Special Dividend RM 0.02 per share ex date 22-05-2017.

JKG likely to fare fetter than L&G. L&G lau sai kau kau.

The rights shares will be credited to your cds a/c this coming Friday 21-04-2017.

Those that had purchased OR @ RM 0.005, their costs = RM 0.105. Those that had applied for excess, their costs = RM 0.10. Therefore on 21-04-2017, any price that can be sold above RM 0.105 will be profit for them. I am referring to new entrants and not original purchasers.

This coming 21 Apr 2017, another 1.517 billion shares subscribed at average cost of RM 0.10 - RM 0.105 per share will soon be listed. Do your maths, thereon price likely to drop kow-kow one.

Some directors and major shareholders had disposed off huge chunks of OR shares in the open market based on the latest filing to Bursa. Don't know why?

The Pork Guy Ham Car Chance chose not to revalue JKG's undervalued properties/plantation land banks in tandem with their current MV. Assuming the revaluation exercise is done, the NTA could well exceed RM0.50 per share.

So if mother share are to plunge below RM0.10 then it is even more wise to sell mother share now at RM0.115.

Seems practical to sell mother share @ RM0.115 + buy rights @ RM0.005 + subscribe rights @ RM0.10 & we still save @ RM0.01 (before brokerage charges) but why not many people are doing that?

PKHKC = Pork Guy Ham Car Chance.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwir-ur9i-fSAhWGm5QKHTrXAq4QFggZMAA&url=http%3A%2F%2Fwww.thestar.com.my%2Fbusiness%2Fbusiness-news%2F2015%2F03%2F17%2Fksl-puts-in-place-minimum-40-dividend-payout-policy%2F&usg=AFQjCNF5RGChySHZpt46v8IhGzc1uPaCrA&sig2=77WSo63gKEUZTazxoJIpgQ&bvm=bv.150120842,d.dGo

How does unsweetened grapes taste like?

Tanco Holdings Berhad presently at RM0.07 per share is ripe for a hostile takeover or substantial shareholders to enter and check balance the major shareholders.

Holland

Thanks to bursa, icul holders cannot convert their iculs at a revised cheaper price. Who hold the most iculs? ha ha ha.

ha ha ha boomerang

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5151005

Why SOHL did not disposed its stake gradually at the open market? By doing so it could have better returns & value.

Rubbish Stock. From Bull Market To Bear Market, The Price Continuously Declined. Rubbish Stock. This Week Up 10%, Next Week Declined 20%. Gradually From RM0.90 Declined to RM0.30. Rubbish Stock. Directors Only Know How To Collect Their Fees.

At least Seacera has declared a final dividend RM0.03, which way better than other stingy rubbish stocks that I hold like Sealink, Jetson, Permaju, SMI, MTD ACPI, Melewar, Denko, Zelan & Olympia.

The share price hit a fresh new low of RM 0.345 today. Rubbish stock.

This stock is good at breaking new records but for the wrong reasons i.e. breaking new records by hitting fresh new lows. Garbage stock.

Now we know why Billion Power Sdn Bhd & directors disposed off their shareholdings recently. All this while they may have 1st hand information on the company's shipping subsidiary being near insolvent of which may possibly impact the parent company's survival as well. Does their acts of offloading their shareholdings before the major announcements constitute as insider trading?

On 31 Oct 2014 Richard Wee Liang Chiat had sold 7,450,000 shares and his remaining shareholding as at to date would be 300,000 shares (0.01%). Some of the forum members here may even own more shares than him.

On 12 and 16 Jun 2014 Christine Lau Swee Eng (Former Non-Independent Non-Executive Director) had sold 51,598,000 shares and the remaining combined shareholding of her related family members as at to date would be 33,857,716 shares (1.04%) consisting of Christine Lau Swee Eng 2,884,316 shares (0.09%), her husband Dennis Ling Li Kuang 22,250,000 shares (0.69%) and her son Bernard Ling Ing Tah 8,723,400 shares (0.27%).

As at to date Richard Wee Liang Chiat (Non-Independent Non-Executive Director) and 3 members from the Ling family namely Dennis Ling Li Kuang (Chief Executive Officer/Managing Director), his daughter Katrina Ling Shiek Ngee (Executive Director) and his daughter in law Jem Magnaye
(Non-Independent Non-Executive Director) are still holding on to the directorship of the company.

For the Financial Year Ended 30 Sep 2013, the total directors' remuneration, fees, salaries and other emoluments paid to executive directors and non-executive directors were RM 2,873,223 and RM 197,000 respectively.

For the Financial Year Ended 30 Sep 2014, the total directors' remuneration, fees, salaries and other emoluments paid to executive directors and non-executive directors will only be reported in the forthcoming Annual Report 2014.

Is it an ethical practice for the 4 directors to hold on to the directorship of the company and continue to draw directors' remuneration or should they just do the honourable thing.

The forthcoming Annual Report 2014 due to be out in early March 2015 is going to be interesting especially in the 30 largest shareholders listing page. It may potentially reveal a few new major shareholders with sub 5% shareholding (4.00% to 4.99%).

The soon to be issued Annual Report 2014 would be very interesting especially the 30 largest shareholders listing page.

Which party with less than 5% shareholding shall succeed Billion Power Sdn. Bhd. as the top shareholder?

NFC Shipping Fund B LLC
Lembaga Tabung Haji
Pau Chiong Ching
Kumpulan Sentiasa Cemerlang Sdn. Bhd.
Beh Eng Par
Lai Wei Chai
Great Eastern Life Ass. (M) Bhd.
Lau Swee Eng

As at 30/12/2014 BPSB's remaining shareholding = 158,930,113 shares (4.9%)

31 Dec 2014 - transacted = 19,870,000 (BPSB is likely to have disposed some without having to make announcements)

02 Jan 2015 - transacted = 3,150,500

05 Jan 2015 - transacted = 38,985,000 (BPSB is likely to have disposed some without having to make announcements)

06 Jan 2015 - transacted = 71,958,300 (BPSB is likely to have disposed some without having to make announcements)

Total - transacted = 133,963,800 (4.13%)

Conclusion as at 06 Jan 2015 BPSB would not have completed disposing all of its remaining shareholding.

Unless of course they do a PCC delay in declaring citing that the original Form 29B was sent via postal service which was not received by the Secretary. A duplicate copy of which was despatched by hand to the Secretary eventually.

Once their shareholding hits 5% then the new major shareholder must declare. However, I am unsure on the timeline/deadline for them to declare.

The forthcoming Annual Report 2014's 30 largest shareholders as at February 2015 is going to be interesting.

I wonder who is going to replace BPSB as the next largest shareholder? NFC Shipping Fund B LLC (3.82%) or Lembaga Tabung Haji (3.68%) or some other third party investor?

The forthcoming Annual Report 2014 is due to be out on March 2015.

It was observed that: -

a) When the buy and sell queue were at RM 0.035 and RM 0.04, BPSB had queued to sell at RM 0.04 and some third party investor had continuously bought direct at RM 0.04.

b) When the buy and sell queue were at RM 0.04 and RM 0.045, some third party investor had queued to buy at RM 0.04 and BPSB had continuously sold direct at RM 0.04.

It is possible that soon the third party investor will be revealed if its shareholding is more than 5%.

We are likely to know BPSB's reduced or zero shareholding via the forthcoming 2014 Annual Report (30 largest shareholders section) by 6th March 2015.

29/12/14 and 30/12/14 BPSB had sold a total of 150,000,000 shares. As at 30/12/14 BPSB's had ceased to become a major shareholder of Hubline Berhad with a remaining shareholding of 158,930,113 shares (4.9%). It is possible that today BPSB had made further disposals.

Many thanks to EPF for continuously disposing 17,825,800 DRB shares to the open market from 5 Sep 14 to 29 Dec 14 and at this point time possibly still continuing to do so. If you were to check with Bursa's announcement, frequently it will show without fail EPF disposing.

Correct me if I am wrong but it would appear that EPF buys high but sells low.

fyda74

My AVP is RM 0.65. At present, I rather hold on the mother share than to hold on to the warrant.

As for the cornerstone investors their entry price was probably at RM 0.75 but with 1 free warrant attached. Assuming that the cornerstone investors had sold off their warrant at RM 0.25, any sale of the mother share above RM 0.50 will generate them profit.

I guess the risks shall rest with those that had purchased the warrants from the cornerstone investors above RM 0.20.

fyda74

I don't think the price went down every day thus far. So far there is actually good support at RM 0.645 level, touch wood. By the way, what is your average entry price?

fyda 74

On the bright side, from the looks of it would appear that there is a big timer investor collecting, accumulating and pushing up the share price to RM 0.665 today and for the last few days only to be undone by the one cornerstone investor. Once the cornerstone investor had disposed off all of their shares then possibly the share price may recover.

Today the price temporary went up to RM 0.665. However as always one of the cornerstone investor immediately dumped the shares big time until the price dropped back to RM 0.645. At this point of time we don't know who is the cornerstone investor? I think we can only can find out when the Annual Report is out. Maybe they were the same cornerstone investor of Multi Sports Holding Ltd. Bhd.

1 cornerstone investor is dumping the shares brutally. At this point of time we don't know who? We can only can find out when the Annual Report is out.

Annual Report 2013 (6 March 2014)

Among the Thirty Largest Shareholders as at 06 February 2014

AMSEC Nominees (Tempatan) Sdn Bhd Account for Billion Power Sdn Bhd 213,282,906 (6.58%)
RHB Nominees (Tempatan) Sdn Bhd Account for Billion Power Sdn Bhd 202,558,928 (6.25%)
HDM Nominees (Tempatan) Sdn Bhd Account for Billion Power Sdn Bhd 114,788,279 (3.54%)

Total 530,630,113 (16.37%)

Annual Report 2014 (March 2015)

Lets see whether there was any share movements among Billion Power Sdn Bhd 's 3 nominees account but not affecting the total 530,630,113 (16.37%) shares.

By March 2015 after the Annual Report 2014 is out, then we will be able to find out who is doing the dumping and the cross-transfers between same shareholders' nominees.

EPF1 accumulating ........
EPF3 disposing ........

EPF1 (buy) vs EPF3 (sell)

Probably EPF + Foreign Funds Dumping In Unison.

Recent years by end of August, Final Dividend Entitlements would have been announced. This year it would appear that they are very reluctant to announce the Final Dividend Entitlement as today is already 3 September 2014.

EPF + Foreign Funds Selling Aggressively??? I wonder why???

Why this year dividend announcement late? Normally end of August. Lower dividend, no dividend or special dividend???

Notwithstanding the increase in revenue & profits, It is noted however that the cash in hand/at bank had deteriorated from RM 4.3 billon to RM 2.5 billion.

Maybe bad quarterly financial results + lower/no final dividend announcement tmrw or Friday.

Unfortunately the foreign fund managers among the top 30 shareholders have yet to complete disposing their holdings.