it will try to break 0.25 i think today. they need the return of their investment.I dont think khazanah will privatize MAS at a very low price. For sure it is at a premium which at least please the minority shareholders and get their return of investment at least. Some more it is national airline ma....tak kan mau jual murah-murah...for sure the price will shoot up...

How does privatization affect a company's shareholders?

The most recognized transition between the private and public markets is an initial public offering (IPO). Through an IPO, a private company "goes public" by issuing shares, which transfer a portion of ownership in the company to those who buy them. However, transitions from public to private also occur. In public to private market transactions, a group of investors purchases most of the outstanding shares in the public company and makes it private by delisting it. The reasons behind the privatization of a company vary, but it often occurs when the company becomes heavily undervalued in the public market.

The process of making a public company private is relatively simple and involves far fewer regulatory hurdles than the private to public transition. At the most basic level, the private group will make an offer to the company and its shareholders. The offer will stipulate the price the group is willing to pay for the company's shares. Once the majority of the voting shares have accepted the offer, shares of the company are sold to the private bidder, and the company becomes privately held.

The biggest obstacle in this process is getting the acceptance of a company's shareholders, the majority of which need to accept the offer in order for the transition to be completed. If the deal is accepted by the shareholders, the company's buyer will pay a consenting group of shareholders the purchase price for each share they own. For example, if a shareholder owns 100 shares and the buyer offers $26 per share, the shareholder will receive $2,600 and relinquish his or her shares. There is a large benefit to this type of transaction for investors, as the private group usually offers a substantial premium for the shares compared to the current market value of the firm.

An example of a public company that became private is Toys "R" Us. In 2005, a purchasing group paid $26.75 per share to the company's shareholders - more than double the stock's $12.02 closing price on the New York Stock Exchange in January 2004, the trading day before the company announced it was considering dividing the company. As this example shows, shareholders are usually well compensated for relinquishing their shares.

How Does Privatization Affect a Company's Shareholders?

The process of taking a company private is the reverse of an initial public offering, or IPO, but involves fewer regulatory hurdles. In essence, those taking a company private buy a controlling interest in the company and then have its shares delisted from the stock exchange, effectively making it privately held. In some cases some shareholders can continue to own shares of the private company, but for the most part, shareholders are handsomely rewarded for giving up their stake.

The process of privatization is usually conducted out in the open, but hostile takeovers do sometimes occur. In a hostile takeover, private buyers purchase a controlling interest of shares on the open market and then use their voting power to change the board of directors or convince remaining shareholders to agree to the sale.
Numerous defenses have been written into the bylaws of most public companies that make hostile takeovers more difficult than they'd been in the past. Most privatizations therefore are done through what's called a tender offer. This is an offer from the buyer or buyers to acquire shares of the company at a premium, a higher price, to the company's then current trading value in the market. In most cases, a tender offer will immediately benefit shareholders because the stock will rise in public trading to reflect the offer. A majority of the shareholders must agree to part with their shares, however, for the sale to take effect, so this empowers shareholders with disproportionately large stakes in the company. When a controlling interest is reached, the stock can be delisted.

How Does Privatization Affect a Company's Shareholders?

The process of taking a company private is the reverse of an initial public offering, or IPO, but involves fewer regulatory hurdles. In essence, those taking a company private buy a controlling interest in the company and then have its shares delisted from the stock exchange, effectively making it privately held. In some cases some shareholders can continue to own shares of the private company, but for the most part, shareholders are handsomely rewarded for giving up their stake.

The process of privatization is usually conducted out in the open, but hostile takeovers do sometimes occur. In a hostile takeover, private buyers purchase a controlling interest of shares on the open market and then use their voting power to change the board of directors or convince remaining shareholders to agree to the sale.
Numerous defenses have been written into the bylaws of most public companies that make hostile takeovers more difficult than they'd been in the past. Most privatizations therefore are done through what's called a tender offer. This is an offer from the buyer or buyers to acquire shares of the company at a premium, a higher price, to the company's then current trading value in the market. In most cases, a tender offer will immediately benefit shareholders because the stock will rise in public trading to reflect the offer. A majority of the shareholders must agree to part with their shares, however, for the sale to take effect, so this empowers shareholders with disproportionately large stakes in the company. When a controlling interest is reached, the stock can be delisted.

How does privatization affect a company's shareholders?

The most recognized transition between the private and public markets is an initial public offering (IPO). Through an IPO, a private company "goes public" by issuing shares, which transfer a portion of ownership in the company to those who buy them. However, transitions from public to private also occur. In public to private market transactions, a group of investors purchases most of the outstanding shares in the public company and makes it private by delisting it. The reasons behind the privatization of a company vary, but it often occurs when the company becomes heavily undervalued in the public market.

The process of making a public company private is relatively simple and involves far fewer regulatory hurdles than the private to public transition. At the most basic level, the private group will make an offer to the company and its shareholders. The offer will stipulate the price the group is willing to pay for the company's shares. Once the majority of the voting shares have accepted the offer, shares of the company are sold to the private bidder, and the company becomes privately held.

The biggest obstacle in this process is getting the acceptance of a company's shareholders, the majority of which need to accept the offer in order for the transition to be completed. If the deal is accepted by the shareholders, the company's buyer will pay a consenting group of shareholders the purchase price for each share they own. For example, if a shareholder owns 100 shares and the buyer offers $26 per share, the shareholder will receive $2,600 and relinquish his or her shares. There is a large benefit to this type of transaction for investors, as the private group usually offers a substantial premium for the shares compared to the current market value of the firm.

An example of a public company that became private is Toys "R" Us. In 2005, a purchasing group paid $26.75 per share to the company's shareholders - more than double the stock's $12.02 closing price on the New York Stock Exchange in January 2004, the trading day before the company announced it was considering dividing the company. As this example shows, shareholders are usually well compensated for relinquishing their shares.

i want to buy more but if do that then i gonna average up which i dont want. So i will hold since there is a possibility for it to touch higher then current price.

Based on the news from the adge malaysia and Maybank IB, i think you are correct goldenray. possible for it to touch 0.25 or even higher consider the interest of various party on the privatization news. No wonder people keep buying the stock even after Maybank come out with new TP 0.12.

so meaning to say if you buy higher then 21cts then you have to sell your share as soon as possible so that you are not lost a lot? since the fair price is around 19cts?

Ring for bring it private...it should be de-listed first ?

just wait and see stockking.You will be the first person shock until cannot believe it in your eye when its move very very very high. Some of us know about this already. Because of that we stick with it because we know something very very cun will happen and it is from inside.

hahahah kan betul rumor privatization tu. Now we should know at what price.

yes please please sell. sell as much as you can.

padan muka Penang. Huat arrr MB Dtk Mukhriz Mahathir.

good its drop some more. can collect more and more.

hahahah kesian Maybank.Now crying because they cannot manage to get all people trow this share since they are so desperate to get this share at 0.12. Hahahahahah Kesian Maybank.

I already in yesterday. :-) . Really cannot tahan to attack this too and now will wait for it to come alive. :-) . Already 9 month pregnant. Hhehehehe.

i heard the rumor of privatisation too. But dont know if khazanah will target it at 0.30.

yes it almost coming already. wait and i think the bull is so near already. All the best to those still holding this counter. You will get EMAS $$$$ soon.

macam best jer ini counter. my tanggan gatal-gatal already to attack. dont know why. ehheheheh.

go go go MAS.

dont worry stockking, its is normally like this. There will be a time they push the price and then there is also a time they sell some.Its normally .

you have to invest la. This kind of stock you can become investor.

Frank Soweto we called him in PETRONAS Dtk Shamsul. Hassan Marican & Late Tan Sri Azizan is the one who bring PETRONAS to its glory and because of that we want someone like them to manage PETRONAS. Not Dtk. Shamsul. By the we in PETRONAS call him like that. Dtk Wan Zul can replace him also but too much at Dtk Wan plate already. We want someone like Hassan Marican and late Tan Sri Azizan to manage PETRONAS. We dont want dtk Shamsul. Please leave the company and we home govt will push him out of the company.

we from inside PETRONAS want Dtk Shamsul to go and leave PETRONAS. We want someone like Tan Sri Hassan Marican & Tan Sri Azizan.

wow tabung haji willingly buy at 0.34....thats only means one thing...it will fly next week. Chart also look good and promising.

Source : http://www.theedgemalaysia.com/business-news/296546-sumatec-confident-of-meeting-profit-target.html

Sumatec confident of meeting profit target

KUALA LUMPUR: Sumatec Resources Bhd, in which Tan Sri Halim Saad controls some 25%, is confident of meeting its RM69 million net profit target this year. Production from 11 workover wells at its Rakushechnoye oil and gas (O&G) field in Kazakhstan is expected to improve from the third quarter of this year, as well as contribution from its gas development fee.

The workover wells will use artificial lift technology to improve oil production, which in turn will help the O&G group achieve its target of 2,000 barrels per day (bpd) in 2014.The Practice Note 17 (PN17) group posted a net profit of RM4.47 million for its first quarter ended March 31(1QFY14). For the full FY13, net profit was RM73.59 million.Sumatec chief executive officer Chris Dalton said the drivers of its profitability in FY14 will be its two revenue streams — oil production and the gas development agreement it signed with Markmore Energy (Labuan) Ltd last year.“For each of our 11 workover wells, we are going to put artificial lift systems in, and we expect production to triple from that, enabling us to hit 2,000 barrels per day (by the end of this year),” Dalton told reporters after the company’s annual general meeting yesterday.The group currently produces 150 bpd from its two wells which run on natural flow.

Last year, Sumatec signed a gas development agreement with Markmore for the development of gas resources at the Rakushechnoye oilfield in Mangystau.“Markmore is building a methanol and liquid petroleum gas [LPG] plant, and they are going to offtake the gas for the two plants, so they are going to start taking the supply of gas (from Sumatec) by 2017.

“We have 578 billion cu ft of gas and to get that out of the ground we are going to have to plan for that and draw wells, and next year start to drill these wells and test these wells for gas,” said Dalton.Sumatec currently manages the Rakushechnoye oilfield, after reaching an agreement with Markmore and CaspiOilGas LLP for the commercial development and production of the field. Markmore and CaspiOilGas hold the concession for the field until 2025. Both companies are controlled by Halim.As part of the deal, Markmore will pay Sumatec US$15 million (RM48.3 million) per year to execute the design of the wells, starting from January this year till 2016.

The group has apportioned its revenue from Markmore at US$3.75 million per quarter, which was booked for 1QFY14. This works in favour of Sumatec, which needs two quarters of profit in its financial year to uplift itself from its PN17 status, which refers to companies in financial distress.“We will submit our application to uplift our PN17 status in August,” said Dalton.The group recently captured investor interest when it announced a 30% increase in its O&G reserves in its Rakushechnoye field.“An additional 10 million barrels of oil is now available under 2P reserves to Sumatec [worth an estimated US$175 million in net profit from oil sale] without having to pay more than the initial US$95 million investment,” said Dalton.The group hopes to realise the additional reserves over the 10-year period of the concession.

++Based on there report above..the company confident on making profit and uplift from PN17 status by August/ September. Huraiiiiiiiii Good news good news. To get the price below 0.30 after this is impossible i think.

Source : http://www.theedgemalaysia.com/business-news/296546-sumatec-confident-of-meeting-profit-target.html

Sumatec confident of meeting profit target

KUALA LUMPUR: Sumatec Resources Bhd, in which Tan Sri Halim Saad controls some 25%, is confident of meeting its RM69 million net profit target this year. Production from 11 workover wells at its Rakushechnoye oil and gas (O&G) field in Kazakhstan is expected to improve from the third quarter of this year, as well as contribution from its gas development fee.

The workover wells will use artificial lift technology to improve oil production, which in turn will help the O&G group achieve its target of 2,000 barrels per day (bpd) in 2014.The Practice Note 17 (PN17) group posted a net profit of RM4.47 million for its first quarter ended March 31(1QFY14). For the full FY13, net profit was RM73.59 million.Sumatec chief executive officer Chris Dalton said the drivers of its profitability in FY14 will be its two revenue streams — oil production and the gas development agreement it signed with Markmore Energy (Labuan) Ltd last year.“For each of our 11 workover wells, we are going to put artificial lift systems in, and we expect production to triple from that, enabling us to hit 2,000 barrels per day (by the end of this year),” Dalton told reporters after the company’s annual general meeting yesterday.The group currently produces 150 bpd from its two wells which run on natural flow.

Last year, Sumatec signed a gas development agreement with Markmore for the development of gas resources at the Rakushechnoye oilfield in Mangystau.“Markmore is building a methanol and liquid petroleum gas [LPG] plant, and they are going to offtake the gas for the two plants, so they are going to start taking the supply of gas (from Sumatec) by 2017.

“We have 578 billion cu ft of gas and to get that out of the ground we are going to have to plan for that and draw wells, and next year start to drill these wells and test these wells for gas,” said Dalton.Sumatec currently manages the Rakushechnoye oilfield, after reaching an agreement with Markmore and CaspiOilGas LLP for the commercial development and production of the field. Markmore and CaspiOilGas hold the concession for the field until 2025. Both companies are controlled by Halim.As part of the deal, Markmore will pay Sumatec US$15 million (RM48.3 million) per year to execute the design of the wells, starting from January this year till 2016.

The group has apportioned its revenue from Markmore at US$3.75 million per quarter, which was booked for 1QFY14. This works in favour of Sumatec, which needs two quarters of profit in its financial year to uplift itself from its PN17 status, which refers to companies in financial distress.“We will submit our application to uplift our PN17 status in August,” said Dalton.The group recently captured investor interest when it announced a 30% increase in its O&G reserves in its Rakushechnoye field.“An additional 10 million barrels of oil is now available under 2P reserves to Sumatec [worth an estimated US$175 million in net profit from oil sale] without having to pay more than the initial US$95 million investment,” said Dalton.The group hopes to realise the additional reserves over the 10-year period of the concession.

Raymond says Eddie Chai/Kenneth Vun team has collective 33% stake in Harvest Court and should make MGO

Shareholders reject all resolutions at Harvest Court AGM

Raymond Chan fails to get re-elected as Harvest Court director, but remains as CEO

heheheh tengok-tengok closing 0.235 or 0.24.hahahah.

Agree with you AyamTua. Hidup Barisan..Hidup Barisan. Hidup Najib...Pakatan Lain Kali la.eeee tak nak. hahahahah mcm iklan rokok. hahaha. Go Go MAS.

hahhahha that is correct AyamTua. :-)

Beginner1989, i bought MAS at 0.17. in my view it will move but you need have holding power la. The reason for todays drop because of profit taking and bad news come from ETIHAD that denies that they are into something with MAS. Hopefully it will not go below 0.20. If can stay above 0.2 good enough.

The problem is that during the formation of Malaya,malay are so great full to share their land with this other races and that is the mistake that malay generation now have to face. They not supposed to share their land to this migrant at the fist place. Now see what happen ? They take all and even demand more..

possible to go below 0.16 and maybe stop at 0.15 or 0.14 before shoot back reach above 0.2.hehehehe.

Dont give it to Genting.Later become like YTL bos who dont know how to thank the crony then later blame the crony. Hhahaha. Now karma hunt the boss of YTL. Dont put MAS in that situation.

hahhhah kan dah cakap. Its already increase so much. Its need relax first before next round. So thats why yesterday i said there might be pull back. heheheh.

the share already go up so much.time to relax and take profit will come.

heheheh :-)

Im still holding it. If go down i will average down. Something interesting about this counter and about the shareholder that interest me. The same person that help jack up HLCAP from RM 1.22 to now RM 14 ++. Dont know what is their plan but be careful. Better stay sideline first. Me myself already sangkut inside. The only thing can do now average. we see how la. The current upside price movement is something unusual for this counter and its never been goring to this high. So better be careful lo.

yes shawnie is absolutely correct.

my focus on PM related counter today :-)

PMI traiding halt pending announcement

yes buy more it will shoot up later

today might be correction a bit since PMIND possible Suspended & Delisted which may cause the share price landslide going down.The impact will be dragging all PM related company share such as PMCORP & PMHLDG to go down together temporary.

i already talk about it when it is 0.13. And will keep talk about it until i cash out all my holding.

the only way for it to shoot up is to clear all the huge road block from 0.055 - 0.07. So in order to do that they have to buy and sell left and right so that day by day the Q will decrease slowly and make it easy for it to jack up at each level soon with enough share inside and no huge road block. So kena sabar la. This type of share will move slowly. If no sabar then dont touch this counter.

aiyo i want to hold this counter at my current holding at 0.065 after sell half of the share at 0.145. Now got another insider info for another share. Aiyo tomorrow maybe i have to cut at least 50% of my current hold at 0.065 to attack another counter. Arghhhhhhhhhhhhhhhhhhh.Damh . Thought want to attack more but no enough capital to attack another counter. arghhhh geram betul.

something going to happen between pmhldg and hlcap i believe. dont how correct it is.