stock looking good today

will collect dividend in mid july
just in time for Raya

I thought below current price is a good deal
Round 1 over and done with
the game not over yet
not so early
I guess there will have few speculative rounds

those who bought now all hangus in round 1
price dropped steeply

plenty of hot air on oil and gas stories but share price going
opposite direction

if TTB knows the market is going to crash, he will park 100% in cash, nil stocks

He didn't, what does it means?

Now ICap is high on cash and on look out for value stocks
Quite normal for fund managers to reshuffle their portfolios

Icap is cash rich now as reported

Is interesting to know what Icap has sold lately??

Padini? Parkson?

agree, suspension wont be lifted anytime soon. debts negotiation
and restructuring take time

well, a little longer time, perhaps in few months, is better than suspended forever

just kaypoah opinion

Thanks hhakim for sharing interesting oil and gas stories in Kazakhan

How you end up there

Ok thanks, dividend is RM2.50 per 1000

dividend 2.5 cts, is it RM25 per 1000? if yes then 10% yield

new shareholder came in with a big stake, though the amount may be chicken feed to him. lately

possible of restructuring or scrap value in it

read bursa malaysia on shareholding, tan por yee just became major shareholder a week ago

so funny to see you guys making assumptions without reading the history

10 to 20% profit growth is achievable, write back from
Libyan project already can achieve the figure, no to mention property
dev project

agm today, any interesting news?

Today is the last day for investor that interested in 4 cts dividend, stock will ex-dividend tmrow Friday.

As yesterday closing was RM1.19 - 4 cts = RM1.15 and the return is 3.3% in a day (vs bank fd in a year), assuming the share price is unchanged.

PN17 can raise RM400m to pay the vendor, i salute him for a job well done

Tey may have saw value in it
assuming 20cts a piece for 18% stake, less
than RM4m

Caiyi, I am not sure as market is not steady.
At the moment, The market direction is hazey downward.

Perhaps, Halopanda can answer you better

why the fund manager sold few counters at limit down and bought 2 counters at limit up, we all can only guess and guess

this is the work of fund managers for reasons only known to them

my guesses, may sound silly

1. all counters limit ups and downs done by same fund manager

2. selling few counters limit down to fund purchase of JCY and Star at limit up

3. related parties to the fund manager are selling JCY and Star, to cash out using other fund accounts to absorb (this is always done by pnnb to pay dividend and year end closing)

4. the fund manager is making good profit this year, so a little of charity work is fine

Just guesses

good coverage from Apex for a start

Write back from Libyan projects and new projects will increase coverage further

I think need to understand how the matching works at 4.45pm

If I want to force sell at large volume for fund managers at the same time i get my colleaques to buy at bargain immediately

then those queue first will get the priority?

those keyed in later, will still stuck in long queue?

banyak orang cakap, ini bagus, kena tengok

very steady even during heavy thunderstorm today

For some oil counters PE is 30 to 40 times

I think Protsco profit is definitely higher this year. I guess easily more than 10% net than last yr

From property development and write back from Libya project. Conservatively 50% write back from RM20m written off in Libya (based on yesterday Star report) is RM10m. RM10m is 28% of last year net profit.

Hope to see upside suprises in P&L this year

average dividend yield is 10%, 3 times more than FD and not to
mention capital gain

Protasco going back to Libya, seeking compensation from Libyan Govt

KAJANG: Undeterred by previous losses, Protasco Bhd, a mid-sized integrated infrastructure company, is returning to Libya after halting operations there due to a revolution.

Group managing director Datuk Chong Ket Pen said the company was restarting business in Libya at end-June after exiting the country two years ago.

“We have written off RM20mil in provision in the past two years for our halted operations in Libya.

“Our machines are still there. We've been asked to start work by the government and our team has gone back a few times,” Chong told StarBiz.

He said Protasco's operations in Libya had been profitable until the revolution interrupted its business. Libya is currently undergoing political reconstruction.

“We tend to gain than lose, given that we have written off all our provisions in the past two years. There will be no more losses,” Chong said, adding that it was also seeking compensation from the Libyan government.

He said the firm still had some RM60mil worth of jobs from two contracts in Libya to be done.

“It will be good if we can get some compensation. We are seeking compensation for loss of income and depreciation of machines,” Chong said.

In the past, analysts have pointed out that Libya was a promising market for Protasco. Libya was once touted as the next gold mine for Protasco to strengthen its order-book before the revolution happened.

On Protasco's overseas projects, Chong said the group would continue to seek opportunities in other countries to sustain growth.

“We will focus on countries within a four-hour flight zone. It is easier for us to manage,” he said.

Chong also said Protasco was working on the second phase of its property development, De Centrum City, bidding for some infrastructure projects as well as conducting due diligence to venture into the oil and gas business in Indonesia.

Protasco had announced earlier that it was buying 75% of oil and gas outfit PT Anglo Slavic Indonesia (ASI Group) from PT Anglo Slavic Utama for US$55mil (RM168mil).

“We're still awaiting the due diligence report. If it is favourable then we will call for an EGM to put forward the proposal to shareholders,” Chong said.

If the takeover is successful, the move into the energy sector will enable Protasco to diversify its earnings.

ASI Group operates 30 oil wells in the KST Field, located in Aceh Tamiang Regency of Nanggroe Aceh Darussalam Province. It is part of a bigger Rantau Block, which has a total 600 production wells.

On the second phase of De Centrum City, Chong said the gross development value (GDV) was about RM400mil. “We will launch it in mid-2014.”

He said the phase two would be a mixed development consisting of residences, offices, convention centre and a four-star hotel.

Chong also disclosed that the company was negotiating with potential clients for en-block purchase.

De Centrum City is a 87-acre property development with a GDV of RM6.6bil. The GDV of the first phase was RM250mil and shops built in that phase are fully sold.

Going forward, its property division is expected to contribute some 15% to its earnings.

Chong said Protasco's earnings visibility was “positive”. He explained that based on its RM1.7bil order-book, it would translate into some RM400mil a year.

For the first quarter ended March 31, Protasco posted a net profit of RM4.9mil on revenue of RM134.7mil.

Over the past five years, Protasco has been paying consistent dividend. In the financial year ended Dec 31, 2012, the company paid a total 14 sen net dividend per share.

Chong said the group had no dividend policy at the moment but was comfortable distributing 50%60% of its net profit to shareholders.
The Star

with free flight ticket included, likely open around 1.25

another KNM in the making?

not so easy la. also need cabinet apprval

tarif n fuel past tru - next week. so easy????
true or false?

market correction is good time to buy

awaken 8.40

further action today?

out of steam, probably period to consolidate before the next storm

inching up everday, up 3 cts, good enough for me

interesting story, price going down with volume

i guess fund managers are selling

ICap also holding quite a substantial stake

Yes, China's GDP growth expected lower than expected but with huge population in the country, dont think much impact significantyl

I guess the untold story could be dwindling business due to competition from other complexes

One good example locally is Big Hypermarket at Kelana Jaya is having much fewer visitors after Paradigm complex opened a year ago, same scenario elsewhere when more complexes are build

Mars

That is good news for Protsco with interest in oil and gas in Indon

No way can get in Malaysia, all sapu by those well connected politicians family eg SKP, all putera and tengku...

Mamee, your writing like maggi mee
means what

energy counter with 2.2m profit, looks like more water and hot air than oil business

oilbull

if the oil field hit jackpot, i will calculating PE of 30 to 40 times
from present less than 10

thomas

what news. plse share

looking good this morning with higher volume

true, oil and gas stocks are in play

what take protasco so long to get it done with the acquisition. just want to enjoy the bull run

halopando

what is the status of the oil and gas acquisition. any news?
O&G theme in play.

inching up to 1.14, resistance at 1.15
once 1.15 taken out, will see fast actions

8.80 coming soon