MY FINANCIAL PERSPECTIVE: KTB CORPORATE EXERCISE

I am happy with the par value reduction to off-set KTB’s accumulated losses of Rm148,628,000. This is a likely exercise undertaken by companies and of this year by KNM, to put them on a profitable financial footing. In KTB’s case, it will place them on a firm financial footing with an accumulated profit of RM 12,490,939 after the capital reduction exercise. There will virtually be no change in the existing number of 402,797,348 ordinary shares in issuance; shareholders funds; no eps dilution; NTA; or even any adjustment to the market price of the existing KTB shares quoted on Bursa. Just basic accounting entries to eliminate the accumulated losses: DR SHARE CAP (Rm), CR RETAINED EARNINGS with the par value reduction of 40c per share. Book balanced. The unchanged existing ordinary shares of 402,797,348 will be @Rm 0.10 par value instead of 50c par after the capital reduction exercise
.
As for their ‘proposed’ renounceable rights issue of 604,196,022 shares, on the basis of three (3) Rights Shares for every two (2) New KTB Shares held on the Entitlement Date., listing of and quotation for the rights shares are expected to be completed by the first quarter of calendar year 2015.. 75% of the ‘proposed’ renounceable rights issue of 604,196,022 shares, amounting to 453,147,016.50 shares @0.10c, valued at Rm 45,314,701.65 will be subscribed by the majority (75%) stakeholders. They have provided an irrevocable written undertaking to subscribe in full for their respective entitlements in respect of their direct shareholdings in KTB. The minority stakeholders take up 25% or 151,049,005.50 rights@0.10c, valued at Rm 15,104,900.55.

The majority shareholders' financial commitment is there and higher. My 2 cents

MY FINANCIAL PERSPECTIVE: KTB CORPORATE EXERCISE

I am happy with the par value reduction to off-set KTB’s accumulated losses of Rm148,628,000. This is a likely exercise undertaken by companies and of this year by KNM, to put them on a profitable financial footing. In KTB’s case, it will place them on a firm financial footing with an accumulated profit of RM 12,490,939 after the capital reduction exercise. There will virtually be no change in the existing number of 402,797,348 ordinary shares in issuance; shareholders funds; no eps dilution; NTA; or even any adjustment to the market price of the existing KTB shares quoted on Bursa. Just basic accounting entries to eliminate the accumulated losses: DR SHARE CAP (Rm), CR RETAINED EARNINGS with the par value reduction of 40c per share. Book balanced. The unchanged existing ordinary shares of 402,797,348 will be @Rm 0.10 par value instead of 50c par after the capital reduction exercise
.
As for their ‘proposed’ renounceable rights issue of 604,196,022 shares, on the basis of three (3) Rights Shares for every two (2) New KTB Shares held on the Entitlement Date., listing of and quotation for the rights shares are expected to be completed by the first quarter of calendar year 2015.. 75% of the ‘proposed’ renounceable rights issue of 604,196,022 shares, amounting to 453,147,016.50 shares @0.10c, valued at Rm 45,314,701.65 will be subscribed by the majority (75%) stakeholders. They have provided an irrevocable written undertaking to subscribe in full for their respective entitlements in respect of their direct shareholdings in KTB. The minority stakeholders take up 25% or 151,049,005.50 rights@0.10c, valued at Rm 15,104,900.55.

The majority shareholders' financial commitment is there and higher. My 2 cents

newman u r rite bro slow and steady wins the game

1million. Scicom can buy. good fundamental stock. Buy sell at ur own risk. Make money can take profit

1million whatsapp hepi please.

SCICOM ready to flyyyyyy

1 million bro patience. sycal will bounce

1million ok lah bro. Cukup makan lah.

1million & Zu; Berapa juta this week
Ronaldo96: u jual pasukh or simpan esok

ronaldo96 Bro I paasukh still holding. if can u take profit 37.5

ronaldo96 wait for higher bro for pasukhgb

ronaldo96 Bro 'see money take money'.... TP 38c

swingtrader bro Passukhgb>>>>>>>>>>>

swingbro Pasukh gb comin

zu1967 Bro SCICOM all the way up. U know I hv posted SCICOM in this ship from 88c onwards.... The risks gets higher with higher price. My portfolio cost is around RM 1.15c.

1million U bot SCICOM? look at the queue, few want to sell. Huatttttt

1million Lets rock SYCAL n SCICOM>>>>>
17/09/2014 14:49
SCICOM flyyyyy>>>>>>>>>>>; SYCAL zzzzzz. Got to wake sycal

pasukh gb tomorrow show agian

PASUKH GB comin

SCICOM rocks >>>>>>>>>>>>>>>>>

Bro Newman's NIHSIN bringing the house down....... wowwwww!!

KBES! rocks ......................

zu1967 Buy KBES!

1million and zu1967 : It rocks bro..... monitor SYCAL and SCICOM next

zu1967 bro KTB >>>>

zu1967 CENSOF looks strong bro. good luck

zu1967 bro u cashed out of censof ah! one S5 again..... haha

zu1967 Monitor also KTB. Looks comin back. Bye and cheers

hi hepi. Go for Censof and Pasukhgb. Got to go. good luck

bro swing,the company is loss making the past 2 quarters no doubt, but some major developments are on the way. Will ride the waves!

Market permitting tomorrow PASUKHAS GB has a lot going for it and heavy promotion for this counter. Its hot now!

hello swing bro and zu ,lets make hepi's regain ship hotttt!! again. Will invite bro newman to make it hotter........

SYCAL is another fundamentally strong counter. If cant contra, have funds to pick it up.
Financials: eps 5.37c (2013); and 12 months trailing eps 30 June 2014 is 6.10c. Estimated 40% jump in earnings for 2014. Low PE 7x. Currently
trading at a discount of 30% to its BV/NTA of 62c

Hi bro zu, butter and hepi. Took a little sabbatical to make money haha. ya u got it rite, I am back

GST is a very hot theme brought up in the recent play of IFCAMSC, hence market focus will be onto other GST related counters in the weeks leading to the Budget on 10 October. CENSOF will inevitably do well for Q314 (September), further justifying its 'deep frying' to new heights before the third quarterly results are reported
.
2.Since IFCAMSC had been 'deep fried' and its now fully valued at 42c for 2014, the risk is very high compare to CENSOF.

3.Better quarterly results for CENSOF:
(a) 31 March 2014 - Rev Rm 30.3m; NPBT Rm 4.3m; NI Rm 1.3m ; EPS 0.36c & NTA 24.6
(b) 30 June 2014 - Rev Rm 31.5.m; NPBT Rm 6.7m; NI Rm 1.7m ; EPS 0.43c & NTA 24.2c

4. CENSOF should be in the coming weeks, leading up to Budget day, see its target prices ranging from Rm 0.605,to 0.65..Possibilty of further upside from here to 80c.

Financials: 2013 eps 5.37c; and 12 months trailing eps 30 June 2014 is 6.10c. Estimated 40% jump in earnings for 2014. Low PE 7x. Currently trading at a discount of 30% to its BV/NTA of 62c

Want to see Q314 financials by end November before consider investing. Sure its a loss again for sure. Financials do the talking always. Don't want to be among the sheep to the slaughter house. Its only 1 month since the last goreng! Lots are trapped and we r so quick to forget.The same stories are being repeated again now for the next goring exercise. Its only here that we chase after bus and budget airlines stock prices like they r going out of fashion!!

NTA 46c.Currently trading at P/BV of 2x. Still sticking to TP of MYR0.72,based on unchanged FY15 P/BV of 1.0x. Source: Maybank Research - 14 Aug 2014.
My 2 cents. NOT A BUY/SELL CALL

"We now project AirAsia X to make a core net loss of MYR113.8m in FY14 (from a loss of MYR67.1m previously) due to the weak 2Q14. Our FY15/16 earnings are cut by 13.3%/8.8%. We advise investors to take profit after a strong rally in its share price; our new TP of MYR0.72 (from MYR0.79), is based on unchanged FY15 P/BV of 1.0x "
Source: Maybank Research - 14 Aug 2014

NTA 46c. Trading at 1.9x NTA> budget airlines run on very thin profit margin................

let it turn profitable than buy, why chase and frontload now! .......................goring, goring and get trapped.

FINANCIALS:

(i) CY 13 - Net loss Rm 87.0m
(ii) Q1 14- Net loss Rm 11.28m
(iii) Q2 14 - Net loss Rm 128.8m (10x compared to Q1)
(iv) CY 14 - Net loss Rm 245.0m (12 mths trailing 30/6/14)

**Need time to restructure and turnaround

ktrader Why should be equal....nta is abt 40c....nadzmi bot 62.5c because of large no of shares to acquire...?
12/09/2014 11:51
Willing buyer willing seller. NTA is a guide. Price is a measure of earnings and the major shareholders are the game changers for this company

above 50c after lunch/Friday prayers

The transacted price of 62.5c should equal market price. Mrkt price will be heading towards it. Stay Invested in this bus ride

Posted by skyhawk > Sep 11, 2014 06:29 PM | Report Abuse
topaz...I do hv a TP3 for ktb...only to be reveal if d existing waves is super strong...(dont wan to give false hope) :):):):):)

Loss making outfit. if not for the 'gain from the disposal of its subsidiary' in Q414 for Rm 170m, the company would have further incurred a NET LOSS for CY14 of (Rm 157m). CY13 NET LOSS Rm (215m).

mfaizalm80 . thank u bro

Posted by CityTrader > Sep 11, 2014 04:36 PM | Report Abuse

KTB, my TP is revised to 545, See how it will hit!!!

WAVE 3 SUPER POWER>>>>>>>>>>>>>

Posted by skyhawk > Sep 9, 2014 09:14 AM | Report Abuse cherry tomato...looking at Ktb...TP1 at 0.39... TP2 at 0.495 :D

. Posted by skyhawk > Sep 9, 2014 10:03 AM | Report Abuse For those who wish take profits now...not a problem...but want more hv to hold lor. Off market deal done was 0.62. All my subscribers ar holding on n waiting for my call :):):):):).