Icon Offshore already dropped 80%, todate, performance worst than UMWOG

this one down 80% frm ipo price. no more tears, all dry

You dont have to envy us, you have many good stocks, eg MP Corp PN17


Posted by calvintaneng > Aug 2, 2015 09:14 AM | Report Abuse

Sunday is here again!

Go see www.chick.com

the last one out will have to carry the baby and losses
goody luck guys

At the moment, info is still lacking whether there is plan to delist the company although it is more likely heading that way than not. that is the risk and thus the 10 cts gap. more info will be released subsequently.

I guess, chances of delisted is high as KA already owned 77% and unknown % of friendly parties in the minority group.

Now is good time for KA to restructure KAF group and develop its lands at Kia Peng and Pork Diskson too.

It is a matter of pricing to satisfy the minority. Unless, KA wants to keep the company to be listed, which i think is unlikely

As mentioned by Tony, BCB share price already shot to 1.30, above offer price of 1.0. this will happen if shareholders and investors sense that there is more value in the company than the offer price

INVESTORS now are much knowledgeable and know the value of each company. Minorities have to fight and seek a fair value

Speculators and traders will also jump in the bandvagon if they find offer price is below fair value and chance to MAKE good MONEY. One such investor is Dr Yu Vs HL Capital

this will push the price above offer price and force offerer to REVISE price upward

Today, about 2000 lots done and the share price already gone up by 53cts.

Minority shareholders comprised 24% of paid up capital holding 28 million shares.

Thin trading volume showed that few minority shareholders are actually selling.

Majority of the minority shareholders are actually holding the shares for long term for steady dividend yearly and the company is cash rich with 200 m and land banks now valued increased to more than 100m.

Khatijah has been planning to restructure her business group since 6 yrs ago, based on rumours circulating at that time, until finally decided to announced takeover yesterday.

I think KA is seriously keen to takeover KAF S&C to restructure her business group and to eventually list KAF Investment Group ...

As such, minority shareholders shud reject the offer 2.70 and seek higher price as the land bank held by the company had appreciated by 80 m.

Delloyed Venture was privatised last year at much higher price than first offered price as the company land banks have appreciated with good development potential. The same with KAF S&C.

Reject the offer

Minority shud hold and seek higher price eg HL Capital and Delloyd

I got the email address and phone no. from Minority Shareholders WatchGroup

email - mswg.ceo@mswg.org.my
phone no. 03 - 20709090

all minority shud complain to MSWG about unfair and oppressive major shareholders

Reject, this is plain oppression of minority shareholders by the majority

whatever the capital appreciation of property value for the past 20 yrs is not share with minority, what nonsense?

we shud also write to Minority WatchGroup to help fight this case



Posted by Goodstock > Jul 31, 2015 07:29 AM | Report Abuse

I would not accept the unreasonable offer price unless it is above RM3.50/=. All minority shareholders, let's fight for a fair offer price or else REJECT the MGO by the major shareholders.

Minority shareholders around 24% shud reject the under price offer of 2.70.
Seek a higher price.

Hope to see a Dr Yu aka minority shareholder of HL Capital - offer price around 1.80 but the share ended up above 12.00, ha ha



nice1 If privatized, hope the offer price is acceptable to minority shareholders

NTA 2.03, excluding revaluation of property in KL and NS, easily another 60 to 70cts

Assuming price at 1.4 times x 2.03 =2.84 + 0.65cts (property) = 3.50 is a fair price

any price less than 3.0 is unfair

30/07/2015 06:50

offer price rm2.70 is a dissappointment but expected

PROPOSED ACQUISITION BY KAF INVESTMENT BANK BERHAD (“KAFIB”) OF 92,090,000 ORDINARY SHARES OF RM1.00 EACH IN KAF-SEAGROATT & CAMPBELL BERHAD (“KAFSC”) (“KAFSC SHARE(S)”), REPRESENTING APPROXIMATELY 76.74% EQUITY INTEREST IN KAFSC (“SALE SHARE(S)”) FROM AKKA SDN BHD, AKKA HOLDINGS SDN BHD, DATUK KHATIJAH BINTI AHMAD AND THARIQ USMAN BIN AHMAD (COLLECTIVELY REFERRED TO AS “VENDORS”) FOR A TOTAL CASH CONSIDERATION OF RM248,643,000 OR RM2.70 PER KAFSC SHARE (“PROPOSED ACQUISITION”); AND UPON COMPLETION OF THE PROPOSED ACQUISITION
PROPOSED MANDATORY GENERAL OFFER (“MGO”) FOR ALL THE REMAINING KAFSC SHARES NOT ALREADY OWNED BY KAFIB AFTER THE PROPOSED ACQUISITION FOR A CASH CONSIDERATION OF RM2.70 PER KAFSC SHARE (“PROPOSED MGO”).
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)



The Board of Directors of KAFSC wishes to announce that the Company has today received a notice from KAFIB in relation to the Proposals (“Notice”) in accordance with Section 11(1) of the Malaysian Code on Take-Overs and Mergers, 2010 (“Code”) and Paragraph 1.1(a)(iii) of Practice Note 11 of the Code. KAFIB has informed that, pursuant to Section 218(2) of the Capital Markets & Services Act, 2007 and Section 9(1), Part III of the Code, KAFIB will be obliged to extend the MGO to the shareholders of KAFSC for the remaining KAFSC Shares not already owned by it, upon the Proposed Acquisition becoming unconditional.

Please find enclosed the Notice in relation to the Proposals. This announcement is made in compliance with Section 11(2) of the Code.

This Announcement is dated 30 July 2015.

If privatized, hope the offer price is acceptable to minority shareholders

NTA 2.03, excluding revaluation of property in KL and NS, easily another 60 to 70cts

Assuming price at 1.4 times x 2.03 =2.84 + 0.65cts (property) = 3.50 is a fair price

any price less than 3.0 is unfair

http://www.theedgemarkets.com/en/article/kaf-seagroatt-campbell-may-be-taken-private-source

KLUMPUR (July 29): KAF-Seagroatt & Campbell Bhd ( Financial Dashboard)'s director and largest shareholder Datuk Khatijah Ahmad with a 73.33% stake, is expected to take the FINANCIAL services group private, according to a source familiar with the matter.

It isn't clear as to how much Khatijah would pay to buy the rest of the group. However, its shares are currently TRADING at RM2.08, above their net asset value per share of RM2.0366 as at Feb 28, 2015.

KAF-Seagroatt & Campbell requested today for the suspension in the TRADING of its securities tomorrow (July 30), pending a material announcement.

In a filing with Bursa Malaysia, KAF-Seagroatt & Campbell (fundamental: 1.45; valuation: 2) said it has today received a letter from KAF INVESTMENT Bank Bhd, stating it will be entering into a material corporate transaction involving KAF-Seagrott & Campbell.

KAF-Seagroatt & Campbell operates its business through four main subsidiaries — KAF INVESTMENT Bank, KAF Seagroatt & Campbell Bhd, KAF Fund Management Sdn Bhd and KAF Trustee Bhd.

The last time takeover speculation was doing the rounds was in December 2011, when The Edge Weekly reported that a Singapore bank was keen on acquiring KAF-Seagroatt & Campbell Bhd’s securities business. Bloomberg had then reported that Singapore-based OCBC ( Financial Dashboard) was eyeing to buy a 49% stake in the BROKERAGE business, at a price equivalent to 1.3 to 1.4 times book value.

For the nine months period ended Feb 28, 2015 (9MFY15), the group saw its net profit plunge 63.3% to RM4.99 million, from RM13.59 million a year ago, mainly due to lower brokerage and management fees income generated by the STOCKBROKING and asset management segments, respectively. Revenue for 9MFY15 also fell 19.3% to RM30.73 million, from RM38.09 million in 9MFY14.

The counter was highlighted as a STOCK with negative momentum by The Edge Research today.

KAF-Seagroatt & Campbell’s SHARE PRICE has been on an uptrend since last week, gaining 28 sen or 16% from its closing of RM1.80 on July 22.

Today, it gained 23 sen or 12% to close at RM2.08, giving it a MARKET capitalisation of RM222 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a STOCK is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

Log in to post comments.

Kaunter suspended for tmrow thursday, pending material announcement
Likely merger between KAF investment and KAFSC

The Company has today received a letter from KAF Investment Bank Berhad, stating that it will be entering into a material corporate transaction involving KAFSC.

In view of this development, the Company has today requested for the suspension in the trading of its securities from 9.00 a.m. to 5.00 p.m. on Thursday, 30 July 2015 pending a material announcement to be made.

The request for suspension is made pursuant to paragraphs 16.03 and 3.1(b) of Practice Note 2 on Requests for Suspension, of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 29 July 2015.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4814357

good show today
keep up the good goring work

hope is corporate restructuring or takeover, with much better upside than just bonus

2.0 +0.15

MAS, AAX - all in same boat - big losses
only bring misery

below 12.00 soon

new low every-die

someone is buying quietly, free float is getting smaller and smaller, much more easy to goreng

nobody can tell exactly

i think, you have to wait till oil price is bullish and above usd75/80, then only a chance to come back to IPO price

for simple logic, oil company must make money first before hiring more supporting services

for now is going south direction, destination south pole

heading south 1.48

so far so good as long as the price didn't drops
up for 2 straight days
slow and steady
naik sikit sikit jadi bukit

IVAN222, why don't u clear the 44cts to push

a high wall at 44cts but I think will be broken sooner than later

lets goring goring to north pole

if price up means QA coming

yea, goring goring goring, direction - north pole

we are at south pole here. terribly cool and gloomy
hope were are heading north at right direction
more heat, pls

how low can parkson go?

the counter is down for a year. may need few days to few weeks to warm up and generate interests

Posted by alibabacoming > Jul 21, 2015 01:23 PM | Report Abuse

Half day show

hope can goring kau kau

brace for waterfall to 12.00

predict 8 cts

predict 80 cts

selamat hari raya tok hadi, jangan kecewakan semua pemegang saham

12.00 coming, brace for more waterfalls

soon will go below 12.00

down every-die

1mdb bought the ipp at 16b
other firms want to buy cheap cheap below 14b, how lar
if not tnb, who else, price 16b and above? plus interest
yea, not their money, why shud they cares, they just know how to spend and spend
just to temporary solve imdb cash flow problems

no other firms will buy Edra at high price except tnb
more waterfall is expected

when foreign funds buy - everyone happy
when foreign funds sell - everyone misery

info from annual report, at least 50% of assets already lying idle if no contract extension by mid year

technically, price cycle always go up to the peak before descending

1.0 coming

drop everyday
how much lower?