and again.. people seem panic. forgot already about everything, the meaning of capital reduction, the meaning about proposed only and how it benefits the company, etc, etc.. just 1 day.. never mind.. panic and sell.. like tmrw never come..

psd75.. u are absolutely right.. after all the debating and analysis, we conclude based on the ground, rational thinking that 75% majority shareholder will not let the share price to go down below than 62.5c.

agree with smurfbee.. :)

yes! psd57 has alraedy spoken.. those who didn't read carefully hanyut... i never knew how to digest at first and it took me 2 days to understand what he's trying to say.. know i know.. thank you psd57...

please read psd57 comments.. read carefully.. if not, what a waste to throw..

contra panic. start to throw.. time to collect..

@pn17, haiya.. don't u read the news? where got speculators one..?

64mil Konsortium Transnasional shares traded off-market, value at RM40mil ... Nadzmi ups stake in KTB, now holds close 75%.

it's a good indication.. if up all the way without going down, then it's not good.. :)

back to track...

Just buy @ 0.545. Long Q @ 0.54..

Yes! Accumulate more since nadzmi acquires @ 62.5 sen off mkt. so the mkt price is stll low

Not sure it will. Kakisaham, where are you???

Price to be lower or last call before bull?

What offer price?

Derrick, typo error la.. Dump shares

Skyland, i found nothng of pdz in the article.. Only talk abt dumping stake

And again, dont talk "kok" here.. PMB has not yet disposed 50%. If in a case that PMB really disposed, so what's the matter? Another gd, reputable and profitable company is taking over with higher price.. Any issue here meh?! Like "you go out, am coming in becoz i hv a future in this company.." As simple as that...

This article may be updated but read carefully on yhe content

Write a not vested

New party eyes PDZ Holdings BY RISEN JAYASEELAN

PETALING JAYA: PDZ Holdings Bhd, the container shipper that tycoon Tan Sri Robert Tan Hua Choon sold to Pelaburan Mara Bhd (PMB), could see the emergence of another major shareholder looking to use it as a listed oil and gas (O&G) vehicle, the same rationale PMB had used when buying into it.

“A few parties have approached PMB with the view of taking up a block of shares (in PDZ). It could mean that PMB and this other party may jointly own PDZ, with both using this company as their O&G vehicle,” a source said.

However, PDZ’s maiden venture into the seemingly lucrative O&G sector may have hit a snag – its deal to buy a 20% stake in Efogen Sdn Bhd, a privately owned O&G services firm, could fall through, sources said.

“Efogen may not meet the enterprise value (EV) expectations of PDZ, and so this deal may not materialise, although negotiations are still ongoing,” said a source.

In late April, PMB paid RM41mil to buy a 27% controlling stake, mainly from Tan.

Tan had walked away with RM30mil from the share sale, although insiders said he probably pocketed more from the deal as the other vendors were aligned to him.

Barely a month later, PDZ said it was looking to buy 20% of Efogen, which is involved in the chartering of offshore support vessels for the O&G industry.

PDZ was looking to pay RM18mil for that stake, valuing Efogen at RM90mil.

This price works out to more than 17 times Efogen’s 2013 net profit after tax and minority interests of a mere RM5.2mil, which is similar to the price earnings multiple valuation of Alam Maritim Resources Bhd and recently-listed Icon Offshore Bhd.

However, Efogen is a much smaller entity, as its 2013 profits are a fraction of earnings of these two companies.

For financial year 2013, Icon made a profit of close to RM90mil, while Alam Maritim posted RM80mil in net profits.

On May 20, a week following its announcement of the Efogen acquisition, PDZ provided additional explanation on the deal, following a query from Bursa Malaysia.

Among others, PDZ said the purchase price, which works out to a massive 242% premium to Efogen’s net assets, was “fair after taking into account, that as a condition precedent to the deal, a valuation is to be undertaken by Grant Thornton, supporting Efogen’s EV to be at least RM90mil”.

Said a source, “PMB, having studied the numbers and EV of Efogen, has some reservations about the price being asked for by Efogen. It (PMB) does not intend to overpay, so this deal could fall through, although negotiations are still ongoing.”

Meanwhile, one industry source speculated that if the new shareholder were to emerge in PDZ, the company would then look to acquire Johor-based O&G assets that are owned by the state or its investment arm.

On a separate note, since PMB’s entry into PDZ, the latter has seen a number of board changes, with existing members leaving and new individuals joining the board.

Among them is PMB’s group chief executive officer Nazim Rahman, who has also been appointed the managing director of PDZ. He declined to comment.

PDZ shares, which had been hovering around the 15-sen level in the last few months, rose to 17 sen last week on active trade, closing at 16.5 sen last Friday.

Source: The Star
comment..

Logic thinking, no company will tarnish its reputation by declinibg pmt, mo money to pay and bla bla bla esp PMB is still inside though their stake is reduced. Dont talk "kok" here if u dont know.

only casino ma.. win, lose but not die..

contra + gamble = die!
trader + money = victory!

hehehe

i no harm one.. tak naik, i wait la.. hold until target price lor.. no worries..

wokeh.. wait till the time

@kakisaham.. ok.. kita tunggu je lor..

@garang.. a lot of selling should be equal to a lot of buyes.. they matched what?!! of course if there is a seller, there is a buyer!! simple..

e.g:-
2 sellers = 2 buyers @ 0.325

hello all brothers.. pls read the chart movements la.. price drop to clear all contra kaki since the price up last time! today force selling maa.. so most likely the price will be in upward trend for afternoon session.. so grab now or u should be late to catch.. haiya..

last call for fast selling seat before take off...

beli sebelum jln.. kalau dah jln, mengah nak kejar.. nanti kena langgar susah..

@kakisaham.. petang noo... kita kasi clear contra kaki dulu..

but it still gives profit as compared to last year (losses).. slowly la bro..

@kakisaham, how do u know can goreng? r u one of those sharks? if so, start the fire la to goreng. then pour some oil, then let the oil heats, then baru goreng..

not trap la bro.. if u said that, then in a case of INARI, should you said was a TRAP too? look at their price from Oct last year till now.. hahaha.. silly you! if want to take profit, then take it.. to those who just enter, pick up n wait for your profit also.

catch it or leave it.. catch low, throw high

this is not a goreng counter ya.. i know and i know and i know..

i reserve my comments.. just wait and see lor... :)

@HC Lee.. I do agree with you...

hehehe.. tunggu.. $$$$$$$$$$$$$ sudah bayar... untuk terbang... ke awan biru... :) cepat atau lambat.. tunggu...

time turun tak mau beli.. bila sudah run, baru terkejar2.. that time too late already...

yes, really a big storm.. thunder and lightning for hujan emas :)

whatever it is, just watch and see.. because i knew.. sth is going to happen.. i witnessed already.. those pick up the shares with huge & tremendous amount.. guys.. watch out for this.. there is stg di sebalik mee..

@noorgreen.. pdtan is right. just wait. this is an insider news. i knew because i knew... just wait...

insider news: hold first. coming up next. tak tipu punya..

Again test to reach at 10.0 sen

@shareprofit.. any upcoming news? huge buying volumes @ 0.085..

@leslieroycarter, u always kacau sana sini.. other forums also u kacau sampai kena hentam teruk!

trade at yr own risk. make ur own analysis. as for me, am in at that price

Tey Poh Yee

Ths is dated on 14 july

Wintoni Group Berhad (KLSE:WINTONI) entered into a conditional sale and purchase agreement to acquire 50.1% stake in Ozura Firstlogix Sdn Bhd from Ozura Interactive Sdn Bhd for MYR 24.8 million on July 14, 2014. As per the terms of the transaction, MYR 2.48 million will be paid as deposit upon execution of the acquisition agreement; MYR 13.36 million will be paid on or before the expiry of the completion date; MYR 4 million will be paid on the completion date and MYR 5 million will be paid on or before the expiry of twelve months from the completion date. The consideration will be financed from internally generated funds of approximately MYR 2.48 million, part of proceeds from the proposed rights issues of approximately MYR 17.36 million and part of the proceeds from the proposed disposals of MYR 5 million. Ozura Firstlogix reported net assets of MYR 11.47 million, revenue of MYR 17.62 million, profit before and after tax of MYR 6.48 million and shareholders’ equity of MYR 11.47 million for the year ended December 31, 2013. The transaction is subject to approval from shareholders of Wintoni, approval of all of Ozura Firstlogix’s financiers, bankers, chargees, debenture holders and other encumbrance holders, satisfaction of legal and financial due diligence, completion of the proposed rights issues by Wintoni and any other relevant regulatory authority approval. The transaction is expected to be completed by the fourth quarter of 2014 and will contribute positively to the future earnings of the Wintoni Group. Folks DFK & Co was appointed as valuer in the transaction. KAF Investment Bank Berhad acted as financial advisor for Wintoni Group Berhad. Mercury Securities Sdn Bhd acted as Independent Adviser to advise the non-interested shareholders and non-interested Directors of Wintoni.