mother 39.5 also giving loh

I think warrant support at 13 Sen. Don't how long can stand?

Yes yes

Aiyo what to do now?

I want to sell all at 13 Sen No choice

Started giving warrant at 13 Rugi loh

Selling pressure. Cannot sustain.

Director bought 15.1 million shares today

Where the hell is the QR? Waiting game huh?

Yes, MyDnex, it requires a breather. Don't simply go and buy at 14cents or more. Grab your profit first.

This afternoon, just supported. Monday will let down for profit taking. Sure operator take profit like me. I sold today at 14.5. Will come back to buy at 12.5 or 13cents

Can pick back at 12.5 cents again

Monday will sell

Like Gemas JB railway?

Banyak hope lagi macam Nicorp dulu

Director acquired 5mil shares

Yes, Rahza

4/6
Anasuria Operating Company Limited (AOC) was incorporated as a private limited company in England and Wales on 22 July 2015. AOC is the joint operating company held equally by Ping Petroleum UK Limited (wholly owned by Ping Petroleum) and Anasuria Hibiscus UK Limited (wholly owned by Hibiscus Petroleum Berhad) to be the Operator of the Anasuria Cluster.

Ping Petroleum Limited was incorporated in Bermuda in 2012 with operating offices in Malaysia and UK. Ping Petroleum is a privately held, independent upstream company, focused on shallow water offshore production and development opportunities in South East Asia and the North Sea.
Hibiscus Petroleum Berhad is Malaysia’s first listed independent oil and gas E

loss, expects challenging year ahead

By Syahirah Syed Jaafar | 2017-02-20 18:39:00
KUALA LUMPUR (Feb 20): Sterling Progress Bhd remained in the red for the third quarter ended Dec 31, 2016 but managed to narrow its net loss to RM592,000 from RM5.17 million a year earlier.

Revenue fell 62% to RM22.99 million from RM61.82 million on lower revenue recorded for the sales of notebooks and smartphones, the information and communications technology group said in a filing with Bursa Malaysia.

For the first nine months of the financial year, the group reported a lower net loss of RM7.4 million compared with RM16.51 million for the previous corresponding period. Revenue fell to RM79.51 million from RM150.57 million.

The group said it expects the Malaysian retail sector to face a challenging year ahead in 2017 in view of the anticipated reduction in consumer spending.

Last Friday, Sterling Progress said it is venturing into hotel management to seek alternate revenue streams.

It bought the business rights to the brand of T Hotel and Time Capsule Hotel for RM3.5 million from Tandop Hotel Sdn Bhd, which is providing Sterling Progress a profit guarantee of not less than RM800,000 per annum for five financial years.

Sterling Progress shares closed up one sen or 5% higher at 21 sen, with a market capitalisation of RM51.93 million.

Coming

I expect around 27 or 28 short term. If held beyond the tp expected 33

Yes, completely agreed. No further arguments. More news to flow time by time.Just have to wait and see the show, Rahza

Sterling Progress ventures into hotel management

By Syahirah Syed Jaafar | 2017-02-17 20:08:27
KUALA LUMPUR (Feb 17): To reduce dependency on its ICT business, loss-making Sterling Progress Bhd is venturing into the hotel management business to seek alternate revenue streams.

It is buying the business rights to the brand of T Hotel and Time Capsule Hotel for RM3.5 million from Tandop Hotel Sdn Bhd, which is also providing Sterling Progress a profit guarantee of not less than RM800,000 per annum for five financial years from 2018 to 2022.

In a statement to Bursa Malaysia, the company said it expects the new hotel management business to contribute positively to its future earnings and improve its financial position.

"The group will look for more opportunities and when appropriate, implement the changes which include [the diversification of] its income stream," it said.

The ACE Market-listed firm said it intends to finance the acquisition via internally-generated funds.

Though the acquisition is not subject to the approval of its shareholders, it said it would seek shareholders' approval for the foray into the hotel management business.

Sterling Progress shares slid 0.5 sen or 2.44% to 20 sen today, giving it a market capitalisation of RM49.46 million.

Wan! Fantastic explanation by Izoklse. Thanks

Ok, TBLeong

Last moment Brent hit 55.99 and subdued to 55.80 now. That's the reason Hibiscus reacted. Petronas news may be hoax

Acquiring 49% is mandatory take over

Actually is 27cents

Josephine, ha ha ha still interested. Saw you in vis.

The actual news is not out yet Sir

Josephine, you should have considered to hold. You have hold such a long time and can't hold this period when news are flowing?

Under due diligence only by LOTUS

Signed MOU only

should only sell when Lotus deal is signed

Bursa okays KFM’s 6-month extension to submit regularisation plan

By Sulhi Azman | 2017-02-14 20:18:47
KUALA LUMPUR (Feb 14): Kuantan Flour Mills Bhd (KFM) has received a green light for an extension to submit its regularisation plan for a further six months to June 27, 2017 as it looks to uplift its Practice Note 17 (PN17) status.

In a filing with Bursa Malaysia, KFM said the extension of time is without prejudice to the local bourse’s right to suspend or delist the trading of its shares in the event it fails to make the requisite announcement on or before March 31, 2017, and submit a regularisation plan on or before June 27, 2017.

In addition, KFM also said its shares face the risk of being suspended or delisted from trading on the local bourse if it fails to obtain necessary approval from regulatory authorities, and fail to implement the regularisation plan within the time frame stipulated.

“Upon occurrence of any of the events set out above, Bursa Securities shall suspend the trading of the listed securities of KFM on the sixth market day after the date of notification of suspension and de-list the company, subject to the company's right to appeal against the delisting,” KFM said in a regulatory filing with Bursa Malaysia this evening.

KFM had in 2015 fell into the PN17 status after its shareholder’s equity fell below RM40 million, which is less than its issued and paid-up capital.

As at Dec 30, 2016, KFM’s shareholder’s equity was at a deficit of RM10.81 million, while the issued and paid-up capital was at RM3.4 million. The company also noted it is facing “severe financial cashflow” problem.

Recently, KFM’s auditor McMillan Woods Thomas have issued a qualified opinion on the company’s latest annual financial statements, emphasising on material uncertainty that may cast doubt on KFM’s ability to continue as a going concern.

In September last year, KFM temporarily ceased its flour milling operations to focus on its effort to regularise and come up with a restructuring plan to uplift the dreaded PN17 status.

In essence, PN17 companies are categorised as financially-distressed entities, and in order to continue listing on the local bourse, it needs to submit a regularisation plan to the stock exchange regulator.

It is worth noting that KFM had in December last year, seen government-owned Felcra Bhd expressing its interest to explore the possibility of participating in KFM’s equity. However, Felcra retracted its register of interest two days later.

Towards the end of December, KFM signed a memorandum of understanding with Lotus Essential Sdn Bhd, a trader of steam coal, corn starch and tapioca starch, to explore the possibility of restructuring its debt and reconstructing its business, as well as to collaborate in carrying out flour milling activities and trading of flour and food-related products.

KFM shares ended its trade 1 sen or 2.78% higher at 19 sen today, giving it a market capitalisation of RM12.28 million.

Not all, but a reasonable stake say 10- 15 percent in order for LH to have a control for the packaging. If NH, the Japanese JV takes a stake, it will be fantastic

Brent 1.35%

Yes Yes Yes

Basically Holland is a beautiful country. Why do we still have that old tongsang attitude. It will be beautiful if KFM is been established in Netherlands. Ha ha ha

Oil market is picking up. Brent up 1.03% i.e. 56.16

Why the price is falling now then

Now is the time to buy. At best may be 18cents. Normally at AGMs, nothing drastic is decided. It normally passes resolutions stated.

Pls wait, I want to pick some at 20.5 ya

Yes, fully agree with Ultrainvestor. The lot was sold to a new investor to take up a role in the company. In fact the new investor wanted more but was declined by CEO. Expecting the new investor to pick more in the open market

Yes eason10, it's coming and can't get at 15cents

Asking for 15cents is like asking for moon, No way can get. ha ha ha

Where is it mentioned recently that Lay Hong is interested in Dnonce? This announcement was made late last year only. Currently no talks. Hope the said deal shall take off soon. Waiting in anticipation

Thank God, nothing drastic happen

Tmrow may gap down, but will hold at 17.5 cents. Surely it is time for Lotus announcement to come soon

NorthernStar, what it has to do with KFM anyway?