Vincent, fair statement. Hopefully it wouldn't be oversold by then as the small caps sector has had a good run off late =)

myview, I am in deep thoughts and that is why asking the rest here for opinion hoping that we don't missed out on anything. Citing that DS is not a shareholder, there will be greater risk when he resigns which really doesn't bring great loss to him him as he doesn't have any direct equity in Insta. Therefore, there is really no need for him to influence CRCC to direct sub-contract works to Insta when such efforts are not going to enrich him in any meaningful way. Not unless, if the single largest shareholder, namely, Golden Oasis is actually the proxy of DS then it will be a lot more comforting for us. This is also why some of the institutions are skeptical of this story.

Anne only has 6% which is not meaningful in anyway...

Solidwater, do you know the upcoming results? If you don't, then how you know that at this level cant be wrong. It could go south further!

Daz Ng/ Myview please check if Dato Seri is a shareholder of Instacom. It doesn't appear so despite him being the CEO. If no, i hope this is not a negative signal.

Daz Ng, IWK itself is a contractor. Am not sure if there will be spillovers for Vivocom

This stock cannot punt... much needs to be done by the company to win over investors. Proceeds from private placements are in but contracts are not out...Seems like CIMB has "oversold" its prospects.

The appetite for small caps have came down as we head towards year-end. Shall keep this stock in view in January..

IVAN2222, what is the catalyst for the stock to move up??

myview, don't be too sure. It will take news flow and positive set of results to move this stock. At this juncture, it will just be a sleeping giant waiting to be woken-up. I hope it doesn't nap too long or else these "hecklers" will always appear on this forum. I hear that Instacom has never really live up to its promises in the past and that is why most institutions remain doubtful that this stock can promise the returns it is supposed to. Moreover, DS doesn't appear to the shareholder of the Company which is scary shit... Please check on this.

it's a quiet day for Instacom today

CIMB TP is for 12 months and some of you here trying to day trade this counter when there are 11 more months to go. This is a > RM600 million market cap and it will take considerably efforts to "goreng" this counter. Even if you buy at 0.22, 0.23, 0.24, 0.25, 0.26, 0.27 or even 0.325. The are still plenty of upside till RM0.67, if it happens. The company needs to only focus in securing the contracts and deliver the numbers. At this juncture, the stock performance will be pretty much "news flow" driven until there are strong earnings visibility. In the meantime, either you fancy your chance or don't bother at all because none of us here can really tell where the markets are heading or else we won't waste time on the forums!

In the meantime, please don't attempt to day trade this counter. There are better stocks out there for you to punt. Huat ar!!!!

Haha... guys, give yourselves a break and stop all these bickering la... Take a deserving rest as we are already heading towards year end. There are many more battles to fight. May 2016 bring good wealth to all of us here =)

Creador chief buys 2% in construction outfit on personal capacity

PETALING JAYA: Brahmal Vasudevan (pic), the founder and chief executive officer (CEO) of private equity firm Creador Sdn Bhd, has emerged as one of the investors who took up shares in Instacom Group Bhd via a private placement.

He acquired the 2% stake in the construction company on his own personal capacity.

Based on the placement price of 25 sen each, Brahmal would have paid about RM10mil for his portion of shares.

Shares in Instacom was last traded at 27.5 sen yesterday, giving it a market value of RM643mil. It was the most actively traded counter yesterday with 90.37 million shares transacted.

It was believed that Brahmal acquired the shares in his own personal capacity because the investment amount involved was too small for Creador to consider.

Brahmal has become as one of the most prolific investors having purchased shares in a number of relatively small, but fast growing and exciting companies.

Previous reports had named him as a shareholder in Mulpha Land Bhd, SMRT Holdings Bhd, Scicom (MSC) Bhd, MyEG Services Bhd and GHL Systems Bhd.

Meanwhile, the fund he manages has taken stakes in companies such as IFCA MSC Bhd, Oldtown Bhd, Asiamet Education Group Bhd and Bonia Corp Bhd. It also has investments in Indonesia and India, two of the most attractive markets in Asia because of its large domestic market.

“Creador largely goes into companies with strong consumer business. When it is too small for the fund, sometimes Brahmal takes a position in his personal capacity,” said an investment banker familiar with the group.

Brahmal’s interest in Instacom could be driven by the company’s exciting growth prospects.

CIMB Research in recent reports named Instacom as a proxy play to the growing tide of foreign direct investment from China.

The firm has a target price of 67 sen for the stock, based on its break-up value.

Instacom’s private placement exercise would raise RM58.5mil in fresh capital for the group, which it can quickly utilise to take advantage of new orders from China Railway Construction Corp Ltd (CRCC).

It has recently proposed to change its name to Vivocom International Holdings Bhd, to reflect its transformation to a full-fledge construction company.

Vivocom is the inhouse contractor for the global Chinese construction giant. It had bagged contracts totalling more than RM350mil from CRCC Malaysia Bhd in recent months.

“We have imputed contract wins of RM3bil in 2016 into our earnings forecasts. A contract award of RM2bil-RM3bil by CRCC would meet our order book win estimate,” CIMB Research said in a note dated Dec 6.

The Government, earlier this month, has awarded the Gemas-Johor Baru electrified double tracking project to CRCC. The project is worth an estimated RM8bil.

Earth, which super mega project is this?

stock was active today because of news of certain investors surfacing in the company. Don't jump the train as this may not be sustainable until the announcement of award of major contracts. To come any closer to the RM0.67 TP by CIMB, it needs a whopping RM3 billion of new contract announcements! So far only got RM100+ from CRCC. Existing orderbook of 1.8billion is not counted..

Zbaik, also pp not to raise money for company to "goreng" its own shares la.. Use the money to get a meaningful contract and the rest of you here (including Zbaik) will help "goreng" the stock.. :p

zbaik, this is not a small company where a group of ppl can just "market make" so easily. The market cap is RM630 million with 2.34 billion shares in the market. It will take an army or investors to move this stock. Therefore, to convince an entire army to move this stock - there must be compelling reasons on either of the following:-

1) Receive of major contract awards
2) Strong financial results

The institution funds will not come in at this juncture until there is greater clarity in terms of the contracts as well as financials.

Hence, for us who are holding on to this will have to fancy our chance. Reminds me of IFCA when it was discovered at 0.35 - 0.34 and then chased until 1.80. Therefore, i wont advise anyone here to trade the stock over several days. Forget about your technical charting as it will not work for this stock until we get some stability or truth in what CIMB has wrote about (TP: RM0.67). Even if its 2/3 truth, its still a RM0.44 stock! I will run at RM0.40!

zbaikitree, proceeds from placement is not inside company yet. Takes up to 5 days! Try to ask around to find out who are these investors 'crazy' enough to come at this level. Precisely ci + 23 pts also red..

CkidCkid, what kind of trading theory? Meeting? This is really unheard of.

You don't normally know the investor not unless if he or she has 5% or more; that is where an announcement in a form of a notice to the exchange is required. Perplexed to know as to why they want to come in when the counter appears not to be in favor at the moment. From 0.25 to current price of 0.270 is not alot of money for a rich private investor. Not unless, they know of something which we don't... only time will tell..

i think these new investors will want a high return or else they would have just rather punt the stock.. we shall see how.

Share price may have intentionally been let down to accommodate these new investors... I am sure they would want to make money from the stock and am hopeful that the share price will recover once the placement is completed

Latest announcement:

We refer to the announcements made by RHB Investment Bank Berhad ("RHBIB"), on behalf of the Board of Directors of Instacom ("Board"), on 30 November 2015, 1 December 2015, 2 December 2015 and 10 December 2015 in relation to the Private Placement.

On behalf of the Board, RHBIB wishes to announce that the Board had on 17 December 2015 resolved to fix the issue price at RM0.25 per Placement Share.

The issue price of RM0.25 per Placement Share represents a discount of approximately 9.71% to the five (5)-day weighted average market price ("WAMP") of Instacom Shares up to and including 16 December 2015, being the last traded day of Instacom Shares immediately preceding the price-fixing date, of RM0.2769 per Instacom Share.

The next Mitrajaya in the works.. Huat ar!!

High time that JF Apex will need to upgrade their call on the stock.
There are many infrastructure works which are up for grab and I have not hear that this company has fail. 6 - 7x PE appears cheap at current prices based on the fundamentals provided

http://www.thestar.com.my/business/business-news/2015/12/12/gadang-buoyed-by-mrt-rapid-job-prospects/?style=biz

Here is the link! Good luck and "may the Force be with all of you"

http://rhbosk.ap.bdvision.ipreo.com/NSightWeb_v2.00/Downloads/Files/de6f36cd-6ac6-44ff-a7b0-7ff5326b6c98.pdf?tics=635858302509497716

.... how to attach?

Wait and be rewarded.... price is kept low to accommodation new investors for the placement. Institutions will be training their guns on this counter if the 4QFY15 and 1QFY16 is good as they will need time to study this counter rather than just following the report blindly. May the force be with those who are patient :p

Gadang has been initiated coverage on by RHB Investment Bank!!!

Gadang Holdings (GADG MK, BUY, TP: MYR2.73)

A Value Play
Initiating Coverage
We initiate coverage on Gadang with a BUY call and SOP-derived MYR2.73 TP (29% upside). It has established itself as a niche player in the large-scale earthworks segment of the construction sector. We like the group for its strong earnings visibility over the next 2-3 years and potential new contracts from the rise of infrastructure works locally. The stock trades at undemanding P/Es of 6-7x for FY16F-18F.

tukar hibiscus beli Sona Petroleum. The guys at Sona appear to have better calibre. My warrant price at @ 0.92; maybe sell at that price la..Also, expecting the sentiment on other SPACs to be poor following the Hibiscus saga.

This is sad as most have anticipate that the company will strike oil in its first well.. its still acceptable if you fail to strike the second, but not the first

One of its directors actually sold some shares on the 20th. Refer latest announcement

The delay could be due to Oman authorities wanting them to overstate the oil reserves/ oil quality to attract more foreign investors? Haha..

Merry X'mas to all and all the best and stay strong whichever the outcome.

Haha.. i think this is more than the discovery of oil...

LISTING'S CIRCULAR NO. L/Q : 69559 OF 2013


Further to Listing's Circular No 69551 of 2013, please be informed that at the request of the Company, the trading in the Company's securities will continue to be suspended pending an announcement.

Must be a really long announcement

Guys.. is as if you all can predict the outcome or even have knowledge of the fields. Come on and I suspect the announcement may not even be outcome of drilling but high chance of a collaboration on its other fields

TP of RM1.50 based on what?

Jokking only.. Just wait and lets stop speculating

We wish to announce that our drilling has caused an oil spill.. Macam BP case. Aiks

Maximum 3 days only... How hard to write the announcement, either got oil or no oil.. Hehe

If not out then wait for tomorrow morning.. If material enough, stock shall be suspended for 1H session

Maybe the technology to examine oil in certain conditions were not available then...

Maybe no proper equipment in 1975 and 1976....

Maybe oil spill...

aiya.. oil surely got but the correct question to ask is whether anot its feasible for large O&G to set-up production assets. Small guys like Hibiscus are positioned to harvest smaller wells.

first drill not success.. no need to play liao.. all other O&G SPAC also sure drop wan

I think we better prepare for the worst. the sell-down may not had happened as insiders would have loaded up with the shares in anticipation of the announcement. If there is good oil, the stock will still go up anyway...

Got oil... but not enough?

haha

announcement should be out soon. technically, company has until 7.30 pm (upon obtaining extension) to make the announcement