?

HEADS OF AGREEMENT IN RELATION TO THE PROPOSED
REVERSE TAKE-OVER OF IJACOBS BY CEKAP TECHNICAL
SERVICES SDN BHD (“CTSSB”) AND MECIP GLOBAL
ENGINEERS SDN BHD (“MECIP”)

The proposal is to acquire Cekap Technical Services and Mecip Global Engineers via an issuance of new Ideal Jacobs shares @ 25 sen. Fair enough. For this deal, we already know which company/asset will be injected, hence easier to survey their prospects.

The vendors of CTSSB are Md Nazir Bin Md Kassim and Sofiyan Bin Yahya. The vendors of MECIP are Ahmad Nazari Bin Ashari, Mohd Nor Bin Abd Basar, AliShastry @ Haslan Bin Husain.

What is positive is also a management buyout of the existing operations of Ideal Jacobs by its current owners (Andrew Jacobs and Ben Meng), which is to say Ideal Jacobs will be a "clean company", and if you examine their balance sheet, its pretty clean already. This allows for the RTO asset to be valued accordingly without any baggage or legacy issues.

Cekap Technical Services Sdn Bhd
Formed in 1994, Cekap Technical Services Sdn Bhd has established a niche as a provider of integrated technical services especially in project management and integrated project services including project management, project support, safety consultancy, environment consultancy, G&G services, ICT and integrated operations. The company has an excellent safety record of zero LTI since it began operations. Currently the company has more than 400 staff across its operations. The company has successfully served all the oil & gas operators and major players in Malaysia and has established a track record in the region, including Brunei and Philippines. The company has also expanded into the Middle East, especially UAE and Iraq, and Far East in Korea and Japan. The company has offices in Kuala Lumpur, Kerteh, Pasir Gudang, Dubai and Brunei.

So how much more can we assess the RTO if we do not know the valuation of the two companies? Thats a fair question since its only a Heads of Agreement but we can easily spot the key driver of the deal in one of the vendor, Sofiyan bin Yahya. He is a BSD in oil & gas if you are in Malaysia's oil & gas industry.

Sofiyan Yahya
President (April 2008 – April 2014), Malaysian Oil & Gas Services Council
The Malaysian Oil & Gas Services Council or MOGSC is the most proactive non-profit organisation or NGO representing the interests of the service providers in the Malaysian oil & gas industry. Key missions are to promote Malaysia as the regional hub for oil & gas services, and showcase the capabilities of the Malaysian oil & gas services sector. MOGSC collaborates with all the industry stakeholders. MOGSC has working groups and task force committees addressing various industry interests and issues, and regional chapters to promote local players in the specific active regions.

Back to Cekap, it is licensed by Petronas (L-295213-P). Some of the key projects they have completed:
- Malampaya debottlenecking project (Philippines)
- Petronas' Integrated Operations Collaboration Center
- Central Luconia rejuvenation project (Sarawak)

Barring any nasty surprises in terms of valuation, the prospects for this RTO is pretty good. You are only as good as the driver behind the vehicle, in particular when you are talking about doing well in the oil & gas industry in Malaysia. Hence this deal is closer to Barakah in terms of attractiveness than say PDZ.


Posted by Salvador Dali at 12:32 AM 1 comment:
Labels: Cekap Technical services, Ideal Jacobs, Mecip Global Engineers, Sofiyan Yahya

to test 1.55 very soon

Anytime to fly due to the impending release of great results

Listing Circulars (201408065100012)
COMPANY NAME IDEAL JACOBS (M) CORPORATION B
Stock Code / Short Name 0162 / IJACOBS
Date & Time Announce 06/08/2014 12:20:00 PM
Subject IJACOBS-Unusual MARKET Activity ("UMA") query by Bursa Securities

Content
LISTING'S CIRCULAR NO. L/Q : 71202 OF 2014
Bursa Malaysia Securities Berhad has on 6 August 2014 issued an UMA query on
IJACOBS for the recent rise in price and volume of the Company¿s SHARES.
In this respect, INVESTORS are advised to take note of the Company¿s reply to
the above UMA query which will be posted at Bursa Malaysia¿s website under the
company announcements,
http://www.bursamalaysia.com/market/listed-companies/company-announcements/
when making their investment decision.
The contents of the UMA query is as follows:-
We draw your attention to the recent rise in price and volume of your Company¿s
shares ("TRADING activity").
In light of the above and in order for investors to be able to make informed
investment decisions, you are requested to respond, after making due enquiry
with your directors, major shareholders and such other relevant persons, to
the following queries immediately for public release in accordance with Rule
9.11 of ACE Market LISTING REQUIREMENTS ("LR"):-
1. whether there is any CORPORATE DEVELOPMENT relating to your Group¿s
BUSINESS and affairs that has not been previously announced that may account
for the trading activity including those in the stage of
negotiation/discussion. If yes, kindly provide the details including status of
the corporate development to enable investors to make informed investment
decision;
2. whether there is any rumour or report concerning the business and
affairs of the Group that may account for the trading activity and in this
respect, you are required to comply with Rules 9.09 and 9.10 of the LR;
3. whether you are aware of any other possible explanation to account
for the trading activity; and
4. whether you are in compliance with the LR, in particular Rule 9.03 of
the LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board
of Directors of the Company and the announcement must reach Bursa Securities
immediately via Bursa LINK.