Haha. Have Faith in the value

Talking about TOL Roads making money. A TOL road seldom make money because in accounting, the asset is depreciated over the accounting peroid. Look at Prolintas accounts. It does not mean that the TOL cossesion is not viable. The Govt always extend the concession peroid and revision of tol rate is always in the agreement

Profit or not, there is value in Ekovest. I just hold and wait. Looking at TOL Roads alone. Prolintas is value at 1.1B; WCEH's market cap is over 3B. Ekovest with 60% of Duke 1 and 2 and 100% of SPE is only 1.3B

Don't worry la.
This company 200% will be double in next few years.
Just buy more when it drop, then dont bother it, sure will double / triple in next few years.
Now market capital only RM1,409mil.
You look at WCE, that small company also have RM3,000mil market cap.
For me, just the DUKE 1,2,3 and SPE, it worth at least RM6,000mil market cap (after diluted the EPF portion)
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Hari ini lah.

Have find its bottom at 48 and 48.5 cents. Shd go up again to 51.5 cents

Q results overdue?

Forest city is next to Singapore. BM is in Sg Besi KL

Agung 1st speach in Parliment on Monday morning. Hopefully he insist on having HSR from Singapore to KL. Better still if KL station located at Bdr Malaysia.

This week shd see Bumi Armada GO

Slowly but surely creeping up. Why?

18-Jan-2024 19-Jan-2024 Others 21,023,125 0.143
21-Dec-2023 22-Dec-2023 Others 29,411,764 0.136
14-Dec-2023 15-Dec-2023 Others 11,029,411 0.136
08-Dec-2023 11-Dec-2023 Others 14,705,882 0.136
06-Dec-2023 07-Dec-2023 Others 7,352,941 0.136
17-Nov-2023 20-Nov-2023 Others 33,088,235 0.136
07-Nov-2023 08-Nov-2023 Others 29,411,764 0.136
19-Oct-2023 20-Oct-2023 Others 16,383,112 0.159
11-Oct-2023 12-Oct-2023 Others 17,643,352 0.159
20-Sep-2023 21-Sep-2023 Others 8,998,200 0.167
08-Sep-2023 11-Sep-2023 Others 2,953,337 0.169
04-Sep-2023 05-Sep-2023 Others 8,860,011 0.169
29-Aug-2023 30-Aug-2023 Others 5,858,230 0.171
19-Jun-2023 20-Jun-2023 Private Placement 8,129,600 0.213
18-May-2023 19-May-2023 Private Placement 17,400,000 0.200
13-Mar-2023 14-Mar-2023 Private Placement 28,750,000 0.230
All this money raised form placements and Convertable bonds gone?

Sure they submit the report today but either they wait till nearly 5PM or Bursa hold back till after 5 PM

Funny People. Ageson could not come out with results for nearly 9 mtns, MD was arrested. Did not die. Stll got 7 cents. This one is not as bad as Ageson

Keep issue shares. They got resolution to issue shares to as low as 10 cents.

Crazy. ESOS at $0.11. Share Price at $2.00 Minority shareholders fund the Directors

Berjaya Land wins Federal Court appeal for 19-year old Selangor Turf Club relocation project
By Business Times - October 31, 2023 @ 10:01am

Problem is trusting that P guy with the cash

Balance of Cash from Rights Issue is 75.735M. NOSH is 1403 M. So Cash per share is 0.054

Selangor Turf club relocation is on. Federal court judgement

Buy & Convert

Total issue is RM320M. Till date the company had only buy can convert RM18m. He doesn't need to buy the Bond in 1 tranche. Can buy when he wants to convert

Annoucement Date Listing Date Type of Issue No of Shares Issue Price Value of Bond Converted

17-Nov-23 20-Nov-23 Conversion of R Bonds 33,088,235 0.136 4,499,999.90
7-Nov-23 8-Nov-23 29411764 0.136 3,999,999.40
19-Oct-23 20-Oct-23 16,383,112 0.159 2,604,914.80
11-Oct-23 12-Oct-23 17,643,352 0.159 2805292.90

20-Sep-23 21-Sep-23 8,998,200 0.167 1502699.40

8-Sep-23 11-Sep-23 2,953,337 0.169 499113.95

4-Sep-23 5-Sep-23 8,860,011 0.169 1497341.80

29-Aug-23 30-Aug-23 5,858,230 0.171 1001757.30

Total 123,196,241 $18,411,119.45

Total Issue is RM320 million. Issued so far is RM18.4m. Average price of issue is $0.1494

Recent Series of Reneuco’s Convertible Bond Conversion
17-Nov-2023 20-Nov-2023 Others 33,088,235 0.136
07-Nov-2023 08-Nov-2023 Others 29,411,764 0.136
19-Oct-2023 20-Oct-2023 Others 16,383,112 0.159
11-Oct-2023 12-Oct-2023 Others 17,643,352 0.159
20-Sep-2023 21-Sep-2023 Others 8,998,200 0.167
08-Sep-2023 11-Sep-2023 Others 2,953,337 0.169
04-Sep-2023 05-Sep-2023 Others 8,860,011 0.169
29-Aug-2023 30-Aug-2023 Others 5,858,230 0.171
Note that the Total Convertible Bonds issued is bigger than the no of issued shares.
Minimum Conversion Price is 10 cents
Can afford to spend some “recycling expenditure”

17-Nov-2023 20-Nov-2023 Others 33,088,235 0.136
07-Nov-2023 08-Nov-2023 Others 29,411,764 0.136
19-Oct-2023 20-Oct-2023 Others 16,383,112 0.159
11-Oct-2023 12-Oct-2023 Others 17,643,352 0.159
20-Sep-2023 21-Sep-2023 Others 8,998,200 0.167
08-Sep-2023 11-Sep-2023 Others 2,953,337 0.169
04-Sep-2023 05-Sep-2023 Others 8,860,011 0.169
29-Aug-2023 30-Aug-2023 Others 5,858,230 0.171

List of recent conversion of convertable bonds. So steep the drop in conversion price. Trying fast to catch ignorant punters

Renueco Redeemable Convertable Bonds - RCB
Salient Point: Issue Size of RM350m. Minimum Issue Price of Shares is RM0.10 - Can be converted at 10 cents. Still got 75% profit margin

Renueco Redeemable Convertable Bonds - RCB
Salient Point: Issue Size of RM350m. Minimum Issue Price of Shares is RM0.10 Max Issue is 1,143,093,554 (Double current NOSH)
Coupon is 2% PA paid semi annual
SC, Bursa and Management conspire to cheat small shareholders. Luckily I got loss at 1 go when price was 19 cents. Should just cut and let those cheats hold the convertable bonds forever

EPF resurfaces as Kossan’s substantial shareholder
Will buy Top Glove after the price goes above RM1.00 Mandate cannot buy penny stocks

Top Glove used to use Numero Uno in terms of Market Cap. Was challenging Maybank as the Top Mkt Cap Stock in Bursa. Look at the market cap now.
1.Harta - 8123m; Top Glove 6484m, Kossan 4041m and Supermax is 2462m

Glove also got expiry date lah. Old stock need to throw. Buy new

If Harta can turn in a profit, TG with no hedging in USD will do much better

For glove companies, >90% of their revenue is denominated in US$. However, the impact on glove makers varies according to the magnitude of their hedging arrangements. Based on our estimates, for every 10% weakening of MYR against US$, the impact on core earnings will be 0.5%-1.0% for Hartalega, 1.3%-1.5% for Kossan, and 11%-13% for Top Glove, which does not hedge its export sales.

Account don't allow buy. Zero value

Money droping from SKY. Thanks to doomsday man

ESOS at $0.11. How not to die

Name Details of Changes
Date Type No. of Shares Price
MR SOW EWE LEE 11-Oct-2023 Others 6,500,000 0.110

Tony F from Royal Circus?

Nonsense. 350m to be issue in 4 tranche but each tranche got unlimited sub tranche. Price of new share to be issue is 80% of previous 3 market days closing price. They convert bit by bit and sell also we die. Minimum price that can be issued is $0.10. You look at the conversion price for the tranches so far. Going lower and lower

How not to die.

Renueco Redeemable Convertable Bonds - RCB
Salient Point: Issue Size of RM350m. Minimum Issue Price of Shares is RM0.10 Max Issue is 1,143,093,554 (Double current NOSH)
Coupon is 2% PA paid semi annual

Annoucement
Date Listing Date Type of Issue No of Shares Issue Price Value of Bond Converted
11-Oct-23 12-Oct-23 Conversion of Redeemable
Convertible Bonds 17,643,352 0.159 $2,805,292.90
20-Sep-23 21-Sep-23 Conversion of Redeemable
Convertible Bonds 8,998,200 0.167 $1,502,699.40

8-Sep-23 11-Sep-23 Conversion of Redeemable
Convertible Bonds 2,953,337 0.169 $499,113.95

4-Sep-23 5-Sep-23 Conversion of Redeemable
Convertible Bonds 8,860,011 0.169 $1,497,341.80

29-Aug-23 30-Aug-23 Conversion of Redeemable
Convertible Bonds 5,858,230 0.171 $1,001,757.30

44,313,130 $7,306,205.35
Percentage of NOSH = 6.913% Percentage of Mkt Cap = 5.845%

Each Sub-Tranche is supposed to be min of Rm2,000,000.00. Not Followed?

Conversion anytime at 80% of 5 Previous day average price. Minimum conversion price $0.10
2% coupon on RCB paid semi-annual. Total RCB to be issued is RM350 million

Looks like on tract for privatisation. Then can proceed with whatever deal

MALAYSIAN CHINESE ASSOCIATION 27-Sep-2023 Acquired 294,600 0.000
MALAYSIAN CHINESE ASSOCIATION 25-Sep-2023 Acquired 300,000 0.000
MALAYSIAN CHINESE ASSOCIATION 22-Sep-2023 Acquired 836,100 0.000
MALAYSIAN CHINESE ASSOCIATION 18-Sep-2023 Acquired 249,200 0.000
MALAYSIAN CHINESE ASSOCIATION 15-Sep-2023 Acquired 475,800 0.000
MALAYSIAN CHINESE ASSOCIATION 01-Sep-2023 Acquired 1,000,000 0.000

Acquisitions by MCA in Sept 2023
MALAYSIAN CHINESE ASSOCIATION 22-Sep-2023 Acquired 836,100 0.000
MALAYSIAN CHINESE ASSOCIATION 18-Sep-2023 Acquired 249,200 0.000
MALAYSIAN CHINESE ASSOCIATION 15-Sep-2023 Acquired 475,800 0.000
MALAYSIAN CHINESE ASSOCIATION 01-Sep-2023 Acquired 1,000,000 0.000

Very little free float left. Easy to manipulate. MCA owns about 50%. Tong through his companies own more than 5%. PNB owns about 5%. Likely to be privatised by MCA

PNB also holds 37,500,000 shares. Why this magic figure of 37,500,000 shares

MCA is 45+%. Tong is 5+%. Am sure there are other significant shareholders for this cash rich company. Not much free float left

MCA Shareholdings
Direct (units)
313,315,760
Direct (%)
43.23
Indirect (units)
16,625,300
Indirect (%)
2.29
Total (units)
329,941,060
Total (%)
45.52

Disposals by Tong
TONG KOOI ONG 28-Aug-2023 Disposed 379,200
TONG KOOI ONG 24-Aug-2023 Disposed 10,000