If 51% why no announcement?

The directors know about the PN17 situation but the other guy do not know.

Did you notice some directors sold B4 PN17 announcement.

I wonder why Bursa approved the BOD's application to change the financial year end to 30 June thus allowing the BOD to possibly delay revealing the Annual Report 2018 and to possibly postpone the AGM beyond June 2019?

Drama Minggu Ini - Seacera - SalvadorDali
Author: Tan KW | Publish date: Sun, 28 Apr 2019, 3:39 PM

Points To Consider:

- Net current assets of Seacera was RM838m, largely backed by its 501 acres of land in Semenyih.
- Current management and CEO proposed to do a jv on that land with Duta Skyline (OCR)
- Datuk William Tan is the single largest shareholder with a 16.4% block and has pledged to inject RM30m into the company to resolve the company's cash flow. Tan basically was against the jv.
- Seacera just defaulted on an RM25,451 payment for its Ambank Islamic loan, putting it into PN17.
- Tan also mentioned that if he manages to take over the company he will declare a 10 sen special dividend after minor asset sales.


Commentary:

- Obviously Tan has other plans to develop the 501 acres, apparently with strong China involvement (Country Garden). So who is to say which jv is better? The CEO has the right to call the shots here.
- However, the CEO and present management totally ignore their largest shareholder's pledge to inject RM30m. How to justify the "silly" missed payment of just RM253,451? Cutting the leg to get rid of an itch!!!
- Should the SC step in? In this instance, there appears that there may be a case that the CEO may not have been acting in the company's best interest. On that note, the board of directors should have a lot to answer as well.
- This is an interesting situation where the shareholdings are splintered and no one really has effective control. What are the rights of the largest shareholder then?

As shown above as at 19 Apr 2019 Zul has disposed off all his shares & effectively holds no shares of the company prior to PN17 announcement.

Changes in Director's Interest (Section 219 of CA 2016)
SEACERA GROUP BERHAD

Information Compiled By KLSE

Particulars of Director
Name ENCIK ZULKARNIN BIN ARIFFIN
Descriptions(Class) Ordinary shares
Details of changes
No
Date of change
No of securities
Type of transaction
Nature of Interest
1
19/04/2019
34,700
Disposed
Indirect Interest
Name of registered holder Synergy Platform Sdn Bhd
Description of "Others" Type of Transaction
Consideration (if any)
2
19/04/2019
200,000
Disposed
Indirect Interest
Name of registered holder Kenanga Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Synergy Platform Sdn Bhd
Description of "Others" Type of Transaction
Consideration (if any)

Circumstances by reason of which change has occurred Disposal of shares by Synergy Platform Sdn Bhd and Kenanga Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Synergy Platform Sdn Bhd via open market
Nature of interest Indirect Interest
Total no of securities after change
Direct (units) 0
Direct (%) 0.000
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0.000
Date of notice 19/04/2019
Date notice received by Listed Issuer 19/04/2019

Do not dare to reveal the latest shareholdings as at 29-03-2019 so change financial year from 01-01-2018 - 31-12-2018 to 01-01-2018 - 30-06-2019. Annual report for 2018 would not be issued today to reflect the latest shareholdings as at 29-03-2019.

Cut Nose to Spite Face

Annual Report 2018 may possibly confirm TWL's shareholding as > than 10% thus contradicting the board's allegations of TWL's shareholdings < than 10%.

No Annual Report 2018 tomorrow?

Do not dare to reveal the latest shareholdings as at 29 March 2019?
Do not dare to hold the 34th AGM on June 2019?
So change the financial year to 30th June. Buy time for another 6 months?

Bursa Securities made one of the following enquiry on on 25 April 2019 on the JVA with AMAZING SYMPHONY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF OCR GROUP BERHAD whereby a tonne of aggregate (excavated from the JVA land) is to be sold to OCR at RM1.20 per tonne.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:

To state the basis of arriving at the rate of RM1.20 per tonne of aggregate sale, and justifications for the rate.
To also quantify the market price for 1 tonne of aggregate.

The Board's reply to Bursa Securities on the same day was: -

To state the basis of arriving at the rate of RM1.20 per tonne of aggregate sale, and justifications
for the rate.
The basis of arriving at the rate of RM1.20 per tonne of aggregate sale is based on
offered received from several potential quarry operators between RM1.00 to RM1.50 per tonne.

To also quantify the market price for 1 tonne of aggregate.
The average market prices for quarry products are as follows:
Quarry Products Price per tonne (RM)
Crusher Run 25.00 - 31.00
Quarry Dust 26.00 – 27.00
3/4 Aggregate 28.00 – 35.00

Prices are subject to location of the quarry, distance of delivery site and market demand.

Please compare the market price of aggregate and the price offered to be sold under the JVA. Based on this term of in the JVA alone, do you think the BOD is looking after the company's and shareholders' interest?

The reason for the change of financial year end to 30th June is very obvious. Anyone want to guess?

"Sang Yan Pa Sei Tei"

29th April 2019 - The Board of Directors of the Company had approved the change of financial year end of the Company from 31 December to 30 June. The next audited financial statements of the Company shall be for a period of 18 months, from 1 January 2018 to 30 June 2019. Thereafter, the financial year end of the Company shall end on 30 June for each subsequent year.The rationale for change in financial year end is to avoid the peak congestion financial reporting period in December.

Due to the above changes, will the Annual Report 2018 be issued tomorrow as it will be interesting to confirm and know the Directors' and Substantial Shareholdings as at (29 March 2019) or we will have to wait for another 6 months for the said report to be issued.

The Last Annual Report 2017 was issued on 30 April 2018 and had indicated the Directors' and Substantial Shareholdings as at (29 March 2018) as follows: -

DIRECTORS’ SHAREHOLDINGS
(as per register of directors’ shareholdings)
Direct Interest Indirect Interest
Name No. of Shares % No. of Shares %
Datuk Mansor Bin Masikon 1,000,000 0.27 32,487,037 (a) 8.66
Encik Zulkarnin Bin Ariffin 30,645,541 8.17 28,860,499 (b) 7.69
Cik Norhanum Binti Nordin 500,000 0.13 - -
Tuan Hj. Halim @ Ab Halim Bin Ismail 500,000 0.13 - -
Puan Suheilah Binti Abu Bakar - - - -
Encik Fazillah Bin Kamaruddin - - - -
32,645,541 8.70 61,347,536 16.35
Note: (a) Deemed interest by virtue of Section 8 of the Act pursuant to his substantial interest in Noble Summer Sdn. Bhd.
(b) Deemed interest by virtue of Section 8 of the Act pursuant to his substantial interest in Synergy Platform Sdn. Bhd.
and deemed interest by virtue of Section 221(9) through shares held directly by his spouse.
95
annual report 2017
analysis of shareholdings (continue)
as at 29 MARCH 2018
3. SUBSTANTIAL SHAREHOLDERS
(as per register of substantial shareholders)
Direct Interest Indirect Interest
No. Name No. of Shares % No. of Shares %
1. Duta Global Sdn Bhd 90,000,000 23.98 - -
2. Datuk Hj Ismail Bin Othman 500,000 0.13 90,000,000 (a) 23.98
3. Noble Summer Sdn. Bhd. 32,487,037 8.66 - -
4. Datuk Mansor Bin Masikon 1,000,000 0.27 32,487,037 (b) 8.66
5. Synergy Platform Sdn Bhd 28,390,499 7.56 - -
6. Encik Zulkarnin Bin Ariffin 30,645,541 8.17 28,390,499 (c) 7.56
183,023,077 48.77 150,877,536 40.20
Note: (a) Deemed interest by virtue of Section 8 of the Act pursuant to his substantial interest in Duta Global Sdn. Bhd.
(b) Deemed interest by virtue of Section 8 of the Act pursuant to his substantial interest in Noble Summer Sdn. Bhd.
(c) Deemed interest by virtue of Section 8 of the Act pursuant to his substantial interest in Synergy Platform Sdn. Bhd.

Evil Strategy by BOD Back Fires
Induced PN17 Announcement cause the share price to temporary fall. Good news for predators as they can now accumulate shares on the cheap. BOD are managing on borrowed time as they will be removed ultimately.

Top-up time. Reverse takeover imminent.

Crisis to some = opportunity to others.

Quite a number of predators had accumulated from RM0.30 to RM0.40 during the past 3 months. If price drop they will sailang & give the current board of directors their last blow.

Meanwhile TWL quiet only. What is his next chess move?

The directors had harmed the company in many ways i.e. getting their shares pledged & later sold via margin calls & multiple cheap private placements don't know to who. All these events caused the share price to nose dive. On top of that they are also always declaring bad news to worsen the sentiment.

These bunch of selfless directors have sold off their interest to almost zero but still want clutch on to the company. Sad.

19 Apr 2019 Disposed
200,000 Encik Zulkarnin Bin Ariffin
19 Apr 2019 Disposed
34,700 Encik Zulkarnin Bin Ariffin
19 Apr 2019 Disposed
150,000 Datuk Mansor Bin Masikon
19 Apr 2019 Disposed
100,000 Encik Zulkarnin Bin Ariffin
19 Apr 2019 Disposed
1,506,733 Encik Zulkarnin Bin Ariffin
17 Apr 2019 Acquired
4,707,600 Dato Tan Wei Lian
16 Apr 2019 Disposed
1,473,100 Encik Halim @ Ab Halim Bin Ismail
15 Apr 2019 Acquired
7,760,200 Dato Tan Wei Lian
15 Apr 2019 Disposed
26,900 Encik Halim @ Ab Halim Bin Ismail
03 Apr 2019 Disposed
258,000 Encik Zulkarnin Bin Ariffin

This bunch of directors are presently not the majority shareholders but are still desperate to hold on to their post. If the price falls to a cheap level, new parties will flock in to buy & emerge as new substantial shareholders & TWL may even buy more. Hope the new major shareholders will then kick out these group of incompetents.

Elephant Panda Fox Dumping Again .......

Elephant & 2 others, if you guys are not free, pls don't come & kacau. See 2 days you don't come & kacau, the share price has gone up & stabilised.

Material Litigation pls use yr own money & not the company's money.

Elephant & gang sold another 1 million shares on 16 Apr 2019. Shake head 3 times.

Legal fees use company's money or own money? Some directors have also sold down their shareholdings to zero or to an almost negligible percentage. Why sell if so confident & want to continue to look after shareholders interest at heart.

Harimau tak boleh jaga masih mahu jaga laut.

I think TWL intends to call for another EGM on 15 May 2019.

Based on the above, TWL's shareholdings as at 22 March 2019 was 13.96%.

Particulars of substantial Securities Holder
Name DATO TAN WEI LIAN
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 20 Mar 2019
3,000,000
Acquired Direct Interest
Name of registered holder Dato' Tan Wei Lian
Address of registered holder 5084, Jalan Kilat, 70200 Seremban, Negeri Sembilan
Description of "Others" Type of Transaction
2 21 Mar 2019
3,284,200
Acquired Direct Interest
Name of registered holder Dato' Tan Wei Lian
Address of registered holder 5084, Jalan Kilat, 70200 Seremban, Negeri Sembilan
Description of "Others" Type of Transaction
3 22 Mar 2019
3,500,000
Acquired Direct Interest
Name of registered holder Dato' Tan Wei Lian
Address of registered holder 5084, Jalan Kilat, 70200 Seremban, Negeri Sembilan
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Acquisition of Shares in the Open Market
Nature of interest Direct Interest
Direct (units) 65,140,100
Direct (%) 13.96

On 14 Nov 2018, there was a private placement exercise whereby 37.53 million new shares were issued @ discounted/dirt cheap price of RM 0.192, representing more than 5% of total issued share capital. The private placement investor's identity were not revealed nor there was there any announcement of a new substantial shareholder owning shares more than 5%. There can be two possibilities, either: -

1) There are more than one (1) private placement investors, each holding less than 5% of the total issued share capital; or
2) The private placement investor may have sold all or part of his/her/their shareholding immediately on the open market on 14 Nov 2018, to make fast profits. On the very same day, 64.22 million shares were traded and the share price dropped from RM 0.255 to RM 0.225.

Judging from the above, I think the directors do diligently look after the shareholders interest.

The directors appears to be very competent in safeguarding shareholders interest as follows: -

1) At one point of time their margin calls fiasco had caused the share prices to nose dive.
2) All the previous private placements proposed and effected were set at dirt low prices & the investors were never revealed.
3) Continue to draw director fees & benefits despite their high level of competency.
4) Not willing to relinquish their directorship although their shareholdings are presently sold down to a negligible percentage.
5) Chose to instil panic instead of confidence vide their latest voluntary disclosure report.

15 Apr 19 Elephant Panda Fox sold another 3M shares.

It would appear that Elephant, Panda & Fox have been buying high & later selling low IOI PG shares thus possibly making losses. Anyone can confirm?

Not Good.

Elephant, Panda & Fox: nckcm, we will make sure it turns red during afternoon closing.

Elephant, Panda & Fox: nckcm, Hold my beers, We will continue to lelong the shares until the price go to Holland.

Not sure but depend on Elephant, Panda & Fox action.

Today as at 10.30am so far so good Elephant, Panda, Fox gang still having tea break & have not started to Lelong IOI PG stocks.

5.51B shares x 1.66% = 91.5M shares.
If each day this paikacai recklessly dumps on average 2M shares then it will take approximately 2 months for their shareholdings to reach 5% or less.

As at 9-10-2019 this Kanina shareholdings = anti-christ percentage 6.66%. If they reduce their shareholdings to less than 5% then they will cease to be a substantial SH.

Fly to Holland?

Damn they make me fume with anger.

Once you reach 55 years old, it is prudent for us to withdraw your savings in full. The way they invest in equities i.e. buy high sell low & make losses e.g. FGV, IOI, PG, Sapura Energy etc does not exactly instill my confidence in them.

Ha Ha Ha. Good one.