Anyway, if say buyback, then they should not sell any shares.

Eversendai to resume work on 2nd liftboat within 3 to 6 months, says MD

Eversendai executive chairman and group MD Tan Sri AK Nathan said the second vessel will be revisited, after the company faced difficulties in market circumstance and funding.

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https://themalaysianreserve.com/2018/06/01/eversendai-to-resume-work-on-2nd-liftboat-within-3-to-6-months-says-md/

WHat is he trying to do?

--------------------------------------------------------------------------------------

Circumstances by reason of which change has occurred
1) Disposal of Shares
2) Acquisition of Shares


01/06/2018 11,500,000 Acquired Direct Interest
01/06/2018 11,500,000 Disposed Direct Interest

04/06/2018 1,500,000 Disposed Direct Interest
04/06/2018 2,500,000 Acquired Indirect Interest

Posted by Qwertyuiop > May 31, 2018 12:40 PM | Report Abuse

Those didnt buy dont need to be "red eyes" hahaha, pump and dump somemore? LOL


Posted by PiddleMinger > May 31, 2018 12:48 PM | Report Abuse

I've accumulated enough below rm 0.80. sit back and eat popcorn.


Posted by Stockmoneyklse > May 31, 2018 01:13 PM | Report Abuse

Those that didn't buy bang balls and started talking cock.so easy to take over myeg place in open tender can dream on as starting from scratch with big investment who so brave to invest so much money when myeg already running business


Posted by Stockmoneyklse > May 31, 2018 01:14 PM | Report Abuse

So in stock market in every stock also got stupid people who talk cock and show their stupidity

Posted by flash777 > May 31, 2018 03:36 PM | Report Abuse

This stock whether up or down evryday got sour grapes


Posted by whizzkid > May 31, 2018 04:27 PM | Report Abuse

again..I should remember..don't listen to bs..listen to u heart.



Posted by George Ken > Jun 1, 2018 08:36 AM | Report Abuse

lol ... who said bad news ??? hahaha

open 0.89 ... steady. only those miss the boat sour grapes will say bad news bad news


Posted by George Ken > May 31, 2018 05:33 PM | Report Abuse

hahah sour grapes ... tomorrow will march to 1.0 lor hahahahahahaha

thats why become fearful when everyone give up ...


Posted by John Rae Wang > May 31, 2018 05:40 PM | Report Abuse

Sohai.. want to scare at least put some logic. @unclelim


Posted by stockraider > May 31, 2018 09:59 PM | Report Abuse

those stupid news will not stop. myeg go 1 tomorrow



Posted by John Rae Wang > Jun 1, 2018 08:45 AM | Report Abuse

Bought at 0.82..hopefully go higher. Just scared of sohai investors panick sell off. Lol.


Posted by Qwertyuiop > Jun 1, 2018 09:05 AM | Report Abuse

Thank you, panic sellers selling without even know why they were selling.


Posted by Stockmoneyklse > Jun 1, 2018 09:48 AM | Report Abuse

Pangsai72 what limit down you talking.your mother pangsai you out don't simply pangsai here and there ok


Posted by tressele > Jun 1, 2018 10:15 AM | Report Abuse

come on guys! the chart proves that the price declining is over. It's time go highhh.. AIG contracts will covered the expiring foreign workers rehiring contract.


Posted by Qwertyuiop > Jun 1, 2018 10:41 AM | Report Abuse

lesson to panic sellers: Dont buta buta sell at brainless price without analysing the news.


Posted by Alex™ > Jun 1, 2018 08:13 PM | Report Abuse

See? I told u d, just buy and huat.


Posted by bennyloke > Jun 1, 2018 08:19 PM | Report Abuse

A bunch of limit down guys coming out with old news again hahahaha

Wow, I still recalled many people here saying some of us here "red eye" when commenting bad about the prospect of this counter.
It's price was RM0.86 earlier when they mentioned that.

Well, at least it close above RM0.90.
It's a good sign.

Ordinary Resolution
Proposed Shareholders’ Mandate for the Authority to the Company to Purchase Its Own Shares of Up To Ten Per Cent (10%) of Its Total Number of Issued Shares
373,444,351
100%

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=14962&name=EA_GM_ATTACHMENTS

MYEG IPO listed with market cap of ard RM100 mil.

Many had already profited from this counter even it drops to RM0.10

@ Lukesharewalker

Good point.

@ PlsGiveBonus

It's quite different.
MAS is owned by gov and MAS has huge assets where the planes net off depreciation are worth billions.

MYEG is privately owned and does not have much assets and almost 100% relying on Msia gov for contracts.
If gov axe all contracts, I doubt that there's any value left.

Normally, share buy back will be approved.

So far have yet to see any share buy back proposal shot down.

So far haven't heard anything for West Coast Expressway project which cost about rm5bil.
The government might be too busy with big ticket projects.

Both EPF and KWSP had been disposing.

Was wondering who is buying up?

Anyone knows if GKENT bids for overseas rail way project?

Yeah, no volume.
Not much direction or catalyst to move.

Touched rm0.60.
Hopefully, there's no more selling pressure.

@ WD40

There's one more project: Gemas-JB Double Tracking.
I'm not sure if this is priced in yet.

Next few months will be interesting to watch as each government department will review and evaluate whether to continue to partner with MYEG for its services.

Food for thought: Everyone know MYEG is highly profitable, and government department will definitely not want to miss out this opportunity to do it themselves.

@ Nikmon

Share with us on your breakdown of RM5.6 bil order book since you commented mine is wrong.
It's a discussion only.

@ Nikmon

You may not agree with what some of us is writing and it's fine but I hope you shouldn't be rude as I did not offend your post.
I'm adding on to what KLCI King had mentioned and he brought up a good point.


Anyway, my first point was correct. The LRT Ampang Extension project had completed in 2016 and all it's revenue was recognised.
That's why a VO was issued.

2. The VO was highlighted as in the article below.
3. The AR did state the inflated order book. So did the QR.
That's why some of us are disputing the order book mentioned in the AR & QR.



There are many AR & QR which are manipulated for creative accounting and there are many cases which lead to criminal case. Just to quote a case study: Transmile Group Bhd
--------------------------------------------------------------------------------
http://www.theedgemarkets.com/article/george-kent-seen-proxy-rail-job-rollouts

https://www.pressreader.com/malaysia/new-straits-times/20160628/282699046440882

@ xiaoji

No cursing from me.

Just to highlight the future prospect of this company.
Besides, Gkent has not replenished its order book for almost 2 years.
Many see the price collapsed as good opportunity to enter which is good but some of us just want to remind certain things before you proceed with your decision.

Looks like either the toll owners will likely get the following:

1. Government buy the toll assets and payoff bondholders , plus offer compensation
2. Government payoff bondholders, buy toll assets
3. Government buy toll assets

@Qwertyuiop

So you were saying?
---------------------------------------------------------------------------------

Posted by Qwertyuiop > May 31, 2018 12:40 PM | Report Abuse

Those didnt buy dont need to be "red eyes" hahaha, pump and dump somemore? LOL

@ Nikmon

TOTAL ORDER BOOK TILL APRIL 2018= RM1.261 BIL

Using your list of order book.

I'm not sure which article from KLCI King you refer to but the orderbook breakdown should be as follows:



1. Ampang LRT extension (completed in 2016)
2. Hospital construction (RM364.9 MILLION + RM277,190,000), remaining:RM481
3. LRT 3 (6% fee of project progress billing: Gkent 50% portionof RM4.5 bil, net=RM270M till 2021
4. Provision of water meter to Hong Kong, Singapore (RM 28.72 million + RM31.19 million)
5. water construction (PNG Water Concession: + Binzhou Nanhai water supply project in Binzhou City, Shandong)(~RM40M till 2020)
6. MRT2 CCCC:GK , Gkent portion(till 2022) is 49% =RM491M (RM1,007,288,168.00 )
Remaining portion= RM411
-----------------------------------------------------------------------------------
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=81900&name=EA_GA_ATTACHMENTS

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=76847&name=EA_GA_ATTACHMENTS

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5248561

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5190649

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=68368&name=EA_GA_ATTACHMENTS

Based on annual report, the order book reflect the RM4.5 bil as the PDP 6% fee is based on project progress billing.
Thus, GKENT include it into its order book.

However, you're right that this figure inflated the actual order book value needed to be delivered by GKENT.

Good eye!
Hopefully, IB and analyst will highlight this clearly in their future analysis.

@ Nikmon

Well, sooner or later, when IB or analyst starts to put their revised TP, it will be reflected in the stock price.

The LRT3 portion for Gkent(50%) is only based on 6% fee instead of the entire project value undertaken.
--------------------------------------------------------------------------------

Further to our announcement on 7 September 2015 and 23 October 2015 , the Board of Directors of George Kent ( Malaysia) Berhad (“GKENT”) wishes to announce the following in respect of MRCB George Kent Sdn Bhd ( the "JV Company") appointed as PDP for the Project :

1.The authorised share capital of the JV Company was increased from RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each to RM25,000,000.00 divided into 12,500,000 ordinary shares of RM1.00 each and 12,500,000 redeemable preference shares of RM1.00 each, and


2.The issued and paid up share capital of the JV Company was on 30 October 2015 increased from RM2.00 to RM10,000,000.00 with the allotment of 9,999,998 ordinary shares of RM1.00 each at par, to the following shareholders :


Name of Shareholder

No. of Shares

Percentage Holding


George Kent Rail Sdn Bhd (“GKRSB”)

4,999,999

50%


MRCB Builders Sdn Bhd (formerly known as Gelanggang Harapan Construction Sdn Bhd)

4,999,999

50%

Total
9,999,998

100%


The subscription sum of RM4,999,999.00 by GKRSB for the abovementioned investment in the JV Company was funded by internally generated funds of GKENT. Concurrently, the issued and paid up share capital of GKRSB was increased to RM5,000,000,00 by the additional allotment of 4,999,998 ordinary shares of RM1.00 each at par to GKENT. The authorised share capital of GKRSB is currently RM5,000,000.00 divided into 5,000,000 ordinary shares of RM1.00 each.

The abovementioned investment in the JV Company does not have any effect on the share capital and substantial shareholders’ shareholdings of GKENT and there is no significant impact to the earnings per share, net assets per share and gearing of the GKENT Group for the financial year ending 31 January 2016.

None of the Directors and/or major shareholders of GKENT and/or person connected to them have any interest, direct or indirect, in the abovementioned investment in the JV Company.

This Announcement is dated 2nd November 2015.

PDP Fee= Revenue

@ brisket

Crude oil falls from USD140 at peak to USD30 lowest, many large oil & gas company scrapped their large drilling and exploration plans in view that it does not have much profit margin.
This will hit 2nd liner and 3rd liner upstream companies who provide services to them.

Sapnrg has both e&p and services since it is a merger between Sapura & Kencana.
Based on annual report, the company made much investment and purchases of equipment when crude oil was trading between USD90-USD120.
Thus, the huge impairment that has to be made which cause the massive losses to the company.

Currently, the company replenishment of order book is slow and company has many oil rigs staying idle.
But the company is slowly gaining the momentum recently, since the crude oil is trading above USD60 which helps to bring back some biz and hopefully some new tenders.

Anyway, still long way to go before it reaches back to RM4++, provided crude oil can stay above USD90 for 3-5 years.

@ erkongseng

Good job. Impressive analysis on Gkent.
The only concern is the future earnings.
No matter how great this counter's fundamental, without any future project to boost it's current orderbook, the counter is practically hopeless.
Since the last project(MRT3) award to Gkent was scrapped, it means almost 2 years without any project replenishment.
Hopefully, things will change.

Wow, this counter everyday heavy volume

http://www.theedgemarkets.com/article/eversendais-first-liftboat-vahana-aryan-be-delivered-early-june

@ allenroy

Based on the previous dividend per share of 9.5 cent last year, it will provide a yield of 8% based on current share price of RM1.18.
But the dividend may be much lower if the company proceed with share buyback aggressively.

Typical pump and dump. Look at the huge volume.

Oil and gas companies not looking fine with Q1 results

-------------------------------------------------------------------------------------
https://www.nst.com.my/business/2018/05/375034/oil-and-gas-companies-not-looking-fine-q1-results

@ propsushi

The purchase is too small. Not enough to push the share price unless they buy up 10% of more of the share issued.

YTL family is buying but not much to prop up the share price unless they are buying up 10% of share issued or more.

@ moneykj

I think more like going the other direction.

It looks weak and selling pressure to continue.

Looks weak today and likely selling pressure to continue.

At this price, the counter offers very attractive value.
Unfortunately, the uncertainty is weighing on the stock price.
Will have clearer picture very soon when CEP decides the proposal for toll owners.

No volume today.

@ wilsonboon

Just a thought:
It has a large construction order book currently at rm4bil++
This quarter's construction segment did not reflect it, something is not quite right.

Wow, revenue dropped a lot.

@ digidigi

Selling pressure not completed yet.
Buy in later.
Have many opportunity.

Bandar Malaysia is likely to be scrapped as well.

@ Mary Tan Ling

Accumulate on weakness.

@ hellbender

Read my post bro.

@ WD40

My opinion is the good old days during the 1990s is gone.
Relying on government contract these days are not reliable biz anymore since government can always change hands, proven in GE14.
There are still value in the company with the 2 power plants completing in 2020 onwards, but other than that, I think not much the company can offer.

It's time to switch to other companies with reliable and trending biz especially in e-commerce and IT sectors.

Wow, 2 support level broken back to back over last few weeks.