ini kalilah TA

still stron.................Inilah TA,

Index down 9 point...........side effect

profit taking.............see after 10:00am

TA range 0.48 -0.84, still have rooms to up. NTA =1.75 , EPS =7.4cents (Q2 only).............if Tony really want to goreng for sure it can up rm 2:00. Recall incident 1993, TA goreng from 25 cent to rm 3.45 within few months...............

Jasoninvet, don't think too much, just follow Tony........Next week may be U have buy at 90 cents above. Once TA be identify as undervalue and some business activities is going on, U have do make decision .............or find anther hindding Gem...

Celebrate the new high 67cents. Must speed up to meet GHLSYS at 1.00 by end of this month..................promise by CENSOF....HAHAHA

The best things happen is TA hit 1.00 within 16.5cent/2.5 cent (day) = 6.6 days......HAHAHA
It mean very soon you can sell it at 1.00 ...............promise

TA climb slowly, but sure reach 1.00 before 2014.....HAHAHA

sleeping

Type : Announcement
Subject : OTHERS



Description : PROPOSED INVESTMENT IN NEW SUBSIDIARY




Announcement Details/Table Section :









INTRODUCTION

The Board of Directors of Sealink International Berhad (Company No. 800981-X) ("SEALINK" or "the Company") is pleased to announce that on the 22nd February 2013, Sea Legend Shipping Sdn Bhd (Company No.703278-W) (“Sea Legend”), a wholly owned subsidiary of SEALINK, has entered into a shareholders’ agreement to purchase 50% equity interest in Mitra Angkasa Sdn Bhd (Company No. 974404-T) (“Mitra Angkasa”) (“Proposed Investment”).



DETAILS OF THE PROPOSED INVESTMENT




Mitra Angkasa is a limited company incorporated in Malaysia on 09 January 2012 and the authorized share capital and issued and paid up share capital of Mitra Angkasa is RM100,000. Mitra Angkasa had been awarded a long term contract for the charter of an offshore support vessel for the period from 01 September 2012 to 24 October 2014, with options for renewal for another three years. The total contract value for the charter contract (excluding options for renewal) are approximately RM11 million.




The current shareholder of Mitra Angkasa is Malaysian Engineering and Oilfield Services Sdn Bhd (Company No. 476682-A (“MEOS”).




Mitra Angkasa has also entered into a contract to purchase an offshore supply vessel from SEALINK for a sum of RM15,800,000. This vessel will be used to replace the vessel currently chartered from SEALINK for the contract.




Upon satisfactory completion of the due diligence, Sea Legend shall purchase 50,000 ordinary shares representing 50% equity interest in Mitra Angkasa Sdn Bhd (“Mitra Angkasa”) for a total cash consideration of RM50,000 (“Proposed Initial Investment”).




In addition to the Proposed Initial Investment, Sea Legend and MEOS shall subscribe for 450,001 and 449,999 ordinary shares of RM1 each at par, for a cash consideration of RM450,001 and RM449,999 respectively in Mitra Angkasa. Sea Legend and MEOS are also required to subscribe up to Three Million Five Hundred Thousand (RM3,500,000) redeemable preference shares at par, at an interest rate of 9.1% per annum in Mitra Angkasa in proportion to their respective shareholdings.




RATIONALE FOR THE PROPOSED INVESTMENT




Mitra Angkasa was incorporated to undertake the provision of providing services to the oil and gas industry. The Proposed Investment provides an opportunity for SEALINK to immediately expand its chartering and shipbuilding business.



CONDITIONS FOR THE PROPOSED INVESTMENT




The Proposed Investment is subject to the SEALINK’s satisfactory due diligence review of Mitra Angkasa and the long term contracts secured by Mitra Angkasa.




Upon satisfactory completion of the due diligence, Sea Legend shall purchase and subscribe for the ordinary shares and preference shares respectively in Mitra Angkasa.



EXPECTED TIMEFRAME FOR COMPLETION




Barring unforeseen circumstances, the Proposed Investment shall be completed before the second quarter of 2013.




SOURCE OF FUNDS




SEALINK’s total expected cost of investment of RM2,250,000 shall be funded by internally generated funds.



FINANCIAL EFFECTS




The Proposed Investment secured are expected to contribute positively to the earnings and net assets of SEALINK for the financial year ending 31 December 2013 and beyond. Notwithstanding this, the above are not expected to have any material effects on the share capital and shareholding structure of the Company.














DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS




None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the Proposed Investment.




DIRECTORS' STATEMENT




The Board of Directors of SEALINK, having considered all factors is of the opinion that the Proposed Investment are in the best interest of the Company.




This announcement is dated 22nd February 2013



ABOUT THE COMPANY




SEALINK is an Integrated Service Provider which builds, owns and operates a diverse fleet of offshore marine support vessels, serving mainly the global offshore oil and gas exploration and production industry. Being one of the largest tug and barge operators in Malaysia for the oil and gas industry, it is now strengthening its position to be the major provider for offshore marine support vessels for other niche areas in the industry.




It has a young fleet of offshore marine support vessels predominantly focused on and used in the offshore oil & gas industry. With its diverse fleet of 40 vessels, it can cater to a wide base of reputable clients in the various segments of the industry.















Presently, SEALINK owns two shipyards located in Miri, Sarawak. The two shipyards have the capacity to construct up to 17 vessels a year.

missing the golden opportunity to enter tis morning...........

Hopefully tis evening session they will goreng TA more harder...HEHEHE

RA did bad over 3 years in row. To realize better earning performance need years to prove.....

if you plan to play contra , just forget it bcoz this counter is one day show.......

yanyana will change his/her chat name and continue spread the fade rumours.....HAHAHA

This time Censof need to break the barrier of 0.65....before continue journey to new high of 0.72

Censof just follow GHLSYS up trend.....dangerous

yanyana is syndicate promoter ......HAHAHAHA

very boring counter

good coun ter

I will buy 0.19 tomorrow.

go to Holland already.........

no a good day for Takaso

why less investor to buy the warrant, Anybody can help to understand tis ?

Bad sign, big vol with minus 15cents........................

Can somebody help me to understand why the vol of warrant far less than it mother share ?

I'm new to tis counter, 0.47 is it fair value to invest ?

Profit taking seriously...........

Will it benrfit to SALINK in future


Petronas finds new gas deposits in S'wak, Sumatra, Australia
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KUALA LUMPUR: Petronas today announced new gas discoveries in three of its upstream ventures in Malaysia, Indonesia and Australia.

In a statement today, it said the first discovery was via the Pegaga-1 well in Block SK320, offshore Sarawak, which is operated by Mubadala Petroleum through a Malaysian affiliate.
The Pegaga-1 well is located about 250 km northwest of Bintulu, in a water depth of 108 metres.

"The operator plans to conduct further drilling to determine the volume of the discovery and the gas quality," the company said.

Its unit, Petronas Carigali Sdn Bhd has a 25% interest in the block.

The discovery in Block SK320 proved that there was still hydrocarbon potential in the Sarawak Basin, Petronas said.

The company, together with its production sharing contractors, is actively exploring in the basin through exploration drillings, both in the shallow and deep water areas, as well as acquiring new seismic, electromagnetic and gravity data to unlock the undiscovered potential of the areas.

Several oil and gas multinationals have been successful in their recent exploration drilling in Sarawak with several notable discoveries such as NC3/NC8, B14, Tukau Timur Deep, Kuang North and Kasawari.

In Indonesia, PetroChina, the operator of and Petronas' partner in the onshore Jabung Block in Sumatra, has made a gas discovery through the NEB Base-1 well.

Petronas holds a 42.85% equity in the Jabung Block.

Overall, the company is present in seven blocks in Indonesia, where it operates three of the ventures.

"SKK Migas, the government authority managing the activities of production sharing contractors in Indonesia, has been supportive of the joint venture's exploration efforts in the block," it said.

In Australia, the Evans Shoal North-1 appraisal well in the Evans Shoal gas field in the Timor Sea has been successfully drilled to the target depth of 3,955m.

The partners in the NT/P48 joint venture are Shell (operator, 32.5%), Eni (32.5%), Petronas (25%) and Osaka Gas (10%).

The well is operated by Eni on behalf of the joint venture - Bernama

http://www.theedgemalaysia.com/in-the-edge-financial-daily-today/256272-digistar-to-bid-for-dttb-sub-contracts.html

Very risky counter as many investor got trap between 0.3-0.4...........any news regards tis counter?

I confident there will another 'goreng' happen soon.

in term of vol is start gone up...........

Thanks for your explaination Shan

Anyone know about the reason why Q4 profit is 21mil and Q1 just only 4mil..... pls englithen

Redtone run run run.......waiting u at 0.78

strong support at 0.435, no change to enter 0.43.......

See from previous record, it will rebound after 2weeks..........

See u all at the next round possibility before Q result.

Prolexus run run run , lazy elephant......Hahaha

Index drop 8 point, no a sunny day. Wait u at 0.43

Anything can be happen in share market, as along as DIGISTAR have supporter

nothing happen ....but drop 1.09% is acceptable, see tomorrow performane lol

Prolexus not perform well today , tomorrow continue lol..........

Caely not perform at last 1 hr really disappointed.............tomorrow keep monitoring lol..

i can't give up, i brought 0.215..........continue to put anger to it..........

OK, see what happen in this golden 1 hr..............

We don't what was happen in next year, will index still 1800 or below 1600 ??????.
Nicole 76 , we need to plan for the risk of future as well.

rookie8833
your info have some error pls check