Next stop at 4.50

Good opportunity to accumulate.

Soon to reach rm1?

Waiting for Uncle to take profit is much better.

Better hope crude oil don't turn the other way around.
Another margin call for him will be bad you guys again.

Already reach 76 cent about 2 weeks ago.

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Posted by Friendship > Jan 7, 2019 11:44 PM | Report Abuse

May have profit taking soon
But no need panic
Can buy back cheaper around 0.85 soon

Have new CEO in place should perform better.

Time to get out when he's in.

Any news on the gov buying up the tolls?

@ dragonslayer

Looks like you also dunno.
Better keep quiet next time bro

@ dragonslayer

Yup. I'm newbie.

Please name the counter where rights issue greater than market capitalisation.

Want to study it.

First time seeing rights issue value greater than the market capitalisation of the counter.

@ Victor Yong

You must be holding a lot of YTL shares.
Doing heavy promo for them.

WOw.
What happended today?

C3 mentioned that share + cash to fund the purchase.
Assume new share issue of 1 bil shares @ 12 cent per share gives RM120 mil.

Balance RM47mil paid by cash.

Total share issued will be close to 2.9 bil shares.

Profit guarantee of RM14.8 mil will give EPS of 0.005.
A PE of 10 will give it fair value of 5 cent only.


Someone mentioned RM25 mil profit.
Even with that profit with PE 10 will give you only 8 cent.


Maybe some may argue PE 10 is too low.
Let's give PE 20.

At 14.8 mil and 25 mil profit will give you 10 cent and 17 cent.
Not much upside if you think about it.

But from market cheaper than the rights share.

@ Daily8

Seriously?

PUC issue new shares and buy PictureWorks.
CEO gets the money and say sayonara.

Wow.
Finally the CEO managed to dispose his ownership in PictureWorks to PUC for RM200 mil.
Smart biz people.

Any idea whether Airasia will still have any planes left as asset after the recent sale?

Seems stabilise after the drop from RM7.

Seems crude oil price still correcting.
Going back to all time low of USD26 pbl?

Back to 2016 stock price?

Wow.
Notice of ceasing to be substantial holder - EMPLOYEES PROVIDENT FUND BOARD on 18-Dec-2018.

Wow.
Those subscribe to right issue at 30 cent, would definitely regret.
Now open market selling cheaper.

@ ks55

Good question
The answer is 7 cent based 30% premium.
Fair value of warrant in the money.

Unlikely the news about bad QR result can lead to limit down.

There should be some manufacturing or customer issue.

Watch out for the bursa announcement by end of the day.

Continue limit down tomorrow?

@ qqq3

Remember Renong case.
It's shareholders fund is almost RM4 bil in 1990's.
Almost 5 times Jaks size.

Still FALL due to debts and mismanagement.

Wow.
Right issue undersubscribe by 60%.
No words to describe the disappointment.

By the way, JAKS is replacing some water pipes in Bandar Kinrara.
The road towards BK1 is partly blocked since early 2018.
Until today never seen any workers or machineries moving or doing anything.
The road blocked cause traffic jams especially during peak hours.

Our issue for a simple water pipe change is small as compared to the property development in Section13 PJ.

I don't think the company is running anything at this moment.
Probably all operations had ceased since the legal action started.

Why is it that when Sapura Energy announces a big job, there is little excitement?
TheEdge: Why is it that when Sapura Energy announces a big job, there is little excitement?

Shahril: I cannot answer that question. I don’t know, maybe there is a lack of understanding and appreciation of the company and the industry. We have been in a difficult situation for three years, so changing three years of conditioning is going to take some time. And to change it, we must show results.

I think once we start showing results in the next couple of years, only then will the mindset change.


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https://www.klsescreener.com/v2/news/view/468994/cover-story-sapura-is-misunderstood

It's interesting to see that the CEO is not willing to fully subscribe to it's rights issue allocated to him.
Instead he prefers to let his shareholding being diluted.
In other words, he is not confident of his own company performing and expecting his shares to be worthless in the future.
If his share price is worth RM3.00 per share in the next 5 years, don't you think that subscribing to the rights at 30 cent per share sounds enticing?

Think about it.

3 OSV contract awarded by PETRONAS, Exxon Mobil & HESS
Is it good?

The EGM results not out yet.
The proposal of bonus issue still pending?

News of government reviewing the company's services?
Is it because it's profitable that the government will want to operate it instead.

TS Wong is still buying up his share.
Good?

I don't think it would be an impressive quarter.

@ Halite

Are you buying?

Wow.
Almost 52-week low.
The Apple has really taken a bite at Inari.

Small drop only?
The legal action issue previously triggered a 1-day limit down.

WOw. Breaching Rm1 soon.

Waiting for more cuts

The group CFO has to say positive development about the company. Else, he may lose his job.
Have to be very careful with fraud accounting also.

@ DK66

The profit growth may be affected by the local property segment. It seems getting worse by the quarter. Any profit that comes in from the power plant have to bail out the local property segment.

The counter's latest 2 consecutive quarter results also registered declining sales and profit.

Hopeful for the crude oil to recover back to USD65.

The Apple news really hit the tech sector hard.
Surprisingly, Apple only hold 12% of smartphone market share.

@VV753838JJ

Impressive dividend.
Maybe 10 years later.

May have negative goodwill again in this coming QR.

@ cbtinvest

Yup.
Many of us hold for some years already.
Ignore those so called professional investors and theory of buybuysellsell.

It's already proven by warren buffet, the one who holds longer than most individuals here and is a billionaire.

Haven't seen any day trader or speculators in the Forbes 100 billionaire.

Let them talk so long they're happy.