petdag no refinery boss

http://www.thestar.com.my/Business/Business-News/2014/07/02/Support-for-Icon-Boustead-Plantations-shares/

How long can the manager last yea?

yea bonus
Bonus Issue
EX-date: 10 Jun 2014
Entitlement date: 12 Jun 2014
Entitlement description: Bonus issue of up to 12,801,400 new ordinary shares of RM1.00 each in P.I.E. Industrial Berhad ("PIB") ("PIB Share(s)" or "Share(s)") ("Bonus Share(s)") to be credited as fully paid-up on the basis of one (1) Bonus Share for every five (5) existing PIB Shares held as at 5.00 p.m. on 12 June 2014 ("Entitlement Date") ("Bonus Issue")

Hm... just passed by Icon Offshore Sdn Bhd shop in Kemaman yesterday. It is a 2 storey corner shoplot near the traffic light..... wonder where is the headquarters.... Who is oil and gas, share a bit of knowledge about Icon?

after normalisation it is 24 PE.... if you use the prospectus ... Anyway.... any comments ok ICON? Who is in oil and gas industry and know about this company?

I think this is a good IPO ... canbuy .. any thoughts?

it's out anybody subscribing the IPO?

A bit worried on the cash flow on operations.... too low compared to the profir and the nature of the business should be like cash cow... Do they have any problem with one of the their receivables?.......

I suspect the recent hike and optimism in global semiconductor industry had fuel the hike in this share price. Still I can't justify such a huge jump in the share price considering the capacity constrains

wow.... I think u are right patrick, it may higt RM8 before CNY

it is moving today

great story! I like it

Anybody check its website before? seems to have too MUCH grammar and simple spelling mistakes lolx.. http://www.krbamboo.com/ think the goggle translate failed this time

1) Who is "Dato Sen"?
2) Where was it listed? China or Malaysia?

Hail to new leadership which will bring FACBIND to greater heights! Do you know who is appointed to replace them?

By the way anybody go to the AGM yesterday? apparently his son is retired from the Board of Directors :


Date of change 04/12/2013
Name Chen Yiy Hwuan
Age 34
Nationality Malaysian
Type of change Retirement
Designation Executive Director
Directorate Executive
Qualifications Bachelor of Arts (Honours) in Accounting with Business Economics from Middlesex University, United Kingdom
Working experience and occupation Mr Chen Yiy Hwuan has extensive corporate finance and managerial experience
Directorship of public companies (if any) Director of Karambunai Corp Bhd
Family relationship with any director and/or major shareholder of the listed issuer Mr Chen Yiy Hwuan is a son of Tan Sri Dr Chen Lip Keong and Puan Sri Lee Chou Sarn and brother of Mr Chen Yiy Fon
Any conflict of interests that he/she has with the listed issuer Nil
Details of any interest in the securities of the listed issuer or its subsidiaries Nil

Dear Value man.... agree with you either :

"They have two options:

[1] Invest in a new business that is more profitable, or

[2] Distribute as dividend"

Anyone have any track records of Tan Sri Chen? Is this person like Robert Kwok or like Vincent Tan? lolx

Good news.... fundamentalist probably would like to buy more?

http://www.thestar.com.my/Business/Business-News/2013/12/02/PIE-upbeat-on-fully-automated-facility.aspx

was looking at this stock and result annoucement, the quarterly result announced were quite different from a normal huge public listed company where they normally have commentary of results (section B1 or B2) against preceding quarter. But for FACBIND, I think this is missing. Having said that, the results of Q1 was distorted by the RM 64 mil disposal of assets and business. Having said that, one would expect FACB or Mr Chen would use the money to buy some new business or etc etc... still this RM 64 mil represents an equivalent of 0.74 per share of dividend if distributed back to shareholders.

To really understand this business the main profitable business division only the bed business which in Q1 only contributed on RM 548k PBT to the business. Can't really compare with this the corresponding quarter as there have been many restructuring exercise, but if we compare with Q4 June 2013 for bedding of and we just do a simple division of RM2,475k/4 = RM619k, the results for the bedding compare to Q4 is actually lower.

Cash flow from operations was disappointing at negative.

Still this bedding business is expected to pick up by Q2 and Q3 following new year, as seasonal demand and people will buy bed to move to new house.

But for a RM100 mil market cap company with have only RM548k PBT in core operations business is a bit funny. It doesn't justify at its existence for earning so low. Looks to me it is going to either buy a new business, get a new lease of life or close down it, otherwise sitting on a fat cash is not healthy at all.

But JP morgan do have stakes on this company besides Mr Chen

Just a 2 cents of my thoughts

crazy... really going up like no one business

going up again... good quarter, but another new high... someone is really paying a lot of premium to buy this stock

yea how good can the quarter be to justify a 26% increase in price... soon gonna hit limit up ... probably a corporate exercise? or ......

seriously nobody comment on this stock... no news at all, but it is flying after 3 years... Bravo to those investors who waited for three years for the price to jump now

New high.... what is happening .. any news?

somebody is buying and ti is increasing steady... any news your all know?

sorry I mean hell of a good businessman which drop from the sky

Hm... Happy and Roslaom seems like you two have good knowledge in oil and gas industry. Bravo! I understand the reserves Hibiscus have is really great and way above it's NAV if we look at the latest presentation.I am sorry that I have only limited knowledge in oil and gas but from a layman point of view, who would sell away a reserves to Hibiscus knowing that the fair value of the estimated reserves are so high? Who would give away a piece of quality assets to you without charging a good premium on it in fact a negative goodwill signifies a huge discount form its fair value. I don't see any financial distress on the seller. If it is risky, the seller can always JV with any large oil company and push cost to the government ( ie host country). Something to question.

If we put it to a construction company, if you own a piece of land in the middle of KLCC and the estimated value is way higher but u sell at a discount to Hibiscus.. It only make sense if only there are some caveats or some fishy thing inside the land which Hibiscus is unaware off...

I foresee some huge impairments in future on top of the already loss making reserves...

Again my believe challenged, what is so good about this Malaysian managed SPAC company that is better than all the others overseas SPAC managed company that is not in the 90% failing rate. This must be a hell of a good crazy company which drop from the sky.


My 2 cents of thoughts.

I am a bit skeptical on this stock... If you have really buy a SPAC before in overseas, normally post qualifying acquisition, it will drop... in fact on average, stocks like this drop on average 90% in value. (see Bloomberg if you don't believe) So don't put so high hope in Hibiscus because standing from the point of view of Hibiscus management, since I have already get a QA, why bother so much on improvement. I might as well start to cash out ASAP and let the existing shareholders suffer. The story is otherwise before QA when other shareholders are protected by the trust of 90%.


Recently the recognition of a negative goodwill in the financial statements of Hibiscus shocked me. Who would sell their assets at so much discount to Hibiscus. If they really sell it dirt cheap, it is ether the seller is stupid or Hibiscus simply jack up the negative good will just to cover it continuous losses. If it continue to lose money for another few consecutive quarters, as a fundamentalist , I recommend u to sell.. regardless of how much money u gain before, dun fall into the pit lane trap. Well of course pursuant to the negative goodwill, an an accounting background people will certainly challenge the existence of such negative goodwill (profit) in the financial statements. Now I still wonder how did this pass through the auditors of Hibiscus....

one day of if it hit back rm 5 i buy previously i will certianly sell off this share...

was looking at the new quarter announcement, it didnt pay twice because my bank account didnt have so much... it was paid in june a final and special dividend... quarter results improve due to its manufacturing arm but trading segment was poor coupled with its wire sales. recent hike in electronic price certainly help a bit in revenue but still not as impressive as it used to be 2 years ago .. the dividend was even higher at 39 cents previously... what worry me is this type of company which rely so much of electronic pprice and of course use to be foxcon contractor will continue to slump after the iphone is no more popular ... no more capital commitment which shows that there is no potential future growth.. what worry me the most is that it is an old plant also whereas the fast changing industry of electronics need far more powerful and advance plant.... buy any samsung contractor instead .. lolx just a 2 cents thought

Any taker s for the stock... it is becoming quite attractive atm.... looking at the quality of the assets and dividend yied

looking at both twin towers and tower 3 ..... good hedge but the finance cost may kill it at anytime

I still feel KLCC is a good buy ... in long term .... the recent downgrade of REITS make KLCC is more attractive... can consider to buy

MBB quota dah habis... Way above the fees it can earn. if MBB continue to buy, how MBB going to survive... kesian those who suffer ... PE 100 share still buy ... probably for my the fair value need to go to RM 0.25 only I will buy at least at PE 28 times I will buy ....

2 years ago it was at RM5. The capital commitment is too low with only RM 1m for future expansion. Can't see or predict any growth on this company.

yea dividend yied is ok.. I am still at capital loss after buying 2 years ago with 2 dividend received

saujana hotel.. old subang airport road

Hm... now shareholder is arguing on fair value accounting on the warrants and mother share with the auditors... Some claim the mother share should worth at least 67.5 cents, some claim warrrant cvalue is lower... Funny... the time value of money and the standards on equity portion that will be unchanged after issuance just make people confused with what is the value of warrant reserve and share capital.

http://www.reuters.com/article/2013/04/14/malaysia-spacs-idUSL3N0CS1NA20130414

Yea nothing much .... everybody trying to probe when is the EGM and the QA going to be but none being disclosed. Anyway, according to reuters, 90% of SPACs failed badly.( Refer to the extract behind. ) I wonder what Cliq has that can make a difference.



"In the United States, there is a long line of examples where such companies failed to make an acquisition and were forced to delist. Even those that did make a deal, on the whole, have not historically performed well.

U.S. SPACs that declined since completing acquisitions include 57th Street General Acquisition Corp, down nearly 80 percent from its IPO, Jaguar Acquisition Corporation , down 97.5 percent, and Ideation Acquisition Corp , down 83 percent.

Lewellen's research showed that U.S. SPACs with completed acquisitions between 2003 and 2008 posted negative returns in excess of 36.5 percent a year.

In another study, only half of all SPACs launched in the United States in the last 10 years have completed an actual acquisition, and have posted negative annual returns of 18.6 percent on average, according to figures from research firm SPAC Analytics.

According to Thomson Reuters data, 247 SPAC IPOs have raised $27.7 billion since 2003 in countries including the United States, Britain, the Netherlands and Germany.

Hedge funds and other institutional investors make up most of the buyers of U.S. SPACs, according to the data. That only adds to the challenge of them catching on in Asia, where markets such as Malaysia, South Korea and Greater China are driven heavily by retail investors.

Most of the SPAC listings took place during the boom years in capital markets, with issuance peaking in 2007 at $10.9 billion from 82 offerings.

"SPACs were popular in the U.S. and now are sort of dead," said an equity capital markets banker in Hong Kong, who was not authorised to speak publicly on the matter. "I'm very sceptical on SPACs. It's risky, it's illiquid. It's a very difficult product to become mainstream."

But not all shell companies are equal.

Southeast Asia's first listed SPAC - Hibiscus Petroleum Bhd - has doubled since listing in Kuala Lumpur in July 2011. Hibiscus is now an oil and gas exploration firm after making acquisitions in the Middle East and Norway.

KOREAN LESSON

The structure of SPACs is similar in most countries, with about 90 percent of the IPO funds held in a trust until a takeover target is found. Because the IPO proceeds are invested in government bonds or money market funds until the SPAC makes an acquisition, returns should mirror those of a fixed-income fund - but that has not always been the case.

After a spurt of listings and a surge in prices in 2010, SPAC issuance in South Korea ground to a halt as prices crashed and companies delisted. Daewoo Securities Green Korea SPAC and Mirae Asset No. 1 SPAC, the first two listed, were among companies that surfed on the retail investor frenzy and nearly doubled in price within weeks of their IPOs.

"

no bad news.. just they have not indicated the timeline

hahaha they are still searching for QA ... clue given is about 1 year after listing .. they are "striving" for it as per the industry "farm out" standard.....Consultant fees seemed to be high .. but the chairman say that cliq is better than Sona because they are 2nd early mover... update more live !

currently at Cliq AGM in Saujana Hotel.... nice place with the golf resort

not really consistent at all last year dividend was way higher... hold this stock for 2 years de still haven't get any capital gain

ya true for private sectors, but not in government position I guess as it has more resilient to economy recession

ya I think that's what happen to me ipomember.... inflation just eat up all my savings

yea waited for 3 years, it still doesn't melt down, and even after election, the economy goes even stronger... lolx ... how I wish I can see the future

It's not about rush, it is about the need to buy a property.If one would have not waited and bought a property 2009 price, he is far more affordable than he can buy a property now.... iafx.... saving will only allow inflation to eat up all the value of your savings...

I agree, I work in KL city centre. I still struggle to afford a RM2,500 repayment per month for a normal condo in KL with just RM400k loan. Mind you, to buy a 400k house in KL is almost impossible unless you are willing to stay in a slump area. Not to mention other expenses like car,food (even cooking by myself is expensive) and etc. Sad for us as Malaysian purchasing power is relatively low compare to other countries. If I work in Australia, I can easily afford an apartment in the city ($250k), buy Yaris ($13k), and still be able to live on my own by cooking myself (way way cheaper) plus a work life balance of 8.00-5.30pm. The pay will be slightly higher also. In Malaysia it is like apartment (RM 500k)and Car (RM 40k), and a terrible working hour of 8.00am - 10pm.

But do remembert post QA , 90% of SPAC in the world failed badly.... pre QA, the warrant will worth a lot of money due to its volatility

using audited result it is 100+++ PE.. I still think it is too expensive, history prove facebook fail on first day and we will see