Thanks for the technicalities, silenttrader.

Thanks for entertaining us. :)

I need $. Can I give you my mailing address so that you can write me a cheque of donation? :)

Simon84 not feeling well? Rest well, my friend.

The QR would be out before/by end Feb15, and officially no announcement needs to be made on when the QR would be announced. :)

To prove a point that Simon84 is not an 'Apple Conman':

http://www.cnbc.com/id/102372969

:)

Ibrahim Mat Zin + Rosmah >>> Power.

As the chairing country of ASEAN for 2015, Malaysia has got quite a bit to window-dress to demonstrate reasonable example to the other fellow ASEAN countries. :)

Good info sharing here. Keep each other posted. :)

So the more the agricultural board needs to endorse the product so that the country's GDP from exports can see explosive effect and also help the world's starving population. :)

Did someone inject steroids into AsiaBio?

;) Happy to see fellow investors happy, wherever they may be. :)

This is actually a good sharing platform for participants to learn from the experiences of others on TA/FA, in relation to this counter. As a noob, I am benefiting for sure. :)

Not bad to see Brent this morning. :)

Good morning, folks

Good morning, folks

I can see where duitkwsp is coming from. Unless one feels that any given country operates in an isolated paradigm, the surrounding should not be ignored.

It's good to be cautious to safeguard our individual investments.

This one, bro...

http://www.weather.com/storms/winter/news/winter-storm-juno-blizzard-boston-nyc-new-england

May this reduce crude inventories level in the US and we see some upsides in oil prices. He..he..

Hope my American mates are ok.:)

I can feel the impact of the blizzard from the dow. Wow.

Maybe something like MAS website...Bursa see komodo dragon on screen :)

Don't doubt magical Rosmah...:)..where possible becomes probable and then proven..

Have a good evening, folks.

Have a good evening, folks.

:) Let's look at the Q4, DreamWarrior.

The prior quarter results showed what had been attained but I am more inclined towards what is going to be attained and the forward looking business outlook/prospects.

Asiabio? Can't be that bad if Goldman Sachs bought in previously based on their panel of analysts' opinion? Consider me lucky. :)

LOL. Prudent investor mindset, DreamWarrior. :)

@DreamWarrior: I see conflicting write-ups among the papers that cover the issue. So I do not want to provide misleading posts unless I am comfortably sure. I have the impression that Semua is completely out of Sumatec post-regularisation (?)

Asiabio is an incubation fund focusing in biotech sector, and this HOA came as a surprise to me being vested in Asiabio. But in any case I have no issue to continue monitor the situation since I entered Asiabio when Goldman Sachs 'dumped' back in early 2014.

It is premature to talk about synergy at this juncture, while let's focus on Sumatec's operational progress and sustainability while remaining vested. :)

@alex_theking: Let our friend do his underwear fitting in peace..:)

KUALA LUMPUR: Asia Bioenergy Technologies Bhd (AsiaBio) is seeking to venture into the oil and gas (O&G) transportation industry through the proposed acquisition of two shipping companies for downstream activities.
The company is an investment holdings company that operates as a technology incubator, particularly in the bioenergy sector.
AsiaBio on Tuesday entered into a Heads of Agreement (HOA) with Hoe Leong Corporation Ltd (HLCL) from Singapore and Reachmont Logistics Sdn Bhd (RLSB) to facilitate the acquisition of Semua Shipping Sdn Bhd (SSSB) and Semado Maritime Sdn Bhd (SMSB).

Speaking to reporters after the signing ceremony, AsiaBio's Non-Independent Executive Director Steve Tan Sik Eek said the HOA would provide an avenue to expand into downstream O and G activities.

The HOA indicates that the definitive agreement for the transaction is subject to regulatory approvals and has an exclusivity period of three months.
Tan said through the HOA, the shares in SSSB and SMSB will be transferred to a Special Purpose Vehicle (SPV) collectively held by HLCL, Ebony Ritz Sdn Bhd and RLSB, and would eventually be acquired by AsiaBio via shares swap worth around RM16mil.

This will in turn make the SPV a 25% stakeholder in AsiaBio.

He said the SPV would provide a profit after tax (PAT) guarantee of RM8mil for the financial year ended Dec 31, 2014 and is expected to contribute RM14mil for financial ended 2015.

For any profit shortfall in 2015, shareholders would have to pay AsiaBio an amount proportionate to their existing stake holding, he added.

Tan said with the diversification, he expects the balance sheet of Asia Bio to improve and the move is part of its long term investment strategy.
AsiaBio registered a widened cumulative loss for the first nine months of financial year 2014 at RM1.28mil from the RM710,000 recorded in the financial year ended Jan 31, 2013.

"When we were involved in renewable energy and incubation companies, there was a lack of immediate returns for shareholders. They can now expect a more immediate return and also capitalise on the SPV's growth potential," said Tan.

He was also of the view that the proposed acquisition is poised to benefit from falling oil prices as it constitutes 30% of transportation costs. - Bernama

Yeah, just watch, alex_theking.

I think the best mother can close today is 21.

@Ring: Brent: USD 48 + - ++

http://www.theedgemarkets.com/my/article/zeti-bnm-will-not-allow-any-default-have-systemic-implications-including-1mdb

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1862229

HOA agreement entered into to sell off Semua. :)

Welcome onboard, newbiehere. :)

Really? Was Halim there? :)

:)

As a matter of fact, the regularisation plan had materialised and regularised Sumatec out of PN17 to-date.

Posted by haahaa > Jan 27, 2015 02:17 PM | Report Abuse

page 9 was just a proposal, now it change, it does show the you do your homework to come out with all these information, it is very good and I th

:) That is something that me as a stakeholder would like to hear the Management's rationale..."Buy when everyone's afraid?"

I didn't know that the price to book of IFCA could be conveniently applied in ECS ICT context..."If IFCA can do it at 8.3 times...so can ECS ICT...?" Mercy.

Sharks are accustomed to survive in 'deep sea conditions' while more often small fishes don't...:)

@haahaa: not to the best of my knowledge, subsequent to Sumatec's regularisation plan back in mid 2013.

See Sumatec corporate structure for further info: http://www.sumatec.com/investor-relations.php

See Page 9 of the regularisation plan:
http://www.insage.com.my/Upload/Docs/SUMATEC/SUMATEC-Presentation%20on%20Financial%20Regularisation%20Plan%20–%20June%202013.pdf

I think there is something wrong with 'TheStar' article...involving Sumatec? The writer seeing stars? he..he..

http://www.thestar.com.my/Business/Business-News/2015/01/27/Asia-BioEnergy-inks-plan-with-Halim-Saad-Sumatec-to-buy-ships/?style=biz

The purchase consideration involved would increase the share capital base by: 168,000,000/0.1 >> 1,680,000,000 shares.

Wonder if further light would be shared by the Management on this significant change in core business?

would be interesting to see how the market 'price' the counter this afternoon, assuming free forces of demand and supply. :)

$200 bucks per barrel? Oh my godlie.

So what is the connection and your point?

Loyal pax should be safe....but for quickies....wow.

This regulatory mechanism might help to Unlock More Action.

@orionpacific: I am. :)