Posted by dosn > 2014-03-25 17:47 | Report Abuse

tomorrow open double the price

Posted by qbsinvestor > 2014-03-25 19:41 | Report Abuse

why? What's the news?

Posted by slamberjo > 2014-03-26 07:44 | Report Abuse

Ranhill RTO & now O&G gameplay

Posted by OptimusX8 > 2014-03-26 07:47 | Report Abuse

Good goreng ... afterthat another sumatec coma stock with supersized paid up.

Posted by devilnevercry > 2014-03-26 09:18 | Report Abuse

I thought quadruple? Hehehe

Posted by eftee > 2014-03-26 14:43 | Report Abuse

don't understand. What RTO. Is it Ranhill which was supposed to list now taking over Sympohony by backdoor?

Posted by lmseng > 2014-03-26 15:02 | Report Abuse

both are lamb ducks- one is a loss making company ( Symphony) while the other is with high gearing...

Posted by AhHuat118 > 2014-03-26 17:09 | Report Abuse

Symphony House, Ranhill Energy ink deal for reverse takeover

KUALA LUMPUR: Symphony House Bhd has signed an agreement for a reverse takeover of the company by Ranhill Energy And Resources Bhd enroute to listing, confirming a StarBiz report.

Both companies had on Wednesday signed a heads of agreement for the corporate exercise where Symphony would acquire all of Ranhill Group Sdn Bhd and all or substantially all of its subsidiaries for a purchase consideration to be determined.

The acquisition would be satisfied by the issuance of new RM1 shares in Symphony after a proposed share consolidation at an issue price of RM1.50 per Symphony share.

However, before the acquisition, Symphony would consolidate its existing 10 shares of 10 sen each into one share of RM1 each.

"The proposed acquisition aims to provide existing shareholders of Symphony with an opportunity to benefit from Ranhill group of companies' growth potential in the water, power and oil and gas businesses.

"Symphony's shareholders are expected to benefit from Ranhill group of companies' experience in the energy and environment sectors, and its reliable cashflow from its contracts and concessions," it said.

Ranhill Energy, its shareholders and its persons acting in concert intend to seek an exemption from the obligation to undertake a mandatory take-over offer for all the remaining Symphony shares not already owned by them upon completion of the proposed acquisition. The exemption is to ensure the successful implementation of the proposed acquisition.

Symphony proposes to undertake a public offering of new Symphony shares and a renounceable rights issue on the basis of one new Symphony share for every existing one Symphony share held.

Funds raised from the proposed offering are intended to be used for, among others, paring down debts, business expansion, working capital as well as to disburse expenses related to the proposal.

They said there would be an offer for sale of Symphony shares by certain shareholders of Ranhill Energy.

Also Symphony's current acting chairman & group CEO Tan Sri Mohamed Azman Yahya and Abdul Hamid Sheikh Mohamed will undertake a management buyout of all the equity interest in Symphony's existing group of companies for a RM60mil cash consideration.

Upon completion of the proposal, Symphony will continue to be listed on the Main Market of Bursa Securities.

Posted by devilnevercry > 2014-03-26 17:44 | Report Abuse

wah, double, triple, quadruple.....

Posted by sotsot1986 > 2014-03-26 19:13 | Report Abuse

wat will be the ref price for tomolo open?

Posted by lizziewong > 2014-03-26 19:27 | Report Abuse

Ranhill failed to get its IPO due to integrity issues.. punters beware.

Posted by mk88 > 2014-03-26 20:22 | Report Abuse

Azman Yahya was former CEO of Danaharta to revive bad loans and companies after 1997 but he cant run and saved his own company!!!!

now his company is saved by RTO

Posted by lohweimin > 2014-03-26 20:22 |

Post removed.Why?

Posted by mk88 > 2014-03-26 20:52 | Report Abuse

with RTO this will be the next goreng counter

Posted by yipgusing > 2014-03-26 21:20 | Report Abuse

lmseng ...can you go f3 .... this share will be flying tomolo ... who cares they r losing money or high gearing ... oh please .......... i know you have cut lost of this share before. .. dont sour grape over hear .... wahahhahaha

Posted by valuemaster > 2014-03-26 23:09 | Report Abuse

this proposal will take 6 months minimum, dont be silly, issuance at RM1.50 post consolidation, meaning IPO price at 15cents, how much can it go? remember as well, they have huge debts to pay off, so are raising rights issue from shareholders, some existing shareholders want to sell their shares somemore

Posted by eftee > 2014-03-26 23:47 | Report Abuse

I got 3,000 shares. How much can I get?

Posted by hornydog > 2014-03-26 23:48 | Report Abuse

Ini backdoor punya hal sound like eating Sodo Mee ni...

Posted by xyzsim > 2014-03-27 08:36 | Report Abuse

how much entry price ?

Posted by mcmann > 2014-03-27 08:56 | Report Abuse

anyone any advice im still holding this old baby for so long and now its time to dispose

Posted by mcmann > 2014-03-27 08:57 | Report Abuse

in the system showing bid price is 0.435 !!! its 3 fold on opening

Posted by AndrewC > 2014-03-27 08:59 | Report Abuse

wow.

Posted by devilnevercry > 2014-03-27 09:16 | Report Abuse

awesome. Y it's coming down now?

Posted by ruslimz > 2014-03-27 09:21 | Report Abuse

take over price at 15 sen only....

Posted by stockcrazy > 2014-03-27 09:35 | Report Abuse

yalor..... y up till 0.27...

Posted by ahhuat118 > 2014-03-27 09:36 | Report Abuse

Hi Valuemaster, need to learn how to count IPO is 15 cents?

Posted by kongfeifan86 > 2014-03-27 09:37 | Report Abuse

sell pls....just a goreng counter.

Posted by clonewar > 2014-03-27 09:39 | Report Abuse

goreng higher

Posted by sudahkena > 2014-03-27 10:18 | Report Abuse

Consolidated 10 shares 0.10 to 1 share

Posted by kongfeifan86 > 2014-03-27 10:30 | Report Abuse

so how to earn? no energy now..

Posted by frenlyme > 2014-03-27 10:45 | Report Abuse

Ya man...slowing down . But the volume is still high

Posted by cruzz > 2014-03-27 11:01 | Report Abuse

terkena

Posted by monreyes > 2014-03-27 11:14 | Report Abuse

Ranhill core biz water, power, O&G..price will go up

Posted by limyee > 2014-03-27 11:19 | Report Abuse

kena trap

Posted by REDbutterfly > 2014-03-27 11:22 | Report Abuse

monreyes Ranhill---->>>>core biz water, power, O&G..price will go up. Good!!!

Posted by csk396 > 2014-03-27 11:26 | Report Abuse

Ranhill was supposed to list on Bursa on July 31, with about 70% of its RM753mil IPO proceeds to be utilised for the repayment of borrowings. The SC had instructed the company to postpone its IPO indefinitely on July 25 in view of the non-disclosure issue. most of the used for repay loan...

Posted by monreyes > 2014-03-27 11:29 | Report Abuse

current price still far from their proposed IPO price ...mission not accomplished yet...

Posted by thewire > 2014-03-27 11:36 | Report Abuse

http://www.theedgemalaysia.com/highlights/282210-hot-stock-symphony-soars-104-on-ranhill-reverse-take-over-proposal-hl.html

Posted by arv18 > 2014-03-27 11:40 | Report Abuse

From this article .... http://www.thestar.com.my/Business/Business-News/2014/03/26/Ranhill-head-to-Bursa-via-RTO/

Ranhill’s IPO plans were put on hold last year after it emerged there had been a disclosure breach related to the suspension of the licences of its affiliate company, Perunding Ranhill Worley Sdn Bhd, by Petroliam Nasional Bhd for an indefinite period.

Subsequently, the Securities Commission (SC) imposed a fine of RM200,000 on the company, while its substantial shareholder Tan Sri Hamdan Mohamad was reprimanded and fined RM300,000 for the failure to disclose the licensing issue.

Ranhill was supposed to list on Bursa on July 31, with about 70% of its RM753mil IPO proceeds to be utilised for the repayment of borrowings. The SC had instructed the company to postpone its IPO indefinitely on July 25 in view of the non-disclosure issue.

The following day, Ranhill announced that it had terminated its IPO.

According to the company’s prospectus, it had debts of RM1.93bil and a gearing of 1.61 times as at end December 2012.

Symphony recorded a net loss of RM40.84mil for its fourth quarter ended Dec 31, 2013, compared with a net loss of RM37.66mil in the corresponding period, which was mainly attributed to an impairment made in respect of its BPO business of RM40.6mil.

Its revenue during the quarter rose to RM14.66mil from RM12.77mil previously. Its total cash and cash equivalents stood at RM22.80mil as at Dec 31, 2013.

In its notes accompanying its fourth quarter earnings, Symphony said it expected to complete the sale of Symphony BPO Solutions Sdn Bhd by the first quarter of 2014.

“Upon completion of this sale, the group still has the remaining international BPO business for payroll solutions, which will focus on completing the implementation of secured projects in Japan and Europe.

“On the domestic outsourcing business which remains in the group’s core continuing business, we expect the stock market to be in a positive bias for the remaining period of 2014, which will provide moderate growth for these businesses,” it said.

----WAY too much debt here.... maybe that why this isn't performing like Barakah

Posted by hagi > 2014-03-27 11:41 | Report Abuse

Good news.

Posted by ameen007 > 2014-03-27 11:42 | Report Abuse

why good news?

Posted by yipgusing > 2014-03-27 12:11 | Report Abuse

hahahaha ....quoted from some1 ...
"ruslimz take over price at 15 sen only...." ...
this is the biggest joke i ever heard ..... thanks for showing your ignorance

Posted by REDbutterfly > 2014-03-27 12:12 | Report Abuse

On the domestic outsourcing business which remains in the group’s core continuing business, we expect the stock market to be in a positive bias for the remaining period of 2014, which will provide moderate growth for these businesses

Posted by eftee > 2014-03-27 12:26 | Report Abuse

How to calculate? The one for one thing. Does it mean last closing price 13.5 so should be double (27 sen). Is that the reason why ppl chase it up to 27.5sen?

Posted by arv18 > 2014-03-27 13:07 | Report Abuse

Read the article..... RM1.93bil debt = massive rights issue.

also planning on consolidating current 10sen share into a 1.00 share...

Posted by AyamTua > 2014-03-27 13:57 | Report Abuse

arv18 Read the article..... RM1.93bil debt = massive rights issue.

also planning on consolidating current 10sen share into a 1.00 share...
27/03/2014 13:07

- arv18: what say you? can go in or no go in due to high debt? 1.93b debts sounds like MAS style of debts .. lol

Posted by AyamTua > 2014-03-27 14:41 | Report Abuse

nevermind .. AT just jumped in! RANHILL WORLEY wor ... if ran cannot hill then worley will parson .. kikiki

Posted by ameen007 > 2014-03-27 14:52 | Report Abuse

Fast in fast out. Tomorrow 1 more day of play?

Posted by AyamTua > 2014-03-27 15:20 | Report Abuse

according to AT understanding. RANHILL WORLEY buy this counter then tukar nama right? .. now 0.220-0.215 .. after tukar nama to RANHIL WORLY or whatever names he wants.. boom to 1.00? I saw the word Rm1.00 somewhere in this posting.. in this case AT already buy at 0.215 <-- is that price ok? not ok already bought loh.. wahahahahahh

Posted by hepitrade > 2014-03-27 15:22 | Report Abuse

AT :)