that 66million...it's not gonna appear in digistar balance sheet anytime soon. Perhaps, never.
Malaysian gov is DEADBROKE now. Perhaps, company should stay away from any gov project. Ekovest so much project also not much price movement. Market is skeptical. Really skeptical with governement project.
Thks, after reading the article, i still can't get how the 66m from. is understood gov reimburses evry month ~3m to them, then accumulate one yr payment would be ~36m, but i really don get how the other half from?
this is, of course, not yr fault, bcos we only can get separate pieces of news in separate intervals, which sometimes can't be assembled to a clear picture! Just like the July payment, since no news, not everybody is convincing .... for me, i choose the +ve side, bcos i think the possibility is higher :-)
firehawk, for your information, when Digistar secured this project from the Government, it is not only about the construction of the building, it also included supply of the IT equipment for the entire building, which is worth RM66 mil.
Based on their initial agreement, Government should pay Digistar a lump sum of RM66mil upon completed of the project. This is a one-off payment in addition to the monthly RM3 mil leasing fee.
During the AGM on early this year, Datuk Lee mentioned that the reason why Government delay the RM66 mil is because there are some high tech equipment that may contain radioactive, so JKR is in the midst to arrange for Radioactive Professional to test and certified the machine, that why it cause delay of the payment.
If you refer to Digistar's Balance Sheet, you can see there is always a RM60mil ++ trade receivable for the past few quarter, this is exactly the RM66 mil than pending for Government to pay, and if everything as per planning, Digistar should have already received the RM66 mil in July'17.
Hi Albukhary, Thks for the details + info given. I think I should go to co, announcements and news even back to 2013! (Before this, i only searched for the info in recent 2 yrs! I think i hv plenty of time to do this before the next Q announcement :-) )
btw, Ireka is going to announcement 2 sen div., this is the starting and more should be coming ....
if u r interested, u can also look into Malakoff. There was a law case btw Malakoff and vendors (of Tanjung Bin Energy), Malakoff asks for damaged claim of 785m. In Aug, an agreement was achieved to settle the dispute, although the details were not revealed, but believed has +ve impact on coming Q result. At the market price now, Malakoff worth a look!
Observe from the Buying queue and Selling queue, obviously, there is somebody controls the price ... when i started buying last month, it was not like that ... the vol queue was much less! 11/09/2017 10:54
Redeagle, yup no impact on Revenue, but you will see cash increased by RM66mil. Cash is important for Digistar because investor are worry about its RM280mil bond. If Digistar can have RM130-150mil cash on hand, then investor will feel comfortable.
This could be the last GEM in bursa... It could be suddenly go back to its glory time @ 60 sen. Nobody know... Just ready yourself for that day to come.
So my hunch earlier on Apr was proven correct. Private placement after Datuk Lee dispose, just like in early 2016. New hunch : lowest at 0.12, which is 2 sen down from indicative issue price of RM0.14. (In early 2016 pp, indicative issue price is RM0.17, then the lowest reached was 2 sen down at 0.15)
179173, I have no comments on this private placement, as I have no idea what Dato Lee is thinking.
Theoretically speaking, when a company issue private placement, the purpose is to raise fund. However, if the purpose is to raise fund, why don't company announce it when they share price is staying above RM0.20, why purposely push the share price down to RM0.15 then only announce private placement. The lower price you issue, the lower fund you raise. So I think the main purpose of this Private placement is not for raising fund.
If this is not for raising fund, then for what purpose.
I have no answer, I left it for you to think. Maybe you can ask your remisier to check who are the buyer of this private placement.
I have nothing to fight with Datuk Lee, but I have time. I can put it in safety box for 5-10 years, wait until Datuk Lee push it up to RM0.60.
等钱用 would be really prophetic if his lowest 0.12 is reached, which if happen, should be within about 1 month time, before pp price is set. Let's wait and see.
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 102 views | 8 h ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 375 views | 4 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sxoon
15 posts
Posted by sxoon > 2017-08-28 19:53 | Report Abuse
money games