The splash delay is mainly because sellers and buyer cannot agree on a price; even tho' an independent valuer has been called in and in fact from news reported already given its valuation, the sellers and buyer are still haggling. Taliwork suffers coz work done and billings made not paid in full and have to provide for impairment for the receivables due from splash.Hopefully come Oct, things will be settled and taliwork can start getting its receivables back and the price can start rising to reflect its value.

iphone4 is right; better take the cash offer and invest in other counters that can offer better returns or which are more liquid instead of getting stuck with goldis with nothing much to look forward to. If not, take the money and go on a long vacation.

just the usual correction; fundamentals haven't changed, the stock is still solid with alum prices still bullish and operating efficiencies and logistics improving. don't panic.

dark forces at play? price falls and collects and pushes price up and sell at fat profits?

auntie sarah, you won't get the chance because if the price go to 1.80, I will buy everything up, lol

IrisTan your comment on the Goldis public spread is only true if none of the affected shareholders takes 100% cash for their IGB shares and everyone concerned take some form of cash plus Goldis shares or cash plus RCCPS (with a miserable 4.3% dividend rate for 7 years). The most likely scenario is that Goldis will remain tightly held and iiliquid. The major shareholders of IGB and Goldis might as well take all the companies concerned private and avoid sharing whatever profits they can get from the business of Goldis and IGB with outsiders.

GTfun, why you ask gt? he (maybe she) has no basis for anything except to report about US DJIA falling and then say that recession is coming. Anyone taking those comments seriously long time ago already jump off from the KLCC twin towers. gt knows nuts and only blows hot air and makes totally unsubstantiated comments.

from the majority of recent comments, seemed like a recession is coming soon, so sell sell sell all the equities in your portfolio and then take all your money and wait to buy when the KLCI crashes to less than 1000 points. That way, you will be super rich when the economy and bursa recovers and you never have to work again or visit all the lesser mortals on this site again. Good luck to all those waiting for the recession.

what is there to brew? unless the big minority shareholders play hardball with goldis, the offer price will remain at rm3. And there is really no reason to go for goldis shares in exchange coz goldis shares also very tightly held and illiquid and the share price is very sticky.

I hv 300k already and still queueing for another 300k at 1.46. As we approach Oct and a settlement of the Splash issue, this stock sure will trend strongly upwards. Question is does anyone wish to buy now when the price is low and then wait for 3 months. The smart move would be to buy now, get the dividends in the meantime and then look forward to a 30 sen gain over 3 months. After all, Tabung Haji has been buying a lot of this counter lately and is now a subst shareholder.

VS's future is solid as a rock, sure to hit the TP by the time its next qr results get announced in Sep 2017. Don't worry about the small daily fluctuations, these are quite normal for an active counter with many ESOS shares coming into the market. The employees who have the ESOS shares just want to enjoy the profits and usually have short term outlooks.

bravo to GTfun for the comments

ESOS is done according to the listing requirements of the bursa which includes how much shares can be distributed in the ESOS, the larger the share cap, the larger the number of shares that can be issued under the ESOS. The ESOS is a way of rewarding and retaining talent in the company. the way many of the employees granted shares under the ESOS have been exercising their options merely reflect the attractive potential and performance of the company. Not much that we can do about that.

tomorrow egm for approval of bonus issue; once approved and bonus issue complete, tentu untung lagi.

this counter is a 3-legged horse, can't perform. Tiap tiap hari pun turun harga.

how come trading for this counter, everyone waiting for oct to come when there will be better info on the Splash issue? 2 sen dividend will be paid later this month. Tabung Haji also stopped buying. Tunggu durian runtuh atau apa?

exchange igb shares for goldis shares buat apa? goldis shares very tightly held and illiquid.

see the revised proposal from goldis? pure rubbish. Like I hv mentioned b4, goldis wants to buy a a sterling asset but wants to get it as cheaply as possible. it wants to have the cake and eat it too. The big minority shareholders like epf must press for higher price or else vote to reject offer. the epf owes it to their members to get top value for their investments.

Xijinping may be slated to visit M'sia around Oct 2017 after the Communist Party's national congress; if this visit is confirmed then there is no way the elections will be held in Sep, it is going to be way to disruptive. As for pmetal's current suspension, yes it is a bit long but it is definitely legal and is not in breach of bursa's listing requirements, so why so many negative comments? moreover this internal reorganisation has been widely publicised and shareholders have also received prior info about it already, so what is the problem now? It is not like suddenly the counter got suspended and everyone is in the dark. Like I mentioned b4, the counter is for holding and not for trading.

dark forces are at play here? sell and put your money elsewhere; how can a solid counter move up and down in such a volatile manner over such short periods? no fundamental reasons at all.

The issue here is for EPF and the other big shareholders to press for a fairer price b4 agreeing to the takeover by Goldis. Btw, I don't think Goldis will want to dispose off IGB, that company is practically a gold mine, that's why Goldis is proposing the takeover. Only thing is the price offered is too low. Goldis is trying to buy a diamond for the price of a marble because they think they can. It is up to EPF and the other big minority shareholders to teach them a lesson.

Goldis has the resources to finance the takeover, so don't talk rubbish iristan, and that has been revealed when they proposed the takoever.

auntie sarah's handbags all from pasar malam

mamacat is right; 3 legged horse always lose in races. other counters fly during the bull run, this counter only crawling along

like I said earlier, this counter is a 3 legged horse, tak boleh harap

hng33, don't pay attention to gt, he's like NATO, no action, talk only. gt is here to just pass time only and gets off by spouting gibberish and rubbish like asian markets collapsing and genting dropping to rm7.80. gt probably doesn't even trade at all since he is all the time waiting for genting to go below rm7.80 or for the WA to go below rm1.30. Betul betul "ka kee kong, ka kee song"

opened so what? Genting still trading at a big holding company discount, the counter is running like a three-legged horse, good for nothing.

hahaha! I think auntie sarah will prefer a king (like you) to a commoner like me.

auntie sarah is here to comment whenever she wants someone to play with her.

tan lucy, good luck to your profit taking but I don't think the VS faithfuls here will take your advice.

i would like to see the announcement made to the bursa with regard to the resumption of trading in the newco. how can the suspension be 3 whole weeks? Not as if this is a super complex exercise requiring alot of tweaking of the bursa's system.

happy 123, suspension of trading from 19th Jun, entitlement is 23rd Jun, admission of shares in newco to Bursa still not announced; where did you get your info? did I miss something?

From Maybank :
V.S. Industry (VSI MK)
by Ivan Yap
Share Price:
MYR2.03
Target Price:
MYR2.85
Recommendation:
Buy
Within ours but beat street’s
9MFY7/17 core net profit of MYR122m met our expectation at 71% of our full-year forecast but beat streets’ estimate at 75%. We expect 4QFY17 net profit to sustain at MYR50-58m to meet our FY17 net profit forecast of MYR172m. Our forecasts are unchanged but we see further upside in the Malaysian operation should the box-build operation progresses faster than expected. Higher TP of MYR2.85, pegging a 17.5x CY18 PER (previously 14x CY18 PER). Reiterate BUY.

2 sen drop is nothing lah.

door gift is a miniature aluminium ingot?

my comments relate to VS, not dutaland; I don't give a shit about that counter

agm done yet? any comments?

Tan CK, from the last BS date till the end of the 3Q Fy17, CA and CL rose by about rm400m each, mostly from the increases in trade receivables and payables; while short term loans rose rm110m+, this has been more than offset by the increase in cash and in inventories. Given the big jump in revenues, the movements in the CA and Cl are to be expected, and if you consider the net CA position as at last BS date and as at 3Q date, there is actually no change at all. Don't panic.

in the apr -jun quarter, the logistics costs for Pmetal should see savings, hence contributing to a healthier bottom-line.

auntie sarah, why don't you just go play with yourself?

the EPF should press goldis for a higher price that more closely reflects the true value of the shares in igb. the EPF should exact the highest gains possible from its investments so that it can pay a higher dividend and better fulfil its obligations to the millions of employees that contribute to the fund. The EPF owes a moral duty to its contributors to not sell its profitable investments at an unreasonably low price.

cash settlement prices for alum at the LME at 9 June 2017 is at usd1903 per tonne; dec 2017 bids between usd1933 to 1985.

nelson, pls understand that he coming exercise is not a bonus, it is an exchange, 1 pmetal share for 1 new co share; after that Pmetal will be delisted and the newco shares will take its place on the bursa. if you sell all your shares in Pmetal, you will get zero shares in the newco.

tourism tax only very minimal impact on gent; this was commented upon by several analysts some time back when the tax was finalised

want to see price change everyday and get excitement, play genting warrants or aax or dnex or whatever is hot for the day.

fatcow is correct. hold till end of fy17 and sure will durian runtuh. fluctuations in the share price is expected but all the catalysts for upside for PM are still intact. go attend the AGM and ask the BOD if want more info about the prospects.

vs announcement of qr results usually around end of the month. hold tight. don't sell or there will be regrets later on. i bought in jan and still holding. never considered selling because the 2H of FY17 will be even better for VS (very super). lol

buy this if at 1.50 and get 2 sen dividend per quarter. the counter is still cum div now. quite certain another 2 sen div come aug. when october approaches and the water talks for splash between the maj shareholders of splash, the federal gov and the selangor gov give more clarity, the counter should trend upwards. believe it or not.

bursa closed on monday

overall market down