I m waiting for the compensation although it might take some time. But as mahathir say this is country with rules of Law,.any breach of agreement must be come with compensation. Let say RM 500 million compensation divided by 441 million share. It is equivant to more than RM1 per share...

Investors were spooked by the outlook for the software and training service provider, now that its second-largest revenue contributor is no more. For context, about 43% or RM78.33mil of the group’s total revenue in the first nine months of the financial year 2018 ended Sept 30 was contributed by SKIN.

However, a source close to the management told StarBiz that Prestariang had “little to worry”, as the company would likely gain all future earnings of SKIN as its compensation. This was due to the existence of an exit clause in the contract signed under the previous Barisan administration, he claimed.

“The management had previously mentioned in closed-door discussions that the government would be liable to compensate the entire future earnings or the contract value of RM3.5bil if it revoked the contract.

“This would protect Prestariang against the recent decision by the Home Ministry to cancel the border control project. Imagine this, isn’t it better for the company if it receives all future earnings in one lump-sum payment rather than working for it for a period of 15 years?” said the source.

https://www.klsescreener.com/v2/news/view/467626

May be like gamuda case, after cancel then u turn again...

I think they will most probably annouce that government want to terminate skin....but even government terminate skin I still think this counter worth more than RM1. Just my opinion...

Now every one scare of this counter , may be it is time to try some luck...lol

Stupid counter...

Panic selling. Will be stable and moving after new government stabilised as well.

Forsee selling by foreign fund will only ceased by end of this month ? look like tomorrow it will have down trend again. Anyway where can i get the news to say that prestariang is delisted from MSCI index ? TQ

These prestariang like no support at all. Really going Holland already. Fair value of RM 2.08 to RM 2.80 but look at these stock , like garbage no body want. Now everybody throwing like panic selling.

@marketanonymus, like that have to run fast fast

If it deleted from msci small cap index , which mean foreign investment such as AIA cannot hold or buy the share? Is this the reason AIA keep selling everyday ?

EPF big support? Really ? cant see in the annoucement. They only bought around 200K share lately.

Why AIA keep selling everyday at 88200 units. Something very wrong with this counter. No support at all. Will start to sell tomorrow to cut loss.

Sapkenc,

Like that this RI must be completed within 6 mth times lor..
Hope it will start pushing from now on...

Sapkenc,

That mean the final jigzaw already approved by BNM ?

Is the RI already approve by the BNM ？？ i read a bit on the announcement but not quite understand...

Sumatec announcement that Bursa had granted the RI period to another 6 months which mean the RI still on..

screw up ...

no eye see liao....

How is the status of Bank negara Approval on RI. If BNM not approving then sumatec have to aborted the RI ?

i think yesterday show is same as previous ...one day show ..haiz..

Somebody is very upset with sumatec. Keep throwing at small quantities in 100, 200,300, 400, 500 units all the time. He/she must be piss off now :>

all the big news real or not ? i hope it is real but is rather looks like blowing water :>... anyway hopefully sumatec will up faster, but today volume a bit slow....

Hopefully Suma will move soon as it is getting closer to the dateline...

This counter is really testing our patience.. even with the oil price up but the share price still languishing between 0.21 to 0.22. other oil and gas counter already climb around 30-40% from thiers low, if based on current brent oil price of USD70, suma should hoovering around 0.35 to 0.40. the current price is something to do with the RI...are the HS & shark waiting for the right time to make a move? nevermind still one more month until July when they have to complete the RI. So i choose to wait one more month.....haiz..

The only good news is currently the risk is very low at 0.21..

Y Sumatec so quiet this few days? calm before the big storm :> ?

Heard the ITIS project is awarded to TM from current non performing cronies. May be just may be they will pass this job to GP. i think the amount of contract is more than RM 200 mil.