Texchem proposes to pay 10 sen final dividend in respect of FY2021.

Capital repayment will be made on Dec 3rd

Who is the head of Sushi King operations ?

Long stop date is Feb 11 2022

1) Approval of LICB shareholders
2) MITI approval

This time there are only 2 preconditions against 4 previously

Agreement for the sale of HBI plant to ESteel is essentially the same as before. The previous agreement lapsed because of non fulfilment of preconditions by the extended long stop date.

CONCLUSION AND RECOMMENDATION
Premised on the above and the evaluations as set out in Sections 5 and 6 of this IAL, Alliance
Investment Bank is of the view that the Proposed SCR is NOT FAIR but REASONABLE.
Accordingly, Alliance Investment Bank recommends that the Entitled Shareholders VOTE IN
FAVOUR of the Special Resolution at the forthcoming EGM of the Company.

The pro forma effects of the other components of the Proposed New Scheme of Arrangement
on the consolidated net asset and gearing of PCB Group based on the latest audited
consolidated financial statements as at 31 December 2019 and assuming Proposed New
Scheme of Arrangement had been effected as at 31 December 2019 are shown below:
Audited as
at 31
December
2019
After
Proposed
Disposal
of
PERKESO
Properties
After
Proposed New
Scheme of
Arrangement
RM’000 RM’000 RM’000
Share capital 272,770 272,770 272,770
(Accumulated losses) / Retained earnings (86,081) (40,188) 49,792
186,689 232,582 322,562
Non-controlling interest (195,777) (195,777) (195,777)
Total Equity (9,088) 36,805 126,785
No. of Shares (‘000) 100,000 100,000 100,000
Net (liability) / asset per Share (RM)(3) (0.09) 0.37 1.27

and voila, a company with negative equity is immediately transformed !

SOA with creditors has been approved yesterday.

Virtual EGM

Either vote YES for both resolutions or SELL !
Share price will fall if the resolutions are not passed.

The upcoming EGM in November is very critical.
If the resolutions pertaining to the proposed VGO is not passed, the share price of both TA and TAGB will fall sharply as Covid 19 will continue to have a negative impact.

So minority shareholders of TA must either :
1) Attend and vote for the resolutions OR
2) Appoint a proxy to vote for the resolutions on their behalf.

Otherwise, it may be advisable to sell the shares before the EGM, just in case the resolutions are not passed.

Shareholders wishing to attend Sep 28th AGM must preregister with Tricor before 11.30 am Sep 26. Can be done online via TIIH portal.

#xterrorsinx
Good analysis but where did you get the Rakuten user numbers from ?
May 2020 less than Mar 2020 ???

#pogbaggmu very good advice indeed !

#happyinvestorgg The independent adviser appointed this time is FHMH, not BDO

i agree with pogbaggmu and will vote for the resolutions at the TAE EGM.
Thank you for laying out the maths behind your thinking.

Warrant exercise price is 16.5 sen

Double up on your holdings now and your holding period is halved.

Analysts will be scrambling to double up on their earnings forecasts !

HUKM has granted an extension of time until Feb 20, 2020, and Zecon is expected to generate cash inflows amounting to RM64.07 million within the next 12 months commencing on March 2020.

RM60m contract wins very good !

JC Lim's indicative target of 53 sen looks spot on

https://www.tradingview.com/chart/7028/7LmGM1s2-ZECON-LONG/?utm_medium=twitter&utm_source=dlvr.it

Sarawak Water Grid will provide a powerful impetus for KKB steel water pipe business

Share price will track the implementation of the plan, successful or otherwise

That is the roadmap for MSC for the next 2 to 3 yrs

The land in Butterworth will also be freed for sale/development

New plant capacity will help it to work through its abnormally huge inventory of tin concentrates and intermediates thereby giving a positive boost to revenues, profits and also dramatically alter the balance sheet

Tin price now USD 21,700 and appears to be on an uptrend

Notification is dated 19 Feb

Petra shows what can happen when a beaten down stock turns around from reporting losses to registering a profit !
If, and when KNM turns profitable ......

China Western Power must be very confident about the company's prospects since it is building a RM1.9 billion plant for them on deferred payment terms.

EPS for Q3 is 0.06 sen , not 0.006

Monetization of the Group’s assets which involves the equity disposal and land held for development.
The Group has finalized discussions with potential investors and is currently in the midst of finalizing all the
relevant documentations to conclude the deal.

monetisation by way of land sale to 1Prima ?

tomorrow, Edge Weekly has a report on Zecon

Promotional roadshow 9th Nov

From the 2017 Annual Report

Monetization of the Group’s assets which involves the equity disposal and land held for development.
The Group has finalized discussions with potential investors and is currently in the midst of finalizing all the
relevant documentations to conclude the deal. The Management has identified the proposed utilization
of the proceeds which include among others the paring down of selected borrowings, working capital
requirements particularly the on-going projects and other investment activities. The realization of this
monetization exercise would facilitate the process of improving the Group’s overall gearing and financial
results besides enhancing the progress of all the projects currently implemented.

KNM has good turnaround possibilities n could also be a takeover target because of its ownership of Borsig

Borsig very reputable German company n consistently profitable

Longer term potential lies in unlocking the value of its ownership of Borsig

Bioethanol is not the principal reason for my interest in KNM.It can only help to stem the losses n hopefully report a small profit.

https://pbs.twimg.com/media/DKI70MzWkAALn8C.jpg

Does anyone have info on present capacity utilisation of the 200 litres/day bioethanol plant in Thailand ?